The Childrens Investment Fund Foundation
- Assets
- $147.5m
- Revenue
- $4.1m
- Investments
- $142.8m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 04-3632641
Organization Overview
The Childrens Investment Fund Foundation is located in West Hartford, CT. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Investment Fund Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Childrens Investment Fund Foundation generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Childrens Investment Fund Foundation has awarded 162 individual grants totaling $183,404,050. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Cooper President And Chair | 20 | $0 | |
Mark Dybul Trustee | 1 | $0 | |
Suprotik Basu Trustee | 1 | $0 | |
Malik Dechambenoit Trustee | 1 | $0 | |
Bill Haney Trustee | 1 | $0 | |
Nikos Makris Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 12/30/22 | $396,630 |
Truvvo Partners | 12/30/22 | $133,849 |
Anchin Block & Anchn Llp | 12/30/22 | $119,951 |
Northern Trust Company | 12/30/22 | $79,978 |
Atalanta International Limited | 12/30/22 | $123,529 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $734,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,121,738 |
| Capital Gain Net Income | $4,121,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$788,368 |
| Total Revenue | $4,068,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,152 |
| Other employee salaries and wages | $84,881 |
| Pension plans, employee benefits | $16,150 |
| Interest | $0 |
| Taxes | $109,683 |
| Depreciation | $1,898 |
| Occupancy | $11,888 |
| Travel, conferences, and meetings | $77,838 |
| Printing and publications | $0 |
| Other expenses | $612,279 |
| Total operating and administrative expenses | $3,412,623 |
| Contributions, gifts, grants paid | $4,873,846 |
| Total expenses and disbursements | $8,286,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,605 |
| Savings and temporary cash investments | $3,686,768 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $135,715,128 |
| Net Land, buildings, and equipment | $2,923 |
| Other assets | $299 |
| Total assets | $147,469,388 |
| Accounts payable and accrued expenses | $7,830 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,247,500 |
| Total liabilities | $1,255,330 |
Grants Awarded
Over the last fiscal year, The Childrens Investment Fund Foundation has awarded $145,313,418 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ADDIS ABABA CITY ADMINISTRATION PURPOSE: FUTURE HOPE OF ADDIS ABABA EARLY CHILDHOOD DEVELOPMENT (ECD) | $403,896 |
AMNRS HEAD OF GOVERNMENT OFFICE PURPOSE: OPERATIONAL COST FOR YOUTH EMPLOYMENT WORK | $75,000 |
BROOKINGS INSTITUTION PURPOSE: TO SUPPORT THE CENTER FOR UNIVERSAL EDUCATION | $5,000 |
BIG WIN PHILANTHROPY INC PURPOSE: A GRANT AGREEMENT WAS SIGNED BY THE FILING ORGANIZATION (GRANTOR) AND BIG WIN PHILANTHROPY, INC. (GRANTEE; EIN: 82-0843080) TO TRANSFER ALL REMAINING ASSETS TO THE SUCCESSOR ORGANIZATION EFFECTIVE SEPTEMBER 30, 2022. GRANTEE'S GOVERNING BOARD IS IDENTICAL TO THE TRUSTEES OF GRANTOR, SO THAT GRANTEE IS "EFFECTIVELY CONTROLLED" BY THE SAME PERSONS WHO CONTROL GRANTOR WITHIN THE MEANING OF TREASURY REGULATIONS SECTION 1.507-3. | $139,056,700 |
CARTER CENTER PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
DIGITAL SKILLS FOUNDATION PURPOSE: STRENGTHENING ONGOING EFFORTS ON HUMAN CAPITAL DEVELOPMENT THROUGH DIGITAL LITERACY IN RWANDA | $400,000 |