Acumen Fund Inc
Acumen Fund Inc at a glance
In short: Acumen Fund Inc gave $860K across 9 grants in 2024 (avg $96K), mostly in New York. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $860,441
- -25.6% vs 2023
- Grants made (2024)
- 9
- -40.0% vs 2023
- Average grant
- $95,605
- +23.9% vs 2023
- Median grant
- $25,000
- Total assets
- $217,512,001
- +3.2% vs 2023
- Primary geography
- New York (51% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Acumen Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Acumen Capital Partners LLC ($412K). Together the top 9 received $860K.
Grant Size Distribution
72 grants across all recorded years
The most common grant size was under $50K: 29 grants of 72 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
How Acumen Fund Inc gives
- Giving held roughly steady from 2021 to 2024 (+19%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $338K (2022) to $4.6M (2020). In 2024 it made 9 grants totaling $860K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Acumen Capital Partners LLC New York, NY | Technical Assistance for Portfolio Companies | $412,278 |
| Refugee Investment Network Inc Washington, DC | Conduct research, educate and advise on how to build and implement durable refugee-lens investing (RLI) strategies worldwide | $333,163 |
| Kaizen Health Inc Chicago, IL | Technical Assistance for Portfolio Companies | $25,000 |
| Staten Island Performing Provider System LLC Staten Island, NY | Technical Assistance for Portfolio Companies | $25,000 |
| City of Samaritans PBC Wilmington, DE | Technical Assistance for Portfolio Companies | $25,000 |
| Free from Market Kansas City, MO | Technical Assistance for Portfolio Companies | $10,000 |
| Farmbox Direct Inc Boston, MA | Technical Assistance for Portfolio Companies | $10,000 |
| Rasa Public Benefit Corporation South Salt Lake, UT | Technical Assistance for Portfolio Companies | $10,000 |
| Zeraki Inc Dover, DE | Ta grant - to enable the grant recipient to improve personalized learning for students using zeraki learning by optimizing ai - via ea education facility | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $217,512,001 | $46,387,713 | $34,228,367 | $860,441 | 9 | $272,607 |
| 2023 | $210,817,310 | $53,208,748 | $30,214,319 | $1,157,159 | 15 | $1,207,116 |
| 2022 | $187,205,036 | $61,117,505 | $28,870,332 | $338,000 | 3 | $1,345,663 |
| 2021 | $151,257,086 | $30,454,797 | $22,798,953 | $725,397 | 10 | $-1,754,763 |
| 2020 | $141,486,235 | $28,858,136 | $28,389,297 | $4,626,440 | 35 | $525,861 |
About Acumen Fund Inc
Based on IRS filings
Acumen Fund Inc is a public charity focused on International, Foreign Affairs & National Security, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $217.5M in total assets. In 2024, it awarded 9 grants totaling $860K. Net investment income was $273K.
Leadership & Key People
Officers and directors from IRS filings
Acumen Fund Inc is led by Jacqueline Novogratz, CEO & Director on every filing since 2020; 14 of 27 officers listed in 2024 are compensated.
Officers on the 2024 filing
Jacqueline Novogratz
CEO & Director
On filings since 2020
39.5 hrs/week
$356K (2020) → $393K (2024)
Carlyle Singer Jones
President
On filings since 2020
39.5 hrs/week
$303K (2020) → $352K (2024)
Shaiza Rizavi
Board Chair
On filings since 2020
1 hr/week
No compensation reported
Nate Laurell
Director & Board Chair
New on the 2024 filing
1 hr/week
No compensation reported
Jules Samain
Managing Director & H2r
New on the 2024 filing
40 hrs/week
$231K (2024)
Amon Anderson
Director & Acumen America
On filings since 2020
$194K (2020) → $220K (2024)
Catherine C. Nanda
Director & Acumen America
On filings since 2020
$196K (2020) → $252K (2024)
Sarah Bieber
Director, Development & Partnerships
Director & Fundraising → Director, Development & Partnerships, 2023
On filings since 2022
40 hrs/week
$183K (2022) → $197K (2024)
Sandra Halilovic
Director of Investments & H2r
New on the 2024 filing
40 hrs/week
$201K (2024)
Andrea Soros Colombel
Director
On filings since 2020
1 hr/week
No compensation reported
C. Hunter Boll
Director
On filings since 2020
1 hr/week
No compensation reported
Cristina Ljungberg
Director
On filings since 2020
1 hr/week
No compensation reported
Karen Paterson
Director
On filings since 2020
1 hr/week
No compensation reported
Kathleen Chew Wai Lin
Director
On filings since 2020
1 hr/week
No compensation reported
Kirsten Nevill-Manning
Director
On filings since 2020
1 hr/week
No compensation reported
Margo Alexander
Director
On filings since 2020
1 hr/week
No compensation reported
Thulasiraj Ravilla
Director
On filings since 2020
1 hr/week
No compensation reported
Hans Taparia
Director
On filings since 2022
1 hr/week
No compensation reported
Matthew Courey
Director
On filings since 2023
1 hr/week
No compensation reported
Juan Carlos Mora Uribe
Director
New on the 2024 filing
1 hr/week
No compensation reported
Amrita Bhandari
Chief of Insights & Strategy
Chief of Business Development → Chief of Insights & Strategy, 2023
On filings since 2020
40 hrs/week
$226K (2020) → $293K (2024)
Jacqueline Woo
CFO
Chief Financial Officer → CFO, 2024
On filings since 2020
39.5 hrs/week
$229K (2020) → $194K (2024)
Lynn Roland
Board Secretary & General Counsel
On filings since 2020
35 hrs/week
$224K (2020) → $284K (2024)
Yasmina Zaidman
Chief of Development & Partnerships
On filings since 2022
40 hrs/week
$251K (2022) → $282K (2024)
Alexandra Gordon
Chief of Communications
New on the 2024 filing
40 hrs/week
$207K (2024)
Jiwoo Choi
Chief of Strategic Initiatives
New on the 2024 filing
40 hrs/week
$247K (2024)
Katherine Parker
Chief of Academy
New on the 2024 filing
40 hrs/week
$270K (2024)
Former officers (18)
- Former: Joanna McQuade (2020–2023) — Director & Talent
- Former: Mark Tercek (2020–2023) — Director
- Former: Nathan Laurell (2020–2023) — Director
- Former: Sabrina Lee Ortega Sanchez (2020–2023) — Head of Business Development & Foundation
- Former: William Charnock (2020–2023) — Chief of Marketing
- Former: Michelle Osorio (2021–2023) — Investment Director & Kawisafi Ventures
- Former: Alexandra Trabulsi (2022–2023) — Director & Philanthropy
- Former: Kevin Lehman Associate (2023) — Director & Fundraising
- Former: Jo-Ann Tan (2020–2022) — Director & Leadership
- Former: Julius Gaudio (2020–2022) — Director
- Former: Stuart Davidson (2020–2022) — Director
- Former: Eleanor Murphy (2021–2022) — Director & Leadership
- Former: Batool Hassan (2020–2021) — Director & Leadership
- Former: Yasmina Zaidman Chief (2020–2021) — Strategic Partnerships Officer
- Former: Alexandra Trabulsi Head Of (2020) — Business Development & West Coast
- Former: Eleanor Murphy Head Of (2020) — Business Development & East Coast
- Former: Otho Edgar Kerr (2020) — Chief Investment Officer
- Former: Pat Mitchell (2020) — Director
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $393K, to Jacqueline Novogratz (CEO & Director). 14 officers or directors reported compensation on that filing.
Frequently asked questions about Acumen Fund Inc
How much does Acumen Fund Inc give each year?
Acumen Fund Inc gave $860K across 9 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.2M across 15 grants.
What is Acumen Fund Inc's typical grant size?
Acumen Fund Inc's median grant in 2024 was $25,000, and its average grant was $95,605, across 9 grants on its 2024 IRS Form 990.
Where does Acumen Fund Inc give grants?
Acumen Fund Inc gives mostly in New York: 51% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was District of Columbia (39%).
Does Acumen Fund Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Acumen Fund Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Technical Assistance for Portfolio Companies" (7 grants).
Who are Acumen Fund Inc's largest grantees?
Acumen Fund Inc's largest 2024 grantees include Acumen Capital Partners LLC ($412,278), Refugee Investment Network Inc ($333,163) and Kaizen Health Inc ($25,000), according to its 2024 IRS Form 990. Together they received 90% of its itemized 2024 grant dollars.
How large is Acumen Fund Inc?
Acumen Fund Inc reported $217.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $46.4M.
What is Acumen Fund Inc?
Acumen Fund Inc is a public charity focused on International, Foreign Affairs & National Security, based in New York, NY. It holds $217.5M in total assets as of 2024.
What is Acumen Fund Inc's EIN?
Acumen Fund Inc's EIN (Employer Identification Number) is 13-4166228. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 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 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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