The Promethean Foundation Inc
The Promethean Foundation Inc is a private foundation, based in Pennington, NJ. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $10.5M in total assets. In 2025, it awarded 7 grants totaling $499K. Net investment income was $511K.
The Promethean Foundation Inc at a glance
In short: The Promethean Foundation Inc gave $499K across 7 grants in 2025 (avg $71K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $499,000
- +898.0% vs 2024
- Grants made (2025)
- 7
- +133.3% vs 2024
- Average grant
- $71,286
- +327.7% vs 2024
- Median grant
- $3,000
- Total assets
- $10,523,883
- +0.1% vs 2024
- Primary geography
- New Jersey (61% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Promethean Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was New Jersey Conservation Foundation ($300K). Together the top 7 received $499K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 8 grants of 10 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How The Promethean Foundation Inc gives
- In 2025 it paid out 92% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $50K (2024) to $499K (2025). In 2025 it made 7 grants totaling $499K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Jersey Conservation Foundation Far Hills, NJ | Unrestricted General | $300,000 |
| Greenfaith New York, NY | Unrestricted General | $170,000 |
| The Nature Conservancy Arlington, VA | Unrestricted General | $20,000 |
| Barking Back Animal Rescue Wurtsboro, NY | Unrestricted General | $3,000 |
| Mane Stream Oldwick, NJ | Unrestricted General | $2,000 |
| Stanley Isaacs Neighborhood Center New York, NY | Unrestricted General | $2,000 |
| The Great Swamp Watershed Association New Vernon, NJ | Unrestricted General | $2,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,523,883 | $569,441 | $563,951 | $499,000 | 7 | $522,696 | $511,375 | $566,410 |
| 2024 | $10,513,713 | $489,821 | $101,487 | $50,000 | 3 | $68,642 | $436,019 | $517,912 |
| 2023 | $10,123,413 | $10,132,258 | $4,243 | — | — | $1,355 | $128,498 | $50,287 |
Under IRS private-foundation payout rules, The Promethean Foundation Inc reported a distributable amount of $566K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Promethean Foundation Inc is led by Ashleigh Palmer, President, Treasurer & Trustee on every filing since 2023; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ashleigh Palmer
President, Treasurer & Trustee
On filings since 2023
9 hrs/week
No compensation reported
Adam Palmer
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jazmin Palmer
Trustee
On filings since 2023
1 hr/week
No compensation reported
Julie Palmer
Vice President, Secretary & Trustee
On filings since 2023
1 hr/week
No compensation reported
Willow Palmer
Trustee
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Promethean Foundation Inc
How much does The Promethean Foundation Inc give each year?
The Promethean Foundation Inc gave $499K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 3 grants.
What is The Promethean Foundation Inc's typical grant size?
The Promethean Foundation Inc's median grant in 2025 was $3,000, and its average grant was $71,286, across 7 grants on its 2025 IRS Form 990-PF.
Where does The Promethean Foundation Inc give grants?
The Promethean Foundation Inc gives mostly in New Jersey: 61% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (35%). The most frequent recipient cities were New York, NY (2 grants).
Does The Promethean Foundation Inc give general operating support?
Yes: 100% of The Promethean Foundation Inc's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Promethean Foundation Inc's largest grantees?
The Promethean Foundation Inc's largest 2025 grantees include New Jersey Conservation Foundation ($300,000), Greenfaith ($170,000) and The Nature Conservancy ($20,000), according to its 2025 IRS Form 990-PF. Together they received 98% of its itemized 2025 grant dollars.
How large is The Promethean Foundation Inc?
The Promethean Foundation Inc reported $10.5M in total assets on its 2025 IRS Form 990-PF. It paid out $523K in qualifying distributions that year, against a required minimum of $566K (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 is The Promethean Foundation Inc's EIN?
The Promethean Foundation Inc's EIN (Employer Identification Number) is 93-4016072. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 7, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 14, 2026)
- IRS filings on file for fiscal years 2023–2025
Live grants for the work The Promethean Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The Promethean Foundation Inc's focus areas in our free grants database
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