Fund Ii Foundation
- Assets
- $140.0m
- Revenue
- $5.5m
- Investments
- $122.8m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 06/2015
- Data as of
- 11/2021
- EIN
- 47-2396669
Organization Overview
Fund Ii Foundation is located in Washington, DC. The organization was established in 2015. 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. Fund Ii 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 11/2021, Fund Ii Foundation generated $5.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.2%) each year. All expenses for the organization totaled $12.4m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (39.4%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fund Ii Foundation has awarded 94 individual grants totaling $204,429,992. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNX - FLAGSHIP INTERNSHIP MATCHING PLATFORM AND CAREER READINESS LEARNING MANAGEMENT SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wilson Executive Director | 70 | $252,000 | |
Wendell Layne III Foundation Manager | 40 | $108,960 | |
Ivana Jackson Program Manager | 40 | $93,678 | |
Paige Burton Program Manager | 40 | $88,186 | |
Victoria Kennedy Director | 1 | $25,000 | |
Anthony C Spikes Treasurer/director | 2 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Udemy Inc | 11/29/21 | $210,000 |
Eileen Ross | 11/29/21 | $50,625 |
Amberimage Llc | 11/29/21 | $109,941 |
Cinchapi Inc | 11/29/21 | $1,501,807 |
Kirkland & Ellis | 11/29/21 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,519,585 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,625 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,499,960 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $352,000 |
| Other employee salaries and wages | $503,771 |
| Pension plans, employee benefits | $39,982 |
| Interest | $0 |
| Taxes | $52,501 |
| Depreciation | $0 |
| Occupancy | $57,156 |
| Travel, conferences, and meetings | $22,757 |
| Printing and publications | $0 |
| Other expenses | $838,712 |
| Total operating and administrative expenses | $4,000,490 |
| Contributions, gifts, grants paid | $8,378,832 |
| Total expenses and disbursements | $12,379,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,215,261 |
| Savings and temporary cash investments | $0 |
| 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 | $122,791,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $140,006,894 |
| Accounts payable and accrued expenses | $0 |
| 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 | $18,279 |
| Total liabilities | $18,279 |
Grants Awarded
Over the last fiscal year, Fund Ii Foundation has awarded $8,378,832 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
STUDENT FREEDOM INITIATIVE PURPOSE: PROMOTE/IMPROVE ACCESS TO HIGHER EDUCATION BY PROVIDING STUDENTS WITH AN ALTERNATIVE TO HIGH-INTEREST LOANS. | $5,000,000 |
NATIONAL ACADEMY FOUNDATION PURPOSE: WORK WITH DISTRICTS THAT SERVE HIGH CONCENTRATIONS OF AFRICAN AMERICAN STUDENTS TO IMPROVE STEM ACADEMY QUALITY AND STUDENT OUTCOMES. | $3,000,000 |
THE EAGLE ACADEMY FOUNDATION INC PURPOSE: BLACK HISTORY MONTH ESSAY CHALLENGE AND THANKSGIVING DONATION | $35,700 |
New Orleans, LA PURPOSE: HAITI STORM RELIEF AND THANKSGIVING DONATION | $35,000 |
Los Angeles, CA PURPOSE: RELIEF EFFORSTS IN ETHIOPIA AND HAITI STORM RELIEF | $30,000 |
Coral Gables, FL PURPOSE: HAITI STORM RELIEF | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Bainum Family Foundation Bethesda, MD | $0 | $60,288,788 |
The Morningstar Philanthropic Foundation Bethesda, MD | $552,631,179 | $17,887,743 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
Freedom Forum Inc Laurel, MD | $0 | $16,145,029 |
Gottesman Fund Washington, DC | $264,170,808 | -$2,596,565 |
Public Welfare Foundation Inc Washington, DC | $0 | $41,854,063 |
The Quetzal Trust Washington, DC | $401,867,494 | $38,153,664 |
Dominion Energy Charitable Foundation Richmond, VA | $8,697,577 | $22,767,860 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |