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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 is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Massachusetts and New Hampshire. 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.
Smallest Grant
$5K
Median Grant
$11K
Average Grant
$108K
Largest Grant
$775K
Based on 8 grants from the most recent 990-PF filing.
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.
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 | N/A |
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 |
| Boston University School Of LawGENERAL SUPPORT | Boston, MA | $10K | 2023 |
| Duke UniversityGENERAL SUPPORT | Durham, NC | $10K | 2023 |
| Bentley UniversityGENERAL SUPPORT | Waltham, MA | $5K | 2023 |
| The American College Of GreeceGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| New England Law BostonGENERAL SUPPORT | Boston, MA | $5K | 2023 |
| Crossroad InstitutionGENERAL SUPPORT | Cambridge, 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 |