THE BASIC FUND IS A PRIVATELY FUNDED PROGRAM WHOSE MISSION IS TO ADVANCE EDUCATIONAL EQUITY FOR LOW-INCOME FAMILIES BY HELPING OFFSET THE COST OF TUITION AT PRIVATE SCHOOLS IN THE BAY AREA.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.9M
-5.5% YoY
Annual Giving
$7.4M
Grant Count
1
Avg Grant Size
$7.4M
About The Basic Fund
Based on IRS filings
The Basic Fund is a nonprofit organization focused on Education, based in OAKLAND, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.9M in total assets. In 2024, it awarded 1 grants totaling $7.4M. Net investment income was $706K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,853,396 | $23,129,936 | $23,502,708 |
| Revenue | $15,579,251 | $8,573,960 | $9,421,973 |
| Expenses | $17,216,390 | $9,630,729 | $9,556,741 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $705,780 | $537,581 | $49,841 |
| 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
1 grants across all recorded years
Open Grants
1 open opportunity from The Basic Fund
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Basic Fund Scholarship Foundation ($7,428,798).
| Recipient | Purpose | Amount |
|---|---|---|
| THE BASIC FUND SCHOLARSHIP FOUNDATION OAKLAND, CA | GENERAL SUPPORT | $7,428,798 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RACHEL ELGINSMITH | CHIEF EXECUTIVE OFFICER | 50 | $194,800 |
| CHRISTINE WEISS | CHIEF ADVANCEMENT OFFICER | 50 | $136,003 |
| JAMES H HERBERT II | CHAIRMAN | 1 | — |
| BRIAN GRIGGS | PRESIDENT | 1 | — |
| JOHN COUCH | VICE PRESIDENT | 1 | — |
| JEREMY PETERS | TREASURER | 1 | — |
| JANISHA SABNANI | DEPUTY GENERAL COUNSEL | 1 | — |
| RICHARD C BARKER | DIRECTOR | 1 | — |
| LAUREL BROWMAN | DIRECTOR | 1 | — |
| CRYSTAL BRYANT | DIRECTOR | 1 | — |
| JEFFREY G EDWARDS | DIRECTOR | 1 | — |
| JONO GRAYSON | DIRECTOR | 1 | — |
| JURGEN HUCK | DIRECTOR | 1 | — |
| RUPERT H JOHNSON JR | DIRECTOR | 1 | — |
| JOHN C KERN JR | DIRECTOR | 1 | — |
| JOHN E KERRIGAN JR | DIRECTOR | 1 | — |
| TED KRUTTSCHNITT | DIRECTOR | 1 | — |
| RONNIE LOTT | DIRECTOR | 1 | — |
| MARISSA MAR | DIRECTOR | 1 | — |
| MICHAEL MCCARTHY | DIRECTOR | 1 | — |
| TIM RANZETTA | DIRECTOR | 1 | — |
| WILLIAM T RING | DIRECTOR | 1 | — |
| MARTIN ROMO | DIRECTOR | 1 | — |
| ERIC A SCHWARTZ | DIRECTOR | 1 | — |
| WARREN E SPIEKER JR | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Basic Fund?
The Basic Fund is a nonprofit organization focused on Education, based in OAKLAND, CA. It holds $21.9M in total assets as of 2024.
How large is The Basic Fund?
As of 2024, The Basic Fund holds $21.9M in total assets with $15.6M in annual revenue. It awarded 1 grants totaling $7.4M in 2024.
Where does The Basic Fund operate?
The Basic Fund has awarded grants in California.
What size grants does The Basic Fund award?
In 2024, The Basic Fund awarded 1 grants totaling $7.4M — an average of about $7.4M per grant, based on its IRS Form 990 filings.
What is The Basic Fund's EIN?
The Basic Fund's EIN (Employer Identification Number) is 94-3290699. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Basic Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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