Fundacion Luis G Fortuno Inc
The organizations mission is to cultivate free market solutions that foster self-reliance, economic growth and social well-being in Puerto Rico.Foundations programs are focused on three key areas:1)improving the ease of doing business; 2)reducing generationalpoverty;and 3)increasing entrepreneurship.
Fundacion Luis G Fortuno Inc at a glance
- Total assets
- $486,143
- +13.4% vs 2023
- Revenue (2024)
- $1,361,922
- +51.4% vs 2023
- Expenses (2024)
- $1,311,395
- +66.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Fundacion Luis G Fortuno Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 1 grant of 2 (50%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 2 grants totaling $174K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Gleen Greenbereg and Linda Vester Foundantion New York, NY | Project Foundation | $150,000 |
| Atlas Network Arlington, VA | Crece en Municipio Project | $24,000 |
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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 | $486,143 | $1,361,922 | $1,311,395 | — | — | — |
| 2023 | $428,815 | $899,454 | $788,214 | $174,000 | 2 | — |
| 2022 | $319,337 | $569,457 | $608,074 | — | — | $282 |
| 2021 | $311,861 | $801,586 | $575,693 | — | — | $140 |
About Fundacion Luis G Fortuno Inc
Based on IRS filings
Fundacion Luis G Fortuno Inc is a public charity focused on Community Improvement & Capacity Building, based in San Juan, PR. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $486K in total assets.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Fundacion Luis G Fortuno Inc is led by Luis G Fortuno, Chairman on every filing since 2021; none of the 11 officers listed in 2024 report compensation.
Officers on the 2024 filing
Luis G Fortuno
Chairman
On filings since 2021
1 hr/week
No compensation reported
Federico Stubbe Jr.
Director
On filings since 2021
1 hr/week
No compensation reported
Gustavo Velez
Director
On filings since 2021
1 hr/week
No compensation reported
Jorge San Miguel
Director
On filings since 2021
1 hr/week
No compensation reported
Jose Vazquez
Director
On filings since 2021
1 hr/week
No compensation reported
Kenneth W McGrath
Director
On filings since 2021
1 hr/week
No compensation reported
Limarie Ferrer
Director
On filings since 2021
1 hr/week
No compensation reported
Javier Vazquez
Director
On filings since 2022
1 hr/week
No compensation reported
Orlin Goble
Director
New on the 2024 filing
1 hr/week
No compensation reported
Magda M Boyles
Secretary
Director → Secretary, 2023
On filings since 2021
1 hr/week
No compensation reported
Maria Victoria Leon
Treasurer
Director → Treasurer, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Antonio Monroig (2021–2023) — Director
- Former: Juan Carlos Pavia (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Fundacion Luis G Fortuno Inc
How large is Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc reported $486K in total assets on its 2024 IRS Form 990. Its revenue that year was $1.4M.
What is Fundacion Luis G Fortuno Inc?
Fundacion Luis G Fortuno Inc is a public charity focused on Community Improvement & Capacity Building, based in San Juan, PR. It holds $486K in total assets as of 2024.
Where does Fundacion Luis G Fortuno Inc operate?
Fundacion Luis G Fortuno Inc has awarded grants in New York, Virginia.
What is Fundacion Luis G Fortuno Inc's EIN?
Fundacion Luis G Fortuno Inc's EIN (Employer Identification Number) is 66-0831873. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2021–2024
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