Hopewell Fund
- Assets
- $159.6m
- Revenue
- $123.4m
- Investments
- $0.0
- Employees
- 135
- Location
- Washington, DC
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3681860
Organization Overview
Hopewell Fund is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hopewell Fund employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hopewell Fund 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, Hopewell Fund generated $123.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 51.0% each year . All expenses for the organization totaled $122.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hopewell Fund has awarded 1,169 individual grants totaling $298,090,411. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE HOPEWELL FUND HELPS SOCIAL ENTREPRENEURS AND OTHER CHANGEMAKERS LAUNCH NEW, (CONT. SCHEDULE O) INNOVATIVE SOCIAL CHANGE PROJECTS, PRIMARILY THROUGH FISCAL SPONSORSHIP. HOPEWELL IS DESIGNED TO FACILITATE RAPID AND EFFICIENT LAUNCHES OF WELL-RESOURCED PROJECTS WITH DIVERSE REVENUE & FUNDING MODELS, INCLUDING CHARITABLE CONTRIBUTIONS AND INVESTMENTS. MANY OF HOPEWELL'S PROJECTS EMPLOY BOLD AND AMBITIOUS STRATEGIES TO ACHIEVE THE IMPACT THEY SEEK. HOPEWELL IS MANAGED BY A BOARD OF DIRECTORS WITH EXPERIENCE IN STARTING UP INNOVATIVE ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY: HOPEWELL'S PORTFOLIO OF CIVIL RIGHTS, SOCIAL ACTION, AND ADVOCACY FOCUS AREAS INCLUDE ADDRESSING INCOME INEQUALITY, IMPROVING CIVIC ENGAGEMENT AMONG TRADITIONALLY UNDERREPRESENTED GROUPS, AND ADVANCING STATE LEVEL ECONOMIC AND DEMOCRACY REFORMS.
HEALTH: HOPEWELL'S PORTFOLIO OF HEALTH FOCUS AREAS INCLUDES WOMEN'S HEALTH, HEALTHCARE ACCESS, AND REDUCING HEALTH DISPARITIES AND AVOIDABLE INFANT MORTALITY.
OTHER PROGRAM SERVICES INCLUDING TECHNOLOGY AND INNOVATION, INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS, AND YOUTH DEVELOPMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Cuff Project Director | 36 | $269,269 | |
Bonnie Jones Project Director | 40 | $230,230 | |
Peter Rubin Project Director | 40 | $226,224 | |
Meagan Cavanaugh Project Director | 40 | $220,573 | |
Janet Crepps Hiller Project Director | 40 | $215,124 | |
Andrew Schulz General Counsel | Officer | 1 | $3,760 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Perkins Coie Llp Legal Services | 12/30/21 | $8,319,596 |
Charles River Laboratories Inc Research And Evaluation Services | 12/30/21 | $1,077,090 |
Elias Law Group Llp Legal Services | 12/30/21 | $2,365,422 |
The Movement Cooperative Consulting Services | 12/30/21 | $3,818,521 |
Arabella Advisors Admin., Operations & Management Services | 12/30/21 | $7,096,705 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,592,892 |
| Noncash contributions included in lines 1a–1f | $17,177,954 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,592,892 |
| Total Program Service Revenue | $256,996 |
| Investment income | $138,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,385,939 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $62,125,359 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,260,627 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,760 |
| Compensation of current officers, directors, key employees. | $3,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,535,243 |
| Pension plan accruals and contributions | $443,114 |
| Other employee benefits | $1,366,934 |
| Payroll taxes | $855,345 |
| Fees for services: Management | $6,394,596 |
| Fees for services: Legal | $13,594,171 |
| Fees for services: Accounting | $31,900 |
| Fees for services: Lobbying | $418,559 |
| Fees for services: Fundraising | $9,000 |
| Fees for services: Investment Management | $33,563 |
| Fees for services: Other | $14,342,586 |
| Advertising and promotion | $2,414,097 |
| Office expenses | $254,798 |
| Information technology | $4,399,196 |
| Royalties | $0 |
| Occupancy | $99,543 |
| Travel | $106,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,154 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,147 |
| Insurance | $102,079 |
| All other expenses | $8,895 |
| Total functional expenses | $122,053,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $716,243 |
| Savings and temporary cash investments | $118,337,438 |
| Pledges and grants receivable | $17,511,443 |
| Accounts receivable, net | $247,428 |
| 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 | $112,292 |
| Net Land, buildings, and equipment | $119,168 |
| Investments—publicly traded securities | $19,798,203 |
| Investments—other securities | $0 |
| Investments—program-related | $2,715,094 |
| Intangible assets | $0 |
| Other assets | $24,314 |
| Total assets | $159,581,623 |
| Accounts payable and accrued expenses | $8,203,467 |
| Grants payable | $21,029,325 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $29,232,792 |
| Net assets without donor restrictions | $31,614,358 |
| Net assets with donor restrictions | $98,734,473 |
| 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 | $159,581,623 |
Grants Awarded
Over the last fiscal year, Hopewell Fund has awarded $61,926,645 in support to 338 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $3,522,500 |
Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $3,087,645 |
Chicago, IL PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $3,000,000 |
West Hollywood, CA PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $2,500,000 |
Norfolk, VA PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $2,400,324 |
New York, NY PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $2,400,000 |
Grants Recieved
Over the last fiscal year, we have identified 154 grants that Hopewell Fund has recieved totaling $57,478,689.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $6,118,707 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: General Nonprofit Support | $5,567,500 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT LITIGATION TO PREVENT VOTER DISENFRANCHISEMENT AND SUPPRESSION | $5,000,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $4,200,000 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $3,007,726 |
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $3,003,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hopewell Fund Washington, DC | $159,581,623 | $123,385,939 |
United Charitable Ashburn, VA | $209,799,923 | $22,185,205 |
The Forum For Youth Investment Washington, DC | $9,053,543 | $7,540,773 |
Hope For The Warriors Springfield, VA | $4,615,443 | $8,207,781 |
Mba Open Doors Foundation Washington, DC | $6,951,188 | $5,196,301 |
Spookstock Foundation Leesburg, VA | $1,341,695 | $5,091,159 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |
Forsythia Foundation Inc Washington, DC | $34,667,692 | $3,853,270 |
Joseph And Debra Weinberg Familyfoundation Inc Timonium, MD | $9,102,716 | $5,687,012 |