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Top Rated

Global Fund for Women

CharityWatch report issued
June 2022

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
82%
Program Percentage
Amount spent on programs
relative to overhead.
 
$3
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Global Fund for Women
800 Market Street
Suite 700
San Francisco, CA 94102-3034

Other Names

GFFW
Global Fund

Tax Status

501(c)3

Stated Mission

To fund bold, ambitious, and expansive gender justice movements to create meaningful change that will last beyond our lifetimes.

View similar charities
Data based on Fiscal Year Ended 06/30/2021

Program Percentage: 82%

The percentage of Global Fund for Women's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$27,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $3

How many dollars Global Fund for Women spends on fundraising to raise each $100 of contributions.

$67,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
The Global Fund for Women IRS Form 990 77-0155782
The Global Fund for Women Audited Consolidated Financial Statements multiple
Entity: The Global Fund for Women
Document Type: IRS Form 990
Tax ID: 77-0155782
Entity: The Global Fund for Women
Document Type: Audited Consolidated Financial Statements
Tax ID: multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Global Fund for Women
meets governance benchmarks.
 
Global Fund for Women
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy Opt-Out Policy  

  Name Title Compensation
1 Latanya Mapp Frett President/CEO $380,331
2 Leila Hessini VP, Programs $214,459
3 Peiyao Chen VP, Impact & Effectiveness $208,164
1
Name: Latanya Mapp Frett
Title: President/CEO
Compensation: $380,331
2
Name: Leila Hessini
Title: VP, Programs
Compensation: $214,459
3
Name: Peiyao Chen
Title: VP, Impact & Effectiveness
Compensation: $208,164

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of The Global Fund for Women (GFFW) also includes the financial activity of the entities consolidated in the GFFW audit for the fiscal year ended June 30, 2021, including Global Fund for Women UK, which "is intended to operate as the sister charity of the Organization," according to Note 1 of the GFFW fiscal 2021 consolidated audit. All significant intercompany balances and transactions have been eliminated in the audit consolidation.

According to The Global Fund for Women consolidated audit of June 30, 2021 (Note 15, Related-Party Transactions):

"During the years ended June 30, 2021 and 2020, the Organization paid grants to organizations of which board members are either presidents or the executive directors. Members of the board who are either the president or the executive director of a grantee organization recuse themselves when the board decides whether to approve these grants. The Organization awarded two such grants totaling $97,192 and one such grant totaling $50,000 during the years ended June 30, 2021 and 2020, respectively."

According to The Global Fund for Women consolidated audit of June 30, 2021 (Note 6, PPP Loan):

"On April 22, 2020, the Organization received loan proceeds in the amount of $977,350 under the Paycheck Protection Program (PPP). The PPP, established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the twenty-four-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first 16 months according to latest PPP guidelines. During 2021, the Organization received full forgiveness on their PPP loan from the Small Business Administration. The loan forgiveness totaling $977,350 is included in total support and revenues on the [audited] consolidated statement of activities."

According to The Global Fund for Women consolidated audit of June 30, 2021 (Note 9, Concentrations of Credit Risk):

"The Organization maintains its cash balances at various financial institutions and brokerage firms. The Federal Deposit Insurance Corporation (FDIC) insures account balances up to $250,000.

"The Organization has identified its financial instruments that are potentially subject to credit risk. These financial instruments consist principally of bank deposits and investments in fixed income securities and community investment promissory notes. For bank deposits, the amounts in excess of federal insurance at June 30, 2021 and 2020, were approximately $30,616,000 and $24,019,000, respectively. The Organization also holds various debt and equity investments, which may at times exceed the Securities Investor Protection Corporation (SIPC) insurance threshold. The Organization closely monitors these balances and has not experienced credit losses."

According to The Global Fund for Women consolidated audit of June 30, 2021 (Note 7, Commitments and Contingencies, Contingencies):

"The novel coronavirus (COVID-19) outbreak in the world is unprecedented. It has had a significant impact on the economy and businesses, and the future impact is unknown. The Organization has been operating in a virtual and remote environment before the outbreak. Technological infrastructure has been strong and has provided many alternative accesses for everyone. The Organization has taken advantage of programs like the PPP loan program to support operations during the pandemic and did not experience significant financial challenges in fiscal year 2021. While we believe the outbreak disruption is temporary, there is considerable uncertainty around its duration. The impact on the Organization's future financial position and operating results could have a material impact to its liquidity should the pandemic continue indefinitely."


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