Growald Climate Fund Inc
- Assets
- $40.6m
- Revenue
- $39.3m
- Investments
- $5.3m
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-4209325
Organization Overview
Growald Climate Fund Inc is located in Brookline, MA. The organization was established in 2014. 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. Growald Climate Fund 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, Growald Climate Fund Inc generated $39.3m in total revenue. All expenses for the organization totaled $17.0m during the year ending 12/2021. While expenses have increased by 61.9% per year over the past 4 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 2019, Growald Climate Fund Inc has awarded 475 individual grants totaling $29,363,421. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GROWALD CLIMATE FUND, INC. PROMOTES STRATEGIC PHILANTHROPY IN SUPPORT OF A VIBRANT, HEALTHY AND BALANCED WORLD IN WHICH ALL SPECIES THRIVE. THE PRIMARY FOCUS OF OUR WORK IS CLIMATE, ENVIRONMENT AND EDUCATIONAL EFFORTS TO STRENGTHEN SOCIAL WELLBEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Messing Executive Director | 36 | $251,982 | |
Vikas Mehta Program Manager | 40 | $178,161 | |
Kabir Bavikatte Organizational Devel | 40 | $151,985 | |
Deborah Laframboise Finance & Ops. Direc | 32 | $121,340 | |
Liz Cipparone Head Of Network Enga | 40 | $116,981 | |
Eileen Growald President | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asia Research & Engagement | 12/30/21 | $150,000 |
Asar Social Impact Advisors Private Ltd | 12/30/21 | $150,000 |
Helvetic Payroll Zurich Ag | 12/30/21 | $60,000 |
Svarya Consulting | 12/30/21 | $50,766 |
Arthan Careers Private Limited | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $38,958,331 |
| Interest on Savings | $29,728 |
| Dividends & Interest | $124,321 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,585 |
| Capital Gain Net Income | $9,879,522 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $215,670 |
| Total Revenue | $39,346,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $251,982 |
| Other employee salaries and wages | $1,213,042 |
| Pension plans, employee benefits | $247,018 |
| Interest | $0 |
| Taxes | $71,000 |
| Depreciation | $5,577 |
| Occupancy | $149,860 |
| Travel, conferences, and meetings | $81,235 |
| Printing and publications | $0 |
| Other expenses | $1,278,145 |
| Total operating and administrative expenses | $3,364,967 |
| Contributions, gifts, grants paid | $13,586,915 |
| Total expenses and disbursements | $16,951,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,726,484 |
| Savings and temporary cash investments | $9,531,460 |
| Net Accounts receivable | $12,153 |
| Net Pledges Receivable | $0 |
| Grants receivable | $22,934,325 |
| 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 | $10,427 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $469,665 |
| Net Land, buildings, and equipment | $24,816 |
| Other assets | $13,191 |
| Total assets | $40,583,150 |
| Accounts payable and accrued expenses | $128,915 |
| Grants payable | $3,505,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $66,600 |
| Total liabilities | $3,700,515 |
Grants Awarded
Over the last fiscal year, Growald Climate Fund Inc has awarded $13,586,915 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: CLIMATE | $2,100,000 |
EUROPEAN CLIMATE FOUNDATION PURPOSE: CLIMATE | $1,750,000 |
SUNRISE PROJECT AUSTRAILIA LIMITED PURPOSE: ENERGY | $1,000,000 |
AROHA (FINANCIAL FUTURES CENTER) PURPOSE: SUSTAINABLE DEVELOPMENT | $500,000 |
STICHTING SED FUND PURPOSE: CLIMATE | $500,000 |
Oakland, CA PURPOSE: CLIMATE | $450,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Growald Climate Fund Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $50,000 |
Tides Foundation San Francisco, CA PURPOSE: SUSTAINABLE ENVIRONMENT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |
Jerome L Greene Foundation Inc New York, NY | $761,173,462 | $44,061,271 |
Howard Gilman Foundation Inc New York, NY | $600,733,170 | $27,754,418 |