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Lucy C Ayers Memorial Foundation is a private trust based in WESTERLY, RI. The foundation received its IRS ruling in 2014. The principal officer is Washington Trust Company. It holds total assets of $721K. Annual income is reported at $179K. Total assets have grown from $518K in 2014 to $732K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Rhode Island. According to available records, Lucy C Ayers Memorial Foundation has made 10 grants totaling $86K, with a median grant of $10K. The foundation has distributed between $38K and $48K annually from 2022 to 2023. Individual grants have ranged from $765 to $19K, with an average award of $9K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Rhode Island. Contributions to this foundation are tax-deductible.
Smallest Grant
$852
Median Grant
$10K
Average Grant
$9K
Largest Grant
$17K
Based on 5 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Lucy C Ayers Memorial Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in RI.
Lucy C Ayers Memorial Foundation has distributed a total of $86K across 10 grants. The median grant size is $10K, with an average of $9K. Individual grants have ranged from $765 to $19K.
Lucy C Ayers Memorial Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lucy C Ayers Memorial Foundation is headquartered in WESTERLY, RI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| The Washington Trust Company | Trustee | $10K | $0 | $10K |
Total Giving
$49K
Total Assets
$732K
Fair Market Value
$850K
Net Worth
$732K
Grants Paid
$38K
Contributions
$25K
Net Investment Income
$41K
Distribution Amount
$38K
Total: $650K
Total Grants
10
Total Giving
$86K
Average Grant
$9K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$11K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rhode Island CollegeNURSING PROGRAM | Providence, RI | $15K | 2023 |
| University Of Rhode IslandNURSING PROGRAM | Kingston, RI | $11K | 2023 |
| Salve Regina UniversityNURSING PROGRAM | Newport, RI | $9K | 2023 |
| Community College Of Rhode IslandNURSING PROGRAM | Warwick, RI | $2K | 2023 |
| New England Institute Of TechnologyNURSING PROGRAM | East Greenwich, RI | $765 | 2023 |
NORTH KINGSTOWN, RI
PROVIDENCE, RI
PROVIDENCE, RI