NonprofitsAcumen Fund Inc

International, Foreign Affairs & National Security

Acumen Fund Inc

NEW YORK, NY

Total revenue

$46.4M

Total expenses

$34.2M

Net assets

$204.1M

Grants received

$83.5M

255 grants

EIN

134166228

Tax year

2024

Mission

Acumen's mission is to change the way the world tackles poverty by investing in companies, leaders and ideas.acumen is a global force of entrepreneurs, investors, philanthropists, and social innovators working together to build a world based on dignity. We were founded by jacqueline novogratz on the radical idea that business, when cultivated with moral imagination, can break the cycle of poverty. We invest in transformational companies, build sustainable markets, and prepare leaders with the tools they need to create a more just and inclusive future. Since 2001, we have scaled companies and shaped markets in some of the hardest-to-reach communities on the planet, impacting over half-a-billion lives.

Programs

2 programs

Insights & impact:the goal of the insights and impact teams at acumen is to support the mission of solving problems poverty through data-driven strategies. We do this by building models, sharing the insights from our work and holding ourselves and our peers accountable. Our impact measurement and management framework helps us define and measure our impact, including breadth and depth of impact. Through 2024, acumen has reached over 719 million lives impacted through our patient capital and for-profit investments.

Expenses: $4.5MGrants: $750

Fellows & leadership programs:we prepare leaders with the tools, capital and community they need to build scalable solutions to poverty. Our recently launched-learning engagement platform offers a full-service space for entrepreneurs and fellows to engage with each other. Acumen academy's has grown to more than 1800 fellows, has awarded 99 early-stage grants to foundry members and facilitated over 1.3 million online course sign-ups. Through academy organizations and companies, we have reached 71 million lives impacted.

Expenses: $4.2MGrants: $1.0M

Financials

FY 2024

Revenue

Contributions & grants$44.1M
Program service revenue$1.5M
Investment income$273K
Other revenue$506K
Total revenue$46.4M

Expenses

Grants paid$4.5M
Salaries & benefits$16.5M
Fundraising$3.7M
Other expenses$13.1M
Total expenses$34.2M
Total assets$217.5M
Net assets$204.1M

People

28 listed

NameRoleCompensation

JACQUELINE NOVOGRATZ

CEO & DIRECTOR

Board

$393K

39.5 hrs/wk

CARLYLE SINGER JONES

PRESIDENT

Board

$352K

39.5 hrs/wk

LYNN ROLAND

BOARD SECRETARY/GENERAL COUNSEL

Board

$284K

35 hrs/wk

JACQUELINE WOO

CFO (THRU 8/9/24)

Board

$194K

39.5 hrs/wk

SHAIZA RIZAVI

BOARD CHAIR (THRU 03/31/24)

Board

1 hrs/wk

JUAN CARLOS MORA URIBE

DIRECTOR (FROM 10/2/24)

Board

1 hrs/wk

HANS TAPARIA

DIRECTOR

Board

1 hrs/wk

ANDREA SOROS COLOMBEL

DIRECTOR

Board

1 hrs/wk

THULASIRAJ RAVILLA

DIRECTOR

Board

1 hrs/wk

KAREN PATERSON

DIRECTOR

Board

1 hrs/wk

KIRSTEN NEVILL-MANNING

DIRECTOR

Board

1 hrs/wk

CRISTINA LJUNGBERG

DIRECTOR

Board

1 hrs/wk

NATE LAURELL

DIRECTOR

Board

1 hrs/wk

C HUNTER BOLL

DIRECTOR (THRU 3/31/24)

Board

1 hrs/wk

MATTHEW COUREY

DIRECTOR

Board

1 hrs/wk

KATHLEEN CHEW WAI LIN

DIRECTOR

Board

1 hrs/wk

NATE LAURELL

BOARD CHAIR (FROM 4/1/24)

Board

1 hrs/wk

MARGO ALEXANDER

DIRECTOR (THRU 3/31/24)

Board

1 hrs/wk

AMRITA BHANDARI

CHIEF OF INSIGHTS & STRATEGY

Staff

$293K

40 hrs/wk

YASMINA ZAIDMAN

CHIEF OF DEVELOPMENT & PARTNERSHIPS

Staff

$282K

40 hrs/wk

KATHERINE PARKER

CHIEF OF ACADEMY

Staff

$270K

40 hrs/wk

CATHERINE C NANDA

DIRECTOR, ACUMEN AMERICA

Staff

$252K

0

JIWOO CHOI

CHIEF OF STRATEGIC INITIATIVES

Staff

$247K

40 hrs/wk

JULES SAMAIN

MANAGING DIRECTOR, H2R

Staff

$231K

40 hrs/wk

AMON ANDERSON

DIRECTOR, ACUMEN AMERICA

Staff

$220K

0

ALEXANDRA GORDON

CHIEF OF COMMUNICATIONS

Staff

$207K

40 hrs/wk

SANDRA HALILOVIC

DIRECTOR OF INVESTMENTS, H2R

Staff

$201K

40 hrs/wk

SARAH BIEBER

DIRECTOR, DEVELOPMENT & PARTNERSHIPS

Staff

$197K

40 hrs/wk

Independent contractors

60 DECIBELS INC

IMPACT MEASUREMENT

$509K

DLIGHT DESIGN INC

SOLAR ENERGY AND ULTRA-EFFI. PRODUCTS

$329K

RSM US LLP

ACCOUNTING SERVICES

$285K

41 BRIDGE PARTNERS LLC

RECRUITING

$238K

ANNA MARIE EVENTS INC

EVENT PLANNING

$238K

Grants received

Showing 200 of 255

FromAmountPurposeYear
$3M
TO SUPPORT CLEAN, RENEWABLE ENERGY ACCESS TO COMMUNITIES IN 16 LEAST DEVELOPED AFRICAN COUNTRIES.
2024
$2.0M
COMMUNITY & HUMAN SERVICES
2024
$1.9M
TO PROVIDE TECHNICAL ASSISTANCE
2024
$1M
ECONOMIC OPPORTUNITY - GLOBAL
2024
$650K
GENERAL
2024
$250K
GENERAL SUPPORT
2024
$245K
GENERAL SUPPORT
2024
$150K
GENERAL SUPPORT
2024
$120K
UNRESTRICTED GENERAL SUPPORT
2024
$100K
Community Development
2024
$100K
PROMOTION OF BUSINESS TO CREATE A GLOBAL COMMUNITY OF EMERGING LEADERS
2024
$54K
GENERAL SUPPORT
2024
$50K
SUPPORT CHARITABLE ACTIVITY
2024
$50K
INTERNATIONAL
2024
$46K
ADVANCING PHILANTHROPY
2024
$30K
General & Unrestricted
2024
$10K
GENERAL SUPPORT
2024
$10K
UNRESTRICTED FLEXIBLE CAPITAL
2024
$10K
Alleviate poverty
2024
$6K
GENERAL SUPPORT
2024
$5K
GENERAL PURPOSES
2024
$1K
GENERAL OPERATING SUPPORT
2024
$1K
General Support
2024
$10.0M
Community Development
2023
$4.7M
COMMUNITY & HUMAN SERVICES
2023
$4.5M
INTERNATIONAL, FOREIGN AFFAIRS
2023
$4M
General
2023
$1M
CHARITABLE DONATION
2023
$405K
FOR DONEE'S EXEMPT PURPOSE
2023
$267K
For grant recipient's exempt purposes
2023
$250K
UNRESTRICTED
2023
$250K
GENERAL SUPPORT
2023
$220K
GENERAL SUPPORT
2023
$183K
GENERAL SUPPORT
2023
$150K
GENERAL SUPPORT
2023
$100K
UNRESTRICTED GENERAL SUPPORT
2023
$100K
PROMOTION OF BUSINESS TO CREATE A GLOBAL COMMUNITY OF EMERGING LEADERS
2023
$75K
DONEE'S TAX EXEMPT PURPOSE
2023
$75K
TO FULFILL ORGANIZATION'S CHARITABLE PURPOSE.
2023
$55K
PROGRAM/OPERATING SUPPORT
2023
$50K
INTERNATIONAL
2023
$50K
acumen america gift to support three investment pillars of health, financial inclusion, and workforce development
2023
$30K
General & Unrestricted
2023
$23K
TO CONDUCT MARKET RESEARCH ON EMPLOYER-SUPPORTED CHILDCARE IN UGANDA AND ETHIOPIA
2023
$20K
UNRESTRICTED
2023
$20K
GENERAL OPERATING
2023
$20K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$10K
OPERATING EXPENSES
2023
$10K
ECONOMIC OPPORTUNITY
2023
$10K
GENERAL SUPPORT
2023
$10K
Community Improvement, Capacity Bui
2023
$10K
ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES
2023
$10K
Alleviate poverty
2023
$10K
GENERAL CHARITABLE
2023
$6K
GENERAL SUPPORT
2023
$2K
GENERAL SUPPORT
2023
$1K
GENERAL OPERATING SUPPORT
2023
$544
GENERAL OPERATING SUPPORT
2023
$100
PROGRAM/OPERATING SUPPORT
2023
$3.5M
INTERNATIONAL, FOREIGN AFFAIRS
2022
$3.5M
General
2022
$2M
TO SUPPORT INVESTMENTS AND PROVIDE TECHNICAL ASSISTANCE TO REFUGEE OWNED AND SERVING BUSINESSES IN UGANDA AND ETHIOPIA
2022
$1.5M
ACUMEN'S PIONEER ENERGY INVESTMENT INITIATIVE - PLUS
2022
$1.5M
FOR DONEE'S EXEMPT PURPOSE
2022
$1M
CHARITABLE DONATION
2022
$627K
COMMUNITY & HUMAN SERVICES
2022
$550K
GENERAL
2022
$500K
GENERAL OPERATING SUPPORT
2022
$496K
IN SUPPORT OF CULTIVATING FOOD SYSTEMS LEADERS EQUIPPED TO DRIVE FOOD SYSTEMS TRANSFORMATION
2022
$438K
PROGRAMS AND GENERAL SUPPORT
2022
$378K
PUBLIC, SOCIETAL BENEFIT
2022
$265K
For grant recipient's exempt purposes
2022
$189K
GENERAL SUPPORT
2022
$180K
Community Development
2022
$150K
Medicaid Innovation Collaborative (MIC) - Tech-enabled Innovation in Medicaid to Advance Health Equity
2022
$100K
TO SUPPORT GENERAL OPERATIONS
2022
$75K
PROMOTION OF BUSINESS TO CREATE A GLOBAL COMMUNITY OF EMERGING LEADERS
2022
$75K
General & Unrestricted
2022
$67K
GENERAL SUPPORT
2022
$56K
COMMUNITY HEALTH
2022
$55K
PROGRAM/OPERATING SUPPORT
2022
$50K
PROGRAM/OPERATING SUPPORT
2022
$50K
DONEE'S TAX EXEMPT PURPOSE
2022
$50K
TO FULFILL ORGANIZATION'S CHARITABLE PURPOSE.
2022
$50K
work of Acumen America, supporting their three investment pillars of health, financial inclusion, and workforce development
2022
$50K
GENERAL OPERATING SUPPORT
2022
$35K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$30K
General & Unrestricted
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$20K
ALL CONTRIBUTIONS MADE FOR THE INTENT ESTABLISHED BY THE VARIOUS CHARITIES
2022
$20K
UNRESTRICTED
2022
$20K
GENERAL OPERATING SUPPORT
2022
$20K
GENERAL OPERATING
2022
$15K
Charitable operations
2022
$10K
GENERAL CHARITABLE PURPOSES
2022
$10K
ECONOMIC OPPORTUNITY
2022
$10K
GENERAL SUPPORT
2022
$10K
Development Partner Contribution
2022
$10K
Alleviate poverty
2022
$10K
UNRESTRICTED CHARITIBLE PURPOSE
2022
$7K
for general operations
2022
$5K
CHARITABLE FUNDRAISING EVENT
2022
$5K
GENERAL OPERATING SUPPORT
2022
$3K
GENERAL OPERATING SUPPORT
2022
$3K
GENERAL OPERATING SUPPORT
2022
$2K
GENERAL SUPPORT
2022
$2.3M
INTERNATIONAL, FOREIGN AFFAIRS
2021
$1M
GENERAL OPERATING SUPPORT
2021
$365K
PUBLIC, SOCIETAL BENEFIT
2021
$300K
GENERAL OPERATING SUPPORT
2021
$300K
TO PROVIDE GENERAL SUPPORT TO THE ORGANIZATION'S GLOBAL PROGRAMS SERVING LOW-INCOME COMMUNITIES IN DEVELOPING COUNTRIES.
2021
$245K
For grant recipient's exempt purposes
2021
$245K
For grant recipient's exempt purposes
2021
$150K
Medicaid Innovation Collaborative fund
2021
$100K
GENERAL SUPPORT GRANT
2021
$56K
COMMUNITY HEALTH
2021
$56K
General Support
2021
$50K
DONEE'S TAX EXEMPT PURPOSE
2021
$37K
For recipient's exempt purpose
2021
$25K
General & Unrestricted
2021
$20K
GENERAL OPERATING
2021
$20K
ALL CONTRIBUTIONS MADE FOR THE INENT ESTABLISHED BY THE VARIOUS CHARITIES
2021
$20K
HUMAN SERVICE PROJECT
2021
$20K
ALL CONTRIBUTIONS MADE FOR THE INENT ESTABLISHED BY THE VARIOUS CHARITIES
2021
$20K
General & Unrestricted
2021
$10K
ECONOMIC OPPORTUNITY
2021
$10K
CONTINUATION OFCHARITYS MISSION
2021
$10K
OPERATIONS
2021
$10K
GENERAL SUPPORT
2021
$5K
GENERAL OPERATING SUPPORT
2021
$5K
COMMUNITY SERVICES
2021
$600
GENERAL OPERATING SUPPORT
2021
$2.4M
INTERNATIONAL, FOREIGN AFFAIRS
2020
$1.3M
75741 Continuing and growing Acumen America in inv
2020
$1.3M
75741 Continuing and growing Acumen America in inv
2020
$1M
RESTRICTED TO SUPPORT AN EARLY-STAGE PHILANTHROPIC VENTURE FUND INVESTING IN IMPROVING THE LIVES OF LOW-INCOME AMERICANS
2020
$1M
GENERAL OPERATING SUPPORT
2020
$1M
GENERAL
2020
$999K
IN SUPPORT OF DEVELOPING A SUITE OF RESOURCES FOR STUDENT SOCIAL INNOVATION COMPETITIONS, INCLUDING TOOLS, TRAINING, FUNDING, AND A NETWORK OF PEER INNOVATORS AND INVESTORS
2020
$700K
FOR DONEE'S EXEMPT PURPOSE
2020
$395K
2ND GRANT PAYMENT TO SUPPORT THE "ACUMEN AMERICA WORKFORCE INITIATIVE"
2020
$327K
For grant recipient's exempt purposes
2020
$300K
PUBLIC, SOCIETAL BENEFIT
2020
$250K
GENERAL
2020
$200K
TO PROVIDE GENERAL SUPPORT TO THE ORGANIZATION'S GLOBAL PROGRAMS SERVING LOW-INCOME COMMUNITIES IN DEVELOPING COUNTRIES.
2020
$150K
GENERAL USE
2020
$140K
73002 Launching Acumen America to invest in early-
2020
$140K
73002 Launching Acumen America to invest in early-
2020
$125K
Acumen America, supporting health, financial inclusion, and workforce development
2020
$100K
GLOBAL HEALTH AND DEVELOPMENT PUBLIC AWARENESS AND ANALYSIS
2020
$100K
Community Development
2020
$100K
CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY
2020
$100K
RESTRICTED TO SUPPORT LABOURNET'S EMERGENCY WORK IN INDIA
2020
$100K
TO SUPPORT GENERAL OPERATIONS
2020
$100K
Acumen America Fund
2020
$100K
For a Fellows Program in West Africa focusing on tackling issues of gender based violence and natural resources and climate change
2020
$100K
PROMOTION OF BUSINESS TO CREATE A GLOBAL COMMUNITY OF EMERGING LEADERS
2020
$50K
TO FULFILL ORGANIZATION'S CHARITABLE PURPOSE.
2020
$50K
UNRESTRICTED
2020
$50K
DONEE'S TAX EXEMPT PURPOSE
2020
$36K
General & Unrestricted
2020
$25K
Acumen America fund
2020
$25K
OPERATIONS
2020
$22K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$20K
GENERAL SUPPORT
2020
$20K
GENERAL OPERATING
2020
$20K
ALL CONTRIBUTIONS MADE FOR THE INENT ESTABLISHED BY THE VARIOUS CHARITIES
2020
$20K
ECONOMIC OPPORTUNITY
2020
$10K
For operating costs of the AAEF
2020

Funded by

$83.5M from 99 funders · 255 grants · 2017–2024

Donor Advised Charitable Giving Inc

$16.3M · 7 grants · 2017–2023

Silicon Valley Community Foundation

$10.4M · 4 grants · 2020–2024

Fourdoves Foundation

$8.5M · 3 grants · 2020–2023

Gs Donor Advised Philanthropy Fund

$7.3M · 3 grants · 2022–2024

Seven Turns Fund Inc

$4.2M · 5 grants · 2018–2023

National Philanthropic Trust

$3.1M · 6 grants · 2017–2023

Soros Economic Development Fund

$3M · 1 grant · 2024

The Robert Wood Johnson Foundation

$2.9M · 4 grants · 2020

Details

EIN134166228
NTEE codeQ123
Subsection03
Ruling date2001-07
Formed2001
Employees140
Volunteers12
ACUMEN FUND INC — Mission, Financials & Grants Received | Grantivo