Impactassets INC: FY2021 Nonprofit Profile & Form 990 (EIN 26-2048480)

Margret Trilli’s $360K as CEO & CIO is at the 28th percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2023	FY2022	FY2021	FY2020
Margret Trilli	$359,718	$270,401	$439,020	$304,980
Timothy Freundlich	$350,511	$334,920	$288,221	$315,787
Alice Lowenstein	$314,133	—	—	—
Ivy Duke	$249,917	—	—	—
Deborah Parsons	$245,716	$234,617	$206,781	$163,148
Amy Bennett	—	$240,309	$218,486	$206,767
Stephanie Wei	—	—	—	$239,973
Surin Ramkissoon	$220,882	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Facilitates impact investing and charitable grantmaking through donor-advised funds to direct capital toward projects creating positive social and environmental change.

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1 program · $208.1M · in their own filed words · FY2021

01

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…

$208.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

The Disability Fund INCFY2025$75K

Total grants receivedfrom 1 funder$75K

Grants paid · 9,141 grants · $825.9M · 2020–2023

Globalgiving Foundation INCDC · FY2023$11,987,424

East Bay Meditation CenterCA · FY2023$5,456,000

American Online Giving Foundation INCDE · FY2023$3,000,000

Donor Advised Charitable Giving INCCO · FY2023$2,847,280

Rockefeller Philanthropy Advisors INCNY · FY2023$2,780,810

IgiftfundOH · FY2023$2,738,491

Atmos LtdNY · FY2023$2,500,000

Jubilee Gift Galaxy INCNY · FY2023$2,370,000

The Threshold FoundationNY · FY2023$2,101,000

Possibility LabsCA · FY2023$2,002,500

Help KitchenCA · FY2023$2,000,000

Menomini You INCWI · FY2023$2,000,000

Clean Future Forum INCDC · FY2023$1,982,221

Virginia Organizing INCVA · FY2023$1,975,000

Foundation for Civic Leadership INCMA · FY2023$1,900,000

United States Fund for UNICEFNY · FY2023$1,653,500

St Joseph Academy INCNJ · FY2023$1,601,000

School of Leadership-Afghanistan INCFL · FY2023$1,502,500

See all 9,141 grants →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$718.0M

Ln 12

Gifts and grantsLn 1h$649.0M

Investment incomeLn 3$68.5M

Fees for servicesLn 2g$471K

Money outPt IX

$218.6M

Ln 25

Programscol B$208.1M

Managementcol C$9.1M

Fundraisingcol D$1.4M

Owns and owesPt X

$2.2B

net assets · Ln 32

Cash and savingsLn 1–2$377.1M

Total assetsLn 16$2.2B

LiabilitiesLn 26$29.1M

PeoplePt VI, VII

17

listed · VII A

PaidVII A8

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$649.0M

Noncash giftsLn 1g$318.6M

Fees for servicesLn 2g$471K

Investment incomeLn 3$68.5M

Gains on assetsLn 7$39.0M

Total revenueLn 12$718.0M

Assets in detailPt X, end of year

CashLn 1$141.4M

SavingsLn 2$235.7M

Cash and savings togetherLn 1–2$377.1M

InvestmentsLn 11–13$1.68B

Land, buildings, equipmentLn 10c$70K

Other assetsLn 15$4.6M

Total assetsLn 16$2.2B

LiabilitiesLn 26$29.1M

Net assetsLn 32$2.2B

OperationsPt I, VI

EmployeesI 538

VolunteersI 69

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$258.7M	$377.1M
InvestmentsLn 11–13	$1.05B	$1.68B
Land, buildings, equipmentLn 10c	$72K	$70K
Total assetsLn 16	$1.38B	$2.18B
LiabilitiesLn 26	$29.7M	$29.1M
Net assetsLn 32	$1.35B	$2.16B

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$197.5M	$197.5M
Grants and assistance to foreign recipientsLn 3	$1.0M	$1.0M
Pay of current officers, directors and key staffLn 5	$938K	$118K	$513K	$307K
Other salaries and wagesLn 7	$2.1M	$269K	$1.2M	$699K
Pension plan contributionsLn 8	$236K	$30K	$129K	$77K
Other employee benefitsLn 9	$175K	$22K	$95K	$57K
Payroll taxesLn 10	$278K	$35K	$152K	$91K
Legal feesLn 11b	$398K	$267K	$131K
Accounting feesLn 11c	$137K		$137K
Investment management feesLn 11f	$2.5M		$2.5M
Other fees for servicesLn 11g	$4.8M	$3.2M	$1.7M
Office expensesLn 13	$451K	$19K	$419K	$13K
Information technologyLn 14	$671K	$218K	$390K	$63K
OccupancyLn 16	$221K	$95K	$126K
TravelLn 17	$12K	$3K	$8K	$1K
Conferences, conventions and meetingsLn 19	$5K	$878	$4K
InterestLn 20	−$193K		−$193K
Depreciation, depletion and amortizationLn 22	$22K	$23	$22K	$26
InsuranceLn 23	$19K	$8K	$11K
Other expenses (24a–d)Ln 24	$5.9M	$5.7M	$163K
All other expensesLn 24e	$1.4M	−$393K	$1.7M	$122K
Total functional expensesLn 25	$218.6M	$208.1M	$9.1M	$1.4M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$680.3M	$627.3M	$53.0M	$3.0B	990 PDF
FY2023	$866.5M	$288.8M	$577.7M	$2.8B	990 PDF
FY2022	$382.3M	$243.9M	$138.4M	$2.2B	990 PDF
FY2021 Viewing	$718.0M	$218.6M	$499.3M	$2.2B	990 PDF
FY2020	$396.6M	$198.5M	$198.2M	$1.4B	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $717,988,041 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $319,584,429$649,033,144

I-9 Program service revenuePrior year $395,977$471,349

I-10 Investment incomePrior year $76,662,732$68,483,548

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $396,643,138$717,988,041

I-13 Grants and similar amounts paidPrior year $181,250,700$198,470,243

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $3,409,276$3,761,776

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $13,807,885$16,415,104

I-18 Total expensesPrior year $198,467,861$218,647,123

I-19 Revenue less expensesPrior year $198,175,277$499,340,918

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $717,988,041 across 7 lines filed

VIII-1f All other contributions, gifts and grants$649,033,144

VIII-1g Noncash contributions (included above)$318,637,063

VIII-1h Total contributions, gifts and grants$649,033,144

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $471,349$471,349

VIII-3 Investment incomeUnrelated business −$1,967,384 · Excluded from tax $31,499,419$29,532,035

VIII-7 Net gain or loss on sales of assetsExcluded from tax $38,951,513$38,951,513

VIII-12 Total revenueRelated to mission $471,349 · Unrelated business −$1,967,384 · Excluded from tax $70,450,932$717,988,041

Part IX · Statement of functional expenses $218,647,123 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $197,457,794$197,457,794

IX-3 Grants and assistance to foreign recipientsPrograms $1,012,449$1,012,449

IX-5 Pay of current officers, directors and key staffPrograms $118,159 · Management $512,700 · Fundraising $306,747$937,606

IX-7 Other salaries and wagesPrograms $269,184 · Management $1,168,015 · Fundraising $698,817$2,136,016

IX-8 Pension plan contributionsPrograms $29,702 · Management $128,878 · Fundraising $77,107$235,687

IX-9 Other employee benefitsPrograms $22,002 · Management $95,468 · Fundraising $57,118$174,588

IX-10 Payroll taxesPrograms $35,019 · Management $151,950 · Fundraising $90,910$277,879

IX-11b Legal feesPrograms $267,114 · Management $130,972$398,086

IX-11c Accounting feesManagement $136,558$136,558

IX-11f Investment management feesManagement $2,518,422$2,518,422

IX-11g Other fees for servicesPrograms $3,175,478 · Management $1,651,681$4,827,159

IX-13 Office expensesPrograms $18,899 · Management $419,358 · Fundraising $12,848$451,105

IX-14 Information technologyPrograms $218,413 · Management $390,131 · Fundraising $62,787$671,331

IX-16 OccupancyPrograms $94,829 · Management $125,704$220,533

IX-17 TravelPrograms $3,136 · Management $7,944 · Fundraising $1,177$12,257

IX-19 Conferences, conventions and meetingsPrograms $878 · Management $3,988$4,866

IX-20 InterestManagement −$192,747−$192,747

IX-22 Depreciation, depletion and amortizationPrograms $23 · Management $22,051 · Fundraising $26$22,100

IX-23 InsurancePrograms $7,944 · Management $10,855$18,799

IX-24 Other expenses (24a–d)Programs $5,734,517 · Management $162,965$5,897,482

IX-24e All other expensesPrograms −$392,716 · Management $1,700,253 · Fundraising $121,616$1,429,153

IX-25 Total functional expensesPrograms $208,072,824 · Management $9,145,146 · Fundraising $1,429,153$218,647,123

Part X · Balance sheet $2,184,359,966 assets, 19 lines filed

Asset lines not itemized here account for $119,374,985; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $142,034,697$141,439,163

X-2 Savings and temporary cash investmentsStart of year $116,677,960$235,698,746

X-3 Pledges and grants receivableStart of year $1,714,954$57,000

X-4 Accounts receivableStart of year $4,012$4,012

X-9 Prepaid expenses and deferred chargesStart of year $162,755$291,273

X-10c Land, buildings and equipment, netStart of year $71,768$70,119

X-11 Publicly traded securitiesStart of year $713,255,635$952,394,965

X-12 Other securitiesStart of year $335,765,045$730,420,306

X-15 Other assetsStart of year $2,820,395$4,609,397

X-16 Total assetsStart of year $1,383,884,329$2,184,359,966

X-17 Accounts payable and accrued expensesStart of year $14,954,246$26,076,685

X-18 Grants payableStart of year $1,349,530$1,324,978

X-24 Unsecured notes and loans payableStart of year $13,441,514$1,638,891

X-25 Other liabilitiesStart of year $200$105,105

X-26 Total liabilitiesStart of year $29,745,490$29,145,659

X-27 Net assets without donor restrictionsStart of year $1,351,455,753$2,152,649,099

X-28 Net assets with donor restrictionsStart of year $2,683,086$2,565,208

X-32 Total net assets or fund balancesStart of year $1,354,138,839$2,155,214,307

X-33 Total liabilities and net assetsStart of year $1,383,884,329$2,184,359,966

Part XI · Reconciliation of net assets $2,155,214,307 net assets at year end

XI-1 Total revenue$717,988,041

XI-2 Total expenses$218,647,123

XI-3 Revenue less expenses$499,340,918

XI-4 Net assets at start of year$1,354,138,839

XI-5 Net unrealized gains (losses) on investments$301,734,550

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,155,214,307

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Impactassets INC FY2021 filing

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