Alletta Morris Mcbean Charitable Trust

Organization Overview

Alletta Morris Mcbean Charitable Trust is located in La Quinta, CA. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alletta Morris Mcbean Charitable Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Alletta Morris Mcbean Charitable Trust generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Alletta Morris Mcbean Charitable Trust has awarded 128 individual grants totaling $15,405,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $89
Dividends & Interest $604,192
Net Rental Income$0
Net Gain on Sale of Assets $3,594,052
Capital Gain Net Income $4,192,258
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $55,388
Total Revenue $4,253,721

Grants Awarded

Over the last fiscal year, Alletta Morris Mcbean Charitable Trust has awarded $5,851,750 in support to 40 organizations.

Grant RecipientAmount

THE MARTIN LUTHER KING COMMUNITY CENTER INC

Org PageRecipient Profile

Newport, RI

PURPOSE: SUPPORT OF THE BUILDING HOPE CAPITAL CAMPAIGN

$1,000,000

BELMONT CHAPEL FOUNDATION

Org PageRecipient Profile

Newport, RI

PURPOSE: RESTORATION OF THE CHAPEL

$600,000

SAINT COLUMBA'S THE BERKELEY MEMORIAL CHAPEL

Org PageRecipient Profile

Middletown, RI

PURPOSE: RESTORATION OF THE CHAPEL ROOF

$300,000

LA FARGE RESTORATION FUND AT NEWPORT CONGREGATIONAL CHURCH

PURPOSE: REPAIRING AND COMPLETING THE RESTORATION OF ALL CEILING MURALS AFFECTED BY THE ORIGINAL PLASTERING'S INSTABILITY IN THE SANCTUARY

$300,000

NAVAL WAR COLLEGE FOUNDATION INC

Org PageRecipient Profile

Newport, RI

PURPOSE: TO UPGRADE AND DEVELOP COMMUNICATION INTERNAL STRUCTURES AND PROCESSES AND EXTERNAL MARKETING PRODUCTS TO BETTER SERVE THE COLLEGE

$300,000

RHODE ISLAND ARTS FOUNDATION AT NEWPORT INC

PURPOSE: ESTABLISHMENT OF A CAPITAL RESERVE CHALLENGE GRANT, RENTAL OR PURCHASE OF A 15-PASSENGER COMPANY VAN, FINANCIAL AND MANAGEMENT INFRASTRUCTURE, NEW EXECUTIVE DIRECTOR SEARCH

$275,000
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