Form 990 for tax year 2022

Filed by GIVINGA FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 30 January 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses: $33,955,596 changed to $33,965,096
Total liabilities, end of year: $3,472,002 changed to $3,481,502
Net assets or fund balances, end of year: $1,771,804 changed to $1,762,304
Management and general expenses: $98,749 changed to $108,249

Listed under a different title

DR LAURA GERMINE: TRUSTEE then DIRECTOR
SCOT BILLINGTON: TRUSTEE then DIRECTOR
WILLIS C O'BRIEN: EXECUTIVE DIRECTOR then EXECUTIVE DIRECTOR/DIRECTOR

Totals

Total revenue: $34,461,768
Total expenses: $33,955,596
Contributions and grants received: $34,461,745
Grants paid: $13,644,018
Program service revenue: $0
Investment income: $23
Other revenue: $0
Total assets, end of year: $5,243,806
Total liabilities, end of year: $3,472,002
Net assets or fund balances, end of year: $1,771,804
Program services expenses (Part IX): $14,622,796
Management and general expenses: $98,749
Fundraising expenses: $19,234,051
Program service expenses (Part III): $14,622,796

Program services were 43.1% 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

$34,461,745
3 · Investment income

total $23 · excluded $23

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $13,644,018 · program services $13,644,018
11b · Fees: legal

total $24,082 · management and general $24,082
11c · Fees: accounting

total $42,249 · management and general $42,249
11e · Fees: professional fundraising services

total $14,869,434 · fundraising $14,869,434
13 · Office expenses

total $1,561 · management and general $1,561
14 · Information technology

total $30,857 · management and general $30,857
24a · Other expenses: FUNDRAISING FEES

total $4,364,617 · fundraising $4,364,617
24b · Other expenses: BANK AND CREDIT CARD FE

total $934,941 · program services $934,941
24c · Other expenses: COST OF SERVICE

total $43,837 · program services $43,837

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $2,296,256 · end of year $5,016,977
2 · Savings and temporary cash investments

beginning of year $226,760 · end of year $226,829
4 · Accounts receivable

beginning of year $353,348 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $1,605,658 · end of year $3,472,002
25 · Other liabilities

beginning of year $5,074 · end of year $0
27 · Net assets without donor restrictions

beginning of year $1,265,632 · end of year $1,771,804

Mission and programs · 2022

Mission

OUR MISSION IS TO EMPOWER DONORS OF ALL SIZES THROUGH A TRANSPARENT AND ACCOUNTABLE PUBLIC CHARITY PLATFORM THAT PROVIDES ACCESS TO WORLD CLASS GIVING ACCOUNTS AND PROMOTES ACTIVE AND CONSISTENT GIVING.

Activities or mission (Part I)

TO PROVIDE ACCESS TO WORLD CLASS GIVING ACCOUNTS AND PROMOTES ACTIVE AND CONSISTENT GIVING

THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: 1. WE ARE AN INDEPENDENT 501(3) PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF OUR DONATIONS FROM THE PUBLIC AND THAT SUPPORT COMES FROM A BROAD AND DIVERSE NUMBER OF INDIVIDUALS, FAMILIES AND COMPANIES. WE ARE NOT AN "AFFILIATED NON-PROFIT ENTITY" OF A LARGER FINANCIAL INSTITUTION. WE DON'T SUPPORT A SPECIFIC COMMUNITY, GEOGRAPHY OR RELIGIOUS ORGANIZATION. INSTEAD, THE GIVINGA FOUNDATION IS A SPONSORING ORGANIZATION BUILT AND DESIGNED TO SUPPORT THE CHARITABLE GIVING ACTIVITIES OF ALL ITS INDIVIDUAL ACCOUNT HOLDERS EQUALLY. II. WE BELIEVE DONOR ADVISED FUNDS SHOULD BE ACCESSIBLE TO ALL AND WE HAVE BUILD A PLATFORM THAT REMOVES HIGH MINIMUMS REQUIRED TO OPEN AN ACCOUNT, HIGH MINIMUM GRANT REQUIREMENTS AND ASSET UNDER MANAGEMENT FEES THAT PROMOTE ACCUMULATION VERSUS GIVING ACTIVITIES TO GIVE SMALL AND MID-SIZED PHILANTHROPISTS A PLATFORM TO ORGANIZE THEIR GIVING STRATEGIES. WE BELIEVE THAT THE DAF IS ONE OF THE MOST EFFICIENT AND EFFECTIVE GIVING VEHICLES IN THE MARKET TODAY AND HAVE CREATED A PLATFORM THAT IS ACCESSIBLE TO DONORS OF ANY SIZE. WHAT THIS MEANS IS THAT ANYONE CAN CREATE AN ACCOUNT WITH THE GIVINGA FOUNDATION AND HAVE ACCESS TO ALL OF THE TOOLS NECESSARY TO MAXIMIZE THEIR IMPACT III. WEFACILITATE AMPLIFIED GIVING. TECHNOLOGY HAS IMPROVED MANY ASPECTS OF OUR DAILY LIVES AND WE BELIEVE THAT IT CAN DO THE SAME FOR GIVING. OUR PARTNERSHIP WITH GIVINGA, INC. ALLOWS THE FOUNDATION TO PROVIDE OURACCOUNT HOLDERS WITH UNPRECEDENTED ACCESS TO POOLS OF GIVING CAPITAL AS WELL AS THE ABILITY TO CONNECT WITH OTHER PHILANTHROPISTS THAT SHARE THEIR PASSION. OUR CAMPAIGN PLATFORM ALLOWS ANYONE WITH AN ACCOUNT TO CREATE A CAUSE-SPECIFIC CAMPAIGNS AND SHARE WITH THEIR FRIENDS, FAMILYAND SOCIAL NETWORKS. ACCOUNT HOLDERS CREATE AND GIVING, INC. PROVIDES REPORTING, AND=MINISTRATION AND TAX RECEIPTING. IN ADDITION, OUR ACCOUNT HOLDERS HAVE ACCESS TO MULTIPLE POOLS OF ADDITIONAL CAPITAL (WE CALL THESE POOLS AMPLIFIERS) TO INCREASE THE TOTAL IMPACT OF THE GRANT.IV. WE FOLLOW AN "ASSETS IN MOTION" PHILOSOPHY THE GIVINGA FOUNDATION HAS CREATED A REVOLUTIONARY SPONSORING ORGANIZATION THAT ALIGNS ALL PARTIES AROUND GRANTING VERSUS ACCUMULATING ASSETS. DONOR ADVISED FUNDS PROVIDE UNPRECEDENTED FLEXIBILITY TO ACCOUNT HOLDERS AND ARE NOTSUBJECT TO EXCISE TAXES, PAYOUT RULES OR DISCLOSURE REQUIREMENTS. THE GF PLATFORM HAS BEEN DEVELOPED TO MAXIMIZE ACCOUNT HOLDER IMPACT AND IS STRUCTURED AND PRICED AROUND ACTIVE GRANT MAKING. IN PARTNERSHIP WITH OUR ADMINISTRATIVE PROVIDER GIVINGA, INC. WE HAVE CREATED THE FIRST ZERO FEE STRUCTURE IN THE UNITED STATES. WE CHARGE NO START-UP FEE, NO FEES BASED ON ASSETS UNDER MANAGEMENT AND NO FEES ON ACCOUNT HOLDER ASSETS GRANTED DIRECTLY TO CHARITY. IN ADDITION, WE ADHERE TO A "BREAKEVEN" MODEL OF ADMINISTRATION, DIRECTING ALL ANNUAL EXCESS REVENUES BACK IN DIRECT SUPPORT OF OUR ACCOUNT HOLDERS.

Expenses $14,622,796 · Grants $13,644,018

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JOSEPH PHOENIX

PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1
SCOT BILLINGTON

TRUSTEE

Total calculated

$0

Hours/week

1
WILLIS C O'BRIEN

EXECUTIVE DIRECTOR

Total calculated

$0

Hours/week

1
DR LAURA GERMINE

TRUSTEE

Total calculated

$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.

Grants on this return

CARE

$618,665

PROGRAM SUPPORT
GAMES FOR LOVE

$215,583

PROGRAM SUPPORT
MOUNTAIN MISSION INC WELFARE ACCT

$160,000

PROGRAM SUPPORT
COMPASS WORKING CAPITAL INC

$150,000

PROGRAM SUPPORT
HILARITY FOR CHARITY

$150,000

PROGRAM SUPPORT
NATIONAL ABORTION FEDERATION

$101,891

PROGRAM SUPPORT
STREET DREAMZ FOUNDATION INC

$88,902

PROGRAM SUPPORT
GLOBALGIVING

$58,184

PROGRAM SUPPORT
AMERICAN CANCER SOCIETY

$55,273

PROGRAM SUPPORT
SAVE THE CHILDREN

$54,326

PROGRAM SUPPORT

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

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202333199349323323

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

The source document this was parsed from is served over the API, which is where bulk and document access live.