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Nonprofits›Equitable Facilities Fund Inc

Education

Equitable Facilities Fund Inc

NEW YORK, NY

Website

Total revenue

$134.9M

Total expenses

$51.7M

Net assets

$476.5M

Grants received

$81.1M

14 grants

EIN

822351889

Tax year

2024

Mission

Eff is a nonprofit social impact fund that believes all children deserve a quality education. We empower high-performing public charter schools with equitable access to low-cost, long-term financing by innovatively combining mission-related investments and capital markets.

Financials

FY 2024

Revenue

Contributions & grants$68.2M

Program service revenue$55.3M

Investment income$14.6M

Other revenue—

Total revenue$134.9M

Expenses

Grants paid$1.0M

Salaries & benefits$4.9M

Fundraising$509K

Other expenses$45.8M

Total expenses$51.7M

Total assets$1.9B

Net assets$476.5M

People

12 listed

NameRoleCompensation

ANAND KESAVAN

CEO

Board

$597K

40 hrs/wk

MICHELLE GETZ

CHIEF CREDIT OFFICER

Board

$276K

40 hrs/wk

JON MCINTOSH

CHIEF OF STAFF

Board

$246K

40 hrs/wk

AARTHI SOWRIRAJAN

DIRECTOR

Board

—

5 hrs/wk

SCOTT PEARSON

SECRETARY

Board

—

5 hrs/wk

NGUYEN HUYHN

DIRECTOR

Board

—

5 hrs/wk

KEVIN HALL

TREASURER

Board

—

5 hrs/wk

BUDDY PHILPOT

CHAIRMAN

Board

—

5 hrs/wk

MIKE MCGREGOR

CHIEF OPERATIONS OFFICER

Staff

$481K

40 hrs/wk

MARC WANCER

INVESTMENT PRINCIPAL

Staff

$226K

40 hrs/wk

WENDY BERRY

INVESTMENT PRINCIPAL

Staff

$221K

40 hrs/wk

SHAWN MCCORMACK

INVESTMENT PRINCIPAL

Staff

$219K

40 hrs/wk

Independent contractors

ZATA CONSULTING LLC

CONSULTING SERVICES

$231K

KEVIN ALIN

CONSULTING SERVICES

$140K

SEVEN CS COLLECTIVE LLC

CONSULTING SERVICES

$131K

GRADIENT CONSULTING

CONSULTING SERVICES

$124K

Grants received

Showing 14 of 14

FromAmountPurposeYear

OPPORTUNITY 180

$13.8M

NEVADA FACILITY FUND

2023

HOUSTON ENDOWMENT INC

$3M

Project Support for the Texas Facilities Fund (an EFF initiative that will provide low-cost financing and other forms of support to high-performing public charter schools throughout Texas)

2023

MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

$1M

UNRESTRICTED GENERAL SUPPORT

2023

Walton Family Foundation Inc

$375K

To train, instruct, and recruit recent college graduates from underrepresented backgrounds to succeed in financial services roles at mission-oriented financial service organizations like EFF and Civic Builders.

2023

DONOR ADVISED CHARITABLE GIVING INC

$100K

PUBLIC, SOCIETAL BENEFIT

2023

The Hussman Foundation

$25K

General Support

2023

NABHOLZ CHARITABLE FOUNDATION

$25K

CHARIATABLE FOR PROGRAM EXPENSE

2023

Alice L Walton Foundation

$50M

To help fund Equitable Facilities Fund's mission of supporting an equitable, high-quality public education for all students by providing financing to excellent public charter schools to build, grow and renovate facilities.

2022

HOUSTON ENDOWMENT INC

$7M

Project Support for the Texas Facilities Fund (an EFF initiative that will provide low-cost financing and other forms of support to high-performing public charter schools throughout Texas)

2022

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

$2.5M

For grant recipient's exempt purposes

2022

HOUSTON ENDOWMENT INC

$50K

Project Support to Establish Texas Charter Schools Facilities Fund (Phase II)

2022

The Hussman Foundation

$25K

GENERAL SUPPORT