New York · Nonprofit
SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC
SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC (New York) receives grants from 31 organizations whose IRS filings report $4,981,883 to it, the largest being Wells Fargo Foundation ($1,020,000). 18 of them have funded it in more than one year.
- Revenue FY2025
- $5.4M
- Funders on record
- 31
- Grants received
- $5.0M
- Net assets
- $12M
What Sifma Foundation for Investor Education (Fie) Inc does
Mission
The sifma foundation is dedicated to fostering knowledge and understanding of the financial markets for individuals of all backgrounds (continued on schedule o)with a focus on youth. Drawing on the support and expertise of the financial industry, the sifma foundation provides financial education programs and tools that strengthen economic opportunity across communities and increase individuals' awareness of and access to the benefits of the global marketplace.
As stated on its FY2025 Form 990.
Program
See schedule othe stock market game (tm)sifma foundation's flagship initiative, the stock market game, is a beloved project-based financial education program used in classrooms and educational settings. Starting with a virtual cash account of $100,000, student teams strive to create the best performing portfolio of bonds, stocks, mutual funds, etfs and esg investments during the 3 through 8 month competition. Smg engages youth in learning that leads to higher test scores in economics, math and personal finance, and life skills learning. A nationally randomized, double-blind study funded by the finra foundation found that the stock market game program substantially improved student performance on standardized math tests and improved student investor knowledge, while also increasing teachers likelihood of researching and planning for their own retirement. Investwrite (r)sifma foundation's national essay competition, investwrite, extends what students learn in smg by challenging them to review a long-term investment scenario and make analyst-style recommendations. Participants work individually and explore concepts of saving and investing, asset allocation, and corporate governance,…
$4,133,137 spentof which $21,468 as grants$351,330 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $4,133,137.
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 2021 to 2022, from $12M to $10M (−15%).
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.
87% of SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC’s revenue is contributions — more donation-reliant than the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 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.
Board chair
Richard J Daly
Executive chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 14 funders, grant income rose $147k → $395k.
9 of 31 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 18% 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: $488k from 2 payers (the payer shares this organization's board, largest Finra Regulation Inc). These are real filings, and they are not money SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC raised.
From the IRS filings of SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC’s funders (the co-funder graph). Top 30 of 31 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
SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
Largest funder’s share by year: 2017 68% · 2018 78% · 2019 62% · 2020 62% · 2021 42% · 2022 28% · 2023 30% — 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
43% of SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC's funders are still giving 3 years after their first grant; 58% 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
SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC draws 80% of its grant income from funders outside New York, across 15 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $892k 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
SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC runs a healthier operating margin than half of the 97 social science nonprofits its size.
this organization peer median middle 50% of peers· 97 social science nonprofits $1M–$10M, FY2025
Organizations like SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) 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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
73%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) 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.
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 SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC?
- SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC (New York) receives grants from 31 organizations whose IRS filings report $4,981,883 to it, the largest being Wells Fargo Foundation ($1,020,000). 18 of them have funded it in more than one year.
- How many funders does SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC have?
- IRS filings report 31 organizations giving $4,981,883 in grants to SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC, 18 of which have funded it in more than one year.
- Who is the largest funder of SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) INC?
- Wells Fargo Foundation is the largest funder on record, with $1,020,000 in grants. The full list of funders is on this page.
- How can an organization like SIFMA FOUNDATION FOR INVESTOR EDUCATION (FIE) 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 31 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