Impactassets Inc
- Assets
- $2.2b
- Revenue
- $718.0m
- Investments
- $730.4m
- Employees
- 38
- Location
- Bethesda, MD
- Founding
- 04/2009
- Data as of
- 12/2021
- 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 12/2021, Impactassets Inc employed 38 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 12/2021, Impactassets Inc generated $718.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $218.6m during the year ending 12/2021. While expenses have increased by 32.3% per year over the past 7 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 8,145 individual grants totaling $701,014,288. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPACTASSETS,INC. ENCOURAGES THE INVESTMENT OF CHARITABLE ASSETS IN, AND GRANT MAKING TO, PROJECTS AND ENTERPRISES THAT IMPACT SOCIETY IN A POSITIVE MANNER THROUGH ACTIVITIES INCLUDING, BUT NOT LIMITED TO, MAINTAINING EDUCATIONAL, INVESTOR, DONOR, AND ADMINISTRATIVE PROGRAMS THAT ENABLE A BROAD BASE OF SOCIETY TO PARTICIPATE IN SUCH ACTIVITIES.
Describe the Organization's Program Activity:
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 | 40 | $439,020 |
Timothy Freundlich Founder; Ed Strategic Partner | 40 | $288,221 | |
Amy Bennett Chief Marketing Officer | 40 | $218,486 | |
Gabe Diclerico Chief Financial Officer | Officer | 40 | $211,688 |
Deborah Parsons Managing Director, Business Development | Officer | 40 | $206,781 |
Sandra Kartt Managing Director, Investments | 40 | $189,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ureeka Inc Philanthropic Advisory | 12/30/21 | $475,000 |
Multiplier Project Management | 12/30/21 | $458,208 |
Catalyst At Large Project Management | 12/30/21 | $369,247 |
Robert Half International Inc Consulting | 12/30/21 | $336,791 |
Stellar Technology Solutions Llc Technology And Systems | 12/30/21 | $331,193 |
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 | $649,033,144 |
| Noncash contributions included in lines 1a–1f | $318,637,063 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,033,144 |
| Total Program Service Revenue | $471,349 |
| Investment income | $29,532,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $38,951,513 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $717,988,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $197,457,794 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,012,449 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $937,606 |
| Compensation of current officers, directors, key employees. | $512,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,136,016 |
| Pension plan accruals and contributions | $235,687 |
| Other employee benefits | $174,588 |
| Payroll taxes | $277,879 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $398,086 |
| Fees for services: Accounting | $136,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,518,422 |
| Fees for services: Other | $4,827,159 |
| Advertising and promotion | $0 |
| Office expenses | $451,105 |
| Information technology | $671,331 |
| Royalties | $0 |
| Occupancy | $220,533 |
| Travel | $12,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,866 |
| Interest | -$192,747 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,100 |
| Insurance | $18,799 |
| All other expenses | $1,429,153 |
| Total functional expenses | $218,647,123 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,439,163 |
| Savings and temporary cash investments | $235,698,746 |
| Pledges and grants receivable | $57,000 |
| Accounts receivable, net | $4,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $119,374,985 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $291,273 |
| Net Land, buildings, and equipment | $70,119 |
| Investments—publicly traded securities | $952,394,965 |
| Investments—other securities | $730,420,306 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,609,397 |
| Total assets | $2,184,359,966 |
| Accounts payable and accrued expenses | $26,076,685 |
| Grants payable | $1,324,978 |
| Deferred revenue | $0 |
| 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 | $1,638,891 |
| Other liabilities | $105,105 |
| Total liabilities | $29,145,659 |
| Net assets without donor restrictions | $2,152,649,099 |
| Net assets with donor restrictions | $2,565,208 |
| 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 | $2,184,359,966 |
Grants Awarded
Over the last fiscal year, Impactassets Inc has awarded $191,688,727 in support to 2,095 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $5,288,150 |
Alexandria, VA PURPOSE: GENERAL SUPPORT | $5,005,000 |
Boston, MA PURPOSE: GENERAL SUPPORT | $4,523,089 |
Cazadero, CA PURPOSE: GENERAL SUPPORT | $4,341,000 |
Jenkintown, PA PURPOSE: GENERAL SUPPORT | $3,096,667 |
Seattle, WA PURPOSE: CAPITAL CAMPAIGN CONTRIBUTION | $2,750,000 |
Grants Recieved
Over the last fiscal year, we have identified 72 grants that Impactassets Inc has recieved totaling $134,644,591.
| Awarding Organization | Amount |
|---|---|
Kataly Foundation San Francisco, CA PURPOSE: CHARITABLE ACTIVITIES | $37,000,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $31,926,754 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $22,721,900 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $22,678,336 |
Greater Houston Community Foundation Houston, TX PURPOSE: PUBLIC BENEFIT | $3,181,052 |
Rudolf Steiner Foundation Inc San Francisco, CA PURPOSE: FOR SARAH CHRISTIANO APPLICATION TO OPEN THE NAGLIANO CHARITABLE FUND | $2,636,860 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impactassets Inc Bethesda, MD | $2,184,359,966 | $717,988,041 |
United Way Worldwide Alexandria, VA | $83,810,591 | $113,428,823 |
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |