NonprofitsSocial Finance Inc

Human Services

Social Finance Inc

BOSTON, MA

Total revenue

$79.1M

Total expenses

$36.4M

Net assets

$172.6M

Grants received

$119.6M

134 grants

EIN

274620963

Tax year

2024

Mission

Social finance builds innovative partnerships and investments that realign systems to measurably improve lives.

Programs

3 programs

See schedule o

Expenses: $8.4MGrants: $226K

See schedule o

Expenses: $2.5MGrants: $175K

Other program services

0

Financials

FY 2024

Revenue

Contributions & grants$64.5M
Program service revenue$9.0M
Investment income$5.6M
Other revenue$94K
Total revenue$79.1M

Expenses

Grants paid$1.8M
Salaries & benefits$22.1M
Fundraising$325K
Other expenses$12.5M
Total expenses$36.4M
Total assets$194.3M
Net assets$172.6M

People

26 listed

NameRoleCompensation

Tracy Palandjian

CEO & Co-Founder

Board

$790K

40 hrs/wk

KIRSTIN HILL

President & COO

Board

$384K

40 hrs/wk

John Woods

CHIEF FINANCIAL OFFICER

Board

$303K

40 hrs/wk

Jacob Segal

MANAGING DIRECTOR, Impact Adv.

Board

$298K

40 hrs/wk

KAREN LYNN ANDERSON

MANAGING DIR, SFI

Board

$291K

40 hrs/wk

Navjeet K Bal

General Counsel(until 12/6/24)

Board

$249K

40 hrs/wk

Leslie Cornell

GEN. COUNS. & CHIEF COMP.

Board

$219K

40 hrs/wk

Nancy Zimmerman

Clerk

Board

2 hrs/wk

PAMELA DIPPEL CHONEY

Chair

Board

2 hrs/wk

SANDRA A URIE

DIRECTOR

Board

2 hrs/wk

Alexa Rachlin

Director

Board

2 hrs/wk

BRACEBRIDGE H YOUNG JR

Director

Board

2 hrs/wk

Doug Henderson

Treasurer

Board

2 hrs/wk

DR LAUREN SMITH

Director

Board

2 hrs/wk

EDWARD L SHAPIRO

Director

Board

2 hrs/wk

GOVERNOR DEVAL PATRICK

Director

Board

2 hrs/wk

Ian Simmons

Director

Board

2 hrs/wk

Karen Dynan

Director

Board

2 hrs/wk

Laura Lauder

Director

Board

2 hrs/wk

Laurene Sperling

Director

Board

2 hrs/wk

ELIZABETH LEMPRES

Director

Board

2 hrs/wk

Andrew C Chen

VP, Impact Investments

Staff

$239K

40 hrs/wk

Stephen Gaetano Vicinelli

VP, Impact Investments

Staff

$237K

40 hrs/wk

Jonathan S Edwards

VP, Impact Investments

Staff

$236K

40 hrs/wk

Justin Bakule

VP, Impact Investments

Staff

$235K

40 hrs/wk

Catherine Dun Rappaport

VP, Impact Investments

Staff

$235K

40 hrs/wk

Independent contractors

Focus Technology

INFORMATION TECH.

$232K

BDO

ACCOUNTANT

$189K

Social Finance NL BV

Generalist ContR.

$184K

The Education Board Inc

Institute Fellow

$113K

Pearl Street Collective

Recruitment

$107K

Grants received

Showing 134 of 134

FromAmountPurposeYear
$2.5M
Grant, Exploring Innovative Financing to Strengthen Pre-Apprenticeships, Creating Rural Talent Finance Partnerships, and Establishing the Social Finance Institute
2024
$1.5M
CAMPAIGN/FUNDRAISING PLAN
2024
$1.4M
TO SUPPORT THE ACCELERATION OF DONOR-ADVISED FUND CAPITAL TOWARD IMPACT INVESTING.
2024
$1M
SUPPORT TRAINING FOR THE UNEMPLOYED OR UNDEREMPLOYED TO GAIN ACCESS TO HIGH-DEMAND JOBS THAT PAY FAMILY SUSTAINING WAGES
2024
$1M
SCALING INNOVATIVE MODELS FOR ECONOMIC OPPORTUNITY
2024
$450K
SUPPORT OF SUNY SYSTEM & CAMPUS INITIATIVES: SUNY MARITIME PAY IT FORWARD
2024
$250K
PROGRAM SUPPORT FOR STUDENT SUPPORT FOR UNDERSERVED UH ENGINEERING STUDENTS IN THEIR JUNIOR AND SENIOR YEARS
2024
$250K
CORE SUPPORT TO PROVIDE THOUGHT LEADERSHIP, RESEARCH AND EDUCATION ON HOW PUBLIC AND PRIVATE CAPITAL CAN IMPROVE SOCIAL OUTCOMES
2024
$200K
RECOVERABLE CORE SUPPORT GRANT FOR ITS IMPACT FIRST FUND, A FUND OF FUNDS PRODUCT DESIGNED TO MOBILIZE MORE DONOR-ADVISED FUND INVESTMENT CAPITAL FOR DEEP SOCIAL AND COMMUNITY IMPACT
2024
$101K
GENERAL SUPPORT
2024
$100K
Social Finance Institute
2024
$100K
General Support
2024
$100K
DOMESTIC NEEDS
2024
$100K
IMPACT FIRST FUND
2024
$8M
HUMAN SERVICES
2023
$6M
TO SUPPORT SCALING PLAN
2023
$1.5M
CAMPAIGN/FUNDRAISING
2023
$1.3M
TO SUPPORT THE ACCELERATION OF DONOR-ADVISED FUND CAPITAL TOWARD IMPACT INVESTING.
2023
$1.0M
COLORADO PAY IT FORWARD FUND
2023
$1M
GENERAL OPERATING
2023
$1M
SCALING INNOVATIVE MODELS FOR ECONOMIC OPPORTUNITY
2023
$1M
To support the Colorado Pay It Forward Fund which provides innovative, student-centric, and outcomes-focused financing for workforce training and upskilling for low-income Coloradans through partnerships with highly vetted training programs.
2023
$1M
HEALTH CAREERS FINANCING INNOVATIONS
2023
$525K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$510K
Operating Support/Annual Fund
2023
$400K
PAY FOR SUCCESS PROGRAM TRACKING AND EVALUATION.
2023
$385K
For grant recipient's exempt purposes
2023
$300K
DOMESTIC NEEDS
2023
$285K
GENERAL SUPPORT
2023
$250K
UNRESTRICTED
2023
$250K
UNRESTRICTED
2023
$250K
CORE SUPPORT TO PROVIDE THOUGHT LEADERSHIP, RESEARCH AND EDUCATION ON HOW PUBLIC AND PRIVATE CAPITAL CAN IMPROVE SOCIAL OUTCOMES
2023
$200K
CASH DONATION
2023
$200K
PUBLIC/SOCIETY BENEFIT
2023
$150K
PROPOSAL TO SERVE AS HAWAI'I RENEWABLE LEARNING FUND MANAGER [6086; PC]
2023
$150K
PUBLIC POLICY
2023
$125K
PROGRAM/OPERATING SUPPORT
2023
$100K
General Support
2023
$50K
UNRESTRICTED GENERAL SUPPORT
2023
$50K
General operating support
2023
$46K
FOR SUPPORT OF WELCOME HUBS TO BUILD LOCAL AND REGIONAL INITIATIVES TO WELCOME REFUGEES
2023
$25K
General Unrestricted
2023
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$4.5M
Operating Support/Annual Fund
2022
$2.4M
For grant recipient's exempt purposes
2022
$2M
MAINTAIN HEALTHY BODIES
2022
$1.7M
TO SUPPORT THE ACCELERATION OF DONOR-ADVISED FUND CAPITAL TOWARD IMPACT INVESTING.
2022
$1M
NORTH TEXAS PAY IT FORWARD FUND
2022
$875K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$675K
SPONSORSHIPS
2022
$600K
PUBLIC/SOCIETY BENEFIT
2022
$600K
GENERAL SUPPORT
2022
$500K
TO PROVIDE GENERAL OPERATING SUPPORT FOR THE DEVELOPMENT AND LAUNCH OF PAY FOR SUCCESS PROJECTS THAT ADVANCE POSITIVE OUTCOMES FOR CHILDREN, FAMILIES, AND COMMUNITIES AND DELIVER ENERGY EFFICIENCY RETROFIT SOLUTIONS
2022
$500K
ACCELERATING INNOVATIVE WORKFORCE FINANCE STRATEGIES
2022
$500K
FOR PROJECT SUPPORT TO POOL PHILANTHROPIC RESOURCES TO PROVIDE MATCHING FUNDS FOR ENTITIES IN RURAL, TRIBAL AND OTHER UNDERRESOURCED COMMUNITIES SELECTED TO PARTICIPATE IN THE CALIFORNIA DEPARTMENT OF SOCIAL SERVICES GUARANTEED INCOME PILOT PROGRAM.
2022
$253K
DOMESTIC NEEDS
2022
$203K
GENERAL SUPPORT
2022
$200K
QUALITY EDUCATION
2022
$200K
QUALITY EDUCATION
2022
$200K
STATEWIDE POOLED FUND FOR GUARANTEED INCOME PILOTS AND THEIR EVALUATION
2022
$125K
PROGRAM/OPERATING SUPPORT
2022
$99K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$50K
UNRESTRICTED GENERAL SUPPORT
2022
$46K
FOR SUPPORT OF WELCOME HUBS TO BUILD LOCAL AND REGIONAL INITIATIVES TO WELCOME REFUGEES
2022
$25K
General Unrestricted
2022
$25K
GENERAL OPERATING PURPOSE
2022
$10K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2022
$5K
General & Unrestricted
2022
$7M
HUMAN SERVICES
2021
$3.1M
TO SUPPORT EDUCATION INVESTMENTS
2021
$2M
UNRESTRICTED
2021
$835K
For grant recipient's exempt purposes
2021
$835K
For grant recipient's exempt purposes
2021
$675K
NEW JERSEY PAY IT FORWARD PROGRAM
2021
$675K
PAY IT FORWARD INITIATIVE
2021
$670K
For recipient's exempt purpose
2021
$500K
STRENGTHENING OUR ECONOMIC MOBILITY STRATEGY
2021
$200K
NURSE FAMILY PARTNERSHIP PROGRAM
2021
$200K
GENERAL SUPPORT
2021
$100K
UNRESTRICTED GENERAL SUPPORT
2021
$100K
Improving employment outcomes for families in Central Texas
2021
$56K
SCALING CAREER IMPACT BONDS TO MEET THEIR POTENTIAL
2021
$25K
GENERAL OPERATING PURPOSE
2021
$10K
Operating Support/Annual Fund
2021
$20.1M
HUMAN SERVICES
2020
$10.9M
TO SUPPORT EDUCATION INVESTMENTS
2020
$2.6M
DAF - General Philanthropy
2020
$2.0M
For grant recipient's exempt purposes
2020
$900K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$625K
General support and for core support to strengthen organizational capacity
2020
$600K
PUBLIC/SOCIETY BENEFIT
2020
$600K
General operating support
2020
$500K
TO PROVIDE GENERAL OPERATING SUPPORT FOR THE DEVELOPMENT AND LAUNCH OF PAY FOR SUCCESS PROJECTS THAT ADVANCE POSITIVE OUTCOMES FOR CHILDREN, FAMILIES, AND COMMUNITIES AND DELIVER ENERGY EFFICIENCY RETROFIT SOLUTIONS
2020
$500K
SUPPORT ECONOMIC MOBILITY FOR UNDER SERVED STUDENTS
2020
$485K
EXEMPT PURPOSE OF ORGANIZATION
2020
$444K
SCALING CAREER IMPACT BONDS TO MEET THEIR POTENTIAL
2020
$260K
Operating Support/Annual Fund
2020
$225K
DOMESTIC NEEDS
2020
$180K
Improving Workforce Outcomes for Community College Students
2020
$140K
INNOVATIVE FINANCE FOR NURSING AND MIDWIFERY PROJECT
2020
$125K
Develpment of toolkit to enable doner advised funds to offer access to impact-first investments
2020
$100K
UNRESTRICTED GENERAL SUPPORT
2020
$50K
GENERAL SUPPORT
2020
$10K
EDUCATIONAL PROGRAMS & OTHER STUDENT SVC
2020
$2K
General & Unrestricted
2020
$4.5M
TO SUPPORT PROGRAM MANAGEMENT COSTS
2019
$222K
For grant recipient's exempt purposes
2019
$100K
PUBLIC/SOCIETY BENEFIT
2019
$50K
UNRESTRICTED GENERAL SUPPORT
2019
$10K
Operating Support/Annual Fund
2019
$500K
UNLOCKING WORKFORCE POTENTIAL THROUGH PAY FOR SUCCESS
2018
$249K
EXPLORING THE VALUE OF PREVENTION
2018
$196K
For grant recipient's exempt purposes
2018
$100K
GENERAL ASSEMBLY INCOME-SHARING AGREEMENTS FEASIBILITY STUDY
2018
$100K
CALIFORNIA PAY FOR SUCCESS INITIATIVE
2018
$445K
POSTSECONDARY SUCCESS
2017
$150K
DOMESTIC NEEDS
2017
$10K
Capital Campaign
2017

Funded by

$119.6M from 62 funders · 134 grants · 2017–2024

National Philanthropic Trust

$35.1M · 3 grants · 2020–2023

Blue Meridian Partners Inc

$24.4M · 4 grants · 2019–2023

Fidelity Investments Charitable Gift Fund

$6.9M · 7 grants · 2018–2023

Boston Foundation Inc

$5.3M · 6 grants · 2017–2023

The Prudential Foundation

$4.8M · 9 grants · 2018–2024

Laura And John Arnold Foundation

$4.3M · 3 grants · 2022–2024

Fidelity Non-Profit Management

$3M · 2 grants · 2023–2024

Vanguard Charitable Endowment Program

$3.0M · 4 grants · 2020–2023

Details

EIN274620963
NTEE codeP12
Subsection03
Ruling date2012-02
Formed2011
Employees137
Volunteers14
SOCIAL FINANCE INC — Mission, Financials & Grants Received | Grantivo