Tisbest Philanthropy is located in Seattle, WA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Tisbest Philanthropy employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tisbest Philanthropy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Tisbest Philanthropy generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $10.2m during the year ending 06/2023. While expenses have increased by 39.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tisbest Philanthropy has awarded 1,276 individual grants totaling $30,083,921. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TISBEST PHILANTHROPY CONNECTS BUSINESSES AND INDIVIDUALS WITH IMPORTANT CAUSES BY REPLACING GIFTS OF "STUFF" WITH GIFTS OF "GOOD."
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITY GIFT CARD SPECIAL PROGRAM: THE CHARITY GIFT CARD SPECIAL PROGRAM, FUELED BY A GENEROUS DONATION FROM A VALUED CUSTOMER, AIMED TO ELEVATE CHARITABLE GIVING DURING THE HOLIDAY SEASON THROUGH A CUSTOM CHARITY SELECTION EXPERIENCE AND WEEKLY CHARITY DISTRIBUTION PROCESS. THROUGH THE DISTRIBUTION OF CHARITY GIFT CARDS, THIS PROGRAM ENABLED RECIPIENTS TO DIRECT FUNDS TO THE CHARITIES OF THEIR CHOICE, SHOWCASING OUR COMMITMENT TO SPREADING PHILANTHROPY AND SUPPORTING A WIDE RANGE OF CAUSES NATIONALLY AND INTERNATIONALLY. THIS INITIATIVE IS ALL ABOUT MAKING IT EASY AND IMPACTFUL FOR PEOPLE TO CONTRIBUTE TO THE GREATER GOOD. EVERY SINGLE DOLLAR OF THE OVER $5.5 MILLION DONATED FOR THIS CAMPAIGN WENT STRAIGHT TO CHARITY, THANKS TO THE COMPLETE FUNDING OF THE CAMPAIGN THROUGH DONATIONS FROM OUR CUSTOMER. WE MADE SURE THAT 100% OF THIS GENEROUS CONTRIBUTION WAS USED TO DISTRIBUTE THE CHARITY GIFT CARDS, ENSURING AN EFFICIENT AND IMPACTFUL DELIVERY OF THE PROGRAM. OUR APPROACH WAS ALL ABOUT MAKING SURE THE MAXIMUM POSSIBLE AMOUNT REACHED THE CHARITIES, WITH NO ADMINISTRATIVE COSTS EATING INTO THE FUNDS MEANT FOR THOSE IN NEED.
CHARITY GIFT CARD PROGRAM FOR BUSINESSES AND CONSUMERS: : THE CHARITY GIFT CARD PROGRAM IS DESIGNED TO EMPOWER BOTH BUSINESSES AND CONSUMERS TO GIVE GIFTS OF CHARITY WHERE THEY MIGHT TRADITIONALLY GIVE A MATERIAL GIFT. BY PURCHASING GIFT CARDS, RECIPIENTS CAN ALLOCATE THE FUNDS TO ANY OF THE NUMEROUS U.S. CHARITIES. THIS INNOVATIVE APPROACH ENCOURAGES PHILANTHROPY AND SOCIAL RESPONSIBILITY BY MAKING CHARITABLE GIVING ACCESSIBLE AND PERSONALIZED. THE PROGRAM HAS SIGNIFICANTLY INCREASED CHARITABLE DONATIONS AND AWARENESS FOR VARIOUS CAUSES. IT HAS ENGAGED THOUSANDS OF BUSINESSES AND INDIVIDUAL CONSUMERS IN PHILANTHROPY. SUCCESS STORIES INCLUDE FUNDING FOR EDUCATION, HEALTHCARE, ENVIRONMENTAL CONSERVATION, AND MORE, DIRECTLY ATTRIBUTING TO THE GENEROSITY FACILITATED THROUGH THESE GIFT CARDS. THE CHARITY GIFT CARD PROGRAM HAS MANAGED TO ALLOCATE MILLIONS OF DOLLARS TO CHARITABLE ORGANIZATIONS. FOR THE FY 2023 REPORTING PERIOD, A TOTAL EXPENDITURE OF $1,500,000 WAS INVESTED IN THE PROGRAM, COVERING OPERATIONAL COSTS, PUBLIC EDUCATION, AND THE DIRECT FUNDING OF CHARITIES THROUGH REDEEMED GIFT CARDS.
REDEFINE GIFTING CAMPAIGN - HOLIDAY SEASON INITIATIVE: THE REDEFINE GIFTING CAMPAIGN'S HOLIDAY SEASON INITIATIVE IS A LANDMARK PROGRAM AIMED AT TRANSFORMING THE TRADITIONAL GIFT-GIVING CULTURE INTO A FORCE FOR GOOD. THANKS TO THE GENEROUS CONTRIBUTIONS FROM NOTABLE PHILANTHROPISTS AND CELEBRITIES, INCLUDING RAY DALIO, ASHTON KUTCHER, MILA KUNIS, PAUL TUDOR JONES, JAY SHETTY, ARIANNA HUFFINGTON, SLOANE STEPHENS, AND JOZY ALTIDORE, THE INITIATIVE SOUGHT TO PROMOTE PHILANTHROPY AND SUPPORT FOR NONPROFIT ORGANIZATIONS THROUGH THE DISTRIBUTION OF CHARITY GIFT CARDS. THE $1,000,000 RAISED FOR THIS INITIATIVE WAS STRATEGICALLY UTILIZED TO FUND THE CREATION AND DISTRIBUTION OF THE 20,000 CHARITY GIFT CARDS. THIS INVESTMENT REFLECTS A DIRECT APPLICATION OF PHILANTHROPIC FUNDS TOWARDS ENGAGING THE PUBLIC IN CHARITABLE GIVING, WITH 100% OF THE FUNDS ALLOCATED TO THE CHARITY GIFT CARDS. THE INITIATIVE DEMONSTRATES A COMMITMENT TO MAXIMIZING THE IMPACT OF EACH DONATION, ENSURING THAT THE ENTIRETY OF THE FUNDS CONTRIBUTED BY OUR ESTEEMED DONORS DIRECTLY SUPPORTED THE CHARITABLE CAUSES CHOSEN BY THE GIFT CARD RECIPIENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Gold Director | Trustee | 0.1 | $0 |
Kendall Webb Director | Trustee | 0.1 | $0 |
Jim Phillips Chair | OfficerTrustee | 0.1 | $0 |
Peter Lindburg Director | Trustee | 0.1 | $0 |
Simeon Cathey Managing Director | OfficerTrustee | 40 | $195,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $9,616,167 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,616,167 |
Total Program Service Revenue | $35,000 |
Investment income | $9,946 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,661,113 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $8,038,761 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $38,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $195,000 |
Compensation of current officers, directors, key employees. | $39,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $465,229 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $35,284 |
Payroll taxes | $45,727 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,102 |
Fees for services: Accounting | $136,287 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $164,436 |
Advertising and promotion | $536,016 |
Office expenses | $47,668 |
Information technology | $276,262 |
Royalties | $0 |
Occupancy | $38,660 |
Travel | $13,534 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,382 |
Interest | $4,037 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $13,144 |
All other expenses | $87 |
Total functional expenses | $10,160,183 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $221,664 |
Savings and temporary cash investments | $751,466 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,003 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $125,798 |
Prepaid expenses and deferred charges | $53,841 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,155,772 |
Accounts payable and accrued expenses | $121,670 |
Grants payable | $456,261 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $148,253 |
Other liabilities | $0 |
Total liabilities | $726,184 |
Net assets without donor restrictions | $256,832 |
Net assets with donor restrictions | $172,756 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,155,772 |
Over the last fiscal year, Tisbest Philanthropy has awarded $5,846,719 in support to 222 organizations.
Grant Recipient | Amount |
---|---|
THE CLEAR FUND PURPOSE: SEE TISBEST MISSION | $62,375 |
PLANNED PARENTHOOD FEDERATION OF AMERICA PURPOSE: SEE TISBEST MISSION | $62,061 |
AMERICAN RED CROSS PURPOSE: SEE TISBEST MISSION | $59,045 |
CAPITAL PREP CHARTER SCHOOLS NY PURPOSE: SEE TISBEST MISSION | $52,000 |
SHAWN CARTER FOUNDATION PURPOSE: SEE TISBEST MISSION | $50,078 |
SCHOLARSHIP FOUNDATION OF ST LOUIS PURPOSE: SEE TISBEST MISSION | $50,050 |