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Prometheus Foundation is a private corporation based in CRYSTAL BAY, NV. The foundation received its IRS ruling in 2010. The principal officer is Carl B Barney. It holds total assets of $71.7M. Annual income is reported at $28.1M. Total assets have grown from $15.1M in 2011 to $71.7M in 2024. The foundation is governed by 5 officers and trustees. Prometheus foundation funds organizations and individuals who demonstrate that they can use funds to promote ayn rand and advance objectivism intelligently and effectively. The foundation has three funding programs: the objectivist venture fund, the scholarships program, and the new intellectuals fund. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. Grantmaking is concentrated in United States. According to available records, Prometheus Foundation has made 121 grants totaling $11.5M, with a median grant of $34K. Annual giving has grown from $1.3M in 2020 to $2.6M in 2023. Grantmaking activity was highest in 2022 with $7.5M distributed across 78 grants. Individual grants have ranged from $1K to $1.3M, with an average award of $95K. The foundation has supported 65 unique organizations. The foundation primarily supports organizations in Virginia, Arizona, California, which account for 21% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$49K
Average Grant
$97K
Largest Grant
$733K
Based on 19 grants from the most recent 990-PF filing.
Prometheus foundation funds organizations and individuals who demonstrate that they can use funds to promote ayn rand and advance objectivism intelligently and effectively. The foundation has three funding programs: the objectivist venture fund, the scholarships program, and the new intellectuals fund.
Expenses: $3.8M
Prometheus foundation funds organizations and individuals who demonstrate that they can use funds to promote ayn rand and advance objectivism intelligently and effectively. The foundation has three funding programs: the objectivist venture fund, the scholarships program, and the new intellectuals fund. Based on available records, the foundation has funded 121 grants. Its grantmaking reaches organizations primarily in VA, AZ, CA.
Prometheus Foundation has distributed a total of $11.5M across 121 grants. The median grant size is $34K, with an average of $95K. Individual grants have ranged from $1K to $1.3M.
Prometheus Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is SEE WEBSITE. See website.
Prometheus Foundation is headquartered in CRYSTAL BAY, NV. While based in NV, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Craig Biddle | DIRECTOR | $53K | $0 | $53K |
| David Hardy | DIRECTOR & CHAIRMAN | $8K | $0 | $10K |
| Leonard Esmond | DIRECTOR & TREASURER | $5K | $0 | $5K |
| C Bradley Thompson | DIRECTOR | $5K | $0 | $5K |
| Carl B Barney | DIRECTOR & FOUNDER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$71.7M
Fair Market Value
N/A
Net Worth
$67.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
121
Total Giving
$11.5M
Average Grant
$95K
Median Grant
$34K
Unique Recipients
65
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Adam Smith InstituteEDUCATION | London | $40K | 2023 |
| Students For LibertyEDUCATION | Arlington, VA | $705K | 2023 |
| Objective Standard Institute IncEDUCATION | Glen Allen, VA | $277K | 2023 |
| Boaz Josef Arad - Objectivist Center IsraelEDUCATION | Ramat Hasharon | $260K | 2023 |
| Ayn Rand Center EuropeEDUCATION | Belgrade | $256K | 2023 |
| Foundation For Economic EducationEDUCATION | Atlanta, GA | $204K | 2023 |
| Ayn Rand Centre UkraineEDUCATION | Kyiv | $119K | 2023 |
| Duncan Scott ProductionsEDUCATION | Wylie, SC | $109K | 2023 |
| Austrian Economics CenterEDUCATION | Wien | $108K | 2023 |
| Turkish Objectivist NetworkEDUCATION | Kizilirmak Mahallesi | $99K | 2023 |
| Ricardo Martin Ibanez SerpaEDUCATION | Lima | $80K | 2023 |
| Ely LassmanEDUCATION | Bushey Hartfordshire | $65K | 2023 |
| Stitching Ayn Rand ArchiefEDUCATION | Amstelveen Noordholland | $60K | 2023 |
| Ajn Rend Centar EvropaEDUCATION | Beograd | $48K | 2023 |
| Martin HoossEDUCATION | Trier | $42K | 2023 |
| Istituto Bruno Leoni-FondazioneEDUCATION | Milano Lombardia | $32K | 2023 |
| Fight The Power ProductionsEDUCATION | Washington, DC | $30K | 2023 |
| International Society For Individual LibertyEDUCATION | San Francisco, CA | $15K | 2023 |
| Freedom Fest IncEDUCATION | Riverton, UT | $10K | 2023 |
| Mariam GogolishviliEDUCATION | Tbilisi | $9K | 2023 |
| Ayn Rand Center Armenia SengoEDUCATION | Yervan | $9K | 2023 |
| Kiyah WillisEDUCATION | Sparks, NV | $8K | 2023 |
| Giorgi DanielaEDUCATION | Tbilisi | $6K | 2023 |
| Mario MarkovskiEDUCATION | Skipje | $5K | 2023 |
| Goldwater InstituteEDUCATION | Phoenix, AZ | $225K | 2022 |
| Ayn Rand Center IsraelEDUCATION | Rhamat Hasaron | $220K | 2022 |
| Ayn Rand Center UkraineEDUCATION | Kyiv | $216K | 2022 |
| Eszter Novapolicy ConsultingEDUCATION | Tallin Estonia Budapest | $173K | 2022 |
| Prager University FoundationEDUCATION | Sherman Oaks, CA | $100K | 2022 |
| Deversity DooEDUCATION | Belgrade | $100K | 2022 |
| Glen Allen Press LlcEDUCATION | Glen Allen, VA | $57K | 2022 |
| Dorde MancevEDUCATION | Boegrad | $50K | 2022 |
| America'S Future FoundationEDUCATION | Washington, DC | $50K | 2022 |