The Pegasus Springs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in READING, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 6 grants totaling $246K. Net investment income was $238K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+1.3% YoY
Annual Giving
$246K
+7.9% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$41K
+25.9% YoY
Under IRS private-foundation payout rules, The Pegasus Springs Foundation reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.
About The Pegasus Springs Foundation
Based on IRS filings
The Pegasus Springs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in READING, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 6 grants totaling $246K. Net investment income was $238K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,636,051 | $1,614,799 | $1,655,744 |
| Revenue | $179,525 | $255,051 | $270,325 |
| Expenses | $261,684 | $242,675 | $402,947 |
| Qualifying Distributions | $246,300 | $228,200 | $385,500 |
| Net Investment Income | $238,316 | $53,616 | $120,959 |
| Distributable Amount | $82,643 | $85,819 | $82,878 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pegasus Springs Education Collective ($130,000), Salem State ($31,800), Building Bridges Education ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PEGASUS SPRINGS EDUCATION COLLECTIVE READING, MA | EDUCATIONAL | $130,000 |
| TOWN OF READING READING, MA | EDUCATIONAL | $27,000 |
| NATIONAL TEACHERS HALL OF FAME EMPORIA, KS | EDUCATIONAL | $20,000 |
| SALEM STATE SALEM, MA | EDUCATION | $31,800 |
| WALSH AND ASSOCIATES MINNEAPOLIS, MN | EDUCATION | $7,500 |
| BUILDING BRIDGES EDUCATION BOSTON, MA | FOSTER EDUCATION IN HBCU | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lorraine Martin | President | 10 | — |
| Craig Martin | Director | 10 | — |
| Lorraine Martin | Treasurer | 10 | — |
| Craig Martin | Clerk | 10 | — |
| Lorraine Martin | Director | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Pegasus Springs Foundation?
The Pegasus Springs Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in READING, MA. It holds $1.6M in total assets as of 2024.
How large is The Pegasus Springs Foundation?
As of 2024, The Pegasus Springs Foundation holds $1.6M in total assets with $180K in annual revenue. It awarded 6 grants totaling $246K in 2024.
Where does The Pegasus Springs Foundation operate?
The Pegasus Springs Foundation has awarded grants in Colorado, Kansas, Massachusetts, Minnesota.
What size grants does The Pegasus Springs Foundation award?
In 2024, The Pegasus Springs Foundation awarded 6 grants totaling $246K — an average of about $41K per grant, based on its IRS Form 990 filings.
How much is The Pegasus Springs Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Pegasus Springs Foundation reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Pegasus Springs Foundation's EIN?
The Pegasus Springs Foundation's EIN (Employer Identification Number) is 82-6117572. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Pegasus Springs Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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