Progeny Foundation Inc
Progeny Foundation Inc is a private foundation focused on Youth Development, based in Indianapolis, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.7M in total assets. In 2025, it awarded 1 grant totaling $700. Net investment income was $278K.
Progeny Foundation Inc at a glance
In short: Progeny Foundation Inc gave $700 across 1 grant in 2025 (avg $700), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $700
- Grants made (2025)
- 1
- Average grant
- $700
- Median grant
- $700
- Total assets
- $8,679,062
- -5.3% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Progeny Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Horizon League ($700).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
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 Progeny Foundation Inc gives
- In 2025 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $700.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Horizon League Indianapolis, IN | General Fund | $700 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $8,679,062 | $57,280 | $364,822 | $700 | 1 | $280,849 | $278,249 | $321,104 |
| 2024 | $9,161,901 | $431,155 | $431,659 | — | — | $350,669 | $544,452 | $304,715 |
| 2023 | $8,959,947 | $100,405 | $348,015 | — | — | $257,791 | $154,936 | $304,596 |
| 2022 | $9,380,288 | $703,452 | $399,494 | — | — | $315,159 | $265,673 | $358,431 |
| 2021 | $8,787,182 | $8,498,511 | $31,279 | — | — | — | $1,045 | — |
| 2020 | $319,950 | $103,257 | $26,716 | — | — | — | — | — |
Under IRS private-foundation payout rules, Progeny Foundation Inc reported a distributable amount of $321K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Progeny Foundation Inc is led by David Deram, President since 2022 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
David Deram
President
Vice Chair → President, 2022
On filings since 2020
20 hrs/week
No compensation reported
Vicki Perry
Chairperson
On filings since 2020
No compensation reported
Brooke Deram
Secretary
On filings since 2020
No compensation reported
Jason Zoch
Treasurer
On filings since 2020
No compensation reported
Former officers (1)
- Former: Jay Henderson (2020–2021) — Board Member
Data from IRS Form 990 filings, 2020–2025. "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 Progeny Foundation Inc
How much does Progeny Foundation Inc give each year?
Progeny Foundation Inc gave $700 across 1 grant in 2025, according to its 2025 IRS Form 990-PF.
How large is Progeny Foundation Inc?
Progeny Foundation Inc reported $8.7M in total assets on its 2025 IRS Form 990-PF. It paid out $281K in qualifying distributions that year, against a required minimum of $321K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Progeny Foundation Inc?
Progeny Foundation Inc is a private foundation focused on Youth Development, based in Indianapolis, IN. It holds $8.7M in total assets as of 2025.
Where does Progeny Foundation Inc operate?
Progeny Foundation Inc has awarded grants in Indiana.
What is Progeny Foundation Inc's EIN?
Progeny Foundation Inc's EIN (Employer Identification Number) is 26-2837637. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Progeny Foundation Inc's focus areas in our free grants database
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