Prospect Foundation Inc
EIN 472627091 Private FoundationAbout
Reasonable Cause Statement and Request for FirstTime Penalty Abatement We submitted Form 990PF on 10152025 however the return was rejected without any clear rejection notice or alert in the TaxAct systemTherefore we did not know the true filing status of this return until we want to submit other returns on 11122025 The Foundation has had no penalties in the past three years and has consistently filed and paid on time We respectfully request latefiling penalty relief based on reasonable cause and the IRS FirstTime Abatement policy
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $1K | $678K | $450K | 1 |
| 2020 | $26K | $1.8M | $262K | 6 |
| 2021 | $53K | $2.4M | $536K | 4 |
| 2022 | $27K | $2.2M | $669K | 5 |
| 2023 | $49K | $2.7M | $269K | 6 |
| 2024 | $69K | $3.4M | $399K | 5 |
Grant Size Distribution
Based on 27 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (27 total)
| Purpose | ||||
|---|---|---|---|---|
| The Futures Initiative | Washington, DC | $40,000 | Charitable | 2021 |
| Future Initiative | West Lafayette, IN | $34,000 | charitable | 2024 |
| Indiana University | Bloomington, IN | $12,000 | Educational | 2022 |
| Stuart Country Day School in New Jersey | Princeton, NJ | $12,000 | Educational | 2023 |
| Indiana University | Bloomington, IN | $11,000 | Educational | 2023 |
| Kronos Quartet Kronos Performing Arts Association in California | San Francisco, CA | $10,000 | Charitable | 2022 |
| Park Tudor School | Indianapolis, IN | $10,000 | Educational | 2020 |
| The Futures Initiative | Washington, DC | $10,000 | Charitable | 2020 |
| Park Tudor School | Indianapolis, IN | $10,000 | Educational | 2021 |
| Kronos Quartet Kronos Performing Arts Association in California | San Francisco, CA | $10,000 | Charitable | 2023 |
| Emory University | Atlanta, GA | $10,000 | Educational | 2023 |
| Stuart Country Day School in New Jersey | Princeton, NJ | $10,000 | Educational | 2024 |
| Indiana University Foundation | Bloomington, IN | $10,000 | charitable | 2024 |
| Emory University | Atlanta, GA | $10,000 | Educational | 2024 |
| New York Medical College | Valhalla, NY | $5,000 | Educational | 2023 |
| New York Medical College | Valhalla, NY | $5,000 | Educational | 2024 |
| Emory University | Atlanta, GA | $3,000 | Educational | 2020 |
| Logansport Memorial Hospital | Logansport, IN | $2,000 | Charitable | 2022 |
| Stuart Country Day School in New Jersey | Princeton, NJ | $2,000 | Educational | 2022 |
| Logansport Memorial Hospital | Logansport, IN | $2,000 | Charitable | 2021 |
| Franciscan Hospital Foundation in Indiana | Mishawaka, IN | $1,000 | Charitable | 2022 |
| Stuart School in NJ | Princeton, NJ | $1,000 | Educational | 2020 |
| Iu | Indianapolis, IN | $1,000 | Charitable | 2020 |
| Indiana University | Bloomington, IN | $1,000 | Educational | 2021 |
| Logansport Medical Hospital Foundation | Logansport, IN | $1,000 | Charitable | 2023 |
Looking for more funders like Prospect Foundation Inc? Open the free Texas funder database and search 178,000+ foundations by state, type, and giving size.
Want to compare open opportunities instead? Open the free Texas grant database for active grants from federal, state, foundation, and corporate funders.