Social Finance Inc
Social Finance builds innovative partnerships and investments that realign systems to measurably improve lives.
Social Finance Inc at a glance
In short: Social Finance Inc gave $1.1M across 3 grants in 2024 (avg $381K), mostly in Alabama. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,142,777
- -18.1% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $380,926
- +9.2% vs 2023
- Median grant
- $417,600
- Total assets
- $194,299,108
- +22.8% vs 2023
- Primary geography
- Alabama (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Social Finance Inc
Open Grants
4 open opportunities from Social Finance Inc
Hawaiʻi Renewable Learning Fund
Social Finance Inc
Amount
Varies
Deadline
Rolling (quarterly review)
Massachusetts Career Ladder Program (CLP)
Social Finance Inc
Amount
$440 per week (pre-tax) for ~10 months
Deadline
Deadline not published
Massachusetts Climate Careers Fund
Social Finance Inc
Amount
Varies
Deadline
Rolling (quarterly review)
Who Social Finance Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Treac ($692K). Together the top 3 received $1.1M.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 6 grants of 22 (27%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Social Finance Inc gives
- Giving held roughly steady from 2021 to 2024 (−6%). 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 2020 to 2024, annual grant giving ranged from $228K (2022) to $1.4M (2020). In 2024 it made 3 grants totaling $1.1M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Treac Tuscaloosa, AL | PAVE SIB Project Outcomes Payments | $692,486 |
| Merit America Washington, DC | Google AI Startup Grant project | $417,600 |
| Unidos Washington, DC | Google AI Startup Grant project | $32,691 |
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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 | $194,299,108 | $79,102,825 | $36,403,375 | $1,142,777 | 3 | $5,575,592 |
| 2023 | $158,209,325 | $39,216,945 | $31,575,913 | $1,394,800 | 4 | $3,773,111 |
| 2022 | $153,587,163 | $73,403,817 | $23,292,911 | $228,000 | Total only | $124,327 |
| 2021 | $95,994,128 | $81,693,226 | $18,374,286 | $1,210,750 | 13 | $36,973 |
| 2020 | $30,934,940 | $15,898,059 | $15,343,537 | $1,418,475 | 2 | $118,040 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Social Finance Inc
Based on IRS filings
Social Finance Inc is a public charity focused on Human Services, based in Boston, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $194.3M in total assets. In 2024, it awarded 3 grants totaling $1.1M. Net investment income was $5.6M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Social Finance Inc is led by Tracy Palandjian, CEO & Co-Founder since 2024 (on filings since 2020); 11 of 25 officers listed in 2024 are compensated.
Officers on the 2024 filing
Tracy Palandjian
CEO & Co-Founder
CEO & Co-Founder → President & CEO, 2023
President & CEO → CEO & Co-Founder, 2024
On filings since 2020
40 hrs/week
$276K (2020) → $790K (2024)
Kirstin Hill
President & COO
On filings since 2023
40 hrs/week
$157K (2023) → $384K (2024)
Pamela Dippel Choney
Chair
Treasurer & Director → Chair, 2024
On filings since 2020
2 hrs/week
No compensation reported
Jacob Segal
Managing Director & Impact Advisor
Vice President & Impact Advisory → Managing Director, 2023
Managing Director → Managing Director & Impact Advisor, 2024
On filings since 2020
40 hrs/week
$199K (2020) → $298K (2024)
Karen Lynn Anderson
Managing Director & Sfi
On filings since 2023
40 hrs/week
$87K (2023) → $291K (2024)
Alexa Rachlin
Director
On filings since 2020
2 hrs/week
No compensation reported
Bracebridge H. Young Jr.
Director
Chairperson & Director → Director, 2024
On filings since 2020
2 hrs/week
No compensation reported
Elizabeth Lempres
Director
On filings since 2020
2 hrs/week
No compensation reported
Ian Simmons
Director
On filings since 2020
2 hrs/week
No compensation reported
Karen Dynan
Director
On filings since 2020
2 hrs/week
No compensation reported
Laura Lauder
Director
On filings since 2020
2 hrs/week
No compensation reported
Laurene Sperling
Director
On filings since 2020
2 hrs/week
No compensation reported
Sandra A. Urie
Director
On filings since 2020
2 hrs/week
No compensation reported
Edward L. Shapiro
Director
Vice Chair & Director → Director, 2024
On filings since 2021
2 hrs/week
No compensation reported
Governor Deval Patrick
Director
On filings since 2021
2 hrs/week
No compensation reported
Lauren Smith
Director
On filings since 2021
2 hrs/week
No compensation reported
Navjeet K Bal
General Counsel
Managing Director & General Counsel → General Counsel, 2024
On filings since 2020
40 hrs/week
$224K (2020) → $249K (2024)
Andrew C Chen
Vice President & Impact Investments
On filings since 2021
40 hrs/week
$184K (2021) → $239K (2024)
Jonathan S Edwards
Vice President & Impact Investments
On filings since 2021
40 hrs/week
$168K (2021) → $236K (2024)
Justin Bakule
Vice President & Impact Investments
On filings since 2022
40 hrs/week
$205K (2022) → $235K (2024)
Catherine Dun Rappaport
Vice President & Impact Investments
On filings since 2023
40 hrs/week
$221K (2023) → $235K (2024)
Stephen Gaetano Vicinelli
Vice President & Impact Investments
On filings since 2023
40 hrs/week
$222K (2023) → $237K (2024)
Leslie Cornell
General Counsel & Chief Comptroller
New on the 2024 filing
40 hrs/week
$219K (2024)
Doug Henderson
Treasurer
Director → Treasurer, 2024
On filings since 2020
2 hrs/week
No compensation reported
Nancy Zimmerman
Clerk
Clerk & Director → Clerk, 2024
On filings since 2020
2 hrs/week
No compensation reported
Former officers (12)
- Former: John Woods (2020–2024) — Chief Financial Officer · Filing note: Until 112021
- Former: Andrew Marino (2020–2023) — Director
- Former: Ronald Mourad Cohen (2020–2023) — Director
- Former: Michael Grossman (2021–2023) — Managing Director
- Former: Emily Friedman (2022–2023) — Chief Administrator Officer
- Former: Catherine Cho (2023) — Vice President & Impact Investments
- Former: Jeffrey N. Shumway (2020–2022) — Managing Director
- Former: Teresa Anne Knickman Plancher (2020–2022) — Vice President, Partnerships & Strategy
- Former: Nirav Shah (2020–2021) — Vice President & Impact Investments · Filing note: Until 92021
- Former: Jacqueline Khor Liu (2021) — Vice President & Impact Investments
- Former: Ed Shapiro (2020) — Vice Chair & Director
- Former: Rashmi Khare (2020) — Vice President & Social Investment
Data from IRS Form 990 filings, 2020–2024. "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 $790K, to Tracy Palandjian (CEO & Co-Founder). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Social Finance Inc
How much does Social Finance Inc give each year?
Social Finance Inc gave $1.1M across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.4M across 4 grants.
What is Social Finance Inc's typical grant size?
Social Finance Inc's median grant in 2024 was $417,600, and its average grant was $380,926, across 3 grants on its 2024 IRS Form 990.
Where does Social Finance Inc give grants?
Social Finance Inc gives mostly in Alabama: 61% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The next largest state was District of Columbia (39%). The most frequent recipient cities were Washington, DC (2 grants).
Does Social Finance Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Social Finance Inc's 2024 IRS Form 990 were described as general or operating support.
How large is Social Finance Inc?
Social Finance Inc reported $194.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $79.1M.
What is Social Finance Inc?
Social Finance Inc is a public charity focused on Human Services, based in Boston, MA. It holds $194.3M in total assets as of 2024.
What is Social Finance Inc's EIN?
Social Finance Inc's EIN (Employer Identification Number) is 27-4620963. IRS Form 990 filing data is available on this page for 2020–2024.
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
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Social Finance Inc's focus areas in our free grants database
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Social Finance Inc down — hundreds of funders to go?