Hopewell Fund
94% goes to programs $0 to raise $100 Strong reserves Growing revenue
Hopewell Fund is a 501(c)(3) organization based in Washington, District of Columbia, registered in 2015, with $208,022,501 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
1828 L Street Nw Suite 300-d, Washington, DC, 20036 EIN 47-3681860 Since 2015
Revenue (FY2024)
$208.0M
▲ 31.9% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$197.1M
Net assets
$164.9M
Employees
163
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hopewell Fund: 94% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hopewell Fund: 10 mo reserves · +5% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hopewell Fund: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hopewell Fund: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
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.
What they do
Health: hopewell's portfolio of health focus areas includes women's health, healthcare access, and reducing health disparities and avoidable infant mortality.
Youth development and education: hopewell's portfolio of youth development and education areas support the development and improvement of education in the u.s.
Other program services includes: international development & foreign affairs; and technology & innovation.
Contact & location
- Address
- 1828 L Street Nw Suite 300-d, Washington, DC, 20036
- City
- Washington
- State
- District of Columbia
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $6.9M (FY2015) to $208.0M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.1MNet assets $164.9M
Operating margin
5.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$172.9M
Total liabilities
$8.1M
Net assets
$164.9M
Salaries & benefits
$22.3M
11% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $208,022,501▲31.9% | $197,068,456▲25.9% | $164,864,135▲7.4% | $172,927,279▲1.4% | 990 |
| 2023 | $157,709,416▼11.4% | $156,563,563▼0.5% | $153,468,332▲0.9% | $170,485,420▼3.6% | 990 |
| 2022 | $178,097,921▲44.3% | $157,316,014▲28.9% | $152,057,720▲16.7% | $176,857,021▲10.8% | 990 |
| 2021 | $123,385,939▼19.0% | $122,053,314▼4.4% | $130,348,831▲0.6% | $159,581,623▼0.3% | 990 |
| 2020 | $152,371,332▲75.2% | $127,636,237▲18.5% | $129,548,465▲52.2% | $160,094,021▲18.6% | 990 |
| 2019 | $86,964,726▲30.0% | $107,689,308▲37.9% | $85,107,202▼19.3% | $135,001,987▲3.6% | 990 |
| 2018 | $66,892,414▼48.8% | $78,113,237▲171% | $105,422,530▼9.3% | $130,298,757▲9.1% | 990 |
| 2017 | $130,616,293▲689% | $28,843,397▲269% | $116,226,461▲686% | $119,425,489▲661% | 990 |
| 2016 | $16,552,056▲140% | $7,818,000▲831% | $14,789,805▲144% | $15,703,008▲139% | 990 |
| 2015 | $6,895,271 | $839,522 | $6,055,749 | $6,576,500 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Courtney Cuff — $359,880 (0.18% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Courtney Cuff | Project Director | 40 | $359,880 |
| Sharona Roth | Project Director | 40 | $340,974 |
| Sarah Pray | Project Director | 40 | $263,204 |
| Meagan Cavanaugh | Project Director | 40 | $254,949 |
| Melanie Gelling Zurek | Project Director | 40 | $250,207 |
| Andrew Schulz | General Counsel | 1 | — |
| Cheryl Contee | Secretary & Treasurer | 1 | — |
| Lee Bodner | Board Chair and President | 1 | — |
| Marissa Padilla | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Elias Law Group | Legal Services | $9,303,117 |
| Arabella Advisors | Admin. & Operational Support Services | $9,271,962 |
| Incite Studio LLC | Media & Design Services | $904,945 |
| Workandco International Inc | Technology Services | $767,025 |
| The Boardroom LLC | Consulting Services | $511,340 |
Grants received · $525.3M total
282 grants to Hopewell Fund totaling $525.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Impactassets Inc | General support | 2024 | $11,261,500 |
| Silicon Valley Community Foundation | General nonprofit support | 2024 | $7,379,500 |
| New Venture Fund | Civil rights, social action, advocacy | 2024 | $4,441,891 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $2,527,360 |
| Foundation For the Carolinas | Charitable gift | 2024 | $2,100,000 |
| Sixteen Thirty Fund | Civil rights, social action, advocacy | 2024 | $1,395,000 |
| Rockefeller Philanthropy Advisors Inc | Civil rights, social action & advocacy, philanthropy, voluntarism & grantmaking foundations, civil rights, social action & advocacy, health care, civil rights, social action & advocacy, community improvement & capacity building, public & societal benefit, science & technology, philanthropy, voluntarism & grantmaking foundations | 2024 | $860,000 |
| Amalgamated Charitable Foundation Inc | General operating support and project support | 2024 | $668,000 |
| Tides Foundation | Healthy individuals and communities | 2024 | $650,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $620,000 |
| Columbus Foundation | Advancing philanthropy | 2024 | $250,000 |
| American Endowment Foundation | Philanthropy | 2024 | $210,000 |
| Greater Kansas City Community Foundation | Public, societal benefit | 2024 | $205,945 |
| North Fund | Health | 2024 | $150,000 |
| The Community Foundation of Utah | General support | 2024 | $135,000 |
Grants made · $112.3M in FY2024
256 grants totaling $112.3M in FY2024 — showing the 15 largest. All grants made by Hopewell Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| New Venture Fund | Civil rights, social action, advocacy | $11,045,000 |
| Sixteen Thirty Fund | Civil rights, social action, advocacy | $8,296,066 |
| Voteamerica Inc | Civil rights, social action, advocacy | $7,050,000 |
| Americans For Contraception | Health | $4,766,850 |
| Vote Forward | Civil rights, social action, advocacy | $4,758,391 |
| American Independent Foundation | Civil rights, social action, advocacy | $3,330,000 |
| House Majority Forward | Civil rights, social action, advocacy | $2,830,000 |
| Fair Democracy | Civil rights, social action, advocacy | $2,600,000 |
| Priorities USA Foundation | Civil rights, social action, advocacy | $2,570,000 |
| Floridians Protecting Freedom | Ballot measure - civil rights, social action, advocacy | $2,542,000 |
| Our American Future Foundation | Civil rights, social action, advocacy | $2,500,000 |
| Vote Rev Action Fund | Civil rights, social action, advocacy | $2,255,250 |
| A Preferred Women's Health Center | Health | $1,865,590 |
| The Fairness Project | Civil rights, social action, advocacy | $1,820,886 |
| Organizing Empowerment Project Inc | Civil rights, social action, advocacy | $1,750,000 |
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Frequently asked questions
- Is Hopewell Fund a legitimate nonprofit?
- Yes. Hopewell Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-3681860, based in Washington, District of Columbia. Donations are tax-deductible.
- What is Hopewell Fund's EIN?
- Hopewell Fund's Employer Identification Number (EIN) is 47-3681860.
- How much revenue does Hopewell Fund report?
- Hopewell Fund reported $208,022,501 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hopewell Fund's spending goes to programs?
- Hopewell Fund spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hopewell Fund have?
- CharityIndex grades Hopewell Fund A, based on program efficiency and fundraising cost.
- How much does Hopewell Fund's highest-paid employee make?
- The highest reported compensation on Hopewell Fund's latest Form 990 is $359,880, paid to Courtney Cuff (Project Director).
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Data for Hopewell Fund (EIN 47-3681860) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.