Paypal Charitable Giving Fund
- Assets
- $70.1m
- Revenue
- $350.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 45-0931286
Organization Overview
Paypal Charitable Giving Fund is located in Washington, DC. The organization was established in 2011. 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 12/2022, Paypal Charitable Giving Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paypal Charitable Giving Fund 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 12/2022, Paypal Charitable Giving Fund generated $350.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.1% each year . All expenses for the organization totaled $348.8m during the year ending 12/2022. While expenses have increased by 35.0% 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 2016, Paypal Charitable Giving Fund has awarded 34,434 individual grants totaling $1,110,907,351. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP INNOVATIVE PROGRAMS THAT INTRODUCE CHARITABLE GIVING IN RELEVANT AND ENGAGING WAYS TO NEW AUDIENCES, BENEFITTING THE CHARITY SECTOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAYPAL CHARITABLE GIVING FUND - OUR PROGRAM AIMS TO INSPIRE A NEW WAVE OF PHILANTHROPY, HARNESSING THE POWER OF TECHNOLOGY TO MAKE GIVING A PART OF EVERYDAY LIFE. WE PURSUE THIS VISION BY DEVELOPING INNOVATIVE PROGRAMS THAT INTRODUCE CHARITABLE GIVING IN RELEVANT AND ENGAGING WAYS TO NEW AUDIENCES, BENEFITTING THE CHARITY SECTOR. THROUGH OUR PARTNERSHIPS, WE MAKE IT EASY FOR DONORS TO SUPPORT THE CHARITIES THEY CARE ABOUT ON THE WEBSITES AND APPS THEY USE EVERY DAY. IN DOING SO, WE ENABLE CHARITIES TO FORGE RELATIONSHIPS WITH NEW SUPPORTERS, AND TO BENEFIT FROM NEW SOURCES OF FUNDS TO APPLY IN PURSUIT OF THEIR MISSIONS. WE PROVIDE DONATION AND DONOR REPORTS, ISSUE TAX RECEIPTS, DISTRIBUTE GRANTS, AND HANDLE REGISTRATION REQUIREMENTS - ALL WITHOUT CHARGING INDIVIDUAL DONORS OR CHARITIES FOR OUR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nuru Kiyemba CFO | Officer | 45 | $80,137 |
Joshua Tripp President And COO | Officer | 15 | $0 |
Nick Aldridge CEO | Officer | 25 | $0 |
Oktay Dogramaci Board Chair | OfficerTrustee | 1 | $0 |
Aaron Anderson Treasurer Thru Oct. 2022 | OfficerTrustee | 1 | $0 |
Jeff Karbowski Treasurer As Of Oct. 2022 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $29,502,751 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $318,340,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,843,081 |
| Total Program Service Revenue | $2,157,176 |
| Investment income | $0 |
| 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 | $350,000,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $341,635,684 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,855,513 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $91,493 |
| Compensation of current officers, directors, key employees. | $36,597 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,423 |
| Pension plan accruals and contributions | $6,527 |
| Other employee benefits | $156,874 |
| Payroll taxes | $28,861 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,988 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,304 |
| Advertising and promotion | $10,000 |
| Office expenses | $0 |
| Information technology | $226,104 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $348,830,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,986,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,718 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $122,562 |
| 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 | $70,141,790 |
| Accounts payable and accrued expenses | $67,270 |
| Grants payable | $63,367,175 |
| Deferred revenue | $4,402,313 |
| 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 | $0 |
| Other liabilities | $36,846 |
| Total liabilities | $67,873,604 |
| Net assets without donor restrictions | $2,268,186 |
| Net assets with donor restrictions | $0 |
| 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 | $70,141,790 |
Grants Awarded
Over the last fiscal year, Paypal Charitable Giving Fund has awarded $282,692,861 in support to 7,274 organizations.
| Grant Recipient | Amount |
|---|---|
1 LIFE FULLY LIVED PURPOSE: GENERAL SUPPORT | $42,785 |
1 FOR THE PLANET PURPOSE: GENERAL SUPPORT | $20,502 |
100 WOMEN WHO GIVE A HOOT PURPOSE: GENERAL SUPPORT | $60,177 |
1000 GM LLC PURPOSE: GENERAL SUPPORT | $8,202 |
1208 FOUNDATION PURPOSE: GENERAL SUPPORT | $26,185 |
18 CORP - CHABAD AT SHORT HILLS PURPOSE: GENERAL SUPPORT | $42,419 |