Financials
North Star Fund’s financial year matched the ups and downs of 2020. Our grantmaking program and our fiscally sponsored projects were faced with uncertainty caused by the pandemic. Ultimately, we saw our communities come together and act. This led to an increase in both income and expenses related to our grantmaking response to the pandemic, as well as the ongoing calls for racial justice.
This year, we also launched our partnership with the Amalgamated Charitable Foundation for the management of our Donor-Advised Funds. This resulted in a significant transfer of assets.
We ended the year with strong reserves, which continue to provide stability and allow us to invest more deeply in organizing in 2021 and beyond.
You can view more detailed financial statements here (PDF). If you have questions about these financial statements or our overall financial position, you can reach out to Ivan Rosales at ivan@northstarfund.org.