Apollo Opportunity Foundation
The Apollo Opportunity Foundation is a corporate foundation established by Apollo Global Management in February 2022. Based in New York, NY, it operates as a 501(c)(3) organization committed to expanding economic opportunity globally. The Foundation distinguishes itself through an employee-driven model where Apollo staff nominate nonprofit organizations for funding, and a 12-member Grants Council—representing different organizational levels, geographies, and business units—evaluates and selects grantees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$181.8M
+23.4% YoY
Annual Giving
$11.2M
+53.1% YoY
Grant Count
22
-18.5% YoY
Avg Grant Size
$508K
+87.9% YoY
Mission & Focus Areas
The Foundation seeks to expand opportunity in communities around the globe by deploying capital and engaging Apollo employees to invest in:
- Career education
- Workforce development
- Economic empowerment
Beyond financial contributions, the Foundation pairs capital with employee talent through ongoing volunteerism, strategic advisory work, and exposure to Apollo's broader platform.
Grantmaking
Ongoing review process with employee nomination and Grants Council evaluation.
Grant Range
$250,000 to $2,000,000
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Geographic Focus
Where this funder awards grants
Global, with emphasis on communities where Apollo operates.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $147,337,152
- Total Revenue: $14,405,815
- Total Expenses: $8,581,285
- Total Liabilities: $806,000
- Investment Income and Dividends: $3,961,990
- Net Gain from Sale of Non-Inventory Assets: $10,443,825
Commitment: The Foundation launched with a $100 million commitment from Apollo Global Management, with plans to deploy more than $100 million over the next decade.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $181,786,451 | $147,337,152 | $111,528,175 |
| Revenue | $63,122,542 | $14,405,815 | $2,776,251 |
| Expenses | $14,930,923 | $8,581,285 | $1,230,776 |
| Qualifying Distributions | $13,831,731 | $7,758,395 | $1,177,749 |
| Net Investment Income | $64,236,521 | $13,870,128 | $2,723,223 |
| Distributable Amount | $5,880,125 | $5,997,177 | $2,190,689 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
57 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES ZELTER | DIRECTOR | 0.5 | — |
| SCOTT KLEINMAN | DIRECTOR | 0.5 | — |
| LAUREN COAPE-ARNOLD | EXECUTIVE DIRECTOR | 20 | — |
| SHARI VERSCHELL | SECRETARY | 2 | — |
| KRISTY KINAHAN | TREASURER | 2 | — |
| CHRISTINE HOMMES | CLASS B DIRECTOR | 0.5 | — |
| EARL HUNT | CLASS B DIRECTOR | 0.5 | — |
| GARY PARR | CLASS B DIRECTOR | 0.5 | — |
Recent News & Activity
Recent developments and announcements
**2024:**
Awarded $2 million grant to Girls Who Invest
Apollo Opportunity Foundation Awards $1 Million Grant to iJAG to Support\Awarded $500,000 grant to Student Leadership Network for programs supporting girls and gender-expansive youth in educational equity and higher education access
iJAG awarded $1 million grant - Business RecordAwarded $1 million grant to iJAG to support Iowa's future workforce
Apollo Opportunity Foundation Awards $1 Million Grant to iJAG to Support\**2023:**
Distributed over $7.3 million in grants across 21 grantee organizations
Committed nearly $3 million in employee-directed grants to 11 nonprofits
Apollo Opportunity Foundation Commits Nearly $3M in Employee-Directed GrantsContact Information
- Location: 9 West 57th Street, 43rd Floor, New York, NY 10019-2701
- Email: Foundation@apollo.com
- Website: https://www.apollo.com/impact/the-apollo-opportunity-foundation
- EIN: 87-4097394
- Tax-Exempt Status: Since June 2022
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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