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Practice Foundation Inc. is a private corporation based in MYSTIC, CT. The foundation received its IRS ruling in 1968. The principal officer is Steven J Corso Cpa. It holds total assets of $248K. Annual income is reported at $98K. Total assets have grown from $83K in 2011 to $248K in 2024. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. According to available records, Practice Foundation Inc. has made 1 grants totaling $8K, with a median grant of $8K. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Practice Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in MD.
Practice Foundation Inc. has distributed a total of $8K across 1 grants. The median grant size is $8K, with an average of $8K. Individual grants have ranged from $8K to $8K.
Practice Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Practice Foundation Inc. is headquartered in MYSTIC, CT.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Allan R Schuman | President | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$248K
Fair Market Value
N/A
Net Worth
$248K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1
Total Giving
$8K
Average Grant
$8K
Median Grant
$8K
Unique Recipients
1
Most Common Grant
$8K
of 2020 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Humane Economy IncUnrestricted | Bethesda, MD | $8K | 2020 |