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Sprocket Foundation is a private trust based in NEW HOPE, PA. The foundation received its IRS ruling in 2007. The principal officer is Jill K Mcdonnell. It holds total assets of $20.5M. Annual income is reported at $6.6M. Total assets have grown from $2M in 2011 to $20.5M in 2023. The foundation is governed by 2 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 2016 to 2023. Funding is distributed across 4 states, including New York, California, Pennsylvania. According to available records, Sprocket Foundation has made 107 grants totaling $8.9M, with a median grant of $50K. Annual giving has grown from $975K in 2020 to $2M in 2023. Grantmaking activity was highest in 2022 with $4M distributed across 50 grants. Individual grants have ranged from $25K to $275K, with an average award of $83K. The foundation has supported 35 unique organizations. The foundation primarily supports organizations in California, New York, Massachusetts, which account for 47% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$30K
Median Grant
$58K
Average Grant
$81K
Largest Grant
$250K
Based on 24 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.
Sprocket Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 107 grants. Its grantmaking reaches organizations primarily in CA, NY, MA.
Sprocket Foundation has distributed a total of $8.9M across 107 grants. The median grant size is $50K, with an average of $83K. Individual grants have ranged from $25K to $275K.
Sprocket Foundation typically selects its grantees rather than accepting unsolicited proposals.
Sprocket Foundation is headquartered in NEW HOPE, PA. While based in PA, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stephen Mcdonnell | TRUSTEE | $0 | $0 | N/A |
| Jill Mcdonnell | TRUSTEE | $0 | $0 | N/A |
Total Giving
$2.4M
Total Assets
$20.5M
Fair Market Value
$23.1M
Net Worth
$20.5M
Grants Paid
$2M
Contributions
$133K
Net Investment Income
$239K
Distribution Amount
$1.1M
Total: $11.8M
Total Grants
107
Total Giving
$8.9M
Average Grant
$83K
Median Grant
$50K
Unique Recipients
35
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Borealis PhilanthropyUNRESTRICTED CHARITABLE GRANT | Minneapolis, MN | $275K | 2023 |
| Proteus FundUNRESTRICTED CHARITABLE GRANT | Amherst, MA | $235K | 2023 |
| Common Counsel FoundationUNRESTRICTED CHARITABLE GRANT | Oakland, CA | $165K | 2023 |
| Social And Environmental EntrepreneursUNRESTRICTED CHARITABLE GRANT | Calabasas, CA | $155K | 2023 |
| Groundswell FundUNRESTRICTED CHARITABLE GRANT | Brooklyn, NY | $110K | 2023 |
| The Praxis Project IncUNRESTRICTED CHARITABLE GRANT | Oakland, CA | $100K | 2023 |
| Tides FoundationUNRESTRICTED CHARITABLE GRANT | New York, NY | $100K | 2023 |
| Bread & RosesUNRESTRICTED CHARITABLE GRANT | Philadelphia, PA | $85K | 2023 |
| Trans Queer PuebloUNRESTRICTED CHARITABLE GRANT | Phoenix, AZ | $75K | 2023 |
| Families For Justice HealingUNRESTRICTED CHARITABLE GRANT | Roxbory, MA | $70K | 2023 |
| Defending Rights And DissentUNRESTRICTED CHARITABLE GRANT | Washington, DC | $60K | 2023 |
| Mano AmigaUNRESTRICTED CHARITABLE GRANT | Oak Park Heights, MN | $55K | 2023 |
| Movement Alliance ProjectUNRESTRICTED CHARITABLE GRANT | Philadelphia, PA | $55K | 2023 |
| Faith For JusticeUNRESTRICTED CHARITABLE GRANT | Saint Louis, MO | $55K | 2023 |
| Astraea FoundationUNRESTRICTED CHARITABLE GRANT | New York, NY | $50K | 2023 |
| Amistad Law ProjectUNRESTRICTED CHARITABLE GRANT | Philadelphia, PA | $50K | 2023 |
| Pillars Of The CommunityUNRESTRICTED CHARITABLE GRANT | San Diego, CA | $50K | 2023 |
| Organizing Black IncUNRESTRICTED CHARITABLE GRANT | Baltimore, MD | $40K | 2023 |
| Texas Jail ProjectUNRESTRICTED CHARITABLE GRANT | Cypress, TX | $40K | 2023 |
| Muslim Justice LeagueUNRESTRICTED CHARITABLE GRANT | Boston, MA | $40K | 2023 |
| Raham IncUNRESTRICTED CHARITABLE GRANT | Detroit, MI | $35K | 2023 |
| Maine InitiativesUNRESTRICTED CHARITABLE GRANT | Portland, ME | $35K | 2023 |
| Collective Action For Safe PlaceUNRESTRICTED CHARITABLE GRANT | Washington, DC | $30K | 2023 |
| Clean Air Coalition Of Western New YorkUNRESTRICTED CHARITABLE GRANT | Buffalo, NY | $30K | 2023 |
| Greater Birmingham MinistriesUNRESTRICTED CHARITABLE GRANT | Birmingham, AL | $25K | 2023 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA