The Prospect Fund
The Prospect Fund is a private foundation, based in Burlington, VT. IRS filing data is available from 2019 through 2025. In 2025, it awarded 5 grants totaling $4.3M. Net investment income was $40K.
The Prospect Fund at a glance
In short: The Prospect Fund gave $4.3M across 5 grants in 2025 (avg $865K), mostly in Vermont. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,326,489
- +2853.2% vs 2024
- Grants made (2025)
- 5
- -81.5% vs 2024
- Average grant
- $865,298
- +15847.5% vs 2024
- Median grant
- $10,000
- Primary geography
- Vermont (100% 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 Prospect Fund funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Vermont Community Foundation ($4.3M). Together the top 5 received $4.3M.
Grant Size Distribution
110 grants across all recorded years
The most common grant size was under $50K: 109 grants of 110 (99%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How The Prospect Fund gives
- Giving grew 3151% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $91K (2023) to $4.3M (2025). In 2025 it made 5 grants totaling $4.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vermont Community Foundation Middlebury, VT | Unrestricted Charitable Contribution | $4,296,972 |
| Vermont International Film Foundation Burlington, VT | Arts Support | $10,142 |
| Shelburne Farms Shelburne, VT | Annual Fund | $10,000 |
| Vermont Comm Wash and Learn Williston, VT | To Further Exempt Purpose of Organization | $5,000 |
| Fairbanks Museum St Johnsbury, VT | To Further Exempt Purpose of Organization | $4,375 |
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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 | — | $40,076 | $4,350,904 | $4,326,489 | 5 | $4,326,489 | $40,076 | $100,384 |
| 2024 | $2,844,354 | $604,296 | $163,106 | $146,500 | 27 | $146,500 | $594,081 | $141,595 |
| 2023 | $2,386,676 | $197,993 | $109,140 | $91,000 | 18 | $91,000 | $159,627 | $122,421 |
| 2022 | $2,308,106 | $185,342 | $149,614 | $133,100 | 31 | $135,250 | $170,978 | $126,795 |
| 2021 | $2,269,714 | $305,098 | $131,985 | $118,500 | 29 | $120,350 | $295,772 | $139,437 |
| 2020 | $2,096,281 | $166,625 | $124,345 | $113,000 | 29 | — | $160,379 | $116,196 |
| 2019 | $2,053,929 | $113,802 | $124,459 | $117,765 | 30 | — | $107,224 | $114,599 |
Under IRS private-foundation payout rules, The Prospect Fund reported a distributable amount of $100K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Prospect Fund is led by Rena B. Koopman, Trustee on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Rena B. Koopman
Trustee
On filings since 2019
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Prospect Fund
How much does The Prospect Fund give each year?
The Prospect Fund gave $4.3M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $147K across 27 grants.
What is The Prospect Fund's typical grant size?
The Prospect Fund's median grant in 2025 was $10,000, and its average grant was $865,298, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Prospect Fund give grants?
The Prospect Fund gives mostly in Vermont: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does The Prospect Fund give general operating support?
Yes: 40% of The Prospect Fund's 2025 grants with a stated purpose (2 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Prospect Fund's largest grantees?
The Prospect Fund's largest 2025 grantees include Vermont Community Foundation ($4,296,972), Vermont International Film Foundation ($10,142) and Shelburne Farms ($10,000), according to its 2025 IRS Form 990-PF.
How much is The Prospect Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Prospect Fund reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Prospect Fund's EIN?
The Prospect Fund's EIN (Employer Identification Number) is 30-6057244. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 5, 2020)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 7, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 27, 2025)
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Figures come from The Prospect Fund'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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