New York · Public charity
Promesa Foundation Inc
Promesa foundation, inc. Was created as a development arm for the entire acacia network organization. The foundation works to raise funds for acacia network's many operating programs. The goal of the foundation is to develop streams of funding and partnerships with the corporate sector to support and expand its operations. The mutual…
- $46k
- Granted FY2024(still arriving)
- 2
- Itemized grants FY2024
- 5
- Organizations funded FY2023
- 40%
- First-time grantees FY2023
- Itemized, FY2024
- $32k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $20,000
- Largest grant, FY2024
- $20,000
- Organizations funded a year
- 5 to 5
- FY2022 to FY2023
- States reached, FY2024
- 1
- Total assets, FY2024
- $29M
How open it is to new grantees
In FY2023, 40% of the organizations Promesa Foundation Inc funded were first-time grantees, receiving 32% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 2 | $32k | 0% |
| FY2023 | 5 | $62k | 40% |
| FY2022 | 5 | $68k | n/a |
100% classified
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2022 to 2024.
Arts & Culture$65kYouth Development$36kCommunity Improvement$31kHealth$10kFood & Nutrition$10kPhilanthropy$10k
Top grantees
Largest recipients by total granted, FY2022 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| National Puerto Rican Day Parade Inc | $65,000 | 3 | 3% |
| 111th Street Boys Old-Timers Inc | $36,000 | 3 | n/a |
| Hispanic Federation Inc | $25,000 | 2 | 0% |
| St Ann's Corner of Harm Reduction | $10,000 | 1 | 0% |
| Maria Cristina ceballos Vinas | $10,000 | 1 | n/a |
| Congregation Beth Abraham of Bergenfield | $10,000 | 1 | n/a |
| NYC Hispanic Chamber of Commerceinc | $5,500 | 1 | 4% |
About Promesa Foundation Inc
- How much does Promesa Foundation Inc give?
- Promesa Foundation Inc reported 2 itemized grants totaling $32,000, out of $45,880 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 5 and 5 organizations a year over FY2022 to FY2023.
- What does Promesa Foundation Inc fund?
- By grant dollars over FY2022 to FY2024, its largest causes are Arts & Culture (40%), Youth Development (22%), Community Improvement (19%).
- Who are Promesa Foundation Inc's largest grantees?
- By total granted over FY2022 to FY2024: National Puerto Rican Day Parade Inc ($65k), 111th Street Boys Old-Timers Inc ($36k), Hispanic Federation Inc ($25k).
- Does Promesa Foundation Inc fund new organizations?
- In FY2023, 40% of the organizations it funded were first-time grantees.
- Where is Promesa Foundation Inc based?
- Promesa Foundation Inc is based in NY.
Play a game based on Promesa’s filings →
More from the funding graph
The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home