Form 990 for tax year 2023

Filed by STIFEL CHARITABLE INC.

Totals

Total revenue: $79,001,787
Total expenses: $35,503,887
Contributions and grants received: $76,329,640
Grants paid: $32,220,023
Program service revenue: $0
Investment income: $2,672,147
Other revenue: $0
Total assets, end of year: $224,585,917
Total liabilities, end of year: $1,095,939
Net assets or fund balances, end of year: $223,489,978
Program services expenses (Part IX): $32,220,023
Management and general expenses: $3,283,864
Fundraising expenses: $0
Program service expenses (Part III): $32,220,023

Program services were 90.8% 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

$76,329,640
1g · Noncash contributions included above

$40,289,605
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $5,691,062 · unrelated business -$9,243 · excluded $5,700,305
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $107,379,432
7b · Less cost or other basis and sales expenses

securities $110,398,347
7c · Gain or loss

securities -$3,018,915 · other assets $0
7d · Net gain or loss

total -$3,018,915 · unrelated business $8,715 · excluded -$3,027,630
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $32,220,023 · program services $32,220,023
5 · Compensation of officers, directors and key employees

total $156,758 · management and general $156,758
7 · Other salaries and wages

total $317,771 · management and general $317,771
9 · Other employee benefits

total $33,671 · management and general $33,671
10 · Payroll taxes

total $36,991 · management and general $36,991
11a · Fees: management

total $1,008,411 · management and general $1,008,411
11b · Fees: legal

total $56,674 · management and general $56,674
11c · Fees: accounting

total $390,771 · management and general $390,771
11f · Fees: investment management

total $1,170,970 · management and general $1,170,970
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $8,433 · management and general $8,433
14 · Information technology

total $11,374 · management and general $11,374
19 · Conferences, conventions and meetings

total $4,198 · management and general $4,198
20 · Interest

total $44,804 · management and general $44,804
22 · Depreciation, depletion and amortization

total $23,615 · management and general $23,615
24a · Other expenses: TAXES AND LICENSES

total $14,389 · management and general $14,389
24b · Other expenses: MISCELLANEOUS

total $5,034 · management and general $5,034
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

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
9 · Prepaid expenses and deferred charges

end of year $51,866
10a · Land, buildings and equipment: cost or other basis

$23,270
10b · Land, buildings and equipment: accumulated depreciation

$5,818
10c · Land, buildings and equipment, net

beginning of year $22,106 · end of year $17,452
11 · Investments: publicly traded securities

beginning of year $159,916,048 · end of year $224,516,599
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $961,609 · end of year $483,339
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $600,100 · end of year $612,600
27 · Net assets without donor restrictions

beginning of year $158,376,445 · end of year $223,489,978

Mission and programs · 2023

Mission

THE CHARITABLE MISSION OF STIFEL CHARITABLE INC. IS TO ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING ACROSS THE UNITED STATES FOR THE BETTERMENT OF ALL ITS INHABITANTS, BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT AND ASSISTANCE TO ENCOURAGE CHARITABLE GIVING, AND BY MAKING GRANTS TO OTHER PUBLIC CHARITIES AND EDUCATIONAL INSTITUTIONS FOR CHARITABLE PURPOSES.

Activities or mission (Part I)

TO ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING ACROSS THE UNITED STATES FOR THE BETTERMENT OF ALL ITS INHABITANTS THRU GRANTMAKING

STIFEL CHARITABLE DISTRIBUTED OVER $32.2M IN GRANTS TO OVER 3,000 ORGANIZATIONS FULFILLNG OUR MISSION OF PROVIDING FINANCIAL SUPPORT TO A DIVERSE ARRAY OF CAUSES

Expenses $32,220,023 · Grants $32,220,023

As filed on the 2023 return.

Listed in Part VII

DONNA FREDERICK

EXECUTIVE DIRECTOR

Total calculated

$156,758

From this org

$0

From related orgs

$145,082

Other

$11,676

Hours/week

40

Schedule J breakdown matched by us

Base

$0 + $119,249 related

Bonus

$0 + $25,000 related

Other

$0 + $833 related

Deferred

$0 + $1,000 related

Nontaxable benefits

$0 + $10,676 related

Filer's total

$0 + $156,758 related
DAN GUIRL

BOARD OF DIRECTOR'S MEMBER

Total calculated

$0

Hours/week

0.2 + 0.2 related
JOHN DUBINSKY

BOARD OF DIRECTOR'S MEMBER

Total calculated

$0

Hours/week

0.2 + 0.2 related
KURT LONGWORTH

BOARD OF DIRECTOR'S MEMBER

Total calculated

$0

Hours/week

0.2 + 0.2 related
SCOTT DOLAN

BOARD OF DIRECTOR'S MEMBER

Total calculated

$0

Hours/week

0.2
SUSAN POTTHAST

PRESIDENT

Total calculated

$0

Hours/week

0.5 + 40 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 Arrangement used to establish the top management official's compensation: THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION. THE PRESIDENT OF THE RELATED ORGANIZATION DETERMINES THE COMPENSATION OF THE EXECUTIVE DIRECTOR.

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

SEE ATTACHMENT

$28,431,524

SEE ATTACHMENT

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.

STIFEL TRUST CO

C Corporation · TRUST SERVICE · MO

Directly controlled by STIFEL BANCORP
STIFEL TRUST CO DELAWARE

C Corporation · TRUST SERVICE · DE

Directly controlled by Stifel Bancorp

Provenance

Return type: form_990
Tax year: 2023
Filed: 9 September 2024
IRS schema version: 2023v5.1
Source object: 202432539349300813

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