Signore Family Charitable Trust

The Signore Family Charitable Trust, with an EIN of 453628689, is a philanthropic organization based in Newbury, Massachusetts. It operates as a private independent foundation, categorized under philanthropy, voluntarism, and grantmaking foundations.

Mission and Activities

The trust focuses on supporting community-focused initiatives by making modest annual contributions to non-profit entities. Its primary goal is to fund organizations that do good in the community through general grantmaking programs.

Financial Overview

As of recent years, the trust's financial activities reflect a reliance on contributions as its primary source of revenue. For instance, in the fiscal year ending December 2023, it reported $10,225 in contributions, making up 100% of its revenue. The trust disbursed $32,000 in grants during the same period[5]. In the fiscal year ending December 2022, it had total assets of approximately $37,776 and no liabilities[1].

Governance and Compensation

The trust is governed by key trustees, including Scott Signore and Jenna Signore, neither of whom received compensation in recent years[1].

Tax-Exempt Status

Donations to the Signore Family Charitable Trust are tax-deductible, reflecting its tax-exempt status as a charitable organization. The trust files Form 990 with the IRS annually to report its financial activities and governance[1].

Relationship with Signore Family Foundation

It appears there might be some confusion or overlap with the Signore Family Foundation, as both entities are involved in charitable activities. However, specific details about their relationship or operational differences are not clearly documented in available information.