Princeton Prospect Foundation
To facilitate the historic preservation of princeton eating clubs and to further the education of students belonging to the clubs.
Princeton Prospect Foundation at a glance
In short: Princeton Prospect Foundation gave $2.5M across 6 grants in 2025 (avg $415K), mostly in New Jersey. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $2,490,490
- +133.4% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $415,082
- +16.7% vs 2024
- Median grant
- $180,176
- Total assets
- $9,622,381
- +7.1% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Princeton Prospect Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Princeton Charter Club ($1.5M). Together the top 6 received $2.5M.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was in the $100–250K range: 8 grants of 15 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Princeton Prospect Foundation gives
- Giving grew 583% 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 2021 to 2025, annual grant giving ranged from $159K (2023) to $2.5M (2025). In 2025 it made 6 grants totaling $2.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Princeton Charter Club Princeton, NJ | Educational Purposes & Historic Preservation | $1,478,392 |
| Tiger Inn Princeton, NJ | Educational Purposes & Historic Preservation | $493,747 |
| Cloister Inn of Princeton University Princeton, NJ | Educational Purposes & Historic Preservation | $210,351 |
| Princeton Quadrangle Club Princeton, NJ | Educational Purposes & Historic Preservation | $150,000 |
| Princeton Terrace Club Princeton, NJ | Educational Purposes & Historic Preservation | $139,000 |
| Colonial Club Princeton, NJ | Educational Purposes & Historic Preservation | $19,000 |
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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 | $9,622,381 | $2,945,885 | $2,538,800 | $2,490,490 | 6 | $345,416 |
| 2024 | $8,986,645 | $4,554,362 | $1,118,871 | $1,066,860 | 3 | $167,199 |
| 2023 | $5,407,576 | $2,482,323 | $194,637 | $158,625 | 2 | $56,056 |
| 2022 | $3,019,390 | $864,854 | $393,047 | $364,711 | 2 | $55,419 |
| 2021 | $2,842,393 | $521,421 | $687,666 | $663,164 | 2 | $34,820 |
About Princeton Prospect Foundation
Based on IRS filings
Princeton Prospect Foundation is a public charity focused on Education, based in Princeton, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $9.6M in total assets. In 2025, it awarded 6 grants totaling $2.5M. Net investment income was $345K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Princeton Prospect Foundation is led by Graham Harrison, Chairman on every filing since 2021; 1 of 10 officers listed in 2025 is compensated.
Officers on the 2025 filing
Graham Harrison
Chairman
On filings since 2021
5 hrs/week
No compensation reported
Andrea Rabitz
Trustee
On filings since 2021
1 hr/week
No compensation reported
Bill Golden
Trustee
On filings since 2021
1 hr/week
No compensation reported
Karl Pettit
Trustee
On filings since 2021
1 hr/week
No compensation reported
Adi Rajagopalan
Trustee
On filings since 2023
1 hr/week
No compensation reported
Lexy Sarstedt
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Valarie Bay
Comptroller
Treasurer → Comptroller, 2025
On filings since 2021
5 hrs/week
$7K (2021) → $7K (2025)
Corbin Miller
Secretary
On filings since 2021
1 hr/week
No compensation reported
Doug Rubin
Treasurer
Trustee → Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Timothy Burman
Vice Chair
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Bryan Blount (2021–2024) — Trustee
- Former: Robert Haines (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "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 $7K, to Valarie Bay (Comptroller).
Frequently asked questions about Princeton Prospect Foundation
How much does Princeton Prospect Foundation give each year?
Princeton Prospect Foundation gave $2.5M across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 3 grants.
What is Princeton Prospect Foundation's typical grant size?
Princeton Prospect Foundation's median grant in 2025 was $180,176, and its average grant was $415,082, across 6 grants on its 2025 IRS Form 990.
Where does Princeton Prospect Foundation give grants?
Princeton Prospect Foundation gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Princeton, NJ (6 grants).
Does Princeton Prospect Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Princeton Prospect Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Educational Purposes & Historic Preservation" (6 grants).
Who are Princeton Prospect Foundation's largest grantees?
Princeton Prospect Foundation's largest 2025 grantees include Princeton Charter Club ($1,478,392), Tiger Inn ($493,747) and Cloister Inn of Princeton University ($210,351), according to its 2025 IRS Form 990. Together they received 88% of its itemized 2025 grant dollars.
How large is Princeton Prospect Foundation?
Princeton Prospect Foundation reported $9.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.9M.
What is Princeton Prospect Foundation?
Princeton Prospect Foundation is a public charity focused on Education, based in Princeton, NJ. It holds $9.6M in total assets as of 2025.
What is Princeton Prospect Foundation's EIN?
Princeton Prospect Foundation's EIN (Employer Identification Number) is 22-6075964. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 9, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 17, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 17, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS December 19, 2025)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Princeton Prospect Foundation funds
Education Open opportunities, soonest deadline first.
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