Portas Family Foundation
Portas Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $327K in total assets. In 2024, it awarded 1 grant totaling $25K.
Portas Family Foundation at a glance
In short: Portas Family Foundation gave $25K across 1 grant in 2024 (avg $25K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $25,000
- -28.6% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $25,000
- +42.9% vs 2023
- Median grant
- $25,000
- Total assets
- $327,064
- -12.7% vs 2023
- Primary geography
- Massachusetts (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 Portas Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was University of Massachusetts Newman Center ($25K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (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 Portas Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 229% of its IRS minimum distribution (the 5% rule). 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
From 2021 to 2024, annual grant giving ranged from $25K (2024) to $35K (2023). In 2024 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Massachusetts Newman Center Amherst, MA | General & Unrestricted | $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 | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $327,064 | $-10,755 | $36,841 | $25,000 | 1 | $36,628 | $16,026 |
| 2023 | $374,660 | $-19,640 | $39,123 | $35,000 | 2 | $38,825 | $21,716 |
| 2022 | $433,423 | $992 | $42,114 | $31,000 | 2 | $40,611 | $23,884 |
| 2021 | $474,545 | $3,323 | $35,353 | $30,000 | 2 | $32,525 | $26,230 |
| 2020 | $506,575 | $-15,381 | $7,923 | — | — | — | $26,967 |
Under IRS private-foundation payout rules, Portas Family Foundation reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Portas Family Foundation is led by Chad Portas, Director & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chad Portas
Director & President
On filings since 2020
1 hr/week
No compensation reported
Michelina Portas
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Portas Family Foundation
How much does Portas Family Foundation give each year?
Portas Family Foundation gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $35K across 2 grants.
How large is Portas Family Foundation?
Portas Family Foundation reported $327K in total assets on its 2024 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets).
Where does Portas Family Foundation operate?
Portas Family Foundation has awarded grants in Georgia, Massachusetts.
What is Portas Family Foundation's EIN?
Portas Family Foundation's EIN (Employer Identification Number) is 81-4859315. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
Live grants for the work Portas Family Foundation funds
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