- Revenue 2024
- $294,438,756
- Expenses 2024
- $291,549,081
Program services were 98.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- T99
- Classification
- 1000
- Street
- 1800 DIAGONAL RD STE 280
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Other organizations at this address
1 other organization in the IRS Business Master File lists the same street address. matched by us
This address is a suite or unit (STE 280). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.
We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.
-
DONORS CAPITAL FUND INC
EIN 54-1934032
Mission and programs · 2024
Mission
Support charities & sponsor programs which alleviate, through education, research & private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, environment, economics, foreign relations, arts and culture. Encourage private philanthropy and individual giving as opposed to governmental solutions to society's problems.
Activities or mission (Part I)
Support charities & sponsor programs that promote liberty- See Part III
-
A Donor Advised Fund (DAF) program allowing DAF contributors to advise grants that support charities which alleviate, through education, research and private initiatives, society's most pervasive and radical needs, including those relating to social welfare, health, environment, economics, governance, foreign relations and arts and culture; and which encourage private philanthropy and individual giving and responsibility as an answer to society's needs, as opposed to governmental involvement.
Expenses $285,164,806 · Grants $283,170,830
-
Donors Trust serves as an incubator for organizations with missions that align with that of Donors Trust and that are in the process of applying for tax-exempt status, thereby allowing these start-up organizations a chance to begin operations while waiting for formal recognition of their non-profit status.
Expenses $630,407 · Grants $626,012
-
Donors Trust initiated a program to make grants to foreign NGOs for which Donors Trust receives an equivalency determination that finds had the foreign organization been (1) a U.S. based organization and (2) applied for tax-exempt status the NGO would have received recognition as a 501(c)(3) publicly supported charity.
Expenses $326,806 · Grants $326,806
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Kimberly O Dennis
Chair
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
James Piereson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Thomas E Beach
Director
- Total calculated
- $0
- Hours/week
- 1
-
George GH Coates Jr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lawson R Bader
President and CEO
- Total calculated
- $507,792
- From this org
- $399,997
- From related orgs
- $0
- Other
- $107,795
- Hours/week
- 42 + 3 related
Schedule J breakdown matched by us
- Base
- $380,997
- Bonus
- $19,000
- Other
- $0
- Deferred
- $51,750
- Nontaxable benefits
- $56,045
- Filer's total
- $507,792
-
Jeffrey C Zysik
CFO, COO and Treasurer
- Total calculated
- $402,850
- From this org
- $312,413
- From related orgs
- $0
- Other
- $90,437
- Hours/week
- 42 + 3 related
Schedule J breakdown matched by us
- Base
- $298,913
- Bonus
- $13,500
- Other
- $0
- Deferred
- $47,202
- Nontaxable benefits
- $43,235
- Filer's total
- $402,850
-
Peter A Lipsett
Vice President
- Total calculated
- $312,788
- From this org
- $240,536
- From related orgs
- $0
- Other
- $72,252
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $227,036
- Bonus
- $13,500
- Other
- $0
- Deferred
- $36,915
- Nontaxable benefits
- $35,337
- Filer's total
- $312,788
-
Stephen M Johnson
CTO
- Total calculated
- $235,129
- From this org
- $188,141
- From related orgs
- $0
- Other
- $46,988
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $176,641
- Bonus
- $11,500
- Other
- $0
- Deferred
- $28,781
- Nontaxable benefits
- $18,207
- Filer's total
- $235,129
-
Gregory P Conko
Vice President of Programs
- Total calculated
- $303,845
- From this org
- $236,087
- From related orgs
- $0
- Other
- $67,758
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $222,587
- Bonus
- $13,500
- Other
- $0
- Deferred
- $35,644
- Nontaxable benefits
- $32,114
- Filer's total
- $303,845
-
Lukas C Dwelly
Philanthropic Advisor
- Total calculated
- $232,656
- From this org
- $186,290
- From related orgs
- $0
- Other
- $46,366
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,790
- Bonus
- $14,500
- Other
- $0
- Deferred
- $25,253
- Nontaxable benefits
- $21,113
- Filer's total
- $232,656
-
Stephanie L Giovanetti
Philanthropic Advisor
- Total calculated
- $196,142
- From this org
- $170,558
- From related orgs
- $0
- Other
- $25,584
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,058
- Bonus
- $11,500
- Other
- $0
- Deferred
- $25,584
- Nontaxable benefits
- $0
- Filer's total
- $196,142
-
Christopher D Renner
Controller
- Total calculated
- $212,846
- From this org
- $163,134
- From related orgs
- $0
- Other
- $49,712
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $159,134
- Bonus
- $4,000
- Other
- $0
- Deferred
- $25,253
- Nontaxable benefits
- $24,459
- Filer's total
- $212,846
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $294,438,756
- Expenses
- $291,549,081
- Contributions
- $232,107,427
- Grants paid
- $284,123,648
-
2023
- Revenue
- $158,252,948
- Expenses
- $357,941,924
- Contributions
- $226,046,613
- Grants paid
- $351,237,082
-
2022
- Revenue
- $323,050,038
- Expenses
- $248,109,953
- Contributions
- $303,257,214
- Grants paid
- $242,230,612
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $1,094,663,581
- Expenses
- $191,858,622
- Assets (EOY)
- $1,504,903,651
-
2020 · 990
- Revenue
- $360,225,715
- Expenses
- $185,809,701
- Assets (EOY)
- $607,685,575
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.
Grants made
-
$100,650,000
2023 for a donor-advised fund
-
MedStar Georgetown University Hospital
$35,000,000
2024 for the MedStar Orthopaedic Institute
-
$25,000,000
2023 for general operations
-
America First Legal Foundation
$20,734,450
2024 for general operations
-
$14,500,000
2022 for general operations
-
$12,727,215
2022 for a donor-advised fund account
-
$9,875,292
2023 for general operations
-
$9,010,000
2022 for general operations
-
$8,542,400
2022 for general operations
-
Oregon Institute of Science and Medicine
$7,964,611
2022 for general operations
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
$92,050,000
2023 General Support
-
$92,000,000
2022 General Support
-
$67,900,000
2024 General Support
-
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$21,584,251
2023 For grant recipient's exempt purposes
-
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$15,570,000
2022 FOR RECIPIENT'S EXEMPT PURPOSE
-
COUNTER EXTREMISM PROJECT UNITED INC
$9,100,500
2022 GENERAL SUPPORT TO CARRY OUT EDUCATIONAL AND CHARITABLE PURPOSES.
-
COUNTER EXTREMISM PROJECT UNITED INC
$7,462,350
2023 GENERAL SUPPORT TO CARRY OUT EDUCATIONAL AND CHARITABLE PURPOSES.
-
VANGUARD CHARITABLE ENDOWMENT PROGRAM
$5,165,000
2023 FOR RECIPIENT'S EXEMPT PURPOSE
-
$4,074,116
2024 Donor-advised funds & general operations
-
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$2,874,455
2022 For grant recipient's exempt purposes
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
501(c)(3) · Grant making organization · MD
-
Project Liberty Inc
501(c)(3) · Direct charitable program activity · DE
Declared as related by
-
On its 2024 return
Taxable family
From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.
Disregarded entities on its 2024 return
-
Donors Trust LLC
Inactive · MD
-
Talent Market LLC
Inactive, holding cash to be granted · MD
-
DT Investments I LLC
Hold investment property · DE
-
Galen Institute at Donors LLC
Charitable program activity · VA
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.