Prospect Foundation Inc
Prospect Foundation Inc is a private foundation, based in West Lafayette, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.0M in total assets. In 2024, it awarded 5 grants totaling $69K. Net investment income was $98K.
Prospect Foundation Inc at a glance
In short: Prospect Foundation Inc gave $69K across 5 grants in 2024 (avg $14K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $69,000
- +40.8% vs 2023
- Grants made (2024)
- 5
- -16.7% vs 2023
- Average grant
- $13,800
- +69.0% vs 2023
- Median grant
- $10,000
- Total assets
- $3,040,241
- +6.9% vs 2023
- Primary geography
- Indiana (64% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Prospect Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Future Initiative ($34K). Together the top 5 received $69K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Prospect Foundation Inc gives
- Giving grew 30% from 2021 to 2024. Method
- In 2024 it paid out 103% 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 2020 to 2024, annual grant giving ranged from $26K (2020) to $69K (2024). In 2024 it made 5 grants totaling $69K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Future Initiative West Lafayette, IN | charitable | $34,000 |
| Stuart Country Day School in New Jersey Princeton, NJ | Educational | $10,000 |
| Indiana University Foundation Bloomington, IN | charitable | $10,000 |
| Emory University Atlanta, GA | Educational | $10,000 |
| New York Medical College Valhalla, NY | Educational | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,040,241 | $399,174 | $141,586 | $69,000 | 5 | $140,712 | $98,300 | $136,980 |
| 2023 | $2,843,775 | $268,728 | $132,509 | $49,000 | 6 | $125,587 | $27,652 | $112,937 |
| 2022 | $2,687,007 | $668,750 | $106,672 | $27,000 | 5 | $103,534 | $488,749 | $110,998 |
| 2021 | $1,997,490 | $535,833 | $91,989 | $53,000 | 4 | — | $221,780 | $115,981 |
| 2020 | $1,602,053 | $262,240 | $89,751 | $25,500 | 6 | — | $82,206 | $82,878 |
Under IRS private-foundation payout rules, Prospect Foundation Inc reported a distributable amount of $137K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Prospect Foundation Inc is led by Qin Yang, CEO on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Qin Yang
CEO
On filings since 2020
2 hrs/week
No compensation reported
Cheng Du
CFO
On filings since 2020
2 hrs/week
No compensation reported
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 Prospect Foundation Inc
How much does Prospect Foundation Inc give each year?
Prospect Foundation Inc gave $69K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $49K across 6 grants.
What is Prospect Foundation Inc's typical grant size?
Prospect Foundation Inc's median grant in 2024 was $10,000, and its average grant was $13,800, across 5 grants on its 2024 IRS Form 990-PF.
Where does Prospect Foundation Inc give grants?
Prospect Foundation Inc gives mostly in Indiana: 64% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New Jersey (14%) and Georgia (14%).
Does Prospect Foundation Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Prospect Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (3 grants).
Who are Prospect Foundation Inc's largest grantees?
Prospect Foundation Inc's largest 2024 grantees include Future Initiative ($34,000), Stuart Country Day School in New Jersey ($10,000) and Indiana University Foundation ($10,000), according to its 2024 IRS Form 990-PF. Together they received 78% of its itemized 2024 grant dollars.
How large is Prospect Foundation Inc?
Prospect Foundation Inc reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $141K in qualifying distributions that year, against a required minimum of $137K (roughly 5% of its investment assets).
What is Prospect Foundation Inc's EIN?
Prospect Foundation Inc's EIN (Employer Identification Number) is 47-2627091. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Prospect Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Prospect Foundation Inc's focus areas in our free grants database
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