EIN 82-2351889

Equitable Facilities Fund

IRS 501(c) type
501(c)(3)
Num. employees
16
Year formed
2017
Most recent tax filings
2022-12-01
Description
The Equitable Facilities Fund empowers high-performing public charter schools by providing equitable access to low-cost, long-term financing through innovative mission-related investments. It leverages donations and other philanthropic monies to enable charter schools to borrow more cheaply and effectively, creating a new source of capital for their facilities needs.
Also known as...
Charter Impact Fund
Total revenues
$109,581,682
2022
Total expenses
$24,559,398
2022
Total assets
$1,150,821,941
2022
Num. employees
16
2022

Program areas at Equitable Facilities Fund

The Equitable Facilities Fund leverages donations and other philanthropic monies it receives and holds to enable charter schools to borrow more cheaply and effectively. Designing, implementing and maintaining this new source of capital for charter school Facilities will ultimately lead to improved public education for children.

Who funds Equitable Facilities Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Alice L Walton FoundationTo Help Fund Equitable Facilities Fund's Mission of Supporting An Equitable, High-Quality Public Education for All Students By Providing Financing To Excellent Public Charter Schools To Build, Grow and Renovate Facilities.$50,000,000
Houston EndowmentProject Support for the Texas Facilities Fund (An Eff Initiative That Will Provide Low-Cost Financing and Other Forms of Support To High-Performing Public Charter Schools Throughout Texas)$7,000,000
Houston EndowmentProject Support To Establish Texas Charter Schools Facilities Fund (Phase Ii)$50,000
...and 1 more grant received

Personnel at Equitable Facilities Fund

NameTitleCompensation
Anand KesavanChief Executive Officer$500,000
Mike McGregorChief Operations Officer / Chief of Staff$228,000
Kate AufieroDirector of Strategy$125,675
Joseph MarlarGeneral Counsel$141,907
Karina VadilloInvestment Associate$132,000
...and 6 more key personnel

Financials for Equitable Facilities Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$78,150,000
Program services$30,035,741
Investment income and dividends$1,395,941
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$109,581,682

Form 990s for Equitable Facilities Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-16990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122022-03-28990View PDF
2018-122020-06-04990View PDF
...and 1 more Form 990

Organizations like Equitable Facilities Fund

OrganizationLocationRevenue
Ub Foundation ActivitiesBuffalo, NY$106,388,612
University of Alaska FoundationAnchorage, AK$78,947,787
CSULB 49er FoundationLong Beach, CA$37,179,271
University of Louisiana Lafayette FoundationLafayette, LA$35,886,921
KU EndowmentLawrence, KS$404,903,174
Colorado School of Mines FoundationGolden, CO$49,131,943
American Technion SocietyNew York, NY$90,330,678
A4bgu (AABGU)New York, NY$56,387,922
South Carolina Student Loan Corporation (SCSL)Columbia, SC$58,099,567
Educational Credit Management CorporationMinneapolis, MN$361,979,726
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 7, 2024
Updated personnel
Identified 4 new personnel
December 26, 2023
Used new vendors
Identified 3 new vendors, including , , and
December 26, 2023
Received grants
Identified 2 new grant, including a grant for $7,000,000 from Houston Endowment
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
School foundationsGrantmaking organizationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationLobbyingTax deductible donations
General information
Address
228 Park Ave S PMB 61633
New York, NY 10003
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
eqfund.org/ 
Phone
(212) 506-5089
IRS details
EIN
82-2351889
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B11: Education Single Organization Support
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
Free account sign-up

Want updates when Equitable Facilities Fund has new information, or want to find more organizations like Equitable Facilities Fund?

Create free Cause IQ account