Fund 25

Fund 25 is a private grantmaking foundation in Raleigh, North Carolina1  founded in late 2014 with a $1 million contribution from two left-progressive medical researchers, Roxanne Saucier and her husband Nabarun Dasgupta. 2

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At-A-Glance

Type: Non-profit, 501(c)(3), Private Foundation
Issue Areas: Multi-Issue Advocacy
President:

Roxanne Saucier

Secretary:

Nabarun Dasgupta

Formation:

2015

Location: Raleigh, NC View on map
Tax ID: 47-2458563
Most Recent Filing: 2025
Budget (2025): Assets: $84 Revenue: $1,183 Expenses: $5,151

Contents

    Saucier’s work on drug overdoses has been supported by the Open Society Network created by left-progressive billionaire donor George Soros. 3

    Grants

    Fund 25 primarily grants money to left-progressive social causes.  In 2018 it gave $75,000 to Repairers of the Breach, a left-wing Christian-associated advocacy group defending LGBTQ, women, and refugee interests in North Carolina. 4 Other major grants went to Project South, Southern Coalition for Social Justice, Alternate Roots, Harm Reduction Coalition, and the American Civil Liberties Union of North Carolina. 5

    People

    Roxanne Saucier is president of Fund 25 and is married to the secretary, Nabarun Dasgupta. The address of the foundation is the same as Saucier’s home that she shares with Dasgupta and their son. 6 Saucier works as a researcher for Open Society Public Health Program. 7 Her writings on overdose have been published by George Soros’ Open Society Foundations. 3

    Nabarun Dasgupta is the secretary of Fund 25. He is a professor and researcher of epidemiology at the University of North Carolina, Chapel Hill.  His research includes drug and opioid abuse. He co-founded Epidemico, a “health informatics” firm, and Project Lazarus, a non-profit preventing overdose in North Carolina. 8

    Saucier and Dasgupta are the funders of Fund 25; in 2014, they made a joint $1 million contribution to establish the foundation. 2

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $84 $1,183 $5,151 View
    2024 $4,051 $54,891 $55,543 View
    2023 $4,805 $3,224 $81,801 View
    2022 $81,692 $5,406 $118,763 View
    2021 $225,658 $31,775 $104,330 View
    2020 $304,228 $26,805 $109,552 View

    Prior year filings: 2015, 2014

    Expenses Detail

    Grant Activity

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $1,110,675
    • Number of Grants: 113
    • Number of Recipients: 56

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $75,0002023 FORWARD JUSTICEGENERAL SUPPORT/RACIAL JUSTICE
    $75,0002022 Forward JusticeGENERAL SUPPORT/RACIAL JUSTICE
    $75,0002021 FORWARD JUSTICEGENERAL SUPPORT / RACIAL JUSTICE
    $50,0002024 FORWARD JUSTICEGENERAL SUPPORT/RACIAL JUSTICE
    $20,0002022 Project South Institute for the Elimination of Poverty and GenocideGENERAL SUPPORT/RACIAL JUSTICE
    $20,0002021 Project South Institute for the Elimination of Poverty and GenocideGENERAL SUPPORT / RACIAL JUSTICE
    $20,0002020 Project South Institute for the Elimination of Poverty and GenocideGENERAL SUPPORT / RACIAL JUSTICE
    $16,5002022 National Harm Reduction CoalitionGENERAL SUPPORT/PUBLIC HEALTH
    $5,0002020 Community Success Initiative IncNC COMMUNITY BAIL FUND
    $1,0002024 SHAKORI HILLS COMMUNITY ARTS CENTER INCGENERAL SUPPORT / MUSIC AND ARTS
    $1,0002023 SHAKORI HILLS COMMUNITY ARTS CENTER INCGENERAL SUPPORT / MUSIC AND ARTS
    $1,0002022 SHAKORI HILLS COMMUNITY ARTS CENTER INCGENERAL SUPPORT / MUSIC AND ARTS
    $1,0002021 SHAKORI HILLS COMMUNITY ARTS CENTER INCGENERAL SUPPORT / MUSIC AND ARTS
    $1,0002020 SHAKORI HILLS COMMUNITY ARTS CENTER INCGENERAL SUPPORT / MUSIC AND ARTS
    $5002024 United States Soccer FoundationGENERAL DONATION
    $5002023 Habitat for Humanity International IncANNUAL GIVING CAMPAIGN
    $2502022 Vermont Land Trust IncGENERAL SUPPORT/ LAND CONSERVATION
    $2002020 PLM Families TogetherGENERAL SUPPORT / HOUSING
    $1002020 Food Bank of Central & Eastern North Carolina, Inc.GENERAL SUPPORT / FOOD
    $1002020 Inter-Faith Food ShuttleGENERAL SUPPORT / FOOD
    $502020 Equal Justice InitiativeGEN. SUPPORT CRIMINAL JUSTICE REFORM
    $502020 NC Survivors Union IncGENERAL SUPPORT / HEALTHCARE
    $252021 Johnson Service CorpsGENERAL SUPPORT / SOCIAL JUSTICE

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. Fund 25, Return of a Private Foundation (Form 990-PF), 2018https://projects.propublica.org/nonprofits/organizations/472458563/201941279349100424/IRS990PF.
    2. Fund 25, Return of a Private Foundation (Form 990-PF), 2014, Schedule B https://projects.propublica.org/nonprofits/display_990/472458563/2015_05_PF%2F47-2458563_990PF_201412.
    3. Saucier, Roxanne. “Stopping Overdose” Peer-Based Distribution of Naloxone.” Open Society Foundations, accessed August 7, 2020, https://www.opensocietyfoundations.org/publications/stopping-overdose.
    4. “About Us.” Repairers of the Breach, accessed August 7, 2020, https://www.breachrepairers.org/mission.
    5. Fund 25, Return of a Private Foundation (Form 990-PF), 2018,  Part XV Line 3 https://projects.propublica.org/nonprofits/organizations/472458563/201941279349100424/IRS990PF.
    6. Welton, J. Michael. “Fraternal Twins, a Shared Future, a Modern Heritage.” Walter Magazine, accessed August 6, 2020, https://www.waltermagazine.com/home/fraternal-twins-a-shared-future-a-modern-heritage/.
    7. Saucier, Roxanne. “’I’m the Evidence’: Video Advocacy to Prevent Drug Overdose Deaths.” Open Society Foundations, accessed August 7, 2020, https://www.opensocietyfoundations.org/voices/i-m-evidence-video-advocacy-prevent-drug-overdose-deaths.
    8. “Nabarun Dasgupta, PhD, MPH.” Injury Prevention Research Center, Leadership and Faculty, accessed August 6, 2020, https://iprc.unc.edu/about-us/our-people/leadership-faculty/?person=401.