Tides Foundation: Nonprofit Profile, Financials & Form 990 (EIN 51-0198509)

Manages donor-advised funds and distributes grants globally to accelerate social change, while providing educational support and community-building opportunities for donors and nonprofits.

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1 program · $445.2M · in their own filed words · FY2024

01

Tides foundation makes grants and operates collective action, donor-advised and other grantmaking funds for charitable and educational purposes that help to make the world a better place. Grants are made to eligible domestic and qualified foreign charitable organizations for these philanthropic purposes.

$445.2Mprogram 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

Association of Black Foundation Executives INCFY2025$450K

Our Change FoundationFY2025$282K

Ruth H Brown FoundationFY2025$250K

William G Nash FoundationFY2025$109K

T Rowe Price Program for Charitable Giving INCFY2025$20K

Ggm TrFY2025$8K

Total grants receivedfrom 6 funders$1.1M

See all 6 funders →

Grants paid · 11,672 grants · $2.3B · 2020–2024

Tides AdvocacyCA · FY2024$28,164,447

State Democracy ProjectNY · FY2024$20,280,000

Tides CenterCA · FY2024$9,579,887

Impactassets INCMD · FY2024$8,294,752

Academy for the Love of Learning INCNM · FY2024$5,000,000

Trans Justice Funding ProjectFY2024$4,322,252

Movement Voter FundMA · FY2024$4,200,000

Floridians Protecting Freedom INCFL · FY2024$3,332,500

Nextgen Climate America INCCA · FY2024$3,294,999

Working Families Organization INCNY · FY2024$3,254,209

Climate Strategies Lab LLCFY2024$3,123,870

Beneficial State FoundationCA · FY2024$2,626,767

Nethope INCVA · FY2024$2,576,000

Poder LatinxDC · FY2024$2,500,000

Oc ActionCA · FY2024$2,483,381

New Venture FundDC · FY2024$2,290,000

Rockefeller Philanthropy Advisors INCNY · FY2024$2,198,500

The Movement CooperativeFY2024$2,007,450

See all 11,672 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$368.0M

Ln 12

Gifts and grantsLn 1h$343.8M

Investment incomeLn 3$22.4M

Fees for servicesLn 2g$1.7M

Money outPt IX

$468.4M

Ln 25

Programscol B$445.2M

Managementcol C$22.1M

Fundraisingcol D$1.1M

Owns and owesPt X

$476.9M

net assets · Ln 32

Cash and savingsLn 1–2$27.1M

Total assetsLn 16$534.5M

LiabilitiesLn 26$57.6M

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$343.8M

Noncash giftsLn 1g$34.8M

Fees for servicesLn 2g$1.7M

Investment incomeLn 3$22.4M

Gains on assetsLn 7$9.8M

Total revenueLn 12$368.0M

Assets in detailPt X, end of year

CashLn 1$5.4M

SavingsLn 2$21.7M

Cash and savings togetherLn 1–2$27.1M

InvestmentsLn 11–13$449.8M

Total assetsLn 16$534.5M

LiabilitiesLn 26$57.6M

Net assetsLn 32$476.9M

OperationsPt I, VI

EmployeesI 50

VolunteersI 653

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 FY24	End FY24
Cash and savingsLn 1–2	$45.5M	$27.1M
InvestmentsLn 11–13	$552.2M	$449.8M
Total assetsLn 16	$646.1M	$534.5M
LiabilitiesLn 26	$68.6M	$57.6M
Net assetsLn 32	$577.5M	$476.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$395.2M	$395.2M
Grants to domestic individualsLn 2	$80K	$80K
Grants and assistance to foreign recipientsLn 3	$47.2M	$47.2M
Legal feesLn 11b	$1.2M		$1.2M
Accounting feesLn 11c	$11K		$11K
Investment management feesLn 11f	$467K	$467K
Other fees for servicesLn 11g	$1.8M	$1.8M	$10K
Advertising and promotionLn 12	$6K	$6K
Office expensesLn 13	$636	$636
Information technologyLn 14	$5K	$5K
TravelLn 17	$115K	$115K
Conferences, conventions and meetingsLn 19	$15K	$15K
InsuranceLn 23	$306K		$306K
Other expenses (24a–d)Ln 24	$21.8M	$56K	$20.6M	$1.1M
All other expensesLn 24e	$188K	$188K
Total functional expensesLn 25	$468.4M	$445.2M	$22.1M	$1.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$368.0M	$468.4M	−$100.4M	$476.9M	990 PDF
FY2023	$350.1M	$711.6M	−$361.4M	$577.5M	990 PDF
FY2022	$580.7M	$685.5M	−$104.8M	$894.2M	990 PDF
FY2021	$863.5M	$614.8M	$248.7M	$1.1B	990 PDF
FY2020	$1.1B	$619.0M	$447.4M	$927.4M	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 O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $367,989,822 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $329,874,862$343,842,746

I-9 Program service revenuePrior year $1,862,413$1,723,571

I-10 Investment incomePrior year $18,391,223$22,423,505

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $350,128,498$367,989,822

I-13 Grants and similar amounts paidPrior year $690,297,181$442,511,391

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

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $21,258,470$25,851,978

I-18 Total expensesPrior year $711,555,651$468,363,369

I-19 Revenue less expensesPrior year −$361,427,153−$100,373,547

Part VI · Governance 9 of 9 board members independent, 2 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-2 Family or business relationship among officers or directorsYes

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

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $367,989,822 across 8 lines filed

Lines not itemized here account for $8,327 of total revenue; see the IRS return.

VIII-1d Related organizations$8,841,382

VIII-1f All other contributions, gifts and grants$335,001,364

VIII-1g Noncash contributions (included above)$34,846,325

VIII-1h Total contributions, gifts and grants$343,842,746

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,715,244$1,715,244

VIII-3 Investment incomeUnrelated business −$24,663 · Excluded from tax $12,690,560$12,665,897

VIII-7 Net gain or loss on sales of assetsExcluded from tax $9,757,608$9,757,608

VIII-12 Total revenueRelated to mission $1,723,571 · Unrelated business −$24,663 · Excluded from tax $22,448,168$367,989,822

Part IX · Statement of functional expenses $468,363,369 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $395,239,277$395,239,277

IX-2 Grants to domestic individualsPrograms $80,000$80,000

IX-3 Grants and assistance to foreign recipientsPrograms $47,192,114$47,192,114

IX-11b Legal feesManagement $1,184,472$1,184,472

IX-11c Accounting feesManagement $10,712$10,712

IX-11f Investment management feesPrograms $466,846$466,846

IX-11g Other fees for servicesPrograms $1,787,210 · Management $9,555$1,796,765

IX-12 Advertising and promotionPrograms $5,769$5,769

IX-13 Office expensesPrograms $636$636

IX-14 Information technologyPrograms $4,678$4,678

IX-17 TravelPrograms $115,020$115,020

IX-19 Conferences, conventions and meetingsPrograms $15,132$15,132

IX-23 InsuranceManagement $306,145$306,145

IX-24 Other expenses (24a–d)Programs $55,844 · Management $20,557,669 · Fundraising $1,144,453$21,757,966

IX-24e All other expensesPrograms $187,837$187,837

IX-25 Total functional expensesPrograms $445,150,363 · Management $22,068,553 · Fundraising $1,144,453$468,363,369

Part X · Balance sheet $534,451,715 assets, 18 lines filed

Asset lines not itemized here account for $26,518,453; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $41,970,078$5,411,362

X-2 Savings and temporary cash investmentsStart of year $3,480,587$21,725,476

X-3 Pledges and grants receivableStart of year $18,567,902$21,902,980

X-4 Accounts receivableStart of year $2,427,704$6,465,012

X-9 Prepaid expenses and deferred chargesStart of year $600,000$2,666,497

X-11 Publicly traded securitiesStart of year $509,129,488$398,072,412

X-12 Other securitiesStart of year $25,842,302$26,546,401

X-13 Program-related investmentsStart of year $17,260,655$25,143,122

X-16 Total assetsStart of year $646,096,687$534,451,715

X-17 Accounts payable and accrued expensesStart of year $1,669,271$2,625,749

X-18 Grants payableStart of year $62,350,294$45,280,705

X-19 Deferred revenueStart of year $1,501,524$1,584,620

X-25 Other liabilitiesStart of year $3,049,711$8,099,093

X-26 Total liabilitiesStart of year $68,570,800$57,590,167

X-27 Net assets without donor restrictionsStart of year $577,525,887$476,861,548

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $577,525,887$476,861,548

X-33 Total liabilities and net assetsStart of year $646,096,687$534,451,715

Part XI · Reconciliation of net assets $476,861,548 net assets at year end

XI-1 Total revenue$367,989,822

XI-2 Total expenses$468,363,369

XI-3 Revenue less expenses−$100,373,547

XI-4 Net assets at start of year$577,525,887

XI-5 Net unrealized gains (losses) on investments−$290,792

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$476,861,548

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Tides Foundation

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