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 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.
Grow America Fund Inc at a glance
- Total assets
- $45,228,755
- -2.9% vs 2023
- Revenue (2024)
- $3,546,199
- -9.6% vs 2023
- Expenses (2024)
- $4,099,148
- +18.4% vs 2023
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Grow America Fund Inc funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $3K (2021) to $20K (2020). In 2021 it reported $3K 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 |
|---|---|---|
| The Innoncence Project Inc New York, NY | Operating Support | $6,667 |
| Hola Ohio Ashtabula, OH | Operating Support | $6,667 |
| Bond Educational Group Camp Springs, MD | Operating Support | $6,667 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $45,228,755 | $3,546,199 | $4,099,148 | — | — |
| 2023 | $46,573,067 | $3,921,676 | $3,460,919 | — | — |
| 2022 | $53,966,443 | $3,801,712 | $4,293,994 | — | — |
| 2021 | $143,748,091 | $12,181,976 | $4,876,587 | $2,500 | Total only |
| 2020 | $138,000,715 | $4,973,286 | $4,437,805 | $20,001 | 3 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Grow America Fund Inc
Based on IRS filings
Grow America Fund Inc is a public charity 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
Leadership & Key People
Officers and directors from IRS filings
Grow America Fund Inc is led by David Trevisani, Board Member & Interim President on every filing since 2022; none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Trevisani
Board Member & Interim President
On filings since 2022
8.5 hrs/week
No compensation reported
Daniel Marsh III
Chairman
On filings since 2020
2.8 hrs/week
No compensation reported
Ann Finnegan
Managing Director of Lendi
Managing Director of Lending → Managing Director of Lendi, 2024
On filings since 2023
20 hrs/week
No compensation reported
Adam Ennis
Treasurer
Member & Treasurer → Treasurer, 2022
On filings since 2020
3 hrs/week
No compensation reported
Daniel Choi
CFO & Vice President
CFO → CFO & Vice President, 2024
On filings since 2020
12.5 hrs/week
No compensation reported
Kevin Gremse
Board Member
On filings since 2020
1 hr/week
No compensation reported
Patricia Thomson
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Raquel Favela
Board Member
On filings since 2020
1 hr/week
No compensation reported
Stephanie Dugan
Board Member
Member & Secretary → Board Member, 2022
On filings since 2020
1 hr/week
No compensation reported
Charley Depew
Board Member
On filings since 2022
1 hr/week
No compensation reported
Dawayne Sims
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Earl Richarson
Board Member
New on the 2024 filing
0.3 hrs/week
No compensation reported
Jennifer Vertrees
Secretary
New on the 2024 filing
7.5 hrs/week
No compensation reported
Former officers (4)
- Former: Jennie Vertrees (2022–2023) — Secretary
- Former: John Paylo (2022) — President
- Former: Chuck Depew (2020–2021) — Board Member
- Former: John Palyo (2020–2021) — President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Grow America Fund Inc
How large is Grow America Fund Inc?
Grow America Fund Inc reported $45.2M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.5M.
What is Grow America Fund Inc?
Grow America Fund Inc is a public charity focused on Community Improvement & Capacity Building, based in New York, NY. It holds $45.2M in total assets as of 2024.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Grow America Fund Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Grow America Fund Inc's focus areas in our free grants database
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