American Gift Fund
- Assets
- $439.9m
- Revenue
- $191.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/1998
- Data as of
- 12/2021
- EIN
- 51-6506426
Organization Overview
American Gift Fund is located in Wilmington, DE. The organization was established in 1998. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. American Gift 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 12/2021, American Gift Fund generated $191.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.7% each year . All expenses for the organization totaled $63.9m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 6 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 2020, American Gift Fund has awarded 2,150 individual grants totaling $91,116,898. 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 INSPIRE GENEROSITY ACROSS AMERICA AND PROVIDE MEANINGFUL CHARITABLE SERVICES FOR DONORS TO GIVE EFFICIENTLY, PURPOSEFULLY AND WITH IMPACT, WHILE SUPPORTING OUR COMMUNITIES IN PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING GRANTS TO ELIGIBLE CHARITIES BASED ON DONOR RECOMMENDATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Dorsey Chairman | Trustee | 4 | $60,000 |
Lyman Amsden Director | Trustee | 1 | $30,000 |
H Lee Cheney Director | Trustee | 1 | $30,000 |
Ranee Truman-Fisher Secretary (from 4/27/21) | Officer | 40 | $0 |
Jeff Salvo Secretary (ending 4/27/21) | Officer | 40 | $0 |
Sandra Kananen Assistant Secretary | Officer | 40 | $0 |
Financial Statements
| 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 | $162,139,202 |
| Noncash contributions included in lines 1a–1f | $88,592,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,139,202 |
| Total Program Service Revenue | $0 |
| Investment income | $6,211,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,087,041 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,491,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,242,553 |
| 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. | $2,255,750 |
| Compensation of current officers, directors, key employees. | $1,982,746 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,206,159 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,851,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $386,450 |
| Savings and temporary cash investments | $5,749,561 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $433,613,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $199,698 |
| Total assets | $439,949,657 |
| Accounts payable and accrued expenses | $531,973 |
| Grants payable | $24,000 |
| Deferred revenue | $222,250 |
| 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 | $0 |
| Total liabilities | $778,223 |
| Net assets without donor restrictions | $439,171,434 |
| 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 | $439,949,657 |
Grants Awarded
Over the last fiscal year, American Gift Fund has awarded $54,857,176 in support to 1,119 organizations.
| Grant Recipient | Amount |
|---|---|
Kansas City, MO PURPOSE: OPERATIONS | $7,500,000 |
San Francisco, CA PURPOSE: OPERATIONS | $4,619,379 |
New York, NY PURPOSE: OPERATIONS | $2,400,000 |
Baltimore, MD PURPOSE: OPERATIONS | $1,155,750 |
Davenport, IA PURPOSE: OPERATIONS | $1,029,000 |
Salt Lake City, UT PURPOSE: OPERATIONS | $715,215 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that American Gift Fund has recieved totaling $8,147,135.
| Awarding Organization | Amount |
|---|---|
A W Baldwin Charitable Foundation Inc Leawood, KS PURPOSE: CHARITABLE | $7,500,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $325,333 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $124,263 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $87,539 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $60,000 |
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
American Gift Fund Wilmington, DE | $439,949,657 | $191,491,973 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |
Jewish Federation Of Greater Metrowest Nj Whippany, NJ | $148,757,737 | $46,864,442 |