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Prince Charitable Trusts

Profile

Last Updated: 2015-12-04

At A Glance

Prince Charitable Trusts

140 S. Dearborn St., Ste. 1410

Chicago, IL United States 60603-5208

Telephone: (312) 419-8700

URL: princetrusts.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $152,240,728

Total giving: $5,232,640

Additional Contact Information

Additional address: 816 Connecticut Ave. N.W., Washington, DC 2006, tel.: (202) 728-0646, fax: (202) 466-4726. Proposals should be addressed to: Charles C. Twichell, Mgr. Dir. (Chicago office)

Background

Established in 1947; Frederick Henry Prince Trust dated July 9, 1947 established in 1947 in IL. Frederick Henry Prince Testamentary Trust established in 1947 in RI. Abbie Norman Prince Trust established in 1949 in IL - The three trusts, while separate entities, are governed and administered by the same officers, trustees, and staff.

Purpose and Activities

Support for cultural programs, youth organizations, social services, hospitals, hospital morale, rehabilitation, and environment.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Hospital Morale Grant Program

Currently, the Hospital Morale Program supports morale building programs for medical staff working with HIV/AIDS patients through a grant to the Washington AIDS Partnership. Prince Charitable Trusts in Washington, DC accept Hospital Morale proposals once a year. The Board generally meets to consider Hospital Morale proposals in late November or early December. Further guidelines and forms available on foundation web site.

MacArthur Fund for Arts and Culture

The fund will provide general operating support to mid-sized Chicago arts organizations with proven records of excellence. Funds will be provided by the MacArthur Foundation to Prince Charitable Trusts to make award. The fund will be administered by the trusts. Audited financial statements will be used to verify budgets. The fund will primarily support organizations in the city of Chicago. The trusts are open to proposals from eligible organizations throughout the metropolitan area, but only a small number can be considered each year. No letter of intent is required and there is no special application form. Applications will only be accepted once a year between May 1 and June 1.

Matching Gifts

The foundation matches the monetary gifts of its employees to charitable organizations.

Program-Related Investment

The trusts have made a PRI in the form of a loan to a Chicago community development organization. Historically, the trusts have made PRIs in the form of loans to a mental health center and community loan fund.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Early childhood education
  • Environment
  • Family planning
  • Health
  • Hospital care
  • Human services
  • Natural resources
  • Rehabilitation
Population Groups
  • Children
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Homeless people
  • Low-income and poor people

Financial Data

Year ended 2013-12-31

Assets: $152,240,728 (market value)

Expenditures: $6,871,132

Total giving: $5,232,640

Qualifying distributions: $6,573,113

Giving activities include:

$5,232,640 for 342 grants (high: $165,000; low: $200)