Foundation for Puerto Rico Inc
The main objective of the organization is to promote strategic philanthropy as catalyst to accelerate the economic, social, and sustainable development in Puerto Rico by commissioning highly focused research, offering expert counsel and conducting educational activities that will advance the philanthropic initiatives and programs to be supported by the organization.
Foundation for Puerto Rico Inc at a glance
In short: Foundation for Puerto Rico Inc gave $77K across 1 grant in 2024 (avg $77K), mostly in Puerto Rico. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $77,378
- +51.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $77,378
- +51.8% vs 2023
- Median grant
- $77,378
- Total assets
- $6,179,788
- +11.8% vs 2023
- Primary geography
- Puerto Rico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Foundation for Puerto Rico Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Mariny Del R Vazquez Maldonado ($77K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Foundation for Puerto Rico Inc gives
- Giving grew 23% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $51K (2023) to $77K (2024). In 2024 it made 1 grant totaling $77K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mariny Del R Vazquez Maldonado Naguabo, PR | Reimbursement | $77,378 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $6,179,788 | $4,532,198 | $4,541,322 | $77,378 | 1 | $81,460 |
| 2023 | $5,529,867 | $4,333,453 | $4,622,360 | $50,972 | 1 | $85,675 |
| 2022 | $5,842,849 | $6,329,800 | $4,635,720 | — | — | $26,884 |
| 2021 | $4,538,825 | $7,478,799 | $7,301,165 | $63,000 | 2 | $3,821 |
| 2020 | $3,606,933 | $5,218,626 | $5,972,674 | $58,470 | 3 | $13,965 |
About Foundation for Puerto Rico Inc
Based on IRS filings
Foundation for Puerto Rico Inc is a public charity focused on Community Improvement & Capacity Building, based in San Juan, PR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.2M in total assets. In 2024, it awarded 1 grant totaling $77K. Net investment income was $81K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Foundation for Puerto Rico Inc is led by Jonathan Borschow, Chairman since 2021 (on filings since 2020); 4 of 14 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jonathan Borschow
Chairman
Chairman & C → Chairman, 2021
On filings since 2020
No compensation reported
Ramon Mellado
Chair Governor
Director → Treasurer, 2021
Treasurer → Chair Governor, 2023
On filings since 2020
No compensation reported
Cesar A. Santos Cardona
Hr Director
On filings since 2023
40 hrs/week
$105K (2023) → $105K (2024)
Alexander Borschow
Director
On filings since 2020
No compensation reported
Juan A. Ramos
Director
On filings since 2020
No compensation reported
Ronald Castro
Director
On filings since 2020
No compensation reported
Carlos L. Rodriguez Ramos
Director
On filings since 2023
No compensation reported
Jesus Lopez
Director
On filings since 2023
No compensation reported
Damaris Ocasio Nieves
CFO
On filings since 2020
40 hrs/week
$162K (2020) → $160K (2024)
Alma M. Frontera Colon
Vice President Operations
On filings since 2022
40 hrs/week
$140K (2022) → $104K (2024)
Soledad Gaztambide Arandes
Chief Officer
On filings since 2022
40 hrs/week
$120K (2022) → $127K (2024)
Graciela Eleta
Vice Chairwoman
On filings since 2020
No compensation reported
Ingrid Rivera
Secretary
On filings since 2020
No compensation reported
Zulmarie Urrutia
Treasurer
Director → Treasurer, 2023
On filings since 2021
No compensation reported
Former officers (12)
- Former: Rafael Ortiz (2020–2023) — Director
- Former: Annie Mayol Del Valle (2020–2022) — President
- Former: Juan Sabater (2020–2022) — Director
- Former: Milton Cruz (2020–2022) — Director
- Former: Alexandra Lugaro (2021–2022) — Executive Di
- Former: Kathryn Wylde (2022) — Director
- Former: Ana M. Lopez (2020–2021) — Vice President Marketing
- Former: Alma M. Frontera (2020) — Director of
- Former: Daneris Fernandez (2020) — Director
- Former: Federico J. Sanchez (2020) — Director
- Former: Javier Saade (2020) — Director
- Former: Vicente Feliciano (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $160K, to Damaris Ocasio Nieves (CFO). 4 officers or directors reported compensation on that filing.
Frequently asked questions about Foundation for Puerto Rico Inc
How much does Foundation for Puerto Rico Inc give each year?
Foundation for Puerto Rico Inc gave $77K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $51K across 1 grant.
How large is Foundation for Puerto Rico Inc?
Foundation for Puerto Rico Inc reported $6.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.5M.
What is Foundation for Puerto Rico Inc?
Foundation for Puerto Rico Inc is a public charity focused on Community Improvement & Capacity Building, based in San Juan, PR. It holds $6.2M in total assets as of 2024.
Where does Foundation for Puerto Rico Inc operate?
Foundation for Puerto Rico Inc has awarded grants in Maryland, Puerto Rico.
What is Foundation for Puerto Rico Inc's EIN?
Foundation for Puerto Rico Inc's EIN (Employer Identification Number) is 66-0776227. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS January 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Foundation for Puerto Rico Inc down — hundreds of funders to go?