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Fund 25 at a glance

· Private foundation

Fund 25

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$3k
Granted FY2025still arriving
3
Grants FY2025still arriving
3
States reached
$2k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0199% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Civil Rights$723kReligion$175kArts & Culture$48kHealth$42kCrime & Legal$27kEducation$11kInternational$2kRecreation & Sports$2kOther$0
02FY2025 · 3 grants

Where the money goes

Grants by size, and the largest recipients.

$500
Median grant
3
States reached
$84
Total assets
Largest grants
RecipientAmount
ALDERT ROOT EDUCATIONAL FOUNDATION$2,000
Individual grant recipient$500
PRINCETON UNIVERSITY$500
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:

Its human-services grants (FY18–20, $2k) land where the poverty rate runs at 17%, against an area that typically sits at 10%. 95% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%WOMEN'S REFUGEE COMMISSION: $1k → 17%INTERFAITH FOOD SHUTTLE: $100 → 8%WOMEN'S REFUGEE COMMISSION: $1k → 17%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

VT
WA
IL
NY
MA
NJ
CT
CA
MD
NC
DC
AL
GA
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.

94%of every dollar goes to organizations it has funded before.
$960k · 15 repeat orgs$59k to everyone else

Grantees it renews have grown median revenue +71% since the first grant, against +46% for those funded once.

15 repeat relationships: 2 still active in FY2025, 13 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

15
23

Total granted

$960k
$58k

Median revenue growth · since first grant

+71%
+46%

Still filing today

93%
57%

New vs renewed · share of each year

In FY2025, 83% of grant dollars renewed an existing relationship; $500 went to new ones.

50%100%’17’18’19’20’21’22’23’24’25
RenewedFirst-time

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

’17’18’19’20’21’22’23’24’25
Crime & LegalHealthCivil RightsEducationReligionArts & CultureOther
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

  • FJ
    FORWARD JUSTICE
    6× · 2019–2024 · $425k · revenue +41%
  • PS
    PROJECT SOUTH INC
    6× · 2017–2022 · $220k · revenue +127%
  • AR
    Alternate RootsInc
    2× · 2018–2019 · $40k · revenue +166%

Funded once

  • SOUTHERNERS ON NEW GROUND INCgraduated
    one grant, 2017 · $20k · revenue +41%
  • AR
    ALTERNATE ROOTSSPIRIT HOUSE
    one grant, 2017 · $20k
  • PH
    PEOPLE'S HARM REDUCTION COALITION
    one grant, 2017 · $5k
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
Forward Justice Action Network

Forward Justice Action Network is a nonprofit with the purpose to engage in educational and advocacy activities to promote political and grassroots support for public policies that advance racial social and economic justice in North…

Human Services
2
Jobs with Justice San Francisco

A long-term, strategic alliance of labor, community, faith-based, and student organizations working together to build greater economic power for workers and community members through employee rights at work and access to good jobs,…

Employment
3
Southern Center for Human Rights

The Southern Center for Human Rights is working for equality, dignity, and justice for people impacted by the criminal legal system in the Deep South. SCHR fights for a world free from mass incarceration, the death penalty, the…

Civil Rights
4
Action Institute Nc

Action institute nc is a community organization and citizens action group that organizes residents of low-wealth communities and constituencies most of whom are people of color- to represent their own interests on issues of social and…

—
5
New Disabled South Inc

To improve the lives of disabled people and build strong disability justice and rights movements in the South through research & knowledge building, advocacy & policy change, non-partisan voter engagement, and coalition building.

Health
6
New Disabled South Rising Inc

New Disabled South Rising is the advocacy arm of New Disabled South focusing on poverty and care, criminalization and democracy.

Civil Rights
7
American Civil Liberties Union of Northern California

The american civil liberties union of northern california (aclu nc union) defends and advances the principles of freedom, equality and justice contained in the united states constitution. aclu nc union, a california mutual benefit…

—
8
Forward Together

Forward Together is a national reproductive justice organization that centers people, families, and communities who experience reproductive oppression. They prioritize queer, trans, Black, Indigenous, and other peoples of color and utilize…

Health
9
American Civil Liberties Union Foundation of Northern California Inc

The american civil liberties union foundation of northern california (aclu nc foundation) defends and advances the principles of freedom, equality and justice contained in the united states constitution. aclu nc foundation, a california…

—
10
Showing Up for Racial Justice Inc

Showing Up for Racial Justice (SURJ) is a national organization that brings hundreds of thousands of white people into fights for racial and economic justice. For too long, people at the top have hoarded wealth and power by using strategic…

—
11
Unitarian Universalist Justice Ministry of North Carolina

UU Justice of North Carolina joyfully organizes Unitarian Universalists to co-create a transformative movement for justice through spiritual grounding collaboration and imagination.

Religion
12
The International Institute On Race Equality and Human Rights

The international institute on race, equality and human rights contributes to the promotion and defense of human rights, through training, technical assistance, advocacy, and strategic litigation conducted at the regional and international…

International
How this is measured
The grantee most central to the portfolio’s shape is Southern Coalition for Social Justice; the most unlike its peers is Slow Money Nc. 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

29 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. 29 of the 40 grantees resolved in that span have returns of their own we could reconcile.

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

0
Load-bearing (≥25% of a budget)
10
Early backer (in before they grew)
28/29
Grantees still filing
21/29
Grew since first funded

Where the money sits, by cause and then by grantee

FORWARD JUSTICE: $425,000 · Crime & LegalFORWARD JUSTICESOUTHERN COALITION FOR SOCIAL JUSTICE: $40,000 · Crime & LegalSOUTHERN COALITION FOR SOCIAL JUSTICE+1 more: $2,000 · Crime & LegalPROJECT SOUTH INC: $220,000 · OtherPROJECT SOUTH INCALTERNATE ROOTSSPIRIT HOUSE: $20,000 · OtherALTERNATE ROOTSSPIRIT HOUSE+21 more: $19,750 · Other+21 moreRepairers of the Breach: $175,000 · ReligionRepairers of the Br…+1 more: $25 · ReligionAlternate RootsInc: $40,000 · Arts & CultureShakori Hills Community Arts Center Inc: $8,000 · Arts & CultureNATIONAL HARM REDUCTION COALITION: $34,000 · HealthTHE CHICAGO RECOVERY ALLIANCE: $2,500 · Health+1 more: $50 · HealthPROTEUS FUND INC: $15,000 · EducationALDERT ROOT ELEMENTARY EDUCATIONAL FOUNDATION: $8,500 · EducationThe Trustees of Princeton University: $2,500 · Education+1 more: $200 · EducationSOUTHERNERS ON NEW GROUND INC: $20,000 · Civil RightsThe Center for Media Justice DBA MediaJustice: $1,000 · Civil Rights+1 more: $50 · Civil Rights
Crime & Legal$467,000Other$259,750Religion$175,025Arts & Culture$48,000Health$36,550Education$26,200Civil Rights$21,050

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

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetFORWARD JUSTICE: $425,000 over 6y, 1.7% of budgetPROJECT SOUTH INC: $220,000 over 6y, 7.2% of budgetRepairers of the Breach: $175,000 over 2y, 4.0% of budgetAlternate RootsInc: $40,000 over 2y, 2.0% of budgetNATIONAL HARM REDUCTION COALITION: $34,000 over 3y, 0.4% of budgetSOUTHERNERS ON NEW GROUND INC: $20,000 over 1y, 0.8% of budgetPROTEUS FUND INC: $15,000 over 1y, 0.1% of budgetALDERT ROOT ELEMENTARY EDUCATIONAL FOUNDATION: $8,500 over 5y, 0.9% of budgetShakori Hills Community Arts Center Inc: $8,000 over 8y, 1.0% of budgetThe Trustees of Princeton University: $2,500 over 5y, 0.0% of budgetTHE CHICAGO RECOVERY ALLIANCE: $2,500 over 1y, 0.2% of budgetKIND INC: $2,000 over 2y, 0.0% of budgetWOMEN'S REFUGEE COMMISSION INC: $2,000 over 2y, 0.0% of budgetThe Center for Media Justice DBA MediaJustice: $1,000 over 1y, 0.1% of budgetSlow Money NC: $1,000 over 1y, 1.9% of budgetAMERICAN CIVIL LIBERTIES UNION OF NORTH CAROLINA INC: $1,000 over 2y, 0.1% of budgetSOUTHERN VISION ALLIANCE: $1,000 over 1y, 0.1% of budgetUNITED STATES SOCCER FOUNDATION INC: $1,000 over 2y, 0.0% of budgetPLM FAMILIES TOGETHER INC: $650 over 4y, 0.0% of budgetVERMONT LAND TRUST INC: $250 over 1y, 0.0% of budgetTHE MONTESSORI SCHOOL OF RALEIGH INC: $200 over 1y, 0.0% of budgetFOOD BANK OF CENTRAL & EASTERN NC INC: $100 over 1y, 0.0% of budgetINTER-FAITH FOOD SHUTTLE: $100 over 1y, 0.0% of budgetSave The Children Federation Inc: $50 over 1y, 0.0% of budgetNC Survivors Union Inc: $50 over 1y, 0.0% of budgetEQUAL JUSTICE INITIATIVE: $50 over 1y, 0.0% of budgetJOHNSON SERVICE CORPS: $25 over 1y, 0.0% 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.

Foundation to Promote…Triangle Community Fo…Wellspring Philanthro…Proteus Fund IncNEO Philanthropy IncAmalgamated Charitabl…The Ford FoundationDrug Policy AllianceAIDS UnitedPublic Welfare Founda…Z Smith Reynolds Foun…The Heising-Simons Fo…
Foundation to Promote Open SocietyNY19.4× affinity7 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Foundation to Promote Open Society · Triangle Community Foundation Inc · Wellspring Philanthropic Fund Inc · Proteus Fund Inc · NEO Philanthropy Inc · Amalgamated Charitable Foundation Inc · The Ford Foundation · Drug Policy Alliance · AIDS United · Public Welfare Foundation Inc · Z Smith Reynolds Foundation Inc · The Heising-Simons 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 Fund 25 funds: left to right is the share of its income from government, bottom to top the share from Fund 25. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 30%
  • Vermont Land Trust Inc: 42% of income from government
  • Save the Children Federation Inc: 30% of income from government
  • The Trustees of Princeton University: 11% of income from government
no gov moneyreceives it· size = income
1get no government money at all
6report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
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.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to Fund 25?

Find your warmest path to Fund 25 through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

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 40 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-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Fund 25’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