Form 990 for tax year 2022

Totals

Total revenue

$13,163,639

Total expenses

$9,721,566

Contributions and grants received

$12,953,038

Grants paid

$3,679,000

Program service revenue

$201,500

Investment income

$9,101

Other revenue

$0

Total assets, end of year

$27,360,821

Total liabilities, end of year

$522,135

Net assets or fund balances, end of year

$26,838,686

Program services expenses (Part IX)

$8,967,516

Management and general expenses

$621,607

Fundraising expenses

$132,443

Program service expenses (Part III)

$8,967,516

Program services were 92.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• Amplify Fund, a pooled fund housed at NFG, continued to develop its funder learning committee of 20 partners. Amplify's grantee partners also had many opportunities for connection, including participation in regular Amplification calls. These calls are an optional, grantee-only space to connect informally and share learnings and challenges. Grantees regularly attend these sessions in relatively large numbers and have developed relationships across the Fund's eight places (North Carolina, Missouri, Nevada, Pennsylvania, Puerto Rico, South Carolina,Tennessee, and California). In 2022, Amplify Fund regranted app. $3M to grassroots racial justice-focusedpower-building organizations. Amplify supported 55 grantees across our 8 sites and 90% of the funded organizations were BIPOC-led. The Amplify Fund engaged in a planning process to shape the future phase of Amplify's work by bringing together grantees in the Future of Amplify Organizing Committee to develop guidingvalues affirming Amplify's commitment to racial justice. In April 2022, the blueprint was presented, including a longer lifespan for the project - 10 years for phase 2 - and developing a new governance structure that includes grantees alongside funders and incorporating a liberatory philanthropy lens.

  Expenses $4,791,889 · Grants $2,800,000 · Revenue $1,000

• Our Integrated Rural Strategies Group (IRSG) advanced its work to increase investment in the power-building infrastructure of rural communities that organize on various issues through a community-centered approach. A significant highlight for the Group was establishing the Campaign to Support BIPOC Farmers, a pooled fund to help Black farmers in Illinois reclaim their land. This campaign was a joint project with NFG's Midwest Organizing infrastructure Funders in partnership with Wieboldt Foundation. NFG's Integrated Rural Strategies Group and Midwest Organizing Infrastructure Funders Group collaborated to establish the Campaign to Support Black Farmers, a pooled fund to help Black farmers in Illinois reclaim their land, in an effort to preserve and protect their land ownership and economic opportunity that are threatened by decades of systemic racism in food systems, public systems, and land ownership laws. IRSG also deepened its commitment to engage local organizers in its committee of Movement Advisors, a cohort of seven rural leaders who have helped to deepen IRSG's work to increase philanthropy's accountability to rural BIPOC movement leaders.

  Expenses $549,755 · Grants $120,500 · Revenue $5,500

• Philanthropy Forward, which completed a cohort cycle in 2022, continued to inspire CEOs to fully deploy their positional power more and increase funding for BIPOC communities confronting the root causes of injustice.

  Expenses $347,577 · Revenue $10,000

• NFG's programs continued to be a welcoming place for BIPOC and other justice-minded funders to practice shared leadership in philanthropy with movement leaders and organize their peers to support BIPOC community power-building. NFG's programs are led by committees, with a total of 37 funders involved in funder managing through these networks.Our Funders for a Just Economy (FJE) program deepened work on power building and organizing efforts towards systems change. In 2022, Over FJE engaged over 250 funders, hosted over 10 virtual programs and events covering various topics relating to building a just economy, and continued to build a community of funders, align grantmaking strategies, and widen our audience of funders. In support of this work, FJE organized a series of briefings and strategy meetings, including a briefing to share upcoming Federal grant opportunities for communitygroups and a network strategy retreat for funders to share learnings and discussed how to experiment with ways to organize funders, to become more accountable to movement partners, and to move more resources to build power.

  Expenses $3,278,295 · Grants $758,500 · Revenue $185,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• Amalgamated Charitable Foundation

  $2,000,000

  To support Amplify Fund's Grantmaking

• Amalgamated Charitable Foundation

  $800,000

  To support Amplify Fund's Grantmaking

• Amalgamated Charitable Foundation

  $375,000

  To support LIFT Fund's National grantmaking

• Amalgamated Charitable Foundation

  $363,500

  To support LIFT Fund's National grantmaking

• Amalgamated Charitable Foundation

  $70,500

  To support Rural Strategies' Grantmaking

• Amalgamated Charitable Foundation

  $50,000

  To support Rural Strategies' Grantmaking

Provenance

Return type

form_990

Tax year

2022

Filed

13 November 2023

IRS schema version

2022v5.0

Source object

202323179349305327

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