Global Impact Social Welfare Fund

Global Impact Social Welfare Fund (GISWF) is a left-of-center advocacy organization that is a project of Global Impact Ventures. 1

At-A-Glance

Ideological Alignment: Left of Center
Issue Areas: Firearms Policy
Website: giswf.org
Formation:

2022

Executive Director:

Steve Polo

Location: Alexandria, VA View on map
Tax ID: 92-0652730
Most Recent Filing: 2024
Budget (2024): Assets: $24,166,736 Revenue: $43,631,068 Expenses: $35,649,604

Contents

    In 2022, GISWF gave substantial contributions to left-of-center activist groups, including $2,000,000 to Western Futures Fund, $700,000 to Alliance for Gun Responsibility Foundation, $650,000 to Goodnation Philanthropy Advisors, $600,000 to Democratic-aligned PAC for America’s Future, $500,000 to Tides Advocacy, $500,000 to Our American Future Action, and $500,000 to Local Jobs and Economic Development Fund. 2

    History and Leadership

    Global Impact Social Welfare Fund (GISWF) was formed on October 6, 2022, and began its program operations during 2023. 3 In May 2023, GISWF received tax-exempt status from the Internal Revenue Service. 4

    Steve Polo is the executive director of GISWF. 5 He is also an advisory board member of the Eurasia Foundation and the Conscious Venture Lab. 6

    Activities

    Global Impact Social Welfare Fund (GISFW) is a project of Global Impact Ventures. 1 GISFW is a left-of-center advocacy and activist organization that delivers funding to organizations seeking to make social impact on the issues of education and advocacy. 7

    GISWF’s advocates for left-of-center policy positions climate and the environment, criminal justice reform, global health, voter rights, economic development, and racial and gender equality issues. 8 9 10

    In 2022, GISFW spent $3,387,412 on “voter rights and education programs,” $1,764,998 on gun violence prevention, and more than $1,038,235 on left-of-center environmentalist and climate-related projects. 11 In June 2024, GISWF gave $50,000 to left-of-center PA Values, according to Federal Election Commission (FEC) records. 12 Two days after the donation, PA Values paid $48,000 for an advertisement that urged “MAGA Patriots” to stand with former President Donald Trump against mail-in voting. The advertisement was criticized as “borderline criminal” by liberal law professor Richard Hassen, who called it “trickery and voter suppression” in left-of-center publication Slate. 13 14

    Reporting on Michigan ballot committees in 2026 noted that GISWF helped fund opposition to a proposed constitutional convention through contributions to a ballot committee, alongside other similarly structured nonprofits. Such organizations are often described as operating through multiple affiliated entities or alternative names, a practice that can make it difficult to trace the original sources of funding while enabling coordinated political spending across different campaigns and jurisdictions. 15

    Lobbying

    Global Impact Social lobbies in support of left-of-center policy positions on issues including climate and the environment, criminal justice, global health, voting rights, economic development, and racial and gender equality. 9

    In 2022, Global Impact Social Welfare Fund spent $1,770,000 on lobbying expenses. GISWF paid Democratic-aligned PAC for America’s Future $600,000, Tides Advocacy $500,000, Local Jobs and Economic Development $500,000, Open Democracy PAC $100,000, and PAC for Justice $70,000. 16

    Grantmaking

    In 2022, Global Impact Social Welfare Fund spent more than $6.5 million on grants. These grants included $2,000,000 to Western Futures Fund, $700,000 to Alliance for Gun Responsibility Foundation, $650,000 to Goodnation Philanthropy Advisors, $600,000 to the PAC for America’s Future, $500,000 to Tides Advocacy, $500,000 to Our American Future Action, $500,000 to Local Jobs and Economic Development Fund, $250,000 to Protect our Families Inc, $200,000 to Road to Michigan’s Future, $150,000 to Protect Minnesota, $100,000 to Open Democracy PAC, $75,000 to ReAction, and $50,000 to Kansas Values Institute. 2

    Funding

    Global Impact Social Welfare Fund is a project of Global Impact Ventures. 1

    In 2022, GISWF reported revenue of $22,480,002 and expenses of $7,115,824. 5

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $24,166,736 $43,631,068 $35,649,604 View
    2023 $15,767,547 $22,480,002 $7,115,824 View

    Revenue Detail

    Expenses Detail

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $11,440,360
    • Number of Grants: 6
    • Number of Funders: 6

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

    AmountYearFunderSubject
    $8,945,5262023 Global ImpactGrant
    $2,303,8342023 Sixteen Thirty FundCIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
    $125,0002024 Democracy Planning & Enhancement FundPROJECT SUPPORT
    $50,0002023 Der Action IncGENERAL SUPPORT
    $15,0002024 Falconwood FoundationGENERAL SUPPORT, UNRESTRICTED
    $1,0002024 Michael Dunitz Crisis Foundation C/o Debra D GreenblattGENERAL PURPOSE CONTRIBUTION

    References

    1. “Home.” Global Impact Ventures. https://gi-ventures.org/.
    2. “Global Impact Social Welfare Fund.” Return of Organization Exempt From Income Tax. (Form 990). 2022. Schedule I. https://projects.propublica.org/nonprofits/organizations/920652730/202431359349307298/full.
    3. “Global Impact Social Welfare Fund.” Return of Organization Exempt From Income Tax. (Form 990). 2022. Part III. https://projects.propublica.org/nonprofits/organizations/920652730/202431359349307298/full.
    4. “Notice of Determination.” Department of Treasury Internal Revenue Service. May 2023. Accessed July 29, 2024. https://apps.irs.gov/pub/epostcard/dl/FinalLetter_92-0652730_GLOBALIMPACTSOCIALWELFAREFUND_01202023_00.pdf.
    5. “Global Impact Social Welfare Fund.” Return of Organization Exempt From Income Tax. (Form 990). 2021. Part I. https://projects.propublica.org/nonprofits/organizations/920652730/202431359349307298/full
    6. “Steve Polo.” LinkedIn Profile. Accessed July 29, 024. https://www.linkedin.com/in/steve-polo-52863/details/experience/.
    7. “Introducing Global Impact Ventures, our newly unified family of brands.” Global Impact. Accessed July 29, 2024. https://charity.org/give-global-blog/introducing-global-impact-ventures-our-newly-unified-family-of-brands/.
    8. “Frequently Asked Questions.” GI Social Welfare Fund. Accessed July 29, 2024. https://giswf.org/frequently-asked-questions/.
    9. “Home.” Global Impact Social Welfare Fund. Accessed July 29, 2024. https://giswf.org/.
    10. “Video.” Global Impact Ventures. Accessed July 29, 2024. https://gi-ventures.org/.
    11. “Global Impact Social Welfare Fund.” Return of Organization Exempt From Income Tax. (Form 990). 0221. Part III. https://projects.propublica.org/nonprofits/organizations/920652730/202431359349307298/full.
    12. “Itemized Receipts.” Federal Election Commission Records. Accessed July 30, 2024. https://docquery.fec.gov/cgi-bin/forms/C00631903/1801787/sa/ALL.
    13. Hasen, Richard L. “A Democratic Super PAC’s New Trump Ad Might Be Borderline Criminal.” Slate. June 26, 2024. Accessed July 30, 2024. https://slate.com/news-and-politics/2024/06/democrats-super-pac-trump-ad-criminal-2024-voting.html.
    14. Ross, Chuck. “Liberal Dark Money Group Claiming to Protect ‘voter Rights’ Funded Deceptive Ad Campaign Meant to Suppress GOP Votes.” Washington Free Beacon, July 17, 2024. https://freebeacon.com/democrats/liberal-dark-money-group-claiming-to-protect-voter-rights-funded-deceptive-ad-campaign-meant-to-suppress-gop-votes/.
    15. Schuster, Simon D. “More Dark Money Flows to Michigan Ballot Groups.” Bridge Michigan, April 28, 2026. https://bridgemi.com/michigan-government/more-dark-money-flows-to-michigan-ballot-groups/.
    16. “Global Impact Social Welfare Fund.” Return of Organization Exempt From Income Tax. (Form 990). 2022. Schedule C. https://projects.propublica.org/nonprofits/organizations/920652730/202431359349307298/full.