CO-IMPACT PHILANTHROPIC FUNDS INC

EIN: 882408684 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$41,341,748
Total Expenses
$84,892,538
Total Assets
$272,921,569
Net Assets
$262,090,995
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
VICKY HAWK
Phone
9197928940
Tax Period
2024-01-01 to 2024-12-31

CO-IMPACT PHILANTHROPIC FUNDS INC, founded in 2022, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $41.3M in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $84.9M exceeded revenue, resulting in a 105% operating deficit.

Mission

FOUNDED IN 2017, CO-IMPACT IS A GLOBAL PHILANTHROPIC COLLABORATIVE FOCUSED ON IMPROVING THE LIVES OF MILLIONS OF PEOPLE THROUGH JUST AND INCLUSIVE SYSTEMS CHANGE. WE BRING TOGETHER PHILANTHROPISTS, FOUNDATIONS, AND PRIVATE SECTOR PARTNERS FROM AROUND THE WORLD TO POOL FUNDING THAT SUPPORTS EFFORTS TO DRIVE SYSTEMS CHANGE IN THE SECTORS OF HEALTH, EDUCATION AND ECONOMIC OPPORTUNITY, IN AFRICA, ASIA, AND LATIN AMERICA. TOGETHER WITH LOCALLY-ROOTED PROGRAM PARTNERS AND ADVISORS, WE FORM A GLOBAL COLLABORATIVE THAT ADVANCES INCLUSIVE SYSTEMS CHANGE, GENDER EQUALITY, AND WOMEN'S LEADERSHIP THROUGH GRANTMAKING AND INFLUENCING PHILANTHROPY. THROUGH A RANGE OF GRANTS, WE SUPPORT POWERFUL COALITIONS OF ACTORS, FROM GRASSROOTS ORGANIZATIONS TO GOVERNMENT, SO THAT A PROVEN APPROACH OR IDEA CAN BE ADOPTED AT SCALE. OUR ROLE IS TO SUPPORT THE STRATEGIC VISION OF OUR PARTNERS WITHIN THE CONTEXTS IN WHICH THEY LIVE AND OPERATE. THROUGH OUR MODEL FOR COLLABORATIVE PHILANTHROPY, WE BRING TOGETHER FUNDERS FROM AROUND THE WORLD TO POOL FUNDING SO THAT WE ARE ABLE TO PROVIDE THE LARGER, LONGER-TERM AND MORE FLEXIBLE SUPPORT NEEDED TO TRANSFORM SYSTEMS IN A LASTING WAY, WHILE WE PROMOTE A VALUES-ALIGNED APPROACH TO FUNDING THAT IS SUPPORTIVE, RATHER THAN DIRECTIVE.

Program Service Accomplishments

Program 1
Expenses: $37,702,138 Revenue: $0

OUR FOUNDATIONAL FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON SUPPORTING ORGANIZATIONS TO ACHIEVE PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES IN THE SECTORS...

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OUR FOUNDATIONAL FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON SUPPORTING ORGANIZATIONS TO ACHIEVE PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES IN THE SECTORS OF HEALTH, EDUCATION, AND ECONOMIC OPPORTUNITY. THROUGH THIS FUND, WE AWARD LONG-TERM, FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA THAT ARE WORKING WITH POWERFUL COALITIONS, OFTEN INCLUDING LOCAL AND NATIONAL GOVERNMENT ACTORS, TO EFFECT LARGE-SCALE CHANGE; WE AWARDED TWO GRANTS IN 2024 AND ARE SUPPORTING OVER 20 INITIATIVES OVERALL. IN ADDITION TO PROVIDING GRANT FUNDING, CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.

Program 2
Expenses: $40,169,131 Revenue: $75,000

OUR GENDER FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON TRANSFORMATIVE SYSTEMS CHANGE, ACHIEVING PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES, WITH AN...

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OUR GENDER FUND, WHICH POOLS FUNDING FROM A GLOBALLY DIVERSE GROUP OF FUNDING PARTNERS, IS FOCUSED ON TRANSFORMATIVE SYSTEMS CHANGE, ACHIEVING PEOPLE-LEVEL AND SYSTEMS-LEVEL OUTCOMES, WITH AN EMPHASIS ON ELEVATING WOMEN'S POWER, AGENCY, AND LEADERSHIP AT ALL LEVELS. THROUGH THIS FUND, WE AWARD FLEXIBLE GRANTS TO ORGANIZATIONS ACROSS AFRICA, ASIA, AND LATIN AMERICA; WE AWARDED 34 GRANTS IN 2024 AND ARE SUPPORTING OVER 100 INITIATIVES OVERALL. OUR GRANT RECIPIENTS ARE WORKING WITH POWERFUL COALITIONS TO EFFECT CHANGE IN SUCH AREAS AS EARLY CHILDHOOD DEVELOPMENT, SOCIAL-EMOTIONAL LEARNING, CARE ECONOMY, MATERNAL HEALTH, WOMEN'S HEALTH, LAND RIGHTS AND NATURAL RESOURCE MANAGEMENT, AND WOMEN'S LEADERSHIP. IN ADDITION TO PROVIDING GRANT FUNDING, (SEE SCHEDULE O)CO-IMPACT ALSO PROVIDES NON-GRANT SUPPORT TO THE ORGANIZATIONS WE ARE FUNDING, INCLUDING SUPPORTING ORGANIZATIONAL STRENGTHENING EFFORTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $32,383,584
Program Service Revenue $75,000
Investment Income $8,883,164
Other Revenue $0
TOTAL REVENUE $41,341,748

Expense Breakdown

Grants Paid $71,156,815
Salaries & Benefits $8,891,093
Fundraising Expenses $314,414
Program Expenses $77,871,269
Other Expenses $4,844,630
TOTAL EXPENSES $84,892,538

Year-over-Year Comparison

2024 2023 Change
Revenue $41,341,748 $360,064,037 -0.9%
Expenses $84,892,538 $73,834,767 +0.1%
Net Income $-43,550,790 $286,229,270 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
46
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,333,124
Total Directors
12
$638,762
Key Employees
2
$478,625
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OLIVIA LELAND - FOUNDER CEO & BOARD MEMBER (NON-VOTING) 40.00
Officer Director
$536,673 $52,589 $589,262
PATTY STONESIFER BOARD CHAIR 1.00
Officer Director
$0 $0 $0
INGRID SRINATH BOARD VICE-CHAIR 1.00
Director
$19,500 $0 $19,500
NICOLA FORREST AO BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA GARCIA BOARD MEMBER 1.00
Director
$15,000 $0 $15,000
MARYANA ISKANDER BOARD MEMBER 1.00
Director
$10,000 $0 $10,000
SAADIA MADSBJERG BOARD MEMBER (AS OF 05/2024) 1.00
Director
$0 $0 $0
TSITSI MASIYIWA BOARD MEMBER 1.00
Director
$0 $0 $0
ALESSANDRA OROFINO BOARD MEMBER (AS OF 11/2024) 1.00
Director
$0 $0 $0
RAJ PANJABI BOARD MEMBER (AS OF 05/2024) 1.00
Director
$0 $0 $0
HILARY PENNINGTON BOARD MEMBER (AS OF 05/2024) 1.00
Director
$5,000 $0 $5,000
ANITA ZAIDI BOARD MEMBER 1.00
Director
$0 $0 $0
VICKY HAWK CHIEF FINANCIAL OFFICER/TREASURER 40.00
Officer
$205,741 $48,318 $254,059
PAMELA FOSTER CHIEF OPERATING OFFICER/SECRETARY 40.00
Officer
$422,898 $66,905 $489,803
MARIA ALFONSINA PENALOZA DIR. PRGMS, LATIN AM & GLOBAL 40.00
Key Emp
$214,414 $26,344 $240,758
MARY WANDIA WANJIRU REGIONAL DIRECTOR, AFRICA 40.00
Key Emp
$210,233 $27,634 $237,867
ANNA-MARIE HARLING - MANAGING DIRECTOR, PHILANTHROPIC COLLAB. 40.00
Highest
$311,390 $40,170 $351,560
YASMIN MADAN - DIRECTOR US LEAD, PHILANTHROPIC COLLABORATION 40.00
Highest
$248,616 $42,764 $291,380
ABRAHAM GRINDLE DIRECTOR, PROGRAMS 40.00
Highest
$223,368 $39,764 $263,132
VARJA LIPOVSEK DIR., LEARNING, MEAS. & EVAL. 40.00
Highest
$245,414 $59,143 $304,557
SHAGUN SABARWAL REGIONAL DIRECTOR, ASIA 40.00
Highest
$216,955 $25,522 $242,477
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $41,341,748 $84,892,538 $272,921,569 $-43,550,790
2023 $360,064,037 $73,834,767 $318,248,255 $286,229,270
2022 $75,000,000 $45,957,649 $31,800,505 $29,042,351
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