New York · Nonprofit
NAF
NAF (New York) receives grants from 27 organizations whose IRS filings report $50,209,414 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($29,234,150). 18 of them have funded it in more than one year, and 84% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $21M
- Funders on record
- 27
- Grants received
- $50M
- Net assets
- $7.1M
What Naf does
Mission
Naf solves some of the biggest challenges facing education and the economy by bringing education, business, and community leaders together to transform the high school experience.
As stated on its FY2024 Form 990.
Programs
The academy of finance, which operates 129 academies, connects high school students with the world of financial services and personal finance, offering a curriculum that covers banking and credit, financial planning, global finance securities, insurance, accounting, and economics. The academy of finance curriculum and certification is validated by the council for economic education.
$3,747,236 spentof which $246,254 as grants$416,071 earned by the program21% of program spendingThe academy of information technology, which operates 88 academies, prepares students for career opportunities in computer networking, systems, database design, digital video production, graphic design, and programming. In addition, juniper networks has agreed upon a program of study, linked to Naf assessments, which will qualify students for its professional training program and earn a juniper certificate. Academies may also use computer science curriculum from project lead the way, inc. (pltw) and select courses from cisco.
$2,556,254 spentof which $167,987 as grants$283,831 earned by the program14% of program spendingThe academy of engineering, which operates 86 academies, answers an acute need for engineers in this country by educating high school students in the principles of engineering, providing content in the fields of electronics, biotech, aerospace, civil engineering, and architecture. Academies use curriculum from project lead the way, inc. (pltw), the stem academy, or paxton/patterson. They also benefit from support provided by national action council for minorities in engineering (nacme).
$2,498,157 spentof which $164,169 as grants$277,381 earned by the program14% of program spendingThe academy of health sciences, which operates 77 academies, addresses the critical achievement gap in stem fields and develops a pipeline of students prepared to pursue health-related degrees and professions in one of the fastest growing sectors of the economy. Courses include content on biotechnology, anatomy, physiology, and global health. Academies may use biomedical curriculum from project lead the way inc. (pltw) or the health sciences careers curriculum from paxton-patterson. Hosafuture health professionals also provides opportunities for students to build college and career-readiness skills. The national consortium for health science education provides an online module for work-based learning.
$9,179,277 spentof which $603,228 as grants$1,019,212 earned by the program51% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $17,980,924.
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.
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 $19M to $9.8M (−49%).
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.
Government-grant reliance: 2018 0% · 2019 0% · 2020 0% · 2021 17% · 2022 1% · 2023 1%. Grants only. Government contracts and fees sit inside program revenue.
88% of NAF’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
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
Lisa Paulette Dughi
Chief executive officer
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 8 funders to 15 funders, grant income rose $4.2M → $7.1M.
11 of 27 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 84% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $974k from 8 payers (the payer shares this organization's board, largest Silicon Valley Community Foundation). These are real filings, and they are not money NAF raised.
From the IRS filings of NAF’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
NAF leans on a few funders — its largest provides 58% of grant income and the top three 81%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% 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 NAF.
Largest funder’s share by year: 2017 71% · 2018 57% · 2019 71% · 2020 60% · 2021 87% · 2022 47% · 2023 68% — 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
36% of NAF's funders are still giving 3 years after their first grant; 67% give in more than one year at all.
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
84% of NAF'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 $8.1M that is directly attributable, 96% of it comes from funders outside New York, across 12 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $42M arriving through sponsors registered in 9 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.
Against its field
NAF receives grants from 27 organizations whose IRS filings report $50M to it.
this organization peer median middle 50% of peers· 4,065 education nonprofits $10M–$100M, FY2024
Organizations like NAF
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
72%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 26 states
Screen this organization
A dated, signed PDF of the compliance screen for NAF: 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.
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 NAF?
- NAF (New York) receives grants from 27 organizations whose IRS filings report $50,209,414 to it, the largest being GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ($29,234,150). 18 of them have funded it in more than one year, and 84% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does NAF have?
- IRS filings report 27 organizations giving $50,209,414 in grants to NAF, 18 of which have funded it in more than one year.
- Who is the largest funder of NAF?
- GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC is the largest funder on record, with $29,234,150 in grants. The full list of funders is on this page.
- How can an organization like NAF 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 FY2024 (financials across 2017–2024), and the filings of 27 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 22, 2026. What this page cannot tell you · view filing