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: Verified by RoundPaper

FY 2024

Verified NonprofitLast Filed 2024EIN 20-4560286

The Mind Trust Inc

INDIANAPOLIS, INNTEE: B052Founded 2006Website

mission statement

The mind trust is an education nonprofit organization focused on systemic changes that ensure every student in indianapolis, across indiana and connecticut, and beyond has access to an excellent education. Since launching in 2006, the mind trust has supported the launch of more than 50 schools that will serve over 22,000 students at scale alongside 15 education nonprofit organizations that are leading education change. In every region they serve, the mind trust strives to provide every student access to an excellent education by amplifying the power of neighborhoods and communities to lead education change and supporting schools to grow and excel in a thriving education ecosystem.

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Total Revenue

$57.9M

FY 2024

Program Spending

94.3%

of total expenses

Known Funders

2019–2024 filings

Key Metrics (FY 2024)

The Numbers

$58.7M

Total Assets

$54.4M net

18.34 mo

Operating Reserves

FY 2024

+18%

Revenue Growth

YoY

Total Employees

FY 2024

Funding Track Record

Backed by 38 Institutional Funders

$102.5M raised across 118 grants · +$23.7M committed (2019–2024 filings)

Funder Geography

Funders across 10 states (2019–2024 filings)

Institutional Funding by Year

PaidCommittedBoth

Funder	Location	Total Awarded
City Fund	BEAVERTON, OR	$36,827,000
Lilly Endowment Inc	INDIANAPOLIS, IN	$20,679,030 +$6,000,000 committed
National Philanthropic Trust	JENKINTOWN, PA	$11,045,000
The Bloomberg Family Foundation Inc	NEW YORK, NY	$8,639,000
Richard M Fairbanks Foundation Inc	Indianapolis, IN	$8,256,000 +$14,587,500 committed
50can Inc	WASHINGTON, DC	$5,363,600
Walton Family Foundation Inc	Bentonville, AR	$3,725,000
Eli Lilly and Company Foundation	INDIANAPOLIS, IN	$1,800,000 +$2,100,000 committed
Central Indiana Community Foundation Inc	INDIANAPOLIS, IN	$1,051,650
The Dallas Foundation	DALLAS, TX	$1,000,000

Total tracked: $102,541,002 across 118 grants · +$23,712,500 committed across 18 commitments (2019–2024 filings)

Totals reflect grants as reported on funder tax returns. Timing may not match recipient revenue: funder and recipient fiscal years often differ, and grants paid by a funder in one year may be recognized by the recipient in a different year.

Programs (FY 2024)

What They Do

$13.8M in expenses

The mind trust's indianapolis-based team is passionate about improving education and life outcomes for k-12 students in indianapolis and beyond. The mind trust achieves its goals by executing on work in the following areas: growing great schools: the mind trust has supported the launch of over 50 high-quality public schools in indianapolis. The mind trust continues to support the growth of high-quality public schools through fellowships and investments in schools and networks that have proven results for students. Supporting existing schools: the mind trust manages investments and partnerships to foster collaborative learning, increase student achievement, and ensure operational excellence for a community of more than 60 indianapolis charter and innovation network schools. Engaging the community: great schools are essential for a thriving indianapolis. The mind trust is proud to provide opportunities for people in our city to connect with schools, support students, and advocate to ensure high-quality education for every student.

$19.7M in expenses

The mind trust's team is focused on creating and managing innovative programs. The mind trust has helped develop and manage transformative programs that enhance student learning through partnerships with the indiana department of education, including indiana learns, indy summer learning labs, and expanding what works. In addition, the mind trust supports indianapolis partners to improve the city's education ecosystem and national partners in the development of other city proof points for education transitions. In fy25, the mind trust managed the indiana learns, indy summer learning labs, and expanding what works programs and supported a national partner to design and facilitate the north star fellowship in connecticut as a strategy to meet the need for more high-quality public school options in connecticut.

Financial History