GRAMEEN FOUNDATION USA

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

2001 L ST NW STE 500, WASHINGTON, DC 20036-4955

Principal officer (990 for 2024)

SABRINA QUARAISHI, 2001 L STREET NW 500, WASHINGTON, DC 20036

Signed the 990

SABRINA QUARAISHI, PRESIDENT AND CEO

Phone

(202) 628-3560

Website

WWW.GRAMEENFOUNDATION.ORG

Return prepared by

GELMAN ROSENBERG & FREEDMAN

Mission

GRAMEEN FOUNDATION USA (GRAMEEN) IS COMMITTED TO BREAKING THE CYCLE OF POVERTY BY SUPPORTING WOMEN AND UNDERSERVED COMMUNITIES WITH THE RESOURCES THEY NEED TO THRIVE. OUR INNOVATIVE PROGRAMS ARE DESIGNED TO PROVIDE INDIVIDUALS, ESPECIALLY WOMEN, WITH ACCESS TO FINANCIAL SERVICES, TECHNOLOGY, AND KNOWLEDGE, ENABLING THEM TO BUILD SUSTAINABLE LIVELIHOODS. THROUGH A UNIQUE BLEND OF TECHNOLOGY-DRIVEN SOLUTIONS AND LOCALLY-LED INTERVENTIONS, GRAMEEN CONTINUES TO FOSTER ECONOMIC RESILIENCE, FINANCIAL INCLUSION, AND SOCIAL CHANGE IN SOME OF THE MOST VULNERABLE REGIONS OF THE WORLD. SIGNATURE PROGRAMS ARE CENTERED AROUND WOMEN ENTREPRENEURS, SMALLHOLDER FARMERS, AND YOUNG WOMEN, EXECUTED THROUGH OUR ABILITY TO INNOVATE, ADAPT TO EMERGING CHALLENGES, AND BUILD STRONGER, MORE RESILIENT COMMUNITIES.

Program accomplishments

• INVESTHER: HOLISTIC PROGRAMMING FOR WOMEN ENTREPRENEURS: IN FY25, GRAMEEN FOUNDATION USA (GRAMEEN) LED PROGRAMS FOCUSED ON SUPPORTING PRIMARILY WOMEN ENTREPRENEURS AND YOUNG WOMEN WITH INCREASED ABILITY TO GROW INCOME, AGENCY, AND RESILIENCE. ONE KEY AREA OF GRAMEEN'S PROGRAMMING FOCUSES ON REFUGEES IN UGANDA, WHERE INTERVENTIONS LED TO INCREASED INCOME AND DRAMATICALLY DECREASED INTEREST RATES ON LOANS TO SUPPORT ENTREPRENEURSHIP. DURING THE PROJECT PERIOD, GRAMEEN SUCCESSFULLY EXPANDED ACCESS TO FORMAL FINANCIAL SERVICES BY ENGAGING NEW PRIVATE SECTOR PARTNERS AND SUPPORTING PILOTS WITH EXISTING FINANCIAL SERVICE PROVIDERS. THE PROJECT EXCEEDED ALL TARGETS FOR THE NUMBER OF PEOPLE REACHED AND TOTAL FINANCING WAS MOBILIZED, DIRECTLY REACHING 13,559 PARTICIPANTS - 98% OF THE LIFE-OF-ACTIVITY GOAL. FINANCE MOBILIZATION ENABLED PARTICIPANTS TO LAUNCH AND GROW BUSINESSES, WITH 96% REPORTING EARNED INCOME - A 43% INCREASE FROM BASELINE. GRAMEEN ALSO EXCEEDED OUTREACH TARGETS FOR WOMEN AND YOUTH, AND STRENGTHENED FINANCIAL CONFIDENCE THROUGH ITS FINANCIAL LITERACY TRAININGS, AS VALIDATED BY QUALITATIVE RESEARCH.ADDITIONALLY, GRAMEEN'S SIGNATURE PROGRAMMING USED COMMUNITY AND HOUSEHOLD DIALOGS TO DRIVE BEHAVIOR CHANGE. IN FY25 JUST IN GHANA AND NIGERIA, GRAMEEN CREATED 11,781 MALE CHAMPIONS TO SUPPORT THEIR WIVES IN ENTREPRENEURSHIP AND SAVING BEHAVIORS.
  Expenses $2,947,040 · grants $298,268 · revenue $3,863
• STRENGTHENING ORGANIZATIONS: OUR SKILLED VOLUNTEER CORE IS MAKING AN IMPACT IN ORGANIZATIONS THROUGHOUT THE WORLD, PROVIDING INSIGHT, TOOLS AND RESOURCES TO MAKE LOCAL NON-PROFIT ORGANIZATIONS, SOCIAL ENTERPRISES, AND SMALL BUSINESSES MORE IMPACTFUL AND RESILIENT. FROM JULY 01, 2024, TO JUNE 30, 2025, WE HAVE DEPLOYED 208 VOLUNTEERS TO PROVIDE VOLUNTEER CONSULTING SUPPORT TO 36 HOST ORGANIZATIONS IN 5 COUNTRIES: THE UNITED STATES, THE PHILIPPINES, INDIA, GHANA AND UGANDA. WE ARE SLOWLY INCREASING OUR US PRESENCE AND HAVE SERVED 23 MICROENTERPRISES IN THE US ALONE. THE VOLUNTEERS CONTRIBUTED A TOTAL OF 12,990 HOURS, AN EQUIVALENT OF USD $2,311,178 OF IN-KIND SERVICES. TODAY, BANKERS WITHOUT BORDERS CONSISTS OF 27,632 VOLUNTEERS. SINCE OUR INCEPTION 17 YEARS AGO, WE HAVE SERVED 396 CLIENT ORGANIZATIONS IN 41 COUNTRIES AND VOLUNTEERS HAVE PROVIDED USD 35.1M OF IN-KIND SERVICES.GRAMEEN FOUNDATION USA (GRAMEEN) BUILDS UP THE INTERNATIONAL DEVELOPMENT SYSTEMS THAT SUPPORT MILLIONS OF WOMEN AND GIRLS AS THEY WORK THEIR WAY OUT OF POVERTY. WE FOCUS ON EQUIPPING LOCAL ORGANIZATIONS, STAKEHOLDERS, AND FINANCIAL PROVIDERS WITH ACCESSIBLE TECHNOLOGY AND TRAINING TO HELP THEM SERVICE MARGINALIZED FAMILIES. WE DO THIS THROUGH PROGRAMMATIC WORK AS WELL AS THROUGH OUR WHOLLY OWNED SUBSIDIARY, TAROWORKS, WHICH PROVIDES AN OFFLINE MOBILE APP BUILDER ALLOWING NONPROFITS AND SOCIAL ENTERPRISES TO EMPOWER FRONTLINE AGENTS WITH INFORMATION CAPITAL AND MAKE DATA-DRIVEN DECISIONS. IN FY25, TAROWORKS WORKED WITH 48 ORGANIZATIONS EMPOWERING OVER 8,000 FRONTLINE AGENTS WITH DIGITAL TOOLS TO TOUCH THE LIVES OF OVER 13 MILLION PEOPLE IN THEIR COMMUNITIES TO PROVIDE CRITICAL SERVICES AND PRODUCTS.
  Expenses $1,024,527 · revenue $865,544
• TOGETHER WE GROW: HOLISTIC PROGRAMMING FOR SMALLHOLDER FARMERS: IN FY25, GRAMEEN FOUNDATION USA (GRAMEEN) CONTINUED ITS WORK TO HELP SMALLHOLDER FARMERS, ESPECIALLY WOMEN, REDUCE THEIR VULNERABILITY TO SHOCKS SUCH AS CLIMATE CHANGE, CROP DISEASES, PESTS, AND MARKET VULNERABILITY WITH 4 PROJECTS PRIMARILY FOCUSED ON AGRICULTURE. AGRIPATH IS A 5-YEAR ACTION-RESEARCH PROJECT SPANNING FIVE COUNTRIES, WHICH AIMS TO PROVIDE GLOBAL, LOCAL IMPLEMENTING AND RESEARCH PARTNERS EVIDENCE AS TO WHAT THE MOST CRITICAL LEVERS ARE FOR DIGITAL AGRICULTURAL ADVISORY SERVICES (DAS) TO REACH SMALLHOLDERS - INCLUDING LEVERAGING COMMUNITY-BASED AGENTS (CBAS). GRAMEEN GENERATED A TOOLKIT FOR DAS PROVIDERS TO SUPPORT THEM TO BUILD AND/OR ENABLE CBA NETWORKS TO REACH SMALLHOLDERS EFFECTIVELY, AS WELL AS A DAS SCALING FRAMEWORK TO FURTHER ENABLE THE DAS ECOSYSTEM - PUBLIC AND PRIVATE - AND TO GIVE SERVICE PROVIDERS AN UNDERSTANDING OF THE IMPORTANCE OF HAVING A SUSTAINABLE BUSINESS MODEL. IN THE PHILIPPINES, WE HAVE TWO AGRICULTURE-CENTRIC PROJECTS FOCUSED ON THE COCONUT VALUE CHAIN. (1) WE HAVE BEEN WORKING WITH COCONUT SMALLHOLDER FARMERS FOR ONE DECADE NOW AS GRAMEEN! THE SUSTAINABLE COCONUT PROJECT (SCP) ENGAGES A TOTAL OF 12 COOPERATIVES, 2 PARTNER OIL MILLS AND OVER 7,000 ACTIVE SMALLHOLDER COPRA (DRIED COCONUT MEAT) FARMERS. IN FY25, COOPERATIVES AND FARMERS ADOPTED THE NEW TRAINING WE INTRODUCED ON COPRA QUALITY AND VOLUME AS WELL AS CLIMATE ADAPTATION STRATEGIES, RESULTING IN IMPROVED PRICE POINTS FROM THE MILLS. (2) THE COPRA CAPACITY DEVELOPMENT PROJECT IS THE SECOND PROJECT, AND IT PROVIDES 5 OF THE 12 SCP COOPERATIVES PRE-INVESTMENT TECHNICAL ASSISTANCE. BY SUPPORTING AND STRENGTHENING THE COOPERATIVES TO DEVELOP THEIR SHORT AND LONG-TERM BUSINESS PLANS, AND TO GENERATE CATALYST AWARD PROPOSALS FOR THE ASSETS REQUIRED FOR THEIR GROWTH, WE ARE PROVIDING THEM WITH THE SKILLS REQUIRED TO BECOME BANKABLE, INVESTABLE ENTITIES. IN FY25, WE COMPLETED THE CATALYST AWARD PROCESS WITH THE COOPERATIVES. IN INDIA, GRAMEEN CONTINUED TO ENGAGE 47 FARMER PRODUCER ORGANIZATIONS (FPOS) ACROSS TWO STATES, REACHING OVER 40,000 SMALLHOLDER FARMERS IN FY25. THE PROJECT AIMS TO STRENGTHEN THE FPOS' INCLUSIVE BUSINESS LINES THAT STRENGTHEN WOMEN SMALLHOLDER FARMER MEMBERS' INCOMES AND RESILIENCE. IN FY25, THE HUB AND SPOKE FPO (COLLABORATION) MODEL BEING TRIALED FOR GREATER AGGREGATION/VOLUME, MARKET ACCESS, INPUT ACCESS AND FINANCIAL ACCESS SHOWED SUCCESS WHEN THE FPOS TRADED GREATER TOMATO (A WOMAN-FRIENDLY VALUE CHAIN) VOLUME THAN YEARS PAST AND WERE ABLE TO REACH A LARGER MARKET FOR A HIGHER PRICE. SIMILARLY, IN FY25, A VERTICAL INTEGRATION MODEL (COLLABORATION WHERE EACH FPO PLAYS A CRUCIAL PRODUCTION ROLE; THE MODEL CANNOT EXIST WITHOUT EACH FPO) WAS DESIGNED AND IS BEING TRIALED.
  Expenses $955,540
• REGIONAL PROGRAMS: IN TOTAL GRAMEEN FOUNDATION USA (GRAMEEN) ENGAGED 58 LOCAL PARTNERS ACROSS ALL PROGRAMS, AND THEY HAVE ALSO BEEN TRAINED ON GENDER-BASED VIOLENCE MITIGATION RESOURCES, AND TOGETHER WE'RE ADDRESSING HARMFUL CULTURAL PRACTICES THAT RESULT IN GENDER-BASED VIOLENCE.GRAMEEN (WITH FREEDOM FROM HUNGER AS A SUPPORTING ORGANIZATION) SERVES POOR COMMUNITIES IN ASIA, LATIN AMERICA, AND SUB-SAHARAN AFRICA. IN INDIA, WE WORK THROUGH OUR WHOLLY-OWNED SUBSIDIARY, GRAMEEN FOUNDATION INDIA PRIVATE LIMITED. WE ARE ALSO PARTNERS IN A JOINT VENTURE, GRAMEEN CAPITAL INDIA. IN FY25, WE HAD ACTIVE PROJECTS IN HAITI, MEXICO, NIGERIA, BENIN, ARGENTINA, GHANA, GUATEMALA, HONDURAS, INDIA, PHILIPPINES, SENEGAL, UGANDA, PALAU, NAURU, TUVALU, BURKINA FASO, TANZANIA, AND NEPAL AND THE MARSHALL ISLANDS.PROGRAM SAFE: GRAMEEN FOUNDATION USA (GRAMEEN) LAUNCHED PROGRAM SAFE IN FY25, A COMPREHENSIVE STRATEGY AIMED AT RAISING AWARENESS, DEVELOPING TOOLS AND STANDARDS, AND BUILDING A GLOBAL COALITION TO SAFEGUARD AGAINST FINANCIAL ABUSE IN ALL ITS FORMS. GRAMEEN IS UNIQUELY POISED TO BUILD THIS COALITION FOR CHANGE BECAUSE OF OUR WORK AT THE INTERSECTION OF FINANCIAL INCLUSION AND WOMEN LIVING IN POVERTY SINCE 1997. THROUGH A GRANT, WE WERE ABLE TO IMPLEMENT THE FIRST ACTION RESEARCH PROJECT TO UNDERSTAND THE MAGNITUDE AND LESSONS LEARNED FROM THE US, AUSTRALIAN AND EUROPEAN MARKETS. THIS RESEARCH RESULTED IN ROUNDTABLE EVENTS AND PLAYBOOK WHICH MAPS OUT THE ROLE THAT FINANCIAL INSTITUTIONS CAN PLAY IN PREVENTING FINANCIAL ABUSE. THROUGH ANOTHER GRANT WE WERE ABLE TO COMPLETE ADDITIONAL RESEARCH AND TECHNICAL ASSISTANCE IN BENIN. MOVING FORWARD THIS WILL BE AN IMPORTANT AREA OF GLOBAL PROGRAMMING AS WELL AS THE MOVEMENT WE WANT TO INSPIRE. WE WILL TAKE THESE LESSONS LEARNED TO PILOT IN THE DEVELOPING COUNTRIES WE HAVE WORKED IN FOR DECADES TO TRANSLATE THESE TO THE MICROFINANCE AND COOPERATIVE SECTORS.
  Expenses $69,606
• PUBLIC EDUCATION: IN FY25, GRAMEEN FOUNDATION USA RAISED PUBLIC AWARENESS ABOUT SUCCESSFUL POVERTY EFFORTS THROUGH IN-PERSON EVENTS, WEBINARS, BLOGS, SOCIAL MEDIA POSTS, AND PRINT AND EMAIL PUBLICATIONS, PLUS SPEAKING ENGAGEMENTS BY OUR CEO AND OTHER LEADERSHIP.
  Expenses $151,182

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

73-1502797

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (170(b)(1)(A)(vi))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1996

Accounting year ends

June

Files

Form 990 or 990-EZ

Category (NTEE)

International, foreign affairs and national security (Q300)

Assets (IRS master file)

$4,368,961

Income (IRS master file)

$9,463,012

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1502797).

Questions about GRAMEEN FOUNDATION USA

What is the EIN of GRAMEEN FOUNDATION USA?

The employer identification number (EIN) of GRAMEEN FOUNDATION USA is 73-1502797.

Is GRAMEEN FOUNDATION USA tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.

Are donations to GRAMEEN FOUNDATION USA tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does GRAMEEN FOUNDATION USA file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of GRAMEEN FOUNDATION USA due?

The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.

When did GRAMEEN FOUNDATION USA last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended June 2025.

Who is the principal officer of GRAMEEN FOUNDATION USA?

The 990 for the year ended June 30, 2025 names SABRINA QUARAISHI.

Who are the officers and directors of GRAMEEN FOUNDATION USA?

The 990 for the year ended June 30, 2025 lists 26 people; 12 received compensation from the organization, the highest $279,045 (ZUBAIDA BAI, PRESIDENT & CEO).

How much revenue does GRAMEEN FOUNDATION USA have?

On its 990 for the year ended June 30, 2025 it reported revenue of $8,439,523, expenses of $7,998,548 and total assets of $4,368,961 at year end.

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