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Accesibility
A Letter From Our Co-Directors

A Letter From Our Co-Directors

Dear Third Wave Fund Community,

In one of Octavia Butler’s private journal entries, she reminds us that “there is nothing new under the sun, but there are new suns.” In a year shaped by transition and transformation, this wisdom has felt especially resonant. In 2024, we moved through a galaxy of emergence—welcoming new staff, deepening our resourcing commitments, and aligning more fully with the values that ground Third Wave Fund. Even amid uncertainty, we remain rooted in the legacy of movement builders, cultural workers, and radical resource-sharers who made our existence possible. From the very beginning, Third Wave Fund community met us with warmth and trust. You created space for us both to lead with clarity, imagination, and care. We inherited a staff of brilliant organizers, grantmakers, and resource movers who have been core to shaping our work and vision of impact.

Third Wave Fund’s commitment to gender justice continues to be essential. In 2024, at least 67 trans people—most under the age of 35—were killed or lost to violence across the U.S. and Puerto Rico. Over 550 anti-trans bills were introduced in 42 states, while attacks on abortion access, immigrant communities, and Muslim organizers surged alongside global calls for Palestinian liberation. Climate disasters decimated community organizing hubs, and Cop City developments, detention sites, and data surveillance initiatives expanded.

In the face of all of this, we remained clear at Third Wave Fund: The transformation we need cannot exist within silos—we must understand our work as a shared strategy for liberation. Gender justice and liberation is inseparable from racial justice, disability justice, sex worker-led organizing, transformative justice, and reproductive justice—and we need them all in our resistance and fight for liberation.

We met the moment in 2024 by staying the course in our grantmaking, redistributing over $3.2 million through 122 grants to 111 grantee partners across the U.S. and U.S. territories—with over $1 million of those funds spread about the South. We created new pathways of support for grantee partners, and moved additional resources to respond to climate crises and urgent threats. We deepened our long-term funding, fellowships, participatory grantmaking, and rapid response funding—because our survival and freedom demands infrastructure that is built to last.

As we look to 2025 and beyond, we are energized by the future. There are new suns. New ways forward. New possibilities. New forms of resistance. New leaps. New strategies. New solutions. We’re grateful for the lessons of 2024, our communities of resource, action and care, and feel clearer than ever that we will keep moving toward the bright unknown.

With deep gratitude and fierce commitment,

Morgan and MARS photo

Co-Directors, Third Wave Fund

Morgan (Mo) Willis and MARS. Marshall

2024 Grantmaking Highlights

2024 Grantmaking Highlights

Overview

$3,272,623

Total funds distributed 
6.81% increase compared to last year

122

Total grants distributed
11.93% increase compared to last year

111

Total grantee partners
14.43% increase compared to last year

By Grantmaking Area

Disability Frontlines Fund

$893,313

15 grantee partners 
Sex Worker Giving Circle

$780,285

25 grantee partners
Grow Power Fund 

$671,800

17 grantee partners
Mobilize Power Fund

$434,850

47 grantee partners
Own Our Power Fund

$284,000

11 grantee partners
Accountable Futures Fund

$208,375

8 grantee partners

By Region

$1,060,075

South/Southeast

$681,573

West Coast/Pacific

$499,150

Midwest

$436,250

National

$238,500

U.S. Territories

$223,125

North/Northeast

$117,950

Mountain West

Communities Served

88%

BIPOC-led groups

32%

moved to the south/southeast

Types of Funding

43%

Rapid response funding

63%

Multi-year funding
Our 2024 Grantee Partners

Our 2024 Grantee Partners

Please note: Third Wave Fund covers fiscal sponsorship fees on top of the grant amount awarded; grant amounts may vary depending on fiscal sponsorship fees.

Fund Symbol Key

Disability Frontlines Fund
Mobilize Power Fund
Grow Power Fund
Own Our Power Fund
Sex Worker Giving Circle
Accountable Futures Fund
Grantmaking Deep Dives

Grantmaking Deep Dives

How we’re meeting the moment to prioritize the safety of our communities:

If you’ve read past Years in Review from Third Wave Fund, you’ll notice that this next section looks a little different from previous years. To unapologetically protect the safety and security of our grantee partners in this increasingly fascist political climate, we are not sharing any specifics about individual groups’ organizing work. In place of grantee spotlights, our Programs staff have poured their gained wisdom and experiences from their partnerships with our grantees into “deep dives” for each of our grantmaking areas. These briefings still capture the full breadth and depth of the intersectional gender justice ecosystem that we proudly fund.

If you feel moved by this work and want to hear more specifics about our grantee partners and further resource their efforts, we want to meet with you—and we’re eager to build together. Connect with our Development team at fundraising@thirdwavefund.org to schedule a chat.

*Grantee partners with asterisks in the following sections were part of our 2024 grantmaking dockets, but due to delays and/or shifts in their infrastructure, their funds were not distributed until early 2025.

Mobilize
Power Fund

In 2024, the Mobilize Power Fund distributed $434,850 in rapid response grants to 47 organizations spanning the U.S. and U.S. territories, including 10 hurricane relief-specific grants to organizations leading relief efforts in BIPOC communities in impacted areas directly after Hurricane Helene.

The Mobilize Power Fund (MPF) is a rapid response fund that resources gender justice organizations to adapt or pivot their work when met with unanticipated, time-sensitive opportunities or threats to their movement building work and organizing conditions.

In 2024, our grantees met crises with creativity and heart. Emergency situations caused by climate crisis, a proliferation of anti-trans legislation, increased repression and criminalization, and the pressures of increasing state violence and environmental instability compounded upon individuals and the organizations they are a part of. But our grantee partners responded with both breadth and depth. Groups, organizations, and partnerships mobilized hard for all forms of justice and liberation, both locally and inclusive of issues abroad. We resourced a wide range of community mobilizations and direct actions for a wide range of issues, including:

Trans justice in the face of increasing anti-trans legislative attacks
Solidarity actions for Palestinian liberation and an end to genocide
Collective healing and care work
We also supported:
Mutual aid and harm reduction efforts
Media campaigns
Cross-movement solidarity efforts
Collective healing and care work

We witnessed an increased financial need for resourcing safety and security measures — a trend we are anticipating will grow in the months and years to come. Many of our grantees received funds to address acute and ongoing attacks on their safety, privacy, and wellbeing, particularly for those experiencing doxxing and harassment for their ongoing organizing around queer and trans justice and liberation, abortion access, support for Palestine, and more. And, in response to the physical, mental, emotional, and spiritual impacts of ongoing and acute violence and criminalization experienced by their communities in 2024, we saw an increase in requests for community healing and care work, specifically by-and-for Black and BIPOC trans, immigrant, and sex worker communities.

We continue to strategize how we can best show up to this moment as a rapid response fund. In December of 2024, we worked with our Grow Power Fund staff on a blog on the necessity of both rapid response and multi-year funding to sustain our movements right now and for years to come.

We are grateful for the groups and organizations we are able to be in partnership with along the way, and we will continue to move responsively and accessibly on our path to justice and liberation.

Grow
Power Fund

In 2024, the Grow Power Fund distributed $671,800 to 17 organizations.

The Grow Power Fund (GPF) provides up to six years of holistic support inclusive of general operating support, capacity-building resources, and organizational development coaching.

In 2024, two Southern-based, Black trans-led groups, who are leaders in radical gender justice work, completed their sixth and final years as Grow Power Fund grantees. The Grow Power Fund also awarded two new six-year grants to groups leading national, feminist base-building work, and working at the intersection of sex worker organizing and abolition.

In 2024, many GPF grantee partners experienced doxxing and attacks on their safety because of their anti-imperialist, pro-trans, and immigrant support work. At the same time, many groups in our overall grantee partner ecosystem experienced similar threats and loss of funding because of their work. We made the decision to pivot toward setting aside some of GPF’s funds to provide one-time, rapid response grants to support grantee partners facing unanticipated crises. We also dedicated more time towards providing relational support and holding space for grantee partners navigating physical and financial threats, as well as organized abandonment of their work by larger philanthropic partners.

Our grantee partners also navigated deep personal losses of leaders and founders of their organizations, leading them to pause or slow down their work in order to grieve. GPF offered support by re-iterating that they were not going to lose funding if visible organizing work slowed down, and supporting them in finding resources that would facilitate space for their collective grief.

Many grantee partners were already navigating multiple losses: loss of funding, loss of personal safety, loss of space, and loss of family and co-strugglers — all even before the results of the elections. Holding space for that loss while trying to mobilize against violence was hard. However, grantees still found space for joy and creative resistance, modeling generosity and doubling down on being sanctuaries for their communities.

Black trans and immigrant groups in the South organized to house more community members than in 2023. They were able to win asylum for immigrant trans families despite attacks on their property. Reproductive justice groups were able to fund access to more reproductive care despite funding drying up for direct material support post-Dobbs giving—and still brought international attention to the rollbacks on bodily autonomy happening in the United States. Sex worker-led groups were able to build coalitions to combat criminalization while supporting individual criminalized sex workers building lives after incarceration.

Internally, we continue to strategize how we can best show up for our grantee partners, and the larger TWF grantee partner ecosystem, as a multi-year fund. In December of 2024, we worked with our Mobilize Power Fund staff on a blog on the necessity of both multi-year and rapid response funding to sustain our movements right now and for years to come.

Own Our Power Fund

In 2024, the Own Our Power Fund distributed $284,000 to 11 organizations during the first year of their two-year grants.

The Own Our Power Fund (OOPF) makes two-year capacity-building grants for projects that seek to increase the agency that communities have over their organizations by supporting leadership, sustainability, and self-representation. 

This cycle of OOPF grantee partners (2023–2025) are BIPOC women, femmes, and trans people who worked towards the following in 2024:

organized online fandoms to combat racism and transphobia
engaged in base building work for feminist demands around the Equal Rights Amendment
provided BIPOC-led peer mental health support
provided direct material support to unhoused trans people in the South
organized with incarcerated youth to support abolition
organized with working class youth for school curricula that reflect them
mobilized trans climate crisis responders in the South
re-matriated land back to queer Indigenous stewards
created a helpline to support queer and trans youth
created radical art and education tools for public space reclamation in Puerto Rico
and reinvigorated a vibrant LGBTQ+ API community center. 

In 2024, we prioritized a lot of 1:1 organizational development support with our OOPF grantee partners—because capacity building requires relationship building, and that capacity needs can change over the course of a grant cycle. Our grantee partners appreciated the space to pivot and apply resources towards restructuring so that they could be more sustainable for the long haul.

As we witnessed themes emerging across our grantee partners’ work, including undergoing leadership shifts and changes, discernment of when the work is done, and utilizing art as culture-shifters to impact people’s materials conditions, we were reminded of how organizing work is fundamentally about principled relationships as the building blocks of any mass mobilization. From our grantee partners, we learned that it’s okay to shift duties, and that we don’t have to compromise our relationships of care to meet external ideas of success. We learned that sometimes the end goal is establishing a coalition and getting out of the way so that it can grow beyond you, and that ultimately, BIPOC and youth leadership can bring us liberation when we can create space for them to lead.

Accountable
Futures Fund

In 2024, the Accountable Futures Fund distributed $208,375 in multi-year general operating support grants to eight organizations spanning the contiguous U.S. Our grantee partners worked both locally and nationally to build up the skills and capacity of their communities to respond to harm and violence in ways that create sustainable alternatives to the police, prison, and other carceral systems.

The Accountable Futures Fund (AFF) supports grassroots organizations led by BIPOC cis and trans women, and queer, trans, and gender non-conforming people who are developing the fields of transformative justice, restorative justice, and community accountability. 

For many of our grantee partners, 2024 was a year of shift, change, and/or growth. This looked like groups expanding the reach and frequency of their trainings and community offerings, launching new programs, navigating shifts in leadership, developing new partnerships, and tending to many and multiple forms of loss. 2024 was also a particularly demanding year. As current political and environmental conditions intensified in all areas and at all levels, our grantees experienced an increase in demand for their conflict navigation and community accountability skills, and the training, mentorship, and learning spaces they had to offer. 

The ongoing genocide in Palestine also asked our grantee partners to both expand and pivot from their ongoing work, to balance both showing up to emergent mobilizations while also continuing their ongoing training, facilitation, and direct accountability work. In addition, the increase in collective exposure to mass violence increased conversations around accountability, violence, and harm, particularly on social media, in ways that both created visibility and flattened complexity, creating new sets of questions and challenges for existing practitioners to navigate. 

Through these challenges, our grantee partners continued to move forward in their work. They deepened relationships, celebrated life, and saw the impacts of their accountability work in big and small ways. 

Internally, Third Wave Fund made moves to more fully resource this program by shifting our staffing structure so that a full-time Program Officer could be solely dedicated to this fund. With this change being finalized in 2025, we are excited for the Accountable Futures Fund to continue to grow into its purpose in ways that are responsive to and reflective of the needs of our grantees and the unique conditions they navigate in this work.

Sex Worker Giving Circle

In 2024, The Sex Worker Giving Circle awarded $780,285 in multi-year grants to 25 grassroots organizations advancing sex worker rights and liberation across the U.S.

The Sex Worker Giving Circle (SWGC) is a community-led grantmaking program stewarded by individuals with lived experience in the sex trade. Through a popular education-style fellowship, participants engage deeply in social justice philanthropy and make all major funding decisions.

This year marked a powerful milestone: our first-ever advisory board made up entirely of former Fellows, and the second consecutive year with a fully staffed team of former Fellows, reflecting our continued commitment to developing leadership within our own communities. Advisors led dynamic workshops on consensus-based decision-making and sex worker-led movement strategies, grounding the grantmaking process in lived experience, geographic diversity, and shared political values.

In response to evolving movement needs and direct grantee partner feedback, we increased our grants to up to $35,000 while sustaining multi-year support. This year’s grantee partners are leading transformative work, including:

coalition-building in the Midwest,
arts and cultural organizing on the West Coast,
and harm reduction and healing justice for Black trans communities in the South.

Together, our 2024 grantee partners illuminate the power and urgency of sex worker-led organizing, and the necessity of funding work rooted in community connection, resilience, and mutual care.

Beyond grantmaking, the SWGC expanded its reach through national convenings and workshops. We shared our participatory model with the National Network of Abortion Funds, co-presented with Borealis Philanthropy at The Collective Power for Reproductive Justice Conference, and facilitated a grantwriting session for New Moon Fund’s Spokeshub. These engagements deepened peer learning, expanded our reach, and solidified SWGC’s role as a leader in equitable, community-rooted funding practices.

Disability Frontlines Fund

In 2024, the Disability Frontlines Fund distributed $893,313 to 15 organizations and individuals as part of its multi-year learning grant commitment.

The Disability Frontlines Fund (DFF) focuses on directly resourcing groups that center and build the leadership of Black, Indigenous, People of Color (BIPOC) who identify as D/disabled, living with disabilities, D/deaf, hard of hearing, chronically sick/ill, neurodivergent, and/or mad, and who practice Disability Justice. We resource these communities in order to create impactful, intersectional and sustainable movements that address issues facing BIPOC disabled communities in an ableist world.

In 2024, we witnessed DFF grantee partners move with fortitude, grounded strategies, and an unwavering commitment to sustaining their communities through loss, grief, COVID denialism, a political landscape attacking resources, ongoing genocides, weaponized misinformation, and many in philanthropy divesting from disability justice movements. Our grantees rooted deeper in Disability Justice legacies that precede oppressive regimes targeting D/disabled, D/deaf, hard of hearing, chronically sick/ill, neurodivergent, and/or mad, Queer, Trans, Black, Indigenous and People of Color.

Throughout 2024, our grantee partners cultivated access to invaluable resources, nurturing networks of care and rapid response that supported the daily lives of D/disabled BIPOC, including caregivers, survivors, and youth. They led political education programs and oral history projects that document the true lived experiences of their communities. Grantee partners also strengthened connections beyond isolation by hosting festivals and gatherings, prisoner solidarity and reentry support, affinity spaces for support, arts residencies, and community-led research to identify needs, provide resources, and inform strategies.

Internally in 2024, we welcomed Cory Lira as DFF’s new Program Officer. In their first year, Cory attended the first ever StaceyFest, a project of DFF grantee Disability Justice Culture Club, that celebrates the work and legacy of disability justice leader Stacey Park Milbern.

2024 was about deepening relationships with our grantee partners. We have learned so much, and we close our learning grant phase with many reflections as we prepare for our next grant cycle in 2026. Some of our 2024 takeaways that ground us as we move forward are: funding Disability Justice movements should be long-term and sustained commitments. Disability Justice is a core part of all justice & liberation, and there is a sacred connection there that, when met with resourcing and collective care, strengthens all movements.

Grief in 2024

Grief in 2024

Loss and grief profoundly shaped Third Wave Fund’s experiences of 2024. As staff, advisors, grantee partners, and movement building comrades, we lost matriarchs and mentors, family members and friends. We lost leaders of all kinds - artists, organizers, care workers, vision keepers. We experienced these losses individually and collectively, directly and vicariously, and each loss had its own unique magnitude and impact. Because there is no way to adequately express these diverse experiences of loss in this context, we will not list individuals here. Instead, we’re exploring ways to collaborate with our community members to more fully honor these experiences.

While loss and grief have always been a part of our movement building and organizing realities, we are living through times where the amount of loss that we are experiencing on a daily basis is bigger than many of us know what to do with. As loss and grief become a growing part of our organizing and funding work, we are being asked to reconsider how we work, how we fund, and how we organize, as well as how we show up for ourselves and each other. We don’t always have the answers or know what to do. But we know that it is critical for us to try: these reflections are one small part of this effort.

Movements and organizations are made up of living, breathing human beings, with wildly and beautifully complex lives, unfolding within the relationships and communities we are a part of. We are profoundly grateful to have known the people we’ve lost, to have been able to learn from them and now to honor those lessons in our daily lives. When one of us dies, there is an invitation to us to show up for ourselves and each other with even greater care and intention, and to show up to the moment using the resources we have in new and creative ways.

We deserve to have dignified deaths and dignified lives. We deserve to grieve and be grieved for. We recognize that part of our role — as human beings and as funders — is to work whole-heartedly to shift the conditions that thrive on premature death, so that more of our people are able to stay alive, and to co-create a world where our people and communities have the time, resource, care, and support they need to be with grief, however that grief shows up. We are committed to keep trying to build that more just, abundant, and nurturing world alongside our communities.

Moments in 2024

Moments in 2024

Our staff, grantee partners, fellow funders, and supporters worked together within an ecosystem to advance the critical life-giving and -saving work of BIPOC, queer, trans, intersex, and sex working organizers. Here are a few Third Wave Fund highlights from 2024 that give us hope for our continued struggle for justice:

We Redistributed Over $3 Million to the Field

Supporters like you allowed us to break through the $3 million dollar grantmaking ceiling in 2024, a 6.81% increase from the previous year! At a time when funding to our communities is decreasing, we redistributed these critical funds to over 100 gender justice groups, organizations, partnerships, and leaders across the U.S. and U.S. territories. Additionally, we supported queer and trans BIPOC artists, designers, and community gatherers through non-grant specific resources, including sponsorships, stipends, and commissions.

We Shared Stories from the Frontlines

In 2024, we collaborated with more grantee partners to amplify their organizing stories. We shared interviews with disability justice grantee partners in Puerto Rico and with D/deaf and Hard of Hearing community in Washington D.C., in addition to sex worker-led groups like Artists Revolt to highlight their LA-based sex worker organizing work.

We Made Connections Between Gender Justice and Climate Resilience

In the face of unnatural disasters like Hurricane Helene in 2024, we met the moment through our Mobilize Power Fund by resourcing BIPOC, working class, disabled, trans, and/or rural folks, moving over $50,000 to mutual aid disaster response. Our Director of Development, Maryse Mitchell-Brody, shared their monthly sustainer story and how gender justice requires climate resilience on our blog.

We Emphasized Both Rapid Response and Long-Term Funding as Critical

In the face of heightening political attacks on our communities, we expressed the need for funders to become  even more agile, experimental, and deeply connected. Our Program Officers for both rapid response and multi-year funding at Third Wave Fund wrote about the importance of giving people multiple ways to be resourced in order to confront the realities of change with confidence.

We Gathered Community to Foresee Liberation

In October of 2024, we hosted our annual fundraising event, once again entirely virtual, switching up the name to We Foresee Liberation. Through music, poetry, and generative discussions featuring Southern queer and trans organizers, we collectively conjured a future in which gender justice and liberation is realized for all. Thank you to all who joined us, including artists Kesswa, FreeQuency, Aurielle Marie, and Black trans organizers and activists from the Tennessee Family as Freedom Project.

“Emergent Strategy for Funders” Moved from Blog to Book

In 2019, our friend and former Board member adrienne maree brown wrote an incredible piece for our guest blog series on what Emergent Strategy might look like in the philanthropic field. In 2024, we were thrilled to see that blog featured in adrienne’s new book, Loving Corrections, a collection of love-based adjustments to grow our movements in this unprecedented political moment.

We Welcomed New Leadership

In March of 2024, former Co-Directors Ana Conner and Kiyomi Fujikawa transitioned out of their roles, and we welcomed new leaders in—MARS. Marshall and Morgan “Mo” Willis (or MoMA, if you will)! From spreading the word in the media and at countless convenings, to building out our strategic vision for the work ahead, we’ve been so grateful to be stewarded by MoMA’s powerful leadership.

Donor Stats & Reflections

Thank You to
Our Supporters

Because of the realities of this political moment, for the first time, we will be keeping all of our 2024 supporters’ names confidential. We are profoundly grateful for the 656 individuals and 18 institutional funders that resourced our grantmaking, leadership development, and philanthropic advocacy last year. Institutional funders made up 48.4% of our income in 2024, with individual supporters making up the remaining 51.6%. Of the individuals, 258 were one-time donors, 319 were recurring donors, and 79 were donors with multi-year pledges.

51.6%

of income comprised of individual donors

48.4%

of income comprised of institutional funders

79

individual donors with multi-year pledges

258

individual one-time donors

319

individual recurring donors

656

individual donors

18

institutional funders

Illustration of marchers

Donor
Reflections

As a by-and-for funder, we count on individuals to support a significant portion of our grantmaking budget, which in turn gives each of our young, cross-class, QTBIPOC-centered, and feminist donors a place in philanthropy. At a time when some institutions have caved to right-wing political pressures and stopped funding trans, BIPOC, migrant, and sex worker-led work, our activist donors have become even more essential to fulfilling our purpose. These incredible supporters haven’t just shown up for our work financially — they’ve acted as advisors and thought partners, signal boosted our work, and generally been some of our biggest cheerleaders. 

Hear from a couple of our long-term donors on why they regularly join us in resourcing young organizers pushing the boundaries of change towards collective liberation, and join us at any time and any amount.

Eugenia Lee Photo

“Third Wave Fund's work is the work of courageous imagination and hope. For decades, Third Wave Fund has been at the forefront of radical funding and organizing, supporting visionary groups ignored by mainstream philanthropy. As a mother, abortion doula, and advisory council member, I'm grateful for the many ways Third Wave Fund is building the world we want to see and deserve. I'm proud to be a monthly donor!”

Eugenia Lee

Monthly donor and STAR. advisory council member  

Kira McGieson photo

“Giving to the Sex Worker Giving Circle at Third Wave Fund is a joyful experience for me. The work they do gives me hope that we will live in a world where the most marginalized are centered, supported and loved. The SWGC is particularly meaningful to me because it uplifts gender justice, reproductive justice, public health and supports families and parents, which are all things I care deeply about. That's why I made a three-year commitment to help sustain this work for the long haul.”

Kira McGieson

Annual donor

2024 Financial Statement

2024 Financial Statement

The year 2024 marked a moment of significant transition as Third Wave Fund welcomed new leadership and continued internal growth. As the landscape of funding began its shift, we focused on how to financially sustain the organization by retaining current donors and deepening our relationships with our institutional donors.

Our expenses in 2024 ended at $6.7M, and we paid out $3,272,623 in grants, sponsorships, and capacity-building support. At the close of 2024, we raised over $8.2M (compared to $7.5M in 2023) to support our efforts to mobilize resources for our movements. In addition to the money we raised this year, we want to share more about the overall financial health of Third Wave Fund.

Savings, Endowments, and Reserve

Six Month Reserve

As a best practice, our fiscal sponsor, Proteus Fund, requires all fiscally sponsored projects to maintain a reserve of six months’ operating expenses (excluding grantmaking expenses). Third Wave Fund currently holds $2,040,704 as a dedicated six-month reserve.

Endowments and Investments

DataCenter Endowment

The DataCenter, an incredible movement-building research organization that coined the term participatory action research, closed in 2017 and donated its assets (about $458,000 at the time of closure) to Third Wave Fund with the agreement that we would use 5% of the restricted endowment to make grants toward participatory action research projects. These are made through our Own Our Power Fund or Mobilize Power Fund. 

Lela Breitbart Memorial Fund

At the time of the closure of Third Wave Foundation (our former name) in 2014, we had an endowed fund called the Lela Breitbart Memorial Fund, a fund which a donor generously set up when her daughter, an ardent young feminist activist who worked at Planned Parenthood, unexpectedly and tragically passed away.

Total Investments

With our combined investments, we have approximately $1.495M invested in a LGBTQ-owned social responsible fund, an increase of approximately $160k from last year.

Liabilities

Third Wave Fund prioritizes multi-year funding across many of our funds. These commitments include funding for a range of two to six years. As a result, we are currently liable for $1.7M  in multi-year grant commitments.

Net Assets

Our net assets are a projected total of $9.982M with $2.693M of that total in Restricted Net Assets. Our Restricted Net Assets include multi-year grants awarded to our organization that are not scheduled to be released until 2025 or later. We are grateful to have multi-year funding commitments from our individual and institutional donors — it’s through these deep commitments that we are able to commit to multi-year funding for our grantee partners.

Our Staff & Advisory Council

Our Staff & Advisory Council

(as of January 2024) 

Third Wave is led by and for the constituencies we serve because there can be nothing about us without us. We believe that lived experience generates wisdom, creativity, and expertise. We are a passionate staff of 19 existing across the diasporas of gender, ethnicity, ability, and location. We are full of brilliant, highly engaged staff who have deep relationships to movement and organizing and are passionate about sharing our resources as thoroughly as possible. In 2024, our organization hired a new co-directing team and dedicated its year to identifying how we might continue our transformation in ways that feel sustainable and exciting. Additionally, we have an advisory council of eight brilliant community members that provide our staff with strategic guidance on our path towards resourcing justice and liberation work .