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Nonprofiteer
← INDEPENDENT CHARITABLE GIFT FUND

Form 990 for tax year 2025

Filed by INDEPENDENT CHARITABLE GIFT FUND.

Totals

Total revenue
$382,823,730
Total expenses
$90,236,530
Contributions and grants received
$359,569,267
Grants paid
$85,037,161
Program service revenue
$0
Investment income
$23,181,509
Other revenue
$72,954
Total assets, end of year
$922,118,482
Total liabilities, end of year
$58,826
Net assets or fund balances, end of year
$922,059,656
Program services expenses (Part IX)
$86,012,051
Management and general expenses
$3,645,092
Fundraising expenses
$579,387
Program service expenses (Part III)
$86,012,051

Program services were 95.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $359,569,267

  • 1g · Noncash contributions included above

    $308,646,060

  • 3 · Investment income

    total $23,181,509 · excluded $23,181,509

  • 11a · Other revenue: OTHER INCOME

    total $72,954 · excluded $72,954

  • 11e · Other revenue, total

    $72,954

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,037,161 · program services $85,037,161

  • 5 · Compensation of officers, directors and key employees

    total $762,584 · program services $427,048 · management and general $137,265 · fundraising $198,271

  • 7 · Other salaries and wages

    total $356,660 · program services $202,578 · management and general $66,718 · fundraising $87,364

  • 8 · Pension plan contributions

    total $13,139 · program services $7,358 · management and general $2,365 · fundraising $3,416

  • 9 · Other employee benefits

    total $31,141 · program services $17,781 · management and general $5,909 · fundraising $7,451

  • 10 · Payroll taxes

    total $73,833 · program services $41,549 · management and general $13,470 · fundraising $18,814

  • 11b · Fees: legal

    total $275 · management and general $275

  • 11c · Fees: accounting

    total $42,132 · management and general $42,132

  • 11f · Fees: investment management

    total $3,247,709 · management and general $3,247,709

  • 11g · Fees: other

    total $7,194 · management and general $7,194

  • 12 · Advertising and promotion

    total $148,853 · management and general $4,358 · fundraising $144,495

  • 13 · Office expenses

    total $56,152 · program services $28,177 · management and general $22,100 · fundraising $5,875

  • 14 · Information technology

    total $366,008 · program services $205,972 · management and general $66,772 · fundraising $93,264

  • 16 · Occupancy

    total $77,255 · program services $43,475 · management and general $14,094 · fundraising $19,686

  • 17 · Travel

    total $3,200 · management and general $2,880 · fundraising $320

  • 20 · Interest

    total $779 · management and general $779

  • 22 · Depreciation, depletion and amortization

    total $1,692 · program services $952 · management and general $309 · fundraising $431

  • 23 · Insurance

    total $10,763 · management and general $10,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,189 · end of year $13,965

  • 2 · Savings and temporary cash investments

    beginning of year $7,016,409 · end of year $11,042,079

  • 3 · Pledges and grants receivable

    beginning of year $185,000 · end of year $405,000

  • 7 · Other notes and loans receivable

    beginning of year $771,738 · end of year $748,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,479 · end of year $16,127

  • 10a · Land, buildings and equipment: cost or other basis

    $10,116

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,230

  • 10c · Land, buildings and equipment, net

    beginning of year $7,578 · end of year $5,886

  • 11 · Investments: publicly traded securities

    beginning of year $567,433,127 · end of year $909,884,705

  • 15 · Other assets

    beginning of year $1,750 · end of year $1,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,466 · end of year $32,869

  • 18 · Grants payable

    beginning of year $0 · end of year $1,600

  • 24 · Unsecured notes and loans payable

    beginning of year $24,862 · end of year $24,357

  • 27 · Net assets without donor restrictions

    beginning of year $575,389,942 · end of year $922,059,656

Mission and programs · 2025

Mission

INSPIRING AND ENABLING AMERICANS AND THEIR TRUSTED ADVISORS TO CREATE, PRESERVE AND PASS ON THEIR PHILANTHROPIC LEGACY THROUGH DONOR ADVISED FUND SOLUTIONS WHERE THE IMPACT IS TRULY REMARKABLE AND THE EXPERIENCE IS FUN, RESULTING IN ADDITIONAL CHARITABLE GIVING.

Activities or mission (Part I)

TO ENCOURAGE PHILANTHROPY AND INSPIRE AMERICANS TO CREATE THEIR LEGACY THROUGH DONOR ADVISED FUNDS.

  • IGIFTFUND MAKES GRANTS TO U.S. CHARITABLE TAX-EXEMPT ORGANIZATIONS TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATIONS.

    Expenses $86,012,051 · Grants $85,037,161

As filed on the 2025 return.

Listed in Part VII

  • Philip T Tobin

    CHAIRMAN EMERITUS

    Total calculated
    $11,538
    From this org
    $0
    From related orgs
    $0
    Other
    $11,538
    Hours/week
    40

  • Christopher Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Toby Blossom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jane Howington

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2

  • Matthew F Kadish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Pat Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Dave Pratt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Patrick Scherer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Lawrence Spieth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • William A Payne

    PRESIDENT/CEO

    Total calculated
    $285,254
    From this org
    $252,000
    From related orgs
    $0
    Other
    $33,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $7,560
    Nontaxable benefits
    $25,694
    Filer's total
    $285,254

  • Sheilah Villanueva

    EVP/COO

    Total calculated
    $200,574
    From this org
    $187,000
    From related orgs
    $0
    Other
    $13,574
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,000
    Bonus
    $5,000
    Other
    $0
    Deferred
    $5,610
    Nontaxable benefits
    $7,964
    Filer's total
    $200,574

  • Cindy Shedloski

    CONTROLLER

    Total calculated
    $65,231
    From this org
    $56,799
    From related orgs
    $0
    Other
    $8,432
    Hours/week
    20

  • Susan Figler

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $123,088
    From this org
    $115,908
    From related orgs
    $0
    Other
    $7,180
    Hours/week
    40

  • Amy Powers

    VICE PRESIDENT OF FINANCE

    Total calculated
    $76,899
    From this org
    $67,115
    From related orgs
    $0
    Other
    $9,784
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
18 September 2026
IRS schema version
2025v4.2
Source object
202612619349301041

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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