Form 990 for tax year 2024
Filed by THE AMERICAN FOUNDATION FOR CHARITABLE SUPPORT INC.
Totals
- Total revenue
- $5,701,154
- Total expenses
- $2,476,514
- Contributions and grants received
- $3,522,810
- Grants paid
- $1,480,426
- Program service revenue
- $0
- Investment income
- $1,802,138
- Other revenue
- $376,206
- Total assets, end of year
- $20,756,813
- Total liabilities, end of year
- $6,633,445
- Net assets or fund balances, end of year
- $14,123,368
- Program services expenses (Part IX)
- $1,480,426
- Management and general expenses
- $996,088
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,480,426
Program services were 59.8% 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
$3,522,810
-
1g · Noncash contributions included above
$1,578,062
-
3 · Investment income
total $251,267 · related or exempt $251,267
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $4,500
-
6b · Less rental expenses
real property $81,398
-
6c · Rental income or loss
real property -$76,898
-
6d · Net rental income or loss
total -$76,898 · related or exempt -$76,898
-
7a · Gross sales of assets other than inventory
securities $3,478,903
-
7b · Less cost or other basis and sales expenses
securities $1,928,032
-
7c · Gain or loss
securities $1,550,871
-
7d · Net gain or loss
total $1,550,871 · related or exempt $1,550,871
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: CRT ADMIN FEES
total $453,104 · related or exempt $453,104
-
11e · Other revenue, total
$453,104
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,480,426 · program services $1,480,426
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $6,400 · management and general $6,400
-
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 $351,359 · management and general $351,359
-
11b · Fees: legal
total -$405 · management and general -$405
-
11c · Fees: accounting
total $9,436 · management and general $9,436
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $37,871 · management and general $37,871
-
14 · Information technology
total $0
-
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 $298,846 · management and general $298,846
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: REIMBURSED PROGRAM COST
total $274,849 · management and general $274,849
-
24b · Other expenses: OTHER EXPENSE
total $17,732 · management and general $17,732
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,073,414 · end of year $852,772
-
2 · Savings and temporary cash investments
beginning of year $64,454 · end of year $228,704
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $600,002 · end of year $646,561
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $5,838,425 · end of year $8,655,035
-
12 · Investments: other securities
beginning of year $5,289,932 · end of year $5,213,266
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $5,114,573 · end of year $5,160,475
-
17 · Accounts payable and accrued expenses
beginning of year $354,912 · end of year $351,121
-
22 · Loans and payables to officers and key people
beginning of year $693,853 · end of year $693,852
-
23 · Secured mortgages and notes payable
beginning of year $662,759
-
25 · Other liabilities
beginning of year $5,607,328 · end of year $5,588,472
-
27 · Net assets without donor restrictions
beginning of year $7,919,337 · end of year $9,994,455
-
28 · Net assets with donor restrictions
beginning of year $3,742,611 · end of year $4,128,913
Mission and programs · 2024
Mission
THE MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, AND HELP CHARITIES BECOME MORE EFFECTIVE AND SUCCESSFUL.1. WHAT WE MEAN BY PRIVATIZATION OF PHILANTHROPY. PRIVATIZATION OF PHILANTHROPY MEANS CREATING ENDOWMENTS OR FAMILY FOUNDATIONS WHERE THERE IS ONGOING DONOR (OR DONOR FAMILY) INVOLVEMENT AND DIRECTION OVER CHARITABLE GRANT MAKING.2. ACHIEVING OUR MISSION. WE ACHIEVE OUR MISSION BY CREATING INDIVIDUAL, FAMILY, AND CORPORATE FOUNDATIONS, MOSTLY IN THE MORE ADVANTAGEOUS PUBLIC CHARITY SETTING WHERE INDIVIDUALS, FAMILY MEMBERS, AND CORPORATE EXECUTIVES RETAIN THE ONGOING DIRECTION OVER CHARITABLE DISTRIBUTUIONS.3. RESULTS OF OUR MISSION. OUR MISSION AND EFFORTS WILL RESULT IN THE CREATION OF VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY.WE ARE DEVELOPING NEW CHARITABLE PROGRAMS DESIGNED TO HELP CHARITIES IMPROVE THEIR GOVERNANCE STRUCTURE, HUMAN RESOURCES.
-
PROVIDING CHARITABLE ORGANIZATIONS IN THE AMOUNT OF $1,480,426.ALLOCATED COSTS INCURRED IN ADMINISTRATION OF CHARITABLE REMAINDER TRUSTS, PROGRAM PRESENTATION COSTS TO GROUPS, AND OTHERS, AND DISTRIBUTION OF GRANTS AND OTHER COSTS RELATING TO CHARITABLE PROGRAMS.ALLOCATED COSTS INCLUDE ALL COSTS THAT PERTAIN TO SUPPORTING AND EFFECTUATION, EITHER DIRECTLY OR INDIRECTLY, THE CHARITABLE MISSION OF THE AFCS. THIS MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, THEREBY CREATING VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY. INCLUDED IN THESE COSTS ARE ADMISTRATIVE EXPENSES (WHICH INCLUDE ON-GOING TRUST ADMINISTRATION COSTS OF INDIVIDUAL FAMILY FOUNDATIONS AND CHARITABLE REMAINDER TRUSTS), PRINTING EXPENSES, TRAVEL AND PROMOTIONAL EXPENSES, POSTAGE, SOFTWARE, SUPPLIES, OUT-SOURCING COSTS AND COSTS INCURRED IN ASSISTING OTHER CHARITIES.
Expenses $1,480,426
As filed on the 2024 return.
Listed in Part VII
-
BENSON L SCHAUB
PRESIDENT/DIREC
- Total calculated
- $178,074
- From this org
- $0
- From related orgs
- $178,074
- Other
- $0
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- not reported + $178,074 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $178,074 related
-
KIMBER EASTMAN
SEC DIRECTOR
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 0.25 related
-
ROBERT MILLER
DIRECTOR
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
A MELVIN MC DONALD
DIRECTOR
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
BENSON S SCHAUB
Director
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 7: Non-Fixed payments not listed above
- BENSON L. SCHAUB IS THE SOLE MEMBER OF FOUNDATION SERVICES OF AMERICA, LLC. THIS ENTITY HAS A CONTRACT TO PROVIDE SERVICES TO ORGANIZATIONS RELATED TO THIS ENTITY. THE NET INCOME FORM THE LLC WAS $178,074. THIS AMOUNT IS REPORTED IN SCHEDULE J, PART II OF FORM 990, AS BENSON L. SCHAUB'S COMPENSATION FROM RELATED ORGANIZATIONS. NO OTHER COMPENSATION WAS PAID BY AMERICAN FOUNDATION FOR CHARITABLE SUPPORT INC. IN 2024.
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
-
$820,000
EDUCATION
-
$105,400
RELIGIOUS
-
$100,000
GENERAL USE
-
$48,000
GENERAL USE
-
$28,293
MEDICAL
-
$20,000
GENERAL USE
-
$15,000
EDUCATION
-
$15,000
GENERAL USE
-
$13,000
EDUCATION
-
$10,430
GENERAL USE
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.
-
AMERICAN SUPPORT FOUNDATION TRUST
501 (C) (3) · FINANCIAL SUPPORT OF CHARITABLE INSTITUT · AZ
Directly controlled by AMERICAN FOUNDATION INC
-
501 (C) (3) · FINANCIAL SUPPORT OF CHARITABLE INSTITUT · AZ
Directly controlled by AMERICAN FOUNDATION INC
-
501 (C) (3) · ASSIST CHARITABLE ORG IN THE PRIVATIZATI · AZ
Directly controlled by AMERICAN FOUNDATION INC
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HOLD TITLE TO REAL ESTATE REC'D AS CONTRIBUTION TO AFCS · AZ
Directly controlled by AMERICAN FOUNDATION FOR CHARITABLE SUPPO
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INVESTMENTS · AZ · 44.87% owned
-
INVESTMENTS · AZ · 80.8% owned
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FOUNDATION PLANNERS OF AMERICA INC
C CORP · ADMINISTRATION OF CHARITABLE REMAINDER T · AZ · 100% owned
Directly controlled by AMER FNDN FOR CHARIT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 June 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511569349301471
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