Lever is a tax-exempt 501(c)(3) corporation. We rely on grants and philanthropic support to help us serve entrepreneurs and strengthen our regional ecosystem. All contributions to Lever are deductible under section 170 of the Internal Revenue Code.
In 2019, 43% of our support came from individual donors, 30% from grants, 15% from corporate donors, and 12% from foundations. We strive continuously to diversify our funding sources.
Lever’s investment funds operate from its for-profit subsidiary, SoBeNoBe, LLC. SoBeNoBe receives carried interest from Lever investment funds to be used, in part, to support Lever operations.