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BankNewport Charitable Foundation, Inc.

BankNewport Charitable Foundation, Inc.

Company Details

Name:	BankNewport Charitable Foundation, Inc.
Jurisdiction:	Rhode Island
Entity type:	Domestic Non-Profit Corporation
Status:	Activ
Date of Organization in Rhode Island:	02 Aug 2022 (3 years ago)
Identification Number:	001744238
ZIP code:	02842
County:	Newport County
Purpose:	TO MAKE GRANTS AND PROVIDE FUNDING TO A WIDE VARIETY OF 501(C)(3) NONPROFIT ORGANIZATIONS THAT QUALIFY UNDER THE INTERNAL REVENUE CODE SECTION 170(C) TO RECEIVE TAX DEDUCTIBLE CHARITABLE DONATIONS INCLUDING WITHOUT LIMITATION SUCH 501(C)(3) NONPROFIT ORGANIZATIONS THAT WORK TO PROMOTE AND SUPPORT ECONOMIC AND WORKFORCE DEVELOPMENT, EDUCATION AND FINANCIAL LITERACY, COMMUNITY INVESTMENT AND REVITALIZATION, HEALTH AND HUMANITARIAN SERVICES AND AID, AND ARTS AND CULTURE EITHER WITHIN OR WITHOUT THE STATE OF RHODE ISLAND, AS THE BOARD OF DIRECTORS MAY DETERMINE FROM TIME TO TIME. ALL SUCH OTHER PURPOSES AS ARE PERMISSIBLE FOR A CORPORATION FORMED UNDER CHAPTER 7-6 OF THE GENERAL LAWS OF RHODE ISLAND, AS AMENDED.THE CORPORATION IS ORGANIZED AND SHALL AT ALL TIMES BE OPERATED EXCLUSIVELY OR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF SECTION 170(C) AND SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED (CODE) AND CHAPTER 7-6 OF THE GENERAL LAWS OF RHODE ISLAND, INCLUDING FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS OF PRINCIPAL AND INCOME TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE CODE OR THE CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE STATUTE.
Principal Address:	184 JOHN CLARKE ROAD, MIDDLETOWN, RI, 02842, USA

Industry & Business Activity

NAICS

813211 Grantmaking Foundations

This U.S. industry comprises establishments known as grantmaking foundations or charitable trusts. Establishments in this industry award grants from trust funds based on a competitive selection process or the preferences of the foundation managers and grantors; or fund a single entity, such as a museum or university. Learn more at the U.S. Census Bureau

Agent

Name	Role	Address
CORPORATION SERVICE COMPANY	Agent	222 JEFFERSON BOULEVARD SUITE 200, WARWICK, RI, 02888, USA

INCORPORATOR

Name	Role	Address
HOLLIE B. LUSSIER ESQ.	INCORPORATOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA

DIRECTOR

Name	Role	Address
DAVID BAZARSKY	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
TIMOTHY BURNS	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
PETER CAPODILUPO	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
MARYJO CARR	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
JOHN F. MURPHY	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
ROGER NOLAN	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
JAMES WRIGHT	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
COLIN KANE	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA
THOMAS IANNOTTI	DIRECTOR	184 JOHN CLARKE ROAD MIDDLETOWN, RI 02842 USA

Filings

Number	Name	File Date
202449236510	Annual Report	2024-03-25
202339441800	Statement of Change of Registered/Resident Agent	2023-07-13
202331302910	Annual Report	2023-03-22
202221876000	Articles of Incorporation	2022-08-02
202567251310	Annual Report	2025-03-17

Tax Exempt

Employer Identification Number (EIN) :

88-2461260

Classification:

Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)

Ruling Date:

2022-09

National Taxonomy Of Exempt Entities:

Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations

Deductibility:

Type of organization and use of contribution: A private foundation. Deductibility Limitation: 30% (generally)

Determination Letters

Link:

Download file

Date of last update: 15 May 2025

Sources: Rhode Island Department of State