Grameen Foundation USA
Grameen Foundation USA is a Washington, DC-based public charity (filing type: Form 990). Its work focuses on helping women and underserved communities build livelihoods and economic resilience through financial services, technology, training, and locally led programs. The organization says it is joining forces with Yunus Social Business to form a unified organization focused on ending poverty and hunger.
Grameen Foundation USA at a glance
In short: Grameen Foundation USA reported $298K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $298,268 — reported as a total on the IRS filing, without an itemized list
- +5.4% vs 2024
- Total assets
- $4,368,961
- -19.3% vs 2024
- Revenue (2025)
- $8,439,523
- +5.8% vs 2024
- Net investment income (2025)
- $182,125
- +74.6% vs 2024
- Expenses (2025)
- $7,998,548
- -13.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Grameen Foundation USA
- How to Apply
-
The BELUU guidelines directed applicants to submit an application using the specified form; that application cycle is past.
- Review Cycle
- November 30, 2022 (past).
- Deadline
- November 30, 2022 (past).
- Contact
Mailing address: 2001 L Street Nw 500, Washington, DC 20036
Phone: (202) 628-3560
Website: https://grameenfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Grameen Foundation USA funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
The foundation’s website describes work in multiple regions around the world. Its 2024 filing lists active projects in Haiti, Mexico, Nigeria, Benin, Argentina, Ghana, Guatemala, Honduras, India, the Philippines, Senegal, Uganda, Palau, Nauru, Tuvalu, Burkina Faso, Tanzania, Nepal, and the Marshall Islands. The filing also identifies regional work in Asia, Latin America, and Sub-Saharan Africa.
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $63K (2022) to $391K (2023). In 2025 it reported $298K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Bar Association Chicago, IL | Program Support-Riches Program | $62,970 |
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Financial History
Multi-year comparison from IRS filings
The 2024 filing narrative says that subsidiary revenue and expenses are included in the consolidated financial statements but excluded from the Form 990, and that a $227,000 grant received from a subsidiary is included in the Form 990 but eliminated in the consolidated statements.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,368,961 | $8,439,523 | $7,998,548 | $298,268 | Total only | $182,125 |
| 2024 | $5,411,694 | $7,973,209 | $9,223,393 | $283,012 | Total only | $104,300 |
| 2023 | $8,807,405 | $10,394,919 | $11,427,082 | $391,202 | Total only | $17,281 |
| 2022 | $9,461,534 | $10,571,497 | $10,544,828 | $62,970 | 1 | $48,210 |
| 2021 | $9,173,315 | $10,651,686 | $9,665,815 | $111,144 | 2 | $40,475 |
| 2020 | $6,589,488 | $6,859,549 | $8,772,584 | $125,307 | 1 | $75,195 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to break the cycle of poverty by supporting women and underserved communities with resources to thrive. It describes using technology-driven solutions and locally led interventions to advance financial inclusion, economic resilience, and social change.
Its programs include AccelHERate, supporting young women; InvestHER, supporting women entrepreneurs; TogetHER, We Grow, supporting farmers; and Program SAFE, addressing financial abuse. Its filing also describes work with local nonprofits, social enterprises, small businesses, financial service providers, cooperatives, and farmer organizations. Through Bankers without Borders, volunteers provide consulting support to host organizations. Its wholly owned subsidiary, TaroWorks, provides an offline mobile app builder for nonprofits and social enterprises.
Grantmaking
The IRS filing data lists zero grants in each of 2023, 2024, and 2025. A 2022 record identifies the American Bar Association as receiving $62,970. The ABA describes its mission as serving the legal profession and public, defending liberty, delivering justice, promoting the public good, and encouraging cordial discourse among members of the Bar. No typical grant size is available from the listed grant information.
The foundation’s BELUU Innovation Grant invited civil society organizations, private-sector entities, advocacy groups, financial-services and technology providers, and individual entrepreneurs or young professionals active in Tuvalu, Nauru, the Marshall Islands, and Palau to apply. The program offered funding to pilot or scale projects, products, or services serving women, including through digital financial services and tools. The application cycle described in the guidelines is past.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing:
- Elisabeth Holmes Rhyne — Chair
- Jennifer Darlington — Treasurer
- Arthur Goshin — Secretary
- Beverly Morris Armstrong — Board member
- Marie-Renee Bakker — Board member
- Sheila Cheston — Board member
- Carlos Jose Fonseca — Board member
- Vikram Gandhi — Board member
- Lauren Hendricks — Board member (until 12/24)
- Leslie Hyman — Board member
Grameen Foundation USA is led by Zubaida Bai, President & CEO on every filing since 2023; 12 of 26 officers listed in 2025 are compensated.
Officers on the 2025 filing
Zubaida Bai
President & CEO
On filings since 2023
35 hrs/week
$69K (2023) → $279K (2025)
Elisabeth Holmes Rhyne
Chair
Vice Chair → Chair, 2023
On filings since 2020
0.9 hrs/week
No compensation reported
Arlyn Gigi Gatti
Director & Tech. for Development
Director & Tech. for Dev'l → Director & Technology for Development, 2024
Director & Technology for Development → Director & Tech. for Development, 2025
On filings since 2020
40 hrs/week
$109K (2020) → $155K (2025)
Cesar Duron
Director & Global Human Resources
Director & Global Human Resources → Director & Global Hr, 2023
Director & Global Hr → Director & Global Human Resources, 2024
On filings since 2020
37 hrs/week
$120K (2020) → $127K (2025)
Sabrina Quaraishi
Director & Bankers Without Borders
On filings since 2020
40 hrs/week
$112K (2020) → $121K (2025)
Kate Bartholomeusz
Senior Director, Dev'l, Mrkting & Committee
Senior Director, Dev'l, Mark. & Committee → Senior Director, Dev'l, Mrkting & Committee, 2024
On filings since 2023
35 hrs/week
$116K (2023) → $121K (2025)
Marlen Divina
Director & Finance
On filings since 2023
39 hrs/week
$13K (2023) → $39K (2025)
Bobbi Gray
Research Director
New on the 2025 filing
40 hrs/week
$110K (2025)
Nadeige Uwamba
Director of Major Gifts
New on the 2025 filing
40 hrs/week
$120K (2025)
Lauren Hendricks
Board Member
Executive Vice President & Global Programs → Board, 2023
Board → Board Member, 2024
On filings since 2020
0.3 hrs/week
$183K (2020) → $0 (2025)
Elaine Chang
Taroworks COO
On filings since 2021
40 hrs/week
$144K (2021) → $157K (2025)
Hermina Rubio Gutierrez
Acting CFO
On filings since 2022
39 hrs/week
$150K (2022) → $201K (2025)
Amelia Kuklewicz
Executive Vice President Programs
On filings since 2023
35 hrs/week
$115K (2023) → $126K (2025)
Brianne Fischer
Legal Counsel
General Counsel → Legal Counsel, 2025
On filings since 2023
19 hrs/week
$15K (2023) → $103K (2025)
Arthur R. Goshin
Secretary
Secretary → Treasurer, 2023
Treasurer → Secretary, 2025
On filings since 2020
0.7 hrs/week
No compensation reported
Beverly Morris Armstrong
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.6 hrs/week
No compensation reported
Carlos Jose Fonseca
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Daniel Wolfsen
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Leslie Hyman
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.4 hrs/week
No compensation reported
Marie-Renee Bakker
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.6 hrs/week
No compensation reported
Vikram Singh Gandhi
Board Member
Board Member → Board, 2021
Board → Board Member, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Jennifer Darlington
Treasurer
Board → Secretary, 2023
Secretary → Treasurer, 2025
On filings since 2022
0.6 hrs/week
No compensation reported
Gopi Kallayil
Board Member
Board → Board Member, 2024
On filings since 2023
0.6 hrs/week
No compensation reported
Sheila Cheston
Board Member
Board → Board Member, 2024
On filings since 2023
0.7 hrs/week
No compensation reported
Debopama Sen
Board Member
On filings since 2024
0.4 hrs/week
No compensation reported
Jeffrey Scott
Board Member
On filings since 2024
0.8 hrs/week
No compensation reported
Former officers (23)
- Former: Conan Wickham (2020–2024) — Former Officer
- Former: Kathy Dyer (2020–2024) — Board Member
- Former: Emily Romero (2021–2024) — Senior Director & Institutional Relations
- Former: Marianne Udow-Phillips (2021–2024) — Board Member
- Former: Neela Saldanha (2022–2024) — Vice Chair
- Former: Lakshmi Iyer (2024) — Director of Innovation in Agriculture
- Former: Brent Chism (2020–2023) — Interim CEO
- Former: Ellen Longden Breyer (2020–2023) — Board
- Former: Peter Francis Cowhey (2020–2023) — Board
- Former: Heidi Peterson (2022–2023) — Senior Director & Fundraising
- Former: Bill Hamm (2023) — Board
- Former: Jeff Scott (2023) — Board
- Former: James Grover Thomas (2020–2022) — Board
- Former: Shantanu Agrawal (2020–2022) — Board
- Former: Steve Hollingworth (2020–2022) — President & CEO
- Former: William Giles Hamm (2020–2022) — Board
- Former: Jane Cronin (2022) — General Counsel
- Former: Teresa Hurd (2022) — Director & Market Development
- Former: Christian Loupeda (2020–2021) — Senior Director & Financial Inclusion
- Former: Ed Michael Reggie (2020–2021) — Board
- Former: Jeanne Schwartz (2020–2021) — Vice President Development & Communications
- Former: Juan Vallarino (2020–2021) — Board
- Former: Marianne Udow-Philipps (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $279K, to Zubaida BAI (President & CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Grameen Foundation USA
How much does Grameen Foundation USA give each year?
Grameen Foundation USA reported $298K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $283K in grants paid.
How large is Grameen Foundation USA?
Grameen Foundation USA reported $4.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $8.4M.
What does Grameen Foundation USA fund?
The organization’s stated mission is to break the cycle of poverty by supporting women and underserved communities with resources to thrive. It describes using technology-driven solutions and locally led interventions to advance financial inclusion, economic resilience, and social change. See mission & focus areas ↑
How do I apply for a grant from Grameen Foundation USA?
The BELUU guidelines directed applicants to submit an application using the specified form; that application cycle is past. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Grameen Foundation USA make grants?
The foundation’s website describes work in multiple regions around the world. Its 2024 filing lists active projects in Haiti, Mexico, Nigeria, Benin, Argentina, Ghana, Guatemala, Honduras, India, the Philippines, Senegal, Uganda, Palau, Nauru, Tuvalu, Burkina Faso, Tanzania, Nepal, and the Marshall Islands. The filing also identifies regional work in Asia, Latin America, and Sub-Saharan Africa.
What is Grameen Foundation USA's EIN?
Grameen Foundation USA's EIN (Employer Identification Number) is 73-1502797. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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