How much does The IV Fund give?

The IV Fund reported 56 grants totaling $4,078,550 in its FY2025 IRS filing. It funded between 30 and 42 organizations a year over FY2018 to FY2024.

What does The IV Fund fund?

By grant dollars over FY2017 to FY2025, its largest causes are Philanthropy (33%), Arts & Culture (14%), Recreation & Sports (11%).

Who are The IV Fund's largest grantees?

By total granted over FY2017 to FY2025: Northwestern University ($1.7M), Firebird Community Arts ($950k), The Management Center ($653k).

Does The IV Fund fund new organizations?

In FY2024, 19% of the organizations it funded were first-time grantees.

Does The IV Fund accept unsolicited applications?

Its most recent filing reports that it funds preselected organizations and does not take unsolicited requests. Check the foundation's own site before ruling it out.

Which funders back the same organizations as The IV Fund?

Its strongest co-funders, measured against what their size predicts, include Princeton Area Community Foundation Inc, Bristol-Myers Squibb Foundation Inc, The Hyde and Watson Foundation.

The IV Fund

The IV Fund at a glance

· Private foundation

The IV Fund

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.

$4.1M

Granted FY2025still arriving

Grants FY2025still arriving

States reached

$830k

Largest

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.

Philanthropy$4.8MArts & Culture$2.0MRecreation & Sports$1.7MCrime & Legal$1.4MHealth$1.3MCivil Rights$1.2MCommunity Improvement$664kPublic Benefit$606kOther$0

02FY2025 · 56 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

Under $10k14 grants · $55k
$10k–50k22 grants · $538k
$50k–250k15 grants · $1.2M
$250k+5 grants · $2.3M

$25,000

Median grant

States reached

$17M

Total assets

Largest grants
Recipient	Amount
AMERICAN GIFT FUND	$830,000
FIREBIRD COMMUNITY ARTS	$650,000
PULITZER CENTER ON CRISIS REPORTING	$300,000
JEWISH FEDERATION OF CLEVELAND	$250,000
AMERICAN CIVIL LIBERTIES UNION OF OHIO FOUNDATION INC	$250,000
JEWISH FEDERATION OF CLEVELAND	$200,000
PROPUBLICA INC	$150,000
NORTHWESTERN UNIVERSITY	$140,000
PLANNED PARENTHOOD OF GREATER OHIO	$80,000
THE INNOCENCE PROJECT INC	$75,000
FOUNTAIN HOUSE INC	$75,000
THE TRUST FOR PUBLIC LAND	$75,000
NORTHWESTERN UNIVERSITY	$60,000
THE MARSHALL PROJECT INC	$50,000
NORTHWESTERN UNIVERSITY	$50,000

02The need

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 (FY17–25, $326k) land where the poverty rate runs at 17%, against an area that typically sits at 12%. 99% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

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

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.

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 29% of The IV Fund’s grant dollars are earmarked for a different county than the recipient’s own address.

The IV Fundlessmore of its giving

Placed by recipient address · 5.1% directed abroad (not shown)

How this is measured

Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.

03Its grantees

repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

99%of every dollar goes to organizations it has funded before.

$9.6M · 53 repeat orgs$137k to everyone else

53 repeat relationships: 33 still active in FY2025, 20 since wound down; 6 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

Total granted

$9.6M

$89k

Median revenue growth · since first grant

+40%

+75%

Still filing today

77%

57%

New vs renewed · share of each year

In FY2025, 98% of grant dollars renewed an existing relationship; $47k went to new ones.

RenewedFirst-time

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

EducationCrime & LegalArts & CultureCivil RightsHuman ServicesHealthOther

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

Northwestern University
9× · 2017–2025 · $1.7M · revenue +41%
FC
FIREBIRD COMMUNITY ARTS
9× · 2017–2025 · $950k · revenue +461%
TM
THE MANAGEMENT CENTER
7× · 2017–2023 · $653k · revenue +143%

Funded once

NU
NORTHWESTERN UNIVERSITY STUDENT ENRICHMENT SERVICES
one grant, 2018 · $20k
The Trustees of Princeton University
one grant, 2017 · $20k · revenue +5%
PU
PRINCETON UNIVERSITY-LEWIS CENTER OF THE ARTS
one grant, 2018 · $10k

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.

Public Media Nj Inc

To bring quality public television programs and resources to communities throughout new jersey and its tri-state neighbors. its content, both on-air and online, aims to reflect the diverse

Arts & Culture

Npr Foundation

The npr foundation ("foundation") is organized and operated exclusively for the benefit of its sole supported organization, national public radio, inc. ("npr inc."). the foundation supports npr inc. through various activities such as…

—

Point Park University

Provides innovative education in a dynamic urban setting. dedicated to academic excellence and community engagement,we prepare students of diverse backgrounds with the knowledge, skill,and experience to lead meaningful lives as informed…

—

National Public Radio Inc

National public radio, inc. ("npr") works collaboratively with member public radio station licensees ("member stations") to create a more informed public, one that is challenged and invigorated by a deeper understanding and appreciation of…

Arts & Culture

The Paris Review Foundation Inc

The mission of the organization is to foster the development of creative individuals as writers and artists and to promote public appreciation of excellence in the literary and graphic arts by publishing a magazine containing fiction,…

Education

Partnership for Public Service Inc

Making our government work better is a daunting task, and we are a small organization seeking to transform a government that employs millions of civilians and manages trillions of dollars in taxpayer revenue needed to protect public…

Employment

Manhattan Institute for Policy Research Inc

The manhattan institute is a community of scholars, journalists, activists, and civic leaders dedicated to advancing opportunity, individual liberty, and the rule of law in america and its great cities.

Public Benefit

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

City Report Inc

CITY REPORT, INC. serves the people of New York through independent journalism that answers their information needs and holds the powerful to account.

Arts & Culture

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.

—

Nashville Public Radio

Nashville public radio's mission is to be the most trusted & independent nashville voice, connecting our communities through non-partisan journalism, compelling storytelling, civil conversation and music discovery.

Arts & Culture

University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education

How this is measured

The grantee most central to the portfolio’s shape is Pro Publica Inc; the most unlike its peers is Nassau Cooperative Nursery School. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.

05the grantee network

65 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. 65 of the 86 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.

Load-bearing (≥25% of a budget)

Early backer (in before they grew)

65/65

Grantees still filing

46/65

Grew since first funded

Where the money sits, by cause and then by grantee

Philanthropy$4,858,854Other$4,479,200Recreation & Sports$1,671,500Civil Rights$1,235,200Education$1,048,300Health$696,800Arts & Culture$638,500

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

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.

Princeton Area Community Foundation IncNJ26.4× affinity11 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Princeton Area Community Foundation Inc · Bristol-Myers Squibb Foundation Inc · The Hyde and Watson Foundation · Curtis W McGraw Foundation · The Ford Foundation · The Frank J Ryan and Jane E Ryan Family Foundation · John D and Catherine T Macarthur Foundation · Rockefeller Philanthropy Advisors Inc · The Robert Wood Johnson Foundation · National Philanthropic Trust · Tides Foundation · Sipprelle Charitable Corp

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 The IV Fund funds: left to right is the share of its income from government, bottom to top the share from The IV Fund. Bigger dots raise more.

2024

’20’21’22’23’24’25

no gov moneyreceives it· size = income

7get no government money at all

17report 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.

Play a game based on IV’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