Prospect Foundation Inc
Prospect Foundation Inc is a private foundation based in Sea Girt, New Jersey. It reported 15 grants totaling $30,000 in filing year 2025, and states that it makes contributions only to preselected charitable organizations.
Prospect Foundation Inc at a glance
In short: Prospect Foundation Inc gave $30K across 15 grants in 2025 (avg $2K), mostly in New York. 13% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- -1.6% vs 2024
- Grants made (2025)
- 15
- -6.3% vs 2024
- Average grant
- $2,000
- +4.9% vs 2024
- Median grant
- $1,500
- Total assets
- $347,371
- -3.8% vs 2024
- New grantees (estimate)
- 13% first-time grantees (2 of 15, 2025; small sample)
- Primary geography
- New York (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Prospect Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Mcgrath Company PO Box 212, Sea Girt, NJ 08750
Phone: (212) 410-9614
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Prospect Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Natural Resources Defense Council ($9K). Together the top 10 received $26K.
Grant Size Distribution
91 grants across all recorded years
The most common grant size was under $50K: 91 grants of 91 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 90% of grant dollars went to recipients in New York, 5% to Massachusetts, 3% to the District of Columbia, and 2% to New Jersey.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
Is Prospect Foundation Inc open to new grantees?
13%
first-time grantees, 2025
In 2025, 2 of 15 grantees (13%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $1K; repeat grants $2K. How we count
Medians: $1K first-time, $2K repeat.
- 80% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 67% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $18K (2020) to $31K (2024). In 2025 it made 15 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Natural Resources Defense Council New York, NY | General Support | $9,000 |
| Cypress Hills Dev Corp Brooklyn, NY | General Support | $3,000 |
| Zen Studies Society New York, NY | General Support | $3,000 |
| Covenant House New York, NY | General Support | $2,000 |
| Holy Cross HS Flushing, NY | General Support | $2,000 |
| Rochester Food Pantry Accord, NY | General Support | $2,000 |
| Boston College Chestnut Hill, MA | General Support | $1,500 |
| Sienna College Loudonville, NY | General Support | $1,500 |
| People in Need Brooklyn, NY | General Support | $1,000 |
| Big Reuse Brooklyn, NY | General Support | $1,000 |
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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 | $347,371 | $21,264 | $34,987 | $30,000 | 15 | $30,380 | $19,856 | $45,425 |
| 2024 | $361,094 | $90,346 | $32,954 | $30,500 | 16 | $31,054 | $88,946 | $34,209 |
| 2023 | $303,702 | $63,395 | $33,290 | $30,000 | 19 | $30,826 | $61,431 | $27,900 |
| 2022 | $273,597 | $16,010 | $27,875 | $26,000 | 22 | $26,010 | $14,145 | $30,112 |
| 2021 | $285,462 | $27,146 | $30,611 | $28,000 | 19 | $28,000 | $25,035 | $32,042 |
| 2020 | $288,927 | $49,358 | $17,819 | $17,500 | 15 | — | $49,039 | $24,434 |
Under IRS private-foundation payout rules, Prospect Foundation Inc reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose work includes environmental conservation and support for low-income immigrant families. For example, the World Wildlife Fund describes its mission as conserving nature and reducing threats to the diversity of life on Earth; People in Need describes its mission as supporting low-income immigrant families, particularly women. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2025, the foundation gave 15 grants totaling $30,000. Grants ranged from $500 to $9,000, with a median of $1,500. Listed grants were designated for general support.
Notable 2025 grants included $9,000 to the Natural Resources Defense Council; $3,000 each to Cypress Hills Dev Corp and Zen Studies Society; and $2,000 each to Covenant House, Holy Cross HS, and Rochester Food Pantry. World Wildlife Fund and People in Need each received $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists John Kixmiller as president, Dan Kixmiller as secretary, Richard F Kixmiller as portfolio manager, and Robert Cockren as general counsel.
Prospect Foundation Inc is led by John Kixmiller, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
John Kixmiller
President
On filings since 2020
0.3 hrs/week
No compensation reported
Dan Kixmiller
Secretary
On filings since 2020
0.3 hrs/week
No compensation reported
Richard F. Kixmiller
Portfolio Manager
On filings since 2020
0.5 hrs/week
No compensation reported
Robert Cockren
General Counsel
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Jean Kixmiller (2020–2021) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "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 Prospect Foundation Inc
How much does Prospect Foundation Inc give each year?
Prospect Foundation Inc gave $30K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 16 grants.
What is Prospect Foundation Inc's typical grant size?
Prospect Foundation Inc's median grant in 2025 was $1,500, and its average grant was $2,000, across 15 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Prospect Foundation Inc that year got $1K on average.
Where does Prospect Foundation Inc give grants?
Prospect Foundation Inc gives mostly in New York: 90% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (5%). The most frequent recipient cities were New York, NY (5 grants) and Brooklyn, NY (4 grants).
Does Prospect Foundation Inc give general operating support?
Yes: 100% of Prospect Foundation Inc's 2025 grants with a stated purpose (15 of 15) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Prospect Foundation Inc's largest grantees?
Prospect Foundation Inc's largest 2025 grantees include Natural Resources Defense Council ($9,000), Cypress Hills Dev Corp ($3,000) and Zen Studies Society ($3,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is Prospect Foundation Inc?
Prospect Foundation Inc reported $347K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $45K (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 does Prospect Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations whose work includes environmental conservation and support for low-income immigrant families. See mission & focus areas ↑
How do I apply for a grant from Prospect Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Prospect Foundation Inc's EIN?
Prospect Foundation Inc's EIN (Employer Identification Number) is 22-6026241. IRS Form 990 filing data is available on this page for 2020–2025.
Does Prospect Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Prospect Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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