1. Directory
  2. New York
  3. New York
  4. Equitable Facilities Fund
EIN 82-2351889

Equitable Facilities Fund

IRS 501(c) type
501(c)(3)
Num. employees
20
City
New York
State
New York
Year formed
2017
Most recent tax filings
2023-12-01
NTEE code, primary
B11: Education Single Organization Support
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
$73,775,771
2023
Total expenses
$31,779,216
2023
Total assets
$1,479,720,868
2023
Num. employees
20
2023

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
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)$3,000,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,500,000
Morgan Stanley Global Impact Funding TrustUnrestricted General Support$1,000,000
...and 3 more grants received

Personnel at Equitable Facilities Fund

NameTitleCompensation
Anand KesavanChief Executive Officer$661,780
Mike McGregorChief Operations Officer / Chief of Staff$265,375
Mark MedemaSenior Advisor$107,250
Michelle GetzChief Credit Officer$291,775

Financials for Equitable Facilities Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$24,601,164
Program services$41,168,130
Investment income and dividends$6,973,300
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$1,033,177
Total revenues$73,775,771

Form 990s for Equitable Facilities Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-16990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122022-03-28990View PDF
...and 2 more Form 990s
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 3, 2025
Used new vendors
Identified 1 new vendor, including
November 23, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from Nabholz Charitable Foundation
July 11, 2024
Received grants
Identified 2 new grant, including a grant for $50,000,000 from Alice L Walton Foundation
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
School foundationsGrantmaking organizationsCorporate foundationsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Funds one specific organizationLobbyingReceives government fundingTax deductible donationsAccepts online 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
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2025 Nonprofit Metrics LLC
Terms of Service and Privacy Policy