Workmoney Foundation Inc
WorkMoney Foundation Inc is a public charity based in Milwaukee, Wisconsin, formed in 2022. It supports public education about financial matters and policy issues affecting people’s finances, including through grants to organizations with civic, democracy, and public-education missions.
Workmoney Foundation Inc at a glance
In short: Workmoney Foundation Inc gave $69.6M across 11 grants in 2024 (avg $6.3M), mostly in Michigan. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $69,565,000
- +529.5% vs 2023
- Grants made (2024)
- 11
- +1000.0% vs 2023
- Average grant
- $6,324,091
- -42.8% vs 2023
- Median grant
- $350,000
- Total assets
- $12,699,940
- +39.9% vs 2023
- Primary geography
- Michigan (91% 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 Workmoney Foundation Inc
- Contact
Mailing address: 790 N Milwaukee Street Ste 300, Milwaukee, WI 53202
Phone: (262) 204-7368
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Workmoney Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Workmoney Inc ($63.4M). Together the top 10 received $69.5M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 12 (25%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that 91% of grant dollars went to Michigan, 4% to New Hampshire, 4% to the District of Columbia, and less than 1% each to Pennsylvania and California. The listed grants include recipients in New Hampshire, the District of Columbia, Pennsylvania, and California, as well as the large grant to WorkMoney Inc, listed in Milwaukee, Michigan.
Grant Distribution by State
Share of 2024 grant dollars across all 11 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $11.1M (2023) to $69.6M (2024). In 2024 it made 11 grants totaling $69.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Workmoney Inc Milwaukee, MI | Various charitable project scopes that include building and operating the workmoney resource center; public education campaigns on economic matters; targeted public education campaigns to specific geographies and demographic communities. | $63,390,000 |
| North Main Street Fund Concord, NH | General Support | $3,000,000 |
| Defending Democracy Together Institute Washington, DC | General Support | $1,000,000 |
| Voting Rights Lab Washington, DC | General Support | $850,000 |
| Black Progressive Action Coalition Education Fund Washington, DC | General Support | $400,000 |
| Pushblack Washington, DC | General Support | $350,000 |
| Parentstogether Foundation Washington, DC | General Support | $250,000 |
| Culture Changing Christians Philadelphia, PA | General Support | $100,000 |
| Rock the Vote Washington, DC | General Support | $100,000 |
| Spread the Vote Los Angeles, CA | General Support | $100,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $12,699,940 | $73,465,010 | $70,919,927 | $69,565,000 | 11 |
| 2023 | $9,081,081 | $17,258,004 | $11,834,905 | $11,050,000 | 1 |
| 2022 | $3,420,000 | $3,420,000 | $1,565 | — | — |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says its mission is to help everyday Americans afford a good life and achieve economic security by helping them act in their financial self-interest through public education. Its stated activities include national campaigns, research, and public education on financial matters and policy issues; examples include helping people access and navigate government programs such as unemployment insurance and the Child Tax Credit.
In 2024, the foundation gave to organizations whose own stated missions included promoting democracy and social justice (North Main Street Fund), educating the public about democracy (Defending Democracy Together Institute), and issue education, voter education, and civic engagement in Black communities (Black Progressive Action Coalition Education Fund). Other grantees described their work as building a media network to advance Black liberation (PushBlack), providing resources and community for parents and children (ParentsTogether Foundation), building young people’s civic power (Rock the Vote), helping people obtain photo identification for voting and other needs (Spread the Vote), and motivating underrepresented Americans to vote (All Americans Vote).
Grantmaking
In filing year 2024, the foundation reported 11 grants totaling $69,565,000. Grants ranged from $25,000 to $63,390,000, with a median of $350,000. The largest grant was $63,390,000 to WorkMoney Inc for charitable project scopes that include building and operating the WorkMoney Resource Center and public education campaigns. Other notable grants were $3,000,000 to North Main Street Fund, $1,000,000 to Defending Democracy Together Institute, $850,000 to Voting Rights Lab, and $400,000 to Black Progressive Action Coalition Education Fund. The filing lists general support as the purpose for these grants other than the grant to WorkMoney Inc.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Carrie Joy Grimes as president and chief executive officer, Christina Des Vaux as treasurer, Lynn Anderson Clark as secretary, and Evan Kost as chief partnership officer.
Workmoney Foundation Inc is led by Carrie Joy Grimes, President & Chief Executive Officer on every filing since 2022; 2 of 4 officers listed in 2024 are compensated.
Officers on the 2024 filing
Carrie Joy Grimes
President & Chief Executive Officer
On filings since 2022
16 hrs/week
$102K (2023) → $104K (2024)
Evan Kost
Chief Partnership Officer
New on the 2024 filing
24 hrs/week
$156K (2024)
Christina Des Vaux
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Lynn Anderson Clark
Secretary
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 $156K, to Evan Kost (Chief Partnership Officer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Workmoney Foundation Inc
How much does Workmoney Foundation Inc give each year?
Workmoney Foundation Inc gave $69.6M across 11 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $11.1M across 1 grant.
What is Workmoney Foundation Inc's typical grant size?
Workmoney Foundation Inc's median grant in 2024 was $350,000, and its average grant was $6,324,091, across 11 grants on its 2024 IRS Form 990.
Where does Workmoney Foundation Inc give grants?
Workmoney Foundation Inc gives mostly in Michigan: 91% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Washington, DC (7 grants).
Does Workmoney Foundation Inc give general operating support?
Yes: 100% of Workmoney Foundation Inc's 2024 grants with a stated purpose (11 of 11) were for general or operating support, per its 2024 IRS Form 990.
Who are Workmoney Foundation Inc's largest grantees?
Workmoney Foundation Inc's largest 2024 grantees include Workmoney Inc ($63,390,000), North Main Street Fund ($3,000,000) and Defending Democracy Together Institute ($1,000,000), according to its 2024 IRS Form 990. Together they received 97% of its itemized 2024 grant dollars.
How large is Workmoney Foundation Inc?
Workmoney Foundation Inc reported $12.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $73.5M.
What does Workmoney Foundation Inc fund?
The foundation says its mission is to help everyday Americans afford a good life and achieve economic security by helping them act in their financial self-interest through public education. See mission & focus areas ↑
How do I apply for a grant from Workmoney Foundation Inc?
Workmoney Foundation Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Workmoney Foundation Inc's EIN?
Workmoney Foundation Inc's EIN (Employer Identification Number) is 88-1168529. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2022–2024
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Cite this profile
Grantable. (2026). Workmoney Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/workmoney-foundation-inc-morg_66b7f6fdcfab4c0eafd8aaa9e512a661
BibTeX
@misc{grantable_881168529_2026,
author = {{Grantable}},
title = {{Workmoney Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/workmoney-foundation-inc-morg_66b7f6fdcfab4c0eafd8aaa9e512a661},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Workmoney Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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