Founders Pledge Inc
- Assets
- $7.7m
- Revenue
- $34.6m
- Investments
- $947.1k
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2016
- Data as of
- 12/2023
- EIN
- 37-1795297
Organization Overview
Founders Pledge Inc is located in New York, NY. The organization was established in 2016. 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. Founders Pledge Inc 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 12/2023, Founders Pledge Inc generated $34.6m in total revenue. All expenses for the organization totaled $36.8m during the year ending 12/2023.
Since 2016, Founders Pledge Inc has awarded 313 individual grants totaling $87,956,083. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDERS PLEDGE, INC. IS A NON-PROFIT ORGANIZATION CREATED TO ENCOURAGE AND FACILITATE CHARITABLE GIVING BY ENTREPRENEURS AND INVESTORS. DURING 2023, THE ORGANIZATION GAVE GRANTS TO 76 CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Ash Us Managing Director | 40 | $189,998 | |
David Jonathan Goldberg President/treasurer | 0.45 | $0 | |
Sabrina Pourmand Secretary | 0.45 | $0 | |
Philippa Lawrence Director | 0.45 | $0 | |
Danielle Bayer Director | 0.45 | $0 | |
David Klein Director (from 12/2023) | 0.45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Justworks Employment Group Llc | 12/30/23 | $2,643,322 |
National Philanthropic Trust | 12/30/23 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $34,459,824 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,253 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,969 |
| Capital Gain Net Income | $13,969 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,156 |
| Total Revenue | $34,561,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $189,998 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $9,330 |
| Occupancy | $68,567 |
| Travel, conferences, and meetings | $87,591 |
| Printing and publications | $0 |
| Other expenses | $817,974 |
| Total operating and administrative expenses | $3,791,182 |
| Contributions, gifts, grants paid | $33,029,496 |
| Total expenses and disbursements | $36,820,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,973,492 |
| Savings and temporary cash investments | $4,226,204 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $421,650 |
| 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 | $45,293 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $23,647 |
| Other assets | $20,109 |
| Total assets | $7,657,489 |
| Accounts payable and accrued expenses | $76,839 |
| Grants payable | $225,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $681,628 |
| Total liabilities | $983,467 |
Grants Awarded
Over the last fiscal year, Founders Pledge Inc has awarded $33,029,496 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
1DAY SOONER PURPOSE: MALARIA VACCINE ROLLOUT | $50,000 |
ALIGNMENT RESEARCH CENTER PURPOSE: GENERAL SUPPORT OF ARC EVALS TEAM | $1,846,000 |
ALBERT SCHWEITZER FOUNDATION (ASF) PURPOSE: GENERAL SUPPORT | $13,711 |
ALLFED INSTITUTE PURPOSE: GENERAL SUPPORT | $1,586,000 |
BANDHAN-KONNAGAR PURPOSE: TARGETING THE POOR PROGRAMME | $25,000 |
ANIMAL CHARITY EVALUATORS PURPOSE: SINERGIA ANIMAL INTERNATIONAL | $100,000 |