Prospect Hill Foundation

The Prospect Hill Foundation is a left-of-center organization which issues grants to pro-abortion, environmentalist, criminal justice reform, pro-immigration, and anti-nuclear proliferation groups. 1

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At-A-Glance

Type: Non-profit, 501(c)(3), Private Foundation
Website: prospect-hill.org
President:

John Beinecke

Location: New York, NY View on map
Tax ID: 13-6075567
Most Recent Filing: 2024
Budget (2025): Assets: $78,420,645 Revenue: $6,036,814 Expenses: $4,640,480

Contents

    The Foundation was created in 1959, and as of 2018, it possesses $70,649,705 in assets. It issued $1,012,286 in grants to various left-of-center organizations in that year. 2

    Background

    The Prospect Hill Foundation was created in 1959 by William S. Beinecke, president and chairman of the Sperry and Hutchinson Company, a company that operated a trading stamps program founded by his great uncle Thomas Sperry, of the wealthy Beinecke family. His father, Fredrick W. Beinecke, was one of the co-founders of the Plaza Hotel in New York City. 3

    In 1983 William S. Beinecke merged the Prospect Hill Foundation with his father’s Frederick W. Beinecke Fund. The organization was further augmented through the will of his mother, Carry Sperry Beinecke. 4

    Grant Making

    The Prospect Hill Foundation grants in five areas: pro-abortion organizations, environmentalist organizations, pro-immigration groups, anti-nuclear proliferation organizations, and criminal justice reform organizations. 1

    Organizations supported by the Prospect Hill Foundation in 2018 include5:

    Funding

    The Prospect Hill Foundation has $70,649,705 in assets, generated $1,110,098 in revenue from dividends and interests in security, $4,736, 734 revenue from the sale of assets, and expended a total $2,609,277 on operating expenses and grants. 6

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $78,420,645 $6,036,814 $4,640,480
    2024 $76,184,498 $2,128,010 $4,312,261 View
    2023 $74,142,105 $2,504,507 $4,918,224 View
    2022 $74,858,548 $7,708,637 $4,738,899 View
    2021 $88,998,817 $4,442,188 $4,063,588 View
    2020 $69,947,130 $5,189,414 $4,336,627 View

    Prior year filings: 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $16,700
    • Number of Grants: 6
    • Number of Funders: 2

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $38,403,892
    • Number of Grants: 2,918
    • Number of Recipients: 915

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $200,0002022 Virginia OrganizingFOR GENERATION 180 DESIGNATED FOR LAUNCH SUPPORT
    $185,0002020 The Colorado CollegeFor the Tutt Library ‘building on the Block: Library for the Future’ campaign
    $150,0002022 Yale UniversityNEW FACILITY DAVID GEFFEN SCHOOL OF DRAMA AT YALE
    $100,0002023 Groundswell FundGENERAL SUPPORT
    $100,0002023 National Latina Institute for Reproductive JusticeGENERAL SUPPORT
    $100,0002023 Urge Unite for Reproductive & Gender EquityGENERAL SUPPORT
    $100,0002021 The Philharmonic Symphony Society of Ny IncSETTING THE STAGE FUND
    $97,5002021 The Colorado CollegeTHE TUTT LIBRARY 'BUILDING ON THE BLOCK: LIBRARY FOR THE FUTURE' CAMPAIGN
    $75,0002024 James N & Jennifer F Cooper 5 5 Pct Pl 1 Char Rem Tr Ua 021198 T29106BARTHOLOMEWS COBBLE GROUPING
    $75,0002024 Outrider Foundation IncOUTRIDERS JOURNALISM & MEDIA PROGRAM
    $75,0002024 The Arms Control AssociationsGENERAL SUPPORT
    $75,0002023 Outrider Foundation IncOUTRIDERS JOURNALISM & MEDIA PROGRAM
    $75,0002023 The Arms Control AssociationsARMS CONTROL STRATEGIES TO MOVE US BACK FROM THE BRINK
    $75,0002022 The Arms Control AssociationsGENERAL SUPPORT
    $75,0002021 Exalt YouthSTRATEGIC SCALING PLAN CAPITAL CAMPAIGN
    $75,0002020 The Compact of Cape Cod Conservation Trusts IncSipson Island Preservation Project
    $70,0002021 The Arms Control AssociationsGETTING BACK ON COURSE: HALTING AND REVERSING GROWING NUCLEAR DANGERS
    $70,0002020 The Arms Control AssociationsGeneral Support
    $57,5002020 Save The Bay, Inc.For the Bay Defense Fund
    $55,0002024 Center for Arms Control andGENERAL SUPPORT
    $55,0002024 Dana Hall SchoolCAPITAL CAMPAIGN
    $55,0002023 Center for Arms Control andGENERAL SUPPORT
    $55,0002022 Center for Arms Control andGENERAL SUPPORT
    $50,0002024 GLOBAL GREENGRANTS FUND INCCAPITAL GRANT/ORGANIZATIONAL STRENGTHENING
    $50,0002024 KEEWAYDIN FOUNDATIONTHE SPERRY FUND ENDOWED SCHOLARSHIP

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. “About the Foundation” The Prospect Hill Foundation. http://prospect-hill.org/about-the-foundation/
    2. “Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed August 10, 2019, Part I, Line 25; Part II, Line 16.
    3. “ABOUT US – Our History” The Prospect Hill Foundation. http://fdnweb.org/beinecke/history/
    4. “Annual Report 2016 – 2017” The Prospect Hill Foundation. http://prospect-hill.org/files/2019/03/PHF-Annual-Report-2016-17-webx.pdf
    5. “Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed August 10, 2019, Part XV.
    6. “Return of Organization Exempt from Income Tax.” Guidestar.org. Accessed August 10, 2019, Part I, Lines 1-27.