The Childrens Investment Fund Foundation
- Assets
- $147.5m
- Revenue
- $4.1m
- Investments
- $142.8m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 04-3632641
Organization Overview
The Childrens Investment Fund Foundation is located in West Hartford, CT. The organization was established in 2002. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Investment Fund Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Childrens Investment Fund Foundation generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Childrens Investment Fund Foundation has awarded 133 individual grants totaling $38,090,632. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Klatell COO And General Counsel | 24 | $159,152 | |
Suprotik Basu Trustee | 1 | $0 | |
Mark Dybul Trustee | 1 | $0 | |
Dr Kesete Admasu CEO | 5 | $0 | |
Nikos Makris Trustee | 1 | $0 | |
Dzingai Mutumbuka Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oesd | 12/30/21 | $278,053 |
Okurufi Consult Limited | 12/30/21 | $135,505 |
Cambridge Associates Llc | 12/30/21 | $415,948 |
Truvvo Partners | 12/30/21 | $173,471 |
Zenysis | 12/30/21 | $440,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $734,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,121,738 |
| Capital Gain Net Income | $4,121,738 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$788,368 |
| Total Revenue | $4,068,315 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $159,152 |
| Other employee salaries and wages | $84,881 |
| Pension plans, employee benefits | $16,150 |
| Interest | $0 |
| Taxes | $109,683 |
| Depreciation | $1,898 |
| Occupancy | $11,888 |
| Travel, conferences, and meetings | $77,838 |
| Printing and publications | $0 |
| Other expenses | $612,279 |
| Total operating and administrative expenses | $3,412,623 |
| Contributions, gifts, grants paid | $4,873,846 |
| Total expenses and disbursements | $8,286,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,605 |
| Savings and temporary cash investments | $3,686,768 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $135,715,128 |
| Net Land, buildings, and equipment | $2,923 |
| Other assets | $299 |
| Total assets | $147,469,388 |
| Accounts payable and accrued expenses | $7,830 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,247,500 |
| Total liabilities | $1,255,330 |
Grants Awarded
Over the last fiscal year, The Childrens Investment Fund Foundation has awarded $4,873,846 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
MINISTRY OF EDUCATION GHANA PURPOSE: MINISTRY OF EDUCATION CURRICULUM REFORM | $802,921 |
HARVARD COLLEGE PURPOSE: HARVARD MINISTERIAL LEADERSHIP PROGRAM | $720,602 |
ETHIOPIA FEDERAL MINISTRY OF HEALTH PURPOSE: SEQOTA DECLARATION | $579,468 |
ORGANIZATION FOR REHABILITATION & DEVELOPMENT IN AMHARA PURPOSE: RESTOCKING PROGRAM FOR CONFLICT AFFECTED COMMUNITIES IN CHINNA AND BOZA KEBELES AT DABAT AND DEBARK WOREDAS OF NORTH GONDAR ZONE | $500,109 |
Seattle, WA PURPOSE: NURTURING CARE IN CONFLICT SETTLINGS IN ETHIOPIA | $500,000 |
Washington, DC PURPOSE: AMUJAE INITIATIVE | $425,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |