Freewill Impact Fund
- Assets
- $453.9k
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- Data as of
- 12/2022
- EIN
- 86-1218871
Organization Overview
Freewill Impact Fund is located in Palo Alto, CA. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, 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. Freewill Impact Fund 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 12/2022, Freewill Impact Fund generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 43.9% per year over the past 2 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 2021, Freewill Impact Fund has awarded 35 individual grants totaling $793,567. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKING CHARITABLE NON-CASH GIVING TO NONPROFIT ORGANIZATIONS EASY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREEWILL IMPACT FUND OPERATES A DONOR ADVISED FUND. IT MAKES GRANTS OUT OF ITS ASSETS TO OTHER QUALIFYING NONPROFIT ORGANIZATIONS CONSIDERING RECOMMENDATIONS FROM THE ORIGINAL DONORS REGARDING WORTHY ORGANIZATIONS. FREEWILL IMPACT FUND'S MISSION IS TO MAKE CHARITABLE GIVING ESPECIALLY EASY, SO DONORS CAN SUPPORT THEIR FAVORITE NONPROFIT ORGANIZATIONS WITHOUT TRADITIONAL PAIN POINTS IN NON-CASH GIVING AND MAKE A TRULY REMARKABLE IMPACT ON THE WORLD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Xia Spradling President | OfficerTrustee | 1 | $0 |
Kathryn Zealand Secretary | OfficerTrustee | 1 | $0 |
John Goedert Treasurer | OfficerTrustee | 1 | $0 |
Andrew Nick Chief Legal Officer | Officer | 2 | $0 |
Allison Lee Vice President Of Legal & Compliance | Officer | 3 | $0 |
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 | $2,503,817 |
| Noncash contributions included in lines 1a–1f | $2,503,817 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,503,817 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,503,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,390,931 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $21 |
| Total functional expenses | $2,463,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,742 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $453,861 |
| Accounts payable and accrued expenses | $413,149 |
| 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 | $0 |
| Total liabilities | $413,149 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $40,712 |
| Total liabilities and net assets/fund balances | $453,861 |
Grants Awarded
Over the last fiscal year, Freewill Impact Fund has awarded $317,768 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN AIR TASK FORCE INC PURPOSE: GENERAL SUPPORT | $85,594 |
THE REFUGEE AND IMMIGRANT CENTER FOR EDUCATION AND LEGAL SERVICES PURPOSE: GENERAL SUPPORT | $48,542 |
DOUBLE UP DRIVE PURPOSE: GENERAL SUPPORT | $57,312 |
THE FUND FOR AFRICAN RELIEF AND EDUCATION PURPOSE: GENERAL SUPPORT | $39,127 |
RADIANCE CHRISTIAN CHURCH PURPOSE: GENERAL SUPPORT | $16,136 |
THE LIFE YOU CAN SAVE PURPOSE: GENERAL SUPPORT | $23,713 |