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Purpose Foundation is a private corporation based in MALVERN, PA. The foundation received its IRS ruling in 2015. The principal officer is Edwin R Boynton. It holds total assets of $93K. Annual income is reported at $20K. Total assets have grown from $7K in 2014 to $59K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of human services. 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 Rhode Island, New York and Tennessee. According to available records, Purpose Foundation has made 14 grants totaling $13K, with a median grant of $1K. Annual giving has grown from $2K in 2020 to $3K in 2023. Grantmaking activity was highest in 2022 with $6K distributed across 6 grants. Individual grants have ranged from $500 to $1K, with an average award of $950. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in New York, Rhode Island, Tennessee, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$600
Median Grant
$1K
Average Grant
$933
Largest Grant
$1K
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.
Purpose Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in NY, RI, TN.
Purpose Foundation has distributed a total of $13K across 14 grants. The median grant size is $1K, with an average of $950. Individual grants have ranged from $500 to $1K.
Purpose Foundation typically selects its grantees rather than accepting unsolicited proposals.
Purpose Foundation is headquartered in MALVERN, PA. While based in PA, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas Blamey | DIRECTOR | $0 | $0 | N/A |
| Thomas D Boynton | DIRECTOR | $0 | $0 | N/A |
| Edwin R Boynton | PRESIDENT/SECT'Y/TREAS/DIR | $0 | $0 | N/A |
Total Giving
$4K
Total Assets
$59K
Fair Market Value
$76K
Net Worth
$59K
Grants Paid
$3K
Contributions
$14K
Net Investment Income
$1K
Distribution Amount
$3K
Total: $6K
Total Grants
14
Total Giving
$13K
Average Grant
$950
Median Grant
$1K
Unique Recipients
8
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lunchbox FundGRANT TO ANOTHER 501(C)(3) ORG | New York, NY | $1K | 2023 |
| WateraidGRANT TO ANOTHER 501(C)(3) ORG | New York, NY | $1K | 2023 |
| St Michael'S Episcopal ChurchGRANT TO ANOTHER 501(C)(3) ORG | Geneseo, NY | $900 | 2023 |
| Omena IncGRANT TO ANOTHER 501(C)(3) ORGANIZATION | Providence, RI | $1K | 2022 |
| BloodwaterGRANT TO ANOTHER 501(C)(3) ORGANIZATION | Nashville, TN | $1K | 2022 |
| Action Against HungerGRANT TO ANOTHER 501(C)(3) ORGANIZATION | New York, NY | $1K | 2021 |
| The Lunchbox FundGRANT TO ANOTHER 501(C)(3) ORGANIZATION | New York, NY | $1K | 2021 |
| Doctors Without BordersGRANT TO ANOTHER 501(C)(3) ORGANIZATION | Hagerstown, MD | $1K | 2020 |