Preparatory Foundation Inc
To provide enhancement of educational college preparatory opportunities in the boston area
Preparatory Foundation Inc at a glance
In short: Preparatory Foundation Inc gave $420K across 1 grant in 2025 (avg $420K), mostly in Massachusetts. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $420,000
- -48.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $420,000
- -48.4% vs 2024
- Median grant
- $420,000
- Total assets
- $62,755,042
- -0.6% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Preparatory Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Boston Preparatory Charter Public School ($420K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Preparatory Foundation Inc gives
- Giving fell 68% 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 $420K (2025) to $1.7M (2020). In 2025 it made 1 grant totaling $420K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boston Preparatory Charter Public School Hyde Park, MA | To enhance the educational program of boston preparatory charter public school and for capital improvements. | $420,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2025 | $62,755,042 | $4,524,513 | $2,561,256 | $420,000 | 1 |
| 2024 | $63,110,285 | $3,218,350 | $2,930,340 | $813,815 | 1 |
| 2023 | $64,701,277 | $4,309,510 | $3,788,117 | $1,448,758 | 1 |
| 2022 | $65,188,971 | $4,386,589 | $3,805,240 | $1,293,698 | 1 |
| 2021 | $39,866,079 | $3,595,324 | $3,874,372 | $1,377,611 | 1 |
| 2020 | $40,714,953 | $3,070,680 | $4,272,988 | $1,716,678 | 1 |
| 2019 | $42,493,207 | $3,361,119 | $3,865,594 | $1,297,532 | 1 |
About Preparatory Foundation Inc
Based on IRS filings
Preparatory Foundation Inc is a public charity, based in Hyde Park, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $62.8M in total assets. In 2025, it awarded 1 grant totaling $420K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Preparatory Foundation Inc is led by William Clark, President on every filing since 2023; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
William Clark
President
On filings since 2023
1 hr/week
No compensation reported
Bruce Buxton
Director
On filings since 2019
1 hr/week
No compensation reported
Carolyn Osteen
Director
On filings since 2019
1 hr/week
No compensation reported
Jeremy Benedict
Director
On filings since 2019
1 hr/week
No compensation reported
John Grandin
Director
President → Director, 2020
On filings since 2019
1 hr/week
No compensation reported
Preston McSwain
Director
On filings since 2019
1 hr/week
No compensation reported
Tom Sorbo
Director
On filings since 2020
1 hr/week
No compensation reported
Tamara Olsen
Director
On filings since 2024
1 hr/week
No compensation reported
Andrew Kaplan
Director
New on the 2025 filing
1 hr/week
No compensation reported
Carol Taylor
Clerk
Clerk → Secretary, 2020
Secretary → Clerk, 2021
On filings since 2019
1 hr/week
No compensation reported
Howard McCue
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (4)
- Former: Tamar Dor-Ner (2019–2024) — Director
- Former: Charlotte Johnson (2019–2023) — Director
- Former: Bill Clark (2019–2022) — President
- Former: Scott McCue (2019–2022) — 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.
Frequently asked questions about Preparatory Foundation Inc
How much does Preparatory Foundation Inc give each year?
Preparatory Foundation Inc gave $420K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $814K across 1 grant.
How large is Preparatory Foundation Inc?
Preparatory Foundation Inc reported $62.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.5M.
Where does Preparatory Foundation Inc operate?
Preparatory Foundation Inc has awarded grants in Massachusetts.
What is Preparatory Foundation Inc's EIN?
Preparatory Foundation Inc's EIN (Employer Identification Number) is 11-3690799. 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 2019 (received by the IRS June 23, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 24, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 15, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Preparatory Foundation Inc funds
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Preparatory Foundation Inc down — hundreds of funders to go?