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California · Nonprofit

PLOUGHSHARES FUND INC

PLOUGHSHARES FUND INC (California) receives grants from 112 organizations whose IRS filings report $24,875,957 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,295,903). 75 of them have funded it in more than one year.

Revenue FY2025
$5.2M
Funders on record
112
Grants received
$25M
Net assets
$22M
75/112 repeat funderspeak grant-dependency 69%
01What it does

What Ploughshares Fund Inc does

Mission

Our mission is to reduce and eventually eliminate the threat of nuclear weapons. We do critical work to drive collaborative action within the nuclear field and provide funding to experts and organizations focused on mitigating the threat.

As stated on its FY2025 Form 990.

Program

  1. Ploughshares advanced its mission to reduce the threat of nuclear weapons by investing in organizations, leaders, and strategies that strengthen the field. The organization provided grants and support to 46 organizations in the united states and internationally, enabling partners to respond to emerging nuclear risks, resist a renewed arms race, and advocate for policies that enhance global security. Ploughshares' field-building efforts connected advocates, fostered coordination, and supported coalitions working to prevent nuclear testing and promote de-escalation. Communications initiatives expanded public understanding of nuclear dangers through research, media engagement, and digital storytelling, elevating expert voices and informing policymakers and the public. Through these combined efforts, ploughshares helped sustain a resilient, effective network of actors dedicated to reducing nuclear threats.

    $5,679,058 spentof which $3,119,923 as grants
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $5,679,058.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 = 20212021 Revenue 100 ($6.6M) Expenses 100 ($7.4M) Net assets 100 ($33M)2022 Revenue 96 ($6.3M) Expenses 114 ($8.5M) Net assets 77 ($25M)2023 Revenue 138 ($9.1M) Expenses 120 ($9.0M) Net assets 86 ($28M)2024 Revenue 77 ($5.1M) Expenses 131 ($9.7M) Net assets 73 ($24M)2025 Revenue 79 ($5.2M) Expenses 102 ($7.6M) Net assets 65 ($22M)
20212022202320242025
Revenue (79)Expenses (102)Net assets (65)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 2021 to 2022, from $35M to $28M (−21%).

$35M
$28M
$32M
$27M
$24M
20212022202320242025
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.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2024 3%. Grants only. Government contracts and fees sit inside program revenue.

59% of PLOUGHSHARES FUND INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (97% for the typical peer).

This organization
Typical peer · 1,680 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 5 reported years ran a deficit.

−$834k
’21
−$2.2M
’22
$144k
’23
−$4.6M
’24
−$2.4M
’25
2.3
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

Elizabeth Warner

Executive director

Board chair

Gretchen Hund

Chair

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2023 and FY2024 filings.

20212022202320242025
Listed2625212624
Joined·+3+4+8+2
No longer listed·4834
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 37 funders to 52 funders, grant income fell $2.6M → $2.5M.

24 of 112 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 39% 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 PLOUGHSHARES FUND INC’s funders (the co-funder graph). Top 30 of 112 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

PLOUGHSHARES FUND INC has a broad base — no single funder exceeds 13% of grant income, and it takes 7 funders to reach half.

the vertical line marks half of all grant income — 7 funders to its left

49% 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 PLOUGHSHARES FUND INC.

13%
largest funder
31%
top three
~19
effective funders

Largest funder’s share by year: 2017 39% · 2018 24% · 2019 50% · 2020 32% · 2021 17% · 2022 23% · 2023 29% — 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

51% of PLOUGHSHARES FUND INC's funders are still giving 3 years after their first grant; 67% 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

PLOUGHSHARES FUND INC draws 65% of its grant income from funders outside California, across 17 states in all.

WA
MN
IL
WI
NY
MA
OR
OH
PA
NJ
CA
CO
DE
AZ
NM
DC
TX

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

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

Funder states come from each funder’s own filing. $9.6M arriving through sponsors registered in 13 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

PLOUGHSHARES FUND INC's revenue fell 21% between 2021 and 2025.

Operating margin−46% · bottom quartile
Months of reserve2.3mo · below the median
Revenue growth (annualized)−6% · bottom quartile

this organization peer median middle 50% of peers· 798 international nonprofits $1M–$10M, FY2025

Organizations like PLOUGHSHARES FUND 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 California

Nationally

05Profile & governance

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

Where the money goes

75% of spending goes to programs.

Program 75%Management 12%Fundraising 13%

Governance

18
board members
94%
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 36 states

AK
ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
OH
PA
NJ
CT
RI
CA
UT
CO
MO
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
HI
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for PLOUGHSHARES FUND 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.

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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 PLOUGHSHARES FUND INC?
PLOUGHSHARES FUND INC (California) receives grants from 112 organizations whose IRS filings report $24,875,957 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,295,903). 75 of them have funded it in more than one year.
How many funders does PLOUGHSHARES FUND INC have?
IRS filings report 112 organizations giving $24,875,957 in grants to PLOUGHSHARES FUND INC, 75 of which have funded it in more than one year.
Who is the largest funder of PLOUGHSHARES FUND INC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $3,295,903 in grants. The full list of funders is on this page.
How can an organization like PLOUGHSHARES FUND INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in California. 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 2021–2025), and the filings of 112 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