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← CHARITIES AID FOUNDATION AMERICA

Form 990 for tax year 2024

Filed by CHARITIES AID FOUNDATION AMERICA.

Totals

Total revenue
$1,059,508,784
Total expenses
$1,021,451,488
Contributions and grants received
$1,039,355,274
Grants paid
$993,190,177
Program service revenue
$480,194
Investment income
$19,262,066
Other revenue
$411,250
Total assets, end of year
$485,759,064
Total liabilities, end of year
$6,727,609
Net assets or fund balances, end of year
$479,031,455
Program services expenses (Part IX)
$1,012,380,164
Management and general expenses
$7,884,873
Fundraising expenses
$1,186,451
Program service expenses (Part III)
$1,012,380,164

Program services were 99.1% 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

    $1,039,355,274

  • 1g · Noncash contributions included above

    $36,706,948

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $480,194 · related or exempt $480,194

  • 3 · Investment income

    total $17,393,960 · excluded $17,393,960

  • 7a · Gross sales of assets other than inventory

    securities $127,143,705

  • 7b · Less cost or other basis and sales expenses

    securities $125,275,599

  • 7c · Gain or loss

    securities $1,868,106

  • 7d · Net gain or loss

    total $1,868,106 · excluded $1,868,106

  • 11a · Other revenue: CAF CANADA ADMIN FEES

    total $361,088 · related or exempt $361,088

  • 11b · Other revenue: OTHER INCOME

    total $50,162 · excluded $50,162

  • 11e · Other revenue, total

    $411,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $734,410,687 · program services $734,410,687

  • 2 · Grants to domestic individuals

    total $548,784 · program services $548,784

  • 3 · Grants to foreign organizations and individuals

    total $258,230,706 · program services $258,230,706

  • 5 · Compensation of officers, directors and key employees

    total $1,876,149 · program services $1,080,268 · management and general $672,482 · fundraising $123,399

  • 7 · Other salaries and wages

    total $11,710,829 · program services $6,742,977 · management and general $4,197,599 · fundraising $770,253

  • 8 · Pension plan contributions

    total $810,786 · program services $466,842 · management and general $290,616 · fundraising $53,328

  • 9 · Other employee benefits

    total $1,445,650 · program services $832,391 · management and general $518,175 · fundraising $95,084

  • 10 · Payroll taxes

    total $713,882 · program services $411,046 · management and general $255,882 · fundraising $46,954

  • 11a · Fees: management

    total $8,688,588 · program services $8,388,100 · management and general $300,488

  • 11b · Fees: legal

    total $179,779 · management and general $179,779

  • 11c · Fees: accounting

    total $189,000 · management and general $189,000

  • 11e · Fees: professional fundraising services

    total $16,776 · fundraising $16,776

  • 13 · Office expenses

    total $742,419 · program services $227,735 · management and general $514,684

  • 14 · Information technology

    total $825,799 · program services $475,487 · management and general $295,997 · fundraising $54,315

  • 16 · Occupancy

    total $299,096 · program services $172,217 · management and general $107,207 · fundraising $19,672

  • 17 · Travel

    total $319,898 · program services $159,949 · management and general $159,949

  • 19 · Conferences, conventions and meetings

    total $330,744 · program services $165,372 · management and general $165,372

  • 20 · Interest

    total $1,295 · management and general $1,295

  • 22 · Depreciation, depletion and amortization

    total $23,613 · program services $13,596 · management and general $8,464 · fundraising $1,553

  • 23 · Insurance

    total $77,794 · program services $44,793 · management and general $27,884 · fundraising $5,117

  • 24a · Other expenses: STATE REGISTRATIONS

    total $9,214 · program services $9,214

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,111,887 · end of year $244,820,253

  • 2 · Savings and temporary cash investments

    beginning of year $41,330,570 · end of year $101,660,140

  • 4 · Accounts receivable

    beginning of year $14,546,086 · end of year $6,793,208

  • 7 · Other notes and loans receivable

    beginning of year $1,000,000 · end of year $1,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $259,915 · end of year $148,375

  • 10a · Land, buildings and equipment: cost or other basis

    $320,238

  • 10b · Land, buildings and equipment: accumulated depreciation

    $284,955

  • 10c · Land, buildings and equipment, net

    beginning of year $51,050 · end of year $35,283

  • 11 · Investments: publicly traded securities

    beginning of year $106,773,888 · end of year $129,993,709

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $843,189 · end of year $1,308,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,832,853 · end of year $2,537,003

  • 18 · Grants payable

    beginning of year $7,346,572 · end of year $3,230,237

  • 19 · Deferred revenue

    beginning of year $1,849,441 · end of year $227,830

  • 25 · Other liabilities

    beginning of year $975,852 · end of year $732,539

  • 27 · Net assets without donor restrictions

    beginning of year $428,834,647 · end of year $473,325,644

  • 28 · Net assets with donor restrictions

    beginning of year $3,077,077 · end of year $5,705,791

Mission and programs · 2024

Mission

CAF AMERICA'S MISSION IS TO DRIVE GREATER, AND MORE IMPACTFUL, PHILANTHROPIC GIVING ACROSS THE U.S. AND WORLD, CONNECTING DONORS, INDIVIDUALS, FAMILIES AND CORPORATIONS - WITH CHARITIES.

Activities or mission (Part I)

TO ENABLE U.S. TAXPAYERS TO GIVE TO VALIDATED CHARITIES ACROSS BORDERS AROUND THE WORLD.

  • DONOR ADVISED FUNDS: CAF AMERICA SPONSORS DONOR ADVISED FUNDS (DAFS) HELD BY CORPORATE, INDIVIDUAL, AND FOUNDATION CLIENTS. IN FY25 DAF HOLDERS, COMPRISING 705 FUNDS, ADVISED OVER 947,000 GRANTS TOTALING OVER $938M TO RECIPIENTS IN OVER 100 COUNTRIES.

    Expenses $956,454,985 · Grants $938,511,933 · Revenue $448,991

  • DONOR ADVISED GIFTS: IN FY25, DONORS WORKED WITH CAF AMERICA TO MAKE 833 DONOR ADVISED GIFTS (DAGS) TOTALING $14M. DONOR ADVISED GIFTS ENABLE DONORS TO RECOMMEND GRANTS WITHOUT ESTABLISHING A SPECIFIC FUND AT CAF AMERICA. THIS PROGRAM SERVES AS A COMPLEMENT TO CAF AMERICA'S PHILANTHROPIC ADVISORY SERVICES AND IS A RESOURCE FOR DONORS INTERESTED IN SUPPORTING A VARIETY OF CAUSES.

    Expenses $14,716,453 · Grants $14,388,328 · Revenue $8,211

  • FRIENDS FUNDS: FRIENDS FUNDS ARE AVAILABLE TO INTERNATIONAL CHARITABLE ORGANIZATIONS TO INCREASE SUPPORT FROM AMERICAN DONORS. DURING FY25, DONORS WORKED WITH CAF AMERICA TO MAKE 361 GRANTS TO 107 FOREIGN CHARITABLE ORGANIZATIONS WHO HAVE ESTABLISHED FRIENDS FUNDS WITH CAF AMERICA. THIS CAF AMERICA PRODUCT AGGREGATES DONATIONS SOLICITED BY FOREIGN CHARITABLE ORGANIZATIONS IN SUPPORT OF PRE-APPROVED CHARITABLE ORGANIZATIONS AND PROJECTS.

    Expenses $41,208,726 · Grants $40,289,916 · Revenue $22,992

  • REVENUE AND EXPENSES PERTAINING TO THE OPERATION AND MANAGEMENT OF PROGRAM SERVICES THAT IS NOT ALLOCABLE TO ANY FUND OR TYPE OF FUND.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Char Mollison

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Martin Riant

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Andras Kosaras

    DIR. (THRU 5/24)/SEC. (AS OF 5/24)

    Total calculated
    $0
    Hours/week
    3

  • Anna Hofmeister

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Oscar Bazoberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Hammerstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neil Heslop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audrey L Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oscar De Bruyn Kops

    SEC. (THRU 4/24)/DIR. (AS OF 4/24)

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Summers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Morey Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rodger Jacobson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $397,518
    From this org
    $352,074
    From related orgs
    $0
    Other
    $45,444
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,385
    Bonus
    $21,997
    Other
    $5,692
    Deferred
    $30,500
    Nontaxable benefits
    $14,944
    Filer's total
    $397,518

  • Jessica Krafft

    PRESIDENT & CEO

    Total calculated
    $387,261
    From this org
    $353,997
    From related orgs
    $0
    Other
    $33,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,392
    Bonus
    $67,384
    Other
    $221
    Deferred
    $23,000
    Nontaxable benefits
    $10,264
    Filer's total
    $387,261

  • Nicole Varner

    SENIOR VICE PRESIDENT

    Total calculated
    $206,501
    From this org
    $170,900
    From related orgs
    $0
    Other
    $35,601
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,245
    Bonus
    $10,809
    Other
    $3,846
    Deferred
    $23,000
    Nontaxable benefits
    $12,601
    Filer's total
    $206,501

  • Roberto Trevino

    VP, THOUGHT LEADERSHIP & PHILAN.

    Total calculated
    $184,926
    From this org
    $159,235
    From related orgs
    $0
    Other
    $25,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,329
    Bonus
    $10,732
    Other
    $3,174
    Deferred
    $23,000
    Nontaxable benefits
    $2,691
    Filer's total
    $184,926

  • Brooks Reed

    ASST. VICE PRESIDENT, FINANCE

    Total calculated
    $172,436
    From this org
    $147,630
    From related orgs
    $0
    Other
    $24,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,067
    Bonus
    $11,480
    Other
    $83
    Deferred
    $14,755
    Nontaxable benefits
    $10,051
    Filer's total
    $172,436

  • Loren Previti

    VP, TECH & CYBERSECURITY

    Total calculated
    $159,400
    From this org
    $153,771
    From related orgs
    $0
    Other
    $5,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,629
    Bonus
    $13,701
    Other
    $3,441
    Deferred
    $3,449
    Nontaxable benefits
    $2,180
    Filer's total
    $159,400

  • Kelsey M McCarthy

    AVP DONOR SERVICES

    Total calculated
    $155,054
    From this org
    $134,795
    From related orgs
    $0
    Other
    $20,259
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,465
    Bonus
    $14,452
    Other
    $1,878
    Deferred
    $9,204
    Nontaxable benefits
    $11,055
    Filer's total
    $155,054

  • Theodore Hart

    FORMER PRESIDENT & CEO

    Total calculated
    $453,149
    From this org
    $441,705
    From related orgs
    $0
    Other
    $11,444
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $16,570
    Bonus
    $19,430
    Other
    $405,705
    Deferred
    $3,645
    Nontaxable benefits
    $7,799
    Filer's total
    $453,149

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 4:
SEVERANCE THE ORGANIZATION PAID THEODORE HART, FORMER CEO, SEVERANCE PAYMENTS TOTALLING $381,118 DURING 2024
PART I, LINE 7:
NONFIXED PAYMENTS UNDER THE PROVISIONS OF THE PRESIDENT AND CEO'S CONTRACT, IN ADDITION TO BASE SALARY AN ANNUAL PERFORMANCE-BASED BONUS MAY BE PAID. THE CONTRACT PROVIDES THAT THE BOARD OF DIRECTORS WILL DETERMINE THE AMOUNT OF THE ANNUAL BONUS AFTER THE END OF EACH FISCAL YEAR DURING THE TERM OF THE CONTRACT, BASED ON THE BOARD'S EVALUATION OF THE PRESIDENT AND CEO'S PERFORMANCE. UNLIKE THE BASE SALARY, THE BONUS PORTION OF THE PRESIDENT AND CEO'S COMPENSATION IS NOT A FIXED PAYMENT BECAUSE THE BOARD HAS DISCRETION OVER THE AMOUNT, IF ANY, OF THE BONUS. THE BONUSES FOR OTHER EXECUTIVES ARE DETERMINED VIA THE STANDARD PLAN FOR ALL EMPLOYEES OTHER THAN THE CEO. THE FORMULA IS BASED UPON THE OVERALL PERFORMANCE OF CAF AND CERTAIN ACHIEVEMENTS IN REVENUE, EXPENSE MANAGEMENT, AND INDIVIDUAL PERFORMANCE REVIEW. THE PLAN WAS DISCONTINUED EFFECTIVE MAY 1, 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

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
16 February 2026
IRS schema version
2024v5.5
Source object
202610489349300906

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

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