Proffitt Brothers Foundation Inc is a private foundation focused on Education, based in ROCKVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 1 grants totaling $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4K
+30.8% YoY
Annual Giving
$1K
-96.2% YoY
Grant Count
1
-83.3% YoY
Avg Grant Size
$1K
-77.2% YoY
Under IRS private-foundation payout rules, Proffitt Brothers Foundation Inc reported a distributable amount of $110 for 2024 — the minimum it must pay out in qualifying distributions.
About Proffitt Brothers Foundation Inc
Based on IRS filings
Proffitt Brothers Foundation Inc is a private foundation focused on Education, based in ROCKVILLE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4K in total assets. In 2024, it awarded 1 grants totaling $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,474 | $3,420 | $19,020 |
| Revenue | $7,154 | $21,733 | $25,604 |
| Expenses | $6,100 | $37,333 | $47,877 |
| Qualifying Distributions | $3,600 | $31,814 | $43,698 |
| Net Investment Income | — | — | — |
| Distributable Amount | $110 | $34 | $54 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include For 3 Sisters ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FOR 3 SISTERS OLNEY, MD | TO RAISE AWARENESS AND IMPROVE THE LIVES OF PEOPLE AFFECTED BY BREAST CANCER | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VINCENT PROFFITT | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Proffitt Brothers Foundation Inc?
Proffitt Brothers Foundation Inc is a private foundation focused on Education, based in ROCKVILLE, MD. It holds $4K in total assets as of 2024.
How large is Proffitt Brothers Foundation Inc?
As of 2024, Proffitt Brothers Foundation Inc holds $4K in total assets with $7K in annual revenue. It awarded 1 grants totaling $1K in 2024.
Where does Proffitt Brothers Foundation Inc operate?
Proffitt Brothers Foundation Inc has awarded grants in Colorado, District of Columbia, Florida, Maryland, Pennsylvania, Virginia.
What size grants does Proffitt Brothers Foundation Inc award?
In 2024, Proffitt Brothers Foundation Inc awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Proffitt Brothers Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Proffitt Brothers Foundation Inc reported a distributable amount of $110 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Proffitt Brothers Foundation Inc's EIN?
Proffitt Brothers Foundation Inc's EIN (Employer Identification Number) is 83-1229916. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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