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Indiana · Nonprofit

28TWELVE FOUNDATION LTD

28TWELVE FOUNDATION LTD (Indiana) receives grants from 4 organizations whose IRS filings report $654,800 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($568,800). 2 of them have funded it in more than one year, and 92% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$564k
Funders on record
4
Grants received
$655k
Net assets
$551k
2/4 repeat fundersgrants exceed reported revenue in one year
01What it does

What 28twelve Foundation Ltd does

Mission

The 28twelve Foundation exists to identify, inspire, and integrate followers of Christ to be leaders, influencers, and restorers through courageous and faithful vocation around the world in order to redeem culture and that all may come to know the saving love of Jesus.

As stated on its FY2024 Form 990.

Programs

  1. Three-year fellowships covering 6 semesters for each of 20 recipients were awarded in 2024. Payment in 2024 was made for a total of 27 semesters to the 2024 Harvey Fellows.

    $306,050 spentof which $212,500 as grants
    100% of program spending
  2. Other program services, not described on the e-filed return.

    $0 spent
    0% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $306,050.

02The organization over time

The organization over time

Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20222022 Revenue 100 ($368k) Expenses 100 ($194k) Net assets 100 ($506k)2023 Revenue 81 ($297k) Expenses 206 ($400k) Net assets 80 ($403k)2024 Revenue 153 ($564k) Expenses 215 ($416k) Net assets 109 ($551k)
202220232024
Revenue (153)Expenses (215)Net assets (109)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $403k to $551k (+37%).

$506k
$403k
$551k
202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2022
2023
2024
ContributionsProgram revenueInvestmentOther

98% of 28TWELVE FOUNDATION LTD’s revenue is contributions — more reliant on donations than three-quarters of its peers (57% for the typical peer).

This organization
Typical peer · 24,946 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.

$174k
’22
−$103k
’23
$148k
’24
16
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Kristen Gustavson

Executive Director

Board chair

Eugene Kim

Board President

As listed on its FY2024 Form 990.

202220232024
Listed7710
Joined·+0+3
No longer listed·00
03Who funds it

Who funds it, year by year

2021 → 2023: the base held at 1 funder, grant income rose $40k → $311k.

2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 92% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of 28TWELVE FOUNDATION LTD’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

28TWELVE FOUNDATION LTD leans on a few funders — its largest provides 87% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

92% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund 28TWELVE FOUNDATION LTD.

87%
largest funder
98%
top three
~1
effective funders

Largest funder’s share by year: 2021 100% · 2022 60% · 2023 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

92% of 28TWELVE FOUNDATION LTD's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $55k that is directly attributable, 100% of it comes from funders outside Indiana, across 2 states.

WA
TN

In-state vs out-of-state, by year

’21
’22
Indiana out of state home

Funder states come from each funder’s own filing. $600k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

28TWELVE FOUNDATION LTD runs a healthier operating margin than three-quarters of the 22,812 education nonprofits its size.

Operating margin26% · top quartile
Months of reserve15.9mo · top quartile
Revenue growth (annualized)24% · top quartile

this organization peer median middle 50% of peers· 22,812 education nonprofits $100k–$1M, FY2024

Organizations like 28TWELVE FOUNDATION LTD

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

74% of spending goes to programs.

Program 74%Management 9%Fundraising 18%

Governance

9
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

76%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

VA

Screen this organization

A dated, signed PDF of the compliance screen for 28TWELVE FOUNDATION LTD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds 28TWELVE FOUNDATION LTD?
28TWELVE FOUNDATION LTD (Indiana) receives grants from 4 organizations whose IRS filings report $654,800 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($568,800). 2 of them have funded it in more than one year, and 92% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does 28TWELVE FOUNDATION LTD have?
IRS filings report 4 organizations giving $654,800 in grants to 28TWELVE FOUNDATION LTD, 2 of which have funded it in more than one year.
Who is the largest funder of 28TWELVE FOUNDATION LTD?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $568,800 in grants. The full list of funders is on this page.
How can an organization like 28TWELVE FOUNDATION LTD find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds 28twelve Foundation Ltd →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing