Amalgamated Charitable Foundation INC: Nonprofit Profile, Financials & Form 990 (EIN 82-1517696)

Revenue by fiscal year
FY2020	$87.2M
FY2021	$193.7M
FY2022	$219.9M
FY2023	$273.8M
FY2024	$396.9M

Expenses by fiscal year
FY2020	$64.4M
FY2021	$111.6M
FY2022	$182.2M
FY2023	$206.3M
FY2024	$266.5M

Net assets by fiscal year
FY2020	$42.2M
FY2021	$124.4M
FY2022	$159.8M
FY2023	$229.2M
FY2024	$360.0M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

98%

Program services 98% · $261.8M Management & general 2% · $4.1M Fundraising 0% · $665K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $664K paid to officers and key staff.

Part VII, Section A · reportable compensation

Anna Fink

Chief Executive Officer

$398,743Pt VII · Sec A

Erin Gleason

Chief Operating Officer

$265,254Pt VII · Sec A

Allison Skinner

Gen. Coun. & Acting Sec. (jan)

$0Pt VII · Sec A

Steven Cole-Schwartz

Director

$0Pt VII · Sec A

Jason Darby

Director

$0Pt VII · Sec A

Morris Pearl

Director

$0Pt VII · Sec A

Priscilla Sims Brown

President

$0Pt VII · Sec A

Dorian Warren

Director

$0Pt VII · Sec A

Anna Fink’s $399K as Chief Executive Officer is at the 35th 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.

See Amalgamated Charitable Foundation INC executive salaries →

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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

Provides grants and donor-advised funds to US nonprofits advancing social change, civil rights, youth support, education, health, and environmental preservation.

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Provided by the organization

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1 program · $261.8M · in their own filed words · FY2024

01

Grantmaking to Public Charities

Grants made to IRS recognized public charities across the United States. Donor advised funds and ACF's unrestricted funds are the principal sources of grantmaking activity. Grants are made to organizations qualifying under 501(c)(3) and focus on one or more of the following recognized exempt purposes: Assistance for those in need…

$261.8Mprogram 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

Zephyr ImpactFY2025$1.0M

Grapevine Giving FoundationFY2025$482K

Total grants receivedfrom 2 funders$1.5M

Grants paid · 6,564 grants · $736.1M · 2020–2024

Decolonizing Wealth Project INCFY2024$4,029,318

Tides FoundationCA · FY2024$3,656,097

Kindle ProjectNM · FY2024$3,137,000

Thousand CurrentsCA · FY2024$2,759,000

Common Counsel FoundationCA · FY2024$2,722,000

Proteus Fund INCMA · FY2024$2,560,500

Highlander Research & Education Center INCTN · FY2024$2,161,500

New Venture FundDC · FY2024$2,137,500

Taproot EarthLA · FY2024$2,125,000

Borealis PhilanthropyMN · FY2024$2,125,000

Transgender Law CenterCA · FY2024$2,052,750

MreliefIL · FY2024$2,000,000

Windward FundDC · FY2024$1,910,000

Defending Democracy Together InstituteDC · FY2024$1,790,000

Bvm Capacity Building Institute INCGA · FY2024$1,677,235

Jobs with Justice Education FundDC · FY2024$1,640,000

State Democracy ProjectNY · FY2024$1,586,500

Tides CenterCA · FY2024$1,582,000

See all 6,564 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$396.9M

Ln 12

Gifts and grantsLn 1h$389.7M

Investment incomeLn 3$7.2M

Money outPt IX

$266.5M

Ln 25

Programscol B$261.8M

Managementcol C$4.1M

Fundraisingcol D$665K

Owns and owesPt X

$360.0M

net assets · Ln 32

Cash and savingsLn 1–2$182.2M

Total assetsLn 16$361.1M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

12

listed · VII A

PaidVII A2

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$389.7M

Noncash giftsLn 1g$25.3M

Investment incomeLn 3$7.2M

Gains on assetsLn 7$121K

Total revenueLn 12$396.9M

Assets in detailPt X, end of year

CashLn 1$163.2M

SavingsLn 2$18.9M

Cash and savings togetherLn 1–2$182.2M

InvestmentsLn 11–13$127.8M

Total assetsLn 16$361.1M

LiabilitiesLn 26$1.1M

Net assetsLn 32$360.0M

OperationsPt I, VI

EmployeesI 576

VolunteersI 68

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	$133.7M	$182.2M
InvestmentsLn 11–13	$73.8M	$127.8M
Total assetsLn 16	$230.9M	$361.1M
LiabilitiesLn 26	$1.7M	$1.1M
Net assetsLn 32	$229.2M	$360.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$234.5M	$234.5M
Grants and assistance to foreign recipientsLn 3	$456K	$456K
Pay of current officers, directors and key staffLn 5	$689K	$519K	$129K	$41K
Other salaries and wagesLn 7	$9.4M	$7.1M	$1.8M	$560K
Legal feesLn 11b	$192K		$192K
Accounting feesLn 11c	$185K		$185K
Investment management feesLn 11f	$220K		$220K
Other fees for servicesLn 11g	$17.6M	$17.1M	$455K	$65K
Advertising and promotionLn 12	$51K	$51K
Office expensesLn 13	$418K	$191K	$227K
Information technologyLn 14	$669K	$93K	$576K
OccupancyLn 16	$12K	$12K
TravelLn 17	$1.1M	$967K	$167K
Conferences, conventions and meetingsLn 19	$119K	$119K
InsuranceLn 23	−$10K		−$10K
Other expenses (24a–d)Ln 24	$848K	$688K	$160K
Total functional expensesLn 25	$266.5M	$261.8M	$4.1M	$665K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$396.9M	$266.5M	$130.4M	$360.0M	990 PDF
FY2023	$273.8M	$206.3M	$67.5M	$229.2M	990 PDF
FY2022	$219.9M	$182.2M	$37.7M	$159.8M	990 PDF
FY2021	$193.7M	$111.6M	$82.1M	$124.4M	990 PDF
FY2020	$87.2M	$64.4M	$22.7M	$42.2M	990 PDF

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Schedules filed Part IV

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

See the full FY2024 990 (6 parts)

Part I · Summary $396,906,311 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $270,017,753$389,741,054

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $3,784,708$7,165,257

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $273,802,461$396,906,311

I-13 Grants and similar amounts paidPrior year $181,945,881$234,944,291

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

I-15 Salaries and benefitsPrior year $5,699,095$10,106,546

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

I-17 Other expensesPrior year $18,667,869$21,440,984

I-18 Total expensesPrior year $206,312,845$266,491,821

I-19 Revenue less expensesPrior year $67,489,616$130,414,490

Part VI · Governance 8 of 8 board members independent, no flags

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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 $396,906,311 across 6 lines filed

VIII-1f All other contributions, gifts and grants$389,741,054

VIII-1g Noncash contributions (included above)$25,290,722

VIII-1h Total contributions, gifts and grants$389,741,054

VIII-3 Investment incomeExcluded from tax $7,044,542$7,044,542

VIII-7 Net gain or loss on sales of assetsExcluded from tax $120,715$120,715

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,165,257$396,906,311

Part IX · Statement of functional expenses $266,491,821 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $234,488,291$234,488,291

IX-3 Grants and assistance to foreign recipientsPrograms $456,000$456,000

IX-5 Pay of current officers, directors and key staffPrograms $518,841 · Management $129,160 · Fundraising $40,934$688,935

IX-7 Other salaries and wagesPrograms $7,092,462 · Management $1,765,588 · Fundraising $559,561$9,417,611

IX-11b Legal feesManagement $191,602$191,602

IX-11c Accounting feesManagement $184,896$184,896

IX-11f Investment management feesManagement $219,600$219,600

IX-11g Other fees for servicesPrograms $17,083,267 · Management $455,186 · Fundraising $64,557$17,603,010

IX-12 Advertising and promotionPrograms $51,286$51,286

IX-13 Office expensesPrograms $191,017 · Management $227,084$418,101

IX-14 Information technologyPrograms $93,019 · Management $576,392$669,411

IX-16 OccupancyPrograms $11,638$11,638

IX-17 TravelPrograms $967,309 · Management $166,942$1,134,251

IX-19 Conferences, conventions and meetingsPrograms $119,242$119,242

IX-23 InsuranceManagement −$10,069−$10,069

IX-24 Other expenses (24a–d)Programs $688,055 · Management $159,961$848,016

IX-25 Total functional expensesPrograms $261,760,427 · Management $4,066,342 · Fundraising $665,052$266,491,821

Part X · Balance sheet $361,053,663 assets, 12 lines filed

Asset lines not itemized here account for $100,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $128,887,242$163,228,239

X-2 Savings and temporary cash investmentsStart of year $4,842,235$18,928,158

X-4 Accounts receivableStart of year $23,194,669$50,914,863

X-9 Prepaid expenses and deferred chargesStart of year $82,943$111,793

X-11 Publicly traded securitiesStart of year $73,801,809$127,770,610

X-16 Total assetsStart of year $230,908,898$361,053,663

X-17 Accounts payable and accrued expensesStart of year $1,688,515$1,068,069

X-26 Total liabilitiesStart of year $1,688,515$1,068,069

X-27 Net assets without donor restrictionsStart of year $59,279,001$92,756,080

X-28 Net assets with donor restrictionsStart of year $169,941,382$267,229,514

X-32 Total net assets or fund balancesStart of year $229,220,383$359,985,594

X-33 Total liabilities and net assetsStart of year $230,908,898$361,053,663

Part XI · Reconciliation of net assets $359,985,594 net assets at year end

XI-1 Total revenue$396,906,311

XI-2 Total expenses$266,491,821

XI-3 Revenue less expenses$130,414,490

XI-4 Net assets at start of year$229,220,383

XI-5 Net unrealized gains (losses) on investments$350,721

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$359,985,594

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

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Amalgamated Charitable Foundation INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Amalgamated Charitable Foundation INC

Grantmaking to Public Charities

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV