Logo for "THE POSSE FOUNDATION INC"

THE POSSE FOUNDATION INC

THE POSSE FOUNDATION INC

New York, NY, US
501(c)3
EIN
13-3840394
Logo for "THE POSSE FOUNDATION INC"

THE POSSE FOUNDATION INC

New York, NY, US
501(c)3
EIN
13-3840394

Overview

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Est.

1989

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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The Posse Foundation Inc, established in 1989, is a nonprofit organization dedicated to providing scholarships and financial aid to high school students with exceptional academic and leadership potential who are often overlooked by traditional college selection processes. By forming supportive, multicultural teams known as "posses," the foundation enables these students to pursue higher education through four-year, full-tuition leadership scholarships awarded by partner universities. With an operating budget of $29.1 million and total revenue of $32.6 million for the 2024 filing year, the organization does not rely on a single funder for more than 50% of its revenue. More information can be found on their website at www.possefoundation.org.

Mission Statement

POSSE STARTED BECAUSE OF ONE STUDENT WHO SAID, "I NEVER WOULD HAVE DROPPED OUT OF COLLEGE IF I HAD MY POSSE WITH ME." THE POSSE FOUNDATION, FOUNDED IN 1989, IDENTIFIES PUBLIC HIGH SCHOOL STUDENTS WITH EXTRAORDINARY ACADEMIC AND LEADERSHIP POTENTIAL WHO MAY BE OVERLOOKED BY TRADITIONAL COLLEGE SELECTION PROCESSES. THE FOUNDATION EXTENDS TO THESE STUDENTS THE OPPORTUNITY TO PURSUE PERSONAL AND ACADEMIC EXCELLENCE BY PLACING THEM IN SUPPORTIVE, MULTICULTURAL TEAMS ("POSSES") OF 10 STUDENTS. THE FOUNDATION'S PARTNER UNIVERSITIES AWARD POSSE SCHOLARS FOUR-YEAR, FULL-TUITION LEADERSHIP SCHOLARSHIPS.
Revenues

$32.6M

Expenses

$32M

Net Income:
+$621.1K
Assets

$189.2M

Liabilities

$32.9M

Net Assets:
+$156.4M
Operating Budget

$29.1M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

142

Median grant size
$23.9K
Largest grant received
$2.7M
D
Deborah Bial
Board Member
G
Glenn Greenberg
Board Member
W
William M Lewis Jr
Board Member

Frequently Asked Questions

What is THE POSSE FOUNDATION INC’s budget?
In 2024, THE POSSE FOUNDATION INC reported an annual operating budget of around $29.1 million. More detailed financial information is available to registered users.
What causes does THE POSSE FOUNDATION INC support?
THE POSSE FOUNDATION INC supports work in Youth organizing and Scholarships & Financial Aid.
Where does THE POSSE FOUNDATION INC operate?
THE POSSE FOUNDATION INC is headquartered in New York, NY.
Who funded THE POSSE FOUNDATION INC recently?
In 2025, THE POSSE FOUNDATION INC received grants from T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC, AMERICAN ONLINE GIVING FOUNDATION INC, and The Brown Foundation Inc. More information on this organization’s funders is available to registered users.
What is the largest grant THE POSSE FOUNDATION INC received in 2024?
The largest grant to THE POSSE FOUNDATION INC in 2024 exceeds $2.7 million.
What is THE POSSE FOUNDATION INC’s reliance on government grants?
THE POSSE FOUNDATION INC relied on government grants for less than 5% of their total revenue in 2024.
Overview
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