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Virginia · Public charity

Cfa Institute

CFA INSTITUTE is the global, non-profit professional membership association that administers the chartered financial analyst (cfa) certificate, the certificate in investment performance measurement (cipm), and the certificate in esg investing and also provides professional learning courses. Examination programs are conducted worldwide…

$15M
Granted FY2024(still arriving)
71
Itemized grants FY2024
68
Organizations funded FY2023
3%
First-time grantees FY2023
Read the full brief
Itemized, FY2024
$4.1M
The rest is grants the schedule does not break out
Median grant, FY2024
$39,258
Largest grant, FY2024
$458,061
Organizations funded a year
68 to 77
FY2017 to FY2023
States reached, FY2024
42
Total assets, FY2024
$913M

How open it is to new grantees

In FY2023, 3% of the organizations Cfa Institute funded were first-time grantees, receiving 14% of its grant dollars.

New vs renewed · share of each year

In FY2023, 86% of grant dollars renewed an existing relationship; $556k went to new ones.

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

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

’18’19’20’21’22’23
EducationArts & CultureCommunity ImprovementPublic BenefitInternationalOther
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.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving71$4.1M3%
FY202368$4.1M3%
FY202272$5.2M3%
FY202171$5.2M1%
FY202069$7.0M0%
FY201975$7.4M8%
FY201877$6.4M8%
FY201776$6.0Mn/a
100% classified

What it funded, over time

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

Social Science$24MCommunity Improvement$15MEmployment$4.0MEducation$490kHuman Services$444kYouth Development$436kPublic Benefit$339kMembership Benefit$332kOther$0

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

ME
VT
WA
ID
MN
IL
WI
MI
NY
MA
OR
NV
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
KY
VA
MD
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

Top grantees

Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Graham Center Inc$4,827,001619%
Cfa Society Boston Inc$2,217,544818%
Cfa Institute Research Foundation$2,135,290776%
Cfa Society Chicago$2,047,517820%
Cfa Society San Francisco$1,832,866827%
The Aspen Institute Inc$1,750,00031%
Cfa Society of Los Angeles Inc$1,418,677824%
Cfa Society Philadelphia Inc$1,278,552835%
Cfa Society Atlanta Inc$1,210,086857%
CFA Society Washington DC$1,130,978827%
Show all 95 grantees
All grantees of Cfa Institute by total granted
GranteeTotal grantedYearsShare of their budget
Graham Center Inc$4,827,001619%
Cfa Society Boston Inc$2,217,544818%
Cfa Institute Research Foundation$2,135,290776%
Cfa Society Chicago$2,047,517820%
Cfa Society San Francisco$1,832,866827%
The Aspen Institute Inc$1,750,00031%
Cfa Society of Los Angeles Inc$1,418,677824%
Cfa Society Philadelphia Inc$1,278,552835%
Cfa Society Atlanta Inc$1,210,086857%
CFA Society Washington DC$1,130,978827%
Cfa Society of Nc$1,037,285838%
Cfa Society New York Inc$985,540211%
CFA Society of Minnesota$810,130826%
Cfa Society of Colorado$805,273839%
Cfa Society of Seattle$794,250851%
Cfa Society of Dallasfort Worth$749,608829%
Cfa Society of Houston$635,150851%
Cfa Society of St Louis$583,183849%
Cfa Society Baltimore Inc$518,752849%
Cfa Society San Diego Inc$494,179840%
CFA Society Orange County$476,754868%
Cfa Society of Pittsburgh$475,135864%
CFA Tampa Bay Inc co Ideas Inc$456,205864%
Cfa Society of Iowa Inc Dba Cfa Society Iowa$454,323839%
Cfa Society of Stamford Inc$450,285853%
Cfa Society of Milwaukee Inc$441,561847%
CFA Society Oklahoma$436,030869%
Cfa Society Phoenix$434,169842%
Cfa Society of Austin$431,666844%
Cfa Society Cleveland$421,020833%
Cfa Virginia$402,819880%
Cfa Society of Portland Inc$400,199856%
Cfa Societies of Texas$394,301877%
The Cfa Society of Detroit Inc$391,559837%
Cfa Society Kansas City$385,339858%
Cfa Miami Inc$378,231856%
The Cfa Society of Orlando Inc$375,110849%
Cfa Society of Nashville$358,319864%
Center for Nonprofit Excellence$356,770313%
Cfa Society of South Florida Inc$352,799866%
Cfa Society of Nebraska Inc$346,513845%
Cfa Society of Cincinnati Inc$341,725853%
Indianapolis Society of Financial Analysts Inc$340,584852%
Cfa Society of Rochester$332,109867%
CFA Society South Carolina$321,846868%
CFA Society Jacksonville$312,7338n/a
Cfa Society Memphis$311,118871%
Cfa Society of Salt Lake$304,219766%
C F a Society of Madison$301,514850%
Cfa Hawaii$299,114877%
Cfa Society of Alabama Inc$295,742855%
CFA Society Hartford$293,5715n/a
Cfa Society of Buffalo Inc$288,773888%
CFA Society of San Antonio$281,778842%
The Cfa Society of New Mexico$279,901889%
Cfa Society Spokane Inc$268,7298n/a
Cfa Society of Columbus$267,901837%
Maine Security Analysts Society$266,6378n/a
Arkansas Financial Analysts Society$256,2058n/a
CFA Society of Naples Inc$254,245869%
Cfa Society of Sacramento$252,735871%
CFA Society Tucson$246,7768n/a
CFA Society West Michigan$244,9076n/a
Cfa Society Providence$243,388874%
Cfa Society of Louisiana$238,985887%
CFA Society of Idaho$238,6828n/a
Cfa Society of Mississippi$234,673887%
CFA Society Nevada$216,5028n/a
Vermont Cfa Society$199,1127n/a
CFA Society Louisville$192,9185n/a
Dayton Cfa Society$191,1958n/a
Senior Center Inc$187,75023%
Cfa Society East Tennessee$177,8805n/a
Cfa Society Hartford Inc$175,450338%
CFA Society Salt Lake$163,2651n/a
Charlottesville City Schools$132,0942n/a
Cfa Society of East Tennessee$94,6773n/a
CFA Society of Louisville$89,525348%
Greater Charlottesville Habitat for Humanity Inc$80,00011%
Regulatory Compliance Association Inc$70,00026%
Cfa West Michigan Society$55,9122n/a
The Institute for the Fiduciary Standard$30,0003n/a
Quinnipiac University$20,00010%
Greenwich Roundtable Inc$15,00016%
Virginia Foundation for the Humanities and Public Policy$15,00010%
Cornell University$15,00010%
National Association of Securities Professionals$15,0001n/a
Marsh USA Inc$13,1161n/a
Johns Hopkins University$10,00010%
Sifma Foundation for Investor Education (Fie) Inc$10,00010%
The Principia Corporation$10,00010%
Northern Illinois University Foundation$10,00010%
Presidential Precinct$10,00012%
Charlottesville Pride Community Network$10,0001n/a
Institute of Management Accountants Inc$10,00010%

Where it is load-bearing

Cfa Institute supplied at least a quarter of the budget for 54 of its grantees at some point. The chart plots its 74 largest grantees; load-bearing ones sit top left.

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetGraham Center Inc: $4,827,001 over 6y, 19% of budgetCfa Society Boston Inc: $2,217,544 over 8y, 18% of budgetCfa Institute Research Foundation: $2,135,290 over 7y, 76% of budgetCfa Society Chicago: $2,047,517 over 8y, 20% of budgetCfa Society San Francisco: $1,832,866 over 8y, 27% of budgetThe Aspen Institute Inc: $1,750,000 over 3y, 0.6% of budgetCfa Society of Los Angeles Inc: $1,418,677 over 8y, 24% of budgetCfa Society Philadelphia Inc: $1,278,552 over 8y, 35% of budgetCfa Society Atlanta Inc: $1,210,086 over 8y, 57% of budgetCFA Society Washington DC: $1,130,978 over 8y, 27% of budgetCfa Society of Nc: $1,037,285 over 8y, 38% of budgetCfa Society New York Inc: $985,540 over 2y, 11% of budgetCFA Society of Minnesota: $810,130 over 8y, 26% of budgetCfa Society of Colorado: $805,273 over 8y, 39% of budgetCfa Society of Seattle: $794,250 over 8y, 51% of budgetCfa Society of Dallasfort Worth: $749,608 over 8y, 29% of budgetCfa Society of Houston: $635,150 over 8y, 51% of budgetCfa Society of St Louis: $583,183 over 8y, 49% of budgetCfa Society Baltimore Inc: $518,752 over 8y, 49% of budgetCfa Society San Diego Inc: $494,179 over 8y, 40% of budgetCFA Society Orange County: $476,754 over 8y, 68% of budgetCfa Society of Pittsburgh: $475,135 over 8y, 64% of budgetCFA Tampa Bay Inc co Ideas Inc: $456,205 over 8y, 64% of budgetCfa Society of Iowa Inc Dba Cfa Society Iowa: $454,323 over 8y, 39% of budgetCfa Society of Stamford Inc: $450,285 over 8y, 53% of budgetCfa Society of Milwaukee Inc: $441,561 over 8y, 47% of budgetCFA Society Oklahoma: $436,030 over 8y, 69% of budgetCfa Society Phoenix: $434,169 over 8y, 42% of budgetCfa Society of Austin: $431,666 over 8y, 44% of budgetCfa Society Cleveland: $421,020 over 8y, 33% of budgetCfa Virginia: $402,819 over 8y, 80% of budgetCfa Society of Portland Inc: $400,199 over 8y, 56% of budgetCfa Societies of Texas: $394,301 over 8y, 77% of budgetThe Cfa Society of Detroit Inc: $391,559 over 8y, 37% of budgetCfa Society Kansas City: $385,339 over 8y, 58% of budgetCfa Miami Inc: $378,231 over 8y, 56% of budgetThe Cfa Society of Orlando Inc: $375,110 over 8y, 49% of budgetCfa Society of Nashville: $358,319 over 8y, 64% of budgetCenter for Nonprofit Excellence: $356,770 over 3y, 13% of budgetCfa Society of South Florida Inc: $352,799 over 8y, 66% of budgetCfa Society of Nebraska Inc: $346,513 over 8y, 45% of budgetCfa Society of Cincinnati Inc: $341,725 over 8y, 53% of budgetIndianapolis Society of Financial Analysts Inc: $340,584 over 8y, 52% of budgetCfa Society of Rochester: $332,109 over 8y, 67% of budgetCFA Society South Carolina: $321,846 over 8y, 68% of budgetCfa Society Memphis: $311,118 over 8y, 71% of budgetCfa Society of Salt Lake: $304,219 over 7y, 66% of budgetC F a Society of Madison: $301,514 over 8y, 50% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 74.

Nonprofits that may fit its grantmaking

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.

Charlottesville Area Community FoundationVA17.5× affinity7 shared granteesties to 7 of 7Hover any node to trace its alignments.Compare side by side →

Open a dossier: Charlottesville Area Community Foundation · The Genan Foundation · Vanguard Charitable Endowment Program · National Philanthropic Trust · 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.

Compare Cfa Institute with peer funders

About Cfa Institute

How much does Cfa Institute give?
Cfa Institute reported 71 itemized grants totaling $4,137,447, out of $15,459,313 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 68 and 77 organizations a year over FY2017 to FY2023.
What does Cfa Institute fund?
By grant dollars over FY2017 to FY2024, its largest causes are Social Science (52%), Community Improvement (33%), Employment (9%).
Who are Cfa Institute's largest grantees?
By total granted over FY2017 to FY2024: Graham Center Inc ($4.8M), Cfa Society Boston Inc ($2.2M), Cfa Institute Research Foundation ($2.1M).
Does Cfa Institute fund new organizations?
In FY2023, 3% of the organizations it funded were first-time grantees.
Which funders back the same organizations as Cfa Institute?
Its strongest co-funders, measured against what their size predicts, include Charlottesville Area Community Foundation, The Genan Foundation, Vanguard Charitable Endowment Program.
Where is Cfa Institute based?
Cfa Institute is based in VA.

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 97 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

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