OVERVIEW: The New Prospect Foundation supports LGBTQ organizations across the United States.
IP TAKE: This funder typically awards grants for general operating support rather than funding specific projects. Keeping a low public profile, this funder works under the radar.
PROFILE: Established in 1969 in Illinois, the New Prospect Foundation maintains a low public profile and does not operate a website or employ a formal staff. The foundation supports nonprofit organizations working in housing, employment, welfare, the economic sustainability of urban and inner city neighborhoods, human rights, civil rights, and public school reform in Chicago, Illinois.
While New Prospect does not name LGBT causes as one of its funding priorities, its tax filing indicates support for LGBT organizations across the country.
Grant amounts range widely from $250 to $600,000; however, most grants tend to fall into the $1,000 to $10,000. Past LGBT grantees include the Astraea Lesbian Foundation for Justice and the Transgender Law Center.
The New Prospect Foundation gives funding priority to nonprofit organizations with modest budgets and those that do not qualify for funding through other traditional sources. The foundation accepts unsolicited grant applications to the address provided below.
- Frances Lehman, President
- Elliot Lehman, Vice President
New Prospect Foundation
c/o Frances Lehman
1603 Orrington Avenue 1275
Evanston, Illinois 60201