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Philmoney Trust is a private trust based in PROVIDENCE, RI. The foundation received its IRS ruling in 2021. The principal officer is Manasett Corp. It holds total assets of $941K. Annual income is reported at $1.7M. Total assets have grown from $176K in 2020 to $748K in 2023. The foundation is governed by 3 officers and trustees. 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 2020 to 2023. According to available records, Philmoney Trust has made 33 grants totaling $718K, with a median grant of $10K. Annual giving has decreased from $414K in 2022 to $304K in 2023. Individual grants have ranged from $1K to $97K, with an average award of $22K. The foundation has supported 20 unique organizations. The foundation primarily supports organizations in Rhode Island, New Hampshire, Virginia, which account for 76% of all grants. Grantmaking reaches organizations across 7 states. 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.
Philmoney Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in RI, NH, VA.
Philmoney Trust has distributed a total of $718K across 33 grants. The median grant size is $10K, with an average of $22K. Individual grants have ranged from $1K to $97K.
Philmoney Trust typically selects its grantees rather than accepting unsolicited proposals.
Philmoney Trust is headquartered in PROVIDENCE, RI. While based in RI, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frank Mauran Iv | TRUSTEE | $0 | $0 | N/A |
| Elizabeth Rollins Mauran | TRUSTEE | $0 | $0 | N/A |
| Robert Gaumont | TRUSTEE | $0 | $0 | N/A |
Total Giving
$327K
Total Assets
$748K
Fair Market Value
$903K
Net Worth
$748K
Grants Paid
$304K
Contributions
$700K
Net Investment Income
$601K
Distribution Amount
$27K
Total: N/A
Total Grants
33
Total Giving
$718K
Average Grant
$22K
Median Grant
$10K
Unique Recipients
20
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Trinity ChurchCHARITY | York, ME | $5K | 2023 |
| Holt-Elwell Memorial FoundationCHARITY | Hebron, NH | $50K | 2023 |
| Society Of The Cincinatti RiCHARITY | Providence, RI | $45K | 2023 |
| Crossroads Rhode IslandCHARITY | Providence, RI | $40K | 2023 |
| Rhode Island Historical SocietyCHARITY | Providence, RI | $25K | 2023 |
| Society Of The CincinattiCHARITY | Washington, DC | $25K | 2023 |
| International Documentary FoundationCHARITY | Los Angeles, CA | $25K | 2023 |
| Nature Cons RiCHARITY | Providence, RI | $20K | 2023 |
| Ri Zoological SocietyCHARITY | Providence, RI | $13K | 2023 |
| Mile Of History AsscCHARITY | Providence, RI | $10K | 2023 |
| Mt Vernon Ladies' AssociationCHARITY | Mount Vernon, VA | $10K | 2023 |
| Hope Club Preservation FundCHARITY | Providence, RI | $10K | 2023 |
| Newport Historical SocietyCHARITY | Newport, RI | $5K | 2023 |
| Providence Preservation SocietyCHARITY | Providence, RI | $5K | 2023 |
| The Halcyon FoundationCHARITY | New York, NY | $5K | 2023 |
| Nathaniel Greene HomesteadCHARITY | Coventry, RI | $5K | 2023 |
| York Harbor Reading R FoundationCHARITY | York Harbor, ME | $3K | 2023 |
| Risd MuseumCHARITY | Providence, RI | $3K | 2023 |
| Nscda RiCHARITY | Washington, DC | $1K | 2023 |
| Building Bridges ProvidenceCHARITY | Providence, RI | $5K | 2022 |
NORTH KINGSTOWN, RI
PROVIDENCE, RI
PROVIDENCE, RI