Fund II Foundation

What Fund II Foundation does

Fund II Foundation is a private philanthropic foundation established in 2014 by Robert F. Smith, Founder, Chairman, and CEO of Vista Equity Partners. Headquartered at 633 Pennsylvania Ave NW in Washington, DC, the foundation operates with a small staff (1-10 employees) and an executive team plus board drawn from Fortune-500 corporate, investment, World Bank, and nonprofit sectors. Its primary mission is to improve the daily lives and long-term potential of those in Black and Brown communities in the United States through strategic grant-making to public charities and direct program operation.

The foundation distributes impact across eight focus areas — Education, Cultural Preservation, Health, Music & Arts, Social Justice, Career Readiness, Environment, and Digitization — and has awarded more than $265 million across 77 grants since inception. Direct programs operated by the foundation include internXL (an internship-matching platform connecting HBCU/MSI/TCU students with employers, paired with the XL Academy learning management system offering 4,000+ career-readiness courses), Restoration Retreat (a week-long outdoor youth empowerment program for ages 14-17), the Cradle to Greatness annual convening framework, and the Black Maternal Health Equity initiative (comprising six task groups, the 100 Voices of Hope storytelling campaign, and the Mama & Baby Baskets postpartum care program). Geographic focus concentrates on U.S. southern communities.

The foundation is funded by Robert F. Smith's personal philanthropy rather than commercial revenue, and it does not charge fees for programs. It functions as a grant-making intermediary, not a technology company: there is no disclosed commercial product pricing, no API, no software-as-a-service model, and no disclosed AI/ML capabilities. Distribution is entirely via grants to vetted public charities and free-to-user programs; key grantees and partners include Susan G. Komen Breast Cancer Foundation, United Negro College Fund, NPower, The Opportunity Network, and the National Park Foundation.

Name

Fund II Foundation

Legal name

Fund II Foundation

Website

https://fund2foundation.org

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Fund II Foundation is a Washington, DC-based private philanthropic foundation established in 2014 by Robert F. Smith. It awards grants to public charities and operates direct programs (internXL, Restoration Retreat, Cradle to Greatness, Black Maternal Health Equity) serving Black and Brown communities across the United States.

Ownership category

akta.pro rank

Product category

Philanthropic Grant-Making Foundation

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Social Advocacy Organizations (8133)

SIC

Services-Social Services (8300), Services-Educational Services (8200)

akta.pro primary industry

Private Foundations (BPAGAKAA)

akta.pro secondary industries

Education Grantmaking Foundations (BPAGAKAK), Social Justice & Human Rights Grantmaking Foundations (BPAGAKAN), Health & Medical Research Grantmaking Foundations (BPAGAKAL), Environmental & Climate Grantmaking Foundations (BPAGAKAM)

Keywords

• Philanthropic grant making
• Youth development programs
• Maternal health equity
• Internship matching platform
• Nonprofit foundation grants

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales

Revenue model

1. Grant Making: Fund II Foundation generates impact through strategic philanthropy rather than commercial revenue. The foundation makes grants to public charities that improve daily lives and long-term potential of those in Black and Brown communities. Established in 2014, the foundation has awarded over $265 million to 77 grants across eight focus areas.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Fund II Foundation is a private foundation that awards grants to public charities serving Black and Brown communities across eight focus areas (Education, Cultural Preservation, Health, Music & Arts, Social Justice, Career Readiness, Environment, and Digitization). The foundation also directly operates four programs: internXL (internship matching for HBCU/MSI/TCU students), Restoration Retreat (outdoor youth retreat for ages 14–17), Black Maternal Health Equity (maternal health task groups), and Cradle to Greatness (talent development framework).

Product overview

Fund II Foundation is a philanthropic organization that operates a portfolio of social impact programs rather than a traditional product platform. The core offerings include internXL (an internship-matching platform with XL Academy for career readiness training), Restoration Retreat (youth development through outdoor experiences), Black Maternal Health Equity (BMHequity with 100 Voices of Hope storytelling and Mama & Baby Baskets), Cradle to Greatness (talent development framework), and a Grant Making Program. These programs work together to advance opportunities for Black and Brown communities through education, career pathways, health equity, and cultural preservation.

Differentiator

Problem solved

Functional benefit

Brands

• internXL: An innovative internship matching platform that connects pre-screened entry-level talent with employers to advance diversity and inclusion goals and provide on-ramps to quality jobs for Black and Brown students.
• Restoration Retreat
• Cradle to Greatness
• Black Maternal Health Equity

Products and services

• internXL An internship matching platform that connects employers with pre-screened entry-level talent from diverse backgrounds, focusing on HBCUs, MSIs, and Tribal Colleges. The platform matches Black and Brown students with internship opportunities and provides career readiness support through the XL Academy.
• Restoration Retreat A week-long outdoor experiential program for youth ages 14-17 from high-poverty and inner-city areas exposed to stressful environments. The retreat offers horseback riding, hiking, meditation, financial literacy, life-skills coaching, and entrepreneurism training at historically Black locations.
• Black Maternal Health Equity (BMHequity) A community-driven initiative to advance Black maternal health equity through six task groups focusing on transforming medical education, engaging partners and males, establishing a maternal health institute, launching education campaigns, clarifying policy initiatives, and serving vulnerable pregnant people. Supports Black families in U.S. southern communities.
• Cradle to Greatness A strategic framework providing targeted outcomes for fostering talent, igniting innovation, demanding fair access, and accelerating careers of young people in Black and Brown communities through annual convenings and collaborative grantee partnerships.
• Grant Making Program The foundation's primary grantmaking initiative that has awarded over $265 million across eight focus areas: Education, Cultural Preservation, Health, Music & Arts, Social Justice, Career Readiness, Environment, and Digitization.

Quantifiable outcome

• Over $265 million awarded across 77 grants to Black and Brown communities
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Walton Family Foundation: Large private foundation making grants in education and environment — overlapping with two of Fund II's eight named focus areas and a useful scale comparator.
• MacArthur Foundation: Major U.S. private foundation with grantmaking in education, climate/environment, and human rights — a broad thematic peer across multiple Fund II focus areas.
• Open Society Foundations: Global grantmaking foundation with major emphasis on social justice, human rights, and equity — directly aligned with Fund II's Social Justice focus area and human rights mission.
• Bill & Melinda Gates Foundation: Largest U.S. private foundation making grants across education, health, and social programs — provides scale and structure benchmarking for Fund II's grantmaking operations.
• Andrew W. Mellon Foundation: Large U.S. foundation with major grantmaking in arts/culture, education, and humanities — directly overlaps with Fund II's Cultural Preservation and Music & Arts focus areas.

Direct peers

• Ford Foundation: One of the largest U.S. private foundations with a mission centered on reducing poverty and injustice, advancing equity, and supporting human rights — a direct thematic peer to Fund II Foundation's grantmaking for Black and Brown communities and social justice focus area.
• Emerson Collective: Philanthropy and impact organization founded by Laurene Powell Jobs, operating both grantmaking and operating programs in education, equity, and immigration — structurally similar to Fund II's mix of grantmaking and direct programs (e.g., internXL, Cradle to Greatness).
• Robert Wood Johnson Foundation: The largest U.S. philanthropy focused on health; directly comparable to Fund II's Health focus area and Black Maternal Health Equity initiative in terms of funder role in health-equity grantmaking.
• W.K. Kellogg Foundation: Private foundation with major programs in racial equity, education, health, and community development — closely aligned with Fund II's education, health, and equity focus areas and similar grantee-driven model.
• Chan Zuckerberg Initiative: Billionaire-backed philanthropic vehicle combining grantmaking with operating programs in education, social impact, and health — analogous to Fund II's grantmaking-plus-programs structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Fund2F
• YouTubeyoutube.com/@fund2foundation
• Facebookfacebook.com/fund2foundation
• LinkedInlinkedin.com/company/fund2foundation
• Instagraminstagram.com/fund2foundation

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Fund II Foundation