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Also known as: C/O MEGHAN W CIOFFI
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Prospect Hill Foundation Inc. is a private corporation based in NEW CANAAN, CT. The foundation received its IRS ruling in 2007. The principal officer is Meghan W Cioffi. It holds total assets of $9.5M. Annual income is reported at $4M. Total assets have grown from $44K in 2010 to $9.5M in 2024. The foundation is governed by 4 officers and trustees. 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 2017 to 2024. According to available records, Prospect Hill Foundation Inc. has made 11 grants totaling $715K, with a median grant of $25K. The foundation has distributed between $340K and $375K annually from 2020 to 2022. Individual grants have ranged from $1K to $200K, with an average award of $65K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Connecticut, Massachusetts, New York, which account for 91% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$125K
Average Grant
$125K
Largest Grant
$200K
Based on 3 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.
Prospect Hill Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 11 grants. Its grantmaking reaches organizations primarily in CT, MA, NY.
Prospect Hill Foundation Inc. has distributed a total of $715K across 11 grants. The median grant size is $25K, with an average of $65K. Individual grants have ranged from $1K to $200K.
Prospect Hill Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Prospect Hill Foundation Inc. is headquartered in NEW CANAAN, CT. While based in CT, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meghan W Cioffi | PRESIDENT & TRUSTEE | $0 | $0 | N/A |
| Mary D Walsh | VICE PRESIDENT & TRUSTEE | $0 | $0 | N/A |
| Abigail Gobble Dematteo | VICE PRESIDENT & TRUSTEE | $0 | $0 | N/A |
| Robert F Cioffi | VICE PRESIDENT & TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$9.5M
Fair Market Value
N/A
Net Worth
$9.5M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
11
Total Giving
$715K
Average Grant
$65K
Median Grant
$25K
Unique Recipients
9
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stars AboveGENERAL PURPOSE | Norwalk, CT | $200K | 2022 |
| Norwalk HospitalGENERAL PURPOSE | Norwalk, CT | $50K | 2022 |
| Nchs Scholarship FoundationGENERAL PURPOSE | New Canaan, CT | $25K | 2022 |
| Project Main StreetGENERAL PURPOSE | New York, NY | $25K | 2022 |
| St Luke'S SchoolGENERAL PURPOSE | New Canaan, CT | $25K | 2022 |
| Star IncGENERAL PURPOSE | Norwalk, CT | $9K | 2022 |
| One World SurgeryGENERAL PURPOSE | Deerfield, IL | $5K | 2022 |
| New Canaan Chamber Charitable FoundationGENERAL PURPOSE | New Canaan, CT | $1K | 2022 |
| Lesley UniversityGENERAL PURPOSE | Cambridge, MA | $125K | 2020 |