Our Blog RSS

The latest news and occasional commentary about what’s happening at the Foundation and around our great state. 

Rhode Island Foundation Blog


We are proud to be part of the Rhode Island community! Follow our blog for the latest news and occasional commentary about what’s happening at the Foundation and around our great state.

Murphy Family Fund
By Jean Cohoon / April 3, 2015 /   Loading Disqus...
“The Foundation provides a very efficient way to handle your philanthropic giving,” believes Raymond F. Murphy, Jr., CPA, a principal with BlumShapiro, who established this donor advised fund. “It puts everything in one place, so it is easy to keep track of what you are doing. And, the earnings of the fund grow free of taxation. That is a huge benefit, as is the donation of appreciated securities when a fund is created.”

A CPA for more than 50 years, Ray was born and raised in Woonsocket. He graduated from the College of the Holy Cross with a degree in English. A stint in the Coast Guard followed, after which he entered Boston College Law School. When his father became ill, Ray took over the family accounting business, Murphy & Company. “That became my career. It just happened,” Ray explains.

He completed law school and took a course in accounting at Boston College. “I really got my education in law school. It shows you how to discriminate, and the study of law made me a much better accountant.”

Ray led Murphy & Company until 1991 when he joined Sullivan & Company. In 2013, the firm merged with BlumShapiro, the largest independent accounting firm in New England.

Ray is active in the community, currently serving as chair of the Board of Overseers of the Rhode Island Philharmonic Orchestra and Music School. He was an overseer at Boston College Law School, served as chair of the Business Development Company of Rhode Island for 20 years, and has served on the Board of Directors of the Providence Housing Authority, Providence Chamber of Commerce, and Roger Williams Medical Center.

His wife, Pamelee, has had a long career as a lawyer in many areas of public interest law. A graduate of Grinnell College in Iowa and The Dickinson School of Law in Pennsylvania, Pamelee has been recognized as an advocate for the arts.

Ray has four children and six grandchildren; Pamelee has two children. “The gifts we make support institutions we both care deeply about,” explains Pamelee. Their broad interests will benefit the community for years to come.
blog comments powered by Disqus

Featured Post

Read More »


LocationOne Union Station
Providence, RI 02903


(401) 274-4564

E-News Sign Up