The Athena Foundation
The Athena Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fort Washington, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $311K in total assets. In 2025, it awarded 3 grants totaling $18K. Net investment income was $14K.
Key facts about The Athena Foundation
In short: The Athena Foundation gave $18K across 3 grants in 2025 (avg $6K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- EIN
- 80-0066027
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $17,500
- Grants made (2025)
- 3
- Average grant
- $5,833
- Median grant
- $5,000
- Total assets
- $310,865
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Quick answers about The Athena Foundation
How much does The Athena Foundation give each year?
The Athena Foundation gave $18K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 2 grants.
What is The Athena Foundation's typical grant size?
The Athena Foundation's median grant in 2025 was $5,000, and its average grant was $5,833, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Athena Foundation give grants?
The Athena Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lafayette Hill, PA (3 grants).
Does The Athena Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Athena Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How The Athena Foundation gives
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Athena Foundation
- How to evaluate The Athena Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$311K
-1.0% YoY
Annual Giving
$18K
+133.3% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$6K
+55.6% YoY
Under IRS private-foundation payout rules, The Athena Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
About The Athena Foundation
Based on IRS filings
The Athena Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fort Washington, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $311K in total assets. In 2025, it awarded 3 grants totaling $18K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $310,865 | $313,972 | $305,210 |
| Revenue | $14,393 | $16,262 | $11,632 |
| Expenses | $17,500 | $7,500 | $20,000 |
| Qualifying Distributions | $17,500 | $7,500 | $20,000 |
| Net Investment Income | $14,393 | $16,262 | — |
| Distributable Amount | $15,297 | $14,992 | $15,460 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Whitemarsh Township Parks Lafayette Hill, PA | Supports local public parks and publicrecreation facilities and events | $10,000 |
| Whitemarsh Police Officers Benevolent Assn Lafayette Hill, PA | Supporting Local Causes & Charities | $5,000 |
| Barren Hill Volunteer Fire Company Lafayette Hill, PA | Supports localfire prevention | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
The Athena Foundation is led by Despina McNulty, President since 2022 (on filings since 2021); none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Despina McNulty
President
Vice President → President, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Athena Karabots
Chairperson
Director & President → Chairperson, 2022
On filings since 2021
1 hr/week
No compensation reported
Andrea Duloc
Vice President
On filings since 2021
0.5 hrs/week
No compensation reported
William Bonner
Secretary & Treasurer
Secretary → Secretary & Treasurer, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Constance Kolkka
Vice President
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Nicholas G Karabots Dec'd Feb (2021) — Director & Chm.
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Athena Foundation?
The Athena Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fort Washington, PA. It holds $311K in total assets as of 2025.
How large is The Athena Foundation?
As of 2025, The Athena Foundation holds $311K in total assets with $14K in annual revenue. It awarded 3 grants totaling $18K in 2025.
How much is The Athena Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Athena Foundation reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Athena Foundation's EIN?
The Athena Foundation's EIN (Employer Identification Number) is 80-0066027. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.