North Carolina · Public charity
The Institute of Consumer Money Chen
Our mission is to create a sustainable financial future for consumers. We provide funding for the conducting of research and studies that promote positive spending behaviors and consumer asset building. We are committed to promoting financial literacy in our community and across the united states.
- $659k
- Granted FY2024(still arriving)
- 3
- Grants FY2024
- 6
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2024
- $227,700
- Largest grant, FY2024
- $381,000
- Organizations funded a year
- 1 to 6
- FY2018 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $5.4M
How open it is to new grantees
In FY2023, 50% of the organizations The Institute of Consumer Money Chen funded were first-time grantees, receiving 15% of its grant dollars.
New vs renewed · share of each year
In FY2023, 85% of grant dollars renewed an existing relationship; $120k 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 | 3 | $659k | 0% |
| FY2023 | 6 | $803k | 50% |
| FY2022 | 4 | $838k | 25% |
| FY2021 | 4 | $1.7M | 50% |
| FY2020 | 2 | $450k | 50% |
| FY2019 | 1 | $45k | 0% |
| FY2018 | 1 | $75k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2024.
Top grantees
Largest recipients by total granted, FY2018 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Nc State University | $2,437,935 | 7 | n/a |
| Duke University | $625,000 | 2 | 0% |
| Financial Health Network Inc | $470,000 | 3 | 1% |
| National Bureau of Economic Research Inc | $463,375 | 3 | 0% |
| WGBH Educational Foundation | $402,175 | 2 | 0% |
| Enterprising Women Foundation Inc | $150,000 | 2 | 34% |
Plus 2 recipients with no EIN on record ($20k), not named here.
Compare The Institute of Consumer Money Chen with peer funders
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About The Institute of Consumer Money Chen
- How much does The Institute of Consumer Money Chen give?
- The Institute of Consumer Money Chen reported 3 grants totaling $658,700 in its FY2024 IRS filing. It funded between 1 and 6 organizations a year over FY2018 to FY2023.
- What does The Institute of Consumer Money Chen fund?
- By grant dollars over FY2018 to FY2024, its largest causes are Science & Tech (52%), Education (15%), Community Improvement (13%).
- Who are The Institute of Consumer Money Chen's largest grantees?
- By total granted over FY2018 to FY2024: Nc State University ($2.4M), Duke University ($625k), Financial Health Network Inc ($470k).
- Does The Institute of Consumer Money Chen fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Where is The Institute of Consumer Money Chen based?
- The Institute of Consumer Money Chen is based in NC.
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