Portland Foundation Inc

Organization Overview

Portland Foundation Inc is located in Portland, IN. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Portland Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portland Foundation Inc 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, Portland Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $950.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Portland Foundation Inc has awarded 70 individual grants totaling $1,943,471. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PORTLAND FOUNDATION ADMINISTERS APPROXIMATELY 100 SEPARATE SCHOLARSHIP TRUSTS ESTABLISHED FOR THE PROVISION OF STUDENT SCHOLARSHIPS IN AND AROUND JAY COUNTY INDIANA. THE FOUNDATION ENSURES SPECIFIC GUIDELINES ESTABLISHED BY EACH SCHOLARSHIP TRUST ARE FOLLOWED IN AWARDING SCHOLARSHIPS TO BETTER THE COMMUNITY. ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,369,468
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,369,468
Total Program Service Revenue$0
Investment income $515,723
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,885,191

Grants Awarded

Over the last fiscal year, Portland Foundation Inc has awarded $208,884 in support to 11 organizations.

Grant RecipientAmount

JAY COMMUNITY CENTER

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$48,153

ASBURY UNITED METHODIST CHURCH

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$41,430

A BETTER LIFE - BRIANNA'S HOPE

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$30,000

UNITED WAY OF JAY COUNTY

Org PageRecipient Profile

Portland, IN

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$26,950

WEST JAY COMMUNITY CENTER

Org PageRecipient Profile

Dunkirk, IN

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$13,377

JAY COUNTY 4TH OF JULY COMMITTEE

Org PageRecipient Profile

Portland, IN

PURPOSE: ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF JAY COUNTY, INDIANA, NOW AND FOR GENERATIONS TO COME, BY BUILDING COMMUNITY ENDOWMENT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Portland Foundation Inc has recieved totaling $109,145.

Awarding OrganizationAmount
Raymond James Charitable Endowment Fund

St Petersberg, FL

PURPOSE: GENERAL SUPPORT

$109,145
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,430,189
Earnings$3,100,522
Admin Expense$120,100
Net Contributions$2,369,468
Grants$701,050
Ending Balance$23,079,029

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