The Profesta Foundation
The Profesta Foundation is a private foundation based in Boston, Massachusetts. Its 2025 filing reports grants to charitable organizations, including educational, religious, cultural, and other organizations.
The Profesta Foundation at a glance
In short: The Profesta Foundation gave $529K across 19 grants in 2025 (avg $28K), mostly in Massachusetts. 26% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $529,348
- +67.9% vs 2024
- Grants made (2025)
- 19
- +35.7% vs 2024
- Average grant
- $27,860
- +23.7% vs 2024
- Median grant
- $25,000
- Total assets
- $10,304,247
- +0.9% vs 2024
- New grantees (estimate)
- 26% first-time grantees (5 of 19, 2025; small sample)
- Primary geography
- Massachusetts (86% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Profesta Foundation
- 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: Co The Bollard Group One Joy St, Boston, MA 02108
Phone: (781) 937-5300
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Profesta Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Venerini Academy ($101K). Together the top 10 received $397K.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 58 grants of 66 (88%).
Geographic Focus
Where this funder awards grants
In 2025, 86% of grant dollars went to recipients in Massachusetts, 12% to Ohio, and 2% to North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
Cities
Is The Profesta Foundation open to new grantees?
26%
first-time grantees, 2025
In 2025, 5 of 19 grantees (26%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $27K; repeat grants $28K. How we count
Medians: $25K first-time, $24K repeat.
- 74% of 2025 grantees were also funded in 2024. Method
- Giving grew 214% from 2022 to 2025. Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $90K (2020) to $863K (2021). In 2025 it made 19 grants totaling $529K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Venerini Academy Worcester, MA | General Support | $100,607 |
| Fidelity Charitable Cincinnati, OH | General Support | $63,879 |
| St George Greek Orthodox Church Centerville, MA | General Support | $52,000 |
| St Michaels Orthodox Church Southbridge, MA | General Support | $30,000 |
| Crossroad Institution Cambridge, MA | General Support | $25,272 |
| The American College of Greece Boston, MA | General Support | $25,090 |
| Bentley University Waltham, MA | General Support | $25,000 |
| Cultural Center Hrisohorafiton Worcester, MA | General Support | $25,000 |
| New England Law Boston Boston, MA | General Support | $25,000 |
| Umass Medical School Shrewsbury, MA | General Support | $25,000 |
Ready to take the next step with The Profesta Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,304,247 | $1,662,291 | $546,465 | $529,348 | 19 | $529,348 | $315,146 | $636,912 |
| 2024 | $10,217,229 | $1,437,975 | $320,694 | $315,244 | 14 | $315,244 | $495,718 | $529,989 |
| 2023 | $9,777,725 | $531,793 | $276,843 | $275,345 | 13 | $275,345 | $344,394 | $483,293 |
| 2022 | $9,664,182 | $-92,166 | $327,158 | $168,334 | 12 | $168,334 | $53,454 | $483,694 |
| 2021 | $10,077,220 | $-278,879 | $871,430 | $863,075 | 8 | $863,075 | $10,065,664 | $284,889 |
| 2020 | $11,384,260 | $239,019 | $94,529 | $89,749 | 7 | — | $84,039 | $380,719 |
Under IRS private-foundation payout rules, The Profesta Foundation reported a distributable amount of $637K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for organizations including Venerini Academy, churches, universities, and cultural organizations. The grantees’ stated missions vary: for example, the American College of Greece Research Center says it conducts research across fields including the natural and social sciences, arts, and technology; Alpha Omega Council says it promotes patriotism and the ideals of Hellenism through support for educational, religious, charitable, and other activities; and Worcester Art Museum says it connects people, communities, and cultures through art.
Grantmaking
In 2025, the foundation reported 19 grants totaling $529,348. Grants ranged from $10,000 to $100,607, with a median grant of $25,000. The largest grants included $100,607 to Venerini Academy, $63,879 to Fidelity Charitable, $52,000 to St George Greek Orthodox Church, and $30,000 to St Michaels Orthodox Church. Each was listed for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Anastasios Parafestas as trustee.
The Profesta Foundation is led by Anastasios Parafestas, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Anastasios Parafestas
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Profesta Foundation
How much does The Profesta Foundation give each year?
The Profesta Foundation gave $529K across 19 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $315K across 14 grants.
What is The Profesta Foundation's typical grant size?
The Profesta Foundation's median grant in 2025 was $25,000, and its average grant was $27,860, across 19 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Profesta Foundation that year got $27K on average.
Where does The Profesta Foundation give grants?
The Profesta Foundation gives mostly in Massachusetts: 86% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Ohio (12%). The most frequent recipient cities were Boston, MA (6 grants) and Worcester, MA (4 grants).
Does The Profesta Foundation give general operating support?
Yes: 100% of The Profesta Foundation's 2025 grants with a stated purpose (19 of 19) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Profesta Foundation's largest grantees?
The Profesta Foundation's largest 2025 grantees include Venerini Academy ($100,607), Fidelity Charitable ($63,879) and St George Greek Orthodox Church ($52,000), according to its 2025 IRS Form 990-PF. Together they received 41% of its itemized 2025 grant dollars.
How large is The Profesta Foundation?
The Profesta Foundation reported $10.3M in total assets on its 2025 IRS Form 990-PF. It paid out $529K in qualifying distributions that year, against a required minimum of $637K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Profesta Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants show support for organizations including Venerini Academy, churches, universities, and cultural organizations. See mission & focus areas ↑
How do I apply for a grant from The Profesta Foundation?
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 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 2020–2025.
Does The Profesta Foundation 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
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
- IRS filings on file for fiscal years 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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Cite this profile
Grantable. (2026). The Profesta Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-profesta-foundation-morg_293ddec304dc4727b6654c37b64fd2d1
BibTeX
@misc{grantable_832095055_2026,
author = {{Grantable}},
title = {{The Profesta Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-profesta-foundation-morg_293ddec304dc4727b6654c37b64fd2d1},
note = {Accessed 2026-10-12. 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 Profesta Foundation'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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