Givinga Foundation Inc is located in Wellesley, MA. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Givinga Foundation Inc 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 12/2021, Givinga Foundation Inc generated $15.8m in total revenue. All expenses for the organization totaled $16.2m during the year ending 12/2021.
Since 2019, Givinga Foundation Inc has awarded 590 individual grants totaling $13,483,281. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO WORLD CLASS GIVING ACCOUNTS AND PROMOTES ACTIVE AND CONSISTENT GIVING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPYACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: I. WE ARE AN INDEPENDENT501(C)3 PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF OURDONATIONS FROM THE PUBLIC AND THAT SUPPORT COMES FROM A BROAD ANDDIVERSE NUMBER OF INDIVIDUALS, FAMILIES AND COMPANIES. WE ARE NOT AN"AFFILIATED NON-PROFIT ENTITY" OF A LARGE FINANCIAL INSTITUTION. WEDON'T SUPPORT A SPECIFIC COMMUNITY, GEOGRAPHY OR RELIGIOUSORGANIZATION. INSTEAD, THE GIVINGA FOUNDATION IS A SPONSORINGORGANIZATION BUILT AND DESIGNED TO SUPPORT THE CHARITABLE GIVINGACTIVITIES OF ALL ITS INDIVIDUAL ACCOUNT HOLDERS EQUALLY. II. WEBELIEVE DONOR ADVISED FUNDS SHOULD BE ACCESSIBLE TO ALL AND WE HAVEBUILT A PLATFORM THAT REMOVES HIGH MINIMUMS REQUIRED TO OEPN AN ACCOUNT, HIGH MINIMUM GRANT REQUIREMENTS AND ASSET UNDER MANAGEMENTFEES THAT PROMOTE ACCUMULATION VERSUS GIVING ACTIVITIES TO GIVE SMALLAND MID-SIZED PHILANTHROPISTS A PLATFORM TO ORGANIZE THEIR GIVINGSTRATEGIES. WE BELIEVE THAT THE DAF IS ONE OF THE MOST EFFICIENT ANDEFFECTIVE GIVING VEHICLES IN THE MARKET TODAY AND HAVE CREATED APLATFORM THAT IS ACCESSIBLE TO DONORS OF ANY SIZE. WHAT THIS MEANS ISTHAT ANYONE CAN CREATE AN ACCOUNT WITH THE GIVINGA FOUNDATION AND HAVEACCESS TO ALL OF THE TOOLS NECESSARY TO MAXIMIZE THEIR IMPACT III. WEFACILITATE AMPLIFIED GIVING. TECHNOLOGY HAS IMPROVED MANY ASPECTS OFOUR DAILY LIVES AND WE BELIEVE THAT IT CAN DO THE SAME FOR GIVING. OURPARTNERSHIP WITH GIVINGA, INC. ALLOWS THE FOUNDATION TO PROVIDE OURACCOUNT HOLDERS WITH UNPRECEDENTED ACCESS TO POOLS OF GIVING CAPITAL ASWELL AS THE ABILITY TO CONNECT WITH OTHER PHILANTHROPISTS THAT SHARETHEIR PASSION. OUR CAMPAIGN PLATFORM ALLOWS ANYONE WITH AN ACCOUNT TOCREATE A CAUSE-SPECIFIC CAMPAIGNS AND SHARE WITH THEIR FRIENDS, FAMILYAND SOCIAL NETWORKS. ACCOUNT HOLDERS CREATE AND GIVINGA, INC. PROVIDESREPORTING, ADMINISTRATION AND TAX RECEIPTING. IN ADDITION, OURACCOUNT HOLDERS HAVE ACCESS TO MULTIPLE POOLS OF ADDITIONAL CAPITAL (WECALL THESE POOLS AMPLIFIERS) TO INCREASE THE TOTAL IMPACT OF THE GRANT.IV. WE FOLLOW AN "ASSETS IN MOTION" PHILOSOPHY THE GIVINGA FOUNDATIONHAS CREATED A REVOLUTIONARY SPONSORING ORGANIZATION THAT ALIGNS ALLPARTIES AROUND GRANTING VERSUS ACCUMULATING ASSETS. DONOR ADVISED FUNDSPROVIDE UNPRECEDENTED FLEXIBILITY TO ACCOUNT HOLDERS AND ARE NOTSUBJECT TO EXCISE TAXES, PAYOUT RULES OR DISCLOSURE REQUIREMENTS. THEGF PLATFORM HAS BEEN DEVELOPED TO MAXIMIZE ACCOUNT HOLDER IMPACT AND IS STRUCTURED AND PRICED AROUND ACTIVE GRANT MAKING. IN PARTNERSHIP WITHOUR ADMINISTRATIVE PROVIDER GIVINGA,INC. WE HAVE CREATED THE FIRST ZEROFEE STRUCTURE IN THE UNITED STATES. WE CHARGE NO START-UP FEE, NO FEESBASED ON ASSETS UNDER MANAGEMENT AND NO FEES ON ACCOUNT HOLDER ASSETSGRANTED DIRECTLY TO CHARITY. IN ADDITION, WE ADHERE TO A "BREAKEVEN"MODEL OF ADMINISTRATION, DIRECTING ALL ANNUAL EXCESS REVENUES BACK INDIRECT SUPPORT OF OUR ACCOUNT HOLDERS.
THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: 1. WE ARE AN INDEPENDENT 501(3) PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF OUR DONATIONS FROM THE PUBLIC AND THAT SUPPORT COMES FROM A BROAD AND DIVERSE NUMBER OF INDIVIDUALS, FAMILIES AND COMPANIES. WE ARE NOT AN "AFFILIATED NON-PROFIT ENTITY" OF A LARGER FINANCIAL INSTITUTION. WE DON'T SUPPORT A SPECIFIC COMMUNITY, GEOGRAPHY OR RELIGIOUS ORGANIZATION. INSTEAD, THE GIVINGA FOUNDATION IS A SPONSORING ORGANIZATION BUILT AND DESIGNED TO SUPPORT THE CHARITABLE GIVING ACTIVITIES OF ALL ITS INDIVIDUAL ACCOUNT HOLDERS EQUALLY. II. WE BELIEVE DONOR ADVISED FUNDS SHOULD BE ACCESSIBLE TO ALL AND WE HAVE BUILD A PLATFORM THAT REMOVES HIGH MINIMUMS REQUIRED TO OPEN AN ACCOUNT, HIGH MINIMUM GRANT REQUIREMENTS AND ASSET UNDER MANAGEMENT FEES THAT PROMOTE ACCUMULATION VERSUS GIVING ACTIVITIES TO GIVE SMALL AND MID-SIZED PHILANTHROPISTS A PLATFORM TO ORGANIZE THEIR GIVING STRATEGIES. WE BELIEVE THAT THE DAF IS ONE OF THE MOST EFFICIENT AND EFFECTIVE GIVING VEHICLES IN THE MARKET TODAY AND HAVE CREATED A PLATFORM THAT IS ACCESSIBLE TO DONORS OF ANY SIZE. WHAT THIS MEANS IS THAT ANYONE CAN CREATE AN ACCOUNT WITH THE GIVINGA FOUNDATION AND HAVE ACCESS TO ALL OF THE TOOLS NECESSARY TO MAXIMIZE THEIR IMPACT III. WEFACILITATE AMPLIFIED GIVING. TECHNOLOGY HAS IMPROVED MANY ASPECTS OF OUR DAILY LIVES AND WE BELIEVE THAT IT CAN DO THE SAME FOR GIVING. OUR PARTNERSHIP WITH GIVINGA, INC. ALLOWS THE FOUNDATION TO PROVIDE OURACCOUNT HOLDERS WITH UNPRECEDENTED ACCESS TO POOLS OF GIVING CAPITAL AS WELL AS THE ABILITY TO CONNECT WITH OTHER PHILANTHROPISTS THAT SHARE THEIR PASSION. OUR CAMPAIGN PLATFORM ALLOWS ANYONE WITH AN ACCOUNT TO CREATE A CAUSE-SPECIFIC CAMPAIGNS AND SHARE WITH THEIR FRIENDS, FAMILYAND SOCIAL NETWORKS. ACCOUNT HOLDERS CREATE AND GIVING, INC. PROVIDES REPORTING, AND=MINISTRATION AND TAX RECEIPTING. IN ADDITION, OUR ACCOUNT HOLDERS HAVE ACCESS TO MULTIPLE POOLS OF ADDITIONAL CAPITAL (WE CALL THESE POOLS AMPLIFIERS) TO INCREASE THE TOTAL IMPACT OF THE GRANT.IV. WE FOLLOW AN "ASSETS IN MOTION" PHILOSOPHY THE GIVINGA FOUNDATION HAS CREATED A REVOLUTIONARY SPONSORING ORGANIZATION THAT ALIGNS ALL PARTIES AROUND GRANTING VERSUS ACCUMULATING ASSETS. DONOR ADVISED FUNDS PROVIDE UNPRECEDENTED FLEXIBILITY TO ACCOUNT HOLDERS AND ARE NOTSUBJECT TO EXCISE TAXES, PAYOUT RULES OR DISCLOSURE REQUIREMENTS. THE GF PLATFORM HAS BEEN DEVELOPED TO MAXIMIZE ACCOUNT HOLDER IMPACT AND IS STRUCTURED AND PRICED AROUND ACTIVE GRANT MAKING. IN PARTNERSHIP WITH OUR ADMINISTRATIVE PROVIDER GIVINGA, INC. WE HAVE CREATED THE FIRST ZERO FEE STRUCTURE IN THE UNITED STATES. WE CHARGE NO START-UP FEE, NO FEES BASED ON ASSETS UNDER MANAGEMENT AND NO FEES ON ACCOUNT HOLDER ASSETS GRANTED DIRECTLY TO CHARITY. IN ADDITION, WE ADHERE TO A "BREAKEVEN" MODEL OF ADMINISTRATION, DIRECTING ALL ANNUAL EXCESS REVENUES BACK IN DIRECT SUPPORT OF OUR ACCOUNT HOLDERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scot Billington Treasurer/director | OfficerTrustee | 1 | $0 |
Joseph Phoenix President/director | OfficerTrustee | 1 | $0 |
Willis C O'brien Secretary/director | OfficerTrustee | 1 | $0 |
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 | $15,846,697 |
Noncash contributions included in lines 1a–1f | $66,287 |
Total Revenue from Contributions, Gifts, Grants & Similar | $15,846,697 |
Total Program Service Revenue | $2,669 |
Investment income | $58 |
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 | $15,849,424 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,358,734 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,201 |
Fees for services: Accounting | $16,806 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $5,536,832 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $75,782 |
Advertising and promotion | $12 |
Office expenses | $9,035 |
Information technology | $28,397 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $557 |
All other expenses | $0 |
Total functional expenses | $16,186,699 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,296,256 |
Savings and temporary cash investments | $226,760 |
Pledges and grants receivable | $253,774 |
Accounts receivable, net | $353,348 |
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 | $0 |
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 | $2,876,364 |
Accounts payable and accrued expenses | $1,605,658 |
Grants payable | $0 |
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 | $0 |
Other liabilities | $5,074 |
Total liabilities | $1,610,732 |
Net assets without donor restrictions | $1,265,632 |
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 | $2,876,364 |
Over the last fiscal year, Givinga Foundation Inc has awarded $9,958,230 in support to 430 organizations.
Grant Recipient | Amount |
---|---|
GAMES FOR LOVE PURPOSE: PROGRAM SUPPORT | $1,071,836 |
GAMES FOR LOVE PURPOSE: PROGRAM SUPPORT | $1,071,836 |
CARE PURPOSE: PROGRAM SUPPORT | $519,242 |
CARE PURPOSE: PROGRAM SUPPORT | $519,242 |
Kennesaw, GA PURPOSE: PROGRAM SUPPORT | $240,461 |
Kennesaw, GA PURPOSE: PROGRAM SUPPORT | $240,461 |
Over the last fiscal year, we have identified 1 grants that Givinga Foundation Inc has recieved totaling $50.
Awarding Organization | Amount |
---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $50 |
Organization Name | Assets | Revenue |
---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |