The Pegasus Springs Foundation
Preselected recipients only
The Pegasus Springs Foundation is a private foundation in Reading, Massachusetts. In tax year 2024 it gave $246,300 in 6 grants; the typical grant was $28,500 and the largest $130,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$246,300
- Number of grants6
- Typical grant$28,500
- Largest grant$130,000
- Assets$2.0 million
- New grantees33%
Giving in 2024 was up from $228,200 the year before.
33% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $228,200 | 7 | $1.9 million |
| 2024 | $246,300 | 6 | $2.0 million |
How to apply
The Pegasus Springs Foundation 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.
Foundation website IRS filings on ProPublica
What The Pegasus Springs Foundation funds
Where it gives
Its grants went to recipients in 3 states, the most to Massachusetts.
| State | Grants | Amount |
|---|---|---|
| Massachusetts | 4 | $218,800 |
| Kansas | 1 | $20,000 |
| Minnesota | 1 | $7,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Pegasus Springs Education Collective | Educational | $130,000 |
| Salem State | Education | $31,800 |
| Building Bridges Education | Foster education in hbcu | $30,000 |
| Town of Reading | Educational | $27,000 |
| National Teachers Hall of Fame | Educational | $20,000 |
| Walsh and Associates | Education | $7,500 |
Officers and trustees
- Lorraine Martin
- Craig Martin
Questions people ask
Does The Pegasus Springs Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Pegasus Springs Foundation give?
$246,300 in tax year 2024, across 6 grants, with a typical grant of $28,500.
Who runs The Pegasus Springs Foundation?
Its 2024 filing lists Lorraine Martin (President) and Craig Martin (Director).
What does The Pegasus Springs Foundation fund?
Based on its grants, mainly education.