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← INTERNATIONAL GENEROSITY FOUNDATION TRUST

Form 990 for tax year 2022

Filed by INTERNATIONAL GENEROSITY FOUNDATION TRUST.

Totals

Total revenue
$125,498,191
Total expenses
$92,711,483
Contributions and grants received
$100,140,135
Grants paid
$89,807,658
Program service revenue
$0
Investment income
$722,159
Other revenue
$24,635,897
Total assets, end of year
$103,827,714
Total liabilities, end of year
$241,535
Net assets or fund balances, end of year
$103,586,179
Program services expenses (Part IX)
$89,807,658
Management and general expenses
$2,903,825
Fundraising expenses
$0
Program service expenses (Part III)
$89,807,658

Program services were 96.9% 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.

  • 1f · All other contributions, gifts and grants

    $100,140,135

  • 1g · Noncash contributions included above

    $22,353,146

  • 3 · Investment income

    total $494,470 · excluded $494,470

  • 5 · Royalties

    total $9,499,564 · excluded $9,499,564

  • 7a · Gross sales of assets other than inventory

    securities $6,867,767 · other assets $357,243

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

    securities $6,997,321 · other assets $0

  • 7c · Gain or loss

    securities -$129,554 · other assets $357,243

  • 7d · Net gain or loss

    total $227,689 · unrelated business $357,243 · excluded -$129,554

  • 11a · Other revenue: ADDL UBI FROM 990-T

    total $15,136,333 · unrelated business $15,136,333

  • 11e · Other revenue, total

    $15,136,333

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,774,658 · program services $60,774,658

  • 3 · Grants to foreign organizations and individuals

    total $29,033,000 · program services $29,033,000

  • 11a · Fees: management

    total $921,000 · management and general $921,000

  • 11c · Fees: accounting

    total $17,776 · management and general $17,776

  • 11g · Fees: other

    total $5,769 · management and general $5,769

  • 13 · Office expenses

    total $76 · management and general $76

  • 14 · Information technology

    total $24,075 · management and general $24,075

  • 24a · Other expenses: TAX EXPENSE

    total $1,912,937 · management and general $1,912,937

  • 24b · Other expenses: OTHER EXPENSES

    total $22,192 · management and general $22,192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,391,266 · end of year $2,778,363

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $999,221

  • 4 · Accounts receivable

    beginning of year $2,475,419 · end of year $1,983,752

  • 7 · Other notes and loans receivable

    beginning of year $43,403 · end of year $17,346,641

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $9,214,324

  • 12 · Investments: other securities

    beginning of year $71,505,413 · end of year $71,505,413

  • 13 · Investments: program-related

    beginning of year $5,800,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,809 · end of year $75,010

  • 25 · Other liabilities

    beginning of year $235,400 · end of year $166,525

  • 27 · Net assets without donor restrictions

    beginning of year $82,908,292 · end of year $103,586,179

Mission and programs · 2022

Mission

INTERNATIONAL GENEROSITY FOUNDATION TRUST IS A GRANTMAKING ORGANIZATION THAT SUPPORTS AND MAKES DISTRIBUTIONS TO CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL CAUSES, WITH A FOCUS ON MAKING GLOBAL GIVING EASY.

  • INTERNATIONAL GENEROSITY FOUNDATION TRUST ENGAGED IN ACTIVITIES DESIGNED TO ENCOURAGE GRANTMAKING THAT SUPPORTS AND MAKES DISTRIBUTIONS TO CHARITABLE, RELIGIOUS, SCIENTIFIC, AND EDUCATIONAL CAUSES.

    Expenses $89,807,658 · Grants $89,807,658

As filed on the 2022 return.

Listed in Part VII

  • ROBERT G COLLINS

    PRESIDENT, IGFT CORP, TTEE

    Total calculated
    $0
    Hours/week
    5

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

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.

  • KEYSTONE IP LLC

    HOLDS INTELLECTUAL PROPERTY · DE · income $9,499,564 · assets $20,000,000

    Directly controlled by KEYSTONE IP LLC

Related corporations and trusts

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

  • UPRIGHT HOLDINGS INC

    S · HOLDING COMPANY · DE · 100% owned · share of income $45,212,118 · share of assets $51,505,413

    Directly controlled by THE UH VOTING TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
5 November 2023
IRS schema version
2022v5.0
Source object
202323099349300202

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