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PORTFOLIOS WITH PURPOSE INC
NEW YORK, NY · EIN 300721627 · Form 990 · FY2024 · NTEE T12 · Philanthropy & Grantmaking · Micro (<$100K) · portfolioswithpurpose.org
revenue
$14K
expenses
$33K
net assets
$-19K
employees
0
program ratio
61%
mission · from form 990

PORTFOLIOS WITH PURPOSE WAS ESTABLISHED TO PROMOTE GIVING BY MEMBERS OF THE INVESTMENT COMMUNITY. ITS PURPOSES ARE TO ENCOURAGE INDIVIDUALS TO CONTRIBUTE TO CHARITY WHO OTHERWISE MIGHT NOT DO SO, TO PROVIDE OPPORTUNITIES FOR PEOPLE TO LEARN ABOUT CHARITIES SUPPORTED BY THEIR PEERS, ACQUANTAINCES, AND ROLE MODELS, AND TO OFFER AND PROVIDE ACCESS TO MENTORING IN THE WAYS OF PHILANTHROPY.

profile · synthesized from sources

Portfolios With Purpose promotes investment literacy and charitable giving by engaging students and finance professionals in fantasy stock portfolio competitions. Participants manage simulated $1 million portfolios, with entry fees and trading donations funding grants to charities of their choice. The organization also offers educational programming through its PwP Academy, taught by professional investors, aimed at increasing financial literacy among underserved youth.

irs program accomplishments · form 990 part iii · fy2023

What they reported doing

  1. #1 primary $0
    PAYMENTS FOR THE 2019 AND 2020 STOCK SELECTION "CAMPUS CHALLENGE" IN WHICH PARTICIPATING COLLEGE STUDENTS COMPETE ON BEHALF OF THEIR CHARITY. APPROXIMATELY 500 PARTICIPANTS WILL COMPETE IN THE 2020 COMPETITION. 100% OF REVENUE RAISED IS GIVEN TO THE WINNERS' CHARITIES OF CHOICE AFTER CLOSE OF THE COMPETITION YEAR.
named programs · 2 · from sources

What they call their work

Campus Challenge
Annual fantasy stock portfolio competition for college students in which participants manage a $1 million simulated portfolio; 100% of revenue raised from entry and trading fees is donated to the winners' chosen charities.
PwP Academy
Educational program offering financial literacy curriculum taught by professional investors from the PwP Master Class, aimed at increasing investment knowledge among students, particularly from underserved communities.
activities · 6 groups

What they do

  • Financial Literacy Education Programs 4 activities
    • Delivering online investment education programs
      Offers a practical online investment education program taught by experienced investors, including self-paced learning on investing fundamentals, portfolio management, stock valuation, risk management, and real-world financial markets.
    • Operating the PwP Academy
      Delivers the PwP Academy, an educational program taught by professional investors to equip students with practical investment tools and skills.
    • Operating the Student Challenge program
      Runs an educational investment simulation program for high school and college students across the U.S. that enables participants to practice investment strategies and develop valuation skills applicable to finance careers, using a realistic online brokerage interface and support materials for educators.
    • Running the Fellowship program for college students
      Offers a two-week instructor-led Fellowship course that teaches college students about investing, company evaluation, portfolio construction, and trading methods not covered in standard coursework, culminating in a certificate of completion and eligibility for a $1,000 educational stipend.
  • Fundraising for Community and Charitable Initiatives 2 activities
    • Administering the Campus Challenge stock selection competition
      Operates the "Campus Challenge" competition in which college students raise funds for charities of their choice, distributing 100% of revenue to charities selected by winning participants.
    • Offering investing competitions with charitable fundraising
      Operates market challenges with entry fees and tiered trading fees from non-student participants, generating charitable donations where 100% of proceeds are distributed to charities based on contest rankings.
  • Volunteer Engagement and Capacity Support 1 activity
    • Creating volunteer opportunities for charitable engagement
      Develops volunteer opportunities for members to support charitable partners.
  • Workplace DEI Research and Training 1 activity
    • Engaging corporate and industry partners to promote inclusion
      Partners with corporate donors, financial institutions, and industry leaders to advance diversity, inclusion, and accessibility in the investment community.
  • Professional Association Capacity Building 1 activity
    • Facilitating investor engagement and community learning
      Supports engagement between learners and a community of investors, alumni, and industry professionals through on-demand learning, digital workshops, community events, and lectures led by prominent investors and industry professionals.
  • Uncategorized 1 activity
    • Expanding access to financial education for underrepresented communities
      Provides free access to educational software, events, career development resources, and instructional programming for students from historically underrepresented communities, including Black, LatinX, and/or female students, through partnerships with diversity-focused nonprofits and schools.
financials · form 990 · fy2024
revenue
Total revenue$14K
Contributions & grants$14K100%
Program service revenue$00%
Investment income$10%
Other revenue$0
expenses
Total expenses$33K
Program expenses61%
Admin / overhead39%
Fundraising0%
Salaries & benefits$0
Grants paid out$20K
Largest expense lineFacilities
balance sheet
Total assets$12K
Cash$5K
Investments$0
Liabilities$31K
Net assets$-19K
Liquid reserves1.6 mo
3 years on record · 2020–2024 · YoY revenue -32.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • ANDREW WELLINGTON — DIRECTOR
  • BRETT WAIKART — EXECUTIVE DIRECTOR
  • NICHOLAS PANETTA — DIRECTOR
  • RYAN BAILEY — DIRECTOR
  • SCOTT ROSEN — DIRECTOR
  • TIM SELBY — DIRECTOR
relationships · 49

Who they work with

  • 100 Women in Finance Partner — Employer of Chaitali Patel, a member of the Digital Faculty who teaches in the PwP Academy.
  • A Leg To Stand On Partner — Charity partner featured in PwP's charity spotlight program
  • America Needs You Partner — Charity partner featured in PwP's charity spotlight program
  • Anjuli Patel Partner — Diversity & Inclusion lead at Portfolios With Purpose Inc
  • Ariel Investments Partner — Employer of Rupal Bhansali, a member of the Digital Faculty who teaches in the PwP Academy.
  • Baruch College Partner — Institution affiliated with students in the PwP Fellowship program
  • Black Girls CODE Partner — Charity partner featured in PwP's charity spotlight program
  • Brett Waikart Partner — Executive Director of Portfolios With Purpose Inc
  • CUNY Partner — Institution where students participate in the PwP Fellowship program
  • Carbonado Partners LLC Partner — Employer of Ryan Bailey, a member of the Digital Faculty who teaches in the PwP Academy.
  • Chinese for Affirmative Action Partner — Charity partner featured in PwP's charity spotlight program
  • Christina Castro Partner — Chief Operating Officer of Portfolios With Purpose Inc
  • Color Of Change Partner — Charity partner featured in PwP's charity spotlight program
  • Courtney Handy Partner — Director of Communications at Portfolios With Purpose Inc
  • D.R.E.A.M Partner — Charity partner featured in PwP's charity spotlight program
  • DC-CAP Partner — Charity partner featured in PwP's charity spotlight program
  • Darrell Sung Partner — Campus Ambassador at Portfolios With Purpose Inc
  • Diego Anell Partner — VP of Community Engagement at Portfolios With Purpose Inc
  • Fordham Preparatory School Partner — Participating high school in the PwP Student Challenge.
  • Fordham University Partner — Institution associated with participants in the PwP Student Challenge
  • Fordham University Partner — Participating college in the PwP Student Challenge.
  • Franklin Templeton Partner — Employer of Katrina Dudley, a member of the Digital Faculty who teaches in the PwP Academy.
  • Gabrielle Guttman Partner — Business Development lead at Portfolios With Purpose Inc
  • Greenwood Project Partner — Charity partner featured in PwP's charity spotlight program
  • Gregory Hunter Partner — Academy Development lead at Portfolios With Purpose Inc
  • Invest In Girls Partner — Charity partner featured in PwP's charity spotlight program
  • JP Morgan Chase Government — Holds all entry fees in an escrow account during the contest
  • Kalyan Katuri Partner — Academy Development lead at Portfolios With Purpose Inc
  • Kent High School Partner — Participating school in the PwP Student Challenge program
  • Kent School Partner — Participating high school in the PwP Student Challenge.
+ 19 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Engagement-Linked Fundraising
    methodology: engagement_linked_fundraising
    By linking participant engagement in investment simulations to charitable giving, we increase donations because tying activity to impact creates a self-reinforcing cycle of motivation and social contribution.
  • Equity-Driven Pipeline Development
    methodology: pipeline_development_for_underrepresented_groups
    By providing free, accessible financial education and career development opportunities to underrepresented communities, we increase diversity in finance because targeted support lowers systemic barriers and creates viable pathways into the industry.
  • Experiential Investment Education
    methodology: experiential_investment_education
    By using realistic online brokerage simulations and fantasy investing competitions, we improve investment literacy and engagement because hands-on, experiential learning makes complex financial concepts accessible and builds confidence through practice without financial risk.
  • Expert-Led Financial Mentorship
    methodology: expert_led_mentorship
    By delivering financial education through volunteer instruction and mentorship by accomplished finance professionals, we improve learning outcomes and credibility because real-world expertise and peer influence increase engagement and trust in the material.