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TELESCOPE FUND: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
TELESCOPE FUND (EIN 86-2577635)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-11
IRS object ID
202533159349306033
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-11-11T17:36:16-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY ADVISORY GROUP LPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 SECOND STREET SUITE 900AddressLine1Txt
CitySAN FRANCISCOCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94105ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN862577635EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TELESCOPE FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTELEBusinessNameControlTxt
Phone2029711471PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11050 CONNECTICUT AVENUE NW 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLESLIE PAYNEPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2029711471PhoneNum
Signature2025-11-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL LUMSDENPreparerPersonNm
PTINP01262236PTIN
Phone4159561500PhoneNum
Preparation2025-11-06PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLESLIE PAYNEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11050 CONNECTICUT AVENUE NW 500AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,536,429GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.TELESCOPEFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2021FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionPARTNERING WITH DONORS TO EXPAND PHILANTHROPIC GIVING.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers5TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$67,939,363PYContributionsGrantsAmt
CY Contributions Grants$4,000,000CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$1,432,069PYInvestmentIncomeAmt
CY Investment Income$1,514,546CYInvestmentIncomeAmt
PY Other Revenue$75,119PYOtherRevenueAmt
CY Other Revenue$21,883CYOtherRevenueAmt
PY Total Revenue$69,446,551PYTotalRevenueAmt
CY Total Revenue$5,536,429CYTotalRevenueAmt
PY Grants And Similar Paid$35,590,849PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$10,306,669CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,615,243PYOtherExpensesAmt
CY Other Expenses$481,780CYOtherExpensesAmt
PY Total Expenses$37,206,092PYTotalExpensesAmt
CY Total Expenses$10,788,449CYTotalExpensesAmt
PY Revenues Less Expenses$32,240,459PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$5,252,020CYRevenuesLessExpensesAmt
Total Assets BOY$38,127,793TotalAssetsBOYAmt
Total Assets EOY$28,215,070TotalAssetsEOYAmt
Total Liabilities BOY$5,313,598TotalLiabilitiesBOYAmt
Total Liabilities EOY$652,895TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$32,814,195NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$27,562,175NetAssetsOrFundBalancesEOYAmt
MissionTELESCOPE FUND PARTNERS WITH DONORS TO EXPAND THEIR PHILANTHROPIC GIVING BY PROVIDING THEM WITH THE TOOLS TO CATALYZE THEIR VISION FOR CHANGE AND SUPPORTING STRATEGIC GRANTMAKING, EFFICIENT OPERATIONS, EXPERT ADVISING, AND INNOVATIVE PROBLEM SOLVING.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$10,373,259ExpenseAmt
Grant$10,306,669GrantAmt
Revenue$0RevenueAmt
DescTELESCOPE FUND MAKES GENERAL AND PROJECT GRANTS TO CHARITABLE ORGANIZATIONS SUPPORTING A WIDE RANGE OF ISSUES, SUCH AS GLOBAL HEALTH, CONSERVATION, SOCIAL JUSTICE, ALLEVIATION OF POVERTY, SCIENTIFIC RESEARCH, DISASTER RECOVERY, EDUCATION, AND THE ARTS.Desc
Total Program Service Expenses$10,373,259TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised FundYes (1)DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
DAF Excess Business Holdings0DAFExcessBusinessHoldingsInd
Taxable Distributions0TaxableDistributionsInd
Distribution To Donor0DistributionToDonorInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARABELLA ADVISORSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2025951020PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11828 L STREET NW SUITE 300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LESLIE PAYNE
PRESIDENT1.000.00Yes (X)Yes (X)$0$0$0
BEN MANGAN
SECRETARY1.000.00Yes (X)Yes (X)$0$0$0
MARLA BLOW
TREASURER (THROUGH 7/2024)1.000.00Yes (X)Yes (X)$0$0$0
DORI KREIGER
DIRECTOR1.000.00Yes (X)$0$0$0
ANDREW SCHULZ
GENERAL COUNSEL1.001.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARABELLA ADVISORS LLCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line11828 L ST NW SUITE 300AddressLine1Txt
CityWASHINGTONCityNm
State AbbreviationDCStateAbbreviationCd
ZIP20036ZIPCd
FieldValueIRS element (for citing)
ServicesADMIN. OPERATIONS AND SUPPORT SERVICESServicesDesc
Compensation$268,250CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
All Other Contributions$4,000,000AllOtherContributionsAmt
Total Contributions$4,000,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,514,546TotalRevenueColumnAmt
Exclusion$1,514,546ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
GENERAL ADMIN RETAINER541900$21,750$21,750
MISCELLANEOUS REVENUE900099$133$133
FieldValueIRS element (for citing)
Other Revenue Total$21,883OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,536,429TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,536,429ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$10,306,669TotalAmt
Program Services$10,306,669ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$290,000TotalAmt
Management And General$290,000ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$33,896TotalAmt
Program Services$5,000ProgramServicesAmt
Management And General$28,896ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$34,230TotalAmt
Management And General$34,230ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$78,837TotalAmt
Program Services$60,000ProgramServicesAmt
Management And General$18,837ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$431TotalAmt
Management And General$431ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,817TotalAmt
Program Services$1,590ProgramServicesAmt
Management And General$5,227ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$6,097TotalAmt
Management And General$6,097ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$31,472TotalAmt
Management And General$31,472ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$10,788,449TotalAmt
Program Services$10,373,259ProgramServicesAmt
Management And General$415,190ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$38,096,481BOYAmt
EOY$6,471,819EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$21,702,913EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$14,106EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$31,312BOYAmt
EOY$26,008EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$224EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$38,127,793BOYAmt
EOY$28,215,070EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$13,598BOYAmt
EOY$12,895EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$5,300,000BOYAmt
EOY$640,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,313,598BOYAmt
EOY$652,895EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$32,814,195BOYAmt
EOY$27,562,175EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$32,814,195BOYAmt
EOY$27,562,175EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$38,127,793BOYAmt
EOY$28,215,070EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$5,252,020ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$150,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,327,721CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,939,363CurrentTaxYearMinus1YearAmt
Current Tax Year$4,000,000CurrentTaxYearAmt
Total$102,417,084TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$150,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$30,327,721CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,939,363CurrentTaxYearMinus1YearAmt
Current Tax Year$4,000,000CurrentTaxYearAmt
Total$102,417,084TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$34,647,975SubstantialContributorsTotAmt
Public Support Total170$67,769,109PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$109,824CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$867,235CurrentTaxYearMinus1YearAmt
Current Tax Year$1,514,546CurrentTaxYearAmt
Total$2,491,605TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$37,512CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$75,119CurrentTaxYearMinus1YearAmt
Current Tax Year$21,883CurrentTaxYearAmt
Total$134,514TotalAmt
FieldValueIRS element (for citing)
Total Support$105,043,203TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:GENERAL ADMIN RETAINER - 2022 AMOUNT: $ 37,512. 2023 AMOUNT: $ 75,000. 2024 AMOUNT: $ 21,750. MISCELLANEOUS REVENUE - 2023 AMOUNT: $ 119. 2024 AMOUNT: $ 133.
SCHEDULE A, PART II:THE ORGANIZATION'S 2021 TAX YEAR WAS A SHORT TAX YEAR.

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Donor Advised Funds Held1DonorAdvisedFundsHeldCnt
Donor Advised Funds Contri$4,000,000DonorAdvisedFundsContriAmt
Donor Advised Funds Grants$10,306,669DonorAdvisedFundsGrantsAmt
Donor Advised Funds Vl EOY$27,028,052DonorAdvisedFundsVlEOYAmt
Disclosed Org Leg CtrlYes (1)DisclosedOrgLegCtrlInd
Disclosed For Charitable PrpsYes (1)DisclosedForCharitablePrpsInd
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$5,536,429TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,536,429RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,536,429TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$10,788,449TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$10,788,449ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$10,788,449TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTELESCOPE FUND IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE INTERNAL REVENUE SERVICE (IRS) RECOGNIZES TELESCOPE FUND'S STATUS AS A PUBLIC CHARITY ORGANIZATION. TELESCOPE FUND'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. TELESCOPE FUND IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (35 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
ACTIVATE 48 EDUCATION FUND
5716 N 19TH AVENUEPHOENIXAZ85015871035546501(C)(3)$50,000$0GENERAL SUPPORT
BLOOM TO LIFE
7934 AVENIDA TAMARINDOSAN DIEGOCA92129474496464501(C)(3)$50,000$0PROJECT SUPPORT
CAL RIPKEN SR FOUNDATION INC
1427 CLARKVIEW ROAD SUITE 100BALTIMOREMD21209522310500501(C)(3)$200,000$0GENERAL SUPPORT
CAL STATE FULLERTON PHILANTHROPIC FOUNDATION
2600 NUTWOOD AVE STE 850FULLERTONCA92831330567945501(C)(3)$6,000$0PROJECT SUPPORT
CAMP KOREY
24880 BROTHERHOOD ROADMOUNT VERNONWA98274203829742501(C)(3)$100,000$0GENERAL SUPPORT
CATCHAFIRE FOUNDATION
1885 MISSION ST D3SAN FRANCISCOCA94103270649371501(C)(3)$37,800$0PROJECT SUPPORT
CHOC FOUNDATION
1201 WEST LA VETA AVENUEORANGECA92868956097416501(C)(3)$100,000$0GENERAL SUPPORT
CLARK COUNTY MUSEUM
725 MICHIGAN AVEJEFFERSONVILLEIN47130270753319501(C)(3)$10,000$0PROJECT SUPPORT
CORPSGIVING FOUNDATION
931 W 5TH AVEDENVERCO80204474283935501(C)(3)$75,000$0GENERAL SUPPORT
DESTINY CENTER OF DESOTO COUNTY
8941 COCKRUM HIGHWAY 305NOLIVE BRANCHMS38654831262859501(C)(3)$10,000$0PROJECT SUPPORT
DIONS CHICAGO DREAM INC NFP
6235 S HOMAN AVENUECHICAGOIL60629852527687501(C)(3)$600,000$0PROJECT SUPPORT
DREAMING OUT LOUD INC
80 M ST SEWASHINGTONDC20003261286043501(C)(3)$1,000,000$0PROJECT SUPPORT
FEED THE CHILDREN
333 N MERIDIAN AVEOKLAHOMA CITYOK73107736108657501(C)(3)$700,000$0GENERAL SUPPORT
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
ONE DESTINY WAYWESTLAKETX76262110303001501(C)(3)$266,046$0PROJECT SUPPORT
FLORIDA ATLANTIC UNIVERSITY FOUNDATION INC
777 GLADES ROAD BUILDING AD10BOCA RATONFL33431590917284501(C)(3)$680,000$0PROJECT SUPPORT
GAMES FOR CHANGE INC
6 E 43RD ST FLOOR 15NEW YORKNY10017262623362501(C)(3)$200,000$0GENERAL SUPPORT
GLOBALGIVING FOUNDATION
1 THOMAS CIRCLE NW SUITE 800WASHINGTONDC20005300108263501(C)(3)$237,000$0PROJECT SUPPORT
GVNGORG
369 DOHENY DRIVE SUITE 250BEVERLEY HILLSCA90211812446261501(C)(3)$104,500$0PROJECT SUPPORT
HABITAT FOR HUMANITY OF KANSAS CITY
1423 E LINWOOD BLVDKANSAS CITYMO64109431175749501(C)(3)$10,000$0PROJECT SUPPORT
IMAGINE NORTH CAROLINA FIRST
PO BOX 428RALEIGHNC27602464006055501(C)(3)$152,437$0GENERAL SUPPORT
ISAIAH
2356 UNIVERSITY AVE W SUITE 405SAINT PAULMN55114411957358501(C)(3)$152,436$0GENERAL SUPPORT
LEADERSHIP IN HEELS INC
25422 TRABUCO ROAD SUITE 105-612LAKE FORESTCA92630923604818501(C)(3)$25,000$0GENERAL SUPPORT
MERIDIAN INSTITUTE
105 VILLAGE PLACE PO BOX 1829DILLONCO80435841435420501(C)(3)$50,000$0GENERAL SUPPORT
ARBOR DAY FOUNDATION
211 N 12TH STLINCOLNNE68508237169265501(C)(3)$500,000$0PROJECT SUPPORT
NATIONAL LAW ENFORCEMENT AND FIREFIGHTERS CHILDREN'S FOUNDATION
38 EAST 32ND ST SUITE 602NEW YORKNY10016050536854501(C)(3)$11,000$0GENERAL SUPPORT
ORANGE COUNTY UNITED WAY
18012 MITCHELL SOUTHIRVINECA18012330047994501(C)(3)$100,000$0PROJECT SUPPORT
PENNSYLVANIA VOICE
123 S BROAD STREET SUITE 630PHILADELPHIAPA19109811141448501(C)(3)$150,000$0GENERAL SUPPORT
SAMARITANS FEET INTERNATIONAL
4808 CHESAPEAKE DRCHARLOTTENC28216141880905501(C)(3)$8,500$0GENERAL SUPPORT
SAVE UKRAINE INC
101 PARK AVENUE 35TH FLOORNEW YORKNY10017881339016501(C)(3)$1,000,000$0PROJECT SUPPORT
SOCIETY OF PLASTICS ENGINEERS INC
83 WOOSTER HEIGHTS SUITE 125DANBURYCT06810060692002501(C)(3)$25,000$0GENERAL SUPPORT
SUPERHUMANS UKRAINE INC
250 1ST STREET APT 2PJERSEY CITYNJ07302884049977501(C)(3)$1,000,000$0PROJECT SUPPORT
TAKEACTION MINNESOTA EDUCATION FUND
705 RAYMOND AVE SUITE 100ST PAULMN55114411635130501(C)(3)$150,000$0GENERAL SUPPORT
TEXAS ORGANIZING PROJECT EDUCATION FUND
PO BOX 120296SAN ANTONIOTX78212271481855501(C)(3)$150,000$0GENERAL SUPPORT
THE RECYCLING PARTNERSHIP INC
20 F ST NW 7TH FLOORWASHINGTONDC20001371622018501(C)(3)$2,200,000$0PROJECT SUPPORT
VIRGINIA NEW MAJORITY EDUCATION FUND
3801 MOUNT VERNON AVEALEXANDRIAVA22305271705920501(C)(3)$150,000$0GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org35Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationFOR MOST GRANTS, TELESCOPE REQUIRES THAT ORGANIZATIONS RECEIVING FUNDS SUBMIT A PROPOSAL AND PROVIDE POST-GRANT REPORTS. THE ORGANIZATION CONDUCTS A PRE-GRANT INQUIRY TO EVALUATE THE GRANTEE. GRANTS ARE SUBJECT TO WRITTEN GRANT AGREEMENTS THAT IMPOSE REPORTING OBLIGATIONS, REQUIRE FUNDS BE USED SOLELY AS SPECIFIED IN THE PROPOSAL, AND REQUIRE THAT FUNDS BE RETURNED IF NOT SPENT APPROPRIATELY OR IF REPORTS AREN'T FILED AS REQUIRED. ALL GRANTS MUST BE USED FOR EXCLUSIVELY CHARITABLE PURPOSES AND MAY NOT BE USED FOR POLITICAL ACTIVITY, SUCH AS CONTRIBUTING TO A POLITICAL CANDIDATE OR COORDINATING WITH A CANDIDATE'S CAMPAIGN.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3ARABELLA ADVISORS, A NATIONWIDE CONSULTING FIRM WITH EXPERTISE IN PHILANTHROPY AND NONPROFIT ORGANIZATION MANAGEMENT, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO TELESCOPE FUND. ARABELLA ADVISORS ENSURES THAT TELESCOPE FUND COMPLIES WITH FEDERAL, STATE, AND LOCAL REGULATIONS, AND PROVIDES OTHER ADMINISTRATIVE FUNCTIONS FOR TELESCOPE FUND, INCLUDING HR, PAYROLL, AND COMPLIANCE SUPPORT SERVICES SO THAT TELESCOPE CAN FOCUS ENTIRELY ON THEIR PHILANTHROPIC AND CHARITABLE GOALS.
FORM 990, PART VI, SECTION A, LINE 6TELESCOPE FUND DOES NOT HAVE "MEMBERS" BY DEFINITION OF THE BYLAWS; HOWEVER, THE FORM 990 INSTRUCTIONS FURTHER DEFINES A "MEMBER" AS ANY PERSON (INCLUDING A CORPORATION OR OTHER LEGAL ENTITY) WHO HAS THE RIGHT TO ELECT MEMBERS OF THE GOVERNING BODY. ACCORDINGLY, TELESCOPE FUND HAS ONE MEMBER WITH THE POWER TO ELECT MEMBERS OF THE BOARD OF DIRECTORS: NEW VENTURE FUND.
FORM 990, PART VI, SECTION A, LINE 7ANEW VENTURE FUND HAS THE POWER TO APPOINT AT LEAST A MAJORITY OF TELESCOPE FUND'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BUPON RECEIPT OF THE COMPLETED FORM 990 FROM TELESCOPE FUND'S INDEPENDENT TAX ACCOUNTANT, THE ORGANIZATION'S MANAGEMENT AND LEGAL COUNSEL REVIEWS A DRAFT OF THE FORM; ADJUSTMENTS ARE MADE, AS NECESSARY. TELESCOPE FUND THEN SENDS THE COMPLETED FORM 990 TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT AND, UPON ADDRESSING ALL COMMENTS, THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CALL PERSONS COVERED BY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY (WHICH INCLUDE ALL DIRECTORS AND OFFICERS) ARE REQUIRED TO DECLARE CONFLICTS OF INTEREST ANNUALLY. COVERED INDIVIDUALS CANNOT VOTE ON MATTERS BEFORE THE BOARD WHEN THEY HAVE A CONFLICT IN THE MATTER. DISINTERESTED MEMBERS MUST DETERMINE WHETHER OR NOT THERE ARE ANY SUITABLE ALTERNATIVES TO POTENTIAL TRANSACTIONS THAT CAUSE CONFLICT. IF A COVERED PERSON IS FOUND TO BE IN VIOLATION OF THIS POLICY, IT MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15THE ORGANIZATION DID NOT COMPENSATE A TOP MANAGEMENT OFFICIAL, OFFICER, OR KEY EMPLOYEE DURING 2024.
FORM 990, PART VI, SECTION C, LINE 19CURRENTLY, TELESCOPE FUND DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, EXCEPT TO THE EXTENT INCLUDED IN THE APPLICATION FOR EXEMPT STATUS, WHICH IS PUBLICLY AVAILABLE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
NEW VENTURE FUND
1828 L STREET NW SUITE 300-AWASHINGTONDC20036205806345TO SUPPORT INNOVATIVE AND EFFECTIVE PUBLIC INTEREST PROJECTSDC501(C)(3)LINE 7N/A0
POSTSECONDARY NATIONAL POLICY INSTITUTE
1828 L STREET NW SUITE 300-EWASHINGTONDC20036474374655PROFESSIONAL DEVELOPMENT FOR POLICYMAKERS WORKING ON HIGHER EDUCATION ISSUESDC501(C)(3)LINE 12A, I0NEW VENTURE FUND
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd