Monterra Community Fund

REDWOOD CITY, CA EIN: 85-0663372 Website

Community Improvement & Capacity Building

Monterra Community Fund is a 501(c)(3) nonprofit fund created by Monterra Credit Union (formerly known as San Mateo Credit Union) to support financial wellness in the community. The fund is based in Redwood City, California, and operates as a subordinate organization under Monterra Credit Union.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$411K

-18.8% YoY

Annual Giving

$17K

-95.2% YoY

Grant Count

-97.1% YoY

Avg Grant Size

$17K

+69.0% YoY

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

Mission & Focus Areas

The fund's mission is to support the organization's commitment to financial wellness in the community. Primary focus areas include:

Economic Development: Providing relief to small businesses located in unincorporated Northfair Oaks zip codes that have been adversely affected by COVID-19
Education & Youth Programs: Increasing the availability of out-of-school programs for socioeconomically disadvantaged students in San Mateo County
Grants to Nonprofits: Supporting nonprofit organizations located in San Mateo County
Scholarships: Providing scholarships to students within San Mateo County

Grantmaking

The fund provides grants and scholarships to organizations and individuals in San Mateo County.

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Geographic Focus

Where this funder awards grants

The fund focuses its grantmaking in San Mateo County, California, with specific attention to unincorporated Northfair Oaks zip codes for small business relief.

Grant Distribution by State

California $4.1M (100%)

States

Arizona California Idaho New York Oregon Virginia

Cities

AthertonBelmontBerkeleyBrisbaneBurlingameCampbellCastro ValleyCoastsideColmaConcordCupertinoDaly CityDublinEagleEast Palo AltoEl GranadaElk GroveEmerald HillsFalls ChurchFoster City

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $411,488
Total revenues: $10,510
Total expenses: $75,551
Number of employees: 0

Rating: The fund received a Three-Star rating with a score of 77%, indicating good accountability and financial practices.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$411,488	$506,529	$1,552,950
Revenue	$10,510	$640,273	$12,185,125
Expenses	$75,551	$831,694	$12,090,546
Qualifying Distributions	—	—	—
Net Investment Income	$282	$1,072	$1,316
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 1 recipients in 2024

Grant Size Distribution

186 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Thrive Alliance ($17,000).

Recipient	Purpose	Amount
THRIVE ALLIANCE REDWOOD CITY, CA	TO PROVIDE ASSISTANCE TO NONPROFITS LOCATED IN SAN MATEO COUNTY	$17,000

Leadership & Key People

Leadership team and compensation from IRS filings

Principal Officer: Wade Painter

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WADE PAINTER	PRESIDENT	1	—
VALERIE ALSIP	DIRECTOR	1	—
DAVID DIAMOND	CFO & TREASURER	1	—
SUZANNE KNOWLTON	SECRETARY	1	—

Contact Information

Address: 350 Convention Way, Redwood City, CA 94063

Phone: 650-363-1725

Website: www.monterracommunityfund.org

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What does Monterra Community Fund fund?

The fund's mission is to support the organization's commitment to financial wellness in the community. Primary focus areas include: • **Economic Development**: Providing relief to small businesses located in unincorporated Northfair Oaks zip codes that have been adversely affected by COVID-19 • **Education & Youth Programs**: Increasing the availability of out-of-school programs for socioeconomically disadvantaged students in San Mateo County • **Grants to Nonprofits**: Supporting nonprofit org…

How do I apply for a grant from Monterra Community Fund?

**Grant Activity (2024):** • Total giving: $61,968 • Total expenses: $75,551 • Typical award range: $8,255–$890,757 **Program Breakdown (2024):** • Grants to nonprofit organizations: $36,968 in expenses • Scholarships to students: $25,000 in expenses The fund provides grants and scholarships to organizations and individuals in San Mateo County.

Where does Monterra Community Fund make grants?

The fund focuses its grantmaking in San Mateo County, California, with specific attention to unincorporated Northfair Oaks zip codes for small business relief.