attestation-findings/data/processed/windward_hopewell_schedule_i_analysis.md
2026-03-14 05:57:07 +00:00

9.4 KiB

Windward Fund & Hopewell Fund Schedule I Grant Recipient Analysis

Research Date: 2026-03-13 Data Source: IRS Form 990 XML e-files via ProPublica Nonprofit Explorer Filing Years: 2023-2024 for both entities


Executive Summary

Analysis of 1,316 grant recipients across Windward Fund and Hopewell Fund's 2023-2024 Schedule I filings found ZERO grants to any child online safety, age verification, digital childhood, or tech policy advocacy organization. This completes the analysis of all five Arabella Advisors network entities.

Final Arabella Network Total: Across all five entities (NVF + STF + North Fund + Windward + Hopewell), 4,433 grants totaling approximately $2.0 billion have been analyzed, with zero dollars going to any organization related to child online safety, age verification, or the App Store Accountability Act. The Schedule I grant pathway is definitively ruled out across the entire Arabella network.


1. Windward Fund

EIN: 47-3522162 Address: 1828 L Street NW, Suite 300-C, Washington, DC 20036 Tax Status: 501(c)(3) Board: Adam Eichberg is a founding board member

2024 Filing

Metric Value
Revenue $308,245,754
Total Assets $432,729,235
Grant Recipients 458
Total Grants $137,706,713

2023 Filing

Metric Value
Grant Recipients 294
Total Grants $111,308,355

Combined Windward (2023-2024): 752 grants, $249,015,068

Target Organization Search — ZERO MATCHES

No grants to any child safety, age verification, digital childhood, or tech policy organization in either year.

Keyword Matches — False Positives Only

  • "Online News Association" ($75K, 2024) — journalism, NOT online safety
  • "San Bernardino County Fire Protection District" ($546K, 2024) — public safety (fire), NOT digital safety
  • "Hoopa Valley Tribe" ($110K, 2023) — public safety, tribal fire protection
  • "Karuk Tribe" ($200K, 2023) — public safety, tribal fire protection

Grant Portfolio Character

Windward Fund is overwhelmingly an environmental and climate grantmaker:

2024 by Purpose:

Category Amount %
Environmental Programs $131,769,360 95.7%
Agriculture, Food, Nutrition $5,391,000 3.9%
Public Safety, Disaster Preparedness $546,353 0.4%

Top Recipients (2024): University of Illinois ($8.25M), Environmental Defense Fund ($7.77M), Carbon Mapper ($5M), Hourglass Climate ($3.95M), Energy Foundation ($3.42M), Cornell University ($2.99M), NRDC ($2.30M), World Resources Institute ($2.30M)

Internal Arabella Transfers

Year To Amount Purpose
2024 Sixteen Thirty Fund $1,000,000 Environmental Programs
2024 Hopewell Fund $75,000 Environmental Programs
2023 NVF $80,000 Environmental Programs
2023 Sixteen Thirty Fund $500,000 Environmental Programs

2. Hopewell Fund

EIN: 47-3681860 Address: 1828 L Street NW, Suite 300-D, Washington, DC 20036 Tax Status: 501(c)(3)

2024 Filing

Metric Value
Revenue $208,022,501
Total Assets $172,927,279
Grant Recipients 256
Total Grants $112,269,582

2023 Filing

Metric Value
Grant Recipients 308
Total Grants $84,561,932

Combined Hopewell (2023-2024): 564 grants, $196,831,514

Target Organization Search — ZERO MATCHES

No grants to any child online safety, age verification, digital childhood, or tech policy organization.

Keyword Matches — All Traditional Children's Welfare

The "child" keyword produced multiple hits, but all are traditional children's welfare organizations — early childhood education, children's health, and youth advocacy. None are related to digital/online child safety, age verification, or tech policy:

Organization Amount Year Actual Focus
Children's Action Alliance $106K/$82K 2024/2023 AZ child welfare policy
Children's Defense Fund $125K 2023 Child poverty/health
Maine Assoc. for Education of Young Children $20K/$25K 2024/2023 Early childhood education
Maine Children's Alliance $25K 2023 Child welfare policy
Idaho Voices for Children Foundation $157K 2024 Child welfare policy
Stand for Children Leadership Center $50K/$75K 2024/2023 Education advocacy
Voices for Virginia's Children $25K 2024 Child welfare
Wisconsin Early Childhood Association $270K/$120K 2024/2023 Early childhood education
New Mexico Voices for Children $100K 2023 Child poverty
Partnership with Children $50K 2023 Youth development
Commonsense Childbirth Inc $5K 2024 Midwifery/maternal health

US Digital Response ($500K each year) — government technology services, NOT digital child safety or tech policy.

Grant Portfolio Character

Hopewell Fund focuses on progressive civic engagement and reproductive health:

2024 by Purpose:

Category Amount %
Civil Rights, Social Action, Advocacy $88,602,246 78.9%
Health $18,190,554 16.2%
Ballot Measure $2,542,000 2.3%
Youth Development and Education $2,440,074 2.2%
Technology and Innovation $234,709 0.2%

Internal Arabella Transfers

Year To Amount
2024 New Venture Fund $11,045,000
2024 Sixteen Thirty Fund $8,296,066
2023 New Venture Fund $6,527,128
2023 Sixteen Thirty Fund $250,000
2023 North Fund $45,000

Key Finding: Hopewell is a major reverse feeder — sending $11M back to NVF and $8.3M back to STF in 2024. This adds another dimension to the circular Arabella flow.


3. Complete Arabella Network Analysis — ALL FIVE ENTITIES

Entity Type Years Grants Amount Child Safety
New Venture Fund 501(c)(3) 2022-2024 2,669 ~$1.28B $0
Sixteen Thirty Fund 501(c)(4) 2024 306 ~$208M $0
North Fund 501(c)(4) 2023-2024 142 ~$59M $0
Windward Fund 501(c)(3) 2023-2024 752 ~$249M $0
Hopewell Fund 501(c)(3) 2023-2024 564 ~$197M $0
TOTAL 4,433 ~$2.0B $0

Complete Internal Transfer Map (2024)

                    ┌──$11M──→ NVF ──$121.3M──→ STF
Hopewell ──$8.3M──→ STF ──$6.8M──→ North Fund ──$5.3M──→ STF (circular)
                                     North Fund ──$250K──→ Windward
NVF ──$8.8M──→ Hopewell              North Fund ──$150K──→ Hopewell
NVF ──$20.9M──→ North Fund
Windward ──$1M──→ STF                STF ──$162K──→ NVF (reverse)
Windward ──$75K──→ Hopewell          STF ──$1.4M──→ Hopewell
                                     STF ──$6.8M──→ North Fund

The Arabella network transfers are multi-directional and circular — every entity both sends and receives from multiple other entities, making the network function as a single financial organism despite its formal separation into five legal entities.


4. Conclusions

Definitive Finding

The Arabella Advisors network does NOT fund child online safety, age verification, or tech policy advocacy through its Schedule I grant mechanism. This finding is based on analysis of 4,433 grants totaling approximately $2.0 billion across all five network entities, with zero matches for any relevant organization or keyword.

What This Rules Out

The most transparent pathway for Meta → Arabella → DCA funding (Schedule I grants) is definitively closed. Any Meta funds flowing through the Arabella network to support child safety or ASAA advocacy would require:

  1. Fiscal sponsorship — DCA operating as a "sponsored project" (does not appear on Schedule I)
  2. Non-grant payments — Consulting fees, service contracts, or management fees
  3. NVF lobbying expenditures — $36.7M (Part IX) could fund advocacy outside Schedule I
  4. Arabella management fees — Arabella Advisors (now Sunflower Services) charged $13.5M to NVF alone

What This Confirms About the Network

  1. Windward Fund is an environmental grantmaker (96% of grants to environmental programs)
  2. Hopewell Fund is a civic engagement and reproductive health grantmaker
  3. All five entities transfer money to each other, confirming operation as a unified network
  4. Adam Eichberg sits on the boards of both NVF (chair) and Windward (founding member) — two of the five entities that collectively manage $2B+ in grants with zero child safety spending

Sources