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Securities Industry and Financial Markets Association at a glanceAlso receives grants: funding profile →

· Public charity

Securities Industry and Financial Markets Association

See schedule osifma is the voice of the nation's securities industry, bringing together the shared interests of hundreds of broker-dealers, investment banks, and asset managers.

$287k
Granted FY2025still arriving
16
Grants FY2025still arriving
5
States reached
$55k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
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.

Education$597kPublic Benefit$417kSocial Science$193kArts & Culture$185kPhilanthropy$145kHealth$104kHuman Services$97kCommunity Improvement$70kOther$0
02FY2025 · 16 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 16 grants below total $253,500, the rows itemized in this filing. The $286,964 headline is the total grant expense on the return; the other $33,464 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • Under $10k4 grants · $32k
  • $10k–50k11 grants · $167k
  • $50k–250k1 grant · $55k
$10,000
Median grant
5
States reached
$73M
Total assets
Largest grants
RecipientAmount
COMMITTEE ON CAPITAL MARKETS REGULATION INC$55,000
TAX FOUNDATION$45,000
SIFMA FOUNDATION FOR INVESTOR EUDCATION (FIE) INC$25,000
WOMENS INSTITUTE FOR A SECURE RETIREMENT$15,000
PREVENT CANCER FOUNDATION$12,000
NATIONAL ADULT PROTECTIVE SERVICES ASSOCIATION$10,000
US CAPITOL HISTORICAL SOCIETY$10,000
SECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY$10,000
NCSL FOUNDATION FOR STATE LEGISLATURES$10,000
PROGRAM ON INTERNATIONAL FINANCIAL SYSTEM INC$10,000
MERIDIAN INTERNATIONAL CENTER$10,000
WOMEN IN FINANCIAL MARKETS$10,000
FORMER MEMBERS OF CONGRESS INC$8,000
WASHINGTON TENNIS & EDUCATION FOUNDATION$8,000
ASSOCIATION OF SECURITIES AND EXCHANGE COMMISSION ALUMN INC$8,000
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 (FY17–25) land where the poverty rate runs at 12%, against an area that typically sits at 8%. 98% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 8%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $55k → 8%SCHOLARSHIP AMERICA: $18k → 9%Bipartisan Policy Center: $100k → 14%CENTER FORWARD: $30k → 6%PREVENT CANCER FOUNDATION: $12k → 9%NATIONAL CAPITAL AREA COUNCIL: $13k → 8%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $55k → 8%SCHOLARSHIP AMERICA: $13k → 9%SIFMA Foundation for Investor Education Inc: $38k → 17%TAX FOUNDATION: $45k → 14%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $55k → 8%SIFMA FOUNDATION FOR INVESTOR EUDCATION (FIE) INC: $25k → 17%Americans for Tax Reform: $25k → 14%COMMITTEE ON CAPITAL MARKETS REGULATIONINC: $50k → 8%SIFMA FOUNDATION FOR INVESTOR EUDCATION (FIE) INC: $20k → 17%Americans for Tax Reform: $25k → 14%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $50k → 8%SIFMA FOUNDATION FOR INVESTOR EUDCATION (FIE) INC: $20k → 17%Competitive Enterprise Institute: $18k → 14%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $50k → 8%SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC: $15k → 17%Competitive Enterprise Institute: $18k → 14%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $50k → 8%Americans for Tax Reform: $15k → 14%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $50k → 8%COMMITTEE ON CAPITAL MARKETS REGULATION INC: $50k → 8%THE BARUCH COLLEGE FUND: $15k → 17%Program on International Financial Systems Inc: $20k → 8%PROGRAM ON INTERNATIONAL FINANCIAL SYSTEM INC: $15k → 8%Smithsonian American Art Museum: $28k → 14%CENTER FORWARD: $40k → 14%THE MEMORIAL FOUNDATION INC: $15k → 14%The Brookings Institution: $100k → 14%HERITAGE ACTION FOR AMERICA: $25k → 14%AMERICAN COUNCIL FOR CAPITAL FORMATION: $25k → 14%UNITED STATES CAPITOL HISTORICAL SOCIETY: $20k → 14%WOMEN'S INSTITUTE FOR A SECURE RETIREMENT: $20k → 14%UNITED STATES CAPITOL HISTORICAL SOCIETY: $13k → 14%WOMEN'S INSTITUTE FOR A SECURE RETIREMENT: $20k → 14%American Action Forum: $25k → 14%WOMENS INSTITUTE FOR A SECURE RETIREMENT: $20k → 14%American Action Forum: $25k → 14%WOMENS INSTITUTE FOR A SECURE RETIREMENT: $15k → 14%NAPSA: $18k → 14%WOMENS INSTITUTE FOR A SECURE RETIREMENT: $15k → 14%NATIONAL ADULT PROTECTION SERVICES ASSOCIATION: $18k → 14%WOMENS INSTITUTE FOR A SECURE RETIREMENT: $15k → 14%NATIONAL ADULT PROTECTION SERVICES ASSOCIATION: $18k → 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

MN
NY
MA
CO
VA
MD
AZ
TN
DC
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.

81%of every dollar goes to organizations it has funded before.
$1.7M · 19 repeat orgs$397k to everyone else

19 repeat relationships: 11 still active in FY2025, 8 since wound down; 5 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

19
10

Total granted

$1.7M
$316k

Median revenue growth · since first grant

+20%
+30%

Still filing today

100%
90%

New vs renewed · share of each year

In FY2025, 68% of grant dollars renewed an existing relationship; $81k 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
EducationPublic BenefitArts & CultureSocial SciencePhilanthropyHealthOther
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

  • CO
    COMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT
    9× · 2017–2025 · $465k · revenue +69%
  • NA
    National Adult Protective Services Association
    9× · 2017–2025 · $155k · revenue +475%
  • SF
    SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC
    5× · 2017–2025 · $118k · revenue +13%

Funded once

  • BIPARTISAN POLICY CENTER INCgraduated
    one grant, 2018 · $100k · revenue +86%
  • TB
    THE BROOKINGS INSTITUTION
    one grant, 2018 · $100k · revenue +19%
  • SMITHSONIAN INSTITUTIONgraduated
    one grant, 2018 · $28k · revenue +30%
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 Enterprise Institute for Public Policy Research

The american enterprise institute is a community of scholars and supporters committed to expanding liberty, increasing individual opportunity, and strengthening free enterprise. aei pursues these ideals through independent thinking and the…

Social Science
2
Peter G Peterson Institute for International Economics

The peterson institute for international economics (piie) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical…

Social Science
3
The George Washington University

The mission of the george washington university (gw) is to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, and to conduct scholarly research and publish the findings…

Education
4
American Foreign Service Association

American foreign service association (afsa) is both the principal advocate for the long-term institutional wellbeing of the professional career foreign service and responsible for safeguarding the interest of afsa members. (continued on…

—
5
United States Naval Institute

Provide an independent forum for those who dare to read, think, speak, and write to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

—
6
Council On Foreign Relations Inc

The council on foreign relations (cfr) is an independent, nonpartisan membership organization, think tank, and publisher dedicated to being a resource for its members, government officials, business executives, journalists, educators and…

International
7
Institute of International Finance

To support financial industry in prudently managing risks and to foster global financial stability.

—
8
The American College of Trust and Estate Counsel

Enhance the ability of actec members to provide the most efficient and highest quality services to their clients; develop qualified trust and estate counselors; improve and reform probate, trust and tax laws, procedures, and standards of…

Community Improvement
9
Education Commission of the States

The mission of education commission of the states is to advocate for attaining educational excellence for all and to help state leaders identify, develop and implement public policy for education that addresses current and future needs of…

Education
10
The International Institute for Strategic Studies - Us

To provide accurate, objective information and analysis on international strategic issues for legislators, diplomats, foreign affairs analysts, international business leaders, economists, the military, defense commentators, journalists,…

International
11
Aacsb International - the Association to Advance Collegiate Schools of Business

Aacsb international provides quality assurance of business school programs, the latest in business education intelligence, thought leadership, and learning and development services.

Education
12
Open Markets Institute

The open markets institute works to help people relearn how to use competition policy to build stronger democracies, more just and equitable societies, more innovative and sustainable economies, and a more secure and peaceful world.

Education
How this is measured
The grantee most central to the portfolio’s shape is American Council for Capital Formation; the most unlike its peers is Women in Financial Markets. 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

33 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. 33 of the 34 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)
6
Early backer (in before they grew)
33/33
Grantees still filing
23/33
Grew since first funded

Where the money sits, by cause and then by grantee

COMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT: $465,000 · EducationCOMMITTEE ON CAPITAL MARKETS REGULATION…WOMEN'S INSTITUTE FOR A SECURE RETIREMENT: $105,000 · EducationWOMEN'S INSTITUTE FOR A SECURE RETIREME…PROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC: $62,500 · EducationPROGRAM ON INTERNATIONAL FINANCIAL SYST…SCHOLARSHIP AMERICA INC: $30,450 · EducationResearch Foundation of the City University of New York: $25,000 · Education+2 more: $30,000 · EducationBIPARTISAN POLICY CENTER INC: $100,000 · Public BenefitBIPARTISAN POLICY C…NCSL FOUNDATION FOR STATE LEGISLATURES: $77,500 · Public BenefitNCSL FOUNDATION FOR…CENTER FORWARD: $70,000 · Public BenefitCENTER FORWARDFORMER MEMBERS OF CONGRESS: $62,000 · Public BenefitFORMER MEMBERS OF C…TAX FOUNDATION: $45,000 · Public BenefitTAX FOUNDATIONSIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC: $117,500 · Social ScienceSIFMA FOUNDATI…THE BROOKINGS INSTITUTION: $100,000 · Social ScienceTHE BROOKINGS …AMERICAN ACTION FORUM INC: $50,000 · Social ScienceAMERICAN ACTIO…UNITED STATES CAPITOL HISTORICAL SOCIETY: $92,500 · Arts & CultureUNITED STAT…SECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY: $70,000 · Arts & CultureSECURITIES …SMITHSONIAN INSTITUTION: $27,500 · Arts & CultureSMITHSONIAN…THE MEMORIAL FOUNDATION INC: $15,000 · Arts & CultureTHE MEMORIA…Americans for Tax Reform: $65,000 · OtherAmericans for …AMERICAN COUNCIL FOR CAPITAL FORMATION: $35,000 · OtherAMERICAN COUNC…COMPETITIVE ENTERPRISE INSTITUTE: $35,000 · OtherCOMPETITIVE EN…NATIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA: $13,000 · OtherCONGRESSIONAL CLUB MUSEUM AND FOUNDATION: $10,000 · OtherWOMEN IN FINANCIAL MARKETS: $10,000 · OtherPHOENIX CHILDRENS PROJECT: $8,900 · OtherWASHINGTON TENNIS & EDUCATION FOUNDATION: $56,875 · OtherWASHINGTON TEN…MERIDIAN INTERNATIONAL CENTER: $10,000 · Other+2 more: $15,500 · Other+2 moreNational Adult Protective Services Association: $154,500 · PhilanthropyGARY SINISE FOUNDATION: $6,872 · PhilanthropyPrevent Cancer Foundation aka Cancer Research & Prevention Fndn: $91,000 · HealthHERITAGE ACTION FOR AMERICA: $25,000 · Health
Education$717,950Public Benefit$354,500Social Science$267,500Arts & Culture$205,000Other$259,275Philanthropy$161,372Health$116,000

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 budgetCOMMITTEE ON CAPITAL MARKETS REGULATION INC C/O HAL S SCOTT: $465,000 over 9y, 2.4% of budgetNational Adult Protective Services Association: $154,500 over 9y, 4.6% of budgetSIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC: $117,500 over 5y, 0.9% of budgetWOMEN'S INSTITUTE FOR A SECURE RETIREMENT: $105,000 over 6y, 3.5% of budgetBIPARTISAN POLICY CENTER INC: $100,000 over 1y, 0.5% of budgetTHE BROOKINGS INSTITUTION: $100,000 over 1y, 0.1% of budgetUNITED STATES CAPITOL HISTORICAL SOCIETY: $92,500 over 8y, 0.8% of budgetPrevent Cancer Foundation aka Cancer Research & Prevention Fndn: $91,000 over 9y, 0.2% of budgetNCSL FOUNDATION FOR STATE LEGISLATURES: $77,500 over 9y, 0.2% of budgetCENTER FORWARD: $70,000 over 2y, 0.4% of budgetSECURITIES AND EXCHANGE COMMISSION HISTORICAL SOCIETY: $70,000 over 7y, 2.7% of budgetAmericans for Tax Reform: $65,000 over 3y, 0.4% of budgetPROGRAM ON INTERNATIONAL FINANCIAL SYSTEMS INC: $62,500 over 5y, 0.6% of budgetFORMER MEMBERS OF CONGRESS: $62,000 over 8y, 0.3% of budgetWASHINGTON TENNIS & EDUCATION FOUNDATION: $56,875 over 7y, 0.3% of budgetAMERICAN COUNCIL FOR CAPITAL FORMATION: $35,000 over 2y, 2.1% of budgetCOMPETITIVE ENTERPRISE INSTITUTE: $35,000 over 2y, 0.3% of budgetSCHOLARSHIP AMERICA INC: $30,450 over 2y, 0.0% of budgetSMITHSONIAN INSTITUTION: $27,500 over 1y, 0.0% of budgetResearch Foundation of the City University of New York: $25,000 over 2y, 0.0% of budgetHERITAGE ACTION FOR AMERICA: $25,000 over 1y, 0.1% of budgetNEW YORK LAW SCHOOL: $20,000 over 2y, 0.0% of budgetTHE MEMORIAL FOUNDATION INC: $15,000 over 1y, 0.4% of budgetNATIONAL CAPITAL AREA COUNCIL BOY SCOUTS OF AMERICA: $13,000 over 1y, 0.1% of budgetCONGRESSIONAL CLUB MUSEUM AND FOUNDATION: $10,000 over 1y, 2.7% of budgetMERIDIAN INTERNATIONAL CENTER: $10,000 over 1y, 0.0% of budgetFordham University: $10,000 over 1y, 0.0% of budgetThe Economic Club of Washington DC: $7,500 over 1y, 0.1% of budgetGARY SINISE FOUNDATION: $6,872 over 1y, 0.1% 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.

Pharmaceutical Resear…AARPNcta - the Internet &…Edison Electric Insti…Bank Policy InstituteAmerican Fuel and Pet…Consumer Technology A…The Business Roundtab…American Gas Associat…Ctia - the Wireless A…American Petroleum In…Biotechnology Innovat…
Pharmaceutical Research and Manufacturers of AmericaDC17.1× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Pharmaceutical Research and Manufacturers of America · AARP · Ncta - the Internet & Television Association · Edison Electric Institute Inc · Bank Policy Institute · American Fuel and Petrochemical Manufacturers · Consumer Technology Association · The Business Roundtable Inc · American Gas Association · Ctia - the Wireless Association · American Petroleum Institute · Biotechnology Innovation Organization

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 Securities Industry and Financial Markets Association funds: left to right is the share of its income from government, bottom to top the share from Securities Industry and Financial Markets Association. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%0%1%3%5%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    5report 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.

    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 34 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 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Securities Industry and Financial Markets Association’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