EIN 22-2604963

The Rhode Island Foundation

IRS 501(c) type
501(c)(3)
Num. employees
59
Year formed
1916
Most recent tax filings
2023-12-01
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
$87,701,485
2023
Total expenses
$102,860,359
2023
Total assets
$1,257,515,540
2023
Num. employees
59
2023

Program areas at The Rhode Island Foundation

Donor designated funds: providing vehicles for donors to make grants to qualified charities by designating a qualified charity.
Strategic grantmaking programs: grantmaking focused primarily on addressing specific priorities within three strategic 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 that gives voice to underrepresented groups and promotes institutional change 2)organizational and leadership capacity: funding projects to increase non profit capacity, and 3) innovative models and proven programs: funding projects based on unique research or experience in a field. We 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 grants to qualified 501c(3) organizations through funds over which donors have advisory privileges.

Grants made by The Rhode Island Foundation

GranteeGrant descriptionAmount
United Way of Rhode Island (UWRI)Other$4,909,384
One Neighborhood BuildersHousing$3,009,082
Amos HouseHealthy Lives$1,275,676
...and 871 more grants made totalling $77,603,400

Who funds The Rhode Island Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Dechomai FoundationGeneral Support$8,899,756
The Carter Family Charitable TrustGeneral Charitable Purposes$2,349,852
The Downcity PartnershipGeneral Support$2,334,155
...and 45 more grants received totalling $23,032,392

Personnel at The Rhode Island Foundation

NameTitleCompensation
David N. CicillinePresident and Chief Executive Officer$387,540
Jennifer ReidVice President of Finance and Chief Financial Officer$297,370
Kathleen MalinChief Technology Officer and Vice President of Operations$222,431
Christopher BizzaccoChief of Staff
Arianne CorrenteVice President of Communications and Marketing$183,248
...and 17 more key personnel

Financials for The Rhode Island Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$42,810,300
Program services$0
Investment income and dividends$14,919,758
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$102,646
Net gain from sale of non-inventory assets$29,454,707
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$414,074
Total revenues$87,701,485

Form 990s for The Rhode Island Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122022-08-02990View PDF
2020-122021-11-15990View PDF
...and 11 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$161,296,905
Arizona Community FoundationPhoenix, AZ$122,702,351
The Philadelphia Foundation (PF)Philadelphia, PA$57,345,521
The Cleveland FoundationCleveland, OH$370,353,894
Seattle FoundationSeattle, WA$186,713,007
Communities Foundation of TexasDallas, TX$195,142,202
New Hampshire Charitable FoundationConcord, NH$93,727,028
The Denver FoundationDenver, CO$108,742,732
Community Foundation for Greater Buffalo (CFGB)Buffalo, NY$54,971,299
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Used new vendors
Identified 2 new vendors, including , and
November 26, 2024
Updated personnel
Identified 6 new personnel
October 20, 2024
Received grants
Identified 2 new grant, including a grant for $50,000 from Joukowsky Family Foundation
July 16, 2024
Received grants
Identified 12 new grant, including a grant for $2,349,852 from The Carter Family Charitable Trust
Nonprofit Types
Grantmaking organizationsCommunity foundationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
Political advocacyOperates donor advised fundsProvides grantsLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsAccepts online 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
Central organization
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