Ptrd Foundation Inc

BELMONT, MA EIN: 92-3646531

Ptrd Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $931K in total assets. In 2024, it awarded 3 grants totaling $37K. Net investment income was $23K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$931K

+0.4% YoY

Annual Giving

$37K

Grant Count

Avg Grant Size

$12K

Under IRS private-foundation payout rules, Ptrd Foundation Inc reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.

About Ptrd Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $20K (100%)

States

Massachusetts

Cities

Cambridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023
Total Assets	$931,022	$927,714
Revenue	$24,020	$917,216
Expenses	$44,189	$175
Qualifying Distributions	$43,471	—
Net Investment Income	$23,302	$44,150
Distributable Amount	$45,816	$14,260

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Yayasan Music Amadeus Indonesia ($17,000), Massachusetts Institute of Technology ($10,000), Massachusetts Institute of Technology ($10,000).

Recipient	Purpose	Amount
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	THE FOUNDATION GAVE A GRANT IN THE AMOUNT OF $10,000 TO THE MIT MISTI PROGRAM, WHICH MAKES IT POSSIBLE FOR MIT STUDENTS TO EXPERIENCE THE WORLD WHILE ADVANCING KNOWLEDGE, TACKLING TOUGH CHALLENGES, AND PREPARING FOR LIVES OF IMPACT, SERVICE, AND LEADERSHIP IN AN INTERCONNECTED GLOBAL SOCIETY.	$10,000
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	THE FOUNDATION GAVE A GRANT IN THE AMOUNT OF $10,000 TO THE MIT SUPERUROP PROGRAM (AN ADVANCED UNDERGRADUATE RESEARCH OPPORTUNITIES PROGRAM). THIS PROGRAM IS A TWO-SEMESTER SUPERVISED PROJECT, ADMINISTERED BY MIT'S DEPARTMENT OF ELECTRICAL ENGINEERING AND COMPUTER SCIENCE, WHICH TAKES UNDERGRADUATES THROUGH THE COMPLETE RESEARCH CYCLE, FROM SELECTING A TOPIC AND DESIGNING THEIR EXPERIMENT TO WRITING A TECHNICAL PAPER AND PRESENTING THEIR RESULTS AT CONFERENCES. OVER ONE THOUSAND UNDERGRADUATES HAVE ALREADY GAINED VALUABLE RESEARCH EXPERIENCE THROUGH SUPERUROP, HELPING THEM MAKE INFORMED DECISIONS ABOUT GRADUATE SCHOOL, STEM CAREERS, AND MORE.	$10,000
YAYASAN MUSIC AMADEUS INDONESIA	THE FOUNDATION GAVE A GRANT IN THE AMOUNT OF $17,000 TO THE AMADEUS MUSIC SCHOOL IN INDONESIA, WHICH STRIVES TO DEVELOP DILIGENCE, SENSITIVITY, PERSISTENCE AND CONSCIENTIOUSNESS IN STUDENTS, WHILE GIVING THEM A PATHWAY TO INTERNATIONAL MUSIC STUDIES. THE GRANT WAS GIVEN TO ASSIST WITH MUSIC EDUCATION AND CONCERT PRODUCTIONS AFTER THE FOUNDATION EXERCISED EXPENDITURE RESPONSIBILITY WITHIN THE MEANING OF SECTIONS 4945(D)(4)(B) AND 4945(H) OF THE INTERNAL REVENUE CODE.	$17,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOICE HIMAWAN	TREASURER/DIRECTOR	1	—
JEFF HIMAWAN	PRESIDENT/DIRECTOR	3	—
ADELA WEE	SECRETARY/DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Ptrd Foundation Inc?

Ptrd Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BELMONT, MA. It holds $931K in total assets as of 2024.

How large is Ptrd Foundation Inc?

As of 2024, Ptrd Foundation Inc holds $931K in total assets with $24K in annual revenue. It awarded 3 grants totaling $37K in 2024.

Where does Ptrd Foundation Inc operate?

Ptrd Foundation Inc has awarded grants in Massachusetts.

What size grants does Ptrd Foundation Inc award?

In 2024, Ptrd Foundation Inc awarded 3 grants totaling $37K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Ptrd Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Ptrd Foundation Inc reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.