Portas Family Foundation

Foundation · Grantmaker Wilmington, DE EIN: 81-4859315

Portas Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Key facts about Portas Family Foundation

EIN: 81-4859315
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $25,000
Grants made (2024): 1
Average grant: $25,000
Median grant: $25,000
Total assets: $327,064
Primary geography: Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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.

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$327K

-12.7% YoY

Annual Giving

$25K

-28.6% YoY

Grant Count

-50.0% YoY

Avg Grant Size

$25K

+42.9% YoY

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.

About Portas Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $25K (100%)

Share of all 1 itemized 2024 grant dollars.

States

Georgia Massachusetts

Cities

AmherstFairhavenFayetteville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$327,064	$374,660	$433,423
Revenue	$-10,755	$-19,640	$992
Expenses	$36,841	$39,123	$42,114
Qualifying Distributions	$36,628	$38,825	$40,611
Net Investment Income	—	—	—
Distributable Amount	$16,026	$21,716	$23,884

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include University of Massachusetts Newman Center ($25,000).

Recipient	Purpose	Amount
UNIVERSITY OF MASSACHUSETTS NEWMAN CENTER Amherst, MA	General & Unrestricted	$25,000

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.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Portas Family Foundation?

Portas Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $327K in total assets as of 2024.

How large is Portas Family Foundation?

As of 2024, Portas Family Foundation holds $327K in total assets with $-10,755 in annual revenue. It awarded 1 grant totaling $25K in 2024.

Where does Portas Family Foundation operate?

Portas Family Foundation has awarded grants in Georgia, Massachusetts.

What size grants does Portas Family Foundation award?

In 2024, Portas Family Foundation awarded 1 grant totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.

How much is Portas Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Portas Family Foundation reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.