THE FOUNTAIN FUND
AI Summary
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The Fountain Fund is a nonprofit organization dedicated to increasing economic opportunities for formerly incarcerated individuals, helping them improve their lives and reintegrate into their communities. With an operating budget of $1.7 million and total revenue of $2.3 million for the 2024 filing year, the organization actively works to support rehabilitation efforts. The Fountain Fund does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its mission. For more information, visit www.fountainfund.org.
Mission Statement
THE FOUNTAIN FUND PROVIDES LOW-INTEREST LOANS, FINANCIAL EDUCATION, AND COMMUNITY SUPPORT TO FORMERLY INCARCERATED PEOPLE IN VIRGINIA. LOANS CAN BE USED TO PAY OFF COURT-IMPOSED OBLIGATIONS (COSTS, FINES, FEES, RESTITUTION, CHILD SUPPORT, ETC.), TO PURCHASE JOB-RELATED EQUIPMENT, TO START A SMALL BUSINESS, TO PURCHASE A CAR, OR TO SECURE HOUSING (FIRST MONTH'S RENT AND DEPOSIT).
Cause Areas
1
Rehabilitation of offenders
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is THE FOUNTAIN FUND’s budget?
In 2024, THE FOUNTAIN FUND reported an annual operating budget of around $1.7 million. More detailed financial information is available to registered users.
What causes does THE FOUNTAIN FUND support?
THE FOUNTAIN FUND supports work in Rehabilitation of offenders.
Where does THE FOUNTAIN FUND operate?
THE FOUNTAIN FUND is headquartered in Charlottesville, VA.
Who funded THE FOUNTAIN FUND recently?
In 2025, THE FOUNTAIN FUND received grants from Boston Foundation, Inc, TIDES FOUNDATION, and GREENLIGHT FUND INC. More information on this organization’s funders is available to registered users.
What is the largest grant THE FOUNTAIN FUND received in 2024?
The largest grant to THE FOUNTAIN FUND in 2024 exceeds $500 thousand.
What is THE FOUNTAIN FUND’s reliance on government grants?
THE FOUNTAIN FUND relied on government grants for less than 5% of their total revenue in 2024.