Skip to content
Nonprofiteer
← INDEPENDENT CHARITABLE GIFT FUND

Form 990 for tax year 2023

Filed by INDEPENDENT CHARITABLE GIFT FUND.

Totals

Total revenue
$157,167,974
Total expenses
$53,665,266
Contributions and grants received
$146,605,675
Grants paid
$51,267,545
Program service revenue
$0
Investment income
$10,558,405
Other revenue
$3,894
Total assets, end of year
$418,174,157
Total liabilities, end of year
$32,772
Net assets or fund balances, end of year
$418,141,385
Program services expenses (Part IX)
$51,458,354
Management and general expenses
$1,983,176
Fundraising expenses
$223,736
Program service expenses (Part III)
$51,458,354

Program services were 95.9% 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

    $146,605,675

  • 1g · Noncash contributions included above

    $89,022,468

  • 3 · Investment income

    total $10,558,405 · excluded $10,558,405

  • 11a · Other revenue: OTHER INCOME

    total $3,894 · excluded $3,894

  • 11e · Other revenue, total

    $3,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,267,545 · program services $51,267,545

  • 5 · Compensation of officers, directors and key employees

    total $289,328 · program services $64,965 · management and general $138,445 · fundraising $85,918

  • 7 · Other salaries and wages

    total $147,574 · program services $33,221 · management and general $70,587 · fundraising $43,766

  • 8 · Pension plan contributions

    total $23,742 · program services $5,502 · management and general $11,313 · fundraising $6,927

  • 10 · Payroll taxes

    total $30,886 · program services $6,946 · management and general $14,780 · fundraising $9,160

  • 11b · Fees: legal

    total $1,796 · management and general $1,796

  • 11c · Fees: accounting

    total $20,300 · management and general $20,300

  • 11f · Fees: investment management

    total $1,616,205 · management and general $1,616,205

  • 11g · Fees: other

    total $8,777 · management and general $8,777

  • 12 · Advertising and promotion

    total $55,064 · fundraising $55,064

  • 13 · Office expenses

    total $27,229 · program services $10,072 · management and general $11,158 · fundraising $5,999

  • 14 · Information technology

    total $130,214 · program services $61,852 · management and general $61,852 · fundraising $6,510

  • 16 · Occupancy

    total $30,050 · program services $6,758 · management and general $14,380 · fundraising $8,912

  • 17 · Travel

    total $4,850 · program services $1,091 · management and general $2,321 · fundraising $1,438

  • 20 · Interest

    total $1,396 · management and general $1,396

  • 22 · Depreciation, depletion and amortization

    total $846 · program services $402 · management and general $402 · fundraising $42

  • 23 · Insurance

    total $9,464 · management and general $9,464

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,787 · end of year $16,808

  • 2 · Savings and temporary cash investments

    beginning of year $7,550,545 · end of year $6,941,670

  • 3 · Pledges and grants receivable

    beginning of year $266,000 · end of year $195,500

  • 7 · Other notes and loans receivable

    beginning of year $692,962 · end of year $771,657

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,194 · end of year $5,573

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

    $10,116

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

    $846

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $9,270

  • 11 · Investments: publicly traded securities

    beginning of year $274,412,856 · end of year $410,231,929

  • 15 · Other assets

    beginning of year $1,750 · end of year $1,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,969 · end of year $7,910

  • 24 · Unsecured notes and loans payable

    beginning of year $24,750 · end of year $24,862

  • 27 · Net assets without donor restrictions

    beginning of year $282,925,375 · end of year $418,141,385

Mission and programs · 2023

Mission

INSPIRING AND ENABLING AMERICANS AND THEIR TRUSTED ADVISORS TO CREATE, PRESERVE AND PASS ON THEIR PHILANTHROPIC LEGACY THROUGH DONOR ADVISED FUND SOLUTIONS WHERE THE IMPACT IS TRULY REMARKABLE AND THE EXPERIENCE IS FUN.

Activities or mission (Part I)

INSPIRING AMERICANS TO CREATE THEIR LEGACY THROUGH DONOR ADVISED FUNDS.

  • IGIFTFUND MAKES GRANTS TO U.S. CHARITABLE TAX-EXEMPT ORGANIZATIONS TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATIONS.

    Expenses $51,458,354 · Grants $51,267,545

As filed on the 2023 return.

Listed in Part VII

  • PHILIP T TOBIN

    CHAIRMAN

    Total calculated
    $3,635
    From this org
    $0
    From related orgs
    $0
    Other
    $3,635
    Hours/week
    40

  • CHRISTOPHER DUDLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • GARY HANZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • LAWRENCE SPIETH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2

  • WILLIAM A PAYNE

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $115,226
    From this org
    $95,533
    From related orgs
    $0
    Other
    $19,693
    Hours/week
    40

  • SHEILAH VILLANUEVA

    EVP/COO

    Total calculated
    $105,979
    From this org
    $100,332
    From related orgs
    $0
    Other
    $5,647
    Hours/week
    40

  • CINDY SHEDLOSKI

    DIRECTOR OF FINANCE

    Total calculated
    $64,487
    From this org
    $60,297
    From related orgs
    $0
    Other
    $4,190
    Hours/week
    20

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 October 2024
IRS schema version
2023v5.1
Source object
202422919349300522

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.