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2040 Foundation Inc at a glanceAlso receives grants: funding profile →

· Public charity

2040 Foundation Inc

Accelerate America's clean energy future with conservative solutions.

$13M
Granted FY2024still arriving
11
Grants FY2024still arriving
6
States reached
$9.2M
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead

Read this first · the figures below need context

79% of 2040 Foundation Inc’s FY2024 grant dollars went to Goldman Sachs Philanthropy Fund, not to grantees.

Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2024 names 7 organizations directly, so a portfolio cannot be read from it.

Organizations named directly on the return

3
’17
3
’18
4
’19
7
’20
3
’21
4
’22
4
’23
7
’24

Amber years are those where most dollars went to a sponsor.

01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Environment$52MPhilanthropy$48MCommunity Improvement$864kHuman Services$500kCrime & Legal$300kScience & Tech$50kYouth Development$25kRecreation & Sports$25kOther$0
02FY2024 · 11 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k1 grant · $5k
  • $10k–50k2 grants · $35k
  • $50k–250k3 grants · $565k
  • $250k+5 grants · $12M
$245,000
Median grant
6
States reached
$91M
Total assets
Largest grants
RecipientAmount
Goldman Sachs Philanthropy Fund$9,234,729
Clearpath Inc$1,133,387
American Flood Coalition Inc$861,111
Schwab Charitable Fund$650,000
Carolina Immigration Law$300,000
American Conservation Coalition$245,000
1st Street Foundation$200,000
National Christian Charitable Foundation Inc$120,000
Foundation for the Carolinas$25,000
Joseph Rainey Center for Public Policy$10,000
Dilworth Center$5,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 15%, against an area that typically sits at 12%. 91% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 12%The Greenlight Fund: $414k → 16%Schwab Charitable Fund: $5.6M → 10%Goldman Sachs Philanthropy Fund: $10.2M → 17%1st Street Foundation: $4.5M → 20%The Mentoring Alliance: $100k → 12%The National Christian Foundation: $370k → 13%THE GREENLIGHT FUND: $150k → 16%Schwab Charitable Fund: $1.0M → 10%Goldman Sachs Philanthropy Fund: $9.2M → 17%1st Street Foundation: $3.6M → 20%The Mentoring Alliance: $100k → 12%SCHWAB CHARITABLE: $6.3M → 13%THE NATIONAL CHRISTIAN FOUNDATION: $329k → 13%The Greenlight Fund: $150k → 16%Schwab Charitable Fund: $691k → 10%Goldman Sachs Philanthropy Fund: $7.4M → 17%1st Street Foundation: $200k → 20%The Mentoring Alliance: $100k → 12%American Flood Coalition: $2.4M → 14%Schwab Charitable: $5.6M → 13%THE NATIONAL CHRISTIAN FOUNDATION: $220k → 13%THE GREENLIGHT FUND: $150k → 16%Schwab Charitable Fund: $650k → 10%Goldman Sachs Philanthropy Fund: $5.6M → 17%THE MENTORING ALLIANCE: $100k → 12%American Flood Coalition: $2.1M → 14%SCHWAB CHARITABLE: $4.2M → 13%Carolina Immigration Law: $300k → 10%The National Christian Foundation: $145k → 13%Schwab Charitable Fund: $500k → 10%Goldman Sachs Philanthropy Fund: $5.2M → 17%THE MENTORING ALLIANCE: $100k → 12%American Flood Coalition: $1.8M → 14%The National Christian Foundation: $120k → 13%Goldman Sachs Philanthropy Fund: $850k → 17%American Flood Coalition: $1.3M → 14%The National Christian Foundation: $120k → 13%American Flood Coalition: $1.1M → 14%National Christian Charitable Foundation Inc: $120k → 13%American Flood Coalition Inc: $861k → 14%The National Christian Foundation: $120k → 13%Clearpath Inc: $3.8M → 14%Clearpath Inc: $3.7M → 14%Clearpath Inc: $3.6M → 14%Clearpath Inc: $2.7M → 14%Clearpath Inc: $1.3M → 14%Clearpath Inc: $1.1M → 14%CLEARPATH INC: $1.1M → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WI
NY
MA
CA
NC
DC
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

99%of every dollar goes to organizations it has funded before.
$37M · 7 repeat orgs$516k to everyone else

Grantees it renews have grown median revenue +81% since the first grant, against 0% for those funded once.

7 repeat relationships: 4 still active in FY2024, 3 since wound down; 3 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

7
5

Total granted

$37M
$201k

Median revenue growth · since first grant

+81%
0%

Still filing today

100%
80%

New vs renewed · share of each year

In FY2024, 89% of grant dollars renewed an existing relationship; $315k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
EnvironmentPhilanthropyScience & TechCommunity ImprovementYouth DevelopmentCrime & LegalOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • CI
    CLEARPATH INC
    5× · 2020–2024 · $13M · revenue +160% · 54% of their budget
  • AF
    AMERICAN FLOOD COALITION INC
    6× · 2019–2024 · $9.6M · revenue +81% · 42% of their budget
  • GF
    GREENLIGHT FUND INC
    4× · 2017–2020 · $864k · revenue +215%

Funded once

  • EI
    ENERGY INNOVATION REFORM PROJECT
    one grant, 2017 · $66k · revenue -65%
  • CE
    Cool Effect Inc
    one grant, 2022 · $50k · revenue -24%
  • NATIONAL ACADEMY OF SCIENCES
    one grant, 2020 · $50k · revenue +3%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
American Gas Association

American gas association's (the association) mission is to develop and advocate for informed, innovative, and durable policy that fulfills our nation's energy needs, environmental aspirations and economic potential. we are committed to…

—
2
Environmental Investigation Agency

To establish and promote programs to protect the global climate, forests, wildlife and the natural environment, through research, advocacy, and investigation.

International
3
National Association of Corporate Directors

We empower directors and transform boards to be future ready.

Public Benefit
4
Climate Leadership Council Inc

To develop and promote a carbon dividends framework - based on carbon fees whose revenues are rebated to citizens through dividends - as the most cost-effective, equitable, and politically viable climate solution.

Environment
5
Coalition for Green Capital D/B/a American Green Bank Consortium

Cgc operates as a nonprofit financial institution that invests directly and through partners to transform financial markets by using public and private investing to accelerate the deployment of projects that strengthen the grid, reduce…

Environment
6
Climate Breakthrough Inc

To launch breakthrough climate mitigation efforts by identifying, supporting, and unleashing innovative leaders with transformative strategies.

Human Services
7
Amazon Conservation Association

Amazon conservation unites science, people, and innovation to protect the amazon - the greatest wild forest on earth. as guardians of the most iconic forest on the planet, we bring together the power of the latest science and technology…

Environment
8
Legal Advocates for Safe Science and Technology Inc

Using legal advocacy to make advances in science and technology safer for people and the planet.

Science & Tech
9
Climate Foundation

To research and develop healthy climate solutions comprising global food security, ecosystem regeneration and carbon balance in seas and soils.

Science & Tech
10
Climate Innovation Action Inc

To educate policymakers about climate policies generally and to directly advocate for specific legislation on climate change.

Environment
11
Ucsf Foundation Investment Company

The organization provides professional investment management services for endowed gifts and financial assets entrusted to the ucsf foundation.

Education
12
Environment Next Inc

Environment next supports individuals, nonprofits and businesses around the world on solutions to complex climate issues. we provide leadership, outreach and communication support, grants, and investments to empower leaders and their ideas…

Environment
How this is measured
The grantee most central to the portfolio’s shape is Clearpath Inc; the most unlike its peers is Dilworth Center for Chemical Dependency. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

19 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

3
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
18/19
Grantees still filing
12/19
Grew since first funded

Where the money sits, by cause and then by grantee

GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC: $38,480,673 · PhilanthropyGS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INCDONOR ADVISED CHARITABLE GIVING INC: $24,517,376 · PhilanthropyDONOR ADVISED CHARITABLE GIVING INC2040 Foundation Inc: $4,825,000 · Philanthropy2040 Foundation Inc+3 more: $1,606,800 · PhilanthropyCLEARPATH INC: $12,562,047 · EnvironmentCLEARPATH INCAMERICAN FLOOD COALITION INC: $9,601,340 · EnvironmentAMERICAN FLOOD COALITION …+3 more: $436,578 · Environment1st Street Foundation Inc: $8,320,000 · Other1st Stree…+3 more: $25,000 · OtherGREENLIGHT FUND INC: $864,125 · Community ImprovementMENTORING ALLIANCE: $500,000 · Youth DevelopmentCarolina Immigration Law: $300,000 · Crime & LegalNATIONAL ACADEMY OF SCIENCES: $50,000 · Science & Tech
Philanthropy$69,429,849Environment$22,599,965Other$8,345,000Community Improvement$864,125Youth Development$500,000Crime & Legal$300,000Science & Tech$50,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetGS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC: $38,480,673 over 6y, 0.4% of budgetDONOR ADVISED CHARITABLE GIVING INC: $24,517,376 over 8y, 0.2% of budgetCLEARPATH INC: $12,562,047 over 5y, 54% of budgetAMERICAN FLOOD COALITION INC: $9,601,340 over 6y, 42% of budget1st Street Foundation Inc: $8,320,000 over 3y, 59% of budget2040 Foundation Inc: $4,825,000 over 2y, 20% of budgetNATL CHRISTIAN CHARITABLE FDN INC: $1,544,300 over 8y, 0.0% of budgetGREENLIGHT FUND INC: $864,125 over 4y, 4.0% of budgetMENTORING ALLIANCE: $500,000 over 5y, 3.0% of budgetAMERICAN CONSERVATION COALITION INC: $320,350 over 2y, 4.8% of budgetENERGY INNOVATION REFORM PROJECT: $66,223 over 1y, 2.9% of budgetCool Effect Inc: $50,005 over 1y, 0.3% of budgetNATIONAL ACADEMY OF SCIENCES: $50,000 over 1y, 0.0% of budgetFOUNDATION FOR THE CAROLINAS: $37,500 over 2y, 0.0% of budgetESA'S FOUNDATION: $25,000 over 1y, 2.9% of budgetJOSEPH RAINEY CENTER FOR PUBLIC POLICY: $10,000 over 1y, 0.4% of budgetPROTECT OUR POWER: $10,000 over 1y, 0.9% of budgetDilworth Center for Chemical Dependency: $5,000 over 1y, 0.2% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Gs Donor Advised Phil…National Philanthropi…American Endowment Fo…Donor Advised Charita…American Online Givin…Fidelity Investments …Amazonsmile Foundation
Gs Donor Advised Philanthropy Fund for Wealth Management IncNY13.8× affinity6 shared granteesties to 6 of 6Hover any node to trace its alignments.Compare side by side →

Open a dossier: Gs Donor Advised Philanthropy Fund for Wealth Management Inc · National Philanthropic Trust · American Endowment Foundation · Donor Advised Charitable Giving Inc · American Online Giving Foundation Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization 2040 Foundation Inc funds: left to right is the share of its income from government, bottom to top the share from 2040 Foundation Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%4%15%34%60%funder's share of their income ↑0%19%38%56%75%share of the org’s income from government →median 0%
  • 1st Street Foundation Inc: 0% of income from government
no gov moneyreceives it· size = income
1get no government money at all
3report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–75%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 19 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on 2040’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home