Growald Climate Fund Inc
Growald Climate Fund Inc is a private grantmaking foundation based in Brookline, Massachusetts. Established in 2014, the organization operates as a 501(c)(3) nonprofit dedicated to advancing climate solutions through strategic philanthropy. The foundation believes that philanthropy plays a key role in nurturing new climate solutions, supporting civil society, and promoting objective research and analysis for use by governments and key partners.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41.0M
+79.9% YoY
Annual Giving
$28.0M
-0.8% YoY
Grant Count
170
+28.8% YoY
Avg Grant Size
$165K
-23.0% YoY
Mission & Focus Areas
The foundation's approach centers on identifying concrete pathways to impact climate change and investing in the strongest levers for change. The organization operates across four primary strategic focus areas:
Energy Policy & Diplomacy — Supporting diplomatic efforts and government-to-government engagement to build momentum in the transition to clean energy in key countries and states.
Financial Flows — Supporting efforts to conduct financial analysis highlighting the risks of fossil fuels and opportunities of clean energy, with the goal of spurring markets to shift financial policies and investments in line with climate reality.
National Campaigns — Supporting efforts in key countries to transition to clean energy through on-the-ground work.
Pollution — Addressing the air and water pollution caused by fossil fuels, supporting shifts to healthy energy choices that reduce pollution while improving health and ecosystems and protecting the climate.
The foundation invests in these pathways through several pillars of work, including Collective Impact and Venture Philanthropy approaches.
Grantmaking
The foundation demonstrates active grant activity with 170 grants reported in recent filings. Grant sizes range from $100 to $2.5 million, with a median grant size of $40,000. The foundation maintains a "preselected only" approach to grantmaking, indicating that it does not accept unsolicited proposals.
Grant Range
s range from $100 to $2.5 million, with a median grant size of $40,000. The foundation maintains a "preselected only" approach to grantmaking, indicating that it does not accept unsolicited proposals.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024:
- Revenue: $29,285,365
- Expenses: $33,477,306
- Total Assets: $41,000,000
- Total Liabilities: $6,570,000
The foundation ranks in the top 10% of foundations by asset size (#4,595 of 159,550 foundations nationally).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $40,968,618 | $22,766,935 | $22,528,651 |
| Revenue | $29,285,365 | $29,383,813 | $1,341,181 |
| Expenses | $33,477,306 | $34,021,840 | $19,307,602 |
| Qualifying Distributions | $35,067,953 | $33,950,371 | $18,908,412 |
| Net Investment Income | $3,482,706 | $3,828,728 | $5,137,243 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Eileen Rockefeller Growald — Director and President (10 hours/week, unpaid)
Paul J Growald — Director and Vice President (10 hours/week, unpaid)
Adam R Growald — Director and Treasurer (1 hour/week, unpaid)
B Stephen Toben — Director and Secretary (1 hour/week, unpaid)
Joanna Messing — Chief Executive Officer ($317,000 annual compensation)
Kabir Bavikatte — Director of Organization ($215,000 annual compensation)
Martha Belcher — Chief of Staff ($200,000 annual compensation)
Andrea Guerrero Garcia — Director of Field Innovation ($197,000 annual compensation)
Kartikeya Singh — Director of Collective Impact ($189,000 annual compensation)
Min Pease — Associate Director of Collective Impact ($182,000 annual compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EILEEN ROCKEFELLER GROWALD | DIRECTOR, PRESIDENT | 10 | — |
| PAUL J GROWALD | DIRECTOR, VICE PRESIDENT | 10 | — |
| ADAM R GROWALD | DIRECTOR, TREASURER | 1 | — |
| B STEPHEN TOBEN | DIRECTOR, SECRETARY | 1 | — |
| JOANNA MESSING | CHIEF EXECUTIVE OFFICER | 36 | $317,407 |
Recent News & Activity
Recent developments and announcements
In December 2020, Growald Climate Fund joined other philanthropies in committing to sustained collective action in response to the climate emergency on the eve of the fifth anniversary of the Paris Agreement.
Sequoia Climate Foundation - Full Filing - Nonprofit ExplorerIn June 2020, the foundation's team publicly expressed solidarity with the Black Lives Matter movement for racial justice.
In May 2020, Executive Director Joanna Messing was scheduled to speak as a panelist at the Asia Venture Philanthropy Network Conference on the topic of bridging the divide between climate and gender finance.
The foundation has been active in supporting climate change funding initiatives, including work related to conservation funding and climate change funding for underrepresented communities.
Sequoia Climate Foundation - Full Filing - Nonprofit ExplorerSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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