named programs · 3 · from sources
What they call their work
Economic Mobility and Career Pathways
Initiative funding workforce development and job training programs to create career opportunities for underserved populations
Financial Health
Program supporting organizations that promote financial inclusion, literacy, and access to capital for underserved individuals and communities
Neighborhood Revitalization
Grant program supporting community development organizations in revitalizing low- to moderate-income neighborhoods through housing, economic development, and infrastructure improvements
activities · 2 groups
What they do
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Flexible Grants to Grassroots Organizations 3 activities
- Funding economic mobility and career pathwaysFunds organizations that create pathways to economic mobility and career advancement, particularly for underserved populations.
- Funding expansion of underserved small businessesFunds organizations that support the growth and development of small businesses in underserved communities.
- Funding neighborhood revitalization initiativesFunds organizations engaged in neighborhood revitalization initiatives to strengthen communities.
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Charitable Grantmaking to Specific Causes 1 activity
- Funding improvements in financial healthFunds organizations working to improve financial health, including access to financial services and economic stability programs.
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financials · form 990PF · fy2024
revenue
Total revenue$995.51M
Contributions & grants$1.00B100%
Program service revenue——
Investment income$25.78M3%
Other revenue$-30.63M
expenses
Total expenses$14.36M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$0
Grants paid out$202.50M
balance sheet
Total assets$1.22B
Cash—
Investments—
Liabilities—
Net assets$1.09B
5 years on record · 2020–2024 · YoY revenue +539.1%
leadership · form 990 part vii · fy2024
Who runs it
board members · 5
- CAROL LAKE — DIRECTOR AND PRESIDENT
- HEATHER HIGGINBOTTOM — DIRECTOR
- JEREMY BARNUM — DIRECTOR
- JOSEPH TOBIAS — DIRECTOR AND TREASURER
- TIMOTHY BERRY — DIRECTOR AND CHAIRMAN
relationships · 12
Who they work with
- AMALGAMATED CHARITABLE FOUNDATION INC Partner — Recipient of a $2,210,000 grant in 2024 for neighborhood revitalization.
- ATLANTA NEIGHBORHOOD DEVELOPMENT PARTNERSHIP INC Partner — Recipient of a $1,750,000 grant in 2024 for neighborhood revitalization.
- COALITION FOR NONPROFIT HOUSING AND ECONOMIC DEVELOPMENT Partner — Recipient of a $1,750,000 grant in 2024 for neighborhood revitalization.
- COMMUNITY DEVELOPMENT FINANCE ASSOCIATION Partner — Recipient of a $2,592,589 grant in 2024 for underserved small business expansion.
- FAIR4ALL FINANCE LIMITED Partner — Recipient of a $1,912,221 grant in 2024 for financial health.
- GENERATION YOU EMPLOYED INC Partner — Recipient of an $1,836,264 grant in 2024 for creating economic mobility and career pathways.
- GIVE2ASIA Partner — Recipient of a $1,835,090 grant in 2024 for creating economic mobility and career pathways.
- LOCAL INITIATIVES SUPPORT CORPORATION Partner — Recipient of a $2,075,250 grant in 2024 for neighborhood revitalization.
- SEATTLE FOUNDATION Partner — Recipient of a $1,800,000 grant in 2024 for neighborhood revitalization.
- THE ASPEN INSTITUTE INC Partner — Recipient of a $4,635,000 grant in 2024 for neighborhood revitalization.
- THE CHICAGO COMMUNITY FOUNDATION Partner — Recipient of a $4,225,000 grant in 2024 for neighborhood revitalization.
- THE URBAN INSTITUTE Partner — Recipient of a $1,982,000 grant in 2024 for neighborhood revitalization.
strategies · 2
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.
- Neighborhood Revitalization for Community Resiliencemethodology: neighborhood_revitalizationBy funding neighborhood revitalization efforts, we produce stronger and more resilient communities because targeted investment addresses systemic inequities in historically underinvested areas.
- Workforce Development as a Pathway to Economic Mobilitymethodology: economic_mobility_through_workforce_developmentBy expanding access to career pathways and workforce development programs, we increase long-term economic mobility for underserved populations because skills training and employment support enable individuals to secure sustainable livelihoods.