EIN 26-2108051

Grassroots Business Fund (GBF)

IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
GBF's mission is to help build and support High Impact Businesses that provide sustainable economic opportunities to millions of people living at the base of the economic pyramid.
Also known as...
Grassroots Business Partners
Total revenues
Total expenses
Total assets
Num. employees

Program areas at GBF

Grassroots Business Fund (gbf) is heavily involved in building the field around impact investing by working closely with partner organizations, piloting new initiatives, and contributing lessons learned to a broad audience. As part of partnership building, gbf is a member of numerous working groups including those around impact assessment, the development of impact funds, and careers in impact investing. As the organization grows a continued effort towards external dissemination of information on the successes and lessons learned relating to impact investing will be critical for our advancing of the field.
Gbf's capacity building programs are a combination of Business advisory services (bas) funded through grants and hands-on management support from gbf staff and its Partners. These capacity building programs include improvements to governance, general management, reporting, management information systems, and business/financial planning. These programs are delivered by experienced external consultants, gbf staff, and through our partnerships with other local businesses. Gbf's bas falls into six main categories: financial management, operations, corporate governance and human capacity, strategy, legal and regulatory, and environmental and social. Over the past ten years gbf has disbursed over $8.5 million in bas to more than 80 companies who have supported more than 17 million people.
Grassroots Business Fund (gbf) works with high impact businesses that are typically small or midsized by international standards, but economically engage large numbers of the poor. Gbf manages an investment Fund, Grassroots Business investors Fund i, lp (gbi-i). Gbi-i makes equity, quasi-equity, and debt investments which allow it to share the businesses' risks and returns while providing a form of capital suitable for long-term, wealth-creating businesses. Gbi-i target investment size is currently between $750,000 and $2,500,000 and has an average investment horizon of 5-7 years. The current portfolio companies (16 companies) have directly created wealth for over 12,000 farmers; 21,000 artisans, and cost savings for 900,000 people and an additional 4 million family members.

Grants made by GBF

GranteeGrant descriptionAmount
Novica FoundationTechnical Assistance$30,000

Personnel at GBF

Harold RosenChief Executive Officer$99,128
Jaime RamirezChief Operating Officer and Chief Information Officer$191,537
Elaine WolfensohnVice President, Botwinick - Wolfensohn Foundation
Alan PatricofFounder and Managing Director
Richard SternManaging Director
...and 2 more key personnel

Financials for GBF

RevenuesFYE 06/2020
Total grants, contributions, etc.$420,000
Program services$1,548,239
Investment income and dividends$52
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,968,291

Form 990s for GBF

Fiscal year endingDate received by IRSFormPDF link
2020-062021-05-18990View PDF
2019-062021-01-21990View PDF
2018-062019-06-19990View PDF
2017-062018-10-16990View PDF
2016-062017-09-06990View PDF
...and 6 more Form 990s
Data update history
November 9, 2021
Updated personnel
Identified 1 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
July 8, 2021
Posted financials
Added Form 990 for fiscal year 2020
September 30, 2020
Posted financials
Added Form 990 for fiscal year 2018
March 2, 2020
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Social advocacy organizationsInternational-focused organizationsCharities
Community improvementForeign affairsInternational developmentEconomic developmentBusiness and industry
Operates internationallyManagement and technical assistanceTax deductible donations
General information
1875 K St NW Suite 537
Washington, DC 20006
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
District of Columbia, DC
Website URL
Facebook page
Twitter profile
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
Q30: International Development, Relief Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
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