Obuntu Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
To catalyze the next generation of African and African-focused fund managers to accelerate social and economic outcomes and enhance funding for underrepresented founders across the continent.
- Income
- $197,927
- Spending
- $153,858
- Reserves
- 3.4 months of spending
- Largest source of income
- donations and private grants, 100%
- Highest pay
- $49,000, community manager
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ 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 (1)
- Launched and executed a comprehensive 12-week fellowship program designed to accelerate the development of emerging African and Africa-focused fund managers. The program provided structured educational sessions, technical training, and strategic networking to bridge the gap between investment theory and practical implementation. Services Provided: Delivered 22 core educational sessions and 112 individual office hour consultations led by 19 industry experts. Training focused on fund structuring, thesis development, fund modeling, and LP engagement strategies. Persons Benefited: 14 high-potential Fellows were selected from 108 nominations (13% selection rate). The cohort was highly diverse, featuring 71% female representation and 86% African fund managers. Key Outcomes: Capital Mobilization: Fellows successfully secured over $17M in combined hard and soft capital commitments during the program period. Technical Readiness: 100% of fellows completed core fund documentation, including Team Track Records and Investment Theses, while 86% successfully launched digital "Deal Rooms" for investor due diligence. Ecosystem Integration: Facilitated over 130 unique interactions between Fellows and Limited Partners (LPs), including 5 formal pitch sessions.
Source: Form 990EZ 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 2025.
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 March 2024.
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.