![](https://logos.daffy.org/assets/134166228.png)
Acumen Fund Inc
Acumen Fund Inc
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for Acumen Fund Inc? Learn more here.
About this organization
Mission
Acumen's mission is to change the way the world tackles poverty by investing in companies, leaders and ideas. Acumen invests patient, long-term capital in innovative and sustainable startups that deliver critical goods and services to the world's poor. Since 2001, we have invested $106 million in 96 companies that have attracted more than $522 million in follow-on capital and impacted 200 million lives. We work closely with our companies to help them overcome challenges and listen closely to customer feedback through our Lean Data work. Acumen also works to build a global community of emerging leaders that believe in creating a more inclusive world through the tools of both business and philanthropy. Since 2006, we have built a global community of more than 340 Fellows to support the next generation of leadership. We are partnering with great companies like Unilever, GE, IKEA Foundation, EY and Bain that understand the need for more inclusive business models. We have begun to share what we are learning through +Acumen, an online platform to help move ideas into action that has seen more than 400,000 sign-ups across 175 countries. Please visit www.acumen.org for more information.
About
Investing and portfolio management: Acumen invests patient capital in business models that deliver critical, affordable goods and services to the world's poor, improving the lives of millions. Since 2001, Acumen has invested in businesses that provide access to health care, energy, education, water & sanitation, housing, financial services, and agricultural services to low-income customers. Our investments are addressing the problems of poverty in East and West Africa, South Asia, Latin America and the United States. Acumen invested in eight new companies in 2018, reaching a cumulative $117 million invested in 116 businesses serving the poor. Acumen's patient capital approach yielded exits across our pioneer portfolio this year. Our long-time clean energy investee D.Light Design closed $41 million in a series E equity raise, allowing Acumen to exit its series A shares; poultry farming investee EthioChicken repaid its loan to Acumen three years ahead of schedule with outsized social impact; and Acumen exited the flagship project of affordable housing investee Ansaar Management Company in Pakistan. These exits serve as proof of Acumen's ability to recycle returns from its investments and of the importance of philanthropically backed patient capital to grow our companies over time. Along with new investments and exits, post-investment support has continued to be a key priority for Acumen. In the first quarter of this year, our team conducted annual reviews for all portfolio companies to measure actual performance against social and financial impact targets and develop detailed post-investment engagement plans outlining the support required by Acumen to help the companies grow. Acumen also directly supported companies in 2018 through our participation on 51 company boards, providing 12 new technical assistance grants allowing companies to experiment with high-impact projects and products and hosting two investee capacity-building seminars.
Interesting data from their 2020 990 filing
According to the filing, the non-profit's mission is “Acumen fund is working to change the way the world tackles poverty by investing in companies, leaders and ideas. [see continuation on schedule o]we invest patient capital in businesses that deliver critical, affordable goods and services to the poor, improving the lives of millions in south asia, east and west africa, latin america and the united states. since 2001, acumen fund has invested $117 million in 116 social enterprises working in health care, energy, education/workforce development, water & sanitation, housing, financial inclusion, and agriculture. we also invest in building a global community of emerging leaders who believe in creating a more inclusive world through our acumen fellows program and online school for social change, +acumen.through these efforts, we are working to create sustainable solutions to poverty.”.
When referring to its actions, they were described as: “Our mission is to change the way the world tackles poverty by investing in companies, leaders and ideas.our vision is that one day every human being will have access to the critical goods and services they need-including affordable health care, clean energy, education, water & sanitation, housing, access to financial services, and agricultural inputs-so they have the choice and opportunity to transform their lives. this is where dignity starts-not just for the poor but for everyone on earth.”.
- According to the law, the state of operation reported by the non-profit is NY.
- As per the filing, the address of the non-profit for 2020 is 40 WORTH STREET NO 303, NEW YORK, NY, 10013.
- According to their form, the non-profit as of 2020 has a total of 71 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $11,947,290.
- The organization has 13 independent voting members.
- The organization was formed in 2001.
- The organization pays $11,761,818 in salary, compensation, and benefits to its employees.
- The organization pays $2,441,128 in fundraising expenses.
Additional Non-Profits in the area
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.