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← PAYPAL CHARITABLE GIVING FUND

Form 990 for tax year 2023

Filed by PAYPAL CHARITABLE GIVING FUND.

Totals

Total revenue
$504,438,362
Total expenses
$503,820,391
Contributions and grants received
$502,665,716
Grants paid
$497,858,808
Program service revenue
$1,772,646
Investment income
$0
Other revenue
$0
Total assets, end of year
$123,651,047
Total liabilities, end of year
$120,764,890
Net assets or fund balances, end of year
$2,886,157
Program services expenses (Part IX)
$503,337,656
Management and general expenses
$378,328
Fundraising expenses
$104,407
Program service expenses (Part III)
$503,337,656

Program services were 99.9% 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.

  • 1d · Related organizations

    $23,579,987

  • 1f · All other contributions, gifts and grants

    $479,085,729

  • 2a · Program service revenue: PROGRAM REVENUE

    total $1,772,646 · related or exempt $1,772,646

  • 3 · Investment income

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 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

  • 7d · Net gain or loss

    total $0

  • 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 $495,321,821 · program services $495,321,821

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $2,536,987 · program services $2,536,987

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $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 $50,719 · program services $25,359 · management and general $5,072 · fundraising $20,288

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $275,456 · management and general $275,456

  • 12 · Advertising and promotion

    total $43,159 · fundraising $43,159

  • 13 · Office expenses

    total $4 · management and general $4

  • 14 · Information technology

    total $537,076 · program services $537,076

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $187 · management and general $187

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $11,479 · management and general $11,479

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TRANSACTION COSTS&SRVC FEES

    total $4,837,710 · program services $4,837,710

  • 24b · Other expenses: PERSONNEL COST

    total $163,840 · program services $40,960 · management and general $81,920 · fundraising $40,960

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $37,743 · program services $37,743

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $4,210 · management and general $4,210

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,986,510 · end of year $123,385,271

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $32,718 · end of year $217,794

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 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 $122,562 · end of year $47,982

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 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 $67,270 · end of year $347,726

  • 18 · Grants payable

    beginning of year $63,367,175 · end of year $113,281,480

  • 19 · Deferred revenue

    beginning of year $4,402,313 · end of year $7,039,418

  • 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 $36,846 · end of year $96,266

  • 27 · Net assets without donor restrictions

    beginning of year $2,268,186 · end of year $2,886,157

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

DEVELOP INNOVATIVE PROGRAMS THAT INTRODUCE CHARITABLE GIVING IN RELEVANT AND ENGAGING WAYS TO NEW AUDIENCES, BENEFITTING THE CHARITY SECTOR.

  • PAYPAL CHARITABLE GIVING FUND - OUR PROGRAM AIMS TO INSPIRE A NEW WAVE OF PHILANTHROPY, HARNESSING THE POWER OF TECHNOLOGY TO MAKE GIVING A PART OF EVERYDAY LIFE. WE PURSUE THIS VISION BY DEVELOPING INNOVATIVE PROGRAMS THAT INTRODUCE CHARITABLE GIVING IN RELEVANT AND ENGAGING WAYS TO NEW AUDIENCES, BENEFITTING THE CHARITY SECTOR. THROUGH OUR PARTNERSHIPS, WE MAKE IT EASY FOR DONORS TO SUPPORT THE CHARITIES THEY CARE ABOUT ON THE WEBSITES AND APPS THEY USE EVERY DAY. IN DOING SO, WE ENABLE CHARITIES TO FORGE RELATIONSHIPS WITH NEW SUPPORTERS, AND TO BENEFIT FROM NEW SOURCES OF FUNDS TO APPLY IN PURSUIT OF THEIR MISSIONS. WE PROVIDE DONATION AND DONOR REPORTS, ISSUE TAX RECEIPTS, DISTRIBUTE GRANTS, AND HANDLE REGISTRATION REQUIREMENTS - ALL WITHOUT CHARGING INDIVIDUAL DONORS OR CHARITIES FOR OUR SERVICES.

    Expenses $503,337,656 · Grants $497,858,809 · Revenue $1,772,646

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nick Aldridge

    CEO

    Total calculated
    $224,406
    From this org
    $0
    From related orgs
    $215,838
    Other
    $8,568
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $215,838 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,568 related
    Filer's total
    $0 + $224,406 related

  • Nuru Kiyemba

    CFO

    Total calculated
    $206,058
    From this org
    $0
    From related orgs
    $182,436
    Other
    $23,622
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0 + $182,436 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,296 related
    Nontaxable benefits
    $0 + $15,326 related
    Filer's total
    $0 + $206,058 related

  • Joshua Tripp

    PRESIDENT & COO

    Total calculated
    $54,886
    From this org
    $0
    From related orgs
    $54,886
    Other
    $0
    Hours/week
    35 + 15 related

  • Oktay Dogramaci

    BOARD CHAIR (THRU 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Shanthini Sarkar

    BOARD CHAIR (EFF. 08/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Ellie Diaz

    BOARD MEMBER (THRU 12/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Tie Kim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Franze Paasche

    BOARD MEMBER (THRU 12/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Victoria Vrana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Jeff Karbowski

    TREASURER (THRU 01/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Cosmin Pitigoi

    TREASURER (EFF. 03/2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Alicia Kinsey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 45 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. 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

None.

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

The filer's explanations (Part III)

SCHEDULE J, Part I, Line 3:
PAYPAL CHARITABLE GIVING FUND DOES NOT COMPENSATE THE CEO. HIS COMPENSATION IS PAID BY A RELATED ORGANIZATION, PAYPAL GIVING FUND UK. PAYPAL GIVING FUND UK IS A RECOGNIZED CHARITABLE ORGANIZATION IN THE UK. PAYPAL GIVING FUND UK UTILIZED WRITTEN EMPLOYMENT CONTRACT AND COMPENSATION SURVEY OR STUDY TO DETERMINE THE CEO'S COMPENSATION. THE COMPENSATION WAS THEN APPROVED BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • PAYPAL GIVING FUND UK

    n/a · grantmaking · UK · controlled entity

    Directly controlled by ppgf us

  • PAYPAL GIVING FUND CANADA

    n/a · grantmaking · CA · controlled entity

    Directly controlled by ppgf us

  • PAYPAL GIVING FUND AUSTRALIA

    n/a · grantmaking · AS · controlled entity

    Directly controlled by ppgf us

  • PAYPAL GIVING FUND IRELAND

    N/A · GRANTMAKING · EI · controlled entity

    Directly controlled by PPGF US

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PAYPAL

    C CORP · digital payme · CA · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
23 October 2024
IRS schema version
2023v5.1
Source object
202422999349301487

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

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