Promethean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $10.5M in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $436K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.5M
+3.9% YoY
Annual Giving
$50K
Grant Count
3
Avg Grant Size
$17K
Under IRS private-foundation payout rules, Promethean Foundation Inc reported a distributable amount of $518K for 2024 — the minimum it must pay out in qualifying distributions.
About Promethean Foundation Inc
Based on IRS filings
Promethean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $10.5M in total assets. In 2024, it awarded 3 grants totaling $50K. Net investment income was $436K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $10,513,713 | $10,123,413 |
| Revenue | $489,821 | $10,132,258 |
| Expenses | $101,487 | $4,243 |
| Qualifying Distributions | $68,642 | $1,355 |
| Net Investment Income | $436,019 | $128,498 |
| Distributable Amount | $517,912 | $50,287 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Jersey Conservation Foundation ($30,000), The Great Swamp Watershed Association ($10,000), The Nature Conservancy ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE GREAT SWAMP WATERSHED ASSOCIATION NEW VERNON, NJ | UNRESTRICTED GENERAL | $10,000 |
| NEW JERSEY CONSERVATION FOUNDATION FAR HILLS, NJ | UNRESTRICTED GENERAL | $30,000 |
| THE NATURE CONSERVANCY ARLINGTON, VA | UNRESTRICTED GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ASHLEIGH PALMER | PRESIDENT, TREASURER, TRUSTEE | 9 | — |
| JULIE PALMER | VICE PRESIDENT, SECRETARY, TRUSTEE | 1 | — |
| ADAM PALMER | TRUSTEE | 1 | — |
| WILLOW PALMER | TRUSTEE | 1 | — |
| JAZMIN PALMER | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Promethean Foundation Inc?
Promethean Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $10.5M in total assets as of 2024.
How large is Promethean Foundation Inc?
As of 2024, Promethean Foundation Inc holds $10.5M in total assets with $490K in annual revenue. It awarded 3 grants totaling $50K in 2024.
Where does Promethean Foundation Inc operate?
Promethean Foundation Inc has awarded grants in New Jersey, Virginia.
What size grants does Promethean Foundation Inc award?
In 2024, Promethean Foundation Inc awarded 3 grants totaling $50K — an average of about $17K per grant, based on its IRS Form 990 filings.
How much is Promethean Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Promethean Foundation Inc reported a distributable amount of $518K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Promethean Foundation Inc's EIN?
Promethean Foundation Inc's EIN (Employer Identification Number) is 93-4016072. IRS Form 990 filing data is available on this page for 2023–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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