Flywheel Fund for Career Choice
The purposes for which the company is organized is exclusively for educational and charitable purposes, with the primary goal of providing graduate students with greater freedom over their career paths by removing concerns about the high cost of loan repayments. By removing finances as a predominant career decision making factor, the objective is to encourage graduates to consider positions important to our society, such as state prosecutors, public defenders, legal aid providers, and other less lucrative practice areas.
Flywheel Fund for Career Choice at a glance
- Total assets
- $3,871,327
- +878.7% vs 2023
- Revenue (2024)
- $1,921,083
- +66.2% vs 2023
- Net investment income (2024)
- $5,214
- -15.3% vs 2023
- Expenses (2024)
- $31,236
- -97.1% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Flywheel Fund for Career Choice
Open Grants
1 open opportunity from Flywheel Fund for Career Choice
Who Flywheel Fund for Career Choice funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Board of Trustees of the Leland Stanford Junior University Stanford, CA | To provide financial assistance to graduate students pursuing lower income employment options. | $1,071,667 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $3,871,327 | $1,921,083 | $31,236 | — | — | $5,214 |
| 2023 | $395,562 | $1,156,156 | $1,075,834 | $1,071,667 | 1 | $6,156 |
| 2022 | $315,240 | $400,000 | $84,760 | — | — | — |
About Flywheel Fund for Career Choice
Based on IRS filings
Flywheel Fund for Career Choice is a public charity focused on Education, based in Petaluma, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $3.9M in total assets. Net investment income was $5K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Flywheel Fund for Career Choice is led by Elliot Schrage, Director & President since 2024 (on filings since 2022); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Elliot Schrage
Director & President
Director → Director, President, Secretary & Chairman, 2023
Director, President, Secretary & Chairman → Director & President, 2024
On filings since 2022
5 hrs/week
No compensation reported
David Golden
Director
On filings since 2022
1 hr/week
No compensation reported
Eugene Clark Herrera
Director
On filings since 2022
1 hr/week
No compensation reported
Sally Cole
Director
On filings since 2023
1 hr/week
No compensation reported
Justin Osofsky
Secretary
Director → Secretary, 2024
On filings since 2022
1 hr/week
No compensation reported
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.
Frequently asked questions about Flywheel Fund for Career Choice
How large is Flywheel Fund for Career Choice?
Flywheel Fund for Career Choice reported $3.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.9M.
What is Flywheel Fund for Career Choice?
Flywheel Fund for Career Choice is a public charity focused on Education, based in Petaluma, CA. It holds $3.9M in total assets as of 2024.
Where does Flywheel Fund for Career Choice operate?
Flywheel Fund for Career Choice has awarded grants in California.
What is Flywheel Fund for Career Choice's EIN?
Flywheel Fund for Career Choice's EIN (Employer Identification Number) is 88-2596234. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 30, 2026)
- IRS filings on file for fiscal years 2022–2024
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