Program areas at Promys Foundation
The Promys Foundation was delighted to fund $486,226 in mission-related activities in 2023 including supporting need-based financial aid for 20 students at Promys 2023. Twelve full scholarships were awarded including the breakout fellowship, jane street fellowships, and two separately funded mehta fellowships for students from brazil and egypt. 50% of all financial aid recipients in 2023 had family incomes under $50,000 a year. Eighty high school students, 21 undergraduate counselors, and 3 junior counselors participated in Promys 2023 on the campus of boston university.promys india - Promys was excited to launch Promys india in 2023 with all students receiving full scholarships covering all costs of participation including tuition, room & board, and travel. The new program ran for six weeks in partnership with, and on the campus of, the indian institute of science (iisc) bangalore. A very large number of strong applications were received from across india. Thirty-one very talented high school students and eight counselors participated. Promys india is free for all students thanks to generous support from our partners and donors. The founding sponsors of Promys india are nick nash & phalgun raju, avi and sandra nash, and the indira Foundation. We are also very grateful for the generosity of the packard Foundation, jane street, squarepoint Foundation, and the spirit of ramanujan. Jane street - the Promys Foundation is very grateful to jane street for its generous support for Promys 2023 including two jane street fellowships for students, two jane street fellowships for counselors, and support for Promys pathways (formerly known as Promys math circle) designed for highly motivated students of mathematics in the boston area who are from low-income backgrounds or from other groups underrepresented in stem. Jane street also gave generous support to Promys india and Promys europe.promys india summer program - Promys Foundation is excited and grateful to have been awarded a $225,000 grant for general support from the david and lucile packard Foundation for Promys india 2023-2025. The inaugural summer of Promys india ran from may 7 to june 17, 2023 at the indian institute of science (iisc) bangalore. Thanks to the generosity of our partners and sponsors, Promys india 2023 was free for all students. Promys pathway - Promys pathways provides deep mathematical experiences to students who are from backgrounds traditionally underrepresented in stem and to those who might not otherwise have access to extracurricular mathematics opportunities. These opportunities include the pathways summer program, weekly math circles, and special collaborative events. Promys pathways was previously known as Promys math circle or pmc. 2023 was the 2nd summer of the Promys pathways summer program on the campus of boston university. The 4-week program was free to participants, including public transportation costs and lunches. The thirteen participants were recruited from pathways math circles or were local financial aid applicants to Promys. But weren't quite ready to attend the flagship program.
Grants made by Promys Foundation
Who funds Promys Foundation
Grants from foundations and other nonprofits
Personnel at Promys Foundation
Name | Title | Compensation | Date of data |
---|
Glenn Stevens | Board Member | $0 | 2024-02-01 |
Henry Cohn | Board | $0 | 2024-02-01 |
Joshua Greene | Board Member | $0 | 2024-02-01 |
Wan-Yin Wu | President | $0 | 2024-02-01 |
Demi Dubois | Treas. / Treas. / Treasurer / Treas. | $0 | 2022-12-31 |
...and 1 more key personnel |
Financials for Promys Foundation
Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
---|
Total grants, contributions, etc. | $950,135 | $862,506 | 10.2% |
Program services | $0 | $801 | -100% |
Investment income and dividends | $25,737 | $3,765 | 583.6% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $1,925 | $56 | 3337.5% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $977,797 | $867,128 | 12.8% |
Organizations like Promys Foundation
Organization | Type | Location | Revenue |
---|
Lawrence Schools Foundation | 501(c)(3) | Lawrence, KS | $960,237 |
Holy Cross High School Endowment Corporation | 501(c)(3) | Waterbury, CT | $333,812 |
Nevada State College Foundation | 501(c)(3) | Henderson, NV | $1,154,378 |
Kansas Wesleyan University Foundation | 501(c)(3) | Salina, KS | $2,042,777 |
Albany State University Foundation | 501(c)(3) | Albany, GA | $1,600,152 |
Sonoma State University Foundation | 501(c)(3) | Rohnert Park, CA | $3,641,665 |
Northside Education Foundation | 501(c)(3) | San Antonio, TX | $902,619 |
CFK Foundation | 501(c)(3) | Key West, FL | $1,846,783 |
Hampton Educational Foundation | 501(c)(3) | Hampton, VA | $258,545 |
Old Trail School Foundation | 501(c)(3) | Bath, OH | $679,415 |
Data update history
November 24, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from Carina Initiatives February 1, 2024
Updated personnel
Identified 3 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
August 20, 2023
Received grants
Identified 2 new grant, including a grant for $224,041 from Indira Foundation Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsNational levelEndowed supportTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- PO Box 15502
- Boston, MA 02215
- Metro area
- Boston-Cambridge-Newton, MA-NH
- County
- Suffolk County, MA
- Website URL
- promysfoundation.org/Â
- Phone
- (617) 353-2563
IRS details
- EIN
- 45-2917981
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2011
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B80: Student Services and Organizations of Students
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
California AB-488 details
- AB 488 status
- May Operate or Solicit for Charitable Purposes
- Charity Registration status
- Current
- FTB status revoked
- Not revoked
- AG Registration Number
- CT0180468
- FTB Entity ID
- None yet
- AB 488 data last updated ("as-of") date
- 2025-01-15
Free account sign-up
Want updates when Promys Foundation has new information, or want to find more organizations like Promys Foundation?
Create free Cause IQ account