Puerto Rico · Nonprofit
Fundacion Luis G Fortuno Inc
Fundacion Luis G Fortuno Inc (Puerto Rico) receives grants from 7 organizations whose IRS filings report $339,386 to it, the largest being Atlas Economic Research Foundation ($160,775). 2 of them have funded it in more than one year.
- Revenue FY2024
- $1.4M
- Funders on record
- 7
- Grants received
- $339k
- Net assets
- $436k
What Fundacion Luis G Fortuno Inc does
Mission
The organizations mission is to cultivate free market solutions that foster self-reliance, economic growth and social well-being in Puerto Rico.Foundations programs are focused on three key areas:1)improving the ease of doing business; 2)reducing generationalpoverty;and 3)increasing entrepreneurship.
As stated on its FY2024 Form 990.
Programs
On its FY2023 return the organization reported starting a significant new program and a significant change in how it conducts a program.
In 2023, the organization, launched a new program called Road to Prosperity Series, which provides periodic newsletters on economic trends in Puerto Rico coupled with and interactive platform in the website. The purpose is maintain our followers, supporters and program participants informed.In 2023, the organization launched a new research project called Freedom to Prosper, which seeks to measure attitudes among residents in Puerto Rico on how to improve the quality of life and economic environment through quantitative and qualitative methods. The research firm, Gaither International, was used for this purpose.
Its own explanation, from Schedule O of that return (Part III, line 2).
While the organization continues to use and share the publications of the Economic Freedom Index and the Competitiveness Toolkit, it is no longer working to update the data and publish new reports under these program names.
Its own explanation, from Schedule O of that return (Part III, line 3).
The Foundations largest program is LEMONADE DAY, a youth entrepreneurship education program for children. Participants in Lemonade Day learn how to plan and operate their own business using the lemonade stand model. In the process, they gain basic financial literacy skills, how to save and share with the community members. The Foundation provides educational materials, mentorship training and activities to motivate kids in their entrepreneurial journey. In 2023, 1,954 kids and 776 adult mentors registered for participation in the program. As part of a collaborative agreement with the Puerto Rico Department of Education, Lemonade Day program can also be offered in public schools. Under the agreement, the foundation receives no compensation, and it is available to teachers who are interested in offering it in their classrooms. It is not compulsory. Lemonade Day is meant to be an educational activity for children to learn how to spend, save and share money responsibly.
$276,297 spentof which $16,000 as grants$306,650 earned by the program45% of program spendingPORTRAITS OF PROSPERITY is a photography contest and exhibit for high school and university students that aims to educate them on the value of entrepreneurship in their communities through the visual arts. Participants use their cameras to capture the stories of entrepreneurs. The photographs are then mounted as a collection in an exhibition that is open and free to the public. Prizes are given winning photographs that are selected by a panel of judges. In 2023, we had 103 participants from high school and universities. The exhibit was on display in 2 locations (San Juan Metro Area and in Ponce) and received more than 1,200 visitors.
$58,887 spentof which $11,500 as grants$70,700 earned by the program10% of program spendingCRECE en tu Municipio is directed toward a program municipal public employees. The program trains public servants on free market economics, how to improve the ease of doing business in their communities and how to attract human investment capital to their communities through the establishment of metrics and strategic planning. In 2023, the program was offered to 40 employees in 2 municipalities. It is funded mainly through a grant from the Puerto Rico Legislatures Special Commission for Legislative Grants. The process to obtain the grant is competitive. In late 2023, Atlas Network awarded the Foundation a grant for CRECE en tu Municipio in the amount of $24,000. Funds from this grant will be used to expand its reach to other municipalities in 2024.
$49,383 spentof which $66,887 as grants$113,887 earned by the program8% of program spendingPUERTO RICO CRECE is an initiative that promotes open dialogues to explore solutions to poverty in an open economy. More than 800 individuals, including university and high school students, have participated in these discussions which feature special presentation of the award-winning documentary, Poverty Inc.
$0 spent0% of program spendingSPEAKER SERIES is a program where we offer talks and forums on topics including economic development, education,labor market trends and individual rights. Forums are open to the public through live transmissions and in-person participation and to members of the media.
$128,647 spentof which $7,500 as grants$84,372 earned by the program21% of program spendingFREEDOM TO PROSPER IN PUERTO RICO is project began in 2023. It is a comprehensive research project that includes qulitative and quantitative research to better understand Puerto Ricans views on their prospects for growth on the island and the correlation between increased economic freedom and peoples motivation to stay and invest locally. The projects findings
$36,351 spentof which $49,985 as grants$50,000 earned by the program6% of program spendingwill be presented in 2024.
$0 spent0% of program spendingLFG Book is a project that involves the writing and publication of a book by former Governor Luis G Fortuno, on how economic freedom principles guided his policy plan during his tenure as governor of Puerto Rico. The project involves taped interviews with members of the Cabinet, as part of the research and development of the book. Additional research was
$6,275 spent$38,000 earned by the program1% of program spendingconducted for the purposes of writing.
$0 spent0% of program spendingROAD TO PROSPERITY SERIES provides periodic newsletters on economic trends in Puerto Rico couple with an interactive platform that contains key economic indicators online for public consumption and use. It also provides periodic policy papers on different topics like labor market trends, for example. The purpose is to maintain our followers, supporters and program participants informed.
$21,966 spent$38,000 earned by the program4% of program spendingBIBLIOTECA SIGLO XXI contains the archives and library of former Governor Luis G Fortuno. CRECE maintains the archives, including preservation and organization of official documents that are made available to the public through exhibits, special events, and research activities.
$31,104 spent$20,300 earned by the program5% of program spending
The 11 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $608,910.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $319k to $429k (+34%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 19% · 2022 7% · 2023 10%. Grants only. Government contracts and fees sit inside program revenue.
100% of Fundacion Luis G Fortuno Inc’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Luis G Fortuno
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $20k → $177k.
3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 5% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Fundacion Luis G Fortuno Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Fundacion Luis G Fortuno Inc leans on a few funders — its largest provides 47% of grant income and the top three 95%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
55% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Fundacion Luis G Fortuno Inc.
Largest funder’s share by year: 2017 100% · 2020 86% · 2021 50% · 2022 100% · 2023 85% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
Fundacion Luis G Fortuno Inc draws 100% of its grant income from funders outside Puerto Rico, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $16k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Fundacion Luis G Fortuno Inc has grown faster than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like Fundacion Luis G Fortuno Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Puerto Rico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for Fundacion Luis G Fortuno Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Fundacion Luis G Fortuno Inc?
- Fundacion Luis G Fortuno Inc (Puerto Rico) receives grants from 7 organizations whose IRS filings report $339,386 to it, the largest being Atlas Economic Research Foundation ($160,775). 2 of them have funded it in more than one year.
- How many funders does Fundacion Luis G Fortuno Inc have?
- IRS filings report 7 organizations giving $339,386 in grants to Fundacion Luis G Fortuno Inc, 2 of which have funded it in more than one year.
- Who is the largest funder of Fundacion Luis G Fortuno Inc?
- Atlas Economic Research Foundation is the largest funder on record, with $160,775 in grants. The full list of funders is on this page.
- How can an organization like Fundacion Luis G Fortuno Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Puerto Rico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing