Frederick Henry Prince Testamentary Trust
The Frederick Henry Prince Testamentary Trust is a private foundation established in 1947 by investor Frederick Henry Prince. Based in Chicago, Illinois, it operates as a 501(c)(3) private foundation (designated as a 4947(a)(1) non-exempt charitable trust) composed of three separate funds supporting arts, social activism, and community development initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$4.2M
-2.7% YoY
Grant Count
203
-6.5% YoY
Avg Grant Size
$21K
+4.0% YoY
Mission & Focus Areas
The trust supports both apolitical and left-leaning nonprofit organizations. Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Arts and cultural programming
- Environmental conservation and advocacy
- Community development
Grantmaking
Grant Types
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Geographic Focus
Where this funder awards grants
The trust maintains active grantmaking in three primary regions:
- Chicago, Illinois
- Washington, D.C.
- Newport, Rhode Island
- Virginia (environmental and conservation initiatives)
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $119,892,632
- Total revenues: -$197,465
- Total expenses: $6,050,270
- Net assets: $111,796,588
Revenue Sources (2023):
- Sales of assets: $2,670,390 (42.5% of revenue)
- Other income: $3,607,384 (57.5% of revenue)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Frederick Henry Prince Testamentary Trust
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Diana C Prince
- Patrick Wood-Prince
- Charles Twichell
The organization maintains a staff of 7 employees.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The Frederick Henry Prince Memorial Fund, administered through Newport Hospital, continues active grantmaking on Aquidneck Island. In 2025, the fund awarded $188,500 to programs serving youth in the Newport area. The fund maintains an annual application cycle for grants exceeding $100,000.
Newport Hospital\u2019s Frederick Henry Prince Memorial Fund awards $188,500\Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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