Fund II Foundation
Fund II Foundation is a private foundation based in Washington, DC, established in 2014 to make grants to public charities. Its website says it supports work to preserve the African-American experience, safeguard human rights, provide music education, protect the environment and promote outdoor access, and sustain values including entrepreneurship.
Fund II Foundation at a glance
In short: Fund II Foundation gave $668K across 51 grants in 2024 (avg $13K), top state District of Columbia. 75% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $668,331
- -88.3% vs 2023
- Grants made (2024)
- 51
- +54.5% vs 2023
- Average grant
- $13,105
- -92.4% vs 2023
- Median grant
- $5,000
- Total assets
- $138,682,234
- -4.1% vs 2023
- New grantees (estimate)
- 75% first-time grantees (21 of 28, 2024)
- Primary geography
- District of Columbia (47% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Fund II Foundation
- How to Apply
-
The 2023 filing describes letters of intent and applications submitted online or to the foundation’s DC office. Materials include an introduction to the organization, how its work fits the foundation’s priority mandates, why its mission is critical, the amount requested, and the population it will serve. The filing states that grants are made to section 501(c)(3) public charities focused on the foundation’s five stated areas.
- Review Cycle
- The 2023 filing lists no deadlines.
- Deadline
- The 2023 filing lists no deadlines.
- Contact
Application contact: Monica Lugo
Mailing address: 633 Pennsylvania Ave Nw, Washington, DC 20004
Phone: (202) 810-7215
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Fund II Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Thurgood Marshall College Fund ($175K). Together the top 10 received $473K.
Organizations only. It also paid 22 grants to individuals ($95,000), which are not listed by name.
Grant Size Distribution
178 grants across all recorded years
The most common grant size was under $50K: 153 grants of 178 (86%).
Geographic Focus
Where this funder awards grants
The foundation is based in Washington, DC. In 2024, the largest shares of grant dollars went to recipients in DC (47%), New York (13%), Mississippi (9%), California (9%), and Massachusetts (7%). The reported grants also included recipients in Maryland, among other states.
Grant Distribution by State
Share of 2024 grant dollars across all 51 itemized grants.
States
Cities
Is Fund II Foundation open to new grantees?
75%
first-time grantees, 2024
In 2024, 21 of 28 grantees (75%) were first-time recipients. First grants averaged $20K; repeat grants $21K. How we count
Medians: $5K first-time, $10K repeat.
- 25% of 2024 grantees were also funded in 2023. Method
- Giving fell 92% from 2021 to 2024. Method
- In 2024 it paid out 227% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). 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 2019 to 2024, annual grant giving ranged from $668K (2024) to $30.5M (2019). In 2024 it made 51 grants totaling $668K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Thurgood Marshall College Fund Washington, DC | General Support | $175,000 |
| The Piney Woods Country Life School Piney Woods, MS | General Support | $60,000 |
| Hollywood Cares Foundation Inc West Hollywood, CA | General Support | $50,000 |
| Legal Defense Fund (NAACP Legal Defense & Educ Fund Inc) New York, NY | Sponsorship | $50,000 |
| Massachusetts Institute of Technology Cambridge, MA | Student Summer Program - 10 Sponsorships | $50,000 |
| Justice for Black Girls (Everyblackgirl) Potomac, MD | 2024 Conference Sponsor | $25,000 |
| National Medical Association Silver Spring, MD | General Support | $21,700 |
| The Howard University Washington, DC | Donation for Center for Journalism and Democracy | $20,000 |
| 2GETHER-International Washington, DC | Sponsorship | $10,000 |
| Black Gravity Inc (DBA BLK GRVTY) Washington, DC | General Support | $10,000 |
Ready to take the next step with Fund II Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $138,682,234 | $403,593 | $10,091,928 | $668,331 | 51 | $9,892,349 | $374,660 | $4,352,909 |
| 2023 | $144,684,968 | $14,020,176 | $16,083,440 | $5,722,500 | 33 | $15,761,303 | $12,096,820 | $4,509,713 |
| 2022 | $144,118,166 | $21,265,753 | $17,358,980 | $10,839,860 | 46 | $17,336,694 | $21,180,178 | $4,178,819 |
| 2021 | $140,006,894 | $5,499,960 | $12,379,322 | $8,378,832 | 32 | — | $5,505,552 | $5,588,240 |
| 2020 | $145,574,457 | $6,157,411 | $9,551,309 | $5,940,250 | 16 | — | $6,106,928 | $5,311,792 |
| 2019 | $146,185,620 | $22,215,363 | $36,604,679 | $30,455,000 | 20 | — | $22,243,349 | $5,249,165 |
Under IRS private-foundation payout rules, Fund II Foundation reported a distributable amount of $4.4M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation describes its mission as advancing social change and creating an enduring American legacy. Its stated focus areas are cultural preservation of the African-American experience; human dignity and human rights; environmental conservation and outdoor education; music education, particularly in primary and secondary schools; and entrepreneurship, empowerment, innovation, and security.
Its Cradle to Greatness framework is intended to align grantmaking with outcomes that prepare and propel talent, support fair access, and accelerate the careers of young people who are often overlooked and underestimated. The foundation also describes internXL as connecting qualified Black and Brown students with internship opportunities.
Examples of organizations supported in 2024 reflect a range of work. The Thurgood Marshall College Fund, which received $175,000, describes its mission as increasing access, retention, and graduation at member schools, preparing students with leadership potential, and creating an employer pipeline. The Massachusetts Institute of Technology, which received $50,000, says its mission is to advance knowledge and educate students in science and other areas of scholarship. The National Medical Association, which received $21,700, says it works to advance medicine for people of African descent through education, advocacy, and health policy. The Brooklyn Public Library, which received $10,000, describes its mission as preserving and transmitting knowledge, history, and culture while providing free and open access to information.
Grantmaking
In filing year 2024, the foundation reported 51 grants totaling $668,331. Grants ranged from $750 to $175,000, with a median of $5,000. The largest awards included $175,000 to the Thurgood Marshall College Fund for general support; $60,000 to The Piney Woods Country Life School for general support; and $50,000 each to Hollywood Cares Foundation for general support, the Legal Defense Fund as a sponsorship, and MIT for 10 student summer program sponsorships.
Other reported 2024 grants included $25,000 to Justice for Black Girls for a conference sponsorship, $20,000 to Howard University for its Center for Journalism and Democracy, and $10,000 each to 2Gether-International, Black Gravity, Brooklyn Public Library, and the National Education Equity Lab.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Linda Wilson as executive director; Wendell Layne III as director of operations; Dafna Tapiero as secretary/director; Anthony C. Spikes as treasurer/director; and A. Jeanine Abrams-McLean, Lori Malcolm, and Robert F. Smith as directors. The foundation’s website identifies Robert F. Smith as its founding director and president.
Fund II Foundation is led by Linda Wilson, Executive Director on every filing since 2019; 6 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Linda Wilson
Executive Director
On filings since 2019
40 hrs/week
$245K (2019) → $308K (2024)
Anthony C. Spikes
Treasurer & Director
On filings since 2019
2 hrs/week
$25K (2019) → $25K (2024)
Dafna Tapiero
Secretary & Director
On filings since 2019
2 hrs/week
$25K (2019) → $25K (2024)
Lori Malcolm
Director
On filings since 2020
1 hr/week
$25K (2020) → $25K (2024)
Wendell Layne III
Director of Operations
Foundation Manager → Director of Operations, 2024
On filings since 2021
40 hrs/week
$109K (2021) → $236K (2024)
A. Jeanine Abrams-McLean PhD
Director
On filings since 2023
2 hrs/week
$25K (2024)
Robert F. Smith
Director
President & Director → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Victoria Kennedy (2019–2022) — Director
- Former: Alexandra Sophie Tod (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "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 $308K, to Linda Wilson (Executive Director). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Fund II Foundation
How much does Fund II Foundation give each year?
Fund II Foundation gave $668K across 51 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.7M across 33 grants.
What is Fund II Foundation's typical grant size?
Fund II Foundation's median grant in 2024 was $5,000, and its average grant was $13,105, across 51 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Fund II Foundation that year got $20K on average.
Where does Fund II Foundation give grants?
Fund II Foundation's top state is District of Columbia, with 47% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (13%) and Mississippi (9%). The most frequent recipient cities were Washington, DC (6 grants), New York, NY (3 grants) and Piney Woods, MS (2 grants).
Does Fund II Foundation give general operating support?
Yes: 31% of Fund II Foundation's 2024 grants with a stated purpose (16 of 51) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Educational Award" (22 grants) and "Sponsorship" (5 grants).
Who are Fund II Foundation's largest grantees?
Fund II Foundation's largest 2024 grantees include Thurgood Marshall College Fund ($175,000), The Piney Woods Country Life School ($61,000 across 2 grants) and Hollywood Cares Foundation Inc ($50,000), according to its 2024 IRS Form 990-PF. It also paid 22 grants to individuals ($95,000), which are not listed by name. Together they received 43% of its itemized 2024 grant dollars.
How large is Fund II Foundation?
Fund II Foundation reported $138.7M in total assets on its 2024 IRS Form 990-PF. It paid out $9.9M in qualifying distributions that year, against a required minimum of $4.4M (roughly 5% of its investment assets).
What does Fund II Foundation fund?
The foundation describes its mission as advancing social change and creating an enduring American legacy. See mission & focus areas ↑
How do I apply for a grant from Fund II Foundation?
The 2023 filing describes letters of intent and applications submitted online or to the foundation’s DC office. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Fund II Foundation's EIN?
Fund II Foundation's EIN (Employer Identification Number) is 47-2396669. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 9, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Fund II Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Fund II Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/fund-ii-foundation-morg_f99e07a15997477f8fbdb75836903757
BibTeX
@misc{grantable_472396669_2026,
author = {{Grantable}},
title = {{Fund II Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/fund-ii-foundation-morg_f99e07a15997477f8fbdb75836903757},
note = {Accessed 2026-10-12. 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 Fund II Foundation'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.
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