EIN 22-2604963

The Rhode Island Foundation

IRS 501(c) type
501(c)(3)
Num. employees
55
Year formed
1916
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Rhode Island Foundation is a proactive community and philanthropic leader dedicated to meeting the needs of the people of Rhode Island. Their mission is to provide strategic grantmaking programs focused primarily on addressing specific priorities within three strategic initiative areas: economic security, education, and health. They also support organizations and projects that are responsive to donors through their donor advised funds, which provide vehicles for donors to make grants to qualified charities by actively participating in grant recommendations.
Also known as...
The Rhode Island Community Foundation
Total revenues
$94,559,880
2022
Total expenses
$94,070,249
2022
Total assets
$1,164,890,574
2022
Num. employees
55
2022

Program areas at The Rhode Island Foundation

Strategic grantmaking programs: grantmaking focused primarily on addressing specific priorities within three strategic initiative areas: economic security, education, and health. Grantmaking also supports organizations and projects that are responsive to Community needs in other areas including arts & culture, environment, children & families, and housing. Grants support different approaches including 1) policy, advocacy and systems reform: funding projects that involve research and analysis on pressing issues; advocacy and organizing that gives voice to underrepresented groups and promotes institutional change 2) organizational and leadership capacity: funding projects to increase nonprofit capacity and 3) innovative models and proven programs: funding projects based on unique research or experience in a field. We also seek to expand and sustain programs that are highly effective and produce results. We also operate multiple special grant programs that fund projects that best match donor intent.
Donor advised funds: providing vehicles for donors to make grants to qualified charities by actively participating in grant recommendations.
Donor designated funds: providing vehicles for donors to make grants to qualified charities by designating a qualified charity.

Grants made by The Rhode Island Foundation

GranteeGrant descriptionAmount
United Way of Rhode Island (UWRI)General Operating Support$4,084,715
Local Initiatives Support CorporationHousing Is Healthcare Fund$2,000,000
Community MusicWorksSpecial Building Project$1,500,000
...and 957 more grants made totalling $66,224,594

Who funds The Rhode Island Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dechomai FoundationGeneral Support$8,899,756
Blue Meridian PartnersTo Support Economic Mobility$4,250,000
The Downcity PartnershipGeneral Support$2,334,155
...and 46 more grants received totalling $24,783,498

Personnel at The Rhode Island Foundation

NameTitleCompensation
James WrightChief Executive Officer, Bridge Technical Talent$0
Michael K. AllioPresident and Chief Executive Officer, Allio$0
Neil D. SteinbergPresident and Chief Executive Officer$921,146
Jennifer ReidChief Financial Officer$261,630
Peter R. PhillipsSenior Vice President and Chief Investment Officer, Washington Trust Wealth Management$0
...and 14 more key personnel

Financials for The Rhode Island Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$58,316,386
Program services$0
Investment income and dividends$13,426,293
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$70,312
Net gain from sale of non-inventory assets$22,355,325
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$391,564
Total revenues$94,559,880

Form 990s for The Rhode Island Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122022-08-02990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
...and 10 more Form 990s

Organizations like The Rhode Island Foundation

OrganizationLocationRevenue
East Tennessee Foundation (ETF)Knoxville, TN$25,934,976
The Boston Foundation (TBF)Boston, MA$324,652,362
Community Foundation for Greater Buffalo (CFGB)Buffalo, NY$56,537,676
The Philadelphia Foundation (PF)Philadelphia, PA$80,318,312
Seattle FoundationSeattle, WA$159,592,537
Fairfield County's Community FoundationNorwalk, CT$46,758,216
Communities Foundation of TexasDallas, TX$274,423,452
New Hampshire Charitable FoundationConcord, NH$65,087,484
San Francisco Foundation (TSFF)San Francisco, CA$297,436,709
The Denver FoundationDenver, CO$137,620,038
Data update history
January 22, 2024
Updated personnel
Identified 1 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
October 26, 2023
Received grants
Identified 8 new grant, including a grant for $4,250,000 from Blue Meridian Partners
August 19, 2023
Received grants
Identified 37 new grant, including a grant for $7,520,000 from Delta Dental of Rhode Island
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donations
General information
Address
1 Union Station
Providence, RI 02903
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Website URL
rifoundation.org/ 
Phone
(401) 274-4564
Facebook page
rhodeislandfoundation 
Twitter profile
@rifoundation 
IRS details
EIN
22-2604963
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1916
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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