Prop Foundation Inc
Prop Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Missoula, MT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 6 grants totaling $70K. Net investment income was $164K.
Prop Foundation Inc at a glance
In short: Prop Foundation Inc gave $70K across 6 grants in 2025 (avg $12K), mostly in Montana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $69,600
- -13.0% vs 2024
- Grants made (2025)
- 6
- -40.0% vs 2024
- Average grant
- $11,600
- +45.0% vs 2024
- Median grant
- $8,300
- Total assets
- $1,634,654
- +5.2% vs 2024
- Primary geography
- Montana (60% 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 Prop Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Missoula Downtown Association ($25K). Together the top 6 received $70K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Prop Foundation Inc gives
- Giving grew 67% from 2022 to 2025. Method
- In 2025 it paid out 77% 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-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $28K (2019) to $85K (2020). In 2025 it made 6 grants totaling $70K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Missoula Downtown Association Missoula, MT | Support Elizabeth Stegmaier's documentary on the life and artistic career of Jay Rummel | $25,000 |
| Northern California Public Media Rohnert Park, CA | Support nancy kelly's episode #7 agnes vianzon johnson documentary short | $15,000 |
| Jenny Lynn Fawcett Butte, MT | Support Junior the Band with Their New Album | $8,600 |
| Missoula Art Museum Missoula, MT | Support Honoraria Budget for Brian Maguire Exhibition | $8,000 |
| Molly Stark Ragsdale Garden City, NY | Support film production of I want you to have richard | $8,000 |
| Inuksuk Media Inc Moab, UT | Support documentary research through interviews and storytelling with residents and artisans along the silk road routes | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,634,654 | $164,126 | $85,270 | $69,600 | 6 | $69,600 | $163,922 | $90,852 |
| 2024 | $1,554,198 | $337,296 | $86,359 | $80,000 | 10 | $80,000 | $327,526 | $78,960 |
| 2023 | $1,303,261 | $62,643 | $47,896 | $44,150 | 6 | $44,150 | $62,643 | $72,716 |
| 2022 | $1,288,514 | $47,799 | $45,953 | $41,750 | 7 | $41,750 | $47,799 | $78,601 |
| 2021 | $1,284,817 | $98,637 | $34,580 | $30,000 | 3 | $30,000 | $96,897 | $74,624 |
| 2020 | $1,220,760 | $161,735 | $90,089 | $84,500 | 8 | — | $98,638 | $64,363 |
| 2019 | $1,149,014 | $46,928 | $40,964 | $28,100 | 6 | — | $41,355 | $57,798 |
Under IRS private-foundation payout rules, Prop Foundation Inc reported a distributable amount of $91K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Prop Foundation Inc is led by Susan E. O'Connor, President since 2021 (on filings since 2019); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Susan E. O'Connor
President
President & Director → President, 2021
On filings since 2019
5 hrs/week
No compensation reported
Christopher O'Connor
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Laura Millin
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Fredericka Hunter
Secretary
Secretary, Treasurer & Director → Secretary, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Prop Foundation Inc
How much does Prop Foundation Inc give each year?
Prop Foundation Inc gave $70K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $80K across 10 grants.
What is Prop Foundation Inc's typical grant size?
Prop Foundation Inc's median grant in 2025 was $8,300, and its average grant was $11,600, across 6 grants on its 2025 IRS Form 990-PF.
Where does Prop Foundation Inc give grants?
Prop Foundation Inc gives mostly in Montana: 60% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were California (22%) and New York (11%). The most frequent recipient cities were Missoula, MT (2 grants).
Does Prop Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Prop Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are Prop Foundation Inc's largest grantees?
Prop Foundation Inc's largest 2025 grantees include Missoula Downtown Association ($25,000), Northern California Public Media ($15,000) and Jenny Lynn Fawcett ($8,600), according to its 2025 IRS Form 990-PF. Together they received 70% of its itemized 2025 grant dollars.
How large is Prop Foundation Inc?
Prop Foundation Inc reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $91K (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 Prop Foundation Inc?
Prop Foundation Inc is a private foundation focused on Arts, Culture & Humanities, based in Missoula, MT. It holds $1.6M in total assets as of 2025.
What is Prop Foundation Inc's EIN?
Prop Foundation Inc's EIN (Employer Identification Number) is 81-0504727. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS September 1, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Prop Foundation Inc funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Prop Foundation Inc's focus areas in our free grants database
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