The 85 Fund is a 501(c)(3) public charity based in Fort Worth, Texas, established in 2011. The organization was formerly known as the Judicial Education Project (JEP) before being rebranded in early 2020. It operates as an advocacy and grantmaking organization focused on constitutional and legal issues.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
-29.0% YoY
Annual Giving
$118.2M
+16.6% YoY
Grant Count
39
+2.6% YoY
Avg Grant Size
$3.0M
+13.6% YoY
Mission & Focus Areas
Mission Statement: To educate the public and support activities that highlight the relationship between structural limits on government power and the protection of our dignity and our freedoms.
Primary Focus Areas: The organization makes grants and undertakes activities to educate the public about:
- Constitutionalism and limited government
- Religious liberty
- The role of the courts
- Education policies
- Election reforms
- Human rights and social justice
- Social science and humanities
Grantmaking
The 85 Fund is an active grantmaker with significant annual giving. Based on recent filings, typical grant awards range from $6,000 to $92,050,000. The organization's grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic concentration in the District of Columbia, Virginia, and New York.
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Geographic Focus
Where this funder awards grants
The organization's grantmaking is primarily concentrated in:
- District of Columbia
- Virginia
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets (2024): $2,754,902
- Total assets (2022): $10,278,564
- Total assets (2021): $6,212,890
- Total revenue (2024): $169,000,000
- Total revenue (2022): $134,753,000
- Total expenses (2024): $170,000,000
- Total expenses (2022): $138,818,674
- Total liabilities (2024): $0
Tax Status:
- EIN: 20-2466871
- Tax-exempt since November 2011
- Designated as 501(c)(3)
Charity Navigator Rating:
- Two-Star rating (61% overall score)
- Rating based on Accountability & Finance metrics
- Noted concerns regarding governance structure and financial transparency
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,754,902 | $3,879,307 | $6,212,890 |
| Revenue | $168,530,018 | $143,050,000 | $134,753,000 |
| Expenses | $169,654,423 | $145,383,583 | $138,818,674 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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 10 recipients in 2024
Grant Size Distribution
188 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
Key Personnel:
- Todd Graves (listed in leadership capacity)
- Carrie Severino (compensation of $220,000 reported in 2021)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ormal Skinner | Counsel | 40 | $308,333 |
| Jason Snead | Counsel | 40 | $264,600 |
| Chad Ennis | Counsel | 40 | $222,853 |
| Carrie Severino | Director, Secretary | 30 | $215,952 |
| Ann Corkery | Counsel | 20 | $212,360 |
| Jacqueline Doyer | Counsel | 40 | $173,270 |
| Gary Marx | Director, Treasurer | 5 | — |
| Todd Graves | Director, Chairman | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The organization reported conflict of interest transactions in its most recent tax filing. The 85 Fund maintains strong conflict of interest and whistleblower policies, though it has been noted that the organization does not provide certain financial documents on its website, such as tax forms and audit reports.
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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