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PROSPECT HILL FOUNDATION INC

NEW YORK, NY · EIN 136075567 · Form 990PF · FY2024 · Medium ($1M-$10M)
revenue
$6.0M
expenses
$2.0M
net assets
$78.4M
employees
profile · synthesized from sources

Private foundation based in New York that makes grants to nonprofit organizations working in education, environmental conservation, arts, and nuclear arms control. The foundation does not appear to conduct direct programming, instead focusing on financial support to other nonprofits through general operating and project-specific grants. Active grantmaking in 2024 included support for journalism, cultural institutions, and organizational capacity building.

named programs · 1 · from sources

What they call their work

Grantmaking Program
Provides financial support to nonprofit organizations in areas including education, arts and culture, environmental conservation, and nuclear arms control and non-proliferation
activities · 7 groups

What they do

  • Climate Change Research and Advocacy Funding 2 activities
    • Funding nuclear information and scientific research
      Provides financial support to the Nuclear Information Project at the Federation of American Scientists to promote transparency and informed discourse on nuclear weapons capabilities and policy.
    • Supporting organizational capacity building for nonprofits
      Funds capacity-building initiatives such as a capital grant to Global Greengrants Fund aimed at strengthening organizational infrastructure and effectiveness.
  • Performing Arts Production Support 1 activity
    • Funding arts and cultural programs
      Provides grant support to arts organizations such as Ballet Hispánico’s Dance Innovación Fund to promote cultural expression and innovation in dance.
  • Environmental Conservation Grantmaking 1 activity
    • Funding conservation and land stewardship projects
      Supports land conservation efforts including Bartholomew's Cobble through The Trustees of Reservations and Lefferts House through Prospect Park Alliance.
  • Public Media Funding 1 activity
    • Funding journalism and media initiatives
      Funds the Outrider Foundation's Journalism & Media Program, supporting media-focused projects that advance public understanding of critical global issues.
  • Human Rights Advocacy Funding 1 activity
    • Providing general support to arms control organizations
      Provides general support funding to the Arms Control Association and the Center for Arms Control and Non-Proliferation to strengthen advocacy and policy work in nuclear non-proliferation and global security.
  • Private K–12 School Support 1 activity
    • Supporting educational institutions through capital and scholarship grants
      Funds capital campaigns such as at Dana Hall School and supports endowed scholarships like The Sperry Fund Endowed Scholarship through The Keechwaydin Foundation.
  • Uncategorized 1 activity
    • Funding philanthropy and nonprofit collaboration initiatives
      Supports collaborative philanthropic efforts such as the Catch Together initiative administered through Legacy Philanthropy Works.
financials · form 990PF · fy2024
revenue
Total revenue$6.04M
Contributions & grants
Program service revenue
Investment income$929K15%
Other revenue$3.92M
expenses
Total expenses$2.03M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$2.61M
balance sheet
Total assets$78.42M
Cash
Investments
Liabilities
Net assets$78.42M
6 years on record · 2019–2024 · YoY revenue +183.7%
leadership · form 990 part vii · fy2024

Who runs it

board members · 10
  • BENJAMIN B BEINECKE — DIRECTOR
  • CARRIE S ELSTON — PRESIDENT & DIRECTOR
  • ELIZABETH BEINECKE ELSTON — SECRETARY & DIRECTOR
  • FRANCES G BEINECKE — DIRECTOR
  • FREDERICK W BEINECKE — VICE PRESIDENT & DIRECTOR
  • JACOB S BEINECKE — DIRECTOR
  • JESSE W SMITH — DIRECTOR
  • JOHN B BEINECKE — DIRECTOR
  • MARY BEINECKE ELSTON — DIRECTOR
  • SARAH BEINECKE RICHARDSON — DIRECTOR
relationships · 11

Who they work with

  • ARMS CONTROL ASSOCIATION Partner — Received general support funding
  • BALLET HISPANICO OF NEW YORK Partner — Funded for Dance Innovación Fund
  • CENTER FOR ARMS CONTROL AND NON-PROLIFERATION Partner — Received general support funding
  • DANA HALL SCHOOL Partner — Funded for capital campaign
  • FEDERATION OF AMERICAN SCIENTISTS Partner — Funded for Nuclear Information Project
  • GLOBAL GREENGRANTS FUND Partner — Funded for capital grant and organizational strengthening
  • LEGACY PHILANTHROPY WORKS Partner — Funded for Catch Together initiative
  • OUTRIDER FOUNDATION Partner — Funded for Journalism & Media Program
  • PROSPECT PARK ALLIANCE Partner — Funded for Lefferts House
  • THE KEEWAYDIN FOUNDATION Partner — Funded for The Sperry Fund Endowed Scholarship
  • THE TRUSTEES OF RESERVATIONS Partner — Funded for Bartholomew's Cobble grouping