Inclusiv Inc
Inclusiv Inc is a New York-based 501(c)(3) nonprofit and public charity that works through credit unions to help low- and moderate-income people and communities achieve financial independence. Inclusiv describes itself as a Community Development Financial Institution (CDFI) and a national network of more than 500 credit unions.
Inclusiv Inc at a glance
In short: Inclusiv Inc gave $4.7M across 74 grants in 2025 (avg $63K), top state Missouri. 62% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $4,686,625
- +246.9% vs 2024
- Grants made (2025)
- 74
- +27.6% vs 2024
- Average grant
- $63,333
- +171.9% vs 2024
- Median grant
- $65,000
- Total assets
- $2,045,935,090
- +4.4% vs 2024
- New grantees (estimate)
- 62% first-time grantees (43 of 69, 2025)
- Primary geography
- Missouri (12% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated November 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Inclusiv Inc
- How to Apply
-
For Build and Save, eligible credit unions apply through the initiative’s application process. The Spring 2026 application period is closed; Inclusiv’s grant-opportunities page says to check back for the next round later in 2026.
- Review Cycle
- Spring 2026 applications closed April 3, 2026.
- Deadline
- Spring 2026 applications closed April 3, 2026.
- Contact
Mailing address: 55 Broadway 29Th Floor, New York, NY 10006
Phone: (212) 809-1850
Website: https://inclusiv.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Inclusiv Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Louis Community Cu ($500K). Together the top 10 received $1.4M.
Grant Size Distribution
266 grants across all recorded years
The most common grant size was under $50K: 206 grants of 266 (77%).
Geographic Focus
Where this funder awards grants
Inclusiv describes its work as serving credit unions and communities across the United States and Puerto Rico. In 2024, the largest shares of its grant dollars went to recipients in North Carolina and Puerto Rico (22% each), followed by California (15%), Mississippi (11%), and Illinois (10%).
Grant Distribution by State
Share of 2025 grant dollars across all 74 itemized grants.
States
Cities
Is Inclusiv Inc open to new grantees?
62%
first-time grantees, 2025
In 2025, 43 of 69 grantees (62%) were first-time recipients. First grants averaged $74K; repeat grants $58K. How we count
Medians: $75K first-time, $65K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $310K (2022) to $4.7M (2025). In 2025 it made 74 grants totaling $4.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Louis Community Cu St. Louis, MO | Eliminating Racial Wealth Divide Prog. 25-26 | $500,000 |
| Unitus Community Credit Union Portland, OR | Build and Save Matched Savings Initiative | $200,000 |
| Mecu of Baltimore Inc Baltimore, MD | Build and Save Subgrant Awards-2025 | $150,000 |
| 1ST Bergen FCU Hackensack, NJ | Build and Save Subgrant Awards-2025 | $75,000 |
| Chicago Post Office Employees Chicago, IL | Build and Save Subgrant Awards-2025 | $75,000 |
| Clearwater Credit Union Missoula, MT | Inclusiv - Build and Save Subgrant 2025 | $75,000 |
| Excite Cu San Jose, CA | Build and Save Subgrant Awards-2025 | $75,000 |
| Express Cu Seattle, WA | Inclusiv - Build and Save Subgrant 2025 | $75,000 |
| Firstlight FCU El Paso, TX | Inclusiv - Build and Save Subgrant 2025 | $75,000 |
| Great Lakes Credit Union Bannockburn, IL | Build and Save Subgrant Awards-2025 | $75,000 |
Ready to take the next step with Inclusiv Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,045,935,090 | $101,317,220 | $22,758,863 | $4,686,625 | 74 | $11,937 |
| 2024 | $1,960,631,669 | $1,897,878,390 | $14,997,310 | $1,350,970 | 58 | $11,937 |
| 2023 | $72,784,355 | $11,935,667 | $10,119,825 | $781,250 | 72 | $14,597 |
| 2022 | $97,622,121 | $12,847,743 | $8,604,317 | $309,500 | 22 | $1,348 |
| 2021 | $81,962,812 | $11,675,064 | $7,829,459 | $785,700 | 40 | $25 |
| 2020 | $51,995,198 | $8,231,612 | $6,486,141 | $675,000 | 50 | $14,312 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
Inclusiv’s mission is to help low- and moderate-income people and communities achieve financial independence through credit unions. It supports community development credit unions and cooperativas through capital, technical assistance, training, data tools, liquidity solutions, and grant programs when funding is available. Its Center for Resiliency and Clean Energy provides training and technical assistance, technology platforms, financial instruments, and research to support community-based clean-energy finance.
The organizations receiving 2024 grants included credit unions and other community finance organizations. Credit Union of Atlanta describes its mission as providing thrift savings and borrowings to members. Neighborhood Trust Financial Partners says it empowers low-income individuals to participate productively in the U.S. financial system and achieve their financial goals. Light Commerce Credit Union describes its focus as member service, member education, and competitive products.
Grantmaking
Inclusiv reported 58 grants totaling $1,350,970 in 2024. Grant amounts ranged from $6,000 to $300,000, with a median of $12,000. The largest reported awards included: Its 2025 filing, the latest on this page, reports 74 grants totaling $4.7 million.
Inclusiv’s Build and Save Matched Savings Initiative provides technical assistance and subgrants to member credit unions to strengthen or launch matched savings programs. The Spring 2026 application period is closed. Applicants for that initiative must be Inclusiv member credit unions, be federally or state-chartered in the continental United States, Alaska, or Hawaii, and have the organizational capacity and readiness to operate a matched savings program. The initiative includes peer-learning opportunities and requires grantees to submit six-month impact and final reports.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robin Roman as chairman, Blanche L. Jackson as vice chairman, Nereida Seda Vargas as treasurer, Ed Sivak as recording secretary, and James Hunter as corresponding secretary. Other listed officers and directors include Ian Forster, general counsel; Ming Kyung Cathi Kim, SVP, Capital, Investments, & Impact; and directors Aurelio Arroyo Conzalez, Diane Sandoval-Griego, and Hank Hubbard.
Inclusiv Inc is led by Cathleen Mahon, President & CEO on every filing since 2020; 11 of 26 officers listed in 2025 are compensated.
Officers on the 2025 filing
Cathleen Mahon
President & CEO
On filings since 2020
40 hrs/week
$245K (2020) → $328K (2025)
Robin Roman
Chairman
Director → Vice Chairman, 2022
Vice Chairman → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Jacqueline Moore
Director
On filings since 2020
1 hr/week
No compensation reported
Aurelio Arroyo Conzalez
Director
On filings since 2021
1 hr/week
No compensation reported
Hank Hubbard
Director
On filings since 2021
1 hr/week
No compensation reported
Kathy Chartier
Director
On filings since 2021
1 hr/week
No compensation reported
Diane Sandoval-Griego
Director
On filings since 2023
1 hr/week
No compensation reported
Jama R. Haynes
Director
On filings since 2023
1 hr/week
No compensation reported
Jeff Ivey
Director
On filings since 2023
1 hr/week
No compensation reported
Margie Salazar
Director
On filings since 2024
1 hr/week
No compensation reported
Micheal Franqui Baquero
Director
On filings since 2024
1 hr/week
No compensation reported
Suzette Cowell
Director
On filings since 2024
1 hr/week
No compensation reported
Pablo Defilippi
Senior Vice President Network Development
On filings since 2020
40 hrs/week
$140K (2020) → $252K (2025)
Pamela Owens
Vice President
On filings since 2020
40 hrs/week
$136K (2020) → $225K (2025)
Andrea Lally
Vice President & Network Growth
Director of Credit Union Op → Vice President Network Engagement, 2023
Vice President Network Engagement → Vice President & Network Growth, 2025
On filings since 2021
40 hrs/week
$101K (2021) → $153K (2025)
Neda Arabshahi
Executive Vice President Resiliency & Clean Energy
Vice President Resiliency & Clean Energy → Senior Vice President Center for Resiliency, 2023
Senior Vice President Center for Resiliency → Executive Vice President Resiliency & Clean Energy, 2024
On filings since 2021
40 hrs/week
$122K (2021) → $213K (2025)
Alexis Iwanisziw
Senior Vice President Policy & Communications
On filings since 2023
40 hrs/week
$152K (2023) → $187K (2025)
Ian Forster
General Counsel
On filings since 2024
40 hrs/week
$133K (2024) → $197K (2025)
Ming Kyung Cathi Kim
Senior Vice President, Capital & Investments
Senior Vice President, Capital, Investments & Impact → Senior Vice President, Capital & Investments, 2025
On filings since 2024
40 hrs/week
$166K (2024) → $182K (2025)
Silvia Rincon
COO
On filings since 2024
40 hrs/week
$192K (2024) → $202K (2025)
Lily Tran
CFO Fka Vice President of Finance
New on the 2025 filing
40 hrs/week
$170K (2025)
Robin Hollis
Vice President & Member Services
New on the 2025 filing
40 hrs/week
$161K (2025)
Ed Sivak
Recording Secretary
Director → Corresp. Secretary, 2022
Corresp. Secretary → Recording Secretary, 2023
On filings since 2020
1 hr/week
No compensation reported
James Hunter
Corresponding Secretary
Director → Corresponding Secretary, 2024
On filings since 2020
1 hr/week
No compensation reported
Blanche L. Jackson
Vice Chairman
Director → Treasurer, 2022
Treasurer → Vice Chairman, 2023
On filings since 2021
1 hr/week
No compensation reported
Nereida Seda Vargas
Treasurer
Director → Treasurer, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (20)
- Former: Eben Sheaffer (2020–2025) — CFO & CIO · Filing note: Thru 092025
- Former: Jack Lawson (2020–2023) — Director
- Former: Michele Franqui Baquero (2020–2023) — Director
- Former: Luis Pastor (2022–2023) — Director
- Former: Susanne James (2023) — Senior Vice President of Capital
- Former: Angela Morrison (2020–2022) — Recording Secretary
- Former: Ann D. Solomon (2020–2022) — Senior Vice President Strategic Initiative
- Former: Brenda Dominquez (2020–2022) — Treasurer
- Former: Eddie Alicea (2020–2022) — Corresp. Secretary
- Former: Paul Woodruff (2020–2022) — Director
- Former: Richard Romero (2020–2022) — Chairman
- Former: Shasta Leininger (2020–2022) — Director
- Former: Pavan Makhija (2022) — Controller
- Former: Armando Martinez (2020–2021) — Director
- Former: Carla Decker (2020–2021) — Vice Chairman
- Former: Cheryl Fatnassi (2020–2021) — Corresp. Secretary
- Former: Paul Phillips (2020–2021) — Director
- Former: Sheilah Montgomery (2020–2021) — Recording Secretary
- Former: Clarissa E. Ritter (2020) — V.p. Marketing & Committee
- Former: Danny Ristevski (2020) — Controller
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 $328K, to Cathleen Mahon (President/CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Inclusiv Inc
How much does Inclusiv Inc give each year?
Inclusiv Inc gave $4.7M across 74 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.4M across 58 grants.
What is Inclusiv Inc's typical grant size?
Inclusiv Inc's median grant in 2025 was $65,000, and its average grant was $63,333, across 74 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Inclusiv Inc that year got $74K on average.
Where does Inclusiv Inc give grants?
Inclusiv Inc's top state is Missouri, with 12% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Illinois (11%) and New York (8%). The most frequent recipient cities were Chicago, IL (8 grants), San Juan, PR (2 grants), Phoenix, AZ (2 grants) and Missoula, MT (2 grants).
Does Inclusiv Inc give general operating support?
Not in 2025: none of the 74 grants with a stated purpose on Inclusiv Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "New Majority Growth- ERP Program" (31 grants), "Build and Save Subgrant Awards-2025" (13 grants) and "Inclusiv - Build and Save Subgrant 2025" (12 grants).
Who are Inclusiv Inc's largest grantees?
Inclusiv Inc's largest 2025 grantees include St Louis Community Cu ($500,000), Unitus Community Credit Union ($200,000) and Mecu of Baltimore Inc ($150,000), according to its 2025 IRS Form 990. Together they received 18% of its itemized 2025 grant dollars.
How large is Inclusiv Inc?
Inclusiv Inc reported $2.0B in total assets on its 2025 IRS Form 990. Its revenue that year was $101.3M.
What does Inclusiv Inc fund?
Inclusiv’s mission is to help low- and moderate-income people and communities achieve financial independence through credit unions. See mission & focus areas ↑
How do I apply for a grant from Inclusiv Inc?
For Build and Save, eligible credit unions apply through the initiative’s application process. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Inclusiv Inc's EIN?
Inclusiv Inc's EIN (Employer Identification Number) is 11-2421972. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 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
- Added Form 990 for fiscal year 2025 (received by the IRS September 14, 2026)
- Updated Form 990 for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Inclusiv Inc funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Inclusiv Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Inclusiv Inc funder profile. GrantGraph. Retrieved November 5, 2026, from https://grantable.co/funders/inclusiv-inc-morg_415404e2214e4c15acf8f81ab97e4ea2
BibTeX
@misc{grantable_112421972_2026,
author = {{Grantable}},
title = {{Inclusiv Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/inclusiv-inc-morg_415404e2214e4c15acf8f81ab97e4ea2},
note = {Accessed 2026-11-05. 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 Inclusiv Inc'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.
Inclusiv Inc down — hundreds of funders to go?