RAISE AND LEND FUNDS FOR COMMUNITY DEVELOPMENT
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60.9M
-1.2% YoY
Annual Giving
$114K
+185.0% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$23K
+14.0% YoY
About The Progress Fund
Based on IRS filings
The Progress Fund is a nonprofit organization focused on Community Improvement & Capacity Building, based in GREENSBURG, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $60.9M in total assets. In 2024, it awarded 5 grants totaling $114K. Net investment income was $656K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,943,718 | $61,676,088 | $56,975,518 |
| Revenue | $3,853,985 | $4,527,484 | $5,589,608 |
| Expenses | $1,885,678 | $1,541,529 | $1,460,409 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $655,928 | $555,385 | $183,921 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID MILLER | BOARD MEMBER | 4 | — |
| PATRICIA BRENNEN | BOARD MEMBER | 4 | — |
| SONYA TILGHMAN | BOARD MEMBER | 4 | — |
| ERIC MARTIN | BOARD MEMBER | 4 | — |
| R JOHN DAWES | CHAIRMAN | 8 | — |
| JAMES BUTLER | SECRETARY | 8 | — |
| JARED GORENTZ | VICE CHAIRMAN | 8 | — |
| DAVID KAHLEY | PRESIDENT & CEO | 40 | $265,947 |
| KAREN POST | TREASURER & CFO | 40 | $240,846 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Daniel M Tabas Family Foundation
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John Griner Charitable Trust
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Assets
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Shaffer Family Charitable Trust
BETHLEHEM, PA
Assets
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Grants
15
Total Given
$610K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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