Fund for a Better Future Inc
Fund for a Better Future Inc. (FBF) is a 501(c)(4) social welfare organization based in Sacramento, California, established in 2016. As a nonprofit civic league, FBF works with donors and changemakers to advance solutions to pressing social and environmental challenges. The organization functions as both a grantmaker and fiscal sponsor, marshaling resources and providing administrative support to advance impact-driven initiatives.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.1M
-43.9% YoY
Annual Giving
$10.7M
-70.2% YoY
Grant Count
30
+130.8% YoY
Avg Grant Size
$358K
-87.1% YoY
Mission & Focus Areas
FBF is dedicated to promoting the common good by protecting the environment, upholding democratic values, addressing disparities in public health, and advancing social equity.
The organization supports work focused on:
- Climate Action
- Election Integrity
- Social & Economic Justice
- Environmental Protection
- Healthcare
- Immigration Rights
FBF has played key roles in ballot measures at state and national levels, supporting initiatives addressing environmental protection, climate justice, redistricting, women's reproductive rights, voting rights, economic justice, immigration rights, and access to healthcare.
Grantmaking
FBF provides grants to organizations advancing solutions across its priority areas. In 2023, the organization provided grants to advance climate solutions, protect voter rights, preserve environmental laws, and address public health disparities including reproductive rights.
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Geographic Focus
Where this funder awards grants
FBF funds work across the United States, with particular activity in California and other states. The organization's partnership with Resources Legacy Fund extends initiatives across Western North America and beyond.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $25.1 million
- Total Revenue: $41.7 million
- Total Expenses: $41.4 million
- Total Liabilities: $5.35 million
- Employees: 43
As of December 2022:
- Total Revenue: $56.8 million
- Total Expenses: $48.3 million
- Total Assets: $20.9 million
Tax Status:
- Tax-exempt since February 2017
- EIN: 81-2319758
- Contributions to FBF are not deductible for federal income tax purposes
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,079,455 | $25,095,166 | $20,878,438 |
| Revenue | $7,686,017 | $41,718,209 | $56,813,604 |
| Expenses | $14,171,510 | $41,402,425 | $48,272,228 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $51,394 | $97,079 | $146,522 |
| 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
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sixteen Thirty Fund ($1,500,000), Climate Power ($1,105,882), Priorities Usa ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SIXTEEN THIRTY FUND WASHINGTON, DC | CIVIL RIGHTS AND CIVIC ENGAGEMENT | $1,500,000 |
| CLIMATE POWER WASHINGTON, DC | FISCAL SPONSORSHIP SPINOFF | $1,105,882 |
| PRIORITIES USA WASHINGTON, DC | SUPPORT FOR SOCIAL WELFARE ACTIVITIES | $1,000,000 |
| ELECTORAL COLLECTIVE ACTION NEW ORLEANS, LA | CLIMATE AND ENVIRONMENTAL ADVOCACY | $750,000 |
| INDIVISIBLE PROJECT WASHINGTON, DC | CIVIL RIGHTS AND CIVIC ENGAGEMENT | $750,000 |
| TIDES ADVOCACY SAN FRANCISCO, CA | CLIMATE AND ENVIRONMENTAL ADVOCACY | $750,000 |
| TEXAS CAMPAIGN FOR THE ENVIRONMENT AUSTIN, TX | CLIMATE AND ENVIRONMENTAL ADVOCACY | $530,000 |
| DEMOCRACY FORWARD WASHINGTON, DC | SUPPORT FOR SOCIAL WELFARE ACTIVITIES | $500,000 |
| HIP HOP CAUCUS ACTION FUND WASHINGTON, DC | CLIMATE AND ENVIRONMENTAL ADVOCACY | $500,000 |
| PENNSYLVANIA UNITED PITTSBURGH, PA | CLIMATE AND ENVIRONMENTAL ADVOCACY | $500,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Matt Armsby is listed as Interim President.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON BURNETT | DIRECTOR & CHAIR | 1 | — |
| CHRISTOPHER J ELLIMAN | DIRECTOR | 1 | — |
| MARTHA KONGSGAARD | DIRECTOR | 1 | — |
| PRESTON PINKETT III | DIRECTOR | 1 | — |
| MELISSA ROY | DIRECTOR | 1 | — |
| AVI GARBOW SEE SCH O | DIRECTOR & PRESIDENT (END 10/2024) | 3 | $51,095 |
| ROSINA BUGARIN SEE SCH O | TREASURER & CFO | 5 | $41,730 |
| HELENA CHOI SEE SCH O | SECRETARY & VICE PRESIDENT | 3 | $20,181 |
| MATTHEW ARMSBY SEE SCH O | VP & INTERIM PRES. (BEG 10/2024) | 5 | $38,924 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Fund for a Better Future Inc fund?
FBF is dedicated to promoting the common good by protecting the environment, upholding democratic values, addressing disparities in public health, and advancing social equity. The organization supports work focused on: • **Climate Action** • **Election Integrity** • **Social & Economic Justice** • **Environmental Protection** • **Healthcare** • **Immigration Rights** FBF has played key roles in ballot measures at state and national levels, supporting initiatives addressing environmental protect…
How do I apply for a grant from Fund for a Better Future Inc?
FBF provides grants to organizations advancing solutions across its priority areas. In 2023, the organization provided grants to advance climate solutions, protect voter rights, preserve environmental laws, and address public health disparities including reproductive rights. **Grant Activity:** • In 2023, FBF made a fiscal sponsorship spinoff grant to Climate Power for $21,300,000 • Typical grant awards range from $10,000 to $21,300,000 • The organization serves as a fiscal sponsor, providing a…
Where does Fund for a Better Future Inc make grants?
FBF funds work across the United States, with particular activity in California and other states. The organization's partnership with Resources Legacy Fund extends initiatives across Western North America and beyond.
What size grants does Fund for a Better Future Inc award?
In 2024, Fund for a Better Future Inc awarded 30 grants totaling $10.7M — an average of about $358K per grant, based on its IRS Form 990 filings.
What is Fund for a Better Future Inc's EIN?
Fund for a Better Future Inc's EIN (Employer Identification Number) is 81-2319758. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Fund for a Better Future Inc'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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