Prea Foundation Inc
The mission of Prea Foundation, inc. Is to advance the interests and values of the institutional real estate investment community by creating opportunities for people from all backgrounds to access and excel in the industry.
Prea Foundation Inc at a glance
In short: Prea Foundation Inc gave $3.2M across 5 grants in 2025 (avg $645K), mostly in New York. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $3,223,273
- +12.9% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $644,655
- +12.9% vs 2024
- Median grant
- $400,000
- Total assets
- $39,112,829
- +9.4% vs 2024
- Primary geography
- New York (70% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Prea Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Sponsors for Educational Opportunity Inc ($1.8M). Together the top 5 received $3.2M.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 22 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How Prea Foundation Inc gives
- Giving grew 161% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $100K (2019) to $3.2M (2025). In 2025 it made 5 grants totaling $3.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sponsors for Educational Opportunity Inc New York, NY | Prea/SEO Real Estate Track Summer 2025 Internship Program. | $1,833,300 |
| Girls Who Invest Inc New York, NY | Initiative to increase the number of college-age women who are exposed to real estate investment management careers through education and internships. | $408,973 |
| The Urban Alliance Foundation Inc Washington, DC | To expose students ages 16-24 to the real estate industry. | $400,000 |
| Robert a Toigo Foundation Oakland, CA | Educational program advancing the entrance and ongoing skill development of mbas into the field of real estate. | $331,000 |
| Mortgage Bankers Association Washington, DC | Through the cref awareness program, broaden outreach and attract a new generation of students by directly connecting students to education and intership/job opportunties within the real estate industry. | $250,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $39,112,829 | $5,806,171 | $4,311,800 | $3,223,273 | 5 | $624,528 |
| 2024 | $35,763,271 | $14,098,469 | $3,712,060 | $2,855,852 | 5 | $556,350 |
| 2023 | $24,550,282 | $4,481,458 | $3,288,293 | $2,502,541 | 5 | $657,521 |
| 2022 | $23,190,569 | $9,656,557 | $1,773,490 | $1,234,859 | 4 | $159,451 |
| 2021 | $15,344,989 | $2,684,612 | $1,531,944 | $1,064,650 | 3 | $935 |
| 2020 | $14,168,741 | $648,969 | $1,005,755 | $725,000 | 2 | $17,624 |
| 2019 | $14,559,053 | $4,107,208 | $288,332 | $100,000 | 1 | $89,177 |
About Prea Foundation Inc
Based on IRS filings
Prea Foundation Inc is a public charity focused on Employment, based in Hartford, CT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $39.1M in total assets. In 2025, it awarded 5 grants totaling $3.2M. Net investment income was $625K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Prea Foundation Inc is led by Ivan Barron, Executive Director on every filing since 2020; 1 of 24 officers listed in 2025 is compensated.
Officers on the 2025 filing
Ivan Barron
Executive Director
On filings since 2020
40 hrs/week
$25K (2020) → $324K (2025)
Kevin Faxon
President
On filings since 2019
1 hr/week
No compensation reported
Deborah Harmon
Chair
New on the 2025 filing
1 hr/week
No compensation reported
Eric Lang
Director
On filings since 2019
1 hr/week
No compensation reported
Gail Haynes
Director
On filings since 2019
1 hr/week
No compensation reported
Sonny Kalsi
Director
On filings since 2019
1 hr/week
No compensation reported
Chris Lee
Director
On filings since 2020
1 hr/week
No compensation reported
Christina Scarlato
Director
On filings since 2022
1 hr/week
No compensation reported
Jonathan Slager
Director
On filings since 2023
1 hr/week
No compensation reported
Alfonso Munk
Director
On filings since 2024
1 hr/week
No compensation reported
Amanda Nunnink
Director
On filings since 2024
1 hr/week
No compensation reported
Anar Chudgar
Director
On filings since 2024
1 hr/week
No compensation reported
Dean Adler
Director
On filings since 2024
1 hr/week
No compensation reported
Kimberly Adams
Director
On filings since 2024
1 hr/week
No compensation reported
Arturo Sneider
Director
New on the 2025 filing
1 hr/week
No compensation reported
Cathy Marcus
Director
New on the 2025 filing
1 hr/week
No compensation reported
Denise Stake
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeffrey Fine
Director
New on the 2025 filing
1 hr/week
No compensation reported
Khalif Edwards
Director
New on the 2025 filing
1 hr/week
No compensation reported
Sally Stocks
Director
New on the 2025 filing
1 hr/week
No compensation reported
Zaneta Koplewicz
Director
New on the 2025 filing
1 hr/week
No compensation reported
Dhvani Shah
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Linda Assante
Vice President
Director → Vice President, 2023
On filings since 2020
1 hr/week
No compensation reported
Manny Casanga
Secretary
Director → Secretary, 2024
On filings since 2022
1 hr/week
No compensation reported
Former officers (17)
- Former: Debbie Harmon (2019–2024) — Chair
- Former: Yvonne Nelson (2019–2024) — Director
- Former: John Brady (2020–2024) — Director
- Former: Tom Lee (2020–2024) — Director
- Former: Chad Tredway (2021–2024) — Director
- Former: Jeff Fine (2022–2024) — Director
- Former: Lee Millstein (2022–2024) — Director
- Former: Melinda Ellis-Evers (2022–2024) — Director
- Former: Eric Wu (2023–2024) — Director
- Former: David Gilbert (2019–2023) — Director
- Former: Jonathan Davis (2019–2023) — Director
- Former: Kathleen McCarthy (2019–2023) — Vice President
- Former: Mike Dire (2019–2023) — Director
- Former: Dean Alder (2023) — Director
- Former: Kathy Jeramaz-Larson (2019–2020) — Executive Director
- Former: Ralph Rosenberg (2019–2020) — Director
- Former: Glenn Lowenstein (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $324K, to Ivan Barron (Executive Director).
Frequently asked questions about Prea Foundation Inc
How much does Prea Foundation Inc give each year?
Prea Foundation Inc gave $3.2M across 5 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.9M across 5 grants.
What is Prea Foundation Inc's typical grant size?
Prea Foundation Inc's median grant in 2025 was $400,000, and its average grant was $644,655, across 5 grants on its 2025 IRS Form 990.
Where does Prea Foundation Inc give grants?
Prea Foundation Inc gives mostly in New York: 70% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were District of Columbia (20%) and California (10%). The most frequent recipient cities were New York, NY (2 grants) and Washington, DC (2 grants).
Does Prea Foundation Inc give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Prea Foundation Inc's 2025 IRS Form 990 were described as general or operating support.
Who are Prea Foundation Inc's largest grantees?
Prea Foundation Inc's largest 2025 grantees include Sponsors for Educational Opportunity Inc ($1,833,300), Girls Who Invest Inc ($408,973) and The Urban Alliance Foundation Inc ($400,000), according to its 2025 IRS Form 990. Together they received 82% of its itemized 2025 grant dollars.
How large is Prea Foundation Inc?
Prea Foundation Inc reported $39.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.8M.
What is Prea Foundation Inc?
Prea Foundation Inc is a public charity focused on Employment, based in Hartford, CT. It holds $39.1M in total assets as of 2025.
What is Prea Foundation Inc's EIN?
Prea Foundation Inc's EIN (Employer Identification Number) is 82-1060870. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 29, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 2, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 8, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Prea Foundation Inc funds
Employment Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Prea Foundation Inc's focus areas in our free grants database
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