Toniic Institute

The Toniic Institute is a left-of-center organization aligned with the environmental, social, and governance movement that advocates for shareholder divestment from non-weather-dependent sources of energy, increased investment in weather-dependent sources of energy, and the adoption of corporate hiring and workplace policies that prioritize race and gender in hiring, as well as broader social policies focused on race.

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At-A-Glance

Type: Non-profit, 501(c)(3)
Issue Areas: Economic Policy
Website: toniic.com
CEO:

Adam Bendell

Location: San Francisco, CA View on map
Tax ID: 46-4355039
Most Recent Filing: 2024
Budget (2024): Assets: $2,906,326 Revenue: $3,586,904 Expenses: $3,160,545

Contents

    Background

    The Toniic Institute was founded in 2013 by Morgan Simon. 1 Simon founded the organization after working for the United Nations in Honduras, for ForestEthics, and for the Women’s Initiative for Self-Employment. 1

    Investment Consulting

    In 2020 the Toniic Institute provided investment consulting services to its 226 members, which include individual investors, foundations, and family investment offices. 2

    The Toniic Institute’s consulting services are informed by the United Nations Sustainable Development Goals’ 17 factors. Investors are advised on how they can align their investments with those factors, which include increasing worldwide reliance on weather-dependent energy, reducing in food and energy consumption, and heightening restraints on corporate decision-making. 3

    Toniic Investment advocates for an investment policy referred to as “100% activation.” 3 Clients that adopt this investment strategy transition all of their assets to investments in line with the 17 United Nations Sustainable Development Goals. 3

    The Toniic Institute publishes the T100 Report, a manual that encourages investors to adopt the 100% activation model. 4  The report asserts that an investment portfolio completely aligned with the United Nations Sustainable Development Goals will underperform benchmarks over a three-year horizon, but would likely outperform benchmarks over a seven-year horizon. 5

    Finances

    In 2020 the Toniic Institute received $2,022,709 in contributions, 6 $728,063 in program service revenue, 7 and $2,750,882 in total revenue. 8 The same year, the organization incurred $2,791,176 in expenses 9 and had $1,483,312 in net assets. 10

    Leadership

    Adam Bendell is the CEO of the Toniic Institute. Prior to joining the Toniic Institute, Bendell was the chief innovation officer of FTI Consulting, a global consulting firm. 11 Bendell received a bachelor of arts from Cornell University and a law degree from the University of Chicago Law School. 11

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2024 $2,906,326 $3,586,904 $3,160,545 View
    2023 $2,687,795 $2,906,782 $3,054,986 View
    2022 $2,483,628 $3,361,131 $2,842,437 View
    2021 $2,385,414 $2,868,693 $2,769,846 View
    2020 $2,080,977 $2,750,882 $2,791,176 View

    Prior year filings: 2019, 2018, 2017, 2015, 2014

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 13

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Adam BendellPRESIDENT/CEO$236,740
    Dario Gabriele ParzialeMANAGING DIRECTOR, PROGRAM & OPS$160,000
    Dipti PrattMANAGING DIRECTOR, GLOBAL MEMBERSHIP$153,000
    Sean ChiassonDIR. OF FINANCE & OPERATIONS$102,789
    Dara ParkerCEO$40,269

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $6,953,698
    • Number of Grants: 77
    • Number of Funders: 29

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

    AmountYearFunderSubject
    $450,0002024 John D. and Catherine T. MacArthur Foundationfor general operating support.
    $450,0002021 John D. and Catherine T. MacArthur FoundationTo support general operations.
    $300,0002021 New Venture FundCAPACITY BUILDING
    $300,0002020 New Venture FundCAPACITY BUILDING
    $200,0002024 John D. and Catherine T. MacArthur FoundationIn support of general operations.
    $180,0002020 The Ford FoundationFor general support to deepen and expand the practice of leading impact investors
    $175,0002024 New Venture FundTECHNOLOGY AND INNOVATION
    $150,0002022 The Ford FoundationFor general support to deepen and expand the practice of impact investing
    $150,0002021 The Ford FoundationFor general support to deepen and expand the practice of leading impact investors
    $100,0002021 Silicon Valley Community Foundation
    $66,7502021 ImpactAssetsGENERAL SUPPORT
    $50,0002020 ImpactAssetsGENERAL SUPPORT
    $33,3332021 Tara Health FoundationGENERAL OPERATING SUPPORT
    $27,5002024 Donor Advised Charitable Giving, Inc.PUBLIC, SOCIETAL BENEFIT
    $25,0002023 The Kl Felicitas FoundationGENERAL SUPPORT
    $25,0002023 PayPal Giving Fund
    $25,0002022 The Kl Felicitas FoundationGENERAL SUPPORT
    $25,0002021 Tara Health FoundationGENERAL OPERATING SUPPORT
    $10,0002023 Donor Advised Charitable Giving, Inc.PUBLIC, SOCIETAL BENEFIT
    $8,5002024 Kamath Family FoundationGeneral & Unrestricted
    $8,0002022 Max M. and Marjorie S. Fisher Foundation, Inc.Membership
    $7,5002024 Max M. and Marjorie S. Fisher Foundation, Inc.2025 membership
    $7,5002024 Max M. and Marjorie S. Fisher Foundation, Inc.2024 Membership Dues
    $5,0002021 Tara Health FoundationMEMBERSHIP
    $5,0002021 Donor Advised Charitable Giving, Inc.PUBLIC, SOCIETAL BENEFIT

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    Financials, employee compensation, and grant information provided by Candid.

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    ESG Activism

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    References

    1. “Morgan Simon.” Toniic. https://toniic.com/morgan-simon/
    2.  Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part III, line 4(a).
    3. “Impact Investing – the Toniic Approach.” Toniic Institute. https://toniic.com/impact-investing/
    4. [1] “T100 Focus Report.” Toniic. https://toniic.com/t100-focus-report-foundations-on-the-road-to-100/
    5. “T100 Focus Report.” Toniic. https://toniic.com/t100-focus-report-foundations-on-the-road-to-100/
    6. Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part I, line 8.
    7. Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part I, line 9.
    8. Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part I, line 12.
    9. Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part I, line 18.
    10. [1] Toniic Institute. Return of Organization Exempt from Income Tax (Form 990). 2020. Part I, line 22.
    11. “Adam Bendell.” Toniic. https://toniic.com/adam-bendell/