The assets of Prospect's top foundations grew to $1,922,458 for the most recent year on record, according to the recently released Kentucky Foundation DataBook.
The 384-page DataBook lists every foundation in Kentucky and profiles the top 162 Kentucky grantmaking foundations, whose assets represent more than 99% of all Kentucky foundation assets. The DataBook is the only directory in Kentucky that lists every one of the 7,941 grants awarded by the state's largest foundations.
There are 3 Prospect foundations profiled in the DataBook. The combined total of the grants awarded by these foundations was $39,000.
Prospect nonprofit organizations received 12 grants with a combined total of $29,845. The average grant to Prospect nonprofit organizations was $2,487.
Each of the 7,941 grants made by the profiled foundations is described using the 26 Major Field Areas of the National Taxonomy of Exempt Entities (NTEE) classification system, developed specifically to categorize nonprofit organizations. The top categories of foundation grants in Prospect were: 1 grants classified as Philanthropy & volunteerism, with a sub-total of $18,000; 8 grants classified as Religion, spiritual development, with a sub-total of $7,445; 2 grants classified as Human services-other, multi-purpose, with a sub-total of $3,650.
Prospect's largest foundation is the Dunbar Foundation, whose assets of $1,111,142 give it a state-wide ranking of 107, as compared to the other 161 foundations profiled. The largest Prospect grant, made by Community Foundation Of Louisville Depository, was to Samaritans in the amount of $18,000.
The combined asset amount of Kentucky's top 162 foundations is $1,400,789,233. The foundations profiled in the DataBook are identified by careful cross checking of IRS and state public records (starting with the IRS 990 tax returns foundations are required to file), culling out dedicated purpose foundations or foundations which award scholarships exclusively.
