Capital Impact Partners
Capital Impact Partners is a public charity that provides capital and programs supporting community development. Based in Arlington, Virginia, it was formed in 1982. Its 2024 filing describes loans and financial services for small-business owners, developers, and other local leaders in underfunded communities across the country.
Capital Impact Partners at a glance
In short: Capital Impact Partners gave $7.2M across 86 grants in 2024 (avg $83K), top state District of Columbia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $7,158,649
- -61.4% vs 2023
- Grants made (2024)
- 86
- -11.3% vs 2023
- Average grant
- $83,240
- -56.4% vs 2023
- Median grant
- $50,000
- Total assets
- $806,983,425
- +16.7% vs 2023
- Primary geography
- District of Columbia (29% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Capital Impact Partners
- Contact
Mailing address: 1400 Crystal Drive 500, Arlington, VA 22202
Phone: (703) 647-2300
Website: https://capitalimpact.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Capital Impact Partners funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was CDC Small Business Finance Corp ($605K). Together the top 10 received $2.6M.
Grant Size Distribution
272 grants across all recorded years
The most common grant size was under $50K: 105 grants of 272 (39%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that grant dollars went to recipients in multiple states. The largest shares were directed to recipients in DC (29%), California (16%), Michigan (13%), Pennsylvania (10%), and Maryland (8%). The filing describes the general loan program as serving underfunded communities across the country. Its Growing Housing Developers program identifies six core geographies: New York, New Jersey/Pennsylvania, the DC/MD/VA region, Georgia, Texas, and California.
Grant Distribution by State
Share of 2024 grant dollars across all 86 itemized grants.
States
Cities
How Capital Impact Partners gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $575K (2020) to $18.5M (2023). In 2024 it made 86 grants totaling $7.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CDC Small Business Finance Corp San Diego, CA | For Capacity Building and Business Growth | $605,000 |
| 1825 Kendall Street Washington, DC | For Capacity Building and Business Growth | $500,000 |
| 1232 Shift Cubed Partners Philadelphia, PA | To support and promote affordable and workforce housing across the dc/md/va region | $285,000 |
| Moore Place LLC Detroit, MI | To support and promote affordable and workforce housing across the dc/md/va region | $285,000 |
| City First Enterprises Inc Washington, DC | To support and promote affordable and workforce housing across the detroit region | $233,771 |
| Good Places LLC Atlanta, GA | To support and promote affordable and workforce housing across the dc/md/va region | $155,000 |
| Eatsplace Washington, DC | To catalyze business growth and support business success for dc owned food businesses | $149,337 |
| Anyumba Construction and Development LLC Havertown, PA | To support and promote affordable and workforce housing across the dc/md/va region | $138,889 |
| Builders of Hope CDC Dallas, TX | To support and promote affordable and workforce housing across the dc/md/va region | $138,889 |
| Clifford Beers Housing Inc North Hollywood, CA | To support and promote affordable and workforce housing across the dc/md/va region | $138,889 |
Ready to take the next step with Capital Impact Partners?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $806,983,425 | $115,553,223 | $85,546,462 | $7,158,649 | 86 | $5,134,436 |
| 2023 | $691,780,333 | $69,443,542 | $73,642,594 | $18,532,562 | 97 | $7,090,148 |
| 2022 | $583,801,509 | $62,753,327 | $58,408,239 | $12,887,110 | 59 | $1,070,642 |
| 2021 | $600,473,548 | $55,782,044 | $40,630,316 | $3,221,901 | 19 | $1,679,352 |
| 2020 | $609,347,116 | $55,060,420 | $38,351,055 | $575,000 | 11 | $1,010,281 |
| 2019 | $595,737,995 | $33,670,577 | $35,434,432 | $2,198,617 | 8 | $3,770,258 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Capital Impact Partners states that, through capital and commitment, it helps build inclusive and equitable communities by providing people access to capital and opportunities. Its filing describes a general loan program for small-business owners, developers, and other local leaders in underfunded communities. Its website also describes loan offerings for real estate projects, including acquisition and predevelopment, construction, tenant improvement, rehabilitation, and mini-permanent loans.
The organization’s website identifies affordable housing, cooperative development, dignified aging, education, health care, and healthy food as impact areas. Its programs include training and support for developers and entrepreneurs, as well as the Co-op Innovation Awards.
Examples of organizations receiving 2024 grants include City First Enterprises, which describes itself as a community development financial institution that lends for affordable housing, commercial real estate, small businesses, nonprofits, clean energy, and homeownership. Builders of Hope CDC describes its work as building strong communities and energy-efficient, quality affordable homes in Dallas. New Economics for Women says it supports women from underserved Southern California communities through personalized support, resources, and intentional communities.
Grantmaking
In 2024, Capital Impact Partners reported 86 grants totaling $7,158,649. Grant amounts ranged from $8,138 to $605,000, with a median grant of $50,000. The filing’s largest listed grant was $605,000 to CDC Small Business Finance Corp for capacity building and business growth. Other notable grants included $500,000 to 1825 Kendall Street for capacity building and business growth; $285,000 to 1232 Shift Cubed Partners to support affordable and workforce housing across the DC/MD/VA region; and $233,771 to City First Enterprises for affordable and workforce housing support in the Detroit region.
The filing also reports grants of $138,889 each to several organizations, including Builders of Hope CDC, HOLOS Inc, and Fifth Ward Community Redevelopment. The stated purpose for the Builders of Hope grant was to support and promote affordable and workforce housing across the DC/MD/VA region.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Ellis Carr as president and CEO. Directors listed include Alaina Beverly, Oswaldo Acosta, Rick Benito, Erik Caldwell, Sheryl Cameron, Kurt Chilcott (director/consultant), Grace Chionuma, Gary Cunningham, and Jennifer Smith Dolin.
Capital Impact Partners is led by Ellis Carr, President & CEO on every filing since 2019; 26 of 28 officers listed in 2024 are compensated.
Officers on the 2024 filing
Ellis Carr
President & CEO
On filings since 2019
20 hrs/week
$484K (2019) → $1M (2024)
Yrenlisa Lopez
Managing Director & Investments
New on the 2024 filing
40 hrs/week
$282K (2024)
Alaina Beverly
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2024)
Casey Fannon
Director
On filings since 2019
1 hr/week
$2K (2019) → $5K (2024)
Dan Varner
Director
On filings since 2019
1 hr/week
$4K (2019) → $5K (2024)
Gail Markulin
Director
On filings since 2019
1 hr/week
$4K (2019) → $4K (2024)
Jennifer Smith Dolin
Director
On filings since 2019
1 hr/week
$1K (2019) → $5K (2024)
Pedro Goitia
Director
On filings since 2019
1 hr/week
$3K (2019) → $5K (2024)
Jaret Dinard Ings
Senior Director of Finance
Senior Director of Finance & Treasurer → Senior Director of Finance, 2021
On filings since 2020
20 hrs/week
$185K (2020) → $321K (2024)
Lauren Counts
Senior Director & Head of National P
Senior Director & Head of N → Senior Director & Head of National Programs, 2023
Senior Director & Head of National Programs → Senior Director & Head of National P, 2024
On filings since 2020
40 hrs/week
$203K (2020) → $286K (2024)
Erik Caldwell
Director
On filings since 2021
1 hr/week
$4K (2021) → $4K (2024)
Frank Robinson
Director
On filings since 2021
1 hr/week
$4K (2021) → $5K (2024)
Gary Cunningham
Director
On filings since 2021
1 hr/week
$3K (2021) → $6K (2024)
Kurt Chilcott
Director & Consultant
On filings since 2021
1 hr/week
$211K (2021) → $5K (2024)
Oswaldo Acosta
Director
On filings since 2021
1 hr/week
$3K (2021) → $5K (2024)
Rick Benito
Director
On filings since 2021
1 hr/week
$4K (2021) → $4K (2024)
Tom Topuzes
Director
On filings since 2021
1 hr/week
$4K (2021) → $5K (2024)
Tyler Orion
Director
On filings since 2023
1 hr/week
$5K (2023) → $5K (2024)
Grace Chionuma
Director
On filings since 2022
1 hr/week
No compensation reported
Sheryl Cameron
Director
On filings since 2022
1 hr/week
No compensation reported
Lisa Grammer
Controller
On filings since 2019
40 hrs/week
$202K (2019) → $287K (2024)
Natalie Gunn
Chief Financial Officer
Chief Financial & Administrator → Chief Financial Officer, 2022
On filings since 2019
20 hrs/week
$355K (2019) → $452K (2024)
Kim Dorsett
Chief Human Resource's Officer
Cheif Human Resource Officers → Chief Human Resource Officer, 2021
Chief Human Resource Officer → Chief Human Resource's Officer, 2023
On filings since 2020
20 hrs/week
$196K (2020) → $310K (2024)
Matthew Wehland
Chief Operating Officer
Senior Director of Lending Operations → Senior Director of Lending, 2021
Senior Director of Lending → Chief Operating Officer, 2022
On filings since 2020
20 hrs/week
$201K (2020) → $353K (2024)
Brian McEvoy
General Counsel
On filings since 2021
20 hrs/week
$274K (2021) → $379K (2024)
Karla Gill
Chief Technology Officer
On filings since 2022
20 hrs/week
$109K (2022) → $407K (2024)
Malinda Christensen
Senior Vice President & Community Development
On filings since 2023
40 hrs/week
$292K (2023) → $314K (2024)
Masouda Omar
Head of Small Bus & Committee D
Head of Small Bus & Committee Development Cr → Head of Small Bus & Committee D, 2024
On filings since 2023
40 hrs/week
$234K (2023) → $277K (2024)
Former officers (19)
- Former: L. Ray Moncrief (2020–2023) — Director
- Former: Jason Anderson (2021–2023) — Senior Director & Marketing
- Former: Raymond Guthrie (2021–2023) — Chief Investment Officer
- Former: Scott Berman (2019–2022) — Senior Director & External Affairs
- Former: Lauren Tyler Orion (2021–2022) — Director
- Former: Robert Villarreal (2021–2022) — Chief External Affairs Officer
- Former: Ted Silva (2022) — Senior Director & Legal Services
- Former: David Vliet (2019–2021) — Director
- Former: Diane Borradaile (2019–2021) — Chief Lending Officer
- Former: Eli Kennedy (2019–2021) — Director
- Former: Paul Hazen (2019–2021) — Director
- Former: Wilson Beebe (2021) — Director
- Former: Carolyn K. Bauer (2019–2020) — Chief Risk Officer
- Former: Danielle Graceffa (2019–2020) — Interim General Counsel
- Former: Wilson Beebejr (2019–2020) — Director
- Former: Amy Sue Leavens (2019) — General Counsel & Chief
- Former: Domingo Rodriguez (2019) — Director
- Former: Mary Ann Rothman (2019) — Director
- Former: Theodore Silva (2019) — Dept. Director
Data from IRS Form 990 filings, 2019–2024. "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 $1.0M, to Ellis Carr (President & CEO). 26 officers or directors reported compensation on that filing.
Frequently asked questions about Capital Impact Partners
How much does Capital Impact Partners give each year?
Capital Impact Partners gave $7.2M across 86 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $18.5M across 97 grants.
What is Capital Impact Partners's typical grant size?
Capital Impact Partners's median grant in 2024 was $50,000, and its average grant was $83,240, across 86 grants on its 2024 IRS Form 990.
Where does Capital Impact Partners give grants?
Capital Impact Partners's top state is District of Columbia, with 29% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (16%) and Michigan (13%). The most frequent recipient cities were Washington, DC (25 grants), Detroit, MI (19 grants), Atlanta, GA (5 grants) and Philadelphia, PA (3 grants).
Does Capital Impact Partners give general operating support?
Not in 2024: none of the 86 grants with a stated purpose on Capital Impact Partners's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "For Capacity Building and Business Growth" (10 grants).
Who are Capital Impact Partners's largest grantees?
Capital Impact Partners's largest 2024 grantees include CDC Small Business Finance Corp ($605,000), 1825 Kendall Street ($500,000) and 1232 Shift Cubed Partners ($285,000), according to its 2024 IRS Form 990. Together they received 19% of its itemized 2024 grant dollars.
How large is Capital Impact Partners?
Capital Impact Partners reported $807.0M in total assets on its 2024 IRS Form 990. Its revenue that year was $115.6M.
What does Capital Impact Partners fund?
Capital Impact Partners states that, through capital and commitment, it helps build inclusive and equitable communities by providing people access to capital and opportunities. See mission & focus areas ↑
How do I apply for a grant from Capital Impact Partners?
Capital Impact Partners has no public application process in the sources Grantable reviewed. Check capitalimpact.org for current guidelines, or contact the foundation directly before submitting a request.
What is Capital Impact Partners's EIN?
Capital Impact Partners's EIN (Employer Identification Number) is 52-1290127. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS August 12, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 5, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS September 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 5, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 26, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 23, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Capital Impact Partners's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Capital Impact Partners funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/capital-impact-partners-morg_bb10d8ec72dd4481a660ec0457c53a9e
BibTeX
@misc{grantable_521290127_2026,
author = {{Grantable}},
title = {{Capital Impact Partners funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/capital-impact-partners-morg_bb10d8ec72dd4481a660ec0457c53a9e},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Capital Impact Partners'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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