Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
Democracy Fund Inc
 
Number and street (or P.O. box number if mail is not delivered to street address)1200 17th St NW Ste 300
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Washington, DC20036
A Employer identification number

38-3926408
B Telephone number (see instructions)

(202) 420-7943
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$25,641,140J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 2,515,339 2,515,339 2,515,339
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10  
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 2,515,339 2,515,339 2,515,339
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,086,349 0 0 1,086,349
14 Other employee salaries and wages...... 10,185,234 0 0 10,185,234
15 Pension plans, employee benefits....... 2,113,666 0 0 2,113,666
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
295,127 0 0 295,127
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
142,732 0 0 142,733
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
4,331,294 0 0 4,331,294
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
813,471 0 0 1,733,700
19 Depreciation (attach schedule) and depletion... 144,977 0 0
20 Occupancy.............. 1,765,104 0 0 1,765,104
21 Travel, conferences, and meetings....... 663,950 0 0 663,950
22 Printing and publications.......... 2,624 0 0 2,624
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,295,096 722 722 1,147,660
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 22,839,624 722 722 23,467,441
25 Contributions, gifts, grants paid....... 77,161,421 48,237,410
26 Total expenses and disbursements. Add lines 24 and 25 100,001,045 722 722 71,704,851
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -97,485,706
b Net investment income (if negative, enter -0-) 2,514,617
c Adjusted net income (if negative, enter -0-)... 2,514,617
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 87,072,214 18,252,113 18,252,113
2 Savings and temporary cash investments.........      
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 327,649 297,131 297,131
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,622,306
Less: accumulated depreciation (attach schedule) right arrow1,041,547 742,186 580,759 580,759
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,849,869 		Click to see attachment
List of Attached Documents:
// Content
6,511,137 		Click to see attachment
List of Attached Documents:
// Content
6,511,137
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 95,991,918 25,641,140 25,641,140
Liabilities 17 Accounts payable and accrued expenses.......... 3,228,306 3,439,011
18 Grants payable................. 5,515,000 34,439,011
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
7,998,495 		Click to see attachment
List of Attached Documents:
// Content
5,998,707
23 Total liabilities (add lines 17 through 22)......... 16,741,801 43,876,729
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 11,063,007 -18,235,589
25 Net assets with donor restrictions............ 68,187,110 0
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 79,250,117 -18,235,589
30 Total liabilities and net assets/fund balances (see instructions). 95,991,918 25,641,140
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
79,250,117
2
Enter amount from Part I, line 27a .....................
2
-97,485,706
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
-18,235,589
5
Decreases not included in line 2 (itemize) right arrow
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
-18,235,589
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 34,953
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 34,953
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 34,953
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 32,873
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 32,873
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 2,080
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowDC, DE, CA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowwww.democracyfund.org
14
The books are in care ofright arrowRobin Thompson Telephone no.right arrow (202) 420-7943

Located atright arrow1200 17th St NW Ste 300WashingtonDC ZIP+4right arrow20036
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
Yes
 
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
Yes
 
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
Patricia Christen Chairman
2.15 		0 0 0
720 University Ave Ste 110
Los Gatos,CA95032
Joseph Goldman President & CEO
32.00 		522,413 54,505 0
1200 17th St NW Ste 300
Washington,DC20036
Sarah Steven through October Director
1.83 		0 0 0
720 University Ave Ste 110
Los Gatos,CA95032
Deepa Isac General Counsel & Secretary
36.00 		293,523 37,019 0
1200 17th St NW Ste 300
Washington,DC20036
Robin Thompson Treasurer & Senior Director of Finance
36.00 		230,413 32,562 0
1200 17th St NW Ste 300
Washington,DC20036
Danielle Allen as of March Director
0.25 		20,000 0 0
1200 17th St NW Ste 300
Washington,DC20036
Crystal Hayling as of March Director
0.25 		0 0 0
1200 17th St NW Ste 300
Washington,DC20036
K Sabeel Rahman as of March Director
0.25 		20,000 0 0
1200 17th St NW Ste 300
Washington,DC20036
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
Laura Chambers Chief Operating Offi
36.00 		394,762 45,101 0
1200 17th St NW Ste 300
Washington,DC20036
Thomas Glaisyer Managing Program Dir
32.00 		304,319 38,897 0
1200 17th St NW Ste 300
Washington,DC20036
Lara Flint Managing Program Dir
34.00 		302,322 38,515 0
1200 17th St NW Ste 300
Washington,DC20036
Kelly Reed Deputy Chief Operati
36.00 		277,597 34,955 0
1200 17th St NW Ste 300
Washington,DC20036
Lauren Strayer Managing Communicati
35.00 		280,730 31,740 0
1200 17th St NW Ste 300
Washington,DC20036
Total number of other employees paid over $50,000...................right arrow 69
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
Arabella Advisors LLC Consulting 678,750
1828 L Street NW Ste 300
Washington,DC20036
Freedman Consulting LLC Consulting 310,000
1300 Connecticut Ave NW Ste 275
Washington,DC20036
Mission Partners LLC Consulting 305,075
PO Box 1400
Rockville,MD20849
Third Plateau Social Impact Strategies Consulting 265,000
127 University Ave
Berkeley,CA94710
Bold Ventures Consulting 228,211
3223 Arapahoe Ave Ste 210
Boulder,CO80303
Total number of others receiving over $50,000 for professional services.............right arrow21
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 Free and Fair ElectionsVoting is the single most significant way Americans exercise our political power. Every eligible citizen should have an equal opportunity to participate in elections that are free and fair, as well as efficient and secure. Implementing accessible and trustworthy elections is an immense undertaking, but the American election system is also challenged by persistent barriers to voting for historically excluded communities and beset by unprecedented new threats. Our Elections program works toward a strong and modern voting system that increases voter confidence and engagement. 2,013,795
2 Vibrant and Diverse Public SquareNo matter where they live or who they are, Americans should be able to get the news and information they need to engage in civic life and to use their voices without fear of being harassed or silenced. The rapidly evolving media landscape presents new challenges and opportunities for our communities. Our Public Square program responds by supporting trustworthy local news and investigative reporting, more equitable newsrooms, press freedom, community engagement, and digital spaces that advance democracy, not hate. 2,502,477
3 Effective, Representative, and Accountable GovernanceAmerican democracy depends on a government that represents the interests of the people in all of our diversity - one that is prepared to act on its behalf and that is held accountable when it does not. However, extreme polarization limits our ability to achieve shared priorities. Partisan politics and significant institutional decline have led to government dysfunction and gridlock. Our Governance program promotes the principled leadership and strong institutions our governing system needs to act in the interests of the American people. 1,644,836
4 Just & Inclusive SocietyPolitical and climate crises are forcing people to relocate, with communities of color disproportionately affected. The Just and Inclusive Society program works to ensure migrant and refugee communities in the United States have the resources to build and lead a powerful, diverse movement that protects their rights and addresses global threats. 1,165,368
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
0
b
Average of monthly cash balances.......................
1b
64,277,324
c
Fair market value of all other assets (see instructions)................
1c
7,389,027
d
Total (add lines 1a, b, and c).........................
1d
71,666,351
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
71,666,351
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
1,074,995
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
70,591,356
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
3,529,568
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
 
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
71,704,851
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
71,704,851
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$  
a Applied to 2022, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
2,514,617 398,944 10,471 526,566 3,450,598
b 85% (0.85) of line 2a ......... 2,137,424 339,102 8,900 447,581 2,933,008
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		71,704,851 65,342,744 57,883,092 70,223,625 265,154,312
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		48,237,410 44,930,118 40,055,610 49,238,328 182,461,466
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		23,467,441 20,412,626 17,827,482 20,985,297 82,692,846
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		2,353,045 2,307,072 2,136,813 2,095,735 8,892,665
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ACCESS

2651 Saulino Court
Dearborn,MI48120 		N/A PC Program support for the National Network for Arab American Communities 150,000

AccountableUS

1919 M Street NW Ste 450
Washington,DC20036 		N/A PC General support 150,000

Action Center on Race and the Economy Institute

1901 West Carroll Avenue
Chicago,IL60612 		N/A PC General support 400,000

Allied Media Projects Inc

4731 Grand River Avenue
Detroit,MI48208 		N/A PC Program support for Detroit Community Tech Project 300,000

Allied Media Projects Inc

4731 Grand River Avenue
Detroit,MI48208 		N/A PC Program support for Detroit Narrative Agency 100,000

Alternative Newsweekly Foundation

253 Tennessee Avenue NE
Washington,DC20002 		N/A PC Program support for Conecta Arizona 150,000

American Impact Capital Foundation Inc

10 Violet Lane
Westport,CT06880 		N/A PC Program support for Our Body Politic 150,000

American Oversight Inc

1030 15th Street NW Ste B255
Washington,DC20005 		N/A PC General support 250,000

Anita Borg Institute for Women and Technology

1650 South Amphlett Blvd Ste 110
San Mateo,CA94402 		N/A PC Program support for the United States of Technologists project 100,000

Asian Americans Advancing Justice - Asian Law Caucus

55 Columbus Avenue
San Francisco,CA94111 		N/A PC General support 300,000

Association of the Bar of the City of New York Fund Inc

42 West 44th Street
New York,NY10036 		N/A PC Program support for Lawyers for Reporters 50,000

Asylum Seeker Advocacy Project Inc

228 Park Avenue South 84810
New York City,NY10003 		N/A PC General support 125,000

Ayni Institute Inc

19 Meridian Street Ste 1
East Boston,MA02128 		N/A PC General support 300,000

Baltimore Beat Inc

1400 Greenmount Avenue P01
Baltimore,MD21202 		N/A PC General support 150,000

Bend the Arc A Jewish Partnership for Justice

330 Seventh Avenue 19th Floor
New York,NY10001 		N/A PC Program support for Funders' Collaborative on Youth Organizing 300,000

Bold Impact

15250 Chincoteague Court
Woodbridge,VA22193 		N/A PC General support 300,000

Borealis Philanthropy

225 South 6th Street Ste 3900
Minneapolis,MN55402 		N/A PC Program support for the Racial Equity in Journalism Fund 1,175,000

Business Forward Foundation

655 15th Street NW Ste 580
Washington,DC20005 		N/A PC General support 100,000

Campaign For Accountability Inc

660 Pennsylvania Avenue SE Ste 303
Washington,DC20003 		N/A PC General support 100,000

Carnegie Endowment for International Peace

1779 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support for research on climate migration 100,000

Center for American Progress

1333 H Street NW Ste 100E
Washington,DC20005 		N/A PC Program support for the Democracy and Elections Program 150,000

Center for Christianity and Public Life

5730 Cottonworth Avenue Ste 10417
Baltimore,MD21209 		N/A PC General support 100,000

Center for Civic Design

5443 Tates Bank Road
Cambridge,MD21613 		N/A PC General support 150,000

Center for Community Change

1536 U Street NW
Washington,DC20009 		N/A PC Program support for the Our Victory Story narrative project 80,000

Center for Community Change

1536 U Street NW
Washington,DC20009 		N/A PC Program support to respond to increased demand for services due to the migrant bussing crisis 100,000

Center for Empowered Politics Education Fund

1212 Broadway Ste 700
Oakland,CA94612 		N/A PC General support 100,000

Center for Media Justice

1300 Clay Street Ste 600
Oakland,CA94612 		N/A PC General support 450,000

Center for Technology and Civic Life

303 E Wacker Drive Ste 2106
Chicago,IL60601 		N/A PC General support 200,000

Charlottesville Tomorrow

1215 East Market Street
Charlottesville,VA22902 		N/A PC General support 150,000

Check My Ads Institute

1802 Vernon Street NW PMB 500
Washington,DC20009 		N/A PC General support 450,000

Chinese Progressive Association

1042 Grant Avenue
San Francisco,CA94133 		N/A PC Program support for Grassroots Asians Rising 235,100

Church World Service Inc

28606 Phillips Street
Elkhart,IN46515 		N/A PC Program support for leadership development within refugee communities 200,000

Citizens for Responsibility and Ethics in Washington Inc

1331 F Street NW Ste 900
Washington,DC20004 		N/A PC General support 200,000

City Bureau NFP

3619 South State Street Ste 400
Chicago,IL60609 		N/A PC General support 150,000

City Bureau NFP

3619 South State Street Ste 400
Chicago,IL60609 		N/A PC Program support for the Future of Local News program 125,000

CivicTN

5016 Centennial Boulevard Ste 200
Nashville,TN37209 		N/A PC General support 200,000

Common Cause Education Fund

805 15th Street NW Ste 800
Washington,DC20005 		N/A PC General support 300,000

Common Cause Education Fund

805 15th Street NW Ste 800
Washington,DC20005 		N/A PC Program support for the Media and Democracy program 25,000

Community Foundation for Southern Arizona

5049 East Broadway Ste 201
Tucson,AZ85711 		N/A PC Program support for the Local Journalism Initiative of Southern Arizona 100,000

Community Partners

1000 North Alameda Street Ste 240
Los Angeles,CA90012 		N/A PC Program support for Open News 200,000

Constitutional Accountability Center

1200 18th Street NW Ste 501
Washington,DC20036 		N/A PC General support 200,000

Defending Democracy Together Institute

1100 Vermont Ave NW Floor 10
Washington,DC20005 		N/A PC Program support for the Pillars of the Community project 250,000

Democracy 21 Education Fund

2000 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support for the Democracy Legal Strike Force project 350,000

Democracy Forward Foundation

1445 New York Avenue NW 6th FL
Washington,DC20005 		N/A PC General support 325,000

Democracy North Carolina

3000 Aerial Center Parkway Ste 160
Morrisville,NC27560 		N/A PC General support 100,000

Democracy Works Inc

20 Jay Street Ste 410
Brooklyn,NY11201 		N/A PC General support 300,000

Democracy A Journal of Ideas Inc

818 18th Street NW Ste 750
Washington,DC20006 		N/A PC Program support for a symposium on proportional representation 50,000

Democratizing Philanthropy Project

344 20th Street Ste 260F
Oakland,CA94612 		N/A PC Program support to help underfunded nonprofits build small dollar revenue streams 200,000

Documented Ltd

85 Broad Street 12th Floor
New York,NY10004 		N/A PC General support 150,000

Duke University

2200 West Main Street Ste 710
Durham,NC27705 		N/A PC Program support for DeWitt Wallace Center to develop the Journalism Ecosystem Model 120,000

Election Center

21946 Royal Montreal Drive
Katy,TX77450 		N/A PC Program support for electionline.org 150,000

FairVote

6930 Carroll Avenue Ste 240
Takoma Park,MD20912 		N/A PC General support 150,000

Faith in Action Network

1616 P Street NW Ste 300
Washington,DC20036 		N/A PC General support 250,000

Faith in Public Life Inc

1990 M Street NW 740
Washington,DC20036 		N/A PC General support 125,000

Faith Matters Network Collaborative

100 Powell Place 1580
Nashville,TN37204 		N/A PC General support 100,000

Fight for the Future Education Fund

68 Harrison Avenue 605 PMB 95005
Boston,MA02111 		N/A PC General support 150,000

Foundation for City College

160 Convent Ave Room 154
New York,NY10031 		N/A PC Program support for the Leadership for Democracy and Social Justice institute 100,000

Foundation for City College

160 Convent Avenue Room 154
New York,NY10031 		N/A PC Program support for the Leadership Center for Democracy and Social Justice 100,000

Foundation for Minority Interests In Media Inc

30 Rockefeller Plaza 1221 28A42
New York,NY10112 		N/A PC General support 250,000

Free Press

1025 Connecticut Ave NW Ste 1110
Washington,DC20036 		N/A PC General support 700,000

Free Press

1025 Connecticut Ave NW Ste 1110
Washington,DC20036 		N/A PC Program support for Media 2070 350,000

George Washington University

1922 F Street NW 4th Floor
Washington,DC20052 		N/A PC Program support for the Multiracial Democracy Project 300,000

Georgetown University

3700 O Street NW
Washington,DC20057 		N/A PC Program support for Georgetown Democracy, Education + Service project 110,000

Georgetown University

3700 O Street NW
Washington,DC20057 		N/A PC Program support for the Institute for Constitutional Advocacy and Protection 500,000

Georgetown University

3700 O Street NW
Washington,DC20057 		N/A PC Program support for Initiative on Catholic Social Thought and Public Life 100,000

Global Impact

1199 North Fairfax Street Ste 300
Alexandria,VA22314 		N/A PC Program support for The 65 Project 200,000

Government Accountability Project Inc

1612 K Street NW Ste 1100
Washington,DC20006 		N/A PC General support 175,000

Granite State News Collaborative

268 Mast Road
Durham,NH03824 		N/A PC Program support to build a robust and sustainable journalism ecosystem in New Hampshire 100,000

Hope CommUnity Center Inc

1016 North Park Avenue
Apopka,FL32712 		N/A PC General support 250,000

Hopewell Fund

1828 L Street NW Ste 300D
Washington,DC20036 		N/A PC Program support for Over Zero 100,000

Human Rights First

75 Broad Street 31st Floor
New York City,NY10004 		N/A PC Program support for Veterans for American Ideals 150,000

Independence Public Media of Philadelphia

1800 JFK Boulevard Ste 300
Philadelphia,PA19103 		N/A PF Program support for the Internet for All program 147,000

Independent Arts & Media

2830 20th Street Ste 201
San Francisco,CA94110 		N/A PC Program support for El Timpano 150,000

Informing Democracy Education Fund

PO Box 429
Groton,CT06340 		N/A PC General support 250,000

Inland Empire Community Foundation

3700 Sixth Street Ste 200
Riverside,CA92501 		N/A PC Program support for Inland Empire Journalism Hub 100,000

Inner-City Muslim Action Network

2744 West 63rd Street
Chicago,IL60629 		N/A PC General support 200,000

Institute for Local Self Reliance Inc

2720 East 22nd Street
Minneapolis,MN55406 		N/A PC Program support for Tribal Broadband Bootcamp 150,000

Institute for Nonprofit News

8549 Wilshire Boulevard 2294
Beverly Hills,CA90211 		N/A PC General support 300,000

Institute for Social Policy and Understanding

3200 Greenfield Road Ste 300
Dearborn,MI48120 		N/A PC General support 125,000

Instituto Lab LLC

221 East Indianola Avenue
Phoenix,AZ85012 		N/A PC General support 150,000

International Refugee Assistance Project Inc

One Battery Park Plaza 33rd Floor
New York,NY10004 		N/A PC Program support to create better refugee and asylum processesin the United States 100,000

International Women's Media Foundation

2002 Massachusetts Ave NW Ste 1
Washington,DC20036 		N/A PC General support 200,000

Joint Center for Political and Economic Studies Inc

633 Pennsylvania Avenue NW 6th FL
Washington,DC20004 		N/A PC General support 200,000

Journalism Funding Partners

1731 Howe Avenue 242
Sacramento,CA95825 		N/A PC Program support for URL Media 200,000

JustFundUs

490 43rd Street Unit 213
Oakland,CA94609 		N/A PC Program support to increase equity and efficiency in grantmaking processes 890,000

Kairos Fellowship Inc

228 Park Avenue S PMB 96841
New York,NY10003 		N/A PC General support 600,000

Keep Our Republic Charitable Fund

120 Waterfront Street Ste 420
Oxon Hill,MD20745 		N/A PC General support 150,000

Latino Community Fund Inc

PO Box 3299
Decatur,GA30031 		N/A PC General support 95,000

Lawyers' Committee for Civil Rights Under Law

1500 K Street NW Ste 900
Washington,DC20005 		N/A PC General support 900,000

Leadership Conference Education Fund Inc

1620 L Street NW Ste 1100
Washington,DC20036 		N/A PC General support 25,000

League of Women Voters Education Fund

1233 20th Street NW Ste 500
Washington,DC20036 		N/A PC Program support to build a stronger network of 501(c)(3) Leagues 300,000

Local Independent Online News Publishers Inc

4023 Kennett Pike Ste 50019
Wilmington,DE19807 		N/A PC General support 200,000

Marshall-Wythe School of Law Foundation

613 S Henry Street
Williamsburg,VA23185 		N/A PC Program support for eBenchbook and Alliance of Students at the Polls 150,000

Massachusetts Institute of Technology

30 Wadsworth Street Room 470
Cambridge,MA02142 		N/A PC Program support for the Election Data and Science Lab 300,000

Mi Familia Vota Education Fund

3030 N Central Avenue Ste 900
Phoenix,AZ85012 		N/A PC Program support to increase public trust in election administration offices 125,000

Millions of Conversations Inc

901 Woodland Street 03-104
Nashville,TN37206 		N/A PC General support 150,000

Montclair State University Foundation Inc

1 Normal Avenue
Montclair,NJ07043 		N/A PC Project support for Center for Cooperative Media 300,000

Morgan State University Foundation Incorporated

1700 East Cold Spring Lane BSSC 355
Baltimore,MD21251 		N/A PC Project support for Center for Urban Journalism 100,000

Movement Alliance Project

924 Cherry Street 5th floor
Philadelphia,PA19107 		N/A PC Program support for People's Tech Project 200,000

Multicultural Media & Correspondents Association

1629 K Street NW Ste 300
Washington,DC20006 		N/A PC General support 375,000

NALEO Educational Fund

1000 Corporate Center Drive Ste 310
Monterey Park,CA91754 		N/A PC Program support for Staff Up Congress 100,000

National Black Tech Ecosystem Association

3409 Fairmeade Drive
Nashville,TN37218 		N/A PC General support 125,000

National Immigration Law Center

3450 Wilshire Boulevard 108-62
Los Angeles,CA90010 		N/A PC General support 100,000

National Partnership for New Americans

1805 South Ashland Avenue
Chicago,IL60608 		N/A PC Program support for the Climate Justice Collaborative 100,000

National Partnership for New Americans

1805 South Ashland Avenue
Chicago,IL60608 		N/A PC Program support for We Are All America 100,000

National Security Archive Fund Inc

2130 H Street NW Ste 701
Washington,DC20052 		N/A PC General support 100,000

Native American Journalists Association

395 West Lindsey Street
Norman,OK73019 		N/A PC Program support for professional development for leaders of journalism affinity groups 100,000

Native American Journalists Association

395 West Lindsey Street
Norman,OK73019 		N/A PC General support 100,000

Neighborly Faith Inc

4113 Pleasant Grove Church Road
Raleigh,NC27613 		N/A PC General support 100,000

NEO Philanthropy Inc

1001 Ave of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Law For Black Lives 150,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program Support for Movement Law Lab 200,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for North Carolina Local News Lab Fund 375,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Ecosystems Builder's Fund 200,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Democracy Rising 150,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Youth Engagement Fund 150,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Democracy 2076 100,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for BRIDGE Infrastructure Fund 150,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for Black Migrant Power Fund 275,000

NEO Philanthropy Inc

1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for State Infrastructure Fund 250,000

New America Foundation

740 15th Street NW Ste 900
Washington,DC20005 		N/A PC Program support for the Political Reform program 150,000

New American Leaders Inc

530 7th Avenue Floor M1
New York,NY10018 		N/A PC General support 100,000

New Jersey Civic Information Consortium

1 Normal Avenue SCM Ste 2109
Montclair,NJ07043 		N/A SO I General support 100,000

New Mexico Community Foundation

110 North Guadalupe Street Ste 6
Santa Fe,NM87501 		N/A PC Program support for Generation Justice 100,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Tech Talent Project 275,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Independent Strategic Research Collaborative Education Fund 200,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Institute for Responsive Government 100,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's Digital Equity and Opportunity Initiative 475,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Trusted Elections Fund 1,500,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's NetGain Partnership 184,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Narrative Initiative 200,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Social and Economic Justice Leaders Group 513,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Local Solutions Support Center 200,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for The Horizons Project's research on authoritarianism in the United States 100,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's Disinformation Defense League 25,000

New Venture Fund

1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program Support for 100% Democracy 125,000

New York University

25 West 4th Street 4th Floor
New York,NY10012 		N/A PC Program support for Cybersecurity for Democracy 200,000

New York University

25 West 4th Street 4th Floor
New York,NY10012 		N/A PC Project support for NYU Center for Critical Race and Digital Studies 200,000

News Revenue Hub Inc

6322 Lake Shore Drive
San Diego,CA92119 		N/A PC General support 100,000

Oficina Legal Del Pueblo Unido Inc dba Texas Civil Rights Project

1405 Montopolis Drive
Austin,TX78741 		N/A PC General support 150,000

Oklahoma Media Center

100 West Main Street
Oklahoma City,OK73102 		N/A PC General support 50,000

One America Movement

4450 Mitchellville Road 1021
Bowie,MD20716 		N/A PC General support 85,000

Online News Association

1111 North Capitol Street NE 2nd FL
Washington,DC20002 		N/A PC General support 200,000

Online News Association

1111 North Capitol Street NE 2nd FL
Washington,DC20002 		N/A PC Program support for The Pivot Fund 200,000

OpenSecrets

1100 13th Street NW Ste 800
Washington,DC20005 		N/A PC General support 175,000

Outlier Media

440 Burroughs Street Ste 365
Detroit,MI48202 		N/A PC General support 150,000

Panorama Global

2101 4th Avenue Ste 2100
Seattle,WA98121 		N/A PC Program support for Women's Democracy Lab 115,000

Participatory Budgeting Project Inc

594 Dean Street
Brooklyn,NY11238 		N/A PC General support 100,000

Partnership for Large Election Jurisdictions Inc

303 E Wacker Drive Ste 2106
Chicago,IL60601 		N/A PC General support 150,000

Partnership for Public Service Inc

600 14th Street NW Ste 600
Washington,DC20005 		N/A PC General support 450,000

People's Action Institute

1130 N Milwaukee Avenue
Chicago,IL60642 		N/A PC General support 750,000

People's Parity Project

1315 Edmund Avenue West
Saint Paul,MN55104 		N/A PC General support 150,000

Petty Propolis Inc

2200 Hunt Street Ste 426
Detroit,MI48207 		N/A PC General support 125,000

Pillars Fund

200 West Madison Street 3rd Floor
Chicago,IL60606 		N/A PC General support 200,000

Planetwork NGO Inc

3450 Sacramento Street
San Francisco,CA94118 		N/A PC Program support for Stop Online Violence Against Women 175,000

Policy Impact

127 University Avenue
Berkeley,CA95816 		N/A PC Program support to Hearken for the Election SOS project 125,000

POPVOX Foundation

162 Old Stage Road
Jackson,TN38305 		N/A PC General support 50,000

President and Fellows of Harvard College

1033 Massachusetts Ave 5th FL
Cambridge,MA02138 		N/A PC Program support for the Guinier Project 300,000

President and Fellows of Harvard College

1033 Massachusetts Avenue 5th Floor
Cambridge,MA02138 		N/A PC Program support for the Practicing Democracy Project 100,000

Prism Reports Inc

1423 Broadway Ste 271
Oakland,CA94612 		N/A PC General support 150,000

ProGeorgia State Table Inc

151 Ellis Street NE
Atlanta,GA30303 		N/A PC General support 150,000

ProgressNow New Mexico Education Fund

625 Silver Avenue Southwest 320
Albuquerque,NM87102 		N/A PC General support 150,000

Protect Democracy Project

2020 Pennsylvania Avenue NW Ste 163
Washington,DC20006 		N/A PC General support 650,000

Proteus Fund Inc

15 Research Drive Ste B
Amherst,MA01002 		N/A PC Program support for Rise Together Fund 400,000

Proteus Fund Inc

15 Research Drive Ste B
Amherst,MA01002 		N/A PC Program support for The Horizon Forum 75,000

Public Knowledge

1818 N Street NW Ste 410
Washington,DC20036 		N/A PC General support 400,000

Public Rights Project

490 43rd Street Unit 115
Oakland,CA94609 		N/A PC Program support to provide legal support to local elections officials 100,000

Race Forward

PO Box 96353
Washington,DC20090 		N/A PC General support 100,000

Reader Institute for Community Journalism Inc

2930 South Michigan Avenue Ste 102
Chicago,IL60616 		N/A PC Program support for Chicago Independent Media Alliance 100,000

Refugees International

1800 M Street NW Ste 405N
Washington,DC20036 		N/A PC Program support for the Refugee Advocacy Lab 150,000

Reporters Committee for Freedom of the Press

1156 15th Street NW Ste 1250
Washington,DC20005 		N/A PC General support 100,000

RepresentWomen Inc

8484 Georgia Avenue Ste 240
Silver Spring,MD20910 		N/A PC General support 125,000

Resolve Philadelphia Inc

699 Ranstead Street Ste 3
Philadelphia,PA19106 		N/A PC General support 150,000

Robert C Maynard Institute for Journalism Education

4096 Piedmont Avenue
Oakland,CA94611 		N/A PC General support 200,000

Rockefeller Family Fund Inc

475 Riverside Drive Ste 900
New York,NY10115 		N/A PC Program support for Democracy & Power Innovation Fund 200,000

Rose Community Foundation

600 South Cherry Street 1200
Denver,CO80246 		N/A PC Program support for Colorado Media Project 300,000

Rural Digital Youth Resiliency Project Inc

364 Patteson Drive Unit 218
Morgantown,WV26505 		N/A PC General support 360,000

Santa Fe Community Foundation

501 Halona Street
Santa Fe,NM87505 		N/A PC Program support for New Mexico Local News Fund 375,000

Scalawag

PO Box 129
Durham,NC27702 		N/A PC General support 150,000

Sightline Institute

1402 Third Avenue Ste 500
Seattle,WA98101 		N/A PC Program support for the Democracy and Elections Program 175,000

Sojourners

408 C Street NE
Washington,DC20002 		N/A PC General support 125,000

Solidaire Network Inc

1423 Broadway 314
Oakland,CA94612 		N/A PC Program support for The Janisha R. Gabriel Movement Protection Fund 200,000

State Innovation Exchange

1360 Regent Street PMB 257
Madison,WI53715 		N/A PC General support 100,000

State Leadership Project

PO Box 223
Raleigh,NC27602 		N/A PC Program support to bring new funders to the democracy and civic engagement fields. 250,000

State Leadership Project

PO Box 223
Raleigh,NC27602 		N/A PC General support 100,000

State Power Fund

425 Cherry Street Floor 2
Kent,OH44240 		N/A PC Program support to help social justice organizations develop new revenue streams 400,000

State Voices

1616 P Street NW Ste 220
Washington,DC20036 		N/A PC General support 25,000

States United Democracy Center Inc

1101 17th Street NW Ste 250
Washington,DC20036 		N/A PC General support 250,000

Taproot Earth

34411 West Dubuisson Road
Slidell,LA74152 		N/A PC General support 200,000

The Aspen Institute Inc

2300 North Street NW Ste 700
Washington,DC20037 		N/A PC Program support for the Religion and Society Program 100,000

The Brookings Institution

1775 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support for convenings examining new ideas for Senate reform 75,000

The Brookings Institution

1775 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support to research the impact of climate change on democracy 200,000

The Brookings Institution

1775 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support for Lawfare 200,000

The Chicago Community Trust

33 S State Street Ste 750
Chicago,IL60603 		N/A PC Program support for Press Forward Chicago 50,000

The Equity Alliance

PO Box 331821
Nashville,TN37203 		N/A PC General support 135,000

The Good Nation Foundation Inc

100 Crosby Street Room 301
New York City,NY10012 		N/A PC Program support for Revolving Door Project 150,000

The Miami Foundation Inc

40 NW 3rd Street Ste 305
Miami,FL33128 		N/A PC Program support for Press Forward 500,000

The Miami Foundation Inc

40 NW 3rd Street Ste 305
Miami,FL33128 		N/A PC Program support for Legal Clinic Fund 400,000

The Miami Foundation Inc

40 NW 3rd Street Ste 305
Miami,FL33128 		N/A PC Program support for NewsMatch 500,000

The Miami Foundation Inc

40 NW 3rd Street Ste 305
Miami,FL33128 		N/A PC Program support for Representative Democracy 300,000

The National Lesbian and Gay Journalists Association

2120 L Street NW Ste 850
Washington,DC20037 		N/A PC General support 100,000

The National Religious Campaign Against Torture

110 Maryland Avenue NE Ste 502
Washington,DC20002 		N/A PC Program support for Shoulder to Shoulder 200,000

The Project on Government Oversight Inc

1100 13th Street NW Ste 800
Washington,DC20005 		N/A PC General support 800,000

The Trustees of the University of Pennsylvania

202 South 36th Street
Philadelphia,PA19104 		N/A PC Program support for the COMPASS Fellowship 16,500

ThinkTennessee

414 Union Street Ste 1900
Nashville,TN37203 		N/A PC General support 125,000

Tides Center

1014 Torney Avenue
San Francisco,CA94129 		N/A PC Program support for Democracy Revival Center 300,000

Tides Center

1014 Torney Avenue
San Francisco,CA94129 		N/A PC Program support for 22nd Century Initiative 100,000

Tides Foundation

1012 Torney Avenue
San Francisco,CA94129 		N/A PC Program support for FRIDA Young Feminist Fund 530,000

Translash Media Inc

1130 Bedford Avenue Unit 45
Brooklyn,NY11216 		N/A PC General support 150,000

Trustees of Boston University

25 Buick Street Ste 200
Boston,MA02215 		N/A PC Program support to conduct scientific research on alternative election systems 150,000

Trustees of Princeton University

701 Carnegie Center Ste 442
Princeton,NJ08540 		N/A PC Program support to build resources to track and mitigate political violence 100,000

Trustees of Princeton University

701 Carnegie Center Ste 442
Princeton,NJ08540 		N/A PC Program support for Bridging Divides Initiative 200,000

Trustees of Tufts College

419 Boston Avenue
Medford,MA02155 		N/A PC Program support for the MGGG Redistricting Lab 100,000

Undivided Inc

7672 Montgomery Road 243
Cincinnati,OH45236 		N/A PC General support 100,000

Union of Concerned Scientists Inc

2 Brattle Square 6th Floor
Cambridge,MA02138 		N/A PC Program support for the Center for Science and Democracy 250,000

Union Theological Seminary

3041 Broadway
New York City,NY10027 		N/A PC Program support for a convening of the Confronting White Christian Nationalism Initiative 65,000

University of Chicago

5801 South Ellis Avenue
Chicago,IL60637 		N/A PC Program support for Center for Effective Government's Democracy Reform Primers 150,000

University of Wisconsin Foundation

1848 University Avenue
Madison,WI53726 		N/A PC Program support for the State Democracy Research Initiative 100,000

Upturn Inc

1015 15th Street NW Ste 600
Washington,DC20005 		N/A PC General support 300,000

Values United dba Whistleblower Aid

1250 Connecticut Avenue NW Ste 700
Washington,DC20036 		N/A PC General support 200,000

Vanderbilt University

110 21st Ave South Ste 800
Nashville,TN37203 		N/A PC Program support for The Monkey Cage 100,000

Vanderbilt University

110 21st Avenue South Ste 800
Nashville,TN37203 		N/A PC Program support for The Monkey Cage 100,000

Voter Registration Project

200 Massachusetts Avenue NW 7th FL
Washington,DC20001 		N/A PC General support 500,000

Wayne State University

5057 Woodward Avenue 13th FL
Detroit,MI48202 		N/A PC Program support for the Levin Center 150,000

We the Veterans Foundation

1520 Belle View Boulevard Unit 5303
Alexandria,VA22307 		N/A PC General support 100,000

Welcoming America Inc

315 West Ponce de Leon Ave Ste 900
Decatur,GA30030 		N/A PC General support 200,000

Western States Center Inc

3519 NE 15th Avenue 117
Portland,OR97212 		N/A PC General support 175,000

William J Brennan Jr Center for Justice Inc

120 Broadway Ste 1750
New York,NY10271 		N/A PC Program support for the Emergency Powers Project 175,000

William J Brennan Jr Center for Justice Inc

120 Broadway Ste 1750
New York,NY10271 		N/A PC Program support for the Democracy Programs Governance and Judiciary projects 200,000

Women of Color Advancing Peace and Security (WCAPS)

80 M Street SE Ste 100
Washington,DC20003 		N/A PC General support 150,000

Wyoming Community Foundation

1472 North 5th Street Ste 201
Laramie,WY82072 		N/A PC Program support for Equality State News Fund 75,000
Total .................................right arrow 3a 48,355,600
bApproved for future payment

ACCESS
2651 Saulino Court
Dearborn,MI48120 		N/A PC Program support for the National Network for Arab American Communities. 200,000

Action Center on Race and the Economy Institute
1901 West Carroll Avenue
Chicago,IL60612 		N/A PC General support 400,000

Allied Media Projects Inc
4731 Grand River Avenue
Detroit,MI48208 		N/A PC Program support for Detroit Community Tech Project 450,000

Alternative Newsweekly Foundation
253 Tennessee Ave NE
Washington,DC20002 		N/A PC Program support for Conecta Arizona 300,000

American Oversight Inc
1030 15th Street NW Ste B255
Washington,DC20005 		N/A PC General support 250,000

Association of the Bar of the City of New York Fund Inc dba The Vance Cent
42 West 44th Street
New York,NY10036 		N/A PC Program support for Lawyers for Reporters 50,000

Asylum Seeker Advocacy Project Inc
228 Park Avenue South 84810
New York City,NY10003 		N/A PC General support 250,000

Ayni Institute Inc
19 Meridian Street Ste 1
East Boston,MA02128 		N/A PC General support 500,000

Baltimore Beat Inc
1400 Greenmount Avenue P01
Baltimore,MD21202 		N/A PC General support 300,000

Bold Impact
15250 Chincoteague Court
Woodbridge,VA22193 		N/A PC General support 300,000

Borealis Philanthropy
225 South 6th Street Ste 3900
Minneapolis,MN55402 		N/A PC Program support for the Racial Equity in Journalism Fund 2,000,000

Campaign For Accountability Inc
660 Pennsylvania Avenue SE Ste 303
Washington,DC20003 		N/A PC General support 100,000

Center for Civic Design
5443 Tates Bank Road
Cambridge,MD21613 		N/A PC General support 150,000

Center for Empowered Politics Education Fund
1212 Broadway Ste 700
Oakland,CA94612 		N/A PC General support 200,000

Center for Media Justice
1300 Clay Street Ste 600
Oakland,CA94612 		N/A PC General support 550,000

Center for Technology and Civic Life
303 E Wacker Drive Ste 2106
Chicago,IL60601 		N/A PC General support 200,000

Check My Ads Institute
1802 Vernon Street NW PMB 500
Washington,DC20009 		N/A PC General support 350,000

Chinese Progressive Association
1042 Grant Avenue
San Francisco,CA94133 		N/A PC Program support for Grassroots Asians Rising 300,000

City Bureau NFP
3619 South State Street Ste 400
Chicago,IL60609 		N/A PC General support 300,000

Common Cause Education Fund
805 15th Street NW Ste 800
Washington,DC20005 		N/A PC Program support for Media and Democracy Program 50,000

Common Cause Education Fund
805 15th Street NW Ste 800
Washington,DC20005 		N/A PC General support 150,000

Community Partners
1000 North Alameda Street Ste 240
Los Angeles,CA90012 		N/A PC Program support for Open News 200,000

Constitutional Accountability Center
1200 18th Street NW Ste 501
Washington,DC20036 		N/A PC General support 200,000

Democracy North Carolina
3000 Aerial Center Parkway Ste 160
Morrisville,NC27560 		N/A PC General support 100,000

Democratizing Philanthropy Project
344 20th Street Ste 260F
Oakland,CA94612 		N/A PC Program support to help underfunded nonprofits build small dollar revenue streams 400,000

Documented Ltd
85 Broad Street 12th Floor
New York,NY10004 		N/A PC General support 300,000

Fight for the Future Education Fund
68 Harrison Avenue 605 PMB 95005
Boston,MA02111 		N/A PC General support 150,000

Free Press
1025 Connecticut Ave NW Ste 1110
Washington,DC20036 		N/A PC General support 1,400,000

Free Press
1025 Connecticut Ave NW Ste 1110
Washington,DC20036 		N/A PC Program support for Media 2070 650,000

Fund for Constitutional Government
1100 13th Street NW Ste 800
Washington,DC20005 		N/A PC Program support for Keseb 300,000

George Washington University
1922 F Street NW 4th Floor
Washington,DC20052 		N/A PC Program support for the Multiracial Democracy Project 200,000

Global Impact
1199 North Fairfax Street Ste 300
Alexandria,VA22314 		N/A PC Program support for The 65 Project 100,000

Hope CommUnity Center Inc
1016 North Park Avenue 0
Apopka,FL32712 		N/A PC General support 250,000

Independence Public Media of Philadelphia
1800 JFK Blvd Ste 300
Philadelphia,PA19103 		N/A Private Foundation Program support for the Internet for All program 100,000

Independent Arts & Media
2830 20th Street Ste 201
San Francisco,CA94110 		N/A PC Program support for El Timpano 300,000

Inner-City Muslim Action Network
2744 West 63rd Street
Chicago,IL60629 		N/A PC General support 400,000

Institute for Local Self Reliance Inc
2720 E 22nd Street
Minneapolis,MN55406 		N/A PC Program support for Tribal Broadband Bootcamp 100,000

Institute for Nonprofit News
8549 Wilshire Boulevard 2294
Beverly Hills,CA90211 		N/A PC General support 400,000

Institute for Social Policy and Understanding
3200 Greenfield Road Ste 300
Dearborn,MI48120 		N/A PC General support 125,000

International Refugee Assistance Project Inc
One Battery Park Plaza 33rd Floor
New York,NY10004 		N/A PC Program support to create better refugee and asylum processesin the United States 200,000

International Women's Media Foundation
2002 Massachusetts Ave NW Ste 1
Washington,DC20036 		N/A PC General support 200,000

Journalism Funding Partners
1731 Howe Avenue 242
Sacramento,CA95825 		N/A PC Program support for URL Media 400,000

JustFundUs
490 43rd Street Unit 213
Oakland,CA94609 		N/A PC Program support to increase equity and efficiency in grantmaking processes 470,000

Kairos Fellowship Inc
228 Park Avenue S PMB 96841
New York,NY100031502 		N/A PC General support 400,000

Keep Our Republic Charitable Fund
120 Waterfront Street Ste 420
Oxon Hill,MD20745 		N/A PC General support 50,000

Latino Community Fund Inc
PO Box 3299
Decatur,GA30031 		N/A PC General support 100,000

Lawyers' Committee for Civil Rights Under Law
1500 K Street NW Ste 900
Washington,DC20005 		N/A PC General support 1,100,000

Leadership Conference Education Fund Inc
1620 L Street NW Ste 1100
Washington,DC20036 		N/A PC General support 50,000

Local Independent Online News Publishers Inc
4023 Kennett Pike Ste 50019
Wilmington,DE19807 		N/A PC General support 400,000

Marshall-Wythe School of Law Foundation
613 S Henry Street
Williamsburg,VA23185 		N/A PC Program support for eBenchbook and Alliance of Students at the Polls 150,000

Mi Familia Vota Education Fund
3030 N Central Avenue Ste 900
Phoenix,AZ85012 		N/A PC Program support to increase public trust in election administration offices 175,000

Montclair State University Foundation Inc
1 Normal Avenue
Montclair,NJ07043 		N/A PC Project support for Center for Cooperative Media 600,000

Morehouse College
830 Westview Drive SW
Atlanta,GA30314 		N/A PC Program support for Ida B. Wells Society 166,211

Movement Alliance Project
924 Cherry Street 5th floor
Philadelphia,PA19107 		N/A PC Program support for People's Tech Project 400,000

Multicultural Media & Correspondents Association
1629 K Street NW Ste 300
Washington,DC20006 		N/A PC General support 375,000

National Black Tech Ecosystem Association
3409 Fairmeade Drive
Nashville,TN372181600 		N/A PC General support 75,000

National Partnership for New Americans
1805 South Ashland Avenue
Chicago,IL60608 		N/A PC Program support for We Are All America 200,000

National Partnership for New Americans
1805 South Ashland Avenue
Chicago,IL60608 		N/A PC Program support for Climate Justice Collaborative 200,000

NEO Philanthropy Inc
1001 Avenue of the Americas 12th FL
New York,NY10018 		N/A PC Program support for North Carolina Local News Lab Fund 600,000

New Jersey Civic Information Consortium
1 Normal Avenue SCM Ste 2109
Montclair,NJ07043 		N/A PC General support 200,000

New Mexico Community Foundation
110 North Guadalupe Street Ste 6
Santa Fe,NM87501 		N/A PC Program support for Generation Justice 100,000

New Venture Fund
1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's Digital Equity and Opportunity Initiative 25,000

New Venture Fund
1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's Disinformation Defense League 50,000

New Venture Fund
1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Media Democracy Fund's NetGain Partnership 118,000

New Venture Fund
1828 L Street NW Ste 300A
Washington,DC20036 		N/A PC Program support for Trusted Elections Fund 1,500,000

New York University
25 West 4th Street 4th Floor
New York,NY10012 		N/A PC Program support for Cybersecurity for Democracy 250,000

New York University
25 West 4th Street 4th Floor
New York,NY10012 		N/A PC Project support for NYU Center for Critical Race and Digital Studies 300,000

Oklahoma Media Center
100 West Main Street
Oklahoma City,OK73102 		N/A PC General support 100,000

Online News Association
1111 North Capitol Street NE 2nd FL
Washington,DC20002 		N/A PC Program support for The Pivot Fund 200,000

Online News Association
1111 North Capitol Street NE 2nd FL
Washington,DC20002 		N/A PC General support 200,000

OpenSecrets
1100 13th Street NW Ste 800
Washington,DC20005 		N/A PC General support 125,000

Outlier Media
440 Burroughs Street Ste 365
Detroit,MI48202 		N/A PC General support 300,000

Partnership for Large Election Jurisdictions Inc
303 E Wacker Drive Ste 2106
Chicago,IL60601 		N/A PC General support 150,000

People's Action Institute
1130 N Milwaukee Avenue
Chicago,IL60642 		N/A PC General support 1,000,000

Petty Propolis Inc
2200 Hunt Street Ste 426
Detroit,MI48207 		N/A PC General support 75,000

Pillars Fund
200 W Madison Street 3rd Floor
Chicago,IL60606 		N/A PC General support 400,000

Planetwork NGO Inc
3450 Sacramento Street
San Francisco,CA94118 		N/A PC Program support for Stop Online Violence Against Women 250,000

President and Fellows of Harvard College
1033 Massachusetts Avenue 5th Floor
Cambridge,MA02138 		N/A PC Program support for the Practicing Democracy Project 200,000

Prism Reports Inc
1423 Broadway Ste 271
Oakland,CA94612 		N/A PC General support 300,000

ProGeorgia State Table Inc
151 Ellis Street NE
Atlanta,GA30303 		N/A PC General support 150,000

ProgressNow New Mexico Education Fund
625 Silver Avenue Southwest 320
Albuquerque,NM87102 		N/A PC General support 150,000

Proteus Fund Inc
15 Research Drive Ste B
Amherst,MA01002 		N/A PC Program support for Rise Together Fund 800,000

Public Knowledge
1818 N Street NW Ste 410
Washington,DC20036 		N/A PC General support 200,000

Public Rights Project
490 43rd Street Unit 115
Oakland,CA94609 		N/A PC Program support to provide legal support to local elections officials 100,000

Reader Institute for Community Journalism Inc
2930 South Michigan Avenue Ste 102
Chicago,IL60616 		N/A PC Program support for Chicago Independent Media Alliance 100,000

Resolve Philadelphia Inc
699 Ranstead Street Ste 3
Philadelphia,PA19106 		N/A PC General support 300,000

Robert C Maynard Institute for Journalism Education
4096 Piedmont Avenue
Oakland,CA94611 		N/A PC General support 200,000

Rockefeller Family Fund Inc
475 Riverside Drive Ste 900
New York,NY10115 		N/A PC Program support for Democracy & Power Innovation Fund 400,000

Rose Community Foundation
600 South Cherry Street 1200
Denver,CO80246 		N/A PC Program support for Colorado Media Project 500,000

Rural Digital Youth Resiliency Project Inc
364 Patteson Drive Unit 218
Morgantown,WV26505 		N/A PC General support 400,000

Santa Fe Community Foundation
501 Halona Street
Santa Fe,NM87505 		N/A PC Program support for New Mexico Local News Fund 600,000

Scalawag
PO Box 129
Durham,NC27702 		N/A PC General support 300,000

Solutions Project Inc
4096 Piedmont Avenue No 728
Oakland,CA94611 		N/A PC Program support to advance climate and migrant justice 2,250,000

State Leadership Project
PO Box 223
Raleigh,NC27602 		N/A PC General support 100,000

Taproot Earth
34411 West Dubuisson Road
Slidell,LA74152 		N/A PC General support 400,000

The Brookings Institution
1775 Massachusetts Avenue NW
Washington,DC20036 		N/A PC Program support for Lawfare 200,000

The Chicago Community Trust
33 S State Street Ste 750
Chicago,IL60603 		N/A PC Program support for Press Forward Chicago 50,000

The Miami Foundation Inc
40 NW 3rd Street Ste 305
Miami,FL33128 		N/A PC Program support for NewsMatch 500,000

Tides Center
1014 Torney Avenue
San Francisco,CA94129 		N/A PC Program support for 22nd Century Initiative 100,000

University of Maryland
7809 Regents Drive 3112 Lee
Building
College Park,MD20742 		N/A GOV Program support to examine recruitment and retention of talent in election administration 411,800

Upturn Inc
1015 15th Street NW Ste 600
Washington,DC20005 		N/A PC General support 300,000

Voter Registration Project
200 Massachusetts Avenue NW 7th FL
Washington,DC20001 		N/A PC General support 473,000

Wayne State University
5057 Woodward Avenue 13th FL
Detroit,MI48202 		N/A PC Program support for the Levin Center 100,000

William J Brennan Jr Center for Justice Inc
120 Broadway Ste 1750
New York,NY10271 		N/A PC Program support for the Emergency Powers Project 175,000
Total ................................. right arrow 3b 34,439,011
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 2,515,339  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18    
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 2,515,339 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,515,339
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
Yes
 
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
Yes
 
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
1b(4) 354,172 Democracy Fund Voice Inc Reimbursement of shared expenses
1c 1,715,918 Democracy Fund Voice Inc Shared paid employees
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Democracy Fund Voice Inc 501 (c) (4) Common Director - Patricia Christen
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Form 990-PF (2023)
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Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Payroll administration 72,732 0 0 72,733
Accounting and auditing 70,000 0 0 70,000

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TY 2023 ExpenditureResponsibilityStmt
Name:
Democracy Fund Inc
EIN:
38-3926408
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
El-Hibri Foundation
  		1420 16th Street NW
Washington,DC20036 		2022-11-01 200,000 Program support for field leadership training and capacity building 200,000 No Jan 2023, Jan 2024   N/A
Field Foundation of Illinois
  		200 South Wacker Drive Ste 3860
Chicago,IL60606 		2022-11-01 225,000 Program support for Chicago Media and Storytelling project 225,000 No May 2023, Nov 2023   N/A
Granite State News Collaborative
  		268 Mast Rd
Durham,NH03824 		2023-11-01 100,000 Program support to build a robust and sustainable journalism ecosystem in New Hampshire 100,000 No July 2024, Nov 2024   N/A
Independence Public Media of Philadelphia
  		1800 JFK Boulevard Suite 300
Philadelphia,PA19103 		2023-12-01 247,000 Program support for the Internet for All program 32,241 No Jan 2025, Jan 2026   N/A

TY 2023 GeneralExplanationAttachment
Name:
Democracy Fund Inc
EIN:
38-3926408
Identifier Return Reference Explanation
In-Kind Services Form 990-PF, PART VI-B, LINE 1a(3) During the period ended December 31, 2023, affiliated entities and related parties provided in-kind services of financial manager fees and other financial services of $936,300. These contributed services were valued at $936,300 but were not recorded on Form 990-PF.

TY 2023 LegalFeesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Legal fees 295,127 0 0 295,127


TY 2023 OtherAssetsSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Deposits 295 295 295
Due from affiliates 602,352 249,392 249,392
Employee advances 775 1,769 1,769
Operating lease right-of-use asset 7,246,447 6,259,681 6,259,681


TY 2023 OtherExpensesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Conference sponsorships 240,000 0 0 240,000
External Events 190,942 0 0 190,942
Hosted events - Internal 270,490 0 0 270,490
Professional development 46,207 0 0 46,207
Software 517,890 0 0 517,890
Accrual to cash adjustment 0 0 0 -147,436
Relationship gifts 13,933 0 0 13,933
Matching gifts 497 0 0 497
Bank fees 722 722 722 722
Recruitment 14,415 0 0 14,415


TY 2023 OtherLiabilitiesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Description Beginning of Year - Book Value End of Year - Book Value
Federal excise tax payable 921,692 1,463
Long-term operating lease liability 7,076,803 5,997,244


TY 2023 OtherProfessionalFeesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Consultants 4,303,057 0 0 4,303,057
Contracted services 28,237 0 0 28,237


TY 2023 TaxesSchedule
Name:
Democracy Fund Inc
EIN:
38-3926408
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal excise tax 33,771 0 0 954,000
Payroll taxes 779,700 0 0 779,700