The Prentice Foundation Inc
The Prentice Foundation Inc is a private not-for-profit foundation incorporated in the State of Illinois on March 22, 2005, and granted 501(c)(3) tax-exempt status by the Internal Revenue Service on September 23, 2007. The foundation was created by Bryant H. Prentice, III and his wife Joan P. Prentice to support economic development initiatives in Western New York.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.7M
+2.6% YoY
Annual Giving
$2.7M
+8.7% YoY
Grant Count
219
-3.1% YoY
Avg Grant Size
$12K
+12.1% YoY
Mission & Focus Areas
The foundation's goal is to promote the economic development of the Western New York area by combining support for college and graduate students who demonstrate entrepreneurial drive with investments in businesses located in Western New York.
Grantmaking
The foundation operates the Western New York Prosperity Fellowship Program, which provides financial assistance to students. The program was originally established as the Western New York Prosperity Scholarship Program in 2009 at the State University of New York at Buffalo, and expanded to Canisius College in 2010. In 2015, the scholarship program was enhanced and converted into the Western New York Prosperity Fellowship Program, which maintains financial assistance features while adding extracurricular and post-graduate activities for participants.
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Geographic Focus
Where this funder awards grants
The foundation's primary geographic focus is Western New York, with scholarship and fellowship programs established at institutions in the region, including SUNY at Buffalo and Canisius College.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,652,368 | $25,007,203 | $26,579,736 |
| Revenue | $3,852,614 | $1,395,648 | $1,362,112 |
| Expenses | $3,207,449 | $2,980,681 | $3,644,495 |
| Qualifying Distributions | $2,889,810 | $2,666,811 | $3,253,844 |
| Net Investment Income | $3,562,095 | $1,102,587 | $1,044,014 |
| Distributable Amount | $1,808,572 | $1,579,223 | $1,678,949 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation was created by Bryant H. Prentice, III and Joan P. Prentice.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jerry Babicka | Dir, Treas | 1 | — |
| Lynn P Babicka | Dir, VP | 1 | — |
| James Bohart Jr | Dir | 1 | — |
| Barbara Hapgood | Dir, Sec | 1 | — |
| John Powers | Dir, Pres | 3 | — |
| Lauren Zuskin | Dir | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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