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
Under IRS private-foundation payout rules, Popular Foundation Inc reported a distributable amount of $202K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Thelma Gibson Health Initiative ($31,000), Cristo Rey New York High School ($30,000), Junior Achievement Miami ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOTTOMLESS CLOSET New York, NY | The Upskill at Home program offers a workshop curriculum that empowers disadvantaged New York City women to become self-sufficient. | $10,000 |
| NORTHERN MANHATTAN IMPROVEMENT CORPORATION New York, NY | NMIC's Train & Earn program has served approximately 450 young people ages 16 to 24 who are out of work and out of school, providing them with employment placement and retention services, as well as case management support for at least a year after training completion. | $10,000 |
| CENTER FOR FINANCIAL TRAINING INC Miami, FL | Students-Teaching-Students: A Financial Literacy Program will target Miami Dade College students and their families. The overall goal is to raise financial literacy awareness among LMI students. | $10,000 |
| WOMEN'S HOUSING AND ECONOMIC DEVELOPMENT CORPORATI Bronx, NY | WHEDco's Education and Youth Development Programs help young people develop fundamental competencies and individual talents and interests that underpin their life-long path to success. | $10,000 |
| JUNIOR ACHIEVEMENT OF NEW YORK New York, NY | Inspiring K-12 Learners for Greater Financial Literacy and Empowerment teaches equips students with foundational personal finance skills. | $15,000 |
| VIOLENCE INTERVENTION PROGRAM INC New York, NY | VIP's Economic Justice Program (EJP) empowers immigrant, Latinx survivors of domestic and sexual violence to achieve financial independence by providing culturally specific and trauma-informed financial literacy training and small business development.? | $10,000 |
| CHAPMAN PARTNERSHIP INC Miami, FL | Housing Opportunities and Professional Enrichment (HOPE) is Chapman Partnership's frontline effort at enabling and equipping unemployed or underemployed individuals experiencing homelessness, primarily Hispanic/Latino and Black, Indigenous and People of Color (BIPOC), with the tools and resources needed to upskill and/or reskill their experience to prepare them for economic mobility and improve their pathway toward independence. | $16,147 |
| KINGSBRIDGE HEIGHTS COMMUNITY CENTER INC Bronx, NY | TheTeen Center & College Directions Program (TC & CDP) is a youth development program that provides low-income Bronx adolescents, ages 11-21, with safe, supportive environments to learn, grow, and socialize during the risky afterschool hours. | $10,000 |
| FRESH YOUTH INITIATIVES INC New York, NY | The Welcome Program provides additional learning afterschool and summer programs for 140 low income, immigrant, and first-generation children in Kindergarten through 5th grade. Participants receive 780 additional hours of extra learning and enrichment time during the year. | $8,000 |
| URBAN WORKFORCE ADVANTAGE INC Elizabeth, NJ | Project ABLE (Adult Basic Literacy Education) provides adult basic skills and English as a Second Language instruction to adults in Hudson and Union Counties in NJ. | $10,000 |
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
Frequently Asked Questions
What does Popular Foundation Inc fund?
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
How do I apply for a grant from Popular Foundation Inc?
**Grant Characteristics:** • Typical award range: $2,500–$100,000 • The foundation made $1,914,689 in grants in 2024 **Recent Grant Examples (2024):** • Thelma Gibson Health Initiative: $31,000 (Seniors Program providing counseling, social service support, and substance use services) • Cristo Rey New York High School: $30,000 (Corporate Work Study Program) • Cristo Rey Miami High School: $25,000 (Integrated Educational and Work Model) **Approach:** Every organization supported by Popular Founda…
Where does Popular Foundation Inc make 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.
What size grants does Popular Foundation Inc award?
In 2024, Popular Foundation Inc awarded 44 grants totaling $446K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Popular Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Popular Foundation Inc reported a distributable amount of $202K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Popular Foundation Inc's EIN?
Popular Foundation Inc's EIN (Employer Identification Number) is 47-4997597. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Popular Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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