Form 990 for tax year 2022
Filed by GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC.
Totals
- Total revenue
- $1,938,598,082
- Total expenses
- $1,826,886,885
- Contributions and grants received
- $1,659,631,501
- Grants paid
- $1,805,153,921
- Program service revenue
- $0
- Investment income
- $278,966,581
- Other revenue
- $0
- Total assets, end of year
- $7,530,022,000
- Total liabilities, end of year
- $49,106,000
- Net assets or fund balances, end of year
- $7,480,916,000
- Program services expenses (Part IX)
- $1,806,723,939
- Management and general expenses
- $20,162,946
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,806,723,939
Program services were 98.9% 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
$1,659,631,501
-
1g · Noncash contributions included above
$738,946,186
-
3 · Investment income
total $175,238,777 · excluded $175,238,777
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,444,880,410
-
7b · Less cost or other basis and sales expenses
securities $7,341,152,606
-
7c · Gain or loss
securities $103,727,804
-
7d · Net gain or loss
total $103,727,804 · excluded $103,727,804
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,798,030,862 · program services $1,798,030,862
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $7,123,059 · program services $7,123,059
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $343,178 · management and general $343,178
-
11c · Fees: accounting
total $90,000 · management and general $90,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $10,669,927 · management and general $10,669,927
-
11g · Fees: other
total $1,570,018 · program services $1,570,018
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $1,377,400 · management and general $1,377,400
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $104,052 · management and general $104,052
-
24a · Other expenses: AGENCY FEE
total $7,297,189 · management and general $7,297,189
-
24b · Other expenses: REGISTRATION EXPENSES
total $12,000 · management and general $12,000
-
24c · Other expenses: BOARD COMMUNICATIONS
total $26,200 · management and general $26,200
-
24d · Other expenses: BNY MELLON CUSTODY FEE
total $75,000 · management and general $75,000
-
24e · All other expenses
total $168,000 · management and general $168,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $19,320,000 · end of year $26,302,000
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $78,405,000 · end of year $40,472,000
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $8,248,362,000 · end of year $7,054,170,000
-
12 · Investments: other securities
beginning of year $692,359,000 · end of year $409,078,000
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $70,434,857 · end of year $49,106,000
-
18 · Grants payable
beginning of year $330,186,143 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $8,637,825,000 · end of year $7,480,916,000
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.
-
THE GOLDMAN SACHS PHILANTHROPY FUND ("GSPF") ACCOMPLISHES ITS CHARITABLE PURPOSES BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION MADE APPROXIMATELY 21,600 GRANTS TOTALING APPROXIMATELY $1,805,154,000 TO CHARITABLE ORGANIZATIONS.
Expenses $1,806,723,939 · Grants $1,805,153,921
As filed on the 2022 return.
Listed in Part VII
-
Peter M FaheyPETER M FAHEY
DIRECTOR (UNTIL 11/2022)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Esta StecherESTA STECHER
DIRECTOR-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert KatzROBERT KATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Megan TaylorMEGAN TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mae CavoliMAE CAVOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David GolubDAVID GOLUB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John MastrianiJOHN MASTRIANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Deborah LeoneDEBORAH LEONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff GoldenbergJEFF GOLDENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karey D DyeKAREY D DYE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 15 + 1 related
-
Donald IronsDONALD IRONS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Benjamin RaderBENJAMIN RADER
SECRETARY
- Total calculated
- $0
- Hours/week
- 9
-
Mariam KamshadMARIAM KAMSHAD
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4.5
-
Michael WodaMICHAEL WODA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 12.5
-
Kenneth SheinmanKENNETH SHEINMAN
ASST. TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Peter FortnerPETER FORTNER
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 0.25 related
-
Jack HardingJACK HARDING
ASST TREASURER
- Total calculated
- $0
- Hours/week
- 3 + 0.25 related
-
Brian DesilvaBRIAN DESILVA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephanie JaquezSTEPHANIE JAQUEZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Timothy CorsonTIMOTHY CORSON
VICE PRESIDENT (AS OF 3/2022)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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.
Grants on this return
-
UNIVERSITY OF OREGON FOUNDATION
$196,049,433
EDUCATION
-
$128,000,000
ENVIRONMENT & ANIMAL PROTECTION
-
$108,041,000
COMMUNITY & HUMAN SERVICES
-
$78,665,816
COMMUNITY & HUMAN SERVICES
-
SILICON VALLEY COMMUNITY FOUNDATION
$45,062,703
COMMUNITY & HUMAN SERVICES
-
$30,564,073
COMMUNITY & HUMAN SERVICES
-
UNIVERSITY OF WASHINGTON FOUNDATION
$30,391,200
EDUCATION
-
THE LELAND STANFORD JUNIOR UNIVERSITY
$28,701,985
EDUCATION
-
EDUCATION
-
JUSTICE AND EDUCATION FUND INC
$20,630,000
COMMUNITY & HUMAN SERVICES
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE AYCO CHARITABLE FOUNDATION
501(C)(3) · CHARITABLE · NY
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312859349302266
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