Protostar Foundation
Protostar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Diego, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $186K in total assets. In 2024, it awarded 7 grants totaling $79K. Net investment income was $20.
Key facts about Protostar Foundation
- EIN
- 81-1864222
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $79,000
- Grants made (2024)
- 7
- Average grant
- $11,286
- Median grant
- $5,000
- Total assets
- $186,322
- Primary geography
- California (51% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Protostar Foundation funds
By grant dollars, the top recipient states for Protostar Foundation's 7 itemized 2024 grants were California (51%), New York (42%) and Massachusetts (6%). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Purposes" (7 grants).
How Protostar Foundation gives
- Giving grew 159% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Protostar Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$186K
+301.9% YoY
Annual Giving
$79K
+62.9% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$11K
+16.3% YoY
Under IRS private-foundation payout rules, Protostar Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About Protostar Foundation
Based on IRS filings
Protostar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Diego, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $186K in total assets. In 2024, it awarded 7 grants totaling $79K. Net investment income was $20.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $186,322 | $46,356 | $118,069 |
| Revenue | $269,235 | $13,423 | $142,122 |
| Expenses | $129,309 | $85,192 | $63,137 |
| Qualifying Distributions | $129,309 | $85,192 | $63,137 |
| Net Investment Income | $20 | — | — |
| Distributable Amount | $3,448 | $3,779 | $2,840 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include La Jolla Music Society ($30,000), New York Junior Tennis & Learning ($27,500), North Coast Repertory Threatre ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LA JOLLA MUSIC SOCIETY La Jolla, CA | CHARITABLE PURPOSES | $30,000 |
| NEW YORK JUNIOR TENNIS & LEARNING Long Island City, NY | CHARITABLE PURPOSES | $27,500 |
| NORTH COAST REPERTORY THREATRE Solana Beach, CA | CHARITABLE PURPOSES | $10,000 |
| SILKROAD'S GLOBAL MUSIC WORKSHOP Brighton, MA | CHARITABLE PURPOSES | $5,000 |
| JUNIOR TENNIS FOUNDATION West Harrison, NY | CHARITABLE PURPOSES | $3,000 |
| AMERICAN FOUNDATION FOR SUICIDE PREVENTION New York, NY | CHARITABLE PURPOSES | $2,500 |
| CENTER FOR HEALING AND JUSTICE THROUGH SPORT Chicago, IL | CHARITABLE PURPOSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gary P Poon | President, Chairman | 40 | — |
| Richard Hartley | Treasurer, Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Protostar Foundation?
Protostar Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Diego, CA. It holds $186K in total assets as of 2024.
How large is Protostar Foundation?
As of 2024, Protostar Foundation holds $186K in total assets with $269K in annual revenue. It awarded 7 grants totaling $79K in 2024.
Where does Protostar Foundation operate?
Protostar Foundation has awarded grants in California, Illinois, Massachusetts, New York.
What size grants does Protostar Foundation award?
In 2024, Protostar Foundation awarded 7 grants totaling $79K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Protostar Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Protostar Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Protostar Foundation's EIN?
Protostar Foundation's EIN (Employer Identification Number) is 81-1864222. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.