Social Capital Fund
To support the activities of its parent organization, the capital good fund.
Social Capital Fund at a glance
In short: Social Capital Fund gave $2.3M across 1 grant in 2024 (avg $2.3M), mostly in Rhode Island. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $2,335,000
- +79.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $2,335,000
- +79.6% vs 2023
- Median grant
- $2,335,000
- Total assets
- $594,331
- -69.5% vs 2023
- Primary geography
- Rhode Island (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Social Capital Fund funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was The Capital Good Fund ($2.3M).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $1–5M range: 3 grants of 4 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Social Capital Fund gives
- Giving grew 499% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $390K (2021) to $2.3M (2024). In 2024 it made 1 grant totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Capital Good Fund Providence, RI | General Support | $2,335,000 |
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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 | $594,331 | $788,908 | $2,815,683 | $2,335,000 | 1 | $27,026 |
| 2023 | $1,945,598 | $984,814 | $1,950,632 | $1,300,000 | 1 | $39,808 |
| 2022 | $2,824,110 | $577,819 | $2,981,641 | $2,300,000 | 1 | $17,619 |
| 2021 | $4,168,322 | $544,096 | $951,444 | $390,000 | 1 | $5,806 |
| 2020 | $3,089,215 | $494,500 | $466,520 | — | — | — |
| 2019 | $659,658 | $349,189 | $1,665,129 | $1,324,000 | 1 | — |
About Social Capital Fund
Based on IRS filings
Social Capital Fund is a public charity, based in Providence, RI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $594K in total assets. In 2024, it awarded 1 grant totaling $2.3M. Net investment income was $27K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Social Capital Fund is led by Andrew Posner, Chairman since 2023 (on filings since 2019); none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andrew Posner
Chairman
President → Founder & CEO, 2021
Founder & CEO → Chairman, 2023
On filings since 2019
1 hr/week
No compensation reported
Betsy Harris
Director
Board Member → Co-Chair, 2021
Co-Chair → Director, 2022
On filings since 2019
1 hr/week
No compensation reported
Libby Kimzey
Director
Board Member → Co-Chair, 2021
Co-Chair → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Arthur S. Gabinet
Secretary
On filings since 2020
1 hr/week
No compensation reported
Aisha Bussey
Chief Business Officer
On filings since 2022
1 hr/week
No compensation reported
James Mazjanis
Chief Financial Officer
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (4)
- Former: Aaron Jay Fossett (2022) — Treasurer
- Former: Jay Fossett (2021) — Treasurer
- Former: Jenn Steineld (2019–2020) — Treasurer
- Former: Ari Gabinet (2019) — Secretary
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.
Frequently asked questions about Social Capital Fund
How much does Social Capital Fund give each year?
Social Capital Fund gave $2.3M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.3M across 1 grant.
How large is Social Capital Fund?
Social Capital Fund reported $594K in total assets on its 2024 IRS Form 990. Its revenue that year was $789K.
Where does Social Capital Fund operate?
Social Capital Fund has awarded grants in Rhode Island.
What is Social Capital Fund's EIN?
Social Capital Fund's EIN (Employer Identification Number) is 47-4670143. 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
(6)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 29, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 27, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Social Capital Fund's focus areas in our free grants database
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