Grow America Fund Inc
THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$45.2M
-2.9% YoY
Revenue
$3.5M
-9.6% YoY
Net Investment Income
—
Expenses
$4.1M
+18.4% YoY
About Grow America Fund Inc
Based on IRS filings
Grow America Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $45.2M in total assets.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $45,228,755 | $46,573,067 | $53,966,443 |
| Revenue | $3,546,199 | $3,921,676 | $3,801,712 |
| Expenses | $4,099,148 | $3,460,919 | $4,293,994 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAM ENNIS | TREASURER | 3 | — |
| CHARLEY DEPEW | BOARD MEMBER | 1 | — |
| DANIEL MARSH III | CHAIRMAN | 2.75 | — |
| DAVID TREVISANI | BOARD MEMBER/INTERIM PRESI | 8.5 | — |
| DAWAYNE SIMS | BOARD MEMBER | 0.25 | — |
| EARL RICHARSON | BOARD MEMBER | 0.25 | — |
| KEVIN GREMSE | BOARD MEMBER | 1 | — |
| PATRICIA THOMSON | BOARD MEMBER | 0.25 | — |
| RAQUEL FAVELA | BOARD MEMBER | 1 | — |
| STEPHANIE DUGAN | BOARD MEMBER | 1 | — |
| DANIEL CHOI | CFO AND VICE PRESIDENT | 12.5 | — |
| JENNIFER VERTREES | SECRETARY | 7.5 | — |
| ANN FINNEGAN | MANAGING DIRECTOR OF LENDI | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Grow America Fund Inc?
Grow America Fund Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. It holds $45.2M in total assets as of 2024.
How large is Grow America Fund Inc?
As of 2024, Grow America Fund Inc holds $45.2M in total assets with $3.5M in annual revenue.
Where does Grow America Fund Inc operate?
Grow America Fund Inc has awarded grants in Maryland, New York, Ohio.
What is Grow America Fund Inc's EIN?
Grow America Fund Inc's EIN (Employer Identification Number) is 13-3641265. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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