Popular Foundation Inc is a private foundation based in New York, NY, established in 2015. The foundation serves as the philanthropic arm of Popular Bank and operates as an employee-driven grantmaking organization. It is classified as a 501(c)(3) organization with EIN 47-4997597.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.5M
+14.5% YoY
Annual Giving
$446K
-1.4% YoY
Grant Count
44
+41.9% YoY
Avg Grant Size
$10K
-30.6% YoY
Mission & Focus Areas
Popular Foundation strives to strengthen the social and economic well-being of the communities where it operates. The foundation's grant-making focuses on:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Poverty Alleviation
- Reproductive Health
Grantmaking
Every organization supported by Popular Foundation has an active employee liaison, creating meaningful connections between the foundation's team and the communities served.
Ready to take the next step with Popular Foundation Inc?
Geographic Focus
Where this funder awards grants
Popular Foundation primarily funds organizations in:
- New York
- New Jersey
- Florida
The foundation operates in Popular Bank's service regions throughout the United States.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $4,486,015
- Total Giving: $446,353
- Total Revenues: $904,730
- Total Expenses: $570,938
- Number of Employees: 0
Cumulative Impact: To date, Popular Foundation has awarded over $6.5 million to community organizations throughout Popular Bank's service regions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,486,015 | $3,918,718 | $3,588,708 |
| Revenue | $904,730 | $786,569 | $762,933 |
| Expenses | $570,938 | $568,097 | $555,813 |
| Qualifying Distributions | $570,938 | $568,097 | $555,813 |
| Net Investment Income | $357,366 | $114,691 | $89,013 |
| Distributable Amount | $202,000 | $183,276 | $183,085 |
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
156 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD CARRION | CHAIRMAN, DIRECTOR | 1 | — |
| MANUEL CHINEA | VICE CHAIRMAN, DIRECTOR | 1 | — |
| BEATRIZ POLHAMUS | EXECUTIVE DIRECTOR, DIRECTOR | 1 | — |
| EDUARDO J NEGRON | TREASURER, DIRECTOR | 1 | — |
| IGNACIO ALVAREZ ZATARAIN | DIRECTOR | 1 | — |
| JAVIER D FERRER | DIRECTOR | 1 | — |
| BERTHA ROZIER | DIRECTOR | 1 | — |
| ISRAEL VELASCO | DIRECTOR | 1 | — |
| AMY L FESTANTE | SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has maintained consistent grantmaking activity, with documented grant awards in 2024 to organizations including Thelma Gibson Health Initiative, Cristo Rey New York High School, and Cristo Rey Miami High School, among others totaling $1,914,689 in grants for that year.
Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations -Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Popular Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities