Promethean Fund
Promethean Fund is a private foundation, based in Milwaukee, WI. IRS filing data is available from 2018 through 2021. As of 2021, the organization holds $300K in total assets. In 2021, it awarded 1 grant totaling $25K. Net investment income was $24K.
Promethean Fund at a glance
In short: Promethean Fund gave $25K across 1 grant in 2021 (avg $25K), mostly in Wisconsin. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $25,000
- +0.0% vs 2020
- Grants made (2021)
- 1
- +0.0% vs 2020
- Average grant
- $25,000
- +0.0% vs 2020
- Median grant
- $25,000
- Total assets
- $300,264
- +8.4% vs 2020
- Primary geography
- Wisconsin (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated October 2026.
Who Promethean Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2021
The largest 2021 recipient was Cathedral of St John the Evangelist ($25K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2021 grant dollars on its one itemized grant.
States
Cities
How Promethean Fund gives
- Giving grew 150% from 2018 to 2021. Method
- In 2021 it paid out 143% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2021, annual grant giving ranged from $10K (2018) to $25K (2021). In 2021 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cathedral of St John the Evangelist Milwaukee, WI | Open Door Cafe Food Service for the Homeless. | $25,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | $300,264 | $48,505 | $25,128 | $25,000 | 1 | $25,128 | $23,505 | $17,522 |
| 2020 | $276,933 | $37,690 | $25,000 | $25,000 | 1 | — | $7,690 | $14,280 |
| 2019 | $264,243 | $37,020 | $23,483 | $20,000 | 1 | — | $10,174 | $13,351 |
| 2018 | $250,216 | $27,138 | $13,360 | $10,000 | 1 | — | $13,778 | $12,974 |
Under IRS private-foundation payout rules, Promethean Fund reported a distributable amount of $18K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Promethean Fund is led by Benjamin Checota, Trustee on every filing since 2018 — the only officer listed, and uncompensated.
Officers on the 2021 filing
Benjamin Checota
Trustee
On filings since 2018
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2018–2021. "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 Promethean Fund
How much does Promethean Fund give each year?
Promethean Fund gave $25K across 1 grant in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $25K across 1 grant.
How large is Promethean Fund?
Promethean Fund reported $300K in total assets on its 2021 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
Where does Promethean Fund operate?
Promethean Fund has awarded grants in Wisconsin.
What is Promethean Fund's EIN?
Promethean Fund's EIN (Employer Identification Number) is 47-2187145. IRS Form 990 filing data is available on this page for 2018–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2018 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- IRS filings on file for fiscal years 2018–2021
Live grants for the work Promethean Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Promethean Fund's focus areas in our free grants database
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