The Profesta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.2M in total assets. In 2024, it awarded 14 grants totaling $315K. Net investment income was $496K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.2M
+4.5% YoY
Annual Giving
$315K
+14.5% YoY
Grant Count
14
+7.7% YoY
Avg Grant Size
$23K
+6.3% YoY
Under IRS private-foundation payout rules, The Profesta Foundation reported a distributable amount of $530K for 2024 — the minimum it must pay out in qualifying distributions.
About The Profesta Foundation
Based on IRS filings
The Profesta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.2M in total assets. In 2024, it awarded 14 grants totaling $315K. Net investment income was $496K.
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 | $10,217,229 | $9,777,725 | $9,664,182 |
| Revenue | $1,437,975 | $531,793 | $-92,166 |
| Expenses | $320,694 | $276,843 | $327,158 |
| Qualifying Distributions | $315,244 | $275,345 | $168,334 |
| Net Investment Income | $495,718 | $344,394 | $53,454 |
| Distributable Amount | $529,989 | $483,293 | $483,694 |
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
54 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Charitable ($70,205), Venerini Academy ($50,767), The American College of Greece ($26,694).
| Recipient | Purpose | Amount |
|---|---|---|
| BENTLEY UNIVERSITY WALTHAM, MA | GENERAL SUPPORT | $10,000 |
| BOSTON CELTICS SHAMROCK FOUNDATION BOSTON, MA | GENERAL SUPPORT | $14,653 |
| BOSTON UNIVERSITY SCHOOL OF LAW BOSTON, MA | GENERAL SUPPORT | $20,000 |
| CROSSROAD INSTITUTION CAMBRIDGE, MA | GENERAL SUPPORT | $25,425 |
| DUKE UNIVERSITY DURHAM, NC | GENERAL SUPPORT | $5,000 |
| GREEK ORTHODOX METROPLOIS OF BOSTON BROOKLINE, MA | GENERAL SUPPORT | $17,500 |
| MUSEUM OF FINE ARTS BOSTON BOSTON, MA | GENERAL SUPPORT | $15,000 |
| NEW ENGLAND LAW BOSTON BOSTON, MA | GENERAL SUPPORT | $10,000 |
| ST SPYRIDON CATHEDRAL WORCESTER, MA | GENERAL SUPPORT | $15,000 |
| THE AMERICAN COLLEGE OF GREECE BOSTON, MA | GENERAL SUPPORT | $26,694 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANASTASIOS PARAFESTAS | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Profesta Foundation?
The Profesta Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $10.2M in total assets as of 2024.
How large is The Profesta Foundation?
As of 2024, The Profesta Foundation holds $10.2M in total assets with $1.4M in annual revenue. It awarded 14 grants totaling $315K in 2024.
Where does The Profesta Foundation operate?
The Profesta Foundation has awarded grants in Massachusetts, North Carolina, New Hampshire, New York, Ohio, Virginia.
What size grants does The Profesta Foundation award?
In 2024, The Profesta Foundation awarded 14 grants totaling $315K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Profesta Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Profesta Foundation reported a distributable amount of $530K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Profesta Foundation's EIN?
The Profesta Foundation's EIN (Employer Identification Number) is 83-2095055. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Profesta 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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