A pooled fund, not a foundation
Co-Impact is a collaborative rather than an endowed foundation. More than fifty funders across
sixteen countries put capital in; Co-Impact’s regional teams source and manage the partnerships.
Founded in 2017, it says its two funds have mobilized over $910 million to more than 140
initiatives.
The structure explains the behaviour. A pooled vehicle exists to make commitments larger than its
individual members would make alone, which pushes it toward fewer, bigger, longer relationships —
and away from open application cycles, which are expensive to run and produce a pipeline poorly
matched to that kind of commitment.
So the answer to the practical question is: no, you cannot apply. Co-Impact states that it does not
currently accept unsolicited proposals.
Where the money is moving now
Two things changed in 2026. First, Co-Impact is adding money through named partnerships with
specific scopes rather than open calls. The LEGO Foundation committed US$30 million in May for
locally rooted and refugee-led organizations, and in September the two announced seven program
partners in Kenya and Nigeria. In June, Pivotal committed $40 million for organizations integrating
mental health into maternal and primary care. If your work sits inside one of those scopes, that is the
sourcing channel to watch.
Second, the leadership is changing. Olivia Leland, who founded Co-Impact, steps down as CEO at the
end of 2026 and moves to the board; President Awo Ablo takes over in January 2027.
The distinction that decides fit
Co-Impact funds systems change, and it means something specific by that. The target is how a
public system functions — the policies, institutions and norms that determine outcomes for a whole
population — not the delivery of a program operating alongside that system.
This is the filter that matters, and it eliminates a great many excellent organizations. A
high-performing NGO running schools is delivering services. An organization changing how a national
education ministry trains and deploys teachers is changing a system. Both are valuable; only the
second matches this thesis.
If you are unsure which you are, the useful test is what happens if your organization disappears. If
the improvement disappears with you, it was service delivery. If it persists inside the public
system, it was systems change.
Co-Impact’s own home page names the kind of partner it means: Last Mile Health, CAMFED, TaRL
Africa, Harambee, RySS and the GQUAL Campaign among them.
Who this is not for
Organizations outside Africa, Asia and Latin America. The geography is not flexible.
International intermediaries. The model centres locally-rooted organizations and, in the Gender
Fund, predominantly women-led ones. Northern NGOs implementing in these regions are a different
profile from the one Co-Impact is built around.
Anyone needing a decision this year. Sourcing is relationship-led and slow by design.
Smaller organizations. With more than $910 million mobilized across 140-odd initiatives, the
typical commitment is large, which implies partners with the capacity to absorb it. At the other end
of the scale, the Mulago Foundation backs leaders of smaller
organizations with $200,000 unrestricted fellowships, by referral only, and the
DRK Foundation takes applications
year-round from early-stage organizations in Africa and India, among other places.
Where to check the filings
Co-Impact spent its first five years as a fiscally sponsored project of New Venture Fund, so its
early finances are reported inside that organization’s returns. Its own U.S. public charity, Co-Impact
Philanthropic Funds Inc. (EIN 88-2408684), was set up in April 2022, and the spin-off finished in
2023. That entity’s 2024 Form 990 reports $71.2 million in grants paid, $84.9 million in total
expenses and $272.9 million in total assets at year end. More than half of its 2023 revenue of
$360 million was the transfer of funds from New Venture Fund, so do not read it as one year’s
fundraising.
A note on the numbers you will see quoted
Co-Impact is widely summarized secondhand, and the figures drift — including on its own site. When
this page was last checked, in August 2026, the about page said $870 million mobilized; in October
it says $910 million. The same
page still carries an older block quoting $430 million, and the home page’s counter strip shows
$420 million, 100 initiatives and ten funding partners across fifteen countries.
The “840 million people” figure that circulates is on the home page. It is a projection of people
who will benefit, not a count of people reached. Grant-size ranges quoted elsewhere, including a “$10 million
to $50 million per initiative” figure, are not published on Co-Impact’s funding pages, so this
guide does not repeat them as fact.
The figures this page uses are the current about page’s: over $910 million mobilized, 140-plus
initiatives, 50-plus funding partners from sixteen countries, and $1 billion to deploy by 2030.