NonprofitsPivot Fund

Human Services

Pivot Fund

ATLANTA, GA

Total revenue

$3.4M

Total expenses

$1.6M

Net assets

$2.4M

Grants received

$5.8M

15 grants

EIN

871460953

Tax year

2023

Mission

The pivot fund centers and invests in bipoc-led, community news organizations through funding, capacity building, skills-based trainings, and networking opportunities.

Financials

FY 2023

Revenue

Contributions & grants$3.4M
Program service revenue$10K
Investment income
Other revenue
Total revenue$3.4M

Expenses

Grants paid
Salaries & benefits$531K
Fundraising$31K
Other expenses$1.1M
Total expenses$1.6M
Total assets$2.5M
Net assets$2.4M

People

3 listed

NameRoleCompensation

TRACIE POWELL

PRESIDENT & CEO

Board

0

Alberto MENDOZA

TREASURER

Board

0

JAMMAL GLEN

BOARD CHAIR

Board

0

Grants received

Showing 15 of 15

FromAmountPurposeYear
$675K
81770 STRENGTHENING LOCAL NEWS ORGANIZATIONS LED BY TRADITIONALLY MARGINALIZED AND BLACK, INDIGENOUS, AND OTHER PEOPLE OF COLOR TOWARD HEALTH EQUITY
2024
$625K
FOR THE PIVOT PROGRAM.
2024
$500K
IN SUPPORT OF THE MIDWEST LANDSCAPE STUDY
2024
$50K
General Operating Support
2024
$10K
PROGRAM EXPANSION
2024
$1.5M
FOR THE PIVOT PROGRAM.
2023
$300K
Mission Fund
2023
$165K
To conduct a media landscape analysis for Minnesota in order to determine the availability of trusted, culturally competent news sources for underrepresented communities
2023
$100K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$100K
GENERAL OPERATING SUPPOT
2023
$50K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$1.2M
GRANTEE PER FISCAL SPONSORSHIP. PIVOT FUND IS A VENTURE PHILANTHROPY ORGANIZATION DEDICATED TO INVESTING $500 MILLION INTO INDEPENDENT BIPOC-LED CULTURALLY COMPETENT COMMUNITY NEWS ORGANIZATIONS. THE PIVOT FUND INVESTS THROUGH FUNDING, CAPACITY BUILDING, TRAININGS, AND OPPORTUNITIES FOR COLLABORATIVE JOURNALISM.
2022
$220K
in support of its work to support, coach, and amplify BIPOC-led and serving newsrooms
2022
$50K
PUBLIC AND SOCIETAL BENEFIT
2022

Funded by

$5.8M from 12 funders · 15 grants · 2022–2024

Online News Association

$3.3M · 3 grants · 2022–2024

John D And Catherine T Macarthur

$720K · 2 grants · 2022–2024

The Robert Wood Johnson Foundation

$675K · 1 grant · 2024

The Joyce Foundation

$300K · 1 grant · 2023

Donor Advised Charitable Giving Inc

$250K · 1 grant · 2023

The McKnight Foundation

$165K · 1 grant · 2023

Tides Foundation

$100K · 1 grant · 2023

World Education Services Inc

$100K · 1 grant · 2023

Details

EIN871460953
NTEE codeP20
Subsection03
Ruling date2024-03
Formed2021
Employees8
PIVOT FUND — Mission, Financials & Grants Received | Grantivo