Non-profit

Fund for Policy Reform Trust

Location:

WILMINGTON, DE

Tax ID:

35-7090597

Tax-Exempt Status:

501(c)(4)

Budget (2017):

Revenue: $37,716,714
Expenses: $100,363,937
Assets: $3,968,252,598

Type:

Clearinghouse for Fund for Policy Reform

Latest Filing:

2018 Form 990

Also see the similarly named Fund for Policy Reform (Nonprofit)

The Fund for Policy Reform Trust is a major left-of-center 501(c)(4) advocacy nonprofit funded by liberal billionaire George Soros and affiliated with his Open Society Foundations nonprofit network.

The Trust acts as an endowment and clearinghouse for its “sister” nonprofit, the Fund for Policy Reform, another Soros-affiliated Open Society nonprofit that makes grants to center-left groups. In 2018 alone, the Trust granted $750 million to the Fund for Policy Reform, its sole grant recipient and the sole donor to the Fund for Policy Reform. [1] In 2017, it granted $100 million to the Fund for Policy Reform. [2]

As of 2018, the Trust reported $3.2 billion in net assets. [3]

Leadership

Board of Directors

According to its 2018 IRS Form 990 filing (available here), the Trust has the following board members (“trustees”): [4]

  • Patrick Gaspard: President
  • Christopher Stone (former board member and president)
  • Daniel Eule
  • Michael Vachon
  • Christiana Trust: Administrative Trustee (subsidiary of WSFS Financial Corporation; Total Compensation: $20,000) [5]
  • Gail Scovell (board secretary)
  • Maija Arbolino (board treasurer)

Funding

Financial Documents

The 2018 IRS Form 990 filing for Fund for Policy Reform Trust was obtained by the Capital Research Center in March 2020 and is available here.

References

  1. Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Schedule I. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf ^
  2. Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2017. Schedule I. ^
  3. Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Part I: Line 22. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf ^
  4. Return of Organization Exempt from Income Tax (Form 990). Fund for Policy Reform Trust. 2018. Part VII. Archived: https://www.influencewatch.org/app/uploads/2020/03/Fund-for-Policy-Reform-Trust-2018-Form-990.pdf ^
  5. Press Release. “WSFS Announces Formation of Christiana Trust Company of Delaware.” November 2, 2017. Accessed March 5, 2020. https://www.globenewswire.com/news-release/2017/11/02/1173772/0/en/WSFS-Announces-Formation-of-Christiana-Trust-Company-of-Delaware.html ^

Associated Organizations

  1. Fund for Policy Reform (Non-profit)
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: May 1, 2015

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2017 Dec Form 990 $37,716,714 $100,363,937 $3,968,252,598 $47,250,141 N $0 $0 $1,112 $25,140 PDF
    2016 Dec Form 990 $513,447,617 $33,202,726 $3,696,475,474 $84,420 N $46,691,286 $0 $243 $37,520 PDF
    2015 Dec Form 990 $1,405,399,362 $17,533,943 $2,408,705,694 $11,813,943 N $1,400,105,502 $0 $10 $20,000 PDF

    Fund for Policy Reform Trust

    501 CARR RD STE 100
    WILMINGTON, DE 19809-2866