2040 Foundation Inc
2040 Foundation Inc is a public charity based in Charlotte, North Carolina. Formed in 2013, it says its mission is to accelerate America’s clean energy future with conservative solutions.
Key facts about 2040 Foundation Inc
In short: 2040 Foundation Inc gave $12.8M across 11 grants in 2024 (avg $1.2M), mostly in New York. 45% of 2024 grantees were new. Source: 2024 IRS Form 990.
- EIN
- 46-3891359
- Latest 990 filing
- Form 990, 2024
- Annual giving (2024)
- $12,784,227
- Grants made (2024)
- 11
- Average grant
- $1,162,202
- Median grant
- $245,000
- New grantees (estimate)
- 45% first-time grantees (5 of 11, 2024; small sample)
- Total assets
- $90,780,888
- Primary geography
- New York (74% of itemized 2024 grant dollars)
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990 · View filing
Total Assets
$90.8M
-9.3% YoY
Annual Giving
$12.8M
-10.7% YoY
Grant Count
11
+57.1% YoY
Avg Grant Size
$1.2M
-43.2% YoY
Is 2040 Foundation Inc open to new grantees?
45%
first-time grantees, 2024
In 2024, 5 of 11 grantees (45%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $92K; repeat grants $2.1M. How we count
Medians: $25K first-time, $756K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to “Accelerate America's clean energy future with conservative solutions.” Its 2024 filing describes support for clean energy programs and for faith-based public charities, as well as research, analysis, and educational programs.
Its 2024 grants included support for organizations whose own stated missions address philanthropy and charitable giving, clean-energy innovation to reduce global emissions, flood adaptation, immigration legal services, Christian churches and charities, community initiatives, and treatment for alcohol and substance abuse. These are the grantees’ stated missions, not descriptions of the foundation’s mission.
Grantmaking
In 2024, the foundation reported 11 grants totaling $12,784,227. Grant amounts ranged from $5,000 to $9,234,729, with a median of $245,000. Its largest listed grant was $9,234,729 to Goldman Sachs Philanthropy Fund for support of community initiatives. Other large grants included $1,133,387 to Clearpath Inc for clean-energy innovation initiatives, $861,111 to American Flood Coalition Inc for community initiatives, and $650,000 to Schwab Charitable Fund for community initiatives.
Other listed recipients included Carolina Immigration Law ($300,000), American Conservation Coalition ($245,000), 1st Street Foundation ($200,000), National Christian Charitable Foundation Inc ($120,000), Foundation for the Carolinas ($25,000), Joseph Rainey Center for Public Policy ($10,000), and Dilworth Center ($5,000). The filing says the organization maintains records substantiating grant amounts and selection criteria.
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Geographic Focus
Where this funder awards grants
The foundation is based in Charlotte, North Carolina. In 2024, grant dollars were distributed by recipient state as follows: New York, 74%; District of Columbia, 16%; California, 5%; North Carolina, 3%; and Wisconsin, 2%.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $12.8M (2024) to $17.4M (2021). In 2024 it made 11 grants totaling $12.8M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Goldman Sachs Philanthropy Fund ($9.2M). Together the top 10 received $12.8M.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was in the $1–5M range: 12 grants of 43 (28%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Goldman Sachs Philanthropy Fund New York, NY | Support of Community Initiatives | $9,234,729 |
| Clearpath Inc Washington, DC | Support for Clean Energy Innovation Initiatives | $1,133,387 |
| American Flood Coalition Inc Washington, DC | Support of Community Initiatives | $861,111 |
| Schwab Charitable Fund San Francisco, CA | Support of Community Initiatives | $650,000 |
| Carolina Immigration Law Charlotte, NC | Provides immigration legal services to persons who are otherwise financially incapable of obtaining such services. | $300,000 |
| American Conservation Coalition Appleton, WI | Promote methane awareness and education | $245,000 |
| 1st Street Foundation Brooklyn, NY | To make climate risk accessible, easy to understand and actionable for individuals, governments, and industry. | $200,000 |
| National Christian Charitable Foundation Inc Alpharetta, GA | Support Faith Based Initiatives | $120,000 |
| Foundation for the Carolinas Charlotte, NC | McColl Park | $25,000 |
| Joseph Rainey Center for Public Policy Washington, DC | Public policy research and leadership development community by and for women, minorities, and mavericks | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $90,780,888 | $805,127 | $14,695,873 | $12,784,227 |
| 2023 | $100,049,962 | $392,925 | $16,517,816 | $14,319,912 |
| 2022 | $107,868,029 | -$421,090 | $17,286,494 | $15,806,571 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $90,780,888 | $100,049,962 | $107,868,029 |
| Revenue | $805,127 | $392,925 | $-421,090 |
| Expenses | $14,695,873 | $16,517,816 | $17,286,494 |
| Net Investment Income | $805,127 | $392,925 | $-453,480 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jay W Faison as president and Mark T Bruinooge as chief financial officer. Listed board members are Bert Davis, Bill Clements, Dana Ring, Jeremy Harrell, Matthew Eby, and Rich Powell.
2040 Foundation Inc is led by Jay W Faison, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jay W Faison
President
On filings since 2020
5 hrs/week
No compensation reported
Bill Clements
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Dana Ring
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Mark T Bruinooge
Chief Financial Officer
On filings since 2020
2 hrs/week
No compensation reported
Rich Powell
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Matthew Eby
Board Member
On filings since 2022
2 hrs/week
No compensation reported
Bert Davis
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Jeremy Harrell
Board Member
New on the 2024 filing
2 hrs/week
No compensation reported
Former officers (1)
- Former: Tommy Hunter (2020–2021) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 1355 Greenwood Cliff Drive 400, Charlotte, NC 28204
Phone: (704) 945-0487
Website: https://mission2040.org
Frequently asked questions about 2040 Foundation Inc
How much does 2040 Foundation Inc give each year?
2040 Foundation Inc gave $12.8M across 11 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $14.3M across 7 grants.
What is 2040 Foundation Inc's typical grant size?
2040 Foundation Inc's median grant in 2024 was $245,000, and its average grant was $1,162,202, across 11 grants on its 2024 IRS Form 990. Organizations receiving their first grant from 2040 Foundation Inc that year got $92K on average.
Where does 2040 Foundation Inc give grants?
2040 Foundation Inc gives mostly in New York: 74% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest states were District of Columbia (16%) and California (5%). The most frequent recipient cities were Washington, DC (3 grants) and Charlotte, NC (3 grants).
Does 2040 Foundation Inc give general operating support?
Not in 2024: none of the 11 grants with a stated purpose on 2040 Foundation Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Support of Community Initiatives" (3 grants).
Who are 2040 Foundation Inc's largest grantees?
2040 Foundation Inc's largest 2024 grantees include Goldman Sachs Philanthropy Fund ($9,234,729), Clearpath Inc ($1,133,387) and American Flood Coalition Inc ($861,111), according to its 2024 IRS Form 990. Together they received 88% of its itemized 2024 grant dollars.
How large is 2040 Foundation Inc?
2040 Foundation Inc reported $90.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $805K.
What does 2040 Foundation Inc fund?
The foundation’s stated mission is to “Accelerate America's clean energy future with conservative solutions.” Its 2024 filing describes support for clean energy programs and for faith-based public charities, as well as research, analysis, and educational programs. See mission & focus areas ↑
How do I apply for a grant from 2040 Foundation Inc?
2040 Foundation Inc has no public application process in the sources Grantable reviewed. Check mission2040.org for current guidelines, or contact the foundation directly before submitting a request.
What is 2040 Foundation Inc's EIN?
2040 Foundation Inc's EIN (Employer Identification Number) is 46-3891359. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
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