Co-Impact Philanthropic Funds Inc
Co-Impact Philanthropic Funds Inc is a public charity based in New York, New York, formed in 2022. It pools philanthropic funding to support locally rooted organizations working to make health, education, and economic systems more just and inclusive, with gender equality and women’s leadership central to its work.
Co-Impact Philanthropic Funds Inc at a glance
In short: Co-Impact Philanthropic Funds Inc gave $33.5M across 25 grants in 2024 (avg $1.3M), top state District of Columbia. 46% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $33,545,648
- -18.1% vs 2023
- Grants made (2024)
- 25
- -7.4% vs 2023
- Average grant
- $1,341,826
- -11.6% vs 2023
- Median grant
- $590,000
- Total assets
- $272,921,569
- -14.2% vs 2023
- New grantees (estimate)
- 46% first-time grantees (11 of 24, 2024; small sample)
- 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. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Co-Impact Philanthropic Funds Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
Co-Impact’s website says it does not accept unsolicited requests. Its 2024 sourcing approach describes a regionally led process, with regional program teams conducting local sourcing informed by contextual research and scoping.
- Contact
Mailing address: 1178 Broadway 3Rd Floor 144, New York, NY 10001
Phone: (919) 792-8940
Website: https://co-impact.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Co-Impact Philanthropic Funds Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was New Venture Fund ($7.2M across 2 grants). Together the top 10 received $28.1M.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was in the $1–5M range: 16 grants of 59 (27%).
Geographic Focus
Where this funder awards grants
Co-Impact says its funds support organizations across Africa, Asia, and Latin America, with sourcing led regionally. The 2024 filing also says the organization works with partners in these focus regions and elsewhere in the world. The listed 2024 grant recipients are based in several U.S. states; recipient locations do not, by themselves, indicate where funded programs operate.
Grant Distribution by State
Share of 2024 grant dollars across all 25 itemized grants.
States
Cities
Is Co-Impact Philanthropic Funds Inc open to new grantees?
46%
first-time grantees, 2024
In 2024, 11 of 24 grantees (46%) were first-time recipients. With only 24 grantees, that is a small sample: one grantee more or less moves the share by about 4 points. First grants averaged $1M; repeat grants $1.7M. How we count
Medians: $485K first-time, $590K repeat.
- 38% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2022–2024). 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 2022 to 2024, annual grant giving ranged from $5.5M (2022) to $41.0M (2023). In 2024 it made 25 grants totaling $33.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| One Acre Fund Brooklyn, NY | See Part IV | $5,833,333 |
| New Venture Fund Washington, DC | See Part IV | $5,522,990 |
| Dasra Houston, TX | See Part IV | $3,885,900 |
| Lwala Community Alliance Hanover, NH | See Part IV | $3,100,000 |
| University of New Mexico Echo Institute Albuqueque, NM | See Part IV | $2,146,685 |
| Armman-USA Kirkland, WA | See Part IV | $2,000,000 |
| New Venture Fund Washington, DC | See Part IV | $1,693,095 |
| Arrow Washington, DC | See Part IV | $1,050,000 |
| Last Mile Health Boston, MA | See Part IV | $1,000,000 |
| Massachusetts Institute of Technology Cambridge, MA | See Part IV | $966,475 |
Ready to take the next step with Co-Impact Philanthropic Funds Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $272,921,569 | $41,341,748 | $84,892,538 | $33,545,648 | 25 | $8,883,164 |
| 2023 | $318,248,255 | $360,064,037 | $73,834,767 | $40,982,623 | 27 | $6,030,819 |
| 2022 | $31,800,505 | $75,000,000 | $45,957,649 | $5,502,880 | 7 | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization states its mission as a “philanthropic collaborative focused on improving lives through just & inclusive systems change.” Its website describes a broader mission of strengthening health, education, and economic systems so they work for everyone, especially women, children, and marginalized communities.
Co-Impact says it supports locally rooted and women-led organizations pursuing collaborative systems change. Its stated areas include health, education, and economic opportunity, as well as gender equality and women’s leadership. The Gender Fund also addresses law and economics as professional domains. The organization says it provides multi-year, flexible funding and support for strategy, learning, evaluation, and organizational strengthening.
The 2024 filing describes the Foundational Fund as supporting organizations and coalitions seeking people-level and systems-level outcomes in health, education, and economic opportunity. It describes the Gender Fund as supporting transformative systems change, with an emphasis on women’s power, agency, and leadership. Listed areas of grantee work include early childhood development, social-emotional learning, the care economy, maternal and women’s health, land rights and natural resource management, and women’s leadership.
Grantmaking
The 2024 filing data lists 25 itemized grants totaling $33,545,648. Grant amounts ranged from $25,000 to $5,833,333, with a median of $590,000. Separately, the organization’s program descriptions on that filing report that in 2024 it awarded two Foundational Fund grants and 34 Gender Fund grants. These program-level counts differ from the itemized-grant count.
Among the largest itemized grants were $5,833,333 to One Acre Fund, $5,522,990 to New Venture Fund, $3,885,900 to Dasra, $3,100,000 to Lwala Community Alliance, and $2,146,685 to the University of New Mexico ECHO Institute. Other listed grants included $2,000,000 to ARMMAN-USA, $1,050,000 to ARROW, and $1,000,000 to Last Mile Health.
The grantee descriptions illustrate the range of organizations supported. ARMMAN-USA says it supports ARMMAN India’s work to reduce maternal, child, and neonatal mortality in India. Last Mile Health describes its work developing and managing community health workers who connect remote communities with health systems. IDinsight describes its mission as helping clients generate and use rigorous evidence to improve social impact. These are the grantees’ stated missions, not Co-Impact’s.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Olivia Leland as founder, CEO, and non-voting board member. Patty Stonesifer is listed as board chair, and Ingrid Srinath as board vice-chair. Other listed board members are Nicola Forrest AO, Laura Garcia, Maryana Iskander, Tsitsi Masiyiwa, Saadia Madsbjerg (as of May 2024), Alessandra Orofino (as of November 2024), and Raj Panjabi (as of May 2024).
Co-Impact Philanthropic Funds Inc is led by Olivia Leland - Founder, CEO & Board Member on every filing since 2023; 14 of 21 officers listed in 2024 are compensated.
Officers on the 2024 filing
Olivia Leland - Founder
CEO & Board Member
On filings since 2023
40 hrs/week
$500K (2023) → $537K (2024)
Patty Stonesifer
Board Chair
Board Member → Board Chair, 2024
On filings since 2022
1 hr/week
No compensation reported
Abraham Grindle
Director & Programs
Director & Progams → Director & Programs, 2023
On filings since 2022
40 hrs/week
$152K (2022) → $223K (2024)
Anna-Marie Harling - Managing
Director & Philanthropic Collab.
Director & Philanthropic Collaboration → Director & Philanthropic Collab., 2023
On filings since 2022
40 hrs/week
$253K (2022) → $311K (2024)
Mary Wandia Wanjiru
Regional Director & Africa
On filings since 2023
40 hrs/week
$200K (2023) → $210K (2024)
Varja Lipovsek
Director, Learning, Meas. & Eval.
On filings since 2023
40 hrs/week
$216K (2023) → $245K (2024)
Maria Alfonsina Penaloza
Director Prgms, Latin Am & Global
New on the 2024 filing
40 hrs/week
$214K (2024)
Shagun Sabarwal
Regional Director & Asia
New on the 2024 filing
40 hrs/week
$217K (2024)
Ingrid Srinath
Board Vice Chair
Board Member → Board Vice Chair, 2024
On filings since 2022
1 hr/week
$20K (2024)
Laura Garcia
Board Member
On filings since 2022
1 hr/week
$15K (2024)
Maryana Iskander
Board Member
On filings since 2022
1 hr/week
$10K (2024)
Pamela Foster
Chief Operating Officer & Secretary
COO, Secretary & Treasurer → Chief Operating Officer & Secretary, 2023
On filings since 2022
40 hrs/week
$299K (2022) → $423K (2024)
Vicky Hawk
Chief Financial Officer & Treasurer
Chief Financial Officer → Chief Financial Officer & Treasurer, 2023
On filings since 2022
40 hrs/week
$47K (2022) → $206K (2024)
Yasmin Madan - Director
Us Lead & Philanthropic Collaboration
On filings since 2023
40 hrs/week
$201K (2023) → $249K (2024)
Hilary Pennington
Board Member
New on the 2024 filing
1 hr/week
$5K (2024)
Tsitsi Masiyiwa
Board Member
Board Chair → Board Member, 2024
On filings since 2022
1 hr/week
No compensation reported
Nicola Forrest Ao
Board Member
On filings since 2023
1 hr/week
No compensation reported
Alessandra Orofino
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Anita Zaidi
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Raj Panjabi
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Saadia Madsbjerg
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Gargee Ghosh (2022–2023) — Board Member
- Former: Rakesh Rajani (2022–2023) — Vice President & Programs
- Former: Maria Alfonsina Penaloza - Dir (2023) — Programs, Latin America & Global
- Former: Patty Stonesifer - Board (2023) — Member & Vice Chair
- Former: Maria Penaloza Horte (2022) — Director & Programs
- Former: Olivia Leland - Founder Ceo (2022) — Board Member
- Former: Yasmin Madan (2022) — Director & Philanthropic Collaboration
Data from IRS Form 990 filings, 2022–2024. "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 $537K, to Olivia Leland - Founder (CEO & Board Member (Non-Voting)). 14 officers or directors reported compensation on that filing.
Frequently asked questions about Co-Impact Philanthropic Funds Inc
How much does Co-Impact Philanthropic Funds Inc give each year?
Co-Impact Philanthropic Funds Inc gave $33.5M across 25 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $41.0M across 27 grants.
What is Co-Impact Philanthropic Funds Inc's typical grant size?
Co-Impact Philanthropic Funds Inc's median grant in 2024 was $590,000, and its average grant was $1,341,826, across 25 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Co-Impact Philanthropic Funds Inc that year got $1M on average.
Where does Co-Impact Philanthropic Funds Inc give grants?
Co-Impact Philanthropic Funds Inc'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 New York (23%) and Texas (12%). The most frequent recipient cities were Washington, DC (6 grants), New York, NY (5 grants) and Boston, MA (2 grants).
Does Co-Impact Philanthropic Funds Inc give general operating support?
Not in 2024: none of the 25 grants with a stated purpose on Co-Impact Philanthropic Funds Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "See Part IV" (25 grants).
Who are Co-Impact Philanthropic Funds Inc's largest grantees?
Co-Impact Philanthropic Funds Inc's largest 2024 grantees include New Venture Fund ($7,216,085 across 2 grants), One Acre Fund ($5,833,333) and Dasra ($3,885,900), according to its 2024 IRS Form 990. Together they received 50% of its itemized 2024 grant dollars.
How large is Co-Impact Philanthropic Funds Inc?
Co-Impact Philanthropic Funds Inc reported $272.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $41.3M.
What does Co-Impact Philanthropic Funds Inc fund?
The organization states its mission as a “philanthropic collaborative focused on improving lives through just & inclusive systems change.” See mission & focus areas ↑
How do I apply for a grant from Co-Impact Philanthropic Funds Inc?
Co-Impact’s website says it does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Co-Impact Philanthropic Funds Inc's EIN?
Co-Impact Philanthropic Funds Inc's EIN (Employer Identification Number) is 88-2408684. IRS Form 990 filing data is available on this page for 2022–2024.
Does Co-Impact Philanthropic Funds Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 4, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 28, 2025)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work Co-Impact Philanthropic Funds Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Co-Impact Philanthropic Funds Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Co-Impact Philanthropic Funds Inc funder profile. GrantGraph. Retrieved October 21, 2026, from https://grantable.co/funders/co-impact-philanthropic-funds-inc-morg_65ec168e7a894695adc697266fd3ac5b
BibTeX
@misc{grantable_882408684_2026,
author = {{Grantable}},
title = {{Co-Impact Philanthropic Funds Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/co-impact-philanthropic-funds-inc-morg_65ec168e7a894695adc697266fd3ac5b},
note = {Accessed 2026-10-21. 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 Co-Impact Philanthropic Funds Inc'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.
Co-Impact Philanthropic Funds Inc down — hundreds of funders to go?