THE BEACON FOUNDATION
https://BEACONMUTUAL.COM/THE-BEACON-FOUNDATION/
$4.3M
Total Assets (2024)
$175K
Avg Yearly Giving (2023–2024)
$351K
Giving on File
(2 yrs)
(2 yrs)
261
Grants on File
$1K
Avg Grant Size
About
UNDER RHODE ISLAND LAW, THE BEACON FOUNDATION IS NOT REQUIRED TO FURNISH A COPY OF ITS 990-PF FILING TO THE ATTORNEY GENERAL FOR THE STATE OF RHODE ISLAND.
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
AMY C VITALE
Phone
4018252667
Deadlines
NOT APPLICABLE, SUBMISSIONS ARE ROLLING.
How to Apply
NAME AND ADDRESS; PRINCIPAL DIRECTOR'S NAME; STATUS AS A QUALIFIED 501 (C)(3) ORGANIZATION; STATEMENT OF THE NATURE AND PRINCIPAL PURPOSE OF THE FUNDING REQUEST; DETAILS ON HOW THE REQUEST WILL IMPROVE THE STATE OF RHODE ISLAND AND SUPPORT ITS BUSINESS, EDUCATIONAL, NONPROFIT AND CULTURAL COMMUNITY; CONTACT INFORMATION FOR THE REQUEST; AND THE WEB ADDRESS. REQUESTS FOR FUNDING OF $5,000 OR LESS SHOULD BE MADE ON THE ORGANIZATION'S LETTERHEAD. REQUESTS OF GREATER THAN $5,000 MAY BE MADE ON A WRITTEN GRANT APPLICATION WHICH, AMONG OTHER DETAILS, MAY INCLUDE THE FOLLOWING: STATEMENT OF THE PRINCIPAL PURPOSE OF THE ORGANIZATION, INCLUDING DETAIL REGARDING ITS PROJECTS AND GOALS; FINANCIAL AUDIT, COMPILATION OR REVIEW; DETAILS OF THE ORGANIZATION'S CURRENT OPERATING BUDGET AND REASONABLE AND ADEQUATE ACCOUNTING PROCEDURE; AND THE ORGANIZATION'S SOURCES OF INCOME, SUCH AS MAJOR CONTRIBUTORS OR SUPPORTERS, OTHER GRANTS, PRIVATE ENDOWMENTS AND COMMERCIAL ACTIVITIES.
Restrictions
THE BOARD, AT ITS DISCRETION, MAY REFUSE TO MAKE ANY GRANTS OR CONTRIBUTIONS OR OTHER FINANCIAL ASSISTANCE. THE BOARD HAS THE DISCRETION TO WITHDRAW ITS APPROVAL OF ANY FUNDING AT ANY TIME. THE BOARD MAY DETERMINE WHEN TO REQUIRE THAT FUNDING RECIPIENTS FURNISH A PERIODIC AND/OR FINAL ACCOUNTING TO SHOW THAT THE FUNDS WERE EXPENDED FOR BOARD-APPROVED PURPOSES. IF INSUFFICIENT INFORMATION IS PROVIDED, THE BOARD MAY REQUEST FURTHER INFORMATION. ALL DECISIONS ARE AT THE SOLE DISCRETION OF THE BOARD. UNLESS OTHERWISE DETERMINED BY THE BOARD, AWARDED GRANTS MUST BE SPENT WITHIN ONE YEAR OF THE FUNDING DATE OR THE FUNDS MUST BE RETURNED. IN THE EVENT THAT THE ORIGINAL PURPOSE FOR WHICH THE GRANT WAS PROVIDED CANNOT BE ACCOMPLISHED BECAUSE OF UNFORESEEN EVENTS OR CIRCUMSTANCES, GRANT FUNDS WILL BE RETURNED TO THE FOUNDATION. ANY REQUESTS TO CHANGE THE PURPOSE OF THE GRANT MUST BE SUBMITTED IN WRITING TO THE BOARD, AND CHANGE REQUESTS MUST BE SUBMITTED AND APPROVED PRIOR TO USE OF THE FUNDS.
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2020 | N/A | $2.5M | $2.5M | N/A |
| 2021 | N/A | $2.7M | $56K | N/A |
| 2023 | $154K | $4.2M | $808K | 87 |
| 2024 | $197K | $4.3M | $129K | 174 |
Grant Size Distribution
Based on 261 grants on record
Minimum
$25
25th Pctl
$250
Median
$750
Average
$1K
75th Pctl
$2K
Maximum
$20K
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| AMY C VITALE | PRESIDENT & CHIEF EXECUTIVE OFFICER | — |
| GREGG C TUMEINSKI | TREASURER & CHIEF FINANCIAL OFFICER | — |
| RAJANI MAHADEVAN | VICE PRESIDENT & SECRETARY | — |
| SHANNON L BROADBENT | DIRECTOR | — |
| RAYMOND C COIA | DIRECTOR | — |
| RICHARD LENTO | DIRECTOR | — |
| MICHELLE PELLETIER | DIRECTOR | — |
| BRIAN J SPERO | DIRECTOR | — |
| PAMELA L ALARIE | DIRECTOR (TO FEB '23) | — |
| SHANNON BROADBENT | DIRECTOR (FROM FEB '23) | — |
| GREGG TUMEINSKI | CFO & TREASURER | — |
Grants Awarded (261 total)
| Recipient | Location | Amount | Purpose | Year |
|---|---|---|---|---|
| RHODE ISLAND INSTITUTE FOR LABOR STUDIES AND RESEARCH | CRANSTON, RI | $20,000 | GENERAL SUPPORT | 2024 |
| RHODE ISLAND INSTITUTE FOR LABOR STUDIES AND RESEARCH | CRANSTON, RI | $20,000 | GENERAL SUPPORT | 2023 |
| MAKE A WISH FOUNDATION OF MA AND RI | BOSTON, MA | $12,000 | GENERAL SUPPORT | 2024 |
| RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION | PROVIDENCE, RI | $10,000 | GENERAL SUPPORT | 2024 |
| RHODE ISLAND FOUNDATION | PROVIDENCE, RI | $7,500 | GENERAL SUPPORT | 2024 |
| RHODE ISLAND COMMUNITY FOOD BANK ASSOCIATION | PROVIDENCE, RI | $6,725 | GENERAL SUPPORT | 2023 |
| CROSSROADS RHODE ISLAND | PROVIDENCE, RI | $5,500 | GENERAL SUPPORT | 2023 |
| RHODE ISLAND CPCU SCHOLARSHIP FUND | LINCOLN, RI | $5,000 | GENERAL SUPPORT | 2024 |
| DR MARTIN LUTHER KING JR COMMUNITY CENTER | NEWPORT, RI | $5,000 | GENERAL SUPPORT | 2024 |
| GREGGS GIVING TREE INC | EAST GREENWICH, RI | $5,000 | GENERAL SUPPORT | 2024 |
| CROSSROADS RHODE ISLAND | PROVIDENCE, RI | $5,000 | GENERAL SUPPORT | 2024 |
| RHODE ISLAND CPCU SCHOLARSHIP FUND | LINCOLN, RI | $5,000 | GENERAL SUPPORT | 2023 |
| MEETING STREET | PROVIDENCE, RI | $4,000 | GENERAL SUPPORT | 2024 |
| COMMUNITY COLLEGE OF RHODE ISLAND FOUNDATION | LINCOLN, RI | $4,000 | GENERAL SUPPORT | 2023 |
| MEETING STREET | PROVIDENCE, RI | $4,000 | GENERAL SUPPORT | 2023 |
| GREGGS GIVING TREE INC | EAST GREENWICH, RI | $3,500 | GENERAL SUPPORT | 2023 |
| SPECIAL OLYMPICS RHODE ISLAND | SMITHFIELD, RI | $3,400 | GENERAL SUPPORT | 2023 |
| HOPEHEALTH HOSPICE AND PALLIATIVE CARE RI | PROVIDENCE, RI | $3,200 | GENERAL SUPPORT | 2023 |
| OPERATION STAND DOWN RHODE ISLAND | JOHNSTON, RI | $3,100 | GENERAL SUPPORT | 2023 |
| WE SHARE HOPE | RUMFORD, RI | $3,000 | GENERAL SUPPORT | 2023 |
| FARM FRESH RHODE ISLAND | PROVIDENCE, RI | $3,000 | GENERAL SUPPORT | 2024 |
| AMERICAN HEART ASSOCIATION | PROVIDENCE, RI | $2,900 | GENERAL SUPPORT | 2023 |
| DORCUS INTERNATIONAL INSTITUTE OF RI | PROVIDENCE, RI | $2,900 | GENERAL SUPPORT | 2023 |
| SOJOURNER HOUSE INC | PROVIDENCE, RI | $2,900 | GENERAL SUPPORT | 2023 |
| BOYS AND GIRLS CLUBS OF WARWICK | WARWICK, RI | $2,700 | GENERAL SUPPORT | 2023 |