Ponn Family Foundation

Organization Overview

Ponn Family Foundation is located in Wellesley, MA. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ponn Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ponn Family Foundation generated $118.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $86.7k during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

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Board, Officers & Key Employees

Name (title)Compensation
Nancy Ponn
Trustee
$0
Stephen Wilchins
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $25,345
Net Rental Income$0
Net Gain on Sale of Assets $92,876
Capital Gain Net Income $92,876
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $118,221

Grants Awarded

Over the last fiscal year, Ponn Family Foundation has awarded $49,153 in support to 2 organizations.

Grant RecipientAmount

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

PURPOSE: UNRESTRICTEDUNRESTRICTED

$44,153

THE JULIE FUND INC

PURPOSE: UNRESTRICTED

$5,000
View Grant Profile

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