# 2040 Foundation 2040 Foundation is an Endowment / Foundation based in Charlotte, United States. ## Overview - **Organization type:** Endowment / Foundation - **Headquarters:** Charlotte, United States - **Region:** North America - **Address:** Charlotte, NC, United States - **Founded:** 2014 - **Assets under management:** $87M (Altss estimate) - **Website:** mission2040.org - **LinkedIn:** https://www.linkedin.com/company/mission2040 ## Regulatory record - **Reports private funds:** No ## About Jay Faison launched the 2040 Foundation in 2014 — a Charlotte-based 501(c)(3) incubated within the National Christian Charitable Foundation. Faison himself made his fortune founding and selling SnapAV, the AV distributor acquired by Schneider Electric. Unlike most grantmaking foundations, 2040 runs a dedicated investment function, the 2040 Fund, overseen by CIO Mark Bruinooge. The foundation's programmatic spend directs capital toward research, policy advocacy, and direct financial assistance for organizations that advance what it calls conservative clean energy solutions. Geographically, the foundation operates from both Charlotte and Washington, DC. With an estimated $87 million in assets (Altss estimate), 2040 operates as a subordinate organization of the National Christian Foundation. The professional network driving its advocacy is narrow and senior: founder Jay Faison sits as a principal in the American Energy Innovation Council, and board member Rich Powell — who also serves as CEO of ClearPath — is on the board of the Conservative Climate Foundation. There are no club memberships like Tiger 21 or YPO disclosed, and the team appears to number fewer than a dozen professionals. What distinguishes 2040 structurally is its dual identity: it is at once a 501(c)(3) public charity operating inside the administrative and tax umbrella of the National Christian Charitable Foundation and a program-focused investment office with a named CIO. This architecture lets it pursue policy-change goals through advocacy, operate a physical real-estate footprint for mission use, and run an investment portfolio — all while maintaining the compliance posture of a subordinate foundation rather than an independent private foundation. ## Sectors - Energy Transition & Renewables - ClimateTech ## Offices - 300 New Jersey Avenue NW, Suite 907, Washington, DC 20001 ## People - Jay Faison — Founder and Executive Chairman - Mark Bruinooge — Chief Investment Officer of the 2040 Fund - Rich Powell — Board Member, 2040 Foundation ## Questions ### Who makes investment decisions at the 2040 Foundation? The foundation has a named Chief Investment Officer, Mark Bruinooge, who oversees the 2040 Fund. Bruinooge reports to founder and Executive Chairman Jay Faison, who built his wealth founding SnapAV. The investment function sits alongside the programmatic and advocacy arms, all operating as a subordinate organization of the National Christian Charitable Foundation. ### Where does the 2040 Foundation's capital come from? The capital traces to Jay Faison's exit from SnapAV, a custom audio-visual and smart-home equipment distributor he founded. SnapAV was acquired by Schneider Electric. Faison seeded the 2040 Foundation in 2014 as the primary philanthropic and programmatic vehicle for his wealth. ### How is 2040 Foundation related to ClearPath and the Conservative Climate Foundation? Board member Rich Powell is simultaneously the CEO of ClearPath and serves on the board of the Conservative Climate Foundation. Founder Jay Faison is a principal in the American Energy Innovation Council (AEIC). These interlocking relationships create a narrow, high-level network for conservative clean-energy advocacy that the foundation's grantmaking reinforces operationally. ### Is 2040 Foundation a private foundation or a public charity? It is structured as a 501(c)(3) public charity operating as a subordinate organization of the National Christian Charitable Foundation. This status subjects it to different IRS rules than a private foundation — for example, around grantmaking and lobbying — while allowing it to use the National Christian Foundation's administrative and compliance infrastructure. ## Related profiles - [Mary Black Foundation](https://altss.com/profile/mary-black-foundation-inc) - [Alphawood Foundation](https://altss.com/profile/alphawood-foundation-chicago) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/2040-foundation-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology