Redf Impact Investing Fund
Redf Impact Investing Fund (RIIF) invests in and provides capacity building expertise to employment social enterprises (ESES)--businesses that seek financial results and create jobs, stability and economic mobility for people overcoming the toughest barriers to employment, often including histories of homelessness, incarceration, substance use, domestic violence, human trafficking, or long-term disconnection from work.
Redf Impact Investing Fund at a glance
In short: Redf Impact Investing Fund gave $25K across 1 grant in 2024 (avg $25K), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $25,000
- Grants made (2024)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $15,421,001
- +39.2% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Redf Impact Investing Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Mountain Bizcapital Inc (DBA Mountain Bizworks) ($25K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $25K (2024) to $100K (2019). In 2024 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mountain Bizcapital Inc (DBA Mountain Bizworks) Asheville, NC | WNC Strong: Rebuilding Together Grant Fund | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $15,421,001 | $1,797,305 | $984,190 | $25,000 | 1 | $74,099 |
| 2023 | $11,078,374 | $1,644,969 | $657,327 | — | — | $315,565 |
| 2022 | $9,088,027 | $248,525 | $511,729 | — | — | $190,398 |
| 2021 | $4,988,499 | $120,592 | $136,003 | — | — | $119,005 |
| 2020 | $3,892,585 | $508,035 | $300,543 | — | — | $76,243 |
| 2019 | $2,316,604 | $1,320,429 | $124,594 | $100,000 | 2 | $18,772 |
About Redf Impact Investing Fund
Based on IRS filings
Redf Impact Investing Fund is a public charity focused on Community Improvement & Capacity Building, based in San Francisco, CA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $15.4M in total assets. In 2024, it awarded 1 grant totaling $25K. Net investment income was $74K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Redf Impact Investing Fund is led by Carrie McKellogg, Chief Executive Officer since 2024 (on filings since 2019); 2 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carrie McKellogg
Chief Executive Officer
CEO → Chief Executive Officer, 2024
On filings since 2019
24 hrs/week
$265K (2024)
Lewis Byrd
Chair
Board Chair → Chair, 2024
On filings since 2019
1 hr/week
No compensation reported
Peter Lippman
Chief Financial Officer
New on the 2024 filing
24 hrs/week
$225K (2024)
Stuart Davidson
Secretary
On filings since 2019
1 hr/week
No compensation reported
Cedric D. Thurman
Board Member
On filings since 2022
1 hr/week
No compensation reported
Terry Ing
Treasurer Start
Board Member → Treasurer Start, 2024
On filings since 2022
1 hr/week
No compensation reported
Phillip Estes
Treasurer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Phil Estes (2019–2023) — Treasurer
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $265K, to Carrie McKellogg (Chief Executive Officer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Redf Impact Investing Fund
How much does Redf Impact Investing Fund give each year?
Redf Impact Investing Fund gave $25K across 1 grant in 2024, according to its 2024 IRS Form 990.
How large is Redf Impact Investing Fund?
Redf Impact Investing Fund reported $15.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.8M.
What is Redf Impact Investing Fund?
Redf Impact Investing Fund is a public charity focused on Community Improvement & Capacity Building, based in San Francisco, CA. It holds $15.4M in total assets as of 2024.
Where does Redf Impact Investing Fund operate?
Redf Impact Investing Fund has awarded grants in California, North Carolina.
What is Redf Impact Investing Fund's EIN?
Redf Impact Investing Fund's EIN (Employer Identification Number) is 84-2301234. IRS Form 990 filing data is available on this page for 2019–2024.
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
- Added Form 990 for fiscal year 2019 (received by the IRS June 5, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 29, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Redf Impact Investing Fund's focus areas in our free grants database
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