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 grant totaling $1K.
Key facts about Proffitt Brothers Foundation Inc
- EIN
- 83-1229916
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,000
- Grants made (2024)
- 1
- Average grant
- $1,000
- Median grant
- $1,000
- Total assets
- $4,474
- Primary geography
- Maryland (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Proffitt Brothers Foundation Inc gives
- Giving fell 99% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Proffitt Brothers Foundation Inc
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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 grant totaling $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- 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 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 recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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 grant 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 grant 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 September 2026. Sourced from IRS Form 990-PF filings.