Svf Foundation

Nonprofit profile at a glance

EIN
142008091
IRS 990-PF coverage
2013–2022
Forms available
Form 990-PF 2022
Location
Newport, RI, USA
Phone
4013389338
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Research Institutes and/or Public Policy Analysis

Reported finances

Revenue
$-14,778
Expenses
$13,677,823

Source: IRS Form 990-PF. Selected filing: tax year 2022. Amounts in USD.

Overview

Mission

Research Institutes and/or Public Policy Analysis

What it reported funding in 2022

The foundation reported 4 grants totaling $13,452,911. The stated grant purposes included the foundation was started by dorrance hamilton. the balance in the reserve account was donated back to the hamilton family organization with certain restrictions., the donation will be used for scholarships to students participatining the star kids program, the mission of which is to provide educational opportunities in the form of tuition assistance to non-public schools, along with a range of educational supports for local high-risk, low-income children who have a parent with a history of incarceration and/or substance abuse., and svf worked with tufts for the majority of the foundation life. donation will be used to establish the dorrance h. hamilton professorship in applied animal reproductive medicine., plus 1 other reported purpose.

Operating model

Revenue model
Investment-supported. 93% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 99% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. Assets provide a limited cushion relative to annual grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 98
  • Transparency: 100
  • Compliance: 92
  • Endowment Health: 7

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 90th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 98.4%; rating input score 98; 84th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 16 of 19 controls in place; rating input score 84
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Fail
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 0; rating input score 7; 7th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 7th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 9 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Endowment Health: Endowment-health comparison scored 7/100.
  • Review — Compliance: Part VII-B activity disclosures: 3 of 19 not reported.