The Prospect Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, VT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 27 grants totaling $147K. Net investment income was $594K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
+19.2% YoY
Annual Giving
$147K
+61.0% YoY
Grant Count
27
+50.0% YoY
Avg Grant Size
$5K
+7.3% YoY
Under IRS private-foundation payout rules, The Prospect Fund reported a distributable amount of $142K for 2024 — the minimum it must pay out in qualifying distributions.
About The Prospect Fund
Based on IRS filings
The Prospect Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, VT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 27 grants totaling $147K. Net investment income was $594K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,844,354 | $2,386,676 | $2,308,106 |
| Revenue | $604,296 | $197,993 | $185,342 |
| Expenses | $163,106 | $109,140 | $149,614 |
| Qualifying Distributions | $146,500 | $91,000 | $135,250 |
| Net Investment Income | $594,081 | $159,627 | $170,978 |
| Distributable Amount | $141,595 | $122,421 | $126,795 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
134 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Museum of Fine Arts ($30,000), Cvoeo Feeding Chittenden ($10,000), National Abortion Federation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHAMPLAIN HOUSING TRUST BURLINGTON, VT | TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $5,000 |
| CONSERVATION LAW FOUNDATION -VERMONT BOSTON, MA | ENVIRONMENTAL SUPPORT | $5,000 |
| CVOEO FEEDING CHITTENDEN BURLINGTON, VT | FOOD BANK SUPPORT | $10,000 |
| DISMAS OF VERMONT INC BURLINGTON, VT | SHELTER/SUPPORT AFTER INCARCERATION | $2,000 |
| HARTFORD ART SCHOOL INC WEST HARTFORD, CT | SCHOLARSHIP | $1,000 |
| LAKE CHAMPLAIN COMMITTEE INC BURLINGTON, VT | LEGACY FUND ENVIRONMENTAL PROTECTION | $5,000 |
| MUSEUM OF FINE ARTS BOSTON, MA | OBJECTS CONSERVATION | $30,000 |
| NATIONAL ABORTION FEDERATION ANNAPOLIS JUNCTION, MD | TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
| NATIONAL NETWORK OF ABORTION FUNDS BEAVERTON, OR | TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $10,000 |
| NATIONAL OUTDOOR LEADERSHIP SCHOOL LANDER, WY | ENDOWMENT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RENA B KOOPMAN | TRUSTEE | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Prospect Fund?
The Prospect Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BURLINGTON, VT. It holds $2.8M in total assets as of 2024.
How large is The Prospect Fund?
As of 2024, The Prospect Fund holds $2.8M in total assets with $604K in annual revenue. It awarded 27 grants totaling $147K in 2024.
Where does The Prospect Fund operate?
The Prospect Fund has awarded grants in Alabama, California, Connecticut, District of Columbia, Massachusetts, Maryland, Maine, New York, Oregon, Vermont, Washington, Wyoming.
What size grants does The Prospect Fund award?
In 2024, The Prospect Fund awarded 27 grants totaling $147K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Prospect Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Prospect Fund reported a distributable amount of $142K 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 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Prospect 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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