Non-profit

ImpactAssets Inc.

Website:

www.impactassets.org

Location:

BETHESDA, MD

Tax ID:

26-2048480

Tax-Exempt Status:

501(c)(3)

Budget (2019):

Revenue: $734,781,486
Expenses: $114,731,627
Assets: $1,129,447,893

Type:

Donor Advised Fund

Founded:

2010

CEO:

Margret Trilli

Executive Director:

Timothy Freundlich

ImpactAssets Inc. is a donor-advised fund focused on donating to nonprofits, for-profit companies, and other philanthropic funds to create positive philanthropic impacts. In 2010, ImpactAssets spun off from Calvert Impact Capital, another non-profit investment firm, under the leadership of Timothy Freundlich, Wayne Silby, and Ron Cordes. The founders worked with the Rockefeller Foundation to develop the fund. [1]

ImpactAssets donates to a wide variety of organizations, including non-profits that support left-of-center causes like liberal expansionist immigration policy, left-progressive voter outreach, abortion access, environmentalism, and critical race theory. The fund also donates to numerous other donor-advised funds that support left-of-center groups.

Structure

ImpactAssets operates a donor-advised fund. Donors contribute to the fund, select broad philanthropic goals, and ImpactAssets directs the funds to nonprofits, for-profit companies, and other investment funds that further these goals. Returns generated from investments in for-profit enterprises are later reinvested into charitable organizations. ImpactAssets takes a cut of the donated funds ranging from 1% to 0.125% depending on the size of the donation. Donors receive charitable tax credits for their donations to ImpactAssets even before the donor-advised fund disburses the money to charitable groups. [2]

Donors have the option to engage in “custom investments,” wherein they select specific nonprofits and companies to invest in with funds already donated to the ImpactAssets donor-advised fund. Investors who use this investment structure are encouraged to act like “venture capitalists” in the philanthropic space. Custom investments have lower fees than the standard donor-advised fund donation structure. [3]

One of the first custom investment recipients was Beyond Meat, a Los Angeles-based company developing a plant-based alternative to traditional meat, which made an initial public offering at a $1.5 billion evaluation in 2019. ImpactAssets’s investment in Beyond Meat garnered a large return, which was then invested in other charitable pursuits. [4]

Finances

From its founding in 2010 to 2020, ImpactAssets has accumulated $1.1 billion in assets, awarded 57,294 grants to 11,292 unique recipients, totaling $608 million. [5]

In 2020, ImpactAssets made $414 million worth of investments in 220 new positions, including 12,000 new grants awarded worth $181 million. The three largest grant areas were “racial equity,” focused on financing minority-owned businesses and low-income housing; “climate change,” supporting environmentalist energy technology; and “gender equity,” promoting women’s participation in the economy. [6]

Grants

ImpactAssets donates to a wide variety of nonprofits, including universities, churches, think tanks, and poverty-relief groups. The fund also gives to numerous left-of-center nonprofits and other donor-advised funds which support left-of-center causes. [7]

In 2019, some of ImpactAssets largest nonprofit recipients were other ideologically left-progressive donor-advised fund providers. The fund gave $4 million to the Tides Foundation, $1.2 million to National Philanthropic Trust,  $870,000 to New Venture Fund, $550,000 to NEO Philanthropy, $484,000 to the Social Good Fund, and $139,000 to the Women Donors Network. [8]

In 2019, ImpactAssets donated to numerous groups that support liberal immigration policies, including giving $625,000 to the American Immigration Council, $575,000 to the National Immigration Forum, and $350,000 to the Immigrant Legal Resource Center. [9]

Other left-of-center grant recipients from 2019 include $2.7 million to the Foundation for Civic Leadership, $1.2 million to the Movement Strategy Center, $750,000 to the Voter Registration Project. $525,000 to the Vera Institute of Justice, $267,000 to the Center for Popular Democracy, $257,000 to Earthjustice, $253,000 to Planned Parenthood, $250,000 to the Right to the City Alliance, and $97,000 to the American Civil Liberties Union (ACLU). [10]

References

  1. “ImpactAssets Celebrates Ten-Year Anniversary As Assets Top $1 Billion.” ImpactAssets. June 27, 2019. Accessed September 27, 2021. https://www.impactassets.org/news/detail/impactassets-celebrates-ten-year-anniversary-as-assets-top-1-billion. ^
  2. “Donor Advised Fund.” ImpactAssets. Accessed September 27, 2021. https://www.impactassets.org/our_products/donor-advised-fund. ^
  3. “Custom Investments.” ImpactAssets. Accessed September 27, 2021. https://www.impactassets.org/files/GE581F_IA_DAF_Custom_Investments_Fact_Sheet_2020.pdf. ^
  4. “ImpactAssets Celebrates Ten-Year Anniversary As Assets Top $1 Billion.” ImpactAssets. June 27, 2019. Accessed September 27, 2021. https://www.impactassets.org/news/detail/impactassets-celebrates-ten-year-anniversary-as-assets-top-1-billion. ^
  5. “2021 Impact Report.” ImpactAssets. Accessed September 27, 2021. https://docsend.com/view/6w4he9nwzyfffqxd. ^
  6. “2021 Impact Report.” ImpactAssets. Accessed September 27, 2021. https://docsend.com/view/6w4he9nwzyfffqxd. ^
  7. “ImpactAssets Inc.” ProPublica. Accessed September 27, 2021. https://projects.propublica.org/nonprofits/display_990/262048480/04_2021_prefixes_25-26%2F262048480_201912_990_2021040217861179. ^
  8. “ImpactAssets Inc.” ProPublica. Accessed September 27, 2021. https://projects.propublica.org/nonprofits/display_990/262048480/04_2021_prefixes_25-26%2F262048480_201912_990_2021040217861179. ^
  9. “ImpactAssets Inc.” ProPublica. Accessed September 27, 2021. https://projects.propublica.org/nonprofits/display_990/262048480/04_2021_prefixes_25-26%2F262048480_201912_990_2021040217861179. ^
  10. “ImpactAssets Inc.” ProPublica. Accessed September 27, 2021. https://projects.propublica.org/nonprofits/display_990/262048480/04_2021_prefixes_25-26%2F262048480_201912_990_2021040217861179. ^

Directors, Employees & Supporters

  1. Liesel Pritzker Simmons
    Officer/Board Member
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: April 1, 2009

  • 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
    2019 Dec Form 990 $734,781,486 $114,731,627 $1,129,447,893 $16,475,315 Y $691,213,105 $250,758 $20,126,685 $1,029,703 PDF
    2018 Dec Form 990 $219,620,965 $152,600,901 $474,316,071 $15,301,927 Y $204,630,318 $237,643 $12,258,142 $775,682 PDF
    2017 Dec Form 990 $131,779,929 $42,540,942 $423,233,659 $14,957,091 Y $110,564,335 $266,905 $8,250,950 $645,987 PDF
    2016 Dec Form 990 $63,840,269 $30,281,278 $318,132,444 $13,447,808 Y $52,805,452 $322,904 $10,150,412 $615,276 PDF
    2015 Dec Form 990 $115,045,966 $30,871,190 $266,481,023 $13,558,909 Y $107,784,162 $274,653 $5,206,334 $589,024 PDF
    2014 Dec Form 990 $109,485,998 $24,956,918 $179,388,950 $3,108,859 Y $105,040,577 $277,462 $2,903,739 $199,161 PDF
    2013 Dec Form 990 $32,975,030 $22,118,176 $96,733,140 $4,190,669 N $29,967,233 $232,839 $1,623,682 $201,180 PDF
    2012 Dec Form 990 $35,393,201 $8,597,930 $80,867,661 $3,089,685 Y $34,498,042 $122,007 $684,838 $171,269 PDF
    2011 Dec Form 990 $15,424,928 $4,737,011 $49,526,483 $891,823 Y $14,925,267 $0 $445,845 $142,300 PDF

    Additional Filings (PDFs)

    ImpactAssets Inc.

    4340 EAST WEST HWY STE 210
    BETHESDA, MD 20814-4653