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Profesta Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2019. The principal officer is % The Bollard Group. It holds total assets of $10.2M. Annual income is reported at $2.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Profesta Foundation has made 37 grants totaling $612K, with a median grant of $10K. The foundation has distributed between $275K and $337K annually from 2022 to 2023. Individual grants have ranged from $2K to $109K, with an average award of $17K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Massachusetts, North Carolina, New Hampshire, which account for 95% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Profesta Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 37 grants. Its grantmaking reaches organizations primarily in MA, NC, NH.
Profesta Foundation has distributed a total of $612K across 37 grants. The median grant size is $10K, with an average of $17K. Individual grants have ranged from $2K to $109K.
Profesta Foundation typically selects its grantees rather than accepting unsolicited proposals.
Profesta Foundation is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Anastasios Parafestas | TRUSTEE | $0 | $0 | $0 |
Total Giving
$277K
Total Assets
$9.8M
Fair Market Value
$10.2M
Net Worth
$9.8M
Grants Paid
$275K
Contributions
$308K
Net Investment Income
$344K
Distribution Amount
$483K
Total: $8.5M
Total Grants
37
Total Giving
$612K
Average Grant
$17K
Median Grant
$10K
Unique Recipients
17
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Nicholas Greek Orthodox ChurchGENERAL SUPPORT | Portsmouth, NH | $5K | 2023 |
| Worcester AcademyGENERAL SUPPORT | Worcester, MA | $2K | 2022 |
| Greek Orthodox Metroplois Of BostonGENERAL SUPPORT | Brookline, MA | $109K | 2023 |
| St Spyridon CathedralGENERAL SUPPORT | Worcester, MA | $55K | 2023 |
| Umass Medical SchoolGENERAL SUPPORT |
| Shrewsbury, MA |
| $25K |
| 2023 |
| Museum Of Fine Arts BostonGENERAL SUPPORT | Boston, MA | $15K | 2023 |
| Boston Celtics Shamrock FoundationGENERAL SUPPORT | Boston, MA | $15K | 2023 |
| The Hellenic Womens Club IncGENERAL SUPPORT | Boston, MA | $11K | 2023 |
| Duke UniversityGENERAL SUPPORT | Durham, NC | $10K | 2023 |
| Boston University School Of LawGENERAL SUPPORT | Boston, MA | $10K | 2023 |
| Bentley UniversityGENERAL SUPPORT | Waltham, MA | $5K | 2023 |
| Crossroad InstitutionGENERAL SUPPORT | Cambridge, MA | $5K | 2023 |
| The American College Of GreeceGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| New England Law BostonGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Venerini AcademyGENERAL SUPPORT | Worcester, MA | $35K | 2022 |
| The Hellenic American AcademyGENERAL SUPPORT | Lowell, MA | $5K | 2022 |
| George Mason UniversityGENERAL SUPPORT | Fairfax, VA | $2K | 2022 |
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