From public IRS filings
BASIC FUND
OAKLAND, CA · Education
Mission
TO ENHANCE EQUITY BY PROVIDING SCHOLARSHIPS TO LOW INCOME FAMILIES.
Financials (IRS Form 990)
Total revenue
$8.6M
Total expenses
$9.6M
Total assets
$23.1M
Program expense ratio
9021%
Source: IRS Form 990, tax year 2022.
Who funds BASIC FUND
$18.5M in foundation grants on record from 50 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| Vanguard Charitable Endowment Program | $7.4M | 4 |
| Donor Advised Charitable Giving | $6M | 4 |
| Childrens Scholarship Fund | $2.3M | 3 |
| Fidelity Investments Charitable Gift Fund | $1.6M | 2 |
| San Francisco Foundation | $673K | 4 |
| Basic Fund Scholarship Foundation | $587K | 1 |
| Marin Community Foundation | $454K | 4 |
| Silicon Valley Community Foundation | $370K | 2 |
| American Endowment Foundation | $350K | 2 |
| Golden State Community Foundation Fka Golden State Warriors Community Fdn | $305K | 6 |
Leadership
RACHEL ELGINSMITH — CHIEF EXECUTIVE OFFICER (Principal officer)
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