Prince Foundation
Prince Foundation is a private foundation based in Chicago, Illinois. Its 2024 filing reports $159,500 in grants to 10 recipients. The related Prince Charitable Trusts describe their giving as focused on Chicago, Washington, D.C., and Newport, Rhode Island, with support for arts, environment, youth, health, and other areas.
Prince Foundation at a glance
In short: Prince Foundation gave $160K across 10 grants in 2024 (avg $16K), top state Rhode Island. 80% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $159,500
- +190.0% vs 2023
- Grants made (2024)
- 10
- +233.3% vs 2023
- Average grant
- $15,950
- -13.0% vs 2023
- Median grant
- $12,500
- Total assets
- $2,228,765
- -4.0% vs 2023
- New grantees (estimate)
- 80% first-time grantees (8 of 10, 2024; small sample)
- Primary geography
- Rhode Island (31% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Prince Foundation
- How to Apply
-
The Trusts provide a Community Inquiry Form for organizations to share their work and describe an application process requiring the materials listed above. The 2024 filing states that giving is not restricted to preselected organizations.
- Review Cycle
- The 2024 filing lists no deadlines. The Chicago performing arts fall application deadline of August 25, 2026, was by invitation only and has passed.
- Deadline
- The 2024 filing lists no deadlines.
- Contact
Application contact: Prince Charitable Trusts
Mailing address: 140 S Dearborn St Ste 1410, Chicago, IL 60603
Phone: (312) 419-8700
Website: https://www.princetrusts.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Prince Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Elmwood Cemetery Foundation ($35K). Together the top 10 received $160K.
Grant Size Distribution
216 grants across all recorded years
The most common grant size was under $50K: 200 grants of 216 (93%).
Geographic Focus
Where this funder awards grants
The Trusts state that they support programs in Chicago, Illinois; Washington, D.C.; and Newport, Rhode Island. In the foundation’s 2024 filing, grant dollars went to recipients in Rhode Island (31%), Missouri (22%), Massachusetts (19%), Illinois (16%), and Pennsylvania (9%); the listed grants also included a $5,000 award to a New York recipient.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
Is Prince Foundation open to new grantees?
80%
first-time grantees, 2024
In 2024, 8 of 10 grantees (80%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $17K; repeat grants $10K. How we count
Medians: $15K first-time, $10K repeat.
- 20% of 2024 grantees were also funded in 2023. Method
- Giving fell 93% from 2021 to 2024. Method
- In 2024 it paid out 140% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $55K (2023) to $2.4M (2021). In 2024 it made 10 grants totaling $160K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elmwood Cemetery Foundation Kansas City, MO | restoration projects at Armour Chapel | $35,000 |
| Auxiliary of John H Stroger Jr Hospital of Cook County Chicago, IL | Healing Hurt People program | $25,000 |
| Berkshire School Inc Sheffield, MA | capital campaign | $25,000 |
| SRBA Historic Building and Environmental Preservation Foundation Newport, RI | historic and environmental preservation | $20,000 |
| Grant Foundation Pittsburgh, PA | general operating support | $15,000 |
| Friends of Newport Skatepark Newport, RI | general operating support | $10,000 |
| Green Oceans Little Compton, RI | general operating support | $10,000 |
| Newport Tree Conservancy Newport, RI | Beech Tree protection | $9,500 |
| President and Fellows of Harvard College Cambridge, MA | general operating support | $5,000 |
| Video Volunteers New York, NY | general operating support | $5,000 |
Ready to take the next step with Prince Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,228,765 | $99,999 | $172,179 | $159,500 | 10 | $159,500 | $95,196 | $113,820 |
| 2023 | $2,321,438 | $113,549 | $74,166 | $55,000 | 3 | $55,718 | $72,635 | $108,701 |
| 2022 | $2,219,346 | $2,594,614 | $2,695,642 | $2,252,148 | 61 | $2,686,200 | $88,938 | $167,585 |
| 2021 | $2,817,358 | $2,579,258 | $2,805,734 | $2,376,010 | 77 | $2,780,132 | $54,441 | $183,948 |
| 2020 | $3,126,154 | $2,692,876 | $2,770,335 | $2,365,278 | 65 | — | $155,730 | $188,080 |
Under IRS private-foundation payout rules, Prince Foundation reported a distributable amount of $114K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The Prince Charitable Trusts do not state a formal mission in the available information. Their stated funding areas include Chicago theater, music and dance, environmental justice, and sports-based youth development; Washington, D.C. arts and culture, resilient land use, and strong democracy; and Newport arts and cultural heritage, environment, and human services.
The Trusts say they fund only charitable organizations that are tax-exempt under Section 501(c)(3) and classified as public charities under Section 509(a)(1) or 509(a)(2). Faith-based organizations may receive support for secular projects, but the Trusts do not fund projects that promote or proselytize religion. They also state that they do not fund organizations that discriminate on specified grounds, including race, religion, gender identity, sexual orientation, disability, or veteran status.
Grantees’ stated missions illustrate the range of organizations supported. The Berkshire School describes its work as providing young people with intellectual and moral foundations and leadership skills. SRBA Historic Building and Environmental Preservation Foundation describes its work as preserving historic buildings and conserving surrounding environmentally sensitive land. Friends of Newport Skatepark describes its work as supporting development of a public skate park in Newport, while Green Oceans describes its work as educating the public about the ocean and the need to protect it.
Grantmaking
In 2024, the foundation reported 10 grants totaling $159,500. Grants ranged from $5,000 to $35,000, with a median of $12,500. Among the largest grants were $35,000 to Elmwood Cemetery Foundation for restoration projects at Armour Chapel; $25,000 to the Auxiliary of John H. Stroger Jr. Hospital of Cook County for its Healing Hurt People program; $25,000 to Berkshire School for its capital campaign; and $20,000 to SRBA Historic Building and Environmental Preservation Foundation for historic and environmental preservation. Other 2024 grants included $15,000 to Grant Foundation for general operating support and $10,000 each to Friends of Newport Skatepark and Green Oceans for general operating support.
The Trusts invite organizations whose work aligns with their priorities to share a brief overview through a Community Inquiry Form. The 2024 filing says applicants should submit a written proposal, an IRS determination letter under Section 509(a), a current budget, audited financial statements, and other descriptive materials; it lists no restrictions on awards. The Trusts generally make one grant per organization per year and say they prefer general operating grants in most cases.
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation’s 2024 filing lists Diana C. Prince and Patrick Wood-Prince as co-chairpersons; Charles Twichell as president and assistant secretary; Carolynn Brunette as vice president and assistant secretary; and Toni Dobbins as treasurer and secretary.
Prince Foundation is led by Charles Twichell, President & Assistant Secretary on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Charles Twichell
President & Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
Diana C. Prince
Co-Chairperson
On filings since 2020
1 hr/week
No compensation reported
Patrick Wood-Prince
Co-Chairperson
On filings since 2020
1 hr/week
No compensation reported
Carolynn Brunette
Vice President & Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
Toni Dobbins
Treasurer & Secretary
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 Prince Foundation
How much does Prince Foundation give each year?
Prince Foundation gave $160K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 3 grants.
What is Prince Foundation's typical grant size?
Prince Foundation's median grant in 2024 was $12,500, and its average grant was $15,950, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Prince Foundation that year got $17K on average.
Where does Prince Foundation give grants?
Prince Foundation's top state is Rhode Island, with 31% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Missouri (22%) and Massachusetts (19%). The most frequent recipient cities were Newport, RI (3 grants).
Does Prince Foundation give general operating support?
Yes: 50% of Prince Foundation's 2024 grants with a stated purpose (5 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Prince Foundation's largest grantees?
Prince Foundation's largest 2024 grantees include Elmwood Cemetery Foundation ($35,000), Auxiliary of John H Stroger Jr Hospital of Cook County ($25,000) and Berkshire School Inc ($25,000), according to its 2024 IRS Form 990-PF. Together they received 53% of its itemized 2024 grant dollars.
How large is Prince Foundation?
Prince Foundation reported $2.2M in total assets on its 2024 IRS Form 990-PF. It paid out $160K in qualifying distributions that year, against a required minimum of $114K (roughly 5% of its investment assets).
What does Prince Foundation fund?
The Prince Charitable Trusts do not state a formal mission in the available information. See mission & focus areas ↑
How do I apply for a grant from Prince Foundation?
The Trusts provide a Community Inquiry Form for organizations to share their work and describe an application process requiring the materials listed above. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Prince Foundation's EIN?
Prince Foundation's EIN (Employer Identification Number) is 36-6116507. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Prince Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/prince-foundation-morg_62854e36eec7444a9b612fc8f67c9e9c
BibTeX
@misc{grantable_366116507_2026,
author = {{Grantable}},
title = {{Prince Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/prince-foundation-morg_62854e36eec7444a9b612fc8f67c9e9c},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Prince Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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