Growald Climate Fund Inc
- Assets
- $22.8m
- Revenue
- $29.4m
- Investments
- $5.2m
- Employees
- 0
- Location
- Brookline, MA
- Founding
- 10/2014
- Data as of
- 12/2023
- 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 12/2023, Growald Climate Fund Inc generated $29.4m in total revenue. All expenses for the organization totaled $34.0m during the year ending 12/2023. While expenses have increased by 62.3% per year over the past 5 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 735 individual grants totaling $72,574,669. 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
2023
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 |
|---|---|---|---|
Eileen Growald President | 10 | $0 | |
Paul Growald Vice-President | 10 | $0 | |
Adam Growald Treasurer | 1 | $0 | |
B Stephen Toben Secretary | 1 | $0 | |
Joanna Messing CEO | 36 | $295,000 | |
Sanjay Kabir Bavikatte Director Org. Develo | 40 | $200,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Climate Smart Ventures Pte Ltd | 12/30/23 | $525,000 |
Imaginate Solutions | 12/30/23 | $301,289 |
Smarter Good Inc | 12/30/23 | $144,000 |
Carolina A Echeverri | 12/30/23 | $136,928 |
Pacific Rim Investment Management | 12/30/23 | $108,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,844,908 |
| Interest on Savings | $216,601 |
| Dividends & Interest | $370,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$47,713 |
| Capital Gain Net Income | $3,256,018 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,383,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,165 |
| Other employee salaries and wages | $2,292,826 |
| Pension plans, employee benefits | $549,236 |
| Interest | $0 |
| Taxes | $51,000 |
| Depreciation | $6,816 |
| Occupancy | $165,939 |
| Travel, conferences, and meetings | $351,740 |
| Printing and publications | $0 |
| Other expenses | $1,987,153 |
| Total operating and administrative expenses | $5,776,344 |
| Contributions, gifts, grants paid | $28,245,496 |
| Total expenses and disbursements | $34,021,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,187,342 |
| Savings and temporary cash investments | $14,067,409 |
| Net Accounts receivable | $14,285 |
| 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 | $622,053 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $378,768 |
| Net Land, buildings, and equipment | $218,544 |
| Other assets | $443,539 |
| Total assets | $22,766,935 |
| Accounts payable and accrued expenses | $298,670 |
| Grants payable | $7,744,174 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $447,284 |
| Total liabilities | $8,490,128 |
Grants Awarded
Over the last fiscal year, Growald Climate Fund Inc has awarded $28,245,496 in support to 132 organizations.
| Grant Recipient | Amount |
|---|---|
350ORG PURPOSE: GENERAL SUPPORT | $200,043 |
AKTIVASIA LTD PURPOSE: GENERAL SUPPORT | $150,000 |
ANTI DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $15,000 |
ANTHROPOCENE FIXED INCOME INSTITUTE PURPOSE: GENERAL SUPPORT | $400,000 |
AUDUBON VERMONT PURPOSE: GENERAL SUPPORT | $500 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL SUPPORT | $250 |