Freewill Impact Fund: Nonprofit Profile, Financials & Form 990 (EIN 86-1218871)

Simplifies charitable giving by operating a donor-advised fund that helps donors easily distribute non-cash assets to their favorite nonprofit organizations.

Questions for Freewill Impact Fund

Tap to ask. Freewill Impact Fund sees how many people are interested.

Your first name shows with your question. Freewill Impact Fund answers here, for everyone.

1 program · $11.9M · in their own filed words · FY2024

01

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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-1218871) · Dispute this line

$11.9Mprogram 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 · FY2021

American Online Giving Foundation INCFY2021$9K

Total grants receivedfrom 1 funder$9K

Grants paid · 233 grants · $15.9M · 2021–2024

The Oregon Community FoundationOR · FY2024$5,430,494

Discovery InstituteWA · FY2024$607,773

Verde Valley SchoolAZ · FY2024$552,500

Palestine Children's Relief FundFY2024$396,034

Himalayan Cataract Project INCVT · FY2024$332,940

Grace Family Church INCFL · FY2024$274,146

Habitat for Humanity of Omaha INCNE · FY2024$187,427

Conservation NwWA · FY2024$166,222

Heal Palestine INCOH · FY2024$163,570

Pratham USATX · FY2024$149,392

The Palestine Children's Relief FundFY2024$136,747

Hunterdon Regional Community Health INCNJ · FY2024$134,114

Gary Sinise FoundationTN · FY2024$130,275

Malaria Consortium US INCPA · FY2024$118,351

North American Cultural Laboratory INCNY · FY2024$106,740

Heritage Baptist ChurchVA · FY2024$105,200

Roman Catholic Bishop of Manchester a Coporation SoleNH · FY2024$101,724

Student Sponsor Partnership INCNY · FY2024$100,830

See all 233 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$11.9M

Ln 12

Gifts and grantsLn 1h$11.9M

Investment incomeLn 3$2K

Money outPt IX

$11.9M

Ln 25

Programscol B$11.9M

Managementcol C$528

Owns and owesPt X

$1K

net assets · Ln 32

Cash and savingsLn 1–2$361K

Total assetsLn 16$1.0M

LiabilitiesLn 26$1.0M

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$11.9M

Noncash giftsLn 1g$11.9M

Investment incomeLn 3$2K

Gains on assetsLn 7$0

Total revenueLn 12$11.9M

Assets in detailPt X, end of year

CashLn 1$361K

Cash and savings togetherLn 1–2$361K

Pledges and grants receivableLn 3$663K

Total assetsLn 16$1.0M

LiabilitiesLn 26$1.0M

Net assetsLn 32$1K

OperationsPt I, VI

EmployeesI 50

VolunteersI 63

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

Abroad and in kindSch F, M

Noncash gifts receivedSch M Pt I$11.9M

4Year over year

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$586K	$361K
Total assetsLn 16	$1.6M	$1.0M
LiabilitiesLn 26	$1.6M	$1.0M
Net assetsLn 32	$3K	$1K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$11.9M	$11.9M
Office expensesLn 13	$528		$528
Other expenses (24a–d)Ln 24	$41K	$41K
Total functional expensesLn 25	$11.9M	$11.9M	$528	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025	$11.9M	$11.9M	−$1K	$1K	990 PDF
FY2023Filed with the IRS Nov 13, 2024	$5.7M	$5.7M	−$649	$3K	990 PDF
FY2022Filed with the IRS Nov 11, 2023	$2.5M	$2.5M	$41K	$41K	990 PDF
FY2021Filed with the IRS Nov 14, 2022	$1.2M	$1.2M	−$100	−$100	990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations

See the full FY2024 990

Part I · Summary $11,892,814 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,675,000$11,891,225

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $629$1,589

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $5,675,629$11,892,814

I-13 Grants and similar amounts paidPrior year $5,607,138$11,852,523

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 $69,140$41,787

I-18 Total expensesPrior year $5,676,278$11,894,310

I-19 Revenue less expensesPrior year −$649−$1,496

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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

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

Part VIII · Statement of revenue $11,892,814 across 6 lines filed

VIII-1f All other contributions, gifts and grants$11,891,225

VIII-1g Noncash contributions (included above)$11,891,225

VIII-1h Total contributions, gifts and grants$11,891,225

VIII-3 Investment incomeExcluded from tax $1,589$1,589

VIII-7 Net gain or loss on sales of assets$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,589$11,892,814

Part IX · Statement of functional expenses $11,894,310 across 3 lines filed

IX-1 Grants to domestic organizationsPrograms $11,852,523$11,852,523

IX-13 Office expensesManagement $528$528

IX-24 Other expenses (24a–d)Programs $41,259$41,259

IX-25 Total functional expensesPrograms $11,893,782 · Management $528 · Fundraising $0$11,894,310

Part X · Balance sheet $1,024,177 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $585,886$360,794

X-3 Pledges and grants receivableStart of year $1,002,130$663,383

X-16 Total assetsStart of year $1,588,016$1,024,177

X-17 Accounts payable and accrued expensesStart of year $174,880$221,561

X-18 Grants payableStart of year $1,410,246$801,222

X-26 Total liabilitiesStart of year $1,585,126$1,022,783

X-27 Net assets without donor restrictionsStart of year $2,890$1,394

X-32 Total net assets or fund balancesStart of year $2,890$1,394

X-33 Total liabilities and net assetsStart of year $1,588,016$1,024,177

Part XI · Reconciliation of net assets $1,394 net assets at year end

XI-1 Total revenue$11,892,814

XI-2 Total expenses$11,894,310

XI-3 Revenue less expenses−$1,496

XI-4 Net assets at start of year$2,890

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,394

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

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

Freewill Impact Fund

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