Inherent Foundation

Foundation · Grantmaker New York, NY EIN: 27-0214492 Website

Inherent Foundation is a private foundation based in New York, NY, established in 2009. The Foundation operates as a 501(c)(3) organization and functions as a grantmaking entity focused on economic opportunity and workforce development. The Foundation is affiliated with Inherent Group, an investment management company headquartered in New York.

Key facts about Inherent Foundation

EIN: 27-0214492
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,590,163
Grants made (2024): 22
Average grant: $72,280
Median grant: $21,160
New grantees (estimate): 27% first-time grantees (6 of 22, 2024)
Total assets: $48,214,874
Primary geography: California (31% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Inherent Foundation funds

By grant dollars, the top recipient states for Inherent Foundation's 22 itemized 2024 grants were California (31%), Texas (20%) and Massachusetts (19%). The most frequent recipient cities were New York, NY (4 grants), Austin, TX (2 grants) and Greenwich, CT (2 grants). 100% of grants with a stated purpose were for general or operating support.

Is Inherent Foundation open to new grantees?

27%

first-time grantees, 2024

In 2024, 6 of 22 grantees (27%) were first-time recipients. First grants averaged $20K; repeat grants $92K. How we count

Medians: $21K first-time, $33K repeat.

68% of 2024 grantees were also funded in 2023. Method
Giving grew 86% from 2021 to 2024. Method
In 2024 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Inherent Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$48.2M

-3.7% YoY

Annual Giving

$1.6M

-32.1% YoY

Grant Count

-43.6% YoY

Avg Grant Size

$72K

+20.4% YoY

Under IRS private-foundation payout rules, Inherent Foundation reported a distributable amount of $2.7M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

Inherent Foundation believes that economic opportunity is the cornerstone of a thriving community. The Foundation's mission centers on collaborating with nonprofit organizations and social enterprises in education and workforce development to increase economic mobility for people living in poverty. The ultimate goal is to eradicate inter-generational poverty, fostering an environment where individuals earn family-sustaining wages and contribute meaningfully to society.

The Foundation aligns its work with the United Nations Sustainable Development Goal 8, concentrating on sustained, inclusive, and sustainable economic growth. The Foundation acknowledges poverty as a complex, systemic issue requiring a holistic philanthropic approach.

Primary funding focus areas include:

Education
Workforce development
Human services
Philanthropy and grantmaking

Grantmaking

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Geographic Focus

Where this funder awards grants

The Foundation's grant-making focuses primarily on New York, Connecticut, and Massachusetts.

Grant Distribution by State

California $500K (31%)

Texas $325K (20%)

Massachusetts $302K (19%)

Connecticut $257K (16%)

New York $117K (7%)

All other $89K (6%)

Share of all 22 itemized 2024 grant dollars.

States

California Colorado Connecticut District of Columbia Hawaii Illinois Indiana Massachusetts Maryland Maine Missouri North Carolina New Jersey New York Pennsylvania Tennessee Texas Virginia West Virginia

Cities

New YorkAustinBostonGreenwichAlexandriaBerwynBrooklynBerkeleyIndianapolisLong Island CityMill ValleyNew HavenSilver SpringAzusaBroomfieldChicagoDorchesterNew BrunswickRhinebeckStamford

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total Assets: $50.1 million
Total Revenues: $814,000
Total Expenses: $3.2 million
Total Liabilities: $0
Total Giving: Approximately $1.9 million in grants

The Foundation has been tax-exempt since September 2009.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$48,214,874	$50,073,496	$44,926,183
Revenue	$408,429	$814,458	$2,647,449
Expenses	$2,629,503	$3,196,973	$3,727,694
Qualifying Distributions	$2,170,301	$4,421,515	$2,432,125
Net Investment Income	$540,218	$522,803	$3,273,842
Distributable Amount	$2,720,021	$3,090,500	$2,524,950

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

116 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Imagine Worldwide ($500,000), All Our Kin ($250,000), Educate Girls ($250,000).

Recipient	Purpose	Amount
IMAGINE WORLDWIDE Mill Valley, CA	GENERAL SUPPORT	$500,000
ALL OUR KIN New Haven, CT	GENERAL SUPPORT	$250,000
EDUCATE GIRLS Austin, TX	GENERAL SUPPORT	$250,000
CERES Boston, MA	GENERAL SUPPORT	$176,750
JOIN FREEWORLD INC Austin, TX	GENERAL SUPPORT	$75,000
LABHYA USA INC Topsfield, MA	GENERAL SUPPORT	$75,000
FATHERS' UPLIFT INC Dorchester, MA	GENERAL SUPPORT	$50,000
PURSUIT TRANSFORMATION COMPANY INC Long Island City, NY	GENERAL SUPPORT	$50,000
SIDDARTHA SCHOOL PARTNERSHIP Portland, ME	GENERAL SUPPORT	$50,000
BUILDING TOMORROW INC Indianapolis, IN	GENERAL SUPPORT	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

Anthony L Davis — President and Treasurer
Mali Locke — Managing Director (compensation: $205,624 as of 2022)

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Anthony L Davis	President & Chairman	1	—
Suzy F Davis	Vice President	1	—
Michael Ellis	Treasurer, Secretary, & Director	5	$100,000
Mike Pollack	Director	1	—
Arlene Shaw	Director	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Inherent Foundation fund?

How do I apply for a grant from Inherent Foundation?

Inherent Foundation employs a multifaceted approach to grantmaking, utilizing both donations and program-related investments (PRIs), ranging in size from $25,000 to $1 million. The Foundation operates on three levels of funding: "Farm," "Catalytic," and "Sustaining," tailoring its support to organizations at different stages of development. In addition to traditional grants and PRIs, the Foundation leverages mission-related investments (MRIs) to amplify its impact, ensuring that 100% of its ass…

Where does Inherent Foundation make grants?

The Foundation's grant-making focuses primarily on New York, Connecticut, and Massachusetts.

What size grants does Inherent Foundation award?

In 2024, Inherent Foundation awarded 22 grants totaling $1.6M — an average of about $72K per grant, based on its IRS Form 990 filings.

How much is Inherent Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Inherent Foundation reported a distributable amount of $2.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.