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The Sarah Min and Matt Pincus Foundation at a glanceAlso receives grants: funding profile →

· Private foundation

The Sarah Min and Matt Pincus Foundation

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.

$2.4M
Granted FY2025still arriving
10
Grants FY2025still arriving
4
States reached
$792k
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.

Arts & Culture$5.9MReligion$1.5MEducation$1.3MPublic Benefit$860kHealth$825kCivil Rights$800kEnvironment$640kPhilanthropy$630kOther$0
02FY2025 · 10 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • $10k–50k1 grant · $25k
  • $50k–250k7 grants · $932k
  • $250k+2 grants · $1.4M
$166,667
Median grant
4
States reached
$43M
Total assets
Largest grants
RecipientAmount
FRIENDS OF THE HIGH LINE INC$791,667
CORNELL UNIVERSITY$650,000
NEW YORK-PRESBYTERIAN FUND INC$225,000
SURFRIDER FOUNDATION$200,000
MEMORIAL SLOAN-KETTERING CANCER CENTER The Societ$166,667
CORNELL UNIVERSITY$100,000
LEE INITIATIVE INC$100,000
KOREAN-AMERICAN COMMUNITY FOUNDATION INC$70,000
FUND FOR THE GUGGENHEIM FELLOWSHIPS$70,000
ELDER ABUSE SOLUTIONS INC$25,000
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 (FY23–23, $10k) land where the poverty rate runs at 14%, against an area that typically sits at 9%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%ACE FOUNDATION: $10k → 14%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
WI
MI
NY
MA
IA
CA
KY
VA
MD
AZ
NC
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.

82%of every dollar goes to organizations it has funded before.
$10.0M · 13 repeat orgs$2.2M to everyone else

Grantees it renews have grown median revenue +29% since the first grant, against 0% for those funded once.

13 repeat relationships: 4 still active in FY2025, 9 since wound down; 4 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

13
17

Total granted

$10.0M
$1.1M

Median revenue growth · since first grant

+29%
0%

Still filing today

85%
100%

New vs renewed · share of each year

In FY2025, 53% of grant dollars renewed an existing relationship; $1.1M 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
Civil RightsArts & CultureEducationEnvironmentHealthPhilanthropyOther
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

  • NY
    NEW YORK SHAKESPEARE FESTIVAL
    3× · 2020–2023 · $2.1M · revenue +29%
  • TS
    THE SURFRIDER FOUNDATION
    6× · 2020–2025 · $590k · revenue +15%
  • CO
    COLOR OF CHANGEORG EDUCATION FUND
    3× · 2020–2023 · $400k · revenue +62%

Funded once

  • University of Illinois Foundationgraduated
    one grant, 2020 · $200k · revenue +74%
  • ONE ARIZONAgraduated
    one grant, 2021 · $100k · revenue +154%
  • SF
    SD Foundation
    one grant, 2024 · $100k · revenue 0%
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
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…

—
2
America's Newspapers

Providing research, education and practical information all aimed at optimizing newspapers' business operations, deepening their community engagement and enhancing the quality of their journalism.

Employment
3
Ucsf Foundation Investment Company

The organization provides professional investment management services for endowed gifts and financial assets entrusted to the ucsf foundation.

Education
4
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
5
American Foreign Service Association

American foreign service association (afsa) is both the principal advocate for the long-term institutional wellbeing of the professional career foreign service and responsible for safeguarding the interest of afsa members. (continued on…

—
6
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.

—
7
Voteamerica

The mission of voteamerica is to strengthen united states democracy by increasing voter turnout.

Civil Rights
8
Commission On Presidential Debates

Organize general election presidential and vice-presidential debates

Civil Rights
9
Democracy Works Inc

The organization's mission is to leverage web-technologies to improve civic engagement and voter education.

Civil Rights
10
American Gas Association

American gas association's (the association) mission is to develop and advocate for informed, innovative, and durable policy that fulfills our nation's energy needs, environmental aspirations and economic potential. we are committed to…

—
11
American Flood Coalition Inc

To drive transformational adaptation to protect communities across the country from higher seas, stronger storms, and more frequent flooding.

Environment
12
National Association of Corporate Directors

We empower directors and transform boards to be future ready.

Public Benefit
How this is measured
The grantee most central to the portfolio’s shape is Voter Registration Project; the most unlike its peers is New York Shakespeare Festival. 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

34 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. 34 of the 36 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)
34/34
Grantees still filing
15/34
Grew since first funded

Where the money sits, by cause and then by grantee

FRIENDS OF THE HIGH LINE INC: $3,600,001 · Arts & CultureFRIENDS OF THE HIGH LINE INCNEW YORK SHAKESPEARE FESTIVAL: $2,150,000 · Arts & CultureNEW YORK SHAKESPEARE FESTIVAL+3 more: $185,000 · Arts & CultureFRIENDS SEMINARY: $1,500,000 · OtherFRIENDS SEMINARYMEMORIAL SLOAN-KETTERING CANCER CENTER The Societ: $500,001 · OtherMEMORIAL SLOAN-KETTER…VOTER REGISTRATION PROJECT: $100,000 · OtherLEE INITIATIVE INC: $100,000 · Other+5 more: $195,000 · Other+5 moreCOLOR OF CHANGEORG EDUCATION FUND: $400,000 · Civil RightsCOLOR OF CH…National Domestic Workers Alliance Inc: $300,000 · Civil RightsNational Do…MICHIGAN CIVIC EDUCATION FUND: $225,000 · Civil RightsMICHIGAN CI…ONE ARIZONA: $100,000 · Civil RightsONE ARIZONAACCELERATE CHANGE INC: $100,000 · Civil RightsACCELERATE …THE VOTER PARTICIPATION CENTER: $100,000 · Civil RightsTHE VOTER P…ALLIANCE FOR YOUTH ORGANIZING: $50,000 · Civil Rights+2 more: $35,000 · Civil RightsCornell University: $750,000 · EducationCornell Uni…SCRIPTED INC DBA CODE NATION: $245,000 · EducationSCRIPTED IN…University of Illinois Foundation: $200,000 · EducationUniversity …+2 more: $65,000 · EducationTHE SURFRIDER FOUNDATION: $589,996 · EnvironmentNEW VENTURE FUND: $225,000 · EnvironmentLEAGUE OF CONSERVATION VOTERS EDUCATION FUND: $50,000 · EnvironmentFUND FOR THE GUGGENHEIM FELLOWSHIPS: $210,000 · PhilanthropyKOREAN-AMERICAN COMMUNITY FOUNDATION INC: $195,000 · PhilanthropySD Foundation: $100,000 · PhilanthropyNEW YORK-PRESBYTERIAN FUND INC: $225,000 · HealthPLANNED PARENTHOOD FEDERATION OF AMERICA INC: $100,000 · Health
Arts & Culture$5,935,001Other$2,395,001Civil Rights$1,310,000Education$1,260,000Environment$864,996Philanthropy$505,000Health$325,000

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

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetFRIENDS OF THE HIGH LINE INC: $3,600,001 over 7y, 5.6% of budgetNEW YORK SHAKESPEARE FESTIVAL: $2,150,000 over 3y, 2.4% of budgetCornell University: $750,000 over 1y, 0.0% of budgetTHE SURFRIDER FOUNDATION: $589,996 over 6y, 1.0% of budgetCOLOR OF CHANGEORG EDUCATION FUND: $400,000 over 3y, 1.6% of budgetNational Domestic Workers Alliance Inc: $300,000 over 3y, 0.4% of budgetSCRIPTED INC DBA CODE NATION: $245,000 over 3y, 1.9% of budgetMICHIGAN CIVIC EDUCATION FUND: $225,000 over 2y, 4.5% of budgetNEW VENTURE FUND: $225,000 over 2y, 0.0% of budgetFUND FOR THE GUGGENHEIM FELLOWSHIPS: $210,000 over 3y, 17% of budgetUniversity of Illinois Foundation: $200,000 over 1y, 0.1% of budgetKOREAN-AMERICAN COMMUNITY FOUNDATION INC: $195,000 over 3y, 2.8% of budgetONE ARIZONA: $100,000 over 1y, 2.0% of budgetSD Foundation: $100,000 over 1y, 0.9% of budgetACCELERATE CHANGE INC: $100,000 over 1y, 0.3% of budgetTHE VOTER PARTICIPATION CENTER: $100,000 over 1y, 0.1% of budgetVOTER REGISTRATION PROJECT: $100,000 over 1y, 0.2% of budgetVICE PRESIDENT'S RESIDENCE FOUNDATION: $100,000 over 2y, 25% of budgetPLANNED PARENTHOOD FEDERATION OF AMERICA INC: $100,000 over 2y, 0.0% of budgetIMAGINE NORTH CAROLINA FIRST: $75,000 over 1y, 1.8% of budgetFAIR COUNT INC: $75,000 over 1y, 0.7% of budgetLEAGUE OF CONSERVATION VOTERS EDUCATION FUND: $50,000 over 1y, 0.1% of budgetDOWNTOWN COMMUNITY TELEVISION CENTER INC: $50,000 over 1y, 0.8% of budgetALLIANCE FOR YOUTH ORGANIZING: $50,000 over 1y, 0.3% of budgetRon Brown Scholar Fund: $40,000 over 1y, 0.9% of budgetAPOLLO THEATER FOUNDATION INC: $35,000 over 2y, 0.1% of budgetNational Vote At Home Institute: $25,000 over 1y, 1.9% of budgetLEADERS IGNITING TRANSFORMATION EDUCATION FUND INC: $25,000 over 1y, 0.5% of budgetChristian Herald Association Inc: $10,000 over 1y, 0.0% of budgetAsian & Pacific Islander American Vote: $10,000 over 1y, 0.2% of budgetACE FOUNDATION: $10,000 over 1y, 0.4% 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.

Silicon Valley Commun…Tides FoundationThe Ford FoundationNew Venture FundNational Philanthropi…ImpactassetsincNEO Philanthropy IncThe Educational Found…Gs Donor Advised Phil…Marin Community Found…Amalgamated Charitabl…Jewish Communal Fund
Silicon Valley Community FoundationCA20.3× affinity10 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Silicon Valley Community Foundation · Tides Foundation · The Ford Foundation · New Venture Fund · National Philanthropic Trust · Impactassetsinc · NEO Philanthropy Inc · The Educational Foundation of America · Gs Donor Advised Philanthropy Fund for Wealth Management Inc · Marin Community Foundation · Amalgamated Charitable Foundation Inc · Jewish Communal Fund

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 Sarah Min and Matt Pincus Foundation funds: left to right is the share of its income from government, bottom to top the share from The Sarah Min and Matt Pincus Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%6%25%56%100%funder's share of their income ↑0%3%5%8%10%share of the org’s income from government →
    no gov moneyreceives it· size = income
    2get no government money at all
    2report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    ⤢ axis zoomed · 0–10%
    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 36 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 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Sarah Min and Matt Pincus’ 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