Propp Foundation Inc
Propp Foundation Inc is a private foundation based in Jupiter, Florida, designated as a 501(c)(3) organization. The foundation has been tax-exempt since April 1933. It operates as a grantmaking foundation with a focus on supporting charitable organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$160
-94.4% YoY
Annual Giving
$2K
Grant Count
1
Avg Grant Size
$2K
Under IRS private-foundation payout rules, Propp Foundation Inc reported a distributable amount of $124 for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to invest in a publicly traded partnership to generate income for charitable distribution. Its funding priorities include:
- Education
- Religion
- Human Services
Grantmaking
Grant Range
s appear modest relative to the foundation's asset base
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple U.S. locations, including:
- Boca Raton, Florida
- Boston, Massachusetts
- Brooklyn, New York
- New York, New York
- Additional funding in states including Florida, Massachusetts, Michigan, and New York
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $160
- Total Revenue: $0
- Total Expenses: $2,680
- Total Giving: $2,324
As of 2023:
- Total Assets: $2,840
- Total Revenue: $7
- Total Expenses: $0
The foundation operates with minimal liquid assets and revenue, suggesting reliance on investment income from its publicly traded partnership holdings to fund its grantmaking activities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $160 | $2,840 | $2,833 |
| Revenue | — | $7 | $4,506 |
| Expenses | $2,680 | — | $1,161,273 |
| Qualifying Distributions | $2,329 | — | $42,000 |
| Net Investment Income | — | $7 | $4,506 |
| Distributable Amount | $124 | $140 | $2,466 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Westchester Day School ($2,324).
| Recipient | Purpose | Amount |
|---|---|---|
| WESTCHESTER DAY SCHOOL MAMARARONECK, NY | FOR GENERAL OPERATING CHARITABLE NEEDS OF RECIPIENT ORGANIZATION | $2,324 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a board of directors serving without compensation:
- Morris Propp
- Helen Heller
- Gail Propp
- Douglas Propp
- Charles Rudansky
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MORRIS PROPP | DIRECTOR | 2 | — |
| HELEN HELLER | DIRECTOR | 0.5 | — |
| GAIL PROPP | DIRECTOR | 2 | — |
| DOUGLAS PROPP | DIRECTOR | 0.5 | — |
| CHARLES RUDANSKY | DIRECTOR | 1 | — |
Frequently Asked Questions
What does Propp Foundation Inc fund?
The foundation's primary purpose is to invest in a publicly traded partnership to generate income for charitable distribution. Its funding priorities include: • Education • Religion • Human Services
How do I apply for a grant from Propp Foundation Inc?
**Recent Grant Activity:** • In 2024, the foundation made 26 grants totaling $2,324 • Recent grantee: Westchester Day School received $2,324 for general operating charitable needs **Grant Characteristics:** • Grants are typically designated for general operating charitable needs of recipient organizations • Grant sizes appear modest relative to the foundation's asset base
Where does Propp Foundation Inc make grants?
The foundation supports organizations across multiple U.S. locations, including: • Boca Raton, Florida • Boston, Massachusetts • Brooklyn, New York • New York, New York • Additional funding in states including Florida, Massachusetts, Michigan, and New York
What size grants does Propp Foundation Inc award?
In 2024, Propp Foundation Inc awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Propp Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Propp Foundation Inc reported a distributable amount of $124 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Propp Foundation Inc's EIN?
Propp Foundation Inc's EIN (Employer Identification Number) is 13-6098342. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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