Promys Foundation
All activities of the Promys Foundation are designed to serve a single purpose: to support the non-profit program in mathematics for young scientists (PROMYS) whose mission is finding and nurturing talent in mathematics. The PROMYS program is a program of boston university, an organization described in section 501(c)(3) and section 170(b)(I)(a)(II). The activities of the Promys Foundation will center on fundraising with the primary goal being to provide funds to PROMYS to fund student scholarships.
Promys Foundation at a glance
In short: Promys Foundation gave $905K across 4 grants in 2024 (avg $226K), mostly in Massachusetts. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $904,946
- +86.1% vs 2023
- Grants made (2024)
- 4
- -55.6% vs 2023
- Average grant
- $226,237
- +318.8% vs 2023
- Median grant
- $202,473
- Total assets
- $1,548,919
- -20.4% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Promys Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Promys Inc ($276K).
Organizations only. It also paid 3 grants to individuals ($628,805), which are not listed by name.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 18 grants of 30 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Promys Foundation gives
- Giving grew 1202% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $70K (2021) to $905K (2024). In 2024 it made 4 grants totaling $905K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 grants to individuals Recipients not named | — | $628,805 |
| Promys Inc Boston, MA | Support Promys Inc's Mission | $276,141 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,548,919 | $540,886 | $948,804 | $904,946 | 4 | $65,717 |
| 2023 | $1,946,644 | $977,797 | $493,575 | $486,226 | 9 | $27,662 |
| 2022 | $1,448,389 | $867,128 | $404,975 | $280,000 | 7 | $3,821 |
| 2021 | $1,024,658 | $438,814 | $158,756 | $69,500 | 4 | $31,538 |
| 2020 | $755,442 | $403,554 | $282,323 | $177,503 | 6 | $5,806 |
About Promys Foundation
Based on IRS filings
Promys Foundation is a public charity focused on Education, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 4 grants totaling $905K. Net investment income was $66K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Promys Foundation is led by Wan-Yin Wu, President since 2023 (on filings since 2020); none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Wan-Yin Wu
President
Trustee & President → Trustee & President Present, 2022
Trustee & President Present → President, 2023
On filings since 2020
1 hr/week
No compensation reported
Amanda Beeson Tucker
Trustee
Trustee & President → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Cameron Freer
Trustee
On filings since 2020
1 hr/week
No compensation reported
Ila Varma
Trustee
On filings since 2020
1 hr/week
No compensation reported
Li-Mei Lim
Trustee
Trustee & Treasurer → Trustee, 2022
On filings since 2020
1 hr/week
No compensation reported
Michael King
Trustee
On filings since 2020
1 hr/week
No compensation reported
Caleb Shor
Trustee
On filings since 2021
1 hr/week
No compensation reported
Glenn Stevens
Treasurer
Trustee & Treasurer → Trustee & Treasurer Presen, 2022
Trustee & Treasurer Presen → Treasurer, 2023
On filings since 2020
1 hr/week
No compensation reported
Henry Cohn
Secretary
Trustee, Secretary, Trustee & President → Trustee, Secretary Prese, Trustee & President, 2022
Trustee, Secretary Prese, Trustee & President → Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
Marjory Baruch
Vice President & President Elect
Trustee & Vice President → Vice President, 2023
Vice President → Vice President & President Elect, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (4)
- Former: Joshua Greene (2020–2024) — Trustee · Filing note: Resigned 111025
- Former: Paul Sherman (2020–2023) — Trustee -
- Former: Demi Dubois (2020–2022) — Treasurer
- Former: Arjun Khandelwal (2021–2022) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 Promys Foundation
How much does Promys Foundation give each year?
Promys Foundation gave $905K across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $486K across 9 grants.
What is Promys Foundation's typical grant size?
Promys Foundation's median grant in 2024 was $202,473, and its average grant was $226,237, across 4 grants on its 2024 IRS Form 990.
Where does Promys Foundation give grants?
Promys Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there.
Does Promys Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Promys Foundation's 2024 IRS Form 990 were described as general or operating support.
How large is Promys Foundation?
Promys Foundation reported $1.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $541K.
What is Promys Foundation?
Promys Foundation is a public charity focused on Education, based in Boston, MA. It holds $1.5M in total assets as of 2024.
What is Promys Foundation's EIN?
Promys Foundation's EIN (Employer Identification Number) is 45-2917981. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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Promys Foundation down — hundreds of funders to go?