EIN 87-1811721

The Gro Fund

IRS 501(c) type
501(c)(3)
Num. employees
7
State
Year formed
2021
Most recent tax filings
2023-12-01
Description
The Gro Fund builds evidence-based and community-informed solutions to address poverty and close the racial wealth gap. They share findings from their In Her Hands project with agencies to educate them on guaranteed income programs and aim for education. In Her Hands, a collaborative initiative with Give Directly, provides an income supplement to 654 low-income women in three Georgia communities.
Also known as...
Georgia Resilience and Opportunity Fund
Total revenues
$15,357,750
2023
Total expenses
$2,500,965
2023
Total assets
$15,900,736
2023
Num. employees
7
2023

Program areas at The Gro Fund

In Her Hands 1. POLICY LEARNING:THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF THE IN HER HANDS PROJECT WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED/LOW-INCOME GROUPS. THE GOAL OF THESE PROGRAMS WILL BE EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STATE-EARNED INCOME TAX CREDIT AND SOCIAL SAFETY NET REFORM.THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE IN HER HANDS PROJECT AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND A GUARANTEED INCOME PROJECT. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS.2. DIRECT SERVICE PROVISION FOR LOW-INCOME WOMEN:IN HER HANDS IS A COLLABORATIVE INITIATIVE OF BOTH THE ORGANIZATION AND GIVE DIRECTLY, AND IT PROVIDES 654 LOW-INCOME WOMEN ACROSS THREE COMMUNITIES IN GEORGIA WITH AN INCOME SUPPLEMENT BY PROVIDING AN AVERAGE OF $850 PER MONTH FOR TWO YEARS.THE PROGRAM SERVES LOW-INCOME WOMEN IN THE OLD FOURTH WARD AREA OF THE CITY OF ATLANTA, SOUTHWESTERN PART OF THE STATE OF GEORGIA, AND COLLEGE PARK. THE PROGRAM IS EXPANDING TO ADDITIONAL NEIGHBORHOODS IN ATLANTA.IN HER HANDS WILL NOT JUST PROVIDE A GUARANTEED INCOME FOR TWO YEARS, BUT ALSO THE FOLLOWING BENEFITS TO PARTICIPANTS: COMMUNITY ENGAGEMENT AND OUTREACH; COORDINATION WITH PUBLIC BENEFITS AGENCIES; PROVIDING BENEFITS COUNSELING; DOING EXIT INTERVIEWS AND OFFBOARDING ACTIVITIES TO ESTABLISH THE SUCCESS OF THE PROJECT AND HELP TRANSITION OUT OF IT.
Baby Bonds 1. POLICY LEARNING:THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF THE BABY BONDS PILOT PROGRAM WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED YOUTH AND YOUNG ADULTS. THE GOAL OF THESE PROGRAMS WILL BE GENERATING EVIDENCE ON WEALTH BUILDING AND EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STRATEGIES TO ADDRESS WEALTH DISPARITIES SUCH AS A STATE BABY BONDS PROGRAM.THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE BABY BONDS PILOT PROGRAM AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND DIRECT YOUTH WEALTH BUILDING STRATEGIES. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS.2. DIRECT SERVICE PROVISION FOR LOW-INCOME YOUTH AND YOUNG ADULTS:THE BABY BONDS PILOT PROGRAM WILL PROVIDE 50 LOW-INCOME YOUTH AND YOUNG ADULTS IN ATLANTS WITH A GUARANTEED INCOME OF $500/MONTH FOR FOUR YEARS AND A LARGE LUMP SUM OF APPROXIMATELY $40,000 FOR WEALTH BUILDING PURPOSES SUCH AS BUYING A HOME, STARTING A BUSINESS OR ENROLLING IN HIGHER EDUCATION. THE YOUNG PEOPLE ALSO RECEIVE FINANCIAL ADVISING AND MENTORSHIP THROUGHOUT THEIR FOUR YEARS IN THE PROGRAM.THE GOAL OF THE PILOT IS TO SUPPORT THE YOUNG PEOPLE ENROLLED AND TO GENERATE INSIGHT ON HOW THESE INTERVENTIONS IMPROVE YOUTH AND YOUNG PEOPLES FINANCIAL STABILITY AND WEALTH POSITION.
Comms and RepTHE COMMUNICATIONS PROGRAM SUPPORTS GROS WORK BY ELEVATING PROGRAM LEARNINGS FROM EVALUATION AND PARTICIPANT STORIES. THE COMMUNICATIONS PROGRAM USES DATA AND EVIDENCE TO BETTER UNDERSTAND HARMFUL NARRATIVES ABOUT POVERTY AND THE RACIAL WEALTH GAP AND HOW TO CREATE NEW NARRATIVES THAT EMPHASIZE HOW THE ECONOMY CAN WORK FOR ALL OF US.

Grants made by The Gro Fund

GranteeGrant descriptionAmount
GiveDirectlyInfrastructure Support$1,570,000

Who funds The Gro Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kendeda FundThe in Her Hands Initiative$1,000,000
Robert Wood Johnson Foundation (RWJF)81201 Piloting A Baby Bonds Program in Georgia To Narrow the Racial Wealth Gap$674,365
Prudential FoundationSeed Capital for Life - A Baby Bonds Pilot Program$300,000
...and 6 more grants received

Personnel at The Gro Fund

NameTitleCompensation
Hope WollensackExecutive Director$9,167
Amir FarokhiBoard Member$0

Financials for The Gro Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$15,342,318
Program services$0
Investment income and dividends$7,761
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$7,671
Total revenues$15,357,750

Form 990s for The Gro Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-07-10990View PDF
Data update history
December 25, 2024
Received grants
Identified 3 new grant, including a grant for $1,000,000 from Kendeda Fund
August 26, 2024
Received grants
Identified 3 new grant, including a grant for $300,000 from Prudential Foundation
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $250,000 from Bug and Bean Fund
December 29, 2023
Received grants
Identified 3 new grant, including a grant for $255,000 from The Community Foundation for Greater Atlanta
November 7, 2023
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Social advocacy organizationsResearch centersCharities
Issues
Social sciences
Characteristics
Political advocacyConducts researchState / local levelTax deductible donationsAccepts online donations
General information
Address
422 Glen Iris Dr
Atlanta, GA 30308
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Fulton County, GA
Website URL
thegrofund.org/ 
IRS details
EIN
87-1811721
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
V00: Social Science Research: General
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
Free account sign-up

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

Create free Cause IQ account