TY 2025 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2025

Open to Public Inspection

For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25

Name of foundation
NEWPORTFED CHARITABLE FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address) PO BOX 509
Room/suite

City or town
NEWPORT

State or province
RI

Country

ZIP or foreign postal code
02840

A Employer identification number

20-5140473

B Telephone number (see instructions)

4015966300

C If exemption application is pending, check here

G Check all that apply: Initial returnInitial return of a former public charity

Address change Name change

D 1. Foreign organizations, check here.............

2. Foreign organizations meeting the 85%
test, check here and attach computation ...

E If private foundation status was terminated
under section 507(b)(1)(A), check here .......

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here .......

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$4,515,750J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .................
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	110,116		110,116	110,116
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		179,907
b	Gross sales price for all assets on line 6a 647,317
7	Capital gain net income (from Part IV, line 2)...			179,907
8	Net short-term capital gain.........				57
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	290,023		290,023	110,173
13	Compensation of officers, directors, trustees, etc.	19,800		8,600		11,200
14	Other employee salaries and wages......	12,600				12,600
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	28,150	25,335		2,815
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	4,424	1,430
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	2,340	698		1,642
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	67,314		36,063		28,257
25	Contributions, gifts, grants paid.......	197,500				197,500
26	Total expenses and disbursements. Add lines 24 and 25 ................	264,814		36,063		225,757
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	25,209
b	Net investment income (if negative, enter -0-)			253,960
c	Adjusted net income (if negative, enter -0-)...				110,173

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2025)

Form 990-PF (2025)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	13,506	13,371	13,371
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,223,271	List of Attached Documents: // Content 3,248,615	4,502,379
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	3,236,777	3,261,986	4,515,750
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	3,236,777	3,261,986
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	3,236,777	3,261,986
	30	Total liabilities and net assets/fund balances (see instructions).	3,236,777	3,261,986

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

3,236,777

Enter amount from Part I, line 27a .....................

25,209

Other increases not included in line 2 (itemize)

Add lines 1, 2, and 3 ..........................

3,261,986

Decreases not included in line 2 (itemize)

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..

3,261,986

Form 990-PF (2025)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	SEE SCHEDULE ATTACHED - ST GAINS	P	2025-01-01	2025-01-01
b	SEE SCHEDULE ATTACHED - LT GAINS	P	2001-01-01	2025-01-01
c	Capital Gain Dividends
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	5,805	5,748	57
b	634,265	461,662	172,603
c			7,247
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			57
b			172,603
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	179,907
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 .........................		3	57

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	3,530
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	3,530
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	3,530
6	Credits/Payments:

a	2025 estimated tax payments and 2024 overpayment credited to 2025	6a	1,654
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	4,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,654
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,124
11	Enter the amount of line 10 to be: Credited to 2026 estimated tax2,124	Refunded	11
	For Refunded amount, also complete and attach Form 8050. See instructions.

Form 990-PF (2025)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. $ (2) On foundation managers.$

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers.$

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

DE, RI

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

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 2025 or the taxable year beginning in 2025? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website addressN/A

The books are in care ofARTHUR H LATHROP Telephone no. (401) 596-6300

Located atPO BOX 511WESTERLYRI ZIP+4028910511

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........

and enter the amount of tax-exempt interest received or accrued during the year ........

16 At any time during calendar year 2025, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country

Form 990-PF (2025)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2025? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2025, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2025?....................

If "Yes," list the years 20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2025 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Form 4720, Schedule C, to determine

if the foundation had excess business holdings in 2025.).....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2025? ..

Form 990-PF (2025)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check .........

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
KEVIN M MCCARTHY	President 1.00	2,400
39 THELMA WAY SCITUATE,MA02066	President 1.00	2,400
ARTHUR H LATHROP	Treasurer 2.00	5,400
PO BOX 511 WESTERLY,RI02891	Treasurer 2.00	5,400
JUDY TUCKER	Secretary 1.00	2,400
106 BEACON ST MIDDLETOWN,RI02842	Secretary 1.00	2,400
ALICIA S QUIRK	Director 1.00	2,400
227 COREY LN MIDDLETOWN,RI02842	Director 1.00	2,400
KELLY LEE	Director 1.00	2,400
3 EVERGREEN CT COVENTRY,RI02816	Director 1.00	2,400
MARK STENNING	Director 1.00	2,400
97 NARRAGANSETT AVE M-5 NEWPORT,RI02840	Director 1.00	2,400
MICHAEL HAYES	Director 1.00	2,400
16 RUGGLES AVE NEWPORT,RI02840	Director 1.00	2,400

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2025)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3.........................

Form 990-PF (2025)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

4,273,280

Average of monthly cash balances.......................

15,243

Fair market value of all other assets (see instructions)................

Total (add lines 1a, 1b, and 1c).......................

4,288,523

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

4,288,523

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

64,328

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

4,224,195

Minimum investment return. Enter 5% (0.05) of line 5 ................

211,210

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)

Minimum investment return from Part IX, line 6..................

211,210

Tax on investment income for 2025 from Part V, line 5 .......

3,530

Income tax for 2025. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

3,530

Distributable amount before adjustments. Subtract line 2c from line 1............

207,680

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

207,680

Deduction from distributable amount (see instructions) .................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

207,680

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, line 26, column (d) ..........

225,757

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

225,757

Form 990-PF (2025)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(d) 2025
1 Distributable amount for 2025 from Part X, line 7			207,680
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2025:
a From 2020......	144,165
b From 2021......	6,942
c From 2022......	39,640
d From 2023......	69,096
e From 2024......	9,589
f Total of lines 3a through e ........		269,432
4Qualifying distributions for 2025 from Part
XI, line 4: $ 225,757
a Applied to 2024, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions) .....
c Treated as distributions out of corpus (Election required—see instructions) ........		0
d Applied to 2025 distributable amount.....			207,680
e Remaining amount distributed out of corpus		18,077
5 Excess distributions carryover applied to 2025.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		287,509
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2024. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2025. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2026 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2020 not applied on line 5 or line 7 (see instructions) ...		144,165
9 Excess distributions carryover to 2026. Subtract lines 7 and 8 from line 6a ......		143,344
10 Analysis of line 9:
a Excess from 2021 ....	6,942
b Excess from 2022 ....	39,640
c Excess from 2023 ....	69,096
d Excess from 2024 ....	9,589
e Excess from 2025 ....	18,077

Form 990-PF (2025)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2025, enter the date of the ruling ......

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2025	(b) 2024	(c) 2023	(d) 2022	(e) Total

b 85% (0.85) of line 2a .......
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, 3b, or 3c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, 2b, 2c, and 2d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

NEWPORTFED CHARITABLE FOUNDATION
PO BOX 509
NEWPORT,RI028400500
(401) 596-6300
admin@newportfedfoundation.org

bThe form in which applications should be submitted and information and materials they should include:

A LETTER DESCRIBING (1) THE PROPOSED PURPOSE FOR THE GRANT, (2) THE OPERATIONS/HISTORY OF THE PETITIONING ORGANIZATION AND (3) THE ORGANIZATION'S EXEMPT STATUS.

cAny submission deadlines:

SEE WWW.NEWPORTFEDFOUNDATION.ORG

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

NONE

Form 990-PF (2025)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BIKE NEWPORT 62 BROADWAY NEWPORT,RI02840	NONE		PROGRAM SUPPORT	1,000
BOYS CLUBS GIRLS CLUBS OF NEWPORT C 95 CHURCH ST NEWPORT,RI02840	NONE		PROGRAM SUPPORT	10,000
CHILD FAMILY SERVICES OF NEWPORT CT 31 JOHN CLARKE RD MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	5,000
IYRS SCHOOL OF TECHNOLOGY TRADES 449 THAMES ST STE 111 NEWPORT,RI02840	NONE		PROGRAM SUPPORT	2,500
THE JONNYCAKE CENTER INC FOR HOPE 22 KERSEY RD PEACE DALE,RI02879	NONE		PROGRAM SUPPORT	10,000
RHODE ISLAND ARTS FND AT NEWPORT PO BOX 3303 NEWPORT,RI02840	NONE		PROGRAM SUPPORT	2,500
ST VINCENT DE PAUL - WESTERLY PO BOX 1014 WESTERLY,RI02891	NONE		PROGRAM SUPPORT	10,000
ST VINCENT DE PAUL - ST JOSEPH'S 5 MANN AVE NEWPORT,RI02840	NONE		PROGRAM SUPPORT	10,000
RI PHILHARMONIC ORCHESTRA MUSIC SCH 667 WATERMAN AVE EAST PROVIDENCE,RI02914	NONE		PROGRAM SUPPORT	5,000
MARTIN LUTHER KING COMMUNITY CENTER 20 DR MARCUS F WHEATLAND BLVD NEWPORT,RI02840	NONE		PROGRAM SUPPORT	10,000
FRANK OLEAN CENTER 93 AIRPORT RD WESTERLY,RI02891	NONE		PROGRAM SUPPORT	5,000
FROSTY DREW MEMORIAL FUND PO BOX 160 CHARLESTOWN,RI02813	NONE		PROGRAM SUPPORT	1,500
JOHN CLARKE RETIREMENT CENTER 600 VALLEY RD MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	2,000
MEALS ON WHEELS OF RI 70 BATH ST PROVIDENCE,RI02940	NONE		PROGRAM SUPPORT	2,000
NEWPORT COUNTY YMCA 792 VALLEY RD MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	10,000
NEWPORT TREE CONSERVANCY PO BOX 863 NEWPORT,RI02840	NONE		PROGRAM SUPPORT	2,500
NEWPORT-FALL RIVER STAR KIDS SCHOLA PO BOX 6214 MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	3,000
NORMAN BIRD SANCTUARY TRUST 583 THIRD BEACH RD MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	4,000
OCEAN COMMUNITY YMCA 95 HIGH ST WESTERLY,RI02891	NONE		PROGRAM SUPPORT	2,500
THE SALVATION ARMY - NEWPORT CORPS 51 MEMORIAL BLVD NEWPORT,RI02840	NONE		PROGRAM SUPPORT	12,000
SAVE THE BAY 100 SAVE THE BAY DR PROVIDENCE,RI02905	NONE		PROGRAM SUPPORT	5,000
THE SHARING LOCKER 119 KENYON AVE EAST GREENWICH,RI02818	NONE		PROGRAM SUPPORT	3,000
WESTERLY AREA REST MEALS WARM CENTE 56 SPRUCE ST WESTERLY,RI02891	NONE		PROGRAM SUPPORT	5,000
BOYS TOWN NEW ENGLAND 58 FLANAGAN RD PORTSMOUTH,RI02871	NONE		PROGRAM SUPPORT	2,000
GIRLS ON THE RUN RHODE ISLAND PO BOX 72787 PROVIDENCE,RI02907	NONE		PROGRAM SUPPORT	5,000
SAIL TO PREVAIL 86 THAMES ST PO BOX 1264 NEWPORT,RI02840	NONE		PROGRAM SUPPORT	2,000
JONNYCAKE CENTER OF WESTERLY 23 INDUSTRIAL DR WESTERLY,RI02891	NONE		PROGRAM SUPPORT	15,000
WESTMINSTER YOUTH STRING ENSEMBLE 64 WESTMINSTER ST WESTERLY,RI02891	NONE		PROGRAM SUPPORT	2,500
EASTERN RI CONSERVATION DISTRICT PO BOX 158 TIVERTON,RI02878	NONE		PROGRAM SUPPORT	1,500
JAMESTOWN ARTS CENTER 18 VALLEY ST PO BOX 97 JAMESTOWN,RI02835	NONE		PROGRAM SUPPORT	1,500
JUNIOR ACHIEVEMENT OF RI 3205 POST RD 7549 WARWICK,RI02886	NONE		PROGRAM SUPPORT	1,000
NEWPORT HOSPITAL 11 FRIENDSHIP ST NEWPORT,RI02840	NONE		PROGRAM SUPPORT	5,000
CHORUS OF WESTERLY 117 HIGH ST WESTERLY,RI02891	NONE		PROGRAM SUPPORT	2,500
WESTERLY SENIOR CITIZENS CENTER 39 STATE ST WESTERLY,RI02891	NONE		PROGRAM SUPPORT	3,000
TOMAQUAG MUSEUM 390A SUMMIT RD EXETER,RI02822	NONE		PROGRAM SUPPORT	2,500
GIRL SCOUTS OF SOUTHEASTERN NE 500 GREENWICH AVE WARWICK,RI02886	NONE		PROGRAM SUPPORT	2,000
NEWPORT CONTEMPORARY BALLET 3 CHARLES ST NEWPORT,RI02840	NONE		PROGRAM SUPPORT	1,000
VISITING NURSE HOME HOSPICE 438 E MAIN RD 100 MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	5,000
NEWPORT SINGS PO BOX 3923 NEWPORT,RI02840	NONE		PROGRAM SUPPORT	5,000
NEWPORT STRING PROJECT 16 WARNER ST NEWPORT,RI02840	NONE		PROGRAM SUPPORT	2,500
ST PETER'S CHURCH 72 CENTRAL ST NARRAGANSETT,RI02882	NONE		PROGRAM SUPPORT	1,000
FAMILY SERVICE OF RHODE ISLAND 134 THURBERS AVE PROVIDENCE,RI02905	NONE		PROGRAM SUPPORT	10,000
JAMESTOWN COMMUNITY FARM 40 ELDRED AVE JAMESTOWN,RI02835	NONE		PROGRAM SUPPORT	1,500
NEWPORT MENTAL HEALTH 42 VALLEY RD MIDDLETOWN,RI02842	NONE		PROGRAM SUPPORT	2,500
Total ................................. 3a				197,500

bApproved for future payment

Total ................................. 3b

Form 990-PF (2025)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....			14	110,116
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	7,304	172,603
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				117,420	172,603

13Total. Add line 12, columns (b), (d), and (e)..................

290,023

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2025)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2025)

Additional Data

Software ID:	25022934
Software Version:	2025v4.1

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2025 InvestmentsCorpStockSchedule

Name:

NEWPORTFED CHARITABLE FOUNDATION

EIN:

20-5140473

Software ID:

25022934

Software Version:

2025v4.1

Name of Stock	End of Year Book Value	End of Year Fair Market Value
MARKETABLE SECURITIES - SEE ATTACHED	3,248,615	4,502,379

- TIN:

TY 2025 OtherExpensesSchedule

Name:

NEWPORTFED CHARITABLE FOUNDATION

EIN:

20-5140473

Software ID:

25022934

Software Version:

2025v4.1

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
LIABILITY INSURANCE	698	698
OTHER ADMINISTRATIVE EXPENSES	1,642			1,642

- TIN:

TY 2025 OtherProfessionalFeesSchedule

Name:

NEWPORTFED CHARITABLE FOUNDATION

EIN:

20-5140473

Software ID:

25022934

Software Version:

2025v4.1

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
INVESTMENT MGMT FEES	28,150	25,335	0	2,815

- TIN:

TY 2025 TaxesSchedule

Name:

NEWPORTFED CHARITABLE FOUNDATION

EIN:

20-5140473

Software ID:

25022934

Software Version:

2025v4.1

Category	Amount	Net Investment Income
4	3,000
FOREIGN TAXES PAID	1,430	1,430
IRS TAX REFUND	6