What Amalgamated Foundation does

Amalgamated Foundation, operating as Assets Under Movement (AUM+), is a private philanthropic infrastructure organization that deploys charitable capital in service of democracy and working people. The entity is "born from the legacy of Amalgamated Foundation" and explicitly grounds its ethos in the collective spirit of the labor movement. It serves three distinct client segments: individual donors seeking values-aligned giving solutions, institutional funders requiring compliant and scalable grantmaking infrastructure, and collaborative funds and emerging initiatives needing operational support. AUM+ states it grants out over 75% of its assets annually, operating on the doctrine that "capital held is impact delayed," and prioritizing capital activation throughput over asset accumulation.

The platform's product surface spans approximately 15 service modules organized by segment. For individual donors, offerings include Donor Advised Funds (DAFs), Values-Aligned Investing, Recoverable Grants, Collaborative Giving, Philanthropic Advising, and Legacy Giving. For institutional funders, the organization provides Grantmaking Infrastructure, DAFs, Collaborative or Pooled Funds, and Rapid Response Grantmaking. For collaborative funds and initiatives, AUM+ delivers Collaborative Fund Support & Administration, Grants Management, Project Incubation Support, Fund Employment Services, and Compliance and Governance Solutions. Service delivery is supported by three dedicated digital client portals (AUM+ Donors, FFL Donors, NSF Donors) operating under the ABACF iPhiView platform, suggesting a hybrid self-serve plus high-touch relationship model.

As a non-profit philanthropic entity, AUM+ does not operate on a traditional commercial revenue model; its economic engine is philanthropic capital activation, not product sales or subscription fees. Go-to-market is partnership-based, engaging donors, funders, investors, and movement leaders through direct relationships, supplemented by content marketing via the AUM+ Journal. No proprietary technology platform, AI/ML capabilities, APIs, pricing mechanics, headcount figures, funding rounds, or financial disclosures are present in the source material. Disclosed leadership includes Keith Mestrich (Founder and Chair of the Board) and Sachi Yoshii (Director of Collective Impact).

Name

Amalgamated Foundation

Legal name

Assets Under Movement

Website

https://amalgamatedfoundation.org

Company type

Private

Operating status

Operating

Short description

Assets Under Movement (AUM+), formerly Amalgamated Foundation, is a non-profit philanthropic infrastructure organization that deploys charitable capital for democracy and working people. It serves individual donors, institutional funders, and collaborative funds through donor-advised funds, values-aligned investing, grantmaking infrastructure, and back-office fund administration.

Ownership category

akta.pro rank

Product category

Philanthropic Infrastructure Services

NAICS

Religious, Grantmaking, Civic, Professional, and Similar Organizations (813), Social Advocacy Organizations (8133), Other Similar Organizations (except Business, Professional, Labor, and Political Organizations) (81399)

SIC

Services-Social Services (8300), Investment Advice (6282)

akta.pro primary industry

Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH)

akta.pro secondary industries

Federated Giving Organizations (e.g., United Way-type) (BPAGAKAG), Impact Investment & Development Investment Funds (BPADACAO)

Keywords

• Philanthropic infrastructure services
• Donor advised funds
• Grantmaking administration
• Collaborative giving platforms
• Values-aligned investing

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Distribution channels1 record

Marketing channels2 records

Core offering

Amalgamated Foundation, operating as Assets Under Movement (AUM+), is a private philanthropic infrastructure organization that activates philanthropic capital for individual donors, institutional funders, and collaborative funds. It delivers donor advised funds, values-aligned investing, recoverable grants, collaborative giving, philanthropic advising, legacy giving, grantmaking infrastructure, pooled funds, and rapid response grantmaking. The organization measures success by capital deployed, granting out over 75% of its assets annually.

Product overview

Amalgamated Foundation operates Assets Under Movement (AUM+) as a unified philanthropy infrastructure platform with multiple integrated service modules. The platform provides a comprehensive ecosystem of capital deployment solutions organized into three primary client segments: Individual Donors (DAFs, Values-Aligned Investing, Recoverable Grants, Collaborative Giving, Philanthropic Advising, Legacy Giving), Institutional Funders (Grantmaking Infrastructure, Collaborative/Pooled Funds, Rapid Response Grantmaking), and Collaborative Funds/Initiatives (Fund Support & Administration, Grants Management, Project Incubation, Fund Employment Services, Compliance & Governance). AUM+ serves as the overarching brand under which all services are delivered, with a people-centered partnership model focused on activating capital for democracy and working people.

Differentiator

Problem solved

Functional benefit

Products and services

• Donor Advised Funds (DAFs)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Open Society Foundations: Open Society Foundations is a large progressive grantmaking organization. It is comparable to AUM+ in mission and target ecosystem (democracy, civil society, progressive movements) but operates primarily as a private foundation making grants rather than as DAF/collaborative-fund infrastructure.
• Vanguard Charitable: Vanguard Charitable is a large DAF sponsor leveraging Vanguard's investor base. It overlaps AUM+ on DAF sponsorship and investment-aligned giving but does not compete in the mission-aligned / labor movement niche.
• Fidelity Charitable: Fidelity Charitable is the largest donor-advised fund sponsor in the US with tens of billions in DAF assets. It is comparable to AUM+ as a DAF sponsor and philanthropic infrastructure provider, though it operates as a broad incumbent serving donors across the full ideological spectrum rather than AUM+'s mission-aligned niche.
• Schwab Charitable: Schwab Charitable is a major DAF sponsor leveraging Schwab's retail brokerage funnel. It competes with AUM+ on DAF accounts, investment options, and donor experience, but is ideologically neutral and serves a much broader donor base.
• Silicon Valley Community Foundation: SVCF is a major community foundation offering DAFs, philanthropic advising, and grantmaking infrastructure. Comparable to AUM+ in service architecture and multi-segment offerings (individual, institutional, collaborative), though at substantially greater scale and with a different geographic/community mandate.
• National Philanthropic Trust: NPT is one of the largest independent DAF sponsors in the US, offering donor-advised funds, philanthropic advising, and giving infrastructure. It directly overlaps AUM+'s DAF and philanthropic-advising offerings at greater scale and serves as the closest non-niche competitor.

Direct peers

• DonorsTrust: DonorsTrust is a DAF sponsor serving values-aligned (primarily conservative/libertarian) donors. It is a direct peer to AUM+ as a values-aligned DAF and philanthropic infrastructure provider, occupying the mirror-image ideological niche to AUM+'s progressive/labor focus.
• Tides Foundation: Tides Foundation operates progressive philanthropy infrastructure including DAFs, collaborative funds, and sponsored projects. It is directly comparable to AUM+ in mission (progressive/movement-aligned giving), service breadth (DAFs, pooled funds, project incubation), and target donor base (values-aligned individual and institutional funders).

Emerging players

• RSF Social Finance: RSF Social Finance is a mission-aligned financial institution providing philanthropic advising, donor services, and values-aligned investing. It overlaps AUM+'s values-aligned investing and philanthropic advising offerings, but focuses more on integrated capital (loans, investments, grants) rather than DAF-centric infrastructure.

Others

• National Committee for Responsive Philanthropy: NCRP is an advocacy and research intermediary in the progressive philanthropy ecosystem. It is adjacent to AUM+ as a values-aligned ecosystem participant that connects funders to movement leaders, though it does not offer DAF or grantmaking infrastructure products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amalgamated Foundation