Foundation for Democracy and Liberal Values Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE FOUNDATION GATHERED RESOURCES TO SUPPORT EXILED INDEPENDENT RUSSIAN-LANGUAGE MEDIA ORGANIZATIONS, INNOVATIVE JOURNALISM INITIATIVES, AND AUTHORS OF NON-FICTION BOOKS THROUGH THE GRANT PROGRAM MEDIA IN A CHANGING WORLD. THE FOUNDATION CREATED THE GRANT POLICY AND FORMED THE GRANT ALLOCATION COMMITTEE TO ENSURE COMPETITIVENESS AND TRANSPARENCY IN THE DECISION-MAKING PROCESS.
- Income
- $4.0 million
- Spending
- $896,929
- Spent on programs
- 93%
- Reserves
- 0.1 months of spending
- Largest source of income
- donations and private grants, 82%
- Employees
- 0
- Volunteers
- 0
- Highest pay
- $18,000, president, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 64 out of 100. Higher than 46% of charities in its peer group (education, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.1 months of spending.
Debt
20 of 20It owes 6% of what it owns.
Living within its means
15 of 15Income exceeded spending by 78% of income.
Spending floor
15 of 1593% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 88 out of 100. Higher than 55% of charities in its peer group (education, $1m to $10m).
Independent board
18 of 252 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $770,384 spent. THE FOUNDATION GATHERED RESOURCES TO SUPPORT EXILED INDEPENDENT RUSSIAN-LANGUAGE MEDIA ORGANIZATIONS, INNOVATIVE JOURNALISM INITIATIVES, AND AUTHORS OF NON-FICTION BOOKS THROUGH THE GRANT PROGRAM MEDIA IN A CHANGING WORLD. THE FOUNDATION CREATED THE GRANT POLICY AND FORMED THE GRANT ALLOCATION COMMITTEE TO ENSURE COMPETITIVENESS AND TRANSPARENCY IN THE DECISION-MAKING PROCESS.
- $60,051 spent. THE FOUNDATION FUNDRAISED FOR THE SCRIPT DEVELOPMENT PROGRAM, WHICH AIMS TO SUPPORT EXILED RUSSIAN-SPEAKING FILMMAKERS REGARDLESS OF NATIONALITY OR CITIZENSHIP. THE PROGRAM'S GOAL IS TO EQUIP PARTICIPANTS WITH THE NECESSARY SKILLS AND PROVIDE FINANCIAL RESOURCES FOR FINISHING THEIR SCRIPTS FOR FEATURE FILMS AND SERIES SO THEY CAN PROPOSE THEIR PROJECTS INTERNATIONALLY.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2021.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.