FreeWill Impact Fund is a 501(c)(3) nonprofit organization based in Palo Alto, California (EIN: 86-1218871). The organization operates a Donor-Advised Fund that enables donors to make charitable gifts of non-cash assets—including stocks, securities, and cryptocurrency—to qualified nonprofit organizations. FreeWill Impact Fund receives these gifted assets, automatically liquidates them for cash, and then issues donor-advised grants to eligible recipient organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-35.5% YoY
Annual Giving
$11.0M
+167.2% YoY
Grant Count
91
-15.0% YoY
Avg Grant Size
$121K
+214.2% YoY
Mission & Focus Areas
FreeWill Impact Fund's mission is to raise one trillion dollars for charities. The organization addresses a critical gap in the philanthropic infrastructure: most wealth with philanthropic potential is stored in non-cash assets, but many charitable organizations lack the infrastructure to process these types of donations. By simplifying the process of giving non-cash assets, FreeWill Impact Fund enables donors to support causes close to their hearts while making a real-time impact on nonprofit work.
Grantmaking
FreeWill Impact Fund makes grants to qualified nonprofit organizations that meet specific eligibility requirements. Recipient organizations must be recognized by the IRS as exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and classified as a public charity under Section 509(a)(1).
Grant Range
$13,000
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Geographic Focus
Where this funder awards grants
FreeWill Impact Fund supports qualified nonprofit organizations throughout the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary:
- Total revenues: $5,675,629
- Total expenses: $5,676,278
- Total assets: $1,588,016
- Total liabilities: $1,588,016
- Number of employees: 0
2022 Financial Summary:
- Total assets: $454,000
The organization's giving rate exceeds 100% of assets, indicating that grant distributions exceed the organization's asset base in a given year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,024,177 | $1,588,016 | $453,861 |
| Revenue | $11,892,814 | $5,675,629 | $2,503,817 |
| Expenses | $11,894,310 | $5,676,278 | $2,463,005 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,589 | $629 | — |
| 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
135 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Oregon Community Foundation ($5,430,494), Discovery Institute ($607,773), Cure Blindness Project ($332,940).
| Recipient | Purpose | Amount |
|---|---|---|
| THE OREGON COMMUNITY FOUNDATION PORTLAND, OR | GENERAL SUPPORT | $5,430,494 |
| ALAQUA ANIMAL REFUGE FREEPORT, FL | GENERAL SUPPORT | $10,747 |
| ALL THINGS POSSIBLE COLORADO SPRINGS, CO | GENERAL SUPPORT | $11,044 |
| AMERICANS UNITED FOR SEPARATION OF CHURCH AND STATE WASHINGTON, DC | GENERAL SUPPORT | $58,589 |
| AMERICARES STAMFORD, CT | GENERAL SUPPORT | $97,670 |
| ANDREW WOMMACK MINISTRIES INC WOODLAND PARK, CO | GENERAL SUPPORT | $10,262 |
| ASAE RESEARCH FOUNDATION WASHINGTON, DC | GENERAL SUPPORT | $5,114 |
| ASAP MINISTRIES INC BERRIEN SPRINGS, MI | GENERAL SUPPORT | $8,567 |
| ASCENDANT NEIGHBORHOOD DEVELOPMENT CORPORATION NEW YORK, NY | GENERAL SUPPORT | $6,838 |
| BREAD & ROSES INC LAWRENCE, MA | GENERAL SUPPORT | $10,597 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER XIA SPRADLING | PRESIDENT | 1 | — |
| KATHRYN ZEALAND | SECRETARY | 1 | — |
| JOHN GOEDERT | TREASURER | 1 | — |
| ANDREW NICK | CHIEF LEGAL OFFICER (THRU 12/17/24) | 2 | — |
| CHARLES A BOREK | CHIEF LEGAL OFFICER | 2 | — |
| ALLISON LEE | VP, LEGAL/COMPLIANCE (THRU 04/12/24) | 3 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Freewill Impact Fund fund?
FreeWill Impact Fund's mission is to raise one trillion dollars for charities. The organization addresses a critical gap in the philanthropic infrastructure: most wealth with philanthropic potential is stored in non-cash assets, but many charitable organizations lack the infrastructure to process these types of donations. By simplifying the process of giving non-cash assets, FreeWill Impact Fund enables donors to support causes close to their hearts while making a real-time impact on nonprofit …
How do I apply for a grant from Freewill Impact Fund?
FreeWill Impact Fund makes grants to qualified nonprofit organizations that meet specific eligibility requirements. Recipient organizations must be recognized by the IRS as exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code and classified as a public charity under Section 509(a)(1). **Grant Activity (2023):** • Total giving: $4,113,350 • Number of grants: 107 • Median grant size: $13,000 • Grant range: $5,000 to $1,000,000 **Recent Grantees (2023):** • AI4A…
Where does Freewill Impact Fund make grants?
FreeWill Impact Fund supports qualified nonprofit organizations throughout the United States.
What size grants does Freewill Impact Fund award?
In 2024, Freewill Impact Fund awarded 91 grants totaling $11.0M — an average of about $121K per grant, based on its IRS Form 990 filings.
What is Freewill Impact Fund's EIN?
Freewill Impact Fund's EIN (Employer Identification Number) is 86-1218871. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Freewill Impact Fund'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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