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New York · Nonprofit

JUST CAPITAL FOUNDATION INC

JUST CAPITAL FOUNDATION INC (New York) receives grants from 57 organizations whose IRS filings report $26,364,494 to it, the largest being THE FORD FOUNDATION ($5,990,750). 36 of them have funded it in more than one year.

Revenue FY2025
$11M
Funders on record
57
Grants received
$26M
Net assets
$2.2M
36/57 repeat funderspeak grant-dependency 39%
01What it does

What Just Capital Foundation Inc does

Mission

Just capital's mission is to build a more just economy that works for all americans by helping companies improve how they serve all their stakeholders - workers, customers, communities, the environment, and shareholders - as defined by the public.

As stated on its FY2025 Form 990.

Program

  1. Our insight is independent, comprehensive, and grounded in evidence. It helps leaders move beyond backward-looking assessments toward forward-looking decisions that balance performance, risk, and responsibility. In doing so, just capital partners with leaders to strengthen their businesses while recognizing the expectations and needs of the american public and the stakeholders their companies serve.just capital polls americans each year to understand what they expect from business and how those expectations are evolving. We translate those signals into metrics that map to real business decisions, then track and analyze the largest publicly traded u.s. Companies against them. Since 2015, we've surveyed nearly 200,000 americans on their priorities for capitalism and just business behavior building one of the most comprehensive longitudinal datasets on public expectations of corporate responsibility in the united states.in 2025 we tracked, analyzed, and ranked 933 companies across 5 stakeholder groups, 17 issues, and 85 data points. Our annual rankings celebrating the best of american business showcased the companies at the forefront of stakeholder-driven leadership, tracking how…

    $8,644,225 spentof which $112,500 as grants$504,041 earned by the program
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $8,644,225.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($6.1M) Expenses 100 ($7.5M) Net assets -72 ($-2314449)2018 Revenue 105 ($6.4M) Expenses 98 ($7.4M) Net assets -102 ($-3257116)2019 Revenue 120 ($7.3M) Expenses 108 ($8.1M) Net assets -126 ($-4029857)2020 Revenue 270 ($17M) Expenses 124 ($9.3M) Net assets 100 ($3.2M)2021 Revenue 182 ($11M) Expenses 146 ($11M) Net assets 106 ($3.4M)2022 Revenue 203 ($12M) Expenses 161 ($12M) Net assets 114 ($3.7M)2023 Revenue 170 ($10M) Expenses 167 ($13M) Net assets 47 ($1.5M)2024 Revenue 193 ($12M) Expenses 142 ($11M) Net assets 82 ($2.6M)2025 Revenue 179 ($11M) Expenses 152 ($11M) Net assets 68 ($2.2M)
'17'18'19'20'21'22'23'24'25
Revenue (179)Expenses (152)Net assets (68)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 2022 to 2023, from $6.6M to $4.2M (−35%).

$1.1M
$1.3M
$2.2M
$3.9M
$4.3M
$6.6M
$4.2M
$5.0M
$4.2M
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2022 5%. Grants only. Government contracts and fees sit inside program revenue.

98% of JUST CAPITAL FOUNDATION INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (82% for the typical peer).

This organization
Typical peer · 43 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.

−$1.4M
’17
−$910k
’18
−$773k
’19
$7.2M
’20
$177k
’21
$278k
’22
−$2.2M
’23
$1.1M
’24
−$462k
’25
2.1
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

Martin Whittaker

CEO, president

Board chair

Dan Schulman

Chairman, director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed363338354339403939
Joined·+4+10+3+9+1+3+7+8
No longer listed·75615288
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 5 funders to 25 funders, grant income rose $1.6M → $4.0M.

22 of 57 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% 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 JUST CAPITAL FOUNDATION INC’s funders (the co-funder graph). Top 30 of 57 funders by total. 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

JUST CAPITAL FOUNDATION INC has a broad base — no single funder exceeds 23% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

23%
largest funder
52%
top three
~8
effective funders

Largest funder’s share by year: 2017 65% · 2018 48% · 2019 48% · 2020 48% · 2021 34% · 2022 16% · 2023 28% — diversifying over time.

“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.

How long its funders stay

47% of JUST CAPITAL FOUNDATION INC's funders are still giving 3 years after their first grant; 63% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

JUST CAPITAL FOUNDATION INC draws 60% of its grant income from funders outside New York, across 14 states in all.

WA
IL
MI
NY
MA
IN
OH
NJ
CT
CA
MD
DE
DC
FL

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

’17
’18
’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $4.4M arriving through sponsors registered in 15 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

JUST CAPITAL FOUNDATION INC's funding base is broadening — from 5 funders to 25 as grant income climbed.

Operating margin−4% · bottom quartile
Months of reserve2.1mo · below the median
Revenue growth (annualized)8% · below the median

this organization peer median middle 50% of peers· 25 social science nonprofits $10M–$100M, FY2025

Organizations like JUST CAPITAL FOUNDATION INC

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 New York

Nationally

05Profile & governance

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

Where the money goes

76% of spending goes to programs.

Program 76%Management 13%Fundraising 11%

Governance

22
board members
95%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

47%

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

Footprint & structure

Files a return copy in 5 states

NY
CT
CA
DE
FL

Screen this organization

A dated, signed PDF of the compliance screen for JUST CAPITAL FOUNDATION INC: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 JUST CAPITAL FOUNDATION INC?
JUST CAPITAL FOUNDATION INC (New York) receives grants from 57 organizations whose IRS filings report $26,364,494 to it, the largest being THE FORD FOUNDATION ($5,990,750). 36 of them have funded it in more than one year.
How many funders does JUST CAPITAL FOUNDATION INC have?
IRS filings report 57 organizations giving $26,364,494 in grants to JUST CAPITAL FOUNDATION INC, 36 of which have funded it in more than one year.
Who is the largest funder of JUST CAPITAL FOUNDATION INC?
THE FORD FOUNDATION is the largest funder on record, with $5,990,750 in grants. The full list of funders is on this page.
How can an organization like JUST CAPITAL FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 57 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