Closehaul Capital Charitable - Funder Overview

Quick Stats

• Founded: 2023
• Annual Giving: $7,500,000 (2023)
• Total Assets: $20,149,875 (2023)
• Grant Range: Varies by donor (average $500,000)
• Number of Grants (2023): 15 awards
• Geographic Focus: National (primary focus: Puerto Rico, North Carolina, Colorado, Arizona, Florida, New York, Texas, Washington)
• Organisation Type: Donor-Advised Fund Sponsor / Public Charity

Contact Details

Address: 66 W Flagler St, Suite 900, Miami, FL 33130

Phone: (727) 273-7505 or (305) 330-1459

Website: closehaulcharitable.org

EIN: 92-1123945

Primary Contact: Michael Diyanni (associated with parent company Closehaul Capital LLC)

Overview

Closehaul Capital Charitable is a donor-advised fund sponsor established in June 2023 in Miami, Florida. Operating as a 501(c)(3) public charity (NTEE Code: T31 - Community Foundations), the organisation has experienced rapid growth. In its first full year of operation (2023), Closehaul Capital Charitable distributed $7.5 million across 15 grants, with an average grant size of $500,000.

The organisation serves as the charitable arm of Closehaul Capital LLC, a financial services firm with over $250 million in assets. Closehaul Capital Charitable focuses on providing innovative tools and superior services to high-net-worth individuals seeking to make impactful and sustainable charitable gifts. The foundation offers customised plans for donating complex assets, grant strategies, and dedicated support to help clients craft lasting philanthropic legacies through donor-advised funds.

Funding Priorities

Organisational Model

Closehaul Capital Charitable operates as a donor-advised fund (DAF) sponsor, not a traditional grant-making foundation. This means individual donors establish charitable funds within the organisation and recommend grants to qualifying 501(c)(3) nonprofits. The foundation does not accept unsolicited grant applications from nonprofits.

Programme Focus Areas

Based on 2023 IRS Form 990 filings, grants have been awarded in the following areas:

• Philanthropy, Voluntarism & Grantmaking - Supporting the philanthropic infrastructure
• Community Improvement & Capacity Building - Building endowments for nonprofit ongoing operations
• Environment - Conservation and environmental protection initiatives

Geographic Priorities

While the organisation supports both local and national philanthropic organisations, primary geographic areas of giving in 2023 included:

• Puerto Rico
• North Carolina
• Colorado
• Arizona
• Florida
• New York
• Texas
• Washington

Known Grant Recipients (2023)

Sample organisations that received grants include:

• Bat World Sanctuary
• The Coral Nursery of Puerto Rico
• Puerto Rico Blockchain Trade Association Corporation

Grant Characteristics

• Average Grant Size: $500,000 (2023)
• Total Distributed: $7,500,000 (2023)
• Number of Awards: 15 (2023)
• Focus: Building endowments and supporting ongoing nonprofit operations

Governance and Leadership

President/CEO: Ronald Navas

Affiliated Organisation: Closehaul Capital LLC (parent financial services firm)

Staff: The organisation operates with lean administrative structure typical of newer DAF sponsors.

Application Process & Timeline

How to Apply

Important: Closehaul Capital Charitable does not have a public grant application process.

As a donor-advised fund sponsor, Closehaul Capital Charitable operates differently from traditional foundations:

1. No Direct Applications: Nonprofits cannot apply directly to Closehaul Capital Charitable for funding
2. Donor-Directed Model: Individual donors who have established funds with the organisation recommend grants to qualifying 501(c)(3) nonprofits
3. Grant Process: Once a donor recommends a grant, Closehaul processes the grant agreement, conducts due diligence to ensure the recipient is a qualified 501(c)(3), and facilitates electronic transfer of funds

For Donors (Not Grant Seekers)

The organisation offers the following services to donors:

• Donor-advised fund establishment and management
• Charitable gift financing strategies
• Complex asset donation assistance (appreciated securities, real estate, etc.)
• Customised charitable planning
• Estate planning integration
• Trust administration network
• Charitable planning workbooks and resources

Donors receive immediate tax deductions for contributions, and funds can be invested for potential growth before being granted to nonprofits.

Application Success Factors

Understanding the Donor-Advised Fund Model

For nonprofits seeking funding from Closehaul Capital Charitable donors:

Relationship Building is Key: Since grants are donor-directed rather than foundation-directed, success depends on cultivating relationships with individual donors who have established funds. The high average grant size ($500,000) suggests the organisation works with high-net-worth philanthropists.

Alignment with Donor Interests: Research the giving history and known interests of individual donors rather than the sponsoring organisation's priorities. While Closehaul's 2023 grants show emphasis on environment, community capacity building, and endowment creation, individual donor interests will vary.

Endowment Focus: The organisation specifically mentions "building endowments for ongoing operations" as a programme area. Organisations seeking endowment support may find receptive donors within the Closehaul community.

Geographic Connections: With significant activity in Puerto Rico, North Carolina, and Colorado, nonprofits in these regions or with programmes serving these areas may have better success connecting with Closehaul donors.

Professional Presentation: Given the affiliation with a sophisticated financial services firm, donors using Closehaul likely expect professional, detailed proposals with clear financial planning and sustainability strategies.

Complex Asset Expertise: The organisation specialises in helping donors give complex assets (real estate, closely-held business interests, cryptocurrency, etc.). Nonprofits equipped to accept such gifts may have an advantage.

Key Takeaways for Grant Writers

• Not a Traditional Funder: Closehaul Capital Charitable is a donor-advised fund sponsor, not a foundation that reviews and awards grants through a competitive process
• Donor Cultivation Essential: Success requires identifying and building relationships with individual donors who have funds at Closehaul, not applying to the organisation itself
• High-Dollar Giving: With an average grant of $500,000, this organisation serves high-net-worth philanthropists capable of substantial gifts
• Endowment Building Focus: Organisations seeking endowment support for long-term sustainability align well with stated priorities
• Rapid Growth: The foundation demonstrated significant grantmaking capacity in its first year of operation
• Geographic Concentration: While national in scope, significant giving has occurred in Puerto Rico, North Carolina, and Colorado based on recent 990 records
• New Organisation: Founded in 2023, limited track record is available, but the organisation has demonstrated significant grantmaking capacity ($7.5M in year one)

References

• Charity Navigator Profile: https://www.charitynavigator.org/ein/921123945 (Accessed January 2026)
• ProPublica Nonprofit Explorer - Form 990 Filings: https://projects.propublica.org/nonprofits/organizations/921123945 (Accessed January 2026)
• Instrumentl 990 Report: https://www.instrumentl.com/990-report/closehaul-capital-charitable (Accessed January 2026)
• Cause IQ Organisation Profile: https://www.causeiq.com/organizations/closehaul-capital-charitable,921123945/ (Accessed January 2026)
• Closehaul Capital Charitable Official Website: closehaulcharitable.org (Accessed January 2026)
• IRS Form 990 (2023 Tax Year), EIN 92-1123945