Thrivent Charitable Impact & Investing
- Assets
- $809.7m
- Revenue
- $138.8m
- Investments
- $0.0
- Employees
- 20
- Location
- Appleton, WI
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 41-1802412
Organization Overview
Thrivent Charitable Impact & Investing is located in Appleton, WI. The organization was established in 1995. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Thrivent Charitable Impact & Investing employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrivent Charitable Impact & Investing 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, Thrivent Charitable Impact & Investing generated $138.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $65.4m during the year ending 12/2021. While expenses have increased by 17.5% 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, Thrivent Charitable Impact & Investing has awarded 7,411 individual grants totaling $180,535,797. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE DONORS WITH INTEGRITY AS TOGETHER WE CHANGE LIVES & SPREAD JOY BY SHARING OUR BLESSINGS WITH THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIVENT CHARITABLE'S MISSION IS DRIVEN BY A FAITH-FILLED TRADITION OF WORKING TOGETHER TO ADDRESS IMPORTANT AND DIVERSE SOCIETAL ISSUES WITH PASSION AND PURPOSE. IN 2021, $58.7 MILLION WAS DISTRIBUTED TO OVER 7,000 CHARITIES THROUGHOUT OUR LOCAL, NATIONAL AND GLOBAL COMMUNITIES. THROUGH DONOR ADVISED FUNDS, DONORS GRANT TO CHARITIES AT TIMES OF THEIR CHOOSING. THROUGH DESIGNATED FUNDS, DONORS DESIGNATE ORGANIZATIONS OR CAUSES TO RECEIVE AUTOMATIC ANNUAL GRANTS. AND THROUGH OUR IMPACT FUNDS, DONORS MAKE GIFTS TO POOL WITH OTHER GENEROUS DONORS TO ACHIEVE A GREATER IMPACT ON AN ISSUE OR FIELD OF INTEREST. IN ADDITION, THRIVENT CHARITABLE SUPPORTS THE GENEROSITY OF DONORS AFFILIATED WITH THRIVENT BY PROCESSING DONATIONS MADE VIA THRIVENT'S PERSONAL GIVING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mandy Tuong President & CEO | Officer | 40 | $384,750 |
Greg Shamey Vice President | Officer | 40 | $11,383 |
Kim Borten Vice President | Officer | 40 | $7,942 |
Gregory Allen Assistant Treasurer | Officer | 40 | $7,022 |
Shana Finnegan Chief Strategy & Operating Officer | Officer | 40 | $6,865 |
Max Erickson Assistant Secretary | Officer | 40 | $1,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thrivent Financial Admin & Management Services | 12/30/21 | $2,947,694 |
Cambridge Associates Llc Investment Management | 12/30/21 | $545,810 |
Stellar Technology Solutions Llc Technology Services | 12/30/21 | $259,773 |
Redstone Strategy Group Llc Strategic Consulting | 12/30/21 | $275,000 |
Thrivent Investment Management Investment Management | 12/30/21 | $115,927 |
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 | $101,822,445 |
| Noncash contributions included in lines 1a–1f | $42,797,006 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,822,445 |
| Total Program Service Revenue | $0 |
| Investment income | $26,567,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,286 |
| Net Rental Income | $895 |
| Net Gain/Loss on Asset Sales | $10,271,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,812,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,724,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,307,948 |
| Compensation of current officers, directors, key employees. | $852,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,824,227 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $386,772 |
| Payroll taxes | $201,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,502,546 |
| Fees for services: Other | $573,949 |
| Advertising and promotion | $68,879 |
| Office expenses | $23,180 |
| Information technology | $504,318 |
| Royalties | $0 |
| Occupancy | $100,000 |
| Travel | $46,062 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,089 |
| All other expenses | $0 |
| Total functional expenses | $65,425,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,134,751 |
| Savings and temporary cash investments | $1,185,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,412 |
| Net Land, buildings, and equipment | $891,100 |
| Investments—publicly traded securities | $708,381,773 |
| Investments—other securities | $0 |
| Investments—program-related | $306,738 |
| Intangible assets | $0 |
| Other assets | $71,802,310 |
| Total assets | $809,708,853 |
| Accounts payable and accrued expenses | $1,105,119 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $127,007,443 |
| Total liabilities | $128,112,562 |
| Net assets without donor restrictions | $649,019,969 |
| Net assets with donor restrictions | $32,576,322 |
| 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 | $809,708,853 |
Grants Awarded
Over the last fiscal year, Thrivent Charitable Impact & Investing has awarded $51,143,574 in support to 1,726 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: CHARITABLE FUND TRANSFER | $5,037,701 |
Kansas City, MO PURPOSE: SCHOALRSHIPS | $1,332,327 |
MANKINS RESEARCH INC PURPOSE: GENERAL SUPPORT | $1,000,000 |
San Francisco, CA PURPOSE: CHARITABLE FUND TRANSFER | $756,295 |
Baltimore, MD PURPOSE: GENERAL SUPPORT | $686,564 |
Effingham, IL PURPOSE: SHELBYVILLE LAUNCH- MATCHING FUNDS | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Thrivent Charitable Impact & Investing has recieved totaling $1,847,458.
| Awarding Organization | Amount |
|---|---|
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, PHILANTHROPY | $722,750 |
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $600,437 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $142,883 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $142,883 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $79,299 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $75,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Mount Sinai Community Foundation Chicago, IL | $11,409,546 | $72,991,931 |
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Greater Milwaukee Foundation Inc Milwaukee, WI | $1,114,706,959 | $151,763,598 |
Thrivent Charitable Impact & Investing Appleton, WI | $809,708,853 | $138,812,775 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Greater Green Bay Community Foundation Inc Green Bay, WI | $158,723,657 | $42,186,646 |
Community Foundation For The Fox Valley Region Inc Appleton, WI | $500,269,949 | $60,999,391 |
Madison Community Foundation Madison, WI | $285,628,719 | $40,248,600 |
Elks National Foundation Inc Chicago, IL | $936,472,552 | $62,047,958 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |