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Newport Charity Trust is a private trust based in CONCORD, NH. The foundation received its IRS ruling in 2013. The principal officer is Mclane Law Firm. It holds total assets of $1.6M. Annual income is reported at $439K. Total assets have decreased from $2M in 2013 to $1.6M 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. According to available records, Newport Charity Trust has made 5 grants totaling $311K, with a median grant of $25K. Annual giving has grown from $13K in 2020 to $25K in 2022. Grantmaking activity was highest in 2021 with $273K distributed across 3 grants. Individual grants have ranged from $5K to $146K, with an average award of $62K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in New Hampshire. Contributions to this foundation are tax-deductible.
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.
Newport Charity Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NH.
Newport Charity Trust has distributed a total of $311K across 5 grants. The median grant size is $25K, with an average of $62K. Individual grants have ranged from $5K to $146K.
Newport Charity Trust typically selects its grantees rather than accepting unsolicited proposals.
Newport Charity Trust is headquartered in CONCORD, NH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mary Susan Leahy | TRUSTEE | $0 | $0 | N/A |
Total Giving
$150K
Total Assets
$1.6M
Fair Market Value
$2.7M
Net Worth
$1.6M
Grants Paid
$124K
Contributions
N/A
Net Investment Income
$125K
Distribution Amount
$120K
Total: $448K
Total Grants
5
Total Giving
$311K
Average Grant
$62K
Median Grant
$25K
Unique Recipients
4
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL OPERATIONS | Concord, NH | $5K | 2021 |
| Newport Community TrustNEWPORT COMMUNITY CENTER PROJECT | Newport, NH | $25K | 2022 |
| Episcopal Church Of The EpiphanyGENERAL OPERATIONS | Newport, NH | $122K | 2021 |
| Town Of NewportNEWPORT COMMUNITY TRUST | Newport, NH | $13K | 2020 |