Perpetual Trust For Charitable Giving in Providence, Rhode Island (RI)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Unrelated Trade or Business Income
- Deductions Not Taken Elsewhere
- Other organizations in Rhode Island
| Perpetual Trust For Charitable Giving | |
| Employer Identification Number (EIN) | 046026301 |
| Name of Organization | Perpetual Trust For Charitable Giving |
| In Care of Name | Fleet Bank Of Ma Na |
| Address | PO BOX 1802, Providence, RI 02901-1802 |
| Activities | Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1959 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Trust |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000,000 to $49,999,999 |
| Income | $10,000,000 to $49,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $23,160,717 |
| Amount of Income | $14,291,717 |
| Form 990 Revenue Amount | $1,492,195 |
Non-representatives - add comments:
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,771,325 | $1,825,223 | $0 | |
| Contributions, gifts, grants, etc., received | $375 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $470,270 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $185 | |||
| Other | $1,300,495 | |||
| Total expenses and disbursements | $1,038,790 | $103,097 | $0 | $938,628 |
| Compensation of officers, directors, trustees, etc. | $134,440 | |||
| Total operating and administrative expenses | $188,319 | $103,097 | $88,157 | |
| Contributions, gifts, grants paid | $850,471 | |||
| Excess of revenue over expenses and disbursements | $732,535 | |||
| Net investment income | $1,722,126 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $20,738,640 | $21,630,012 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $19,959,282 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $779,358 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $20,738,640 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $1,300,495 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $34,443 |
| Total credits and payments | $36,931 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $24,126 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $12,805 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Overpayment | $2,488 |
| Amount to be credited to 2013 estimated tax | $2,488 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | Yes |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $21,576,817 |
| Net value of noncharitable-use assets | $21,253,160 |
| Minimum investment return | $1,062,658 |
| Distributable Amount (for 2012) | |
| Distributable amount | $1,027,721 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $1,027,721 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $955,681 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
| Unrelated Trade or Business Income (for 2008) | |||
| Income | Expenses | Net | |
|---|---|---|---|
| Total | $-2,138 | $0 | $-2,138 |
| Gross receipts or sales less returns and allowances | $0 | $0 | $0 |
| Cost of goods sold | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 |
| Capital gain net income | $-554 | $0 | $-554 |
| Net gain | $0 | $0 | $0 |
| Capital loss deduction for trusts | $0 | $0 | $0 |
| Income (loss) from partnerships and S corporations | $-1,584 | $0 | $-1,584 |
| Rent income | $0 | $0 | $0 |
| Unrelated debt-financed income | $0 | $0 | $0 |
| Interest, annuities, royalties, and rents from controlled organizations | $0 | $0 | $0 |
| Investment income of a section 501(c)(7), (9), or (17) organization | $0 | $0 | $0 |
| Exploited exempt activity income | $0 | $0 | $0 |
| Advertising income | $0 | $0 | $0 |
| Other income | $0 | $0 | $0 |
| Deductions Not Taken Elsewhere (for 2008) | |
| Total deductions | $0 |
| Compensation of officers, directors, and trustees | $0 |
| Salaries and wages | $0 |
| Repairs and maintenance | $0 |
| Bad debts | $0 |
| Interest | $0 |
| Taxes and licenses | $0 |
| Charitable contributions | $0 |
| Depreciation | $0 |
| Depletion | $0 |
| Contributions to deferred compensation plans | $0 |
| Employee benefit programs | $0 |
| Excess exempt expenses | $0 |
| Excess readership costs | $0 |
| Other deductions | $0 |
| Unrelated business taxable income | $0 |
| Unrelated business taxable income before net operating loss deduction | $-2,138 |
| Net operating loss deduction | $0 |
| Unrelated business taxable income before specific deduction | $-2,138 |
| Specific deduction | $0 |
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| Other organizations in Rhode Island | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | L G Balfour Foundation, Bank Of America | PO BOX 1802, Providence, RI 02901-1802 | RI | 1986-11 | $87,241,824 |
| 2 | Lewis Roraback Tr Ui 40-755792 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1980-06 | $7,849,981 |
| 3 | Miriam Shaw Fund 12331203 | PO BOX 1802, Providence, RI 02901-1802 | RI | 1985-09 | $2,660,055 |
| 4 | Mulvaney Fam Foundation Tr, Mulvaney Thomas P Ttee | PO BOX 1802, Providence, RI 02901-1802 | RI | 2001-12 | $1,003,180 |
| 5 | Museum Of Yachting Inc The | 449 Thames St Unit 111, Newport, RI 02840-6750 | RI | 1980-08 | $314,774 |
| 6 | Naval War College Foundation Inc | 686 Cushing Rd, Newport, RI 02841-1213 | RI | 1970-03 | $6,414,987 |
| 7 | Nella Grimm Fox Foundation Trust Ui | PO BOX 1802, Providence, RI 02901-1802 | RI | 1972-04 | $6,833,506 |
| 8 | New England Home Services | 405 Wilson Trl, Pascoag, RI 02859-1617 | RI | 2008-05 | $30,890 |
| 9 | Community Care Alliance | PO BOX 1700, Woonsocket, RI 02895-0856 | RI | 1966-12 | $19,309,298 |
| 10 | Pennfield School Inc | 110 Sandy Point Ave, Portsmouth, RI 02871-3512 | RI | 1971-09 | $3,640,969 |
| 11 | Perpetual Trust For Charitable Giving | PO BOX 1802, Providence, RI 02901-1802 | RI | 1959-10 | $14,291,717 |
| 12 | Perrin Foundation | 609 Beavertail Rd, Jamestown, RI 02835-2819 | RI | 1994-12 | $177,862 |
| 13 | Providence Performing Arts Center | 220 Weybosset Street, Providence, RI 02903-3707 | RI | 1978-06 | $41,406,076 |
| 14 | R I H Orthopaedic Foundation Inc | PO BOX 578, Providence, RI 02901-0578 | RI | 1983-11 | $2,319,062 |
| 15 | Rhode Island Historical Society | 110 Benevolent St, Providence, RI 02906-3152 | RI | 1925-04 | $8,691,480 |
| 16 | Riverwood Mental Health Services | 25 Railroad Ave, Warren, RI 02885-3206 | RI | 1998-06 | $5,482,072 |
| 17 | Sail Newport Inc | 60 Fort Adams Dr, Newport, RI 02840-4388 | RI | 1987-05 | $2,028,479 |
| 18 | Saint Elizabeth Manor East Bay | 1 Dawn Hl, Bristol, RI 02809-3903 | RI | 1992-05 | $13,012,330 |
| 19 | Save The Bay Inc | 100 Save The Bay Dr, Providence, RI 02905-5606 | RI | 1971-03 | $3,479,960 |
| 20 | Seamens Church Institute Of Newport R I | 18 Market Sq, Newport, RI 02840-3035 | RI | 1935-06 | $1,638,963 |
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