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Filing year 2024

THE PROFESTA FOUNDATION

Boston, Massachusetts·EIN 83-2095055·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.4M
Total assets
$10.2M
Total expenses
$321k
Reported officers
1

Reported officers (all unpaid)

No paid executives reported in 2024. THE PROFESTA FOUNDATION reported 1 unpaid officer or board member on its 990-PF.

Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$315k

Itemized grants

14

Median grant

$16k

RecipientLocationPurposeAmount
FIDELITY CHARITABLECINCINNATI, OHGENERAL SUPPORT$70k
VENERINI ACADEMYWORCESTER, MAGENERAL SUPPORT$51k
THE AMERICAN COLLEGE OF GREECEBOSTON, MAGENERAL SUPPORT$27k
CROSSROAD INSTITUTIONCAMBRIDGE, MAGENERAL SUPPORT$25k
UMASS MEDICAL SCHOOLSHREWSBURY, MAGENERAL SUPPORT$25k
BOSTON UNIVERSITY SCHOOL OF LAWBOSTON, MAGENERAL SUPPORT$20k
GREEK ORTHODOX METROPLOIS OF BOSTONBROOKLINE, MAGENERAL SUPPORT$18k
MUSEUM OF FINE ARTS BOSTONBOSTON, MAGENERAL SUPPORT$15k
ST SPYRIDON CATHEDRALWORCESTER, MAGENERAL SUPPORT$15k
BOSTON CELTICS SHAMROCK FOUNDATIONBOSTON, MAGENERAL SUPPORT$15k
BENTLEY UNIVERSITYWALTHAM, MAGENERAL SUPPORT$10k
NEW ENGLAND LAW BOSTONBOSTON, MAGENERAL SUPPORT$10k
THE HELLENIC WOMENS CLUB INCBOSTON, MAGENERAL SUPPORT$10k
DUKE UNIVERSITYDURHAM, NCGENERAL SUPPORT$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE PROFESTA FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$532k
$277k
2023
$1.4M
$321k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

THE PROFESTA FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Massachusetts earns a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts
FAQ

Common questions about THE PROFESTA FOUNDATION

What are THE PROFESTA FOUNDATION's revenue and expenses?

In 2024, THE PROFESTA FOUNDATION reported $1.4M in total revenue and $321k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.