Prospect Foundation Inc
Preselected recipients only
Prospect Foundation Inc is a private foundation in West Lafayette, Indiana. In tax year 2023 it gave $69,000 in 5 grants; the typical grant was $10,000 and the largest $34,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2023.
- Grants paid, 2023$69,000
- Number of grants5
- Typical grant$10,000
- Largest grant$34,000
- Assets$3.4 million
- New grantees40%
Giving in 2023 was up from $49,000 the year before.
40% of its 2023 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2022 | $49,000 | 6 | $2.7 million |
| 2023 | $69,000 | 5 | $3.4 million |
How to apply
Prospect Foundation Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Prospect Foundation Inc funds
Where it gives
Its grants went to recipients in 4 states, the most to Indiana.
| State | Grants | Amount |
|---|---|---|
| Indiana | 2 | $44,000 |
| Georgia | 1 | $10,000 |
| New Jersey | 1 | $10,000 |
| New York | 1 | $5,000 |
Grants paid in 2023
| Recipient | Purpose | Amount |
|---|---|---|
| Future Initiative | charitable | $34,000 |
| Stuart Country Day School in New Jersey | Educational | $10,000 |
| Indiana University Foundation | charitable | $10,000 |
| Emory University | Educational | $10,000 |
| New York Medical College | Educational | $5,000 |
Officers and trustees
- Qin Yang
- Cheng du
Questions people ask
Does Prospect Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Prospect Foundation Inc give?
$69,000 in tax year 2023, across 5 grants, with a typical grant of $10,000.
Who runs Prospect Foundation Inc?
Its 2023 filing lists Qin Yang (Ceo) and Cheng du (Cfo).
What does Prospect Foundation Inc fund?
Based on its grants, mainly education.