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Filing year 2024

CHALLENGE FUND

Chapel Hill, North Carolina·EIN 56-6059951·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$334k
Total assets
$4.2M
Total expenses
$289k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Director
Unclassified
$7k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at CHALLENGE FUND equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$255k

Itemized grants

18

Median grant

$10k

RecipientLocationPurposeAmount
COMMUNITY ENVIRONMENTAL COUNCILSANTA BARBARA, CAGENERAL SUPPORT$25k
EDC CHARITABLE TRUSTWALTHAM, MAGENERAL SUPPORT$25k
FOOD BANK OF SANTA BARBARA COUNTYSANTA BARBARA, CAGENERAL SUPPORT$25k
THE BRENNAN CENTER FOR JUSTICENEW YORK, NYGENERAL SUPPORT$25k
AMERICAN BIRD CONSERVANCYMARSHALL, VAGENERAL SUPPORT$20k
EARTHJUSTICESAN FRANCISCO, CAGENERAL SUPPORT$20k
EQUAL JUSTICE INITIATIVEMONTGOMERY, ALGENERAL SUPPORT$20k
AMERICAN CIVIL LIBERTIES UNION FOUNDATIONNEW YORK, NYGENERAL SUPPORT$10k
CLUB NOVA COMMUNITY INCCARRBORO, NCGENERAL SUPPORT$10k
HOPE RENOVATIONSCHAPEL HILL, NCGENERAL SUPPORT$10k
NORTH CAROLINA ADAPTED SPORTSCARY, NCGENERAL SUPPORT$10k
RAINFOREST TRUSTWARRENTON, VAGENERAL SUPPORT$10k
REPRODUCTIVE FREEDOM FOR ALL FOUNDATIONWASHINGTON, DCGENERAL SUPPORT$10k
SANTA BARBARA MUSEUM OF ARTSANTA BARBARA, CAGENERAL SUPPORT$10k
THE HAVEN AT FIRST AND MARKET INCCHARLOTTESVILLE, VAGENERAL SUPPORT$10k
BIG LIFE FOUNDATION USARIDGEFIELD, WAGENERAL SUPPORT$5k
NC COASTAL FEDERATIONNEWPORT, NCGENERAL SUPPORT$5k
SNOW LEOPARD TRUSTSEATTLE, WAGENERAL SUPPORT$5k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about CHALLENGE FUND

What are CHALLENGE FUND's revenue and expenses?

In 2024, CHALLENGE FUND reported $334k in total revenue and $289k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.