OVERVIEW: The New Prospect Foundation broadly supports larger global health organizations working around the world.
IP TAKE: This funder typically makes grants for general operating support rather than funding specific projects.
PROFILE: Established in 1969 in Illinois, the New Prospect Foundation supports nonprofit organizations working in the fields of housing, employment, welfare, the economic sustainability of urban and inner-city neighborhoods, human rights, civil rights, and public school reform in Chicago, Illinois. New Prospect maintains a low public profile and does not operate a website or employ a formal staff.
Grant amounts range from $250 to $600,000; however, most grants tend to fall into the $1,000 to $10,000 range. While New Prospect does not have a grantmaking program dedicated to global health causes, its tax filings indicate an interest in this funding field. Past global health grantees include Doctors Without Borders, Partners in Health, and the Against Malaria Foundation.
The New Prospect Foundation prioritizes 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.
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New Prospect Foundation
c/o Frances Lehman
1603 Orrington Avenue 1275
Evanston, Illinois 60201