Non-profit

Opportunity Fund

Website:

www.theopportunityfund.org/

Location:

PITTSBURGH, PA

Tax ID:

38-7132674

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $1,314,630
Expenses: $306,521
Assets: $12,558,138

Type:

Left-of-center grantmaking organization

The Opportunity Fund is a left-of-center grantmaking organization that is based in Pittsburgh and focuses on grantmaking in Western Pennsylvania. The Fund awards grants to organizations and enterprises that advance left-of-center social and economic policies, with particular focus on African-American and LGBT-interest advocacy. The Fund also provides grants to organizations involved in performing and visual arts. [1]

Overview and Activities

In December of 2019, the Opportunity Fund announced that in its eighth cycle of funding, it established grants totaling $896,200. Since its founding in 2015, the Opportunity Fund has awarded 421 grants totaling over $5.3 million. Notable recipients include the left-wing Alliance for Global Justice (AFGJ), the Abolitionist Law Center, and the Women’s Law Project. [2]

In 2020 alone, the Opportunity Fund awarded 53 grants to left-of-center, Pittsburgh-based organizations, totaling $638,500. In April 2020, the Fund created a $500,000 COVID-19 Response Fund for previous applicants to receive funding throughout the COVID-19 pandemic. Most of these grants went to support performing arts organizations that had their operations halted during the pandemic, including Alia Musica Pittsburgh and Chatham Baroque. [3]

The Opportunity Fund also initiated the Investing in Professional Artists performing arts grantmaking program with the Pittsburgh Foundation and Heinz Endowments. Together, the grantmaking organizations have awarded $170,000 since June of 2020 to both individual artists and Pittsburgh-based organizations to support public art. [4]

Leadership

Jake Goodman is the executive director of the Opportunity Fund. [5] Goodman has argued that “racism and white supremacy and anti-Blackness are baked and caked onto every American system, and into American life and into our own bodies as white people.” [6]

References

  1. “THE ARTS, AND SOCIAL & ECONOMIC JUSTICE.” Opportunity Fund | Grants for The Arts, and Social and Economic Justice. Accessed September 28, 2020. https://www.theopportunityfund.org/. ^
  2. Wilhelm, Tiffany. “OPPORTUNITY FUND PROVIDES $896,200 IN GRANTS TO THE ARTS AND SOCIAL & ECONOMIC JUSTICE | Opportunity Fund.” Opportunity Fund | Grants for The Arts, and Social and Economic Justice. Last modified December 3, 2019. https://www.theopportunityfund.org/2019/12/03/awards-2019c2/. ^
  3. Maruca, Julia. “Local Fund Awards More Than $630,000 to Pittsburgh Arts and Social Justice Organizations.” Pittsburgh City Paper. Last modified June 26, 2020. https://www.pghcitypaper.com/pittsburgh/local-fund-awards-more-than-630000-to-pittsburgh-arts-and-social-justice-organizations/Content?oid=17527515. ^
  4. “Investing in Professional Artists Announces $170,000 in Grants | The Pittsburgh Foundation.” The Pittsburgh Foundation The Pittsburgh Foundation. Last modified June 24, 2020. https://pittsburghfoundation.org/ipa-2020. ^
  5. “Opportunity Fund Team.” Opportunity Fund | Grants for The Arts, and Social and Economic Justice. Accessed September 28, 2020. https://www.theopportunityfund.org/#ourteam. ^
  6. Maruca, Julia. “Local Fund Awards More Than $630,000 to Pittsburgh Arts and Social Justice Organizations.” Pittsburgh City Paper. Last modified June 26, 2020. https://www.pghcitypaper.com/pittsburgh/local-fund-awards-more-than-630000-to-pittsburgh-arts-and-social-justice-organizations/Content?oid=17527515. ^
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: December 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
    2015 Dec Form PF $1,314,630 $306,521 $12,558,138 $3,727 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Opportunity Fund

    5126 PENN AVE
    PITTSBURGH, PA 15224-1616