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.
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
22
-43.6% YoY
Avg Grant Size
$72K
+20.4% YoY
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
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.
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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
States
Cities
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.
| 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 |
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
No grants recorded for .
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
From 2024 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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