The Childrens Investment Fund Foundation Dba Big Win Philanthropy C/o Day Pitney

Nonprofit profile at a glance

EIN
043632641
IRS 990-PF coverage
2010–2022
Forms available
Form 990-PF 2022, Form 990-T 2022
Location
West Hartford, CT, USA
Phone
2028276374
Rating
89
Verdict
STRONG
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Reported finances

Revenue
$2,175,058
Expenses
$148,389,116

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

Overview

Mission

Private Grantmaking Foundations

What it reported funding in 2022

The foundation reported 29 filed grant rows totaling $145,313,418. The stated grant purposes included future hope of addis ababa early childhood development (ecd), operational cost for youth employment work, and a grant agreement was signed by the filing organization (grantor) and big win philanthropy, inc. (grantee; ein: 82-0843080) to transfer all remaining assets to the successor organization effective september 30, 2022. grantee's governing board is identical to the trustees of grantor, so that grantee is "effectively controlled" by the same persons who control grantor within the meaning of treasury regulations section 1.507-3., plus 17 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 73% 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; 32nd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 97.9%; rating input score 98; 83rd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Foundation activity disclosures: 15 of 18 controls in place; rating input score 83
    • 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: NotApplicable
    • 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
    • Individual grants for travel, study or similar purposes: Pass
    • Grants outside qualifying charitable organization categories: 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: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 40 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: Foundation activity disclosures: 3 of 18 not reported.