Priester Foundation

Analysis

Priester Foundation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Priester Foundation reported income of $500k and spending of $286k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $563k to $500k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 161%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Priester Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Fred Says ($500k), Community Development Collaborative of Greater Columbus ($500k) and Pillsbury Winthrop Shaw Pittman Foundation ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $6.9m against liabilities of $0, net assets of $6.9m.