Building Markets Ltd
Building Markets unleashes the transformational power of small businesses to address pressing social challenges by driving job creation and inclusive growth. Founded in 2004, the organization finds, builds, and connects competitive local Small and Medium-Sized Enterprises (SMEs) to supply chains and investment. Using this data-driven model, Building Markets has supported more than 26,700 SMEs, assisted those businesses in winning $1.36 billion in contracts and $21 million in loans, and has helped create over 75,000 jobs across diverse markets like Turkey, Jordan, Myanmar, Afghanistan, Liberia, and Haiti.
Building Markets Ltd at a glance
In short: Building Markets Ltd gave $20K across 1 grant in 2025 (avg $20K), mostly in California. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $20,000
- -96.3% vs 2024
- Grants made (2025)
- 1
- Average grant
- $20,000
- Median grant
- $20,000
- Total assets
- $881,075
- -56.4% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Building Markets Ltd funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Nasdaq Entrepreneurial Center ($20K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $20K (2025) to $735K (2020). In 2025 it made 1 grant totaling $20K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nasdaq Entrepreneurial Center San Francisco, CA | to expand employment, entrepreneurship, and investment education in the commercial real estate sector | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $881,075 | $1,996,628 | $3,035,787 | $20,000 | 1 | $3,638 |
| 2024 | $2,022,607 | $5,148,763 | $4,472,680 | $535,256 | Total only | $10,738 |
| 2023 | $2,032,767 | $4,108,126 | $4,104,566 | $170,897 | Total only | $11,371 |
| 2022 | $1,228,180 | $3,631,903 | $3,432,910 | $77,658 | Total only | $150 |
| 2021 | $809,993 | $3,183,712 | $3,117,391 | $374,471 | Total only | $227 |
| 2020 | $707,146 | $3,255,197 | $3,099,729 | $734,946 | Total only | $284 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Building Markets Ltd
Based on IRS filings
Building Markets Ltd is a public charity focused on International, Foreign Affairs & National Security, based in Brooklyn, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $881K in total assets. In 2025, it awarded 1 grant totaling $20K. Net investment income was $4K.
Leadership & Key People
Officers and directors from IRS filings
Building Markets Ltd is led by Radha Rajkotia, Chief Executive Officer since 2023 (on filings since 2021); 3 of 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Radha Rajkotia
Chief Executive Officer
Director → Chief Executive Officer, 2023
On filings since 2021
40 hrs/week
$67K (2023) → $232K (2025)
Ben Cushman
Board Chair
Board Chair → Director, 2024
Director → Board Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Annie Duflo
Director
On filings since 2024
1 hr/week
No compensation reported
Kathrin Frauscher
Director
On filings since 2024
1 hr/week
No compensation reported
Paul Musser
Director
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Fairfield Brown
Head of Partnerships
On filings since 2023
40 hrs/week
$154K (2023) → $146K (2025)
Frank Hamilton Mcnutt
Chief Operating Officer
On filings since 2023
40 hrs/week
$21K (2023) → $152K (2025)
Former officers (17)
- Former: Carolyn Makinson (2020–2024) — Director
- Former: Terry Peigh (2020–2024) — Director
- Former: John G. Mackie (2021–2024) — Director
- Former: Trent Hoole (2021–2024) — Director
- Former: Kim Saal (2023–2024) — Director
- Former: Mike Didovic (2023–2024) — Director
- Former: Jennifer Holt (2020–2023) — Chief Executive Officer
- Former: Ainsley F Butler (2021–2023) — Global Head of Programs
- Former: Shaniqwa Chapman (2023) — Senior Manager, Finance & Administrator
- Former: Gyude Moore (2020–2022) — Director
- Former: Michael Didovic (2020–2022) — Director
- Former: Susan Maples (2020–2022) — Director
- Former: A. Kim Saal (2021–2022) — Director
- Former: Kinya Wambui (2021–2022) — Director
- Former: Andrew Williams (2020) — Director
- Former: Scott Gilmore (2020) — Director
- Former: Selen Ucak (2020) — Program Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $232K, to Radha Rajkotia (Chief Executive Officer). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Building Markets Ltd
How much does Building Markets Ltd give each year?
Building Markets Ltd gave $20K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it reported $535K in grants paid.
How large is Building Markets Ltd?
Building Markets Ltd reported $881K in total assets on its 2025 IRS Form 990. Its revenue that year was $2.0M.
What is Building Markets Ltd?
Building Markets Ltd is a public charity focused on International, Foreign Affairs & National Security, based in Brooklyn, NY. It holds $881K in total assets as of 2025.
Where does Building Markets Ltd operate?
Building Markets Ltd has awarded grants in California.
What is Building Markets Ltd's EIN?
Building Markets Ltd's EIN (Employer Identification Number) is 98-0575195. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 5, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 19, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS December 14, 2025)
- IRS filings on file for fiscal years 2020–2025
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