Totals
- Total revenue
- $2,470,913
- Total expenses
- $1,355,550
- Contributions and grants received
- $2,470,913
- Grants paid
- $1,355,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $4,038,231
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $4,038,231
- Program services expenses (Part IX)
- $1,355,000
- Management and general expenses
- $550
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,355,000
Program services were 100.0% 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.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$2,470,913
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,355,000 · program services $1,355,000
-
24e · All other expenses
total $550 · program services $0 · management and general $550 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,617 · end of year $1,199,980
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $2,703,251 · end of year $2,838,251
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,622,868 · end of year $3,660,231
-
28 · Net assets with donor restrictions
beginning of year $300,000 · end of year $378,000
Mission and programs · 2024
Mission
The Lever Foundation Growth Fund is a 501(c)3 charitable organization, whose purpose is to support the charitable mission of Lever Foundation (and other charities that share its mission) to prevent animal suffering by promoting healthy, humane and sustainable food choices. One effective way to create a more humane food system is to support and empower entrepreneurs and startup companies who are creating alternative protein products-foods that replace conventional animal protein on consumers' plates with plant-based proteins or other proteins produced without the need to raise and slaughter live animals. By helping entrepreneurs launch companies in this sector, and by helping early stage startups that would not otherwise be able to attractive commercial funding in this sector grow, the Fund can help shift a portion of protein production and consumption to food products that do not cause animal suffering.
Activities or mission (Part I)
The Lever Foundation Growth Fund is a 501(c)3 charitable organization, whose purpose is to support the charitable mission of Lever Foundation (and other charities that share its mission) to prevent animal suffering by promoting healthy, humane and sustainable food choices. One effective way to create a more humane food system is to support and empower entrepreneurs and startup companies who are creating alternative protein products-foods that replace conventional animal protein on consumers' plates with plant-based proteins or other proteins produced without the need to raise and slaughter live animals. By helping entrepreneurs launch companies in this sector, and by helping early stage startups that would not otherwise be able to attract commercial funding in this sector grow, the Fund can help shift a portion of protein production and consumption to food products that do not cause animal suffering.
-
The Fund will also carries out general grantmaking, providing grants to Lever Foundation and other public charities that share the Foundation's mission.
Expenses $1,355,000 · Grants $1,355,000
-
One of the core initial activities of the Fund is to receive donations for Program-Related Investments in entrepreneurs and startups working in the alternative protein space that have a high potential to impact the Fund's charitable purposes but may not be able to attract sufficient commercial funding to make that impact. All Funds going out are Investments, and not expenditures.
As filed on the 2024 return.
Listed in Part VII
-
Kai Yi Carrie Chan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nick Cooney
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brian Ottens
Director
- Total calculated
- $0
- Hours/week
- 1
-
Yaqi Gao Grover
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$1,355,000
Lever Foundation Growth Fund maintains a donor advised fund with CharityVest, Inc. This grant was to that donor advised fund, which, in turn was granted to the Supported Organization, Lever Foundation, Inc.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Prevent animal suffering and cruelty to animals by promoting healthy, humane and sustainable food. · PA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 25 September 2025
- IRS schema version
- 2024v5.0
- Source object
- 202542979349301544
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