Papa's Promise Inc
Papa's Promise Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Boston, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $25K.
Papa's Promise Inc at a glance
In short: Papa's Promise Inc gave $25K across 1 grant in 2024 (avg $25K), mostly in New Hampshire. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $1,081,109
- -0.0% vs 2023
- Primary geography
- New Hampshire (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Papa's Promise Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Lakes Region Visiting Nurse Association ($25K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
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 Papa's Promise Inc gives
- In 2024 it paid out 47% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lakes Region Visiting Nurse Association Meredith, NH | Dementia Patient Care | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,081,109 | $39,966 | $40,070 | $25,000 | 1 | $25,000 | $24,896 | $53,675 |
| 2023 | $1,081,213 | $1,081,213 | $30,085 | — | — | — | — | $6,488 |
Under IRS private-foundation payout rules, Papa's Promise Inc reported a distributable amount of $54K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Papa's Promise Inc is led by Robert Ciardi, President, Treasurer, Clerk & Board Me on every filing since 2023; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Ciardi
President, Treasurer, Clerk & Board Me
On filings since 2023
1 hr/week
No compensation reported
Bo Machado MD
Board Member
On filings since 2023
No compensation reported
Timothy Reynolds MD
Board Member
On filings since 2023
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Papa's Promise Inc
How much does Papa's Promise Inc give each year?
Papa's Promise Inc gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990-PF.
How large is Papa's Promise Inc?
Papa's Promise Inc reported $1.1M in total assets on its 2024 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $54K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Papa's Promise Inc?
Papa's Promise Inc is a private foundation focused on Diseases, Disorders & Medical Disciplines, based in Boston, MA. It holds $1.1M in total assets as of 2024.
Where does Papa's Promise Inc operate?
Papa's Promise Inc has awarded grants in New Hampshire.
What is Papa's Promise Inc's EIN?
Papa's Promise Inc's EIN (Employer Identification Number) is 92-2743982. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Papa's Promise Inc funds
Diseases, Disorders & Medical Disciplines Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Papa's Promise Inc's focus areas in our free grants database
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