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The Mind Trust Inc at a glanceMostly funded, not a grantmaker: see who funds it →

· Public charity

The Mind Trust Inc

The mind trust strives to provide every student in indianapolis and beyond with access to an excellent education.

$26M
Granted FY2025still arriving
53
Grants FY2025still arriving
4
States reached
$975k
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, FY2018 to 2025.

Education$54MPhilanthropy$6.3MYouth Development$2.8MArts & Culture$934kHuman Services$652kPublic Benefit$348kCommunity Improvement$224kScience & Tech$131kOther$0
02FY2025 · 53 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 53 grants below total $7,093,266, the rows itemized in this filing. The $26,415,087 headline is the total grant expense on the return; the other $19,321,821 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 · $30k
  • $10k–50k25 grants · $525k
  • $50k–250k12 grants · $1.2M
  • $250k+12 grants · $5.3M
$30,000
Median grant
4
States reached
$59M
Total assets
Largest grants
RecipientAmount
TEACH FOR AMERICA INC$975,000
CIRCLE CITY PREPARATORY INC$671,860
ENROLL INDY INC$575,000
TNTP INC$550,000
STAND FOR CHILDREN LEADERSHIP CENTER INC$550,000
PARAMOUNT SCHOOLS OF EXCELLENCE$410,000
INSTITUTE FOR QUALITY EDUCATION INC$307,500
HERRON HIGH SCHOOL INC (HERRON CLASSICAL SCHOOLS)$285,000
GLOBAL PREPARATORY ACADEMY INC$262,960
BELIEVE SCHOOLS INC$250,000
COLD SPRING SCHOOL INC$250,000
MARIAN UNIVERSITY INC$250,000
CHRISTEL HOUSE ACADEMY INC$171,900
MATCHBOOK LEARNING SCHOOLS OF INDIANA INC$163,848
RISE UNITED$150,000
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:

Its human-services grants (FY21–25, $569k) land where the poverty rate runs at 15%, against an area that typically sits at 11%. 92% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%ASIAN AMERICAN ALLIANCE INC: $15k → 5%ASIAN AMERICAN ALLIANCE INC: $10k → 5%MILES OF SMILES DAYCARE: $10k → 5%ASIAN AMERICAN ALLIANCE INC: $10k → 5%EDNA MARTIN CHRISTIAN CENTER: $70k → 16%EVOLVE INTERNATIONAL INC: $10k → 16%AYS INC: $145k → 16%MARION COUNTY COMMISSION ON YOUTH: $20k → 16%SHEPHERD COMMUNITY CENTER INC: $71k → 16%SHEPHERD COMMUNITY CENTER INC: $28k → 16%THE GIFTED GOWN: $6k → 16%NOVA X-STREAM INC (NYLA NOVA FOUNDATION): $8k → 16%INDIANA YOUTH INSTITUTE INC: $30k → 16%FREEDOM ACADEMY INC: $97k → 16%LAFAYETTE SQUARE AREA COALITION INC (INTERNATIONAL MARKET PLACE COALITION): $30k → 16%INTERNATIONAL MARKETPLACE COALITION: $10k → 16%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

IL
NY
MA
OR
IN
CA
CO
MO
LA
FL
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.

92%of every dollar goes to organizations it has funded before.
$61M · 63 repeat orgs$5.0M to everyone else

Grantees it renews have grown median revenue +62% since the first grant, against +3% for those funded once.

63 repeat relationships: 39 still active in FY2025, 24 since wound down; 14 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

63
62

Total granted

$61M
$4.7M

Median revenue growth · since first grant

+62%
+3%

Still filing today

94%
69%

New vs renewed · share of each year

In FY2025, 95% of grant dollars renewed an existing relationship; $333k went to new ones.

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

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

’18’20’21’22’23’24’25
EducationHuman ServicesArts & CultureYouth DevelopmentCommunity ImprovementPhilanthropyOther
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

  • Teach for America Inc
    7× · 2018–2025 · $7.4M · revenue +1%
  • TI
    TNTP INC
    5× · 2018–2025 · $3.5M · revenue +136%
  • PS
    PARAMOUNT SCHOOLS OF EXCELLENCE
    6× · 2018–2025 · $3.4M · revenue +398%

Funded once

  • RE
    ROCHESTER EDUCATION ASSOCIATION FOR THE DEVELOPMENT OF THE YOUTHgraduated
    one grant, 2024 · $1.2M · revenue ×116
  • NE
    NEAR EASTSIDE INNOVATION SCHOOL CORPgraduated
    one grant, 2023 · $400k · revenue +40%
  • RE
    ROCHESTER EDUCATION FELLOWSHIP LLC
    one grant, 2023 · $391k
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
Thrival Academy Indy Inc

Thrival academy indy is a humanities-focused high school which exposes students to diverse global perspectives through experiential learning and identity exploration in order to incubate educated global citizens and passionate community…

Education
2
Great Public Schools for Indy Inc

We fight for education justice and opportunities for indianapolis students by training and electing bold leaders, holding them accountable for their policy decisions, and organizing our network to influence and improve our public schools.

Education
3
International School of Indiana Inc

The mission of the international school of indiana is to provide our students with a world-class education that prepares them to be responsible citizens and effective leaders in a rapidly globalizing and interdependent world.

—
4
Independence Academy

The mission of independence charter school (iacs) is to educate students of diverse ages and backgrounds - helping them understand, thrive in, and enhance our community, our environment,and our world. iacs regards learning as a continuing…

Education
5
Early Learning Indiana Inc

Early learning indiana (eli) is on a mission to ensure every child is empowered with essential skills to thrive in kindergarten and beyond. (see schedule o for continuation)

Human Services
6
Indiana Charter Innovation Center Inc

As an indiana nonprofit corporation, the corporation hosts educational training, seminars, webinars, workshops, conferences, and other public forums to provide a place for learning among public education professionals and leaders to foster…

Education
7
Steel City Academy Inc

Steel city academy will empower the students of gary with the most rigorous academic skills, cultural fluency and depth of character so they can choose from boundless opportunities and strengthen the community of gary.

Education
8
Intrinsic Schools

The mission of intrinsic schools is to create a revolutionary new school model in order to 1) prepare all students for postsecondary success and world-changing endeavors; and 2) provide the education community with a roadmap to sustainable…

Education
9
Indiana Schools of Excellence Inc

To provide a strong academic curriculum and broad cultural experiences in a supportive, innovative, and challenging environment that fosters academic success, good citizenship, and creates life-long learners.

—
10
Indianapolis Academy of Excellence Inc

The academy's mission is to develop students into citizens who will become the next generation of entrepreneurs. we provide a caring and creative environment grounded in the belief of promoting the total development of each child: moral,…

—
11
Integration Charter Schools

Integration charter schools (ics) is dedicated to providing innovative pathways to college and career that fully integrate students living with diverse learning needs. each student's personalized plan speaks to their individual academic,…

Education
12
Future Leaders Institute Charter School

Our mission is to deliver a rich and rigorous educational experience in order to develop academically high-performing students with the leadership, character, and knowledge to achieve success in high school and beyond by focusing on a…

Education
How this is measured
The grantee most central to the portfolio’s shape is Believe Circle City High School Inc; the most unlike its peers is Miles of Smiles Childcare Ministry. 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

116 grantees tracked through their own filings, 2017–2026.

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 2026, not grant rows in a single year, so this will not match the grant count on the cover. 116 of the 140 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.

14
Load-bearing (≥25% of a budget)
33
Early backer (in before they grew)
111/116
Grantees still filing
78/116
Grew since first funded

Where the money sits, by cause and then by grantee

Teach for America Inc: $7,427,500 · EducationTeach for America IncTNTP INC: $3,452,391 · EducationTNTP INCPARAMOUNT SCHOOLS OF EXCELLENCE: $3,389,500 · EducationPARAMOUNT SCHOOLS OF EXCELLENCEENROLL INDY INC: $3,060,000 · EducationENROLL INDY INCHERRON HIGH SCHOOL INC: $2,850,500 · EducationHERRON HIGH SCHOOL INCRELAY GRADUATE SCHOOL OF EDUCATION: $2,753,500 · EducationRELAY GRADUATE SCHOOL OF EDUCATIONBELIEVE CIRCLE CITY HIGH SCHOOL INC: $1,789,477 · EducationCIRCLE CITY PREPARATORY INC: $1,659,360 · Education+52 more: $23,089,304 · Education+52 moreUNITED WAY OF CENTRAL INDIANA INC: $5,704,277 · PhilanthropyUNITED WAY …CHARTER FUND INC D/B/A CHARTER SCHOOL GROWTH FUND: $750,000 · PhilanthropyCHARTER FUN…+2 more: $91,000 · PhilanthropyEMPOWERED FAMILIES INC: $1,226,383 · OtherPROMISE PREP INC: $905,000 · OtherROCHESTER EDUCATION FELLOWSHIP LLC: $390,875 · OtherPILOTED SCHOOLS: $305,000 · OtherINDIANAPOLIS PUBLIC SCHOOLS: $300,000 · OtherEVERY GIRL CAN STEM INC: $242,500 · Other+40 more: $1,414,403 · OtherSTAND FOR CHILDREN LEADERSHIP CENTER INC: $2,950,000 · Youth DevelopmentSTARFISH INC: $820,183 · Youth Development+6 more: $126,250 · Youth DevelopmentAYS INC: $145,125 · Human ServicesShepherd Community Inc: $98,500 · Human ServicesFreedom Academy I Inc: $96,500 · Human ServicesEDNA MARTIN CHRISTIAN CENTER INC: $70,000 · Human ServicesLAFAYETTE SQUARE AREA COALITION: $40,000 · Human ServicesASIAN AMERICAN ALLIANCE INC: $35,000 · Human ServicesINDIANA YOUTH INSTITUTE INC: $30,000 · Human ServicesMARION COUNTY COMMISSION ON YOUTH INC: $20,000 · Human Services+4 more: $34,000 · Human ServicesTHE 74 MEDIA INC: $267,000 · Arts & CultureASPIRE HIGHER FOUNDATION INC: $55,000 · Arts & CultureECLECTIC SOUL VOICES CORPORATION: $40,000 · Arts & CultureNext Generation Initiative Inc: $40,000 · Arts & CultureIndiana Latino Institute Inc: $40,000 · Arts & Culture+4 more: $47,000 · Arts & CultureMelanatED Leaders: $347,500 · Public Benefit
Education$49,471,532Philanthropy$6,545,277Other$4,784,161Youth Development$3,896,433Human Services$569,125Arts & Culture$489,000Public Benefit$347,500

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 budgetTeach for America Inc: $7,427,500 over 7y, 0.6% of budgetUNITED WAY OF CENTRAL INDIANA INC: $5,704,277 over 2y, 7.0% of budgetTNTP INC: $3,452,391 over 5y, 1.6% of budgetPARAMOUNT SCHOOLS OF EXCELLENCE: $3,389,500 over 6y, 4.3% of budgetENROLL INDY INC: $3,060,000 over 7y, 51% of budgetSTAND FOR CHILDREN LEADERSHIP CENTER INC: $2,950,000 over 7y, 3.6% of budgetHERRON HIGH SCHOOL INC: $2,850,500 over 6y, 4.6% of budgetRELAY GRADUATE SCHOOL OF EDUCATION: $2,753,500 over 4y, 1.6% of budgetBELIEVE CIRCLE CITY HIGH SCHOOL INC: $1,789,477 over 6y, 23% of budgetCIRCLE CITY PREPARATORY INC: $1,659,360 over 4y, 10% of budgetADELANTE SCHOOLS INC: $1,485,000 over 6y, 10% of budgetMATCHBOOK LEARNING SCHOOLS OF INDIANA: $1,441,348 over 5y, 100% of budgetINSTITUTE FOR QUALITY EDUCATION INC: $1,362,500 over 7y, 2.1% of budgetROOTED SCHOOL INC: $1,277,769 over 5y, 35% of budgetEMPOWERED FAMILIES INC: $1,226,383 over 4y, 100% of budgetKipp Indianapolis Inc: $1,200,500 over 6y, 2.0% of budgetMarian University: $1,172,750 over 6y, 0.1% of budgetPHALEN LEADERSHIP ACADEMY - INDIANA: $1,004,000 over 4y, 2.4% of budgetLIBERTY GROVE SCHOOLS INC: $940,950 over 3y, 99% of budgetPROMISE PREP INC: $905,000 over 2y, 97% of budgetINDIANAPOLIS PUBLIC SCHOOLS EDUCATION FOUNDATION INC: $896,500 over 4y, 8.2% of budgetEDUCATION UNITED INDY INC: $850,000 over 4y, 25% of budgetSTARFISH INC: $820,183 over 2y, 1.8% of budgetAVONDALE MEADOWS ACADEMY INC D/B/A UNITED SCHOOLS OF INDIANAPOLIS: $789,100 over 5y, 2.5% of budgetPURDUE POLYTECHNIC HIGH SCHOOL OF INDIANAPOLIS INC: $780,250 over 6y, 2.9% of budgetGLOBAL PREPARATORY ACADEMY: $756,710 over 5y, 3.1% of budgetCHARTER FUND INC D/B/A CHARTER SCHOOL GROWTH FUND: $750,000 over 2y, 0.2% of budgetEDISON SCHOOL OF THE ARTS INC: $692,371 over 5y, 5.0% of budgetChristel House Academy Inc: $682,400 over 5y, 1.1% of budgetTHE PATH SCHOOL INC: $651,892 over 4y, 1.3% of budgetTOGETHERED INC: $634,500 over 2y, 25% of budgetTEACH INDY INC: $613,159 over 2y, 100% of budgetSOCIAL GOOD FUND INC: $555,000 over 1y, 2.5% of budgetINVENT LEARNING HUB INC: $450,250 over 5y, 10% of budgetNEAR EASTSIDE INNOVATION SCHOOL CORP: $400,000 over 1y, 7.0% of budgetALLEGIANT PREPARATORY ACADEMY: $379,522 over 5y, 6.6% of budgetMelanatED Leaders: $347,500 over 3y, 67% of budgetTEACH PLUS INC: $345,000 over 4y, 1.3% of budgetCOLD SPRING SCHOOL INC: $300,000 over 2y, 6.8% of budgetSPEDACTS INC: $300,000 over 2y, 89% of budgetTHE 74 MEDIA INC: $267,000 over 4y, 2.4% of budgetVICTORY COLLEGE PREP INC: $260,500 over 3y, 0.8% of budgetEVERY GIRL CAN STEM INC: $242,500 over 1y, 90% of budgetGOODWILL EDUCATION INITIATIVES INC: $200,000 over 1y, 0.5% of budgetINDIANA MATH & SCIENCE ACADEMY NORTH INDIANAPOLIS INC: $150,000 over 1y, 1.5% of budgetAYS INC: $145,125 over 1y, 2.7% of budgetURBAN ACT ACADEMY INC: $131,688 over 2y, 0.7% of budgetSANKOFA SCHOOL OF SUCCESS INC: $131,120 over 3y, 1.6% 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.

The Indianapolis Foun…United Way of Central…Lilly Endowment IncCentral Indiana Commu…Teachers Treasures IncRichard M Fairbanks F…Lumina Foundation for…Eugene & Marilyn Glic…Nicholas H Noyes Jr M…Nina Mason Pulliam Ch…National Urban League…Eli Lilly and Company…
The Indianapolis Foundation IncIN88.7× affinity49 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Indianapolis Foundation Inc · United Way of Central Indiana Inc · Lilly Endowment Inc · Central Indiana Community Foundation Inc · Teachers Treasures Inc · Richard M Fairbanks Foundation Inc · Lumina Foundation for Education Inc · Eugene & Marilyn Glick Foundation · Nicholas H Noyes Jr Memorial Foundation · Nina Mason Pulliam Charitable Trust · National Urban League Inc · Eli Lilly and Company 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 The Mind Trust Inc funds: left to right is the share of its income from government, bottom to top the share from The Mind Trust Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 30%6%25%56%100%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
    3get no government money at all
    49report 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 140 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 Mind’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