The City Fund

The City Fund is an education organization that funds initiatives that promote the growth of charter schools and other school choice organizations. It also funds activist organizations that support increasing charter school access and school choice programs.

At-A-Glance

Founded:

2018

Managing Partner:

Neerav Kingsland

Location: Falls Church, VA View on map
Tax ID: 82-4938743
Most Recent Filing: 2025
Budget (2025): Assets: $59,707,884 Revenue: $58,768,233 Expenses: $127,313,744

Contents

    In June 2022, it was reported that one of the organizations it backed, Brightbeam, was led by a CEO who had engaged in race-based criticism of black conservatives. 1

    Overview

    The City Fund is an education organization that funds initiatives that promote the growth of charter schools and other school choice organizations. It set a goal of funding charter and charter-like schools in 40 cities within 10 years. 2

    The fund was established in 2018 with the intent of scaling up what it was as successful education reform ideas nationally. The cities that the fund identified as successful city-wide models of education reform were Denver, Washington, D.C., and New Orleans. All three cities utilize charter schools and school choice programs on a large scale. 3

    By December 2018, the fund had raised $189 million and spent $15 million in seven cities. A goal of the organization is to have charter schools serve 2 percent of all U.S. students and 5 percent of low-income students by 2023. 2

    Goals and Activities

    The City Fund has three major goals. The first is an expanded charter school sector that services at least 30-50 percent of students. The plan is to create more competition for students between them and traditional public schools which should improve performance at both. 2

    The second goal is more accountability, through using a performance rubric to expand the city’s best schools and close the worst performing schools, regardless of type. 2

    The third goal is equity. It seeks to achieve this by injecting choice into traditional public schools. 2

    One thing that is not a part of the fund’s approach is more money for traditional public schools. It emphasizes that these reforms can be achieved through existing budgets and philanthropy had a role to play. 2

    By February 2020, the organization had spent more than $110 million to develop charter and charter-like schools all over the United States. 4

    Brightbeam Controversy

    One of the organizations funded by the City Fund was a school choice advocacy group called Brightbeam. Its CEO is former Minneapolis School Board member Chris Stewart. 1

    A June 2022 article in the Chalkboard Review alleged that Stewart had made numerous racially charged statements. Among the statements detailed was Stewart’s racist attacks on Black conservatives, opponents of the far-left critical race theory, and those who did not agree with him that America is inherently racist. 1

    Leadership

    Neerav Kingsland is the managing partner of the organization. Previously, he was the CEO of New Schools of New Orleans. 5

    Kamleeah Shaheed-Diallo is the operating partner of the organization. Previously, she was senior vice president of strategy and community engagement for The Mind Trust. 5

    Finances

    According to the only tax return publicly available as of mid-2022 which covers through June 2019, The City Fund received contributions worth $78,982,333 and spent $55,124,298. It had assets worth $39,965,929. 6

    It has disclosed that it has received funding from the Hastings Fund, the Arnold Foundation, the Dell Foundation, the Gates Foundation, the Walton Family Foundation, and the Ballmer Group. 3

    In 2018, the group received a $19,088,965 grant from the Arnold Foundation. 7

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $59,707,884 $58,768,233 $127,313,744 View
    2024 $118,681,087 $118,596,237 $98,489,750 View
    2023 $108,692,498 $55,405,330 $55,448,793 View
    2022 $118,722,969 $115,823,271 $86,900,051 View
    2021 $65,263,828 $116,584,341 $79,393,094 View
    2020 $28,108,708 $66,766,646 $68,306,907 View

    Prior year filings: 2019

    Revenue Detail

    Expenses Detail

    Employee Compensation

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Marlon MarshallCEO$632,075
    Kevin ShaferPRESIDENT$567,373
    Gary Vernon BordenPARTNER$542,874
    Jessica PenaPARTNER$519,361
    Natasha WilliamsCFO$504,088
    Kameelah Shaheed-DialloPARTNER$502,481
    Christopher Jeffrey BarbicPARTNER$484,849
    Patrick DobardPARTNER$484,713

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $252,566,537
    • Number of Grants: 34
    • Number of Funders: 14

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

    AmountYearFunderSubject
    $31,500,0002024 Silicon Valley Community Foundation
    $25,000,0002023 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $17,265,0182020 Arnold VenturesTO PROVIDE GENERAL OPERATING SUPPORT.
    $17,229,8022021 Arnold VenturesTO PROVIDE GENERAL OPERATING SUPPORT.
    $15,000,0002021 Walton Family FoundationTo support a local education reform agenda across mature cities nationally.
    $12,500,0002024 Arnold VenturesTO PROVIDE GENERAL OPERATING SUPPORT TO SUPPORT GRANTEE'S EFFORTS TO PARTNER WITH LOCAL LEADERS TO CREATE INNOVATIVE PUBLIC SCHOOL SYSTEMS, WITH THE OVERALL GOAL OF IMPROVING THE QUALITY OF PUBLIC EDUCATION IN CITIES ACROSS THE UNITED STATES.
    $7,417,4562020 Silicon Valley Community Foundation
    $6,790,2072020 Silicon Valley Community Foundation
    $6,450,0002024 Campaign for Great Public SchoolsTO PROVIDE GENERAL SUPPORT
    $5,000,0002024 Gs Donor Advised Philanthropy Fund for Wealth Management IncCOMMUNITY & HUMAN SERVICES
    $5,000,0002022 Gs Donor Advised Philanthropy Fund for Wealth Management IncCOMMUNITY & HUMAN SERVICES
    $5,000,0002021 Gs Donor Advised Philanthropy Fund for Wealth Management IncCOMMUNITY & HUMAN SERVICES
    $5,000,0002020 Gs Donor Advised Philanthropy Fund for Wealth Management IncCOMMUNITY & HUMAN SERVICES
    $4,427,9092020 Silicon Valley Community Foundation
    $4,000,0002024 Gates FoundationK-12 EDUCATION
    $4,000,0002023 Gates FoundationTo improve the enabling conditions for state charter school growth and quality
    $2,500,0002023 Charter FundCHARTER SCHOOL CAPACITY-BUILDING
    $2,000,0002022 Pharos FoundationGENERAL CHARITABLE SUPPORT
    $1,600,0002024 Charles and Helen Schwab FoundationFounded by Reed Hastings, The City Fund is an intermediary that provides capital to "educaton champion" organizations in 19 cities across the U.S. that are driving quality charter school growth, community organizing, and local ecosystem leadership.
    $1,500,0002023 Pharos FoundationGENERAL CHARITABLE SUPPORT
    $1,323,0002024 The Haslam 3 Foundation IncGROW ACCESS TO HIGH QUALITY SCHOOLS
    $1,141,7502020 Arnold VenturesTO IMPROVE THE QUALITY OF PUBLIC EDUCATION IN CITIES ACROSS THE UNITED STATES.
    $1,000,0002022 Beth and Ravenel Curry FoundationUNRESTRICTED
    $1,000,0002021 Silicon Valley Community Foundation
    $625,0002020 Walton Family FoundationCoordinate and fund the creation of city strategies designed to directly create high-quality, autonomous schools

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $373,096,285
    • Number of Grants: 381
    • Number of Recipients: 189

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

    AmountYearFunderSubject
    $14,957,5002021 The Mind Trust IncOPERATING SUPPORT
    $12,547,5002022 Education Forward DCOPERATING SUPPORT
    $11,339,0002023 The Mind Trust IncTO SUPPORT GRANTEE'S COMMUNICATIONS CAPACITY, STAKEHOLDER ENGAGEMENT, AND STORYTELLING IN INDIANAPOLIS
    $10,505,1582022 Camden Education Fund IncOPERATING SUPPORT
    $10,218,3342021 New Schools for Baton RougeOPERATING SUPPORT, SCHOOL LAUNCH
    $9,965,8332020 New Schools for Baton RougeOPERATING SUPPORT
    $9,852,5002022 THE OPPORTUNITY TRUSTOPERATING SUPPORT
    $9,732,5002022 CITY EDUCATION PARTNERSOPERATING SUPPORT
    $9,133,0002024 The Mind Trust IncTO SUPPORT CAPACITY DEVELOPMENT OF SENIOR LEADERSHIP
    $8,549,5002022 RootEDOPERATING SUPPORT
    $7,499,0002020 The Mind Trust IncOPERATING SUPPORT
    $7,275,0002021 New Jersey Children's FoundationOPERATING SUPPORT
    $6,836,0002024 Education Forward DCTO EXPAND ACCESS TO HIGH-QUALITY SCHOOLS FOR DC STUDENTS AND FAMILIES
    $6,600,0002024 New Jersey Children's FoundationTO SUPPORT GRANTEE'S WORK THAT AIMS TO BUILD AND SUSTAIN THE CONDITIONS FOR EXPANSION OF GREAT PUBLIC SCHOOLS IN NEWARK, NEW JERSEY
    $6,545,0002023 CITY EDUCATION PARTNERSTO SUPPORT PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR ORGANIZATIONAL LEADERSHIP
    $6,525,0002021 Education Forward DCOPERATING SUPPORT
    $6,000,0002024 Fort Worth Education Partnership IncTO ADVANCE FT. WORTH EDUCATION PARTNERSHIPS GOAL TO ADD 50,000 QUALITY SEATS BY 2035 WITH SUPPORT FOR NONPROFIT SEAT GROWTH, COMMS AND ADVOCACY CAPACITY, EXPANDED VOTER MOBILIZATION EFFORTS, AND INTERNAL OPERATIONS
    $5,228,3342022 New Schools for Baton RougeOPERATING SUPPORT
    $5,150,0002023 RootEDTO SUPPORT THE SUCCESSFUL MERGER OF CHARTER MANAGEMENT ORGANIZATIONS IN DENVER
    $4,760,0002020 Education Forward DCOPERATING SUPPORT
    $4,740,0002020 Camden Education Fund IncOPERATING SUPPORT
    $4,467,5002021 Camden Education Fund IncOPERATING SUPPORT
    $4,100,0002024 CITY EDUCATION PARTNERSTO SUPPORT GRANTEE'S NON-LOBBY ADVOCACY WORK, INCREASE QUALITY SEATS, STRONGER TALENT, BETTER COMMUNICATIONS, AND GENERAL OPERATIONS
    $4,050,0002023 THE OPPORTUNITY TRUSTTO PROVIDE GENERAL SUPPORT FOR GRANTEE TO EXECUTE ON ITS ANNUAL GOALS
    $3,950,0002023 New Schools for Baton RougeTO INCREASE THE NUMBER OF HIGH-QUALITY EDUCATIONAL OPTIONS IN FT. WORTH

    References

    1. Kinnett, Tony. “The Racist Who Suckered Millions From Education Reform.” Chalkboard Review. June 28, 2022. https://thechalkboardreview.com/the-racist-who-suckered-millions-from-education-reform/.
    2. Barnum, Matt. “Leaked Presentation Offers New Details On Plans To Spread The New Orleans, Denver School Model.” Chalkbeat. Aug. 21, 2018 https://www.chalkbeat.org/2018/8/21/21106369/40-cities-in-10-years-leaked-presentation-offers-more-details-on-new-group-s-goals-to-spread-charter.
    3.  Snyder, Steve. “74 Interview: ‘The City Fund’ Founders Talk About Their New Campaign To Identify America’s Most Innovative Public School Systems And The First Metro Areas Where They’ll Be Investing.” The 74 Million. Dec. 9, 2018. https://www.the74million.org/article/74-interview-the-city-fund-founders-talk-about-their-new-campaign-to-identify-americas-most-innovative-public-school-systems-and-the-first-metro-areas-where-theyll/.
    4. Barnum, Matt. “The City Fund Has Given Out Over $100 Million To Support Charter And Charter-Like Schools.” Chalkbeat. Feb. 21, 2020. https://www.chalkbeat.org/2020/2/21/21178789/a-major-new-player-in-education-giving-the-city-fund-uses-over-100-million-in-grants-to-grow-charter.
    5. “Our Team.” The City Fund. Accessed July 11, 2022. https://city-fund.org/our-team/.
    6. The City Fund. Return of an Organization Exempt From Income Tax (Form 990). 2019. Accessed July 11, 2022. https://projects.propublica.org/nonprofits/organizations/824938743/202001959349300800/full.
    7. “The City Fund.” Arnold Ventures. Accessed July 11, 2022. https://www.arnoldventures.org/grants/the-city-fund-1.