The Prosperity Foundation Inc
The Prosperity Foundation Inc is a public charity based in New Haven, Connecticut. It describes itself as a community philanthropic vehicle focused on improving the lives of Connecticut’s African-American communities and strengthening Black communities through support for organizations addressing health, education, and economic disparities.
The Prosperity Foundation Inc at a glance
In short: The Prosperity Foundation Inc gave $2.0M across 54 grants in 2024 (avg $37K), mostly in Connecticut. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,984,624
- +308.0% vs 2023
- Grants made (2024)
- 54
- +107.7% vs 2023
- Average grant
- $36,752
- +96.4% vs 2023
- Median grant
- $16,456
- Total assets
- $2,211,727
- -44.6% vs 2023
- Primary geography
- Connecticut (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to The Prosperity Foundation Inc
- Contact
Mailing address: 1287 Chapel Street, New Haven, CT 06511
Phone: (203) 909-1315
Website: https://tpfct.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Prosperity Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Blue Hills Civic ($471K). Together the top 10 received $1.3M.
Grant Size Distribution
80 grants across all recorded years
The most common grant size was under $50K: 75 grants of 80 (94%).
Geographic Focus
Where this funder awards grants
The foundation’s 2024 grant dollars went primarily to Connecticut: 99% went to recipients in Connecticut and 1% to recipients in Massachusetts. Its stated community focus is Black communities in Connecticut.
Grant Distribution by State
Share of 2024 grant dollars across all 54 itemized grants.
States
Cities
How The Prosperity Foundation Inc gives
- 54% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $74K (2020) to $2.0M (2024). In 2024 it made 54 grants totaling $2.0M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Blue Hills Civic Hartford, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $471,000 |
| Hartford Renais Hartford, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $378,624 |
| Efficiency for All Inc Windsor, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $150,000 |
| Greater Hartford YMCA Hartford, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $100,000 |
| Our Piece of the Pie Inc Hartford, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $100,000 |
| Lighthouse Community Dev Corp Stamford, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $25,000 |
| St Matthews Ufwb Church New Haven, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $25,000 |
| Elm City Go Karting Association New Haven, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $22,500 |
| Emerge Connecticut Inc New Haven, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $22,500 |
| Fixing Fathers Inc Hamden, CT | The grant is provided to grantees in order to advance their nonprofit mission and vision | $22,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,211,727 | $2,714,369 | $3,163,028 | $1,984,624 | 54 | $98,213 |
| 2023 | $3,994,512 | $1,796,845 | $1,077,594 | $486,419 | 26 | $77,367 |
| 2022 | $1,929,277 | $1,820,718 | $545,536 | $328,466 | Total only | $36,132 |
| 2021 | $1,358,648 | $846,580 | $753,625 | $232,982 | Total only | $27 |
| 2020 | $475,358 | $329,249 | $114,423 | $74,237 | Total only | $40,961 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s stated mission is to cultivate and grow Black communities in Connecticut through capacity-building solutions, creating a brighter future for community members and working toward a more equitable society. It says its 2024 work provided resources, training, and support to community leaders, businesses, and organizations committed to positive community impact.
Its grants include support for organizations with varied missions. For example, Emerge Connecticut describes its work as helping formerly incarcerated people return successfully to their families and communities. New Haven Promise works to encourage college attendance and graduation among public-school students and support their return to the greater New Haven community. The Workplace provides job training, placement, and counseling for economically disadvantaged and dislocated individuals. FaithActs for Education describes its work as building power to secure a better education for children.
Grantmaking
In 2024, the foundation reported 54 grants totaling $1,984,624. Grant amounts ranged from $6,864 to $471,000, with a median of $16,456. Among the largest grants listed were $471,000 to Blue Hills Civic in Hartford, $378,624 to Hartford Renais in Hartford, $150,000 to Efficiency for All in Windsor, and $100,000 each to Greater Hartford YMCA and Our Piece of the Pie, both in Hartford. Other listed awards included $22,500 each to Emerge Connecticut, Fixing Fathers, Hot Shot Services/Hot Shot Basketball Camp, and James Hillhouse High School Brown Girls Cooking.
The foundation’s 2024 filing describes its grant purpose as advancing recipients’ nonprofit missions and visions. It also reported providing resources, training, and support to community leaders, businesses, and organizations. Its St. Andrews Alumni Fund supports individuals, groups, and organizations on a case-by-case basis.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Howard Hill as chair/president, Larry Conaway as vice president, Donna Lecky as treasurer, and Brian Cook and Adrienne Cochrane as directors. Orsella Hughes is listed as executive director. The foundation’s website identifies Howard K. Hill as founder and board chair, Larry Conaway as vice president, Brian Cook as secretary, and Adrienne Cochrane as a director.
The Prosperity Foundation Inc is led by Orsella Hughes, Executive Director on every filing since 2020; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Orsella Hughes
Executive Director
On filings since 2020
40 hrs/week
$88K (2021) → $88K (2024)
Howard K Hill
Chair & President
President → Chair & President, 2023
On filings since 2020
5 hrs/week
No compensation reported
Brian H Cook
Director
Treasurer → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Adrienne Cochrane
Director
On filings since 2022
1 hr/week
No compensation reported
Donna M Lecky
Treasurer
Director → Treasurer, 2022
On filings since 2020
3 hrs/week
No compensation reported
Larry Conaway
Vice President
On filings since 2020
3 hrs/week
No compensation reported
Former officers (3)
- Former: Cathy Graves (2020–2022) — Secretary
- Former: Valarie Shultz-Wilson (2020–2022) — Director
- Former: Yves Joseph II (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $88K, to Orsella Hughes (Executive Director).
Frequently asked questions about The Prosperity Foundation Inc
How much does The Prosperity Foundation Inc give each year?
The Prosperity Foundation Inc gave $2.0M across 54 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $486K across 26 grants.
What is The Prosperity Foundation Inc's typical grant size?
The Prosperity Foundation Inc's median grant in 2024 was $16,456, and its average grant was $36,752, across 54 grants on its 2024 IRS Form 990.
Where does The Prosperity Foundation Inc give grants?
The Prosperity Foundation Inc gives mostly in Connecticut: 99% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were New Haven, CT (22 grants), Hartford, CT (14 grants), Hamden, CT (2 grants) and Bridgeport, CT (2 grants).
Does The Prosperity Foundation Inc give general operating support?
Not in 2024: none of the 54 grants with a stated purpose on The Prosperity Foundation Inc's 2024 IRS Form 990 were described as general or operating support.
Who are The Prosperity Foundation Inc's largest grantees?
The Prosperity Foundation Inc's largest 2024 grantees include Blue Hills Civic ($471,000), Hartford Renais ($378,624) and Efficiency for All Inc ($150,000), according to its 2024 IRS Form 990. Together they received 50% of its itemized 2024 grant dollars.
How large is The Prosperity Foundation Inc?
The Prosperity Foundation Inc reported $2.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.7M.
What does The Prosperity Foundation Inc fund?
The foundation’s stated mission is to cultivate and grow Black communities in Connecticut through capacity-building solutions, creating a brighter future for community members and working toward a more equitable society. See mission & focus areas ↑
How do I apply for a grant from The Prosperity Foundation Inc?
The Prosperity Foundation Inc has no public application process in the sources Grantable reviewed. Check tpfct.org for current guidelines, or contact the foundation directly before submitting a request.
What is The Prosperity Foundation Inc's EIN?
The Prosperity Foundation Inc's EIN (Employer Identification Number) is 47-4364468. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 2, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 5, 2025)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Prosperity Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Prosperity Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-prosperity-foundation-inc-morg_4f28a7ac0da94726b10dc0989706e854
BibTeX
@misc{grantable_474364468_2026,
author = {{Grantable}},
title = {{The Prosperity Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-prosperity-foundation-inc-morg_4f28a7ac0da94726b10dc0989706e854},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Prosperity Foundation Inc'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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