3 Foundations that have given Small Business grants in Rhode Island

TO CONFRONT THE PROBLEM OF HOUSING ABANDONMENT AND PURCHASE, REHABILITATE AND CONSTRUCT HOMES AND APARTMENT COMPLEXES FOR LOW TO MODERATE INCOME FAMILIES IN PROVIDENCE, RI, AND THROUGHOUT RHODE ISLAND. IN ADDITION, THE ORGANIZATION OWNS AN OPERATES A SINGLE MEMBER LLC KNOWN AS TP 10, LLC THAT OWNS 41 APARTMENT UNITS OF LOW AND MODERATE INCOME HOUSING.

TO PERFORM VARIOUS CHARITABLE AND EDUCATIONAL FUNCTIONS SUCH AS PROVIDING AID TO FAMILIES WHO DEMONSTRATE FINANCIAL NEED TO THE BOARD OF DIRECTORS AND WHO HAVE SUFFERED A PERSONAL CRISIS, SUCH AS AN ILLNESS, DISEASE OR DISABILITY BORNE BY A FAMILY MEMBER. THE ORGANIZATION WILL ALSO PROVIDE DONATIONS IN SUPPORT OF EDUCATION SUCH AS THROUGH ENDOWMENT OF EDUCATIONAL SCHOLARSHIPS, DONATIONS TO PUBLIC AND PRIVATE EDUCATIONAL CAUSES AND TO ANY OTHER CHARITABLE CAUSE IN COMPLIANCE WITH THE INTERNAL REVENUE CODE AND THE REGULATIONS THERETO. ALL ACTIVITIES ENGAGED IN BY THE ORGANIZATION WILL QUALIFY AS A LAWFUL PURPOSE FOR WHICH AN ORGANIZATION MAY BE FORMED UNDER THE MASSACHUSETTS GENERAL LAWS, AS AMENDED, AND IN ACCORDANCE WITH THE PROVISIONS OF THE MASSACHUSETTS CORPORATIONS FOR CHARITABLE AND CERTAIN OTHER PURPOSES ACT.

MINORITY EDUCATION ENHANCEMENT