To serve the Warfighter community by providing programs and services that foster the physical, mental, emotional, and spiritual independence of our service members, combat Veterans, their Caregivers, families and Allies who served alongside them in combat.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.9M
-49.1% YoY
Annual Giving
$111K
Grant Count
5
Avg Grant Size
$22K
About The Independence Fund Inc
Based on IRS filings
The Independence Fund Inc is a nonprofit organization focused on Public, Societal Benefit, based in CHARLOTTE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 5 grants totaling $111K. Net investment income was $52K.
Focus Areas
Ready to take the next step with The Independence Fund Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,870,763 | $7,609,215 | $7,812,789 |
| Revenue | $6,146,293 | $12,475,650 | $8,567,110 |
| Expenses | $9,763,455 | $13,307,657 | $8,100,266 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $52,419 | $819,755 | $182,262 |
| 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 5 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fallen Hero Fund ($61,234), 82nd Airborne Division Association ($15,000), American Freedom Fund ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 82nd Airborne Division Association Fayetteville, NC | Sponsorship | $15,000 |
| American Freedom Fund Washington, DC | Sponsorship | $15,000 |
| CA Narcotic Officers' Assoc Valencia, CA | Sponsorship | $10,000 |
| Women in Military Service for America Memorial Foundation Arlington, VA | Sponsorship | $10,000 |
| Fallen Hero Fund Loxahatchee, FL | Veteran Support | $61,234 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sarah Verado | CEO | 40 | $297,581 |
| Clark Pennington | COO | 40 | $204,495 |
| Dena Lecompt | CFO | 40 | $119,958 |
| Malgorzata Reazka | Chief of Engagements | 40 | $101,808 |
| John Bauer | Chief Strategist | 40 | $52,071 |
| Grant Campbell | Chair | 10 | — |
| Jennifer Korn | Director | 10 | — |
| Alea Nadeem | Secretary | 10 | — |
| Cheryl Mason | Director | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Independence Fund Inc?
The Independence Fund Inc is a nonprofit organization focused on Public, Societal Benefit, based in CHARLOTTE, NC. It holds $3.9M in total assets as of 2024.
How large is The Independence Fund Inc?
As of 2024, The Independence Fund Inc holds $3.9M in total assets with $6.1M in annual revenue. It awarded 5 grants totaling $111K in 2024.
Where does The Independence Fund Inc operate?
The Independence Fund Inc has awarded grants in California, District of Columbia, Florida, North Carolina, Virginia.
What size grants does The Independence Fund Inc award?
In 2024, The Independence Fund Inc awarded 5 grants totaling $111K — an average of about $22K per grant, based on its IRS Form 990 filings.
What is The Independence Fund Inc's EIN?
The Independence Fund Inc's EIN (Employer Identification Number) is 26-0322088. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Independence Fund Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Hillbrook Gkp Iii Foundation Inc
GREENSBORO, NC
Assets
$32K
Grants
1
Total Given
$2K
Rotary Club of Salisbury Charities
SALISBURY, NC
Assets
$39K
Grants
1
Total Given
$50K
Ihope Foundation
GREENSBORO, NC
Assets
$10K
Grants
1
Total Given
$20K
Flow Foundation Inc
WINSTONSALEM, NC
Assets
$395K
Grants
53
Total Given
$1.5M
Orange County Partnership for Young
HILLSBOROUGH, NC
Assets
$477K
Grants
18
Total Given
$2.1M
North Carolina Baptist Hospital
WINSTONSALEM, NC
Assets
$2.8B
Grants
17
Total Given
$634K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Independence Fund Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Independence Fund Inc to a real strategy.