The Prospect Advancement Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAWRENCE, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $988K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$988K
-1.4% YoY
Annual Giving
$27K
-32.5% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$9K
-77.5% YoY
Under IRS private-foundation payout rules, The Prospect Advancement Fund reported a distributable amount of $51K for 2024 — the minimum it must pay out in qualifying distributions.
About The Prospect Advancement Fund
Based on IRS filings
The Prospect Advancement Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAWRENCE, MA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $988K in total assets. In 2024, it awarded 3 grants totaling $27K. Net investment income was $7K.
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 |
|---|---|---|
| Total Assets | $987,684 | $1,001,977 |
| Revenue | $40,155 | $1,046,600 |
| Expenses | $55,233 | $44,623 |
| Qualifying Distributions | $46,656 | $40,000 |
| Net Investment Income | $6,578 | — |
| Distributable Amount | $50,565 | $31,489 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include We Will All Rise ($25,000), Brothers Liberating Our Communities ($1,500), Haymarket People's Fund ($515).
| Recipient | Purpose | Amount |
|---|---|---|
| WE WILL ALL RISE BALTIMORE, MD | FELLOWSHIPS FOR YOUNG MEN OF COLOR | $25,000 |
| BROTHERS LIBERATING OUR COMMUNITIES KANSAS CITY, MO | FELLOWSHIPS FOR BLACK MALE EDUCATORS | $1,500 |
| HAYMARKET PEOPLE'S FUND JAMAICA PLAIN, MA | SOCIAL JUSTICE CAUSES IN NEW ENGLAND | $515 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICARDO NEAL | PRESIDENT | 5 | $9,000 |
| ATIYA DANGLEBEN NEAL | TREASURER | 1 | — |
| ANTHONY DEVOE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Prospect Advancement Fund?
The Prospect Advancement Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAWRENCE, MA. It holds $988K in total assets as of 2024.
How large is The Prospect Advancement Fund?
As of 2024, The Prospect Advancement Fund holds $988K in total assets with $40K in annual revenue. It awarded 3 grants totaling $27K in 2024.
Where does The Prospect Advancement Fund operate?
The Prospect Advancement Fund has awarded grants in Massachusetts, Maryland, Missouri.
What size grants does The Prospect Advancement Fund award?
In 2024, The Prospect Advancement Fund awarded 3 grants totaling $27K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Prospect Advancement Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Prospect Advancement Fund reported a distributable amount of $51K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Prospect Advancement Fund's EIN?
The Prospect Advancement Fund's EIN (Employer Identification Number) is 92-0403094. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in The Prospect Advancement Fund'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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