New York · Public charity
Acumen Fund Inc
Acumen's mission is to change the way the world tackles poverty by investing in companies, leaders and ideas.acumen is a global force of entrepreneurs, investors, philanthropists, and social innovators working together to build a world based on dignity. We were founded by jacqueline novogratz on the radical idea that business, when…
- $4.5M
- Granted FY2024(still arriving)
- 9
- Itemized grants FY2024
- 15
- Organizations funded FY2023
- 80%
- First-time grantees FY2023
- Itemized, FY2024
- $860k
- The rest is grants the schedule does not break out
- Median grant, FY2024
- $25,000
- Largest grant, FY2024
- $412,278
- Organizations funded a year
- 3 to 33
- FY2017 to FY2023
- States reached, FY2024
- 7
- Total assets, FY2024
- $218M
How open it is to new grantees
In FY2023, 80% of the organizations Acumen Fund Inc funded were first-time grantees, receiving 90% of its grant dollars.
New vs renewed · share of each year
In FY2023, 10% of grant dollars renewed an existing relationship; $1.0M went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2024still arriving | 9 | $860k | 33% |
| FY2023 | 15 | $1.2M | 80% |
| FY2022 | 3 | $338k | 100% |
| FY2021 | 10 | $725k | 30% |
| FY2020 | 33 | $4.6M | 58% |
| FY2019 | 14 | $2.6M | 79% |
| FY2018 | 8 | $1.1M | 88% |
| FY2017 | 3 | $165k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Where its grants go
Grant dollars by states, across the years we hold.
Which US states its grants reach
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| 60 Decibels Inc | $1,581,013 | 3 | n/a |
| Id Insight Inc | $1,487,557 | 3 | 6% |
| Social Investment Managers and Advisors LLC | $1,000,000 | 1 | n/a |
| Acumen Capital Partners LLC | $712,278 | 2 | n/a |
| Regents of the University of California | $700,000 | 1 | n/a |
| Refugee Investment Network Inc | $484,986 | 2 | 29% |
| Biolite Inc | $457,500 | 6 | n/a |
| Climate Policy Initiative Inc | $374,279 | 1 | 2% |
| Tanager | $360,976 | 2 | 3% |
| University of San Diego | $275,000 | 2 | 0% |
Show all 61 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| 60 Decibels Inc | $1,581,013 | 3 | n/a |
| Id Insight Inc | $1,487,557 | 3 | 6% |
| Social Investment Managers and Advisors LLC | $1,000,000 | 1 | n/a |
| Acumen Capital Partners LLC | $712,278 | 2 | n/a |
| Regents of the University of California | $700,000 | 1 | n/a |
| Refugee Investment Network Inc | $484,986 | 2 | 29% |
| Biolite Inc | $457,500 | 6 | n/a |
| Climate Policy Initiative Inc | $374,279 | 1 | 2% |
| Tanager | $360,976 | 2 | 3% |
| University of San Diego | $275,000 | 2 | 0% |
| Burn Manufacturing Company | $259,150 | 2 | n/a |
| Myvillage LLC | $245,000 | 1 | n/a |
| Boulder Care Inc | $200,000 | 2 | n/a |
| Healthify Inc | $200,000 | 1 | n/a |
| Consejosano Inc | $187,500 | 2 | n/a |
| Climb Credit Inc | $185,000 | 1 | n/a |
| Earnup Inc | $185,000 | 2 | n/a |
| Esusu Financial Inc | $150,000 | 1 | n/a |
| Azimuth Group Corp | $143,055 | 3 | n/a |
| Simusolar Inc | $140,747 | 4 | n/a |
| Everytable Pbc | $120,000 | 2 | n/a |
| Resolve Innovations Inc | $113,505 | 2 | n/a |
| Mindright Health Inc | $100,000 | 1 | n/a |
| Bitwise Industries | $100,000 | 1 | n/a |
| Maziwa | $95,566 | 1 | 68% |
| Windgen Power USA Inc | $93,000 | 1 | n/a |
| Azahar Coffee Company LLC | $90,000 | 2 | n/a |
| Reema Health Inc | $87,000 | 1 | n/a |
| Staten Island Performing Provider System LLC | $85,000 | 2 | 3% |
| Promethean Powers System Inc | $85,000 | 2 | n/a |
| Kaizen Health Inc | $85,000 | 2 | n/a |
| Virginia Organizing Inc | $60,000 | 2 | 1% |
| City of Samaritans Pbc | $60,000 | 1 | n/a |
| Sanergy Inc | $55,000 | 2 | n/a |
| Sanergy Inc | $50,491 | 1 | 2% |
| Zing Health Enterprises LP | $50,000 | 1 | n/a |
| Regents of the University of Michigan | $50,000 | 2 | n/a |
| Solstice Power Technologies Inc | $50,000 | 1 | n/a |
| Hello Future Inc | $50,000 | 1 | 42% |
| Parity Lab Inc | $50,000 | 1 | 27% |
| The Resolution Project Inc | $50,000 | 2 | 2% |
| Fresno Area Hispanic Foundation | $50,000 | 1 | 1% |
| Regents of the University of California at Berkeley | $50,000 | 1 | n/a |
| Upchieve Inc | $50,000 | 1 | 10% |
| Busara Center for Behavioral Economics Inc | $50,000 | 1 | 1% |
| Kheyti Inc | $50,000 | 1 | n/a |
| Shimmy Technologies Inc | $50,000 | 1 | n/a |
| Brck Inc | $50,000 | 1 | n/a |
| Farmbox Direct Inc | $40,000 | 2 | n/a |
| Attane Health | $40,000 | 2 | n/a |
| Worklife Inc | $25,000 | 1 | 12% |
| City of Samaritan | $25,000 | 1 | n/a |
| Acumen Latam Capital Partners LLC - Alive | $20,000 | 1 | n/a |
| Enlight Institute | $19,500 | 1 | n/a |
| Handsome App Inc | $18,000 | 1 | n/a |
| Enzi Inc | $17,836 | 1 | n/a |
| Imani Collective | $14,514 | 1 | 2% |
| Starfish International | $13,028 | 1 | n/a |
| RefuSHE Inc | $12,103 | 1 | 0% |
| Rasa Public Benefit Corporation | $10,000 | 1 | n/a |
| Zeraki Inc | $10,000 | 1 | n/a |
Where it is load-bearing
Acumen Fund Inc supplied at least a quarter of the budget for 4 of its grantees at some point. The chart plots its 18 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
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.
Open a dossier: Gates Foundation · Rockefeller Philanthropy Advisors Inc · Tides Foundation · Silicon Valley Community Foundation · Jpmorgan Chase Foundation · National Philanthropic Trust · American Online Giving Foundation Inc · Fidelity Investments Charitable Gift Fund · Donor Advised Charitable Giving Inc · Amazonsmile Foundation
How this is measured
About Acumen Fund Inc
- How much does Acumen Fund Inc give?
- Acumen Fund Inc reported 9 itemized grants totaling $860,441, out of $4,469,354 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 3 and 33 organizations a year over FY2017 to FY2023.
- What does Acumen Fund Inc fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Food & Nutrition (25%), Community Improvement (19%), Public Safety & Disaster (15%).
- Who are Acumen Fund Inc's largest grantees?
- By total granted over FY2017 to FY2024: 60 Decibels Inc ($1.6M), Id Insight Inc ($1.5M), Social Investment Managers and Advisors LLC ($1.0M).
- Does Acumen Fund Inc fund new organizations?
- In FY2023, 80% of the organizations it funded were first-time grantees.
- Which funders back the same organizations as Acumen Fund Inc?
- Its strongest co-funders, measured against what their size predicts, include Gates Foundation, Rockefeller Philanthropy Advisors Inc, Tides Foundation.
- Where is Acumen Fund Inc based?
- Acumen Fund Inc is based in NY.
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