· Private foundation
The Ondulado Fund fka Richard Grinold Fund
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Where the money goes
Grants by size, and the largest recipients.
By grant size · FY2024
- Under $10k1 grant · $3k
- $10k–50k3 grants · $55k
| Recipient | Amount |
|---|---|
| Hoover Institution | $25,000 |
| Belmont Historical Society | $15,000 |
| Meriden Public Library | $15,000 |
| Del Monte Forest Conservation | $3,350 |
Does the money reach high-need areas?
Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.
Its human-services grants (FY18–18, $15k) land where the poverty rate runs at 16%, against an area that typically sits at 11%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.
How this is measured
Which US states its grants reach
How this is measured
Who it funds again
Organizations funded in more than one year, against those funded once.
Grantees it renews have grown median revenue +87% since the first grant, against +53% for those funded once.
14 repeat relationships: 4 still active in FY2024, 10 since wound down.
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
Backed again, and grew
- IFINSTITUTE FOR JUSTICE6× · 2017–2023 · $4.5M · revenue +57%
- MHMONTAGE HEALTH FOUNDATION4× · 2018–2021 · $280k · revenue +58%
NORTHEASTERN UNIVERSITY3× · 2018–2021 · $160k · revenue +87%
Funded once
- WFWIKIMEDIA FOUNDATION INCgraduatedone grant, 2019 · $100k · revenue +73%
- CSCapitol School of Austinone grant, 2019 · $15k
- YMYOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER BOSTON INCgraduatedone grant, 2018 · $15k · revenue +37%
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.
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.
The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.
Undergraduate, graduate, and professional education and research across a broad array of academic domains.
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.
Dartmouth College educates the most promising students and prepares them for a lifetime of learning and of responsible leadership, through a faculty dedicated to teaching and the creation of knowledge.
The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.
Wheaton college provides a transformative liberal arts education, combining theory and practice, for intellectually curious students within a collaborative and vibrant extended community and network that values and strives to create an…
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…
Fordham university, the jesuit university of new york, is committed to the discovery of wisdom and the transmission of learning, through research and through education of the highest quality. for more information, see schedule o.
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.
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…
Research, education and general - princeton university is a private not-for-profit, non-sectarian institution of higher learning with approximately 5,700 undergraduate and 3,300 graduate students. 2,500 students graduated in the 2024-2025…
Western new england university, a comprehensive private institution with a tradition of excellence in teaching and scholarship and a commitment to service, awards undergraduate, master's, and doctoral degrees in various departments from…
How this is measured
10 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. 10 of the 24 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.
Where the money sits, by cause and then by grantee
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.
- Who funds INSTITUTE FOR JUSTICE ↗
- Who funds MONTAGE HEALTH FOUNDATION ↗
- Who funds NORTHEASTERN UNIVERSITY ↗
- Who funds REAL CLEAR FOUNDATION ↗
- Who funds HETERODOX ACADEMY ↗
- Who funds WIKIMEDIA FOUNDATION INC ↗
- Who funds YOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER BOSTON INC ↗
- Who funds CHARTWELL SCHOOL ↗
- Who funds DEL MONTE FOREST CONSERVANCY ↗
- Who funds WOUNDED WARRIOR PROJECT INC ↗
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.
Open a dossier: Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund
How this is measured
How much its grantees rely on government
Each dot is one organization The Ondulado Fund fka Richard Grinold Fund funds: left to right is the share of its income from government, bottom to top the share from The Ondulado Fund fka Richard Grinold Fund. Bigger dots raise more.
- Northeastern University: 7% of income from government
- Wounded Warrior Project Inc: 0% of income from government
How this is measured
Play a game based on Ondulado Fund fka Richard Grinold’s filings →