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.
Key facts about Prea Foundation Inc
- EIN
- 82-1060870
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $3,223,273
- Grants made (2025)
- 5
- Average grant
- $644,655
- Median grant
- $400,000
- Total assets
- $39,112,829
- Primary geography
- New York (70% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Prea Foundation Inc funds
By grant dollars, the top recipient states for Prea Foundation Inc's 5 itemized 2025 grants were New York (70%), District of Columbia (20%) and California (10%). The most frequent recipient cities were New York, NY (2 grants) and Washington, DC (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.
How Prea Foundation Inc gives
- Giving grew 161% from 2022 to 2025. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Prea Foundation Inc
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$39.1M
+9.4% YoY
Annual Giving
$3.2M
+12.9% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$645K
+12.9% YoY
About Prea Foundation Inc
Based on IRS filings
Prea Foundation Inc is a nonprofit organization 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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $39,112,829 | $35,763,271 | $24,550,282 |
| Revenue | $5,806,171 | $14,098,469 | $4,481,458 |
| Expenses | $4,311,800 | $3,712,060 | $3,288,293 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $624,528 | $556,350 | $657,521 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- 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
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Sponsors for Educational Opportunity Inc ($1,833,300), Girls Who Invest Inc ($408,973), The Urban Alliance Foundation Inc ($400,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deborah Harmon | Chair | 1 | — |
| Kevin Faxon | President | 1 | — |
| Linda Assante | Vice President | 1 | — |
| Dhvani Shah | Treasurer | 1 | — |
| Manny Casanga | Secretary | 1 | — |
| Kimberly Adams | Director | 1 | — |
| Dean Adler | Director | 1 | — |
| Anar Chudgar | Director (Ex-Officio) | 1 | — |
| Khalif Edwards | Director | 1 | — |
| Jeffrey Fine | Director | 1 | — |
| Gail Haynes | Director (Ex-Officio) | 1 | — |
| Sonny Kalsi | Director | 1 | — |
| Zaneta Koplewicz | Director | 1 | — |
| Eric Lang | Director | 1 | — |
| Chris Lee | Director | 1 | — |
| Cathy Marcus | Director | 1 | — |
| Alfonso Munk | Director | 1 | — |
| Amanda Nunnink | Director | 1 | — |
| Christina Scarlato | Director | 1 | — |
| Jonathan Slager | Director | 1 | — |
| Arturo Sneider | Director | 1 | — |
| Denise Stake | Director | 1 | — |
| Sally Stocks | Director | 1 | — |
| Ivan Barron | Executive Director | 40 | $324,244 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Prea Foundation Inc?
Prea Foundation Inc is a nonprofit organization focused on Employment, based in Hartford, CT. It holds $39.1M in total assets as of 2025.
How large is Prea Foundation Inc?
As of 2025, Prea Foundation Inc holds $39.1M in total assets with $5.8M in annual revenue. It awarded 5 grants totaling $3.2M in 2025.
Where does Prea Foundation Inc operate?
Prea Foundation Inc has awarded grants in California, District of Columbia, Illinois, New York.
What size grants does Prea Foundation Inc award?
In 2025, Prea Foundation Inc awarded 5 grants totaling $3.2M — an average of about $645K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.