The Clear Fund
- Assets
- $117.5m
- Revenue
- $151.0m
- Investments
- $0.0
- Employees
- 68
- Location
- Oakland, CA
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 20-8625442
Organization Overview
The Clear Fund, operating under the name Givewell, is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Givewell employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Givewell 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 12/2022, Givewell generated $151.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $152.4m during the year ending 12/2022. While expenses have increased by 33.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Givewell has awarded 96 individual grants totaling $347,270,272. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIVEWELL IS DEDICATED TO FINDING OUTSTANDING GIVING OPPORTUNITIES AND PUBLISHING THE FULL DETAILS OF OUR ANALYSIS TO HELP DONORS DECIDE WHERE TO GIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVEWELL PUBLISHED 37 PAGES DESCRIBING GRANTS TO TOP CHARITIES AND NEW GRANTS. PUBLISHED EIGHT RESEARCH REPORTS ON NEW PROGRAMS AND INTERVENTIONS AND EIGHT SHORT REPORTS ON PROGRAMS WE LOOKED INTO. UPDATED PARAMETERS IN OUR TOP CHARITIES COST-EFFECTIVENESS MODEL AND PUBLISHED THESE CHANGES. IT IS ESTIMATED THAT MORE THAN $250 MILLION IN DONATIONS MADE TO RECOMMENDED CHARITIES WERE MADE AS A RESULT OF OUR RESEARCH. RECOMMENDED $100 MILLION IN GRANTS TO PROGRAMS OTHER THAN OUR TOP RECOMMENDED CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Ogden Chair | OfficerTrustee | 1 | $0 |
Holden Karnofsky Vice Chair | OfficerTrustee | 1 | $0 |
Cari Tuna Board Member | Trustee | 1 | $0 |
Julia Wise Board Member | Trustee | 1 | $0 |
Norma Altshuler Board Member | Trustee | 1 | $0 |
Elie Hassenfeld Chief Executive Officer | OfficerTrustee | 39.6 | $355,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,870,541 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,536,144 |
| Noncash contributions included in lines 1a–1f | $19,546,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,406,685 |
| Total Program Service Revenue | $0 |
| Investment income | $28,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$422,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,012,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,140,067 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $41,235,338 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,758,474 |
| Compensation of current officers, directors, key employees. | $534,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,133,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $790,097 |
| Payroll taxes | $459,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,181 |
| Fees for services: Accounting | $75,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,203,503 |
| Advertising and promotion | $1,501,697 |
| Office expenses | $267,590 |
| Information technology | $100,028 |
| Royalties | $0 |
| Occupancy | $423,392 |
| Travel | $270,751 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,817 |
| Insurance | $65,672 |
| All other expenses | $13,519 |
| Total functional expenses | $152,422,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,752,572 |
| Savings and temporary cash investments | $95,806,895 |
| Pledges and grants receivable | $2,610,423 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $255,136 |
| Net Land, buildings, and equipment | $402,292 |
| Investments—publicly traded securities | $465,200 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,244,770 |
| Total assets | $117,537,288 |
| Accounts payable and accrued expenses | $1,129,093 |
| Grants payable | $37,604,490 |
| Deferred revenue | $7,738 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,005,173 |
| Total liabilities | $39,746,494 |
| Net assets without donor restrictions | $68,964,987 |
| Net assets with donor restrictions | $8,825,807 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $117,537,288 |
Grants Awarded
Over the last fiscal year, The Clear Fund has awarded $97,138,134 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
EVIDENCE ACTION PURPOSE: DEWORMING PROGRAM, DISPENSERS FOR SAFE WATER, MATERNAL SYPHILIS PROGRAM | $8,718,700 |
GIVEDIRECTLY PURPOSE: OPERATING SUPPORT | $1,613,915 |
AGAINST MALARIA FOUNDATION PURPOSE: OPERATING SUPPORT | $12,878,122 |
SIGHTSAVERS PURPOSE: DEWORMING PROGRAM | $136,943 |
THE END FUND PURPOSE: DEWORMING PROGRAM | $61,085 |
HELEN KELLER INTERNATIONAL PURPOSE: VITAMIN A SUPPLEMENTATION | $3,953,920 |