Portas Family Foundation
EIN 814859315 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2018, the Foundation made distributions from assets from sources other than current income.Collectively, the distributions in excess of current income totaled $295,000. This amount represents 25% or more of the Foundation's net assets of $881,093 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2018. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
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 |
|---|---|---|---|---|
| 2018 | $295K | $542K | $31K | 3 |
| 2019 | N/A | $536K | $16K | N/A |
| 2020 | N/A | $555K | $-15K | N/A |
| 2021 | $30K | $530K | $3K | 2 |
| 2022 | $31K | $464K | $992 | 2 |
| 2023 | $35K | $437K | $-20K | 2 |
| 2024 | $25K | $315K | $-11K | 1 |
Grant Size Distribution
Based on 10 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (10 total)
| Purpose | ||||
|---|---|---|---|---|
| Southeastern Massachusetts Veterans Housing Progra | New Bedford, MA | $150,000 | 2018 Capital Campaign | 2018 |
| Diocese of Worcester | Worcester, MA | $100,000 | Our Lady of Loretto Parish | 2018 |
| Fairhaven High School Alumni Association Inc | Fairhaven, MA | $45,000 | Fairhaven High School and Hastings Middle School Music Programs | 2018 |
| University of Massachusetts Newman Center | Amherst, MA | $25,000 | General & Unrestricted | 2021 |
| University of Massachusetts Newman Center | Amherst, MA | $25,000 | General & Unrestricted | 2022 |
| University of Massachusetts Newman Center | Amherst, MA | $25,000 | General & Unrestricted | 2023 |
| University of Massachusetts Newman Center | Amherst, MA | $25,000 | General & Unrestricted | 2024 |
| Camp Southern Ground Inc | Fayetteville, GA | $10,000 | Warrior Week Veteran's Program | 2023 |
| Fairhaven High School Alumni Association Inc | Fairhaven, MA | $6,000 | Joseph St Pierre Memorial Scholarship Fund | 2022 |
| Fairhaven High School Alumni Association Inc | Fairhaven, MA | $5,000 | Joseph St Pierre Memorial Scholarship Fund | 2021 |
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