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The Ripple Foundation at a glance

· Private foundation

The Ripple Foundation

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$861k
Granted FY2024still arriving
23
Grants FY2024still arriving
7
States reached
$200k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Environment$1.1MArts & Culture$831kEducation$720kPhilanthropy$590kHuman Services$493kHealth$427kCommunity Improvement$360kSocial Science$206kOther$0
02FY2024 · 23 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k9 grants · $27k
  • $10k–50k6 grants · $125k
  • $50k–250k8 grants · $709k
$25,000
Median grant
7
States reached
$11M
Total assets
Largest grants
RecipientAmount
WORLD CONNECT INC$200,000
NATURAL RESOURCES DEFENSE COUNCIL$150,000
LSA FAMILY HEALTH SERVICE$72,000
HARLEM CHILDREN'S ZONE$72,000
HOSPITAL FOR SPECIAL SURGERY$65,000
BURNING MAN PROJECT$50,000
ONE PLYMPTON PRESERVATION FOUNDATION ANNUAL APPEAL$50,000
OUTWARD BOUND INTERNATIONAL INC$50,000
THE MUSTIQUE CHARITABLE FOUNDATION$30,000
NEW YORK RESTORATION PROJECT$25,000
ROBIN HOOD FOUNDATION$25,000
HANDS IN 4 YOUTH CAMP VACAMUS$25,000
THE 92ND STREET Y$10,000
NEW YORK BOTANICAL GARDEN$10,000
SOUTHAMPTON BATH AND TENNIS CLUB CHARITABLE FOUNDATION$5,500
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 (FY17–24, $358k) land where the poverty rate runs at 17%, against an area that typically sits at 11%. 96% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%Camp Southern Ground Inc: $5k → 6%KIEVE-WAVUS EDUCATION: $5k → 9%KIEVE WAVUS EDUCATION INC: $5k → 9%ASSOCIATION TO BENEFIT CHILDREN: $72k → 17%Covenant House: $5k → 17%Covenant House: $5k → 17%HARLEM CHILDREN'S ZONE: $72k → 17%HARLEM CHILDREN'S ZONE: $72k → 17%Association to Benefit Children: $72k → 17%Harlem Children's Zone: $45k → 17%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

ME
MT
NY
MA
PA
NJ
CT
CA
UT
CO
VA
MD
DC
GA
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.

86%of every dollar goes to organizations it has funded before.
$4.3M · 42 repeat orgs$717k to everyone else

42 repeat relationships: 12 still active in FY2024, 30 since wound down; 11 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

42
32

Total granted

$4.3M
$565k

Median revenue growth · since first grant

+25%
+38%

Still filing today

79%
63%

New vs renewed · share of each year

In FY2024, 82% of grant dollars renewed an existing relationship; $152k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

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

’17’18’19’20’21’22’23’24
EnvironmentArts & CulturePhilanthropyEducationHuman ServicesInternationalOther
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

  • NATURAL RESOURCES DEFENSE COUNCIL INC
    5× · 2017–2024 · $755k · revenue +41%
  • The Trustees of Princeton University
    2× · 2017–2021 · $443k · revenue +5%
  • RH
    ROBIN HOOD FOUNDATION
    4× · 2018–2024 · $325k · revenue +36%

Funded once

  • THE ASPEN INSTITUTE INCgraduated
    one grant, 2019 · $164k · revenue +192%
  • GH
    GREENWICH HISTORICAL SOCIETY INC
    one grant, 2017 · $100k · revenue -24%
  • LS
    Little Sisters of the Assumption
    one grant, 2020 · $72k
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
Manhattanville University

To educate students to be ethical and socially responsible leaders in a global community.

Education
2
American Museum of Natural History

The museum's mission statement is: "to discover, interpret, and disseminate - through scientific research and education - knowledge about human cultures, the natural world, and the universe."

Arts & Culture
3
Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation

The institute for advanced study (the institute) is one of the world's leading centers for theoretical research and intellectual inquiry. see schedule o.

Science & Tech
4
New York University

Nyu is a private university with approximately 60,000 matriculating students in 20 schools and institutes. nyu's primary missions are education, research and scholarship, and patient care.

Education
5
Massachusetts Institute of Technology

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.

Education
6
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
7
The Architectural League of New York

The architectural league of new york supports critically transformative work in the allied fields that shape the built environment. as a vital, independent forum, the league stimulates thinking, debate, and action on today's (continued on…

—
8
New York Genome Center Inc

Operate a state-of-the-art, world-class genomic research center that creates and uses advanced genomics to understand the genetic basis of disease. for more information, see schedule o.

Health
9
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
10
The Jewish Museum

The mission of the jewish museum is to collect, preserve, exhibit and interpret art and jewish culture. see schedule o for more information.

Arts & Culture
11
Manhattan University

Manhattan university is an independent catholic instituion of higher learning that embraces qualified men and women of all faiths, cultures, and traditions. the mission of manhattan university is to provide a contemporary, person-centered…

Education
12
Fordham University

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.

Education
How this is measured
The grantee most central to the portfolio’s shape is The Aspen Institute Inc; the most unlike its peers is County Sheriffs of Colorado. 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

66 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. 66 of the 91 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)
7
Early backer (in before they grew)
66/66
Grantees still filing
45/66
Grew since first funded

Where the money sits, by cause and then by grantee

Hospital for Special Surgery: $410,000 · OtherHospital for Special SurgeryLITTLE SISTERS OF THE ASSUMPTION FAMILY HEALTH SERVICE INC: $144,000 · OtherLITTLE SISTERS OF THE ASSUMPTION FAMI…Little Sisters of the Assumption: $72,000 · OtherBURNING MAN PROJECT: $251,000 · OtherBURNING MAN PROJECTTHE ASPEN INSTITUTE INC: $163,500 · OtherTHE ASPEN INSTITUTE INCIMENTOR INC: $75,000 · Other+42 more: $614,550 · Other+42 moreNATURAL RESOURCES DEFENSE COUNCIL INC: $755,000 · EnvironmentNATURAL RESOURCES DEFEN…NEW YORK RESTORATION PROJECT: $276,323 · EnvironmentNEW YORK RESTORATION PR…+8 more: $48,250 · EnvironmentThe Trustees of Princeton University: $443,355 · EducationThe Trustees of…President and Fellows of Harvard College: $220,000 · EducationPresident and F…The New York Public Library Astor Lenox and Tilden Foundations: $25,000 · Education+4 more: $13,500 · EducationROBIN HOOD FOUNDATION: $325,000 · PhilanthropyROBIN HOOD FO…UNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK INC: $115,000 · PhilanthropyUNITED JEWISH…The Mustique Charitable Foundation: $95,000 · PhilanthropyThe Mustique …CHIEF EXECUTIVES FOR CORPORATE PURPOSE INC: $60,000 · PhilanthropyCHIEF EXECUTI…+3 more: $18,500 · PhilanthropyMETROPOLITAN MUSEUM OF ART: $176,182 · Arts & CultureMETROPOLI…GREENWICH HISTORICAL SOCIETY INC: $100,000 · Arts & CultureGREENWICH…GREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC: $60,000 · Arts & CultureGREATER W…FRIENDS OF UNITED HATZALAH INC: $50,000 · Arts & CultureFRIENDS O…THE ACADEMY OF AMERICAN POETS INC: $20,000 · Arts & CultureThe United States Holocaust Memorial Museum: $19,500 · Arts & Culture+3 more: $4,500 · Arts & CultureHARLEM CHILDREN'S ZONE INC: $189,180 · Human ServicesASSOCIATION TO BENEFIT CHILDREN: $144,000 · Human Services+3 more: $25,000 · Human ServicesWORLD CONNECT INC: $300,000 · InternationalInternational Rescue Committee INC: $20,000 · International+3 more: $9,500 · International
Other$1,730,050Environment$1,079,573Education$701,855Philanthropy$613,500Arts & Culture$430,182Human Services$358,180International$329,500

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 budgetNATURAL RESOURCES DEFENSE COUNCIL INC: $755,000 over 5y, 0.1% of budgetThe Trustees of Princeton University: $443,355 over 2y, 0.0% of budgetROBIN HOOD FOUNDATION: $325,000 over 4y, 0.1% of budgetWORLD CONNECT INC: $300,000 over 5y, 5.8% of budgetNEW YORK RESTORATION PROJECT: $276,323 over 4y, 2.1% of budgetBURNING MAN PROJECT: $251,000 over 6y, 0.1% of budgetPresident and Fellows of Harvard College: $220,000 over 1y, 0.0% of budgetHARLEM CHILDREN'S ZONE INC: $189,180 over 3y, 0.1% of budgetMETROPOLITAN MUSEUM OF ART: $176,182 over 3y, 0.0% of budgetTHE ASPEN INSTITUTE INC: $163,500 over 1y, 0.1% of budgetASSOCIATION TO BENEFIT CHILDREN: $144,000 over 2y, 0.3% of budgetLITTLE SISTERS OF THE ASSUMPTION FAMILY HEALTH SERVICE INC: $144,000 over 2y, 2.1% of budgetUNITED JEWISH APPEAL-FEDERATION OF JEWISH PHILANTHROPIES OF NEW YORK INC: $115,000 over 3y, 0.0% of budgetGREENWICH HISTORICAL SOCIETY INC: $100,000 over 1y, 2.0% of budgetThe Mustique Charitable Foundation: $95,000 over 6y, 5.0% of budgetIMENTOR INC: $75,000 over 3y, 0.2% of budgetCHIEF EXECUTIVES FOR CORPORATE PURPOSE INC: $60,000 over 4y, 0.3% of budgetGREATER WASHINGTON EDUCATIONAL TELECOMMUNICATIONS ASSOCIATION INC: $60,000 over 3y, 0.1% of budgetFRIENDS OF UNITED HATZALAH INC: $50,000 over 1y, 0.0% of budgetTHE YOUNG MEN'S AND YOUNG WOMEN'S HEBREW ASSOCIATION: $40,000 over 4y, 0.0% of budgetDJERASSI RESIDENT ARTISTS PROGRAM: $40,000 over 5y, 2.1% of budgetUNITED WAY OF GREENWICH INC: $40,000 over 4y, 0.5% of budgetFRESH AIR FUND: $25,000 over 4y, 0.1% of budgetThe New York Public Library Astor Lenox and Tilden Foundations: $25,000 over 5y, 0.0% of budgetAMERICAN PRAIRIE FOUNDATION: $20,000 over 4y, 0.0% of budgetTHE ACADEMY OF AMERICAN POETS INC: $20,000 over 3y, 0.2% of budgetInternational Rescue Committee INC: $20,000 over 4y, 0.0% of budgetThe United States Holocaust Memorial Museum: $19,500 over 4y, 0.0% of budgetCOVENANT HOUSE: $10,000 over 2y, 0.0% of budgetASPEN CENTER FOR ENVIRONMENTAL STUDIES: $10,000 over 2y, 0.1% of budgetTHE RESOURCE FOUNDATION INC: $10,000 over 1y, 0.2% of budgetNEW YORK BOTANICAL GARDEN: $10,000 over 1y, 0.0% of budgetKieve Wavus Education Inc: $10,000 over 2y, 0.1% of budgetSOUTHAMPTON BATH & TENNIS CLUB CHARITABLE FUND: $8,500 over 2y, 1.2% of budgetTHE EDUCATIONAL ALLIANCE INC: $7,500 over 3y, 0.0% of budgetHOUSING WORKS INC: $6,000 over 2y, 0.0% of budgetTHE MIRYAM INSTITUTE INC: $5,500 over 1y, 0.6% of budgetTHE GREENWICH TREE CONSERVANCY INC: $5,500 over 5y, 0.8% of budgetCAMP SOUTHERN GROUND INC: $5,000 over 1y, 0.1% of budgetJonas Philanthropies Inc: $5,000 over 1y, 0.4% of budgetAMERICAN FRIENDS OF LUBAVITCH: $5,000 over 1y, 0.2% of budgetROCKEFELLER PHILANTHROPY ADVISORS INC: $5,000 over 1y, 0.0% of budgetPLANNED PARENTHOOD OF GREATER NEW YORK INC: $5,000 over 1y, 0.0% of budgetSTUDENT ADVOCACY INC: $5,000 over 1y, 0.4% of budgetHARLEM ACADEMY: $5,000 over 1y, 0.0% of budgetCITYMEALS-ON-WHEELS: $5,000 over 1y, 0.0% of budgetLUPUS RESEARCH ALLIANCE INC: $3,000 over 3y, 0.0% of budgetCounty Sheriffs of Colorado: $2,500 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.

Jewish Communal FundThe Goldman Sachs Cha…National Philanthropi…The New York Communit…The James Family Char…Malkin Fund IncThe Bessemer Giving F…The San Francisco Fou…Gs Donor Advised Phil…The Hyde and Watson F…The Ford FoundationVanguard Charitable E…
Jewish Communal FundNY23.8× affinity14 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Jewish Communal Fund · The Goldman Sachs Charitable Gift Fund · National Philanthropic Trust · The New York Community Trust · The James Family Charitable Foundation · Malkin Fund Inc · The Bessemer Giving Fund · The San Francisco Foundation · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · The Hyde and Watson Foundation · The Ford Foundation · Vanguard Charitable Endowment Program

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

2024
’20’21’22’23’24’25
no gov · 30%1%3%6%10%funder's share of their income ↑0%10%20%30%40%share of the org’s income from government →median 11%
  • The Trustees of Princeton University: 11% of income from government
  • President and Fellows of Harvard College: 7% of income from government
no gov moneyreceives it· size = income
3get no government money at all
19report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–40%
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 91 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-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Ripple’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