New York · Nonprofit
TRUFUND FINANCIAL SERVICES INC
TRUFUND FINANCIAL SERVICES INC (New York) receives grants from 17 organizations whose IRS filings report $22,102,624 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($10,000,000). 8 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $16M
- Funders on record
- 17
- Grants received
- $22M
- Net assets
- $19M
What Trufund Financial Services Inc does
Mission
Trufund's (tfs) mission is to promote and foster economic development in underserved communities and among disadvantaged populations. For more information, see schedule o.
As stated on its FY2024 Form 990.
Program
Small business lending - a principal component of trufund's mission is to serve minority and women owned business enterprises and small businesses located within a low-or moderate-income community, as they represent historically economically disadvantaged populations and those traditionally disconnected from mainstream financial institutions. For more information - see schedule o.
$10,687,259 spent$4,015,171 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $10,687,259.
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 $49M to $52M (+7%).
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: 2017 76% · 2018 71% · 2019 54% · 2022 51% · 2023 42% · 2024 16%. Grants only. Government contracts and fees sit inside program revenue.
73% of TRUFUND FINANCIAL SERVICES INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 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
James Bason
President - chief executive officer
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base broadened from 1 funder to 3 funders, grant income fell $300k → $79k.
7 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 85% 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 TRUFUND FINANCIAL SERVICES INC’s funders (the co-funder graph). Top 16 of 17 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
TRUFUND FINANCIAL SERVICES INC leans on a few funders — its largest provides 45% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
88% 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 TRUFUND FINANCIAL SERVICES INC.
Largest funder’s share by year: 2018 100% · 2019 100% · 2020 50% · 2021 75% · 2022 41% · 2023 76% — 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
20% of TRUFUND FINANCIAL SERVICES INC's funders are still giving 3 years after their first grant; 47% 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
85% of TRUFUND FINANCIAL SERVICES INC'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 $3.4M that is directly attributable, 57% of it comes from funders outside New York, across 8 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $19M arriving through sponsors registered in 6 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
TRUFUND FINANCIAL SERVICES INC holds deeper cash reserves than three-quarters of the 659 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 659 community improvement nonprofits $10M–$100M, FY2024
Government funding TRUFUND FINANCIAL SERVICES INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $20.3M on record.
- Department of Commerce$12.8M
- Department of the Treasury$7.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like TRUFUND FINANCIAL SERVICES 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
73% of spending goes to programs.
Governance
Public support
67%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 5 related entities
- Tru-Capital Investment Fund LLC · disregarded
- Tru-Capital Investment Fund II LLC · disregarded
- Ny Emerging Developers Equity Fund LLC · disregarded
- Empowerment Reinvestment Fund LLC · partnership
- Erf Holdings LLC · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for TRUFUND FINANCIAL SERVICES 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 TRUFUND FINANCIAL SERVICES INC?
- TRUFUND FINANCIAL SERVICES INC (New York) receives grants from 17 organizations whose IRS filings report $22,102,624 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($10,000,000). 8 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does TRUFUND FINANCIAL SERVICES INC have?
- IRS filings report 17 organizations giving $22,102,624 in grants to TRUFUND FINANCIAL SERVICES INC, 8 of which have funded it in more than one year.
- Who is the largest funder of TRUFUND FINANCIAL SERVICES INC?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $10,000,000 in grants. The full list of funders is on this page.
- How can an organization like TRUFUND FINANCIAL SERVICES 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 FY2024 (financials across 2017–2024), and the filings of 17 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