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Prospect Hill Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1961. It holds total assets of $78.4M. Annual income is reported at $6M. The foundation is governed by 10 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2023. According to available records, Prospect Hill Foundation Inc. has made 902 grants totaling $9M, with a median grant of $2K. Annual giving has grown from $2.4M in 2021 to $6.5M in 2022. Individual grants have ranged from N/A to $200K, with an average award of $10K. The foundation has supported 322 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, Massachusetts, which account for 73% of all grants. Grantmaking reaches organizations across 29 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$3K
Average Grant
$11K
Largest Grant
$200K
Based on 304 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. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 902 grants. Its grantmaking reaches organizations primarily in NY, DC, MA.
Prospect Hill Foundation Inc. has distributed a total of $9M across 902 grants. The median grant size is $2K, with an average of $10K. Individual grants have ranged from N/A to $200K.
Prospect Hill Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Prospect Hill Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 29 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sarah Beinecke Richardson | DIRECTOR | $0 | $0 | N/A |
| Mary Beinecke Elston | DIRECTOR | $0 | $0 | N/A |
| John B Beinecke | DIRECTOR | $0 | $0 | N/A |
| Benjamin B Beinecke | DIRECTOR | $0 | $0 | N/A |
| Jesse W Smith | SECRETARY & DIRECTOR | $0 | $0 | N/A |
| Frederick W Beinecke | VICE PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Carrie S Elston | PRESIDENT & DIRECTOR | $0 | $0 | N/A |
| Frances G Beinecke | DIRECTOR | $0 | $0 | N/A |
| Maureen Howley | TREASURER | $0 | $0 | N/A |
| Elizabeth Beinecke Elston | DIRECTOR | $0 | $0 | N/A |
Total Giving
$4.9M
Total Assets
$74.1M
Fair Market Value
N/A
Net Worth
$74.1M
Grants Paid
N/A
Contributions
$238K
Net Investment Income
$1.4M
Distribution Amount
$3.6M
Total Grants
902
Total Giving
$9M
Average Grant
$10K
Median Grant
$2K
Unique Recipients
322
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Global ZeroDESIGNING FOR IMPACT: A NEW MODEL FOR CATALYTIC ADVOCACY | Washington, DC | $30K | 2022 |
| CenturionGENERAL SUPPORT | Princeton, NJ | $30K | 2022 |
| Virginia OrganizingFOR GENERATION 180 DESIGNATED FOR LAUNCH SUPPORT | Charlottesville, VA | $200K | 2022 |
| Yale UniversityNEW FACILITY DAVID GEFFEN SCHOOL OF DRAMA AT YALE | New Haven, CT | $150K | 2022 |
| Arms Control AssociationGENERAL SUPPORT | Washington, DC | $75K | 2022 |
| Center For Arms Control And Non-ProliferationGENERAL SUPPORT | Washington, DC | $55K | 2022 |
| Jacob'S PillowTED SHAWN THEATRE RENOVATION | Becket, MA | $50K | 2022 |
| Global Greengrants FundCAPITAL GRANT | Boulder, CO | $50K | 2022 |
| Mystic Seaport MuseumCEE MARITIME ADVENTURE PROGRAM: PILOT YOUTH COHORT | Mystic, CT | $50K | 2022 |
| Center For Nuleadership On Human Justice & HealingGENERAL SUPPORT | Brooklyn, NY | $50K | 2022 |
| Adirondack FoundationCENTRAL ADIRONDACKS FUND | Lake Placid, NY | $50K | 2022 |
| The Bushwick StarrCAPITAL FUNDING | Brooklyn, NY | $50K | 2022 |
| Phillips Academy AndoverPHILLIPS ACADEMY CLASS OF 1962 FUND FOR STUDENT MENTAL WELLNESS | Andover, MA | $50K | 2022 |
| Natural Resources Defense CouncilFRANCES BEINECKE FUND | New York, NY | $50K | 2022 |
| Waterfront AllianceCOASTLINES PREPARED FOR CLIMATE CHANGE: THE WEDG RATING AND VERIFICATION SYSTEM | New York, NY | $50K | 2022 |
| Environmental Defense Fund NycEDUCATING VOTERS ABOUT THE NEW YORK STATE CLEAN WATER, CLEAN AIR, GREEN JOBS BOND ACT BALLOT MEASURE | New York, NY | $50K | 2022 |
| Gates Global Policy CenterGATES GLOBAL POLICY CENTER | Newington, VA | $50K | 2022 |
| Federation Of American ScientistsNUCLEAR INFORMATION PROJECT | Washington, DC | $35K | 2022 |
| Ploughshares Fund IncEQUITY RISES | Washington, DC | $30K | 2022 |
| New York PhilharmonicGENERAL SUPPORT | New York, NY | $30K | 2022 |
| World Resources InstituteWRI CLIMATE PROGRAM 2022 | Washington, DC | $25K | 2022 |
| Rubin Museum Of ArtGENERAL SUPPORT | New York, NY | $25K | 2022 |