Impactassets Inc
- Assets
- $2.9b
- Revenue
- $866.5m
- Investments
- $1.1b
- Employees
- 40
- Location
- Bethesda, MD
- Founding
- 04/2009
- Data as of
- 12/2023
- EIN
- 26-2048480
Organization Overview
Impactassets Inc is located in Bethesda, MD. The organization was established in 2009. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Impactassets Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impactassets Inc 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 12/2023, Impactassets Inc generated $866.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $288.8m during the year ending 12/2023. While expenses have increased by 28.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Impactassets Inc has awarded 13,264 individual grants totaling $1,161,592,818. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THIS CORPORATION IS TO CATALYZE AND ADVANCE A VARIETY OF IMPACT AREAS, SUCH AS SUSTAINABILITY, CLIMATE SOLUTIONS AND SOCIAL EQUITY, THROUGH IMPACT INVESTING, PHILANTHROPY, AND PROGRAMMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPACTASSETS INC.'S DONOR ADVISED FUND IS A UNIQUE PHILANTHROPIC PLATFORM THAT OFFERS A DONOR ADVISED PROGRAM AND FISCAL SPONSORSHIP SERVICES FOR INDIVIDUAL AND INSTITUTIONAL DONORS. IMPACTASSETS UTILIZES GRANTMAKING AND IMPACT INVESTING TO MAXIMIZE THE FLOW OF CAPITAL TO ORGANIZATION'S THAT STRIVE TO CREATE A POSITIVE SOCIAL AND ENVIRONMENTAL IMPACT ON SOCIETY. IMPACTASSETS MODEL ENABLES DONORS TO MAXIMIZE THE IMPACT OF THEIR PHILANTHROPIC CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margret Trilli CEO & Cio | Officer | 20 | $359,718 |
Timothy Freundlich Founder, Ed, Strategic Partner | 40 | $350,511 | |
Alice Lowenstein Chief Operating Officer | 40 | $314,133 | |
Ivy Duke General Counsel | 40 | $249,917 | |
Deborah Parsons Managing Director, Business Development | 40 | $245,716 | |
Surin Ramkissoon Treasurer & Managing Director, Finance | Officer | 40 | $220,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Align Impact Philanthropic Advisory Services | 12/30/23 | $465,762 |
Globalgiving Foundation Charitable Organization Due Diligence/ve | 12/30/23 | $441,921 |
Io904 Llc Philanthropic Advisory Services | 12/30/23 | $276,040 |
Techstars Central Llc Philanthropic Advisory Services | 12/30/23 | $403,333 |
Mayal Llc Accounting Services | 12/30/23 | $236,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $811,889,329 |
| Noncash contributions included in lines 1a–1f | $140,844,521 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $811,889,329 |
| Total Program Service Revenue | $2,452,554 |
| Investment income | $54,591,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,393,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $866,540,160 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,960,134 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,276,949 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $659,919 |
| Compensation of current officers, directors, key employees. | $410,328 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,932,525 |
| Pension plan accruals and contributions | $657,861 |
| Other employee benefits | $352,669 |
| Payroll taxes | $611,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $934,409 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,942,368 |
| Fees for services: Other | $5,520,847 |
| Advertising and promotion | $0 |
| Office expenses | $292,801 |
| Information technology | $721,361 |
| Royalties | $0 |
| Occupancy | $112,439 |
| Travel | $226,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,225 |
| Interest | $165,015 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,773 |
| Insurance | $113,000 |
| All other expenses | $853 |
| Total functional expenses | $288,831,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,217,165 |
| Savings and temporary cash investments | $304,209,533 |
| Pledges and grants receivable | $732,750 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $196,464,707 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $401,898 |
| Net Land, buildings, and equipment | $34,118 |
| Investments—publicly traded securities | $1,183,123,036 |
| Investments—other securities | $1,086,450,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,426,369 |
| Total assets | $2,926,060,513 |
| Accounts payable and accrued expenses | $80,248,525 |
| Grants payable | $459,247 |
| Deferred revenue | $23,482 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $4,737,643 |
| Other liabilities | $0 |
| Total liabilities | $85,468,897 |
| Net assets without donor restrictions | $2,839,211,824 |
| Net assets with donor restrictions | $1,379,792 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,926,060,513 |
Grants Awarded
Over the last fiscal year, Impactassets Inc has awarded $249,245,550 in support to 2,654 organizations.
| Grant Recipient | Amount |
|---|---|
GLOBALGIVING PURPOSE: GENERAL SUPPORT | $11,987,424 |
EAST BAY MEDITATION CENTER PURPOSE: ASSISTANCE TO BUY A BUILDING IN OAKLAND. | $5,456,000 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: GENERAL SUPPORT | $3,000,000 |
SCHWAB CHARITABLE FUND PURPOSE: GENERAL SUPPORT | $2,847,280 |
ROCKEFELLER PHILANTHROPY ADVISORS INC PURPOSE: LEARNING AND EMPLOYMENT RECORDS FUND | $2,780,810 |
IGIFTFUND PURPOSE: GENERAL SUPPORT | $2,738,491 |