The Prentice Foundation Inc
The Prentice Foundation Inc is a private foundation based in Wilmington, Delaware. The Prentice Family Foundation describes its mission as supporting economic growth, productivity, and employment in Western New York through investments in private companies and a fellowship program for entrepreneurial-minded students.
The Prentice Foundation Inc at a glance
In short: The Prentice Foundation Inc gave $2.7M across 219 grants in 2024 (avg $12K), top state Florida. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,730,633
- +8.7% vs 2023
- Grants made (2024)
- 219
- -3.1% vs 2023
- Average grant
- $12,469
- +12.1% vs 2023
- Median grant
- $8,913
- Total assets
- $25,652,368
- +2.6% vs 2023
- New grantees (estimate)
- 21% first-time grantees (41 of 194, 2024)
- Primary geography
- Florida (14% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Prentice Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Website: https://prenticefoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Prentice Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Aspen Community Foundation ($150K). Together the top 10 received $745K.
Organizations only. It also paid 1 individual scholarship ($5,000), which are not listed by name.
Grant Size Distribution
1,216 grants across all recorded years
The most common grant size was under $50K: 1,175 grants of 1,216 (97%).
Geographic Focus
Where this funder awards grants
The foundation’s stated economic-development focus is Western New York. The 2024 filing reports grant dollars across recipient states, with the largest shares going to Florida (14%), Colorado (13%), Texas (10%), Washington, D.C. (10%), and California (9%).
Grant Distribution by State
Share of 2024 grant dollars across all 219 itemized grants.
States
Cities
Is The Prentice Foundation Inc open to new grantees?
21%
first-time grantees, 2024
In 2024, 41 of 194 grantees (21%) were first-time recipients. First grants averaged $14K; repeat grants $14K. How we count
Medians: $10K first-time, $10K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−11%). Method
- In 2024 it paid out 160% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.0M (2020) to $3.1M (2022). In 2024 it made 219 grants totaling $2.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aspen Community Foundation Basalt, CO | for the Third Generation Donor Advised Fund | $150,000 |
| Margaret Byrd Rawson Institute Inc Frederick, MD | General & Unrestricted | $130,000 |
| International Documentary Association Los Angeles, CA | The Collectors film fund | $80,000 |
| As You Sow El Cerrito, CA | General & Unrestricted | $54,245 |
| Climate Democracy Initiative Denver, CO | General & Unrestricted | $45,000 |
| One Arizona Phoenix, AZ | General & Unrestricted | $45,000 |
| Pennsylvania Voice Philadelphia, PA | General & Unrestricted | $45,000 |
| National Womens Health Network Inc Washington, DC | Plan C Initiative | $40,000 |
| Planned Parenthood Federation of America Inc Washington, DC | PPFA and to affiliates with need, to fund abortions and contraceptives | $40,000 |
| Progressnow Colorado Education Denver, CO | General & Unrestricted | $40,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $25,652,368 | $3,852,614 | $3,207,449 | $2,730,633 | 219 | $2,889,810 | $3,562,095 | $1,808,572 |
| 2023 | $25,007,203 | $1,395,648 | $2,980,681 | $2,512,851 | 226 | $2,666,811 | $1,102,587 | $1,579,223 |
| 2022 | $26,579,736 | $1,362,112 | $3,644,495 | $3,119,060 | 278 | $3,253,844 | $1,044,014 | $1,678,949 |
| 2021 | $28,859,119 | $5,801,146 | $3,642,170 | $3,055,000 | 276 | $3,198,962 | $5,462,822 | $2,122,017 |
| 2020 | $26,700,143 | $2,115,501 | $2,445,751 | $1,972,159 | 217 | — | $1,858,949 | $1,721,235 |
Under IRS private-foundation payout rules, The Prentice Foundation Inc reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Prentice Family Foundation says it aims to promote economic development in Western New York by supporting students with entrepreneurial drive and investing in businesses located in the region. Its website describes possible economic-development investments as including loan guarantees, direct loans, equity investments, and grants; it says each opportunity is considered on its merits and that it has no stated minimum or maximum investment limit or industry preference.
The 2024 filing also shows support for organizations with varied missions. For example, Aspen Community Foundation describes its work as connecting donors to community needs and supporting nonprofit organizations. As You Sow says it promotes environmental and social corporate responsibility, including on climate change, environmental health, racial justice, and workplace diversity. Pennsylvania Voice says it works to increase participation in democracy through education and mobilization. These are the grantees’ stated missions, not stated focus areas of the foundation.
Grantmaking
In filing year 2024, the foundation reported 219 grants totaling $2,730,633. Grant amounts ranged from $555 to $150,000, with a median of $8,913.
The largest listed 2024 grants included $150,000 to Aspen Community Foundation for the Third Generation Donor Advised Fund; $130,000 to Margaret Byrd Rawson Institute Inc for general and unrestricted purposes; and $80,000 to International Documentary Association for The Collectors film fund. Other listed grants included $54,245 to As You Sow and $45,000 each to Climate Democracy Initiative, One Arizona, and Pennsylvania Voice. The filing also lists $40,000 to National Women’s Health Network for the PLAN C Initiative and $40,000 to Planned Parenthood Federation of America for PPFA and affiliates with need, to fund abortions and contraceptives.
The foundation’s website describes its student fellowship as a program administered by the University at Buffalo and Canisius College; it is not described as an outside-applicant grant program. The website invites Western New York Prosperity Fellowship alumni interested in establishing or expanding a business in the region to contact the foundation about its role in their plans.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jerry Babicka (director and treasurer), Lynn P. Babicka (director and vice president), James Bohart Jr. (director), Barbara Hapgood (director and secretary), John Powers (director and president), and Lauren Zuskin (director).
The Prentice Foundation Inc is led by John Powers, Director & President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Powers
Director & President
On filings since 2020
3 hrs/week
No compensation reported
Barbara Hapgood
Director & Secretary
Director → Director & Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
James Bohart Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Jerry Babicka
Director & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Lauren Zuskin
Director
Director & Secretary → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Lynn P Babicka
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Prentice Foundation Inc
How much does The Prentice Foundation Inc give each year?
The Prentice Foundation Inc gave $2.7M across 219 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.5M across 226 grants.
What is The Prentice Foundation Inc's typical grant size?
The Prentice Foundation Inc's median grant in 2024 was $8,913, and its average grant was $12,469, across 219 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Prentice Foundation Inc that year got $14K on average.
Where does The Prentice Foundation Inc give grants?
The Prentice Foundation Inc's top state is Florida, with 14% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Colorado (13%) and Texas (10%). The most frequent recipient cities were Washington, DC (23 grants), Miami, FL (14 grants), New York, NY (14 grants) and Austin, TX (13 grants).
Does The Prentice Foundation Inc give general operating support?
Yes: 64% of The Prentice Foundation Inc's 2024 grants with a stated purpose (141 of 219) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Abortion fund" (4 grants), "The Collectors film fund" (3 grants) and "Civic Engagement Fund" (3 grants).
Who are The Prentice Foundation Inc's largest grantees?
The Prentice Foundation Inc's largest 2024 grantees include Aspen Community Foundation ($150,000), Margaret Byrd Rawson Institute Inc ($130,000) and International Documentary Association ($120,000 across 3 grants), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($5,000), which are not listed by name. Together they received 15% of its itemized 2024 grant dollars.
How large is The Prentice Foundation Inc?
The Prentice Foundation Inc reported $25.7M in total assets on its 2024 IRS Form 990-PF. It paid out $2.9M in qualifying distributions that year, against a required minimum of $1.8M (roughly 5% of its investment assets).
What does The Prentice Foundation Inc fund?
The Prentice Family Foundation says it aims to promote economic development in Western New York by supporting students with entrepreneurial drive and investing in businesses located in the region. See mission & focus areas ↑
How do I apply for a grant from The Prentice Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Prentice Foundation Inc's EIN?
The Prentice Foundation Inc's EIN (Employer Identification Number) is 06-1386173. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Prentice Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). The Prentice Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-prentice-foundation-inc-morg_9d43a84033f4455c884610c8e46b23bd
BibTeX
@misc{grantable_061386173_2026,
author = {{Grantable}},
title = {{The Prentice Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-prentice-foundation-inc-morg_9d43a84033f4455c884610c8e46b23bd},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Prentice Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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