EIN 87-1530516

Groundswell Charitable Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2021
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Groundswell Charitable Foundation empowers a new generation of modern philanthropists with the tools they need to make the most impact by building bridges between companies and nonprofits. In 2022, it received $2,780,608 in contributions and disbursed $1,558,692 in donations at the advice of donors. Over 1,600 individual donations were made, benefiting approximately 975 unique nonprofit recipients.
Total revenues
$4,931,666
2023
Total expenses
$2,672,690
2023
Total assets
$3,748,833
2023
Num. employees
0
2023

Program areas at Groundswell Charitable Foundation

In 2023, the Groundswell Charitable Foundation received $4,860,615 in contributions, and disbursed $2,482,500 in grants at the advice of donors. Over 9,800 individual grants were made, constituting approximately 3,300 unique nonprofit recipients. The median grant amount in 2023 was $50. The top five nonprofits (by number of grants) were: team rubicon, st. jude children's hospital, doctors without borders, the trevor project, and the american society for the prevention of cruelty to animals.

Grants made by Groundswell Charitable Foundation

GranteeGrant descriptionAmount
Team Rubicon USA (TR)General Purpose / Unrestricted$1,298,032
Robin Hood Foundation / Tudor Charitable TRGeneral Purpose / Unrestricted$30,000
Berkshire Agricultural VenturesGeneral Purpose / Unrestricted$20,250
...and 8 more grants made

Who funds Groundswell Charitable Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
GS Daf (GSPF)Community & Human Services$1,300,000
GHJ FoundationGeneral Operating Support$60,000
Rose Community FoundationEmployee Matching Program$25,000

Personnel at Groundswell Charitable Foundation

NameTitleCompensation
Jake WoodPresident$0
Adam MillerSecretary$0
Joe MarcheseTreasurer$0

Financials for Groundswell Charitable Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,860,615
Program services$0
Investment income and dividends$71,051
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$4,931,666

Form 990s for Groundswell Charitable Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 15, 2024
Updated personnel
Identified 4 new personnel
January 1, 2024
Used new vendors
Identified 1 new vendor, including
February 2, 2022
Updated personnel
Identified 1 new personnel
February 1, 2022
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Grantmaking organizationsCorporate foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
880 Apollo St Suite 246
El Segundo, CA 90245
Metro area
Los Angeles-Long Beach-Anaheim, CA
Website URL
groundswellcharitable.foundation/ 
Phone
(310) 696-0777
IRS details
EIN
87-1530516
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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