Better World Foundation
Better World Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $861K in total assets. In 2024, it awarded 2 grants totaling $5K. Net investment income was $109K.
Better World Foundation at a glance
In short: Better World Foundation gave $5K across 2 grants in 2024 (avg $3K), mostly in Rhode Island. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $5,455
- Grants made (2024)
- 2
- Average grant
- $2,728
- Median grant
- $2,728
- Total assets
- $860,761
- Primary geography
- Rhode Island (82% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Better World Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Vanguard Charitable Endowment Program ($4K). Together the top 2 received $5K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Better World Foundation gives
- In 2024 it paid out 40% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 2 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable Endowment Program Warwick, RI | The Giving Fund | $4,455 |
| Institute for Justice Arlington, VA | General & Unrestricted | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $860,761 | $134,791 | $33,745 | $5,455 | 2 | $15,680 | $109,316 | $39,181 |
| 2021 | $326,510 | $333,010 | $6,500 | — | — | $6,500 | $10 | $1,268 |
Under IRS private-foundation payout rules, Better World Foundation reported a distributable amount of $39K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Better World Foundation is led by Ryan Simes, Director, Secretary, Treasurer & Co- President since 2024 (on filings since 2021); none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ryan Simes
Director, Secretary, Treasurer & Co- President
Director, President, Secretary & Treasurer → Director, Secretary, Treasurer & Co- President, 2024
On filings since 2021
2 hrs/week
No compensation reported
Aastha Simes
Co- President & Director
New on the 2024 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Better World Foundation
How much does Better World Foundation give each year?
Better World Foundation gave $5K across 2 grants in 2024, according to its 2024 IRS Form 990-PF.
How large is Better World Foundation?
Better World Foundation reported $861K in total assets on its 2024 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Better World Foundation operate?
Better World Foundation has awarded grants in Rhode Island, Virginia.
What is Better World Foundation's EIN?
Better World Foundation's EIN (Employer Identification Number) is 87-2739879. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Figures come from Better World Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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