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Kinesis Inc. is a private corporation based in SAN JUAN, PR. The foundation received its IRS ruling in 2010. It holds total assets of $19.3M. Annual income is reported at $3.6M. Total assets have grown from $10.5M in 2010 to $16.8M in 2022. The foundation is governed by 6 officers and trustees. Tax records are available from 2021 to 2023. According to available records, Kinesis Inc. has made 7 grants totaling $6.8M, with a median grant of $1.1M. Annual giving has decreased from $2.8M in 2021 to $701K in 2023. Grantmaking activity was highest in 2022 with $3.2M distributed across 4 grants. Individual grants have ranged from $476K to $1.4M, with an average award of $965K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in PR. Contributions to this foundation are tax-deductible.
Kinesis Inc. — publicly known as Kinesis Foundation or Fundación Kinesis — is a scholarship-granting private foundation headquartered in San Juan, Puerto Rico that has operated since 2004. Its giving model differs fundamentally from traditional grant-making foundations: Kinesis does not issue open RFPs for programmatic grants to external nonprofits. Instead, it delivers resources directly through two structured programs and a growing portfolio of co-branded scholarship partnerships.
The foundation's board is led by Chairman Miguel Fernandez Richards, with José E. Fernandez Bjerg serving as President and José Cruz Torres as paid Executive Director ($115,000 compensation in FY2022). This family-anchored governance provides institutional stability and a highly consistent mission focus, but it also means that new institutional relationships typically develop through personal introductions rather than cold outreach.
For individual students — the primary constituency — Kinesis favors high-achieving scholars from financially limited Puerto Rican families who aspire to top-tier universities. Application restrictions specify a minimum cumulative GPA of 3.5 and preference for students admitted to one of the top 100 U.S. universities, reflecting the foundation's ambition to connect Puerto Rican talent to globally competitive academic environments. IRS 990 grantee records confirm the self-contained model: the vast majority of disbursements flow through an internal scholarship fund ('Scholarships To Students STM Att') and the affiliated Kinesis IT Academy — there are no open grants to unaffiliated nonprofits in the public record.
Organizations with a realistic path to a Kinesis relationship fall into three categories: (1) Puerto Rico-based educational nonprofits or family donors that want to establish a co-branded named scholarship — like the existing Fonalledas Foundation agricultural sciences scholarship and Hugh Andrews hospitality scholarship, both hosted on Kinesis's AcademicWorks platform; (2) universities and colleges seeking to facilitate Kinesis scholars' enrollment; and (3) employers and professional associations in Puerto Rico interested in sponsoring internship or workforce-entry tracks for scholars in their final two academic years.
First-time applicants at any level must lead with mission alignment. The foundation's core requirement — that recipients commit to contributing to Puerto Rico's socioeconomic development — is substantive. Reviewers assess whether an applicant has a credible, specific plan to return value to the island. Naming concrete industries, challenges, and post-degree roles in Puerto Rico distinguishes competitive applications from otherwise qualified but generic ones.
Analysis of Kinesis Inc.'s IRS 990 filings from 2010 through 2022 reveals a foundation whose annual giving has grown substantially over its operational history, with a significant peak in 2018 followed by a meaningful contraction.
Total program expenditures grew from $828,422 in 2010 to a peak of $4,155,178 in FY2018 — a nearly five-fold increase over eight years. Since 2018, annual giving has trended downward: $3,875,549 (2019), $3,276,429 (2020), $3,666,557 (2021), and $2,418,901 (2022). The five-year average (2018–2022) is approximately $3.48M, with a median of $3.28M (FY2020). This contraction likely reflects COVID-related fundraising disruptions and post-peak normalization rather than a strategic retreat.
Direct scholarship disbursements ('grants_paid' in 990 filings) represent a subset of total program spending. In FY2022, direct grants paid totaled $700,854 against $2.42M in total program expenditures — the gap representing Bright Stars operating costs ($476,153 in program expenses) and scholarship program administration ($1,128,042). In FY2021, direct grants paid reached $1,604,195 out of $3.67M total. This means Kinesis's programmatic reach is substantially larger than direct grant disbursements alone suggest.
At the individual award level, Kinesis scholarships range from $2,500 to $5,000 annually per student, renewable for four to five years depending on degree level. For scholars attending mainland U.S. universities, the average total annual financial aid package — combining Kinesis support with federal aid and other sources — reaches $67,800. During the 2025–26 academic year, the foundation supported more than 550 active scholars and disbursed approximately $1 million in scholarship funding.
IRS-documented grantee records show 7 aggregate grant transactions totaling $6,756,744 (average: $965,249 per transaction): $5,804,438 across 5 transactions to the core scholarship fund, and $952,306 across 2 transactions to the Kinesis IT Academy. All tracked grants are directed to Puerto Rico recipients — a 100% geographic concentration on the island.
Foundation assets stood at $16,763,150 in FY2022, supported by $1,830,156 in contributions received and $243,302 in net investment income. Revenue is heavily dependent on contributed income, making the annual gala and major donor relationships critical leading indicators of future giving capacity.
Kinesis Inc. occupies a distinctive niche among mid-sized foundations sharing the NTEE 'Human Services' classification. Its five closest peers by asset size range from $12.9M to $25.6M in assets, but differ substantially in geography, program model, and accessibility.
| Foundation | State | Assets | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|---|
| Kinesis Inc. | PR | $16.8M | $2.4M (FY2022) | Student scholarships, college access | Student applications (Mar–May annually) |
| Young Americans Education Foundation | CO | $19.9M | Not publicly disclosed | Education | Unknown — no public website |
| Jiem Education Initiative Foundation | NY | $22.3M | Not publicly disclosed | Education/Human Services | Unknown — no public website |
| Foundation at Shield Ranch | TX | $14.7M | Not publicly disclosed | Human Services | Unknown — no public website |
| Camp War Eagle Inc. | TX | $25.6M | Not publicly disclosed | Youth programs/camp | campwareagle.org |
| Second Family Foundation | NC | $12.9M | Not publicly disclosed | Human Services | second.org |
Kinesis stands apart from this peer group on three dimensions. First, its exclusive geographic concentration in Puerto Rico — maintained for 22 years — produces institutional knowledge of local schools, employers, and university pipelines that broadly-focused foundations cannot replicate. Second, its dual-pipeline model (Bright Stars for 9th–11th graders, Kinesis Scholarship for college and graduate students) provides a continuity of support rare at this asset level. Third, its active public fundraising model — including an annual gala that raised $340,000 in the most recent cycle — generates community accountability and philanthropic visibility that purely endowment-driven peers lack. Among foundations of comparable asset size, Kinesis's $15.7M in cumulative disbursements represents an exceptional impact depth per dollar held.
Kinesis Foundation entered 2026 with strong fundraising momentum. On December 17, 2025, The 20/22 Act Society donated $150,000 to the foundation at its Holiday Gathering in San Juan, directly expanding scholarship capacity for the 2026–27 academic year. The foundation's annual gala, 'The Power of Opportunity,' held at the Condado Vanderbilt Hotel in San Juan during 2025, raised more than $340,000 — reflecting continued corporate and philanthropic support from Puerto Rico's business community.
For the 2025–26 academic year, Kinesis actively supported more than 550 scholars across bachelor's, master's, and doctoral programs, disbursing approximately $1 million in scholarship funding. The 2026–27 application cycle ran from March 15 to May 15, 2026, consistent with the foundation's established spring window. Bright Stars applications for incoming 9th–11th grade students opened concurrently.
Since inception, the foundation has surpassed two cumulative milestones: more than $15.7 million in total scholarship disbursements and more than 1,253 Bright Stars graduates enrolled in top-tier universities. Executive Director José Cruz Torres provides consistent operational leadership; the board remains closely tied to the Fernandez family, with Miguel Fernandez Richards as Chairman and José E. Fernandez Bjerg as President — providing long-term institutional continuity.
No leadership transitions or major program discontinuations were announced publicly in the 2025–26 period. Existing co-managed scholarship partnerships with the Fonalledas Foundation (agricultural sciences), the Hugh Andrews family (hospitality and tourism), and the University of Notre Dame (doctoral fellowships at $34,875–$42,000 annually) all remain active on the AcademicWorks platform.
For individual students — Kinesis's primary constituency — the following strategies improve competitive standing based on the foundation's stated criteria and observed program structure:
Time the application window precisely. The AcademicWorks portal (kinesispr.academicworks.com) opens March 15 and closes May 15 each year. Early submission is advantageous: it allows time to resolve document upload errors and demonstrates organizational readiness. Set a calendar reminder for October 1 (FAFSA opening day) and March 1 (document preparation sprint).
Meet the GPA threshold without exception. The foundation's stated minimum is a 3.5 cumulative GPA, with a preference for students admitted to top-100 U.S. universities. Applications below either threshold are not competitive in the Kinesis Scholarship cycle. Students who fall short should pursue the Bright Stars program (for 9th–11th graders with 3.5 GPA) to build their profile before applying for the college scholarship.
Write a Puerto Rico-specific development essay. The required essay must explain how your post-degree career will contribute to Puerto Rico's socioeconomic development. Reviewers distinguish between vague commitment statements and credible, grounded plans. Name specific sectors — biosciences, technology, public health, renewable energy — identify concrete island challenges, and describe a realistic post-graduation contribution. A 500-word essay with two to three specific examples outperforms a longer essay of generalities.
Prepare financial documentation before March 15. Required documents include your FAFSA SAR, official transcript, university admission letter, and prior-year tax forms demonstrating financial need. File FAFSA no later than December of the prior year and retain your SAR before the portal opens.
Stack applications across partner scholarships on the same platform. Students majoring in agricultural sciences, forestry, or animal sciences should also apply for the Fonalledas Foundation scholarship (3.0 GPA minimum). Hospitality and tourism majors should apply for the Hugh Andrews Scholarship. Doctoral applicants should separately explore the Notre Dame fellowship. All are accessible through the same AcademicWorks portal.
For organizations pursuing a partnership: Contact info@kinesispr.org directly, propose specific eligibility criteria and a funding commitment level, and reference the Fonalledas and Hugh Andrews co-branded scholarships as structural precedents. A board member introduction substantially improves response rates.
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Scholarships program - aims to provide scholarships to qualified talented youth in order for them to pursudeundergraduate and graduate studies in puerto rico and abroad.
Expenses: $1.1M
Bright stars program- aims to provide junior high and high school student's assistance and counseling to prepare such students for a successful college carrer. Expand opportunity to puerto rico's students by inspiring the students to take charge of their future college careers by providing access to key people and resources, including college admittance test. (i.e. Sat) and other graduate school admission test.
Expenses: $476K
Analysis of Kinesis Inc.'s IRS 990 filings from 2010 through 2022 reveals a foundation whose annual giving has grown substantially over its operational history, with a significant peak in 2018 followed by a meaningful contraction. Total program expenditures grew from $828,422 in 2010 to a peak of $4,155,178 in FY2018 — a nearly five-fold increase over eight years. Since 2018, annual giving has trended downward: $3,875,549 (2019), $3,276,429 (2020), $3,666,557 (2021), and $2,418,901 (2022). The f.
Kinesis Inc. has distributed a total of $6.8M across 7 grants. The median grant size is $1.1M, with an average of $965K. Individual grants have ranged from $476K to $1.4M.
Kinesis Inc. — publicly known as Kinesis Foundation or Fundación Kinesis — is a scholarship-granting private foundation headquartered in San Juan, Puerto Rico that has operated since 2004. Its giving model differs fundamentally from traditional grant-making foundations: Kinesis does not issue open RFPs for programmatic grants to external nonprofits. Instead, it delivers resources directly through two structured programs and a growing portfolio of co-branded scholarship partnerships. The foundati.
Kinesis Inc. is headquartered in SAN JUAN, PR.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jose Cruz Torres | EXECUTIVE DI | $115K | $0 | $115K |
| Antonio Luis Ferre | VICE-CHAIRMA | $0 | $0 | N/A |
| Angel Rivera | TREASURER | $0 | $0 | N/A |
| Jacobo Ortiz | SECRETARY | $0 | $0 | N/A |
| Rafael Aragunde Torres | DIRECTOR | $0 | $0 | N/A |
| Miguel Fernandez Richards | CHAIRMAN, PR | $0 | $0 | N/A |
Total Giving
$2.4M
Total Assets
$16.8M
Fair Market Value
$16.8M
Net Worth
$16.1M
Grants Paid
$701K
Contributions
$1.8M
Net Investment Income
$243K
Distribution Amount
$676K
Total: $8.8M
Total Grants
7
Total Giving
$6.8M
Average Grant
$965K
Median Grant
$1.1M
Unique Recipients
2
Most Common Grant
$1.4M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Scholarships To Students Stm AttEDUCATION AND SCHOLARSHIPS | San Juan, PR | $701K | 2023 |
| From Kinesis Inc To Kinesis It AcadBRIGHT STAR PROGRAM SERVICES | San Juan, PR | $476K | 2022 |