Cfa Institute
CFA Institute is a global nonprofit organization and business league (501(c)(6)) headquartered in Charlottesville, Virginia. Founded in 1947 (formerly known as the Association for Investment Management and Research), the organization serves as a global association of investment professionals with approximately 200,000 members across 160 locations worldwide. The Institute operates in 77 countries and maintains a workforce of 468 employees as of 2024.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$912.9M
+17.9% YoY
Annual Giving
$4.1M
+1.4% YoY
Grant Count
71
+2.9% YoY
Avg Grant Size
$58K
-1.4% YoY
Mission & Focus Areas
Mission Statement: To lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society.
Vision: To serve all finance professionals seeking investment management-related education, knowledge, professional development, connection, or inspiration, and to lead the investment profession's thinking in the areas of ethics, capital market integrity, and excellence of practice.
Primary Program Areas:
The Chartered Financial Analyst (CFA) Program: A three-level education and examination program covering essential topics in the investment decision-making process, including ethical and professional standards, quantitative methods, economics, financial statement reporting and analysis, corporate finance, equity and fixed-income analysis, alternative investments, derivatives, portfolio management, and wealth planning.
Standards Advocacy and Thought Leadership: The organization serves as a leading voice on issues of fairness, efficiency, and investor protection in global capital markets. It promotes high standards of ethics, integrity, and professional excellence within the investment community and enforces the CFA Institute Code of Ethics and Standards of Professional Conduct.
Professional Development Services: The organization promotes lifelong learning through various professional development offerings and credentials, including the Certificate in Investment Performance Measurement (CIPM) designation and the Investment Foundations Certificate.
Grantmaking
According to the most recent tax filing (2024), CFA Institute reported total giving of $15,459,313. Grant awards typically range from $5,214 to $695,696. The organization's grant-making focuses on education, philanthropy, voluntarism and grantmaking, and human services.
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Geographic Focus
Where this funder awards grants
CFA Institute funds primarily in Florida, Texas, and California. The organization operates globally across 77 countries with member societies in locations worldwide.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending August 2024:
- Total Assets: $912,886,795
- Total Revenue: $462,891,998
- Total Expenses: $298,355,244
- Net Income: $164,536,754
- Total Liabilities: $348,000,000
- Total Giving: $15,459,313
- Number of Employees: 468
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $912,886,795 | $774,533,858 | $663,377,785 |
| Revenue | $462,891,998 | $360,345,275 | $346,815,960 |
| Expenses | $298,355,244 | $271,991,297 | $278,732,579 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $91,882,739 | $19,291,055 | $15,981,661 |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cfa Society New York Inc ($458,061), Cfa Society Boston Inc ($274,734), Cfa Society Chicago ($238,415).
| Recipient | Purpose | Amount |
|---|---|---|
| CFA INSTITUTE RESEARCH FOUNDATION CHARLOTTESVILLE, VA | GEN SUPPORT | $159,776 |
| ARKANSAS FINANCIAL ANALYSTS SOCIETY LITTLE ROCK, AR | GEN SUPPORT | $18,650 |
| CFA HAWAII HONOLULU, HI | GEN SUPPORT | $21,248 |
| CFA MIAMI INC MIAMI, FL | GEN SUPPORT | $48,712 |
| CFA SOCIETIES OF TEXAS DRIFTWOOD, TX | GEN SUPPORT | $47,886 |
| CFA SOCIETY ATLANTA INC ATLANTA, GA | GEN SUPPORT | $50,394 |
| CFA SOCIETY BALTIMORE INC BALTIMORE, MD | GEN SUPPORT | $50,074 |
| CFA SOCIETY BOSTON INC BOSTON, MA | GEN SUPPORT | $274,734 |
| CFA SOCIETY CHICAGO CHICAGO, IL | GEN SUPPORT | $238,415 |
| CFA SOCIETY CLEVELAND SHAKER HEIGHTS, OH | GEN SUPPORT | $42,208 |
Leadership & Key People
Leadership team and compensation from IRS filings
Chief Executive Officer: Margaret Franklin, CFA
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET FRANKLIN CFA | PRES & CEO & RESRCH FDN BD MEM | 40 | $1,413,115 |
| MARK LAZBERGER CFA | BOG CHAIR | 1 | — |
| HEINZ HOCKMANN PHD | BOG VICE CHAIR | 1 | — |
| GEOFFREY NG CFA | BOARD MEMBER | 1 | $7,561 |
| TRICIA ROTHSCHILD CFA | BOARD MEMBER | 1 | — |
| PUNITA KUMAR-SINHA CFA | BOARD MEMBER | 1 | $8,295 |
| MARIA WILTON CFA | BOARD MEMBER | 1 | — |
| MARSHALL BAILEY CFA | BOARD MEMBER | 1 | — |
| ALEXANDER BIRKIN | BOARD MEMBER | 1 | — |
| PAMELA YANG CFA | BOARD MEMBER | 1 | — |
| OYEBANJI FEHINTOLA CFA | BOARD MEMBER | 1 | — |
| MEI GAO CFA | BOARD MEMBER | 1 | — |
| JOANNE HILL PHD | BOARD MEMBER | 1 | — |
| YIMEI LI CFA | BOARD MEMBER | 1 | — |
| STEVEN HENDRY | CHIEF FINANCIAL OFFICER | 40 | $583,742 |
| JOE LANGE | CORPORATE SECRETARY | 40 | $226,811 |
| MARTIN COLBURN | MANAGING DIRECTOR | 40 | $602,690 |
| SHERI KELLY | MANAGING DIRECTOR | 40 | $576,830 |
| PAUL ANDREWS | MANAGING DIRECTOR | 40 | $547,094 |
| CHRIS WIESE | MANAGING DIRECTOR | 40 | $537,939 |
| PAUL MOODY | MANAGING DIRECTOR | 40 | $560,819 |
| ANDREW ROME | MANAGING DIRECTOR | 40 | $480,693 |
| CAROLE CRAWFORD END 72023 | MANAGING DIRECTOR | 40 | $516,628 |
| MIKE PETERSON | CHIEF TECHNOLOGY OFFICER | 40 | $412,301 |
| SANDY PETERS | SENIOR HEAD, FIN. RPT POLICY | 40 | $402,569 |
| VITO LORE | SENIOR HEAD, STRATEGY & PLAN. | 40 | $393,343 |
| ANNE O'BRIEN | CHIEF OF STAFF | 40 | $379,857 |
| LEILANI HALL END 52024 | SENIOR HEAD, CODES AND STAND. | 40 | $406,635 |
| KURT SCHACHT CFA END 122022 | SENIOR HEAD ADV | 40 | $557,825 |
| NICK POLLARD END 92023 | MANAGING DIRECTOR | 40 | $683,963 |
Recent Activity
Recent developments and announcements
According to the organization's most recent tax filing (August 2024), CFA Institute provided first-class or charter travel to key employees or officers, with details reported on Schedule J of the Form 990.
Frequently Asked Questions
What does Cfa Institute fund?
**Mission Statement:** To lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society. **Vision:** To serve all finance professionals seeking investment management-related education, knowledge, professional development, connection, or inspiration, and to lead the investment profession's thinking in the areas of ethics, capital market integrity, and excellence of practice. **Primary Program Areas…
How do I apply for a grant from Cfa Institute?
According to the most recent tax filing (2024), CFA Institute reported total giving of $15,459,313. Grant awards typically range from $5,214 to $695,696. The organization's grant-making focuses on education, philanthropy, voluntarism and grantmaking, and human services. The organization offers scholarships to support access to the CFA Program, including the Access Scholarship program designed to support candidates pursuing the CFA designation.
Where does Cfa Institute make grants?
CFA Institute funds primarily in Florida, Texas, and California. The organization operates globally across 77 countries with member societies in locations worldwide.
What size grants does Cfa Institute award?
In 2024, Cfa Institute awarded 71 grants totaling $4.1M — an average of about $58K per grant, based on its IRS Form 990 filings.
What is Cfa Institute's EIN?
Cfa Institute's EIN (Employer Identification Number) is 54-1386480. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Cfa Institute's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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