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R D La Penta Medical Scholarship Trust is a private trust based in JOHNSTON, RI. The foundation received its IRS ruling in 2009. The principal officer is Citizen Bank. It holds total assets of $7.4M. Annual income is reported at $2M. Total assets have grown from $6.1M in 2011 to $7.3M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2018 to 2023. According to available records, R D La Penta Medical Scholarship Trust has made 2 grants totaling $884K, with a median grant of $442K. Annual giving has decreased from $494K in 2022 to $390K in 2023. Individual grants have ranged from $390K to $494K, with an average award of $442K. 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.
R D La Penta Medical Scholarship Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in NH.
R D La Penta Medical Scholarship Trust has distributed a total of $884K across 2 grants. The median grant size is $442K, with an average of $442K. Individual grants have ranged from $390K to $494K.
The application deadline is MAY 31. See attached scholarship guidelines.
R D La Penta Medical Scholarship Trust is headquartered in JOHNSTON, RI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Citizens Bank N A | TRUSTEE | $44K | $0 | $44K |
Total Giving
$511K
Total Assets
$7.3M
Fair Market Value
$8.5M
Net Worth
$7.3M
Grants Paid
$390K
Contributions
N/A
Net Investment Income
$626K
Distribution Amount
$392K
Total Grants
2
Total Giving
$884K
Average Grant
$442K
Median Grant
$442K
Unique Recipients
1
Most Common Grant
$494K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Hampshire Charitable FoundationMEDICAL SCHOLARSHIP | Concord, NH | $390K | 2023 |
NORTH KINGSTOWN, RI
PROVIDENCE, RI
PROVIDENCE, RI