Practice Foundation Inc | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Practice Foundation Inc. Data shown is extracted from Form 990-PF filings.
EIN: 23-7000737
Foundation Overview
Based in Mystic, CT, Practice Foundation Inc has awarded 11 grants totaling $78,000 to organizations in Maryland, Connecticut and 1 other state across the US. Individual grants range from $500 to $12,500, with a median award of $7,500.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
2 of 4 recipients (50%) were new grantees. Foundation maintains loyal partnerships while remaining open to qualified new applicants with strong proposals.
Geographic Focus
64% of grants are awarded in Connecticut, with additional funding distributed across 2 other locations. The foundation balances regional focus with broader geographic diversity. Within Connecticut, funding concentrates in Mystic (57%), New London (43%).
Funding Trajectory
Strong 1500% growth in annual giving over 7 years indicates expanding philanthropic capacity and increasing opportunities for grant seekers. This upward trajectory suggests growing foundation resources and commitment.
Program Areas
Highly focused on general purposes with 100% of funding dedicated to this sector. This specialization indicates deep expertise and committed investment in the field.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Practice Foundation Inc's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| Mystic Seaport | $12,500 | Mystic, CT, US | Unrestricted | 2023 |
| Eastern Connecticut Community Gardens Association | $3,500 | New London, CT, US | Unrestricted | 2023 |
| Mystic Seaport | $12,500 | Mystic, CT, US | Unrestricted | 2023 |
| Eastern Connecticut Community Gardens Association | $3,500 | New London, CT, US | Unrestricted | 2023 |
| Mystic Seaport | $12,500 | Mystic, CT, US | Unrestricted | 2022 |
| Mystic Seaport | $12,500 | Mystic, CT, US | Unrestricted | 2022 |
| Humane Economy Inc | $5,000 | Bethesda, MD, US | Unrestricted | 2021 |
| Humane Economy Inc | $7,500 | Bethesda, MD, US | Unrestricted | 2020 |
| Williams School | $7,500 | New London, CT, US | Unrestricted | 2018 |
| The Nature Center | $500 | Southwest Harbor, ME, US | Unrestricted | 2016 |
| Friends Of Arcadia | $500 | Southwest Harbor, ME, US | Unrestricted | 2016 |
Foundations Similar to Practice Foundation Inc
Discover 5 foundations with comparable assets ($247,861-$264,566), similar grant patterns, and geographic focus in CT that may also align with your organization's funding needs and grant seeking strategy.
| Foundation Name | Total Assets | Typical Grant Size | Service Area | Similarity Match |
|---|---|---|---|---|
|
Gertrude Flicker Gould Foundation Inc
EIN: 45-2212452 | 21 grants awarded |
$250,795
(≈ Similar) |
$5,246
median grant |
Bridgeport, CT
Same state |
|
|
The Sultan And Ann Ahamed Family Foundation
EIN: 06-1517722 | 18 grants awarded |
$263,094
(≈ Similar) |
$8,950
median grant |
Mystic, CT
Same state |
|
|
Hagerty Denis M
EIN: 06-6035758 | 5 grants awarded |
$247,990
(≈ Similar) |
$10,332
median grant |
Waterbury, CT
Same state |
|
|
Spiralis Music Trust Uad 08-08-03
EIN: 11-6588142 | 8 grants awarded |
$264,566
(≈ Similar) |
$6,500
median grant |
Fairfield, CT
Same state |
|
|
Charles B Merwin Fund
EIN: 06-6034795 | 8 grants awarded |
$247,861
(≈ Similar) |
$10,006.5
median grant |
Middlefield, CT
Same state |
|
Related Foundation Resources in CT:
Contact Information
Official contact details for Practice Foundation Inc as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 23-7000737 |
| Website | N/A |
| Address | 16 MONEY POINT RD Mystic, CT 06355-3272 |
Key People (1)
Board members, trustees, and key staff who oversee Practice Foundation Inc's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| President | Allan R Schuman |
|---|
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Practice Foundation Inc is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
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