American Gift Fund
- Assets
- $434.2m
- Revenue
- $117.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/1998
- Data as of
- 12/2022
- 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 12/2022, American Gift Fund generated $117.6m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $69.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, American Gift Fund has awarded 3,511 individual grants totaling $156,394,761. 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
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 |
Name Not Listed Trustee | 40 | $0 | |
Ranee Truman-Fisher Secretary | 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 | $114,969,502 |
| Noncash contributions included in lines 1a–1f | $46,280,053 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,969,502 |
| Total Program Service Revenue | $0 |
| Investment income | $8,686,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,116,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,606,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $61,340,601 |
| 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. | $2,780,907 |
| Compensation of current officers, directors, key employees. | $2,514,985 |
| 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 | $2,802,639 |
| 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 | $69,873,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$10,751 |
| Savings and temporary cash investments | $8,928,595 |
| 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 | $424,772,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $480,397 |
| Total assets | $434,171,024 |
| Accounts payable and accrued expenses | $694,834 |
| Grants payable | $2,089,832 |
| Deferred revenue | $186,654 |
| 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 | $2,971,320 |
| Net assets without donor restrictions | $431,199,704 |
| 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 | $434,171,024 |
Grants Awarded
Over the last fiscal year, American Gift Fund has awarded $65,277,863 in support to 1,361 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH YARMOUTH ACADEMY PURPOSE: OPERATIONS | $7,500 |
PRESIDENT AND TRUSTEES OF COLBY COLLEGE PURPOSE: OPERATIONS | $35,600 |
PREBLE STREET PURPOSE: OPERATIONS | $20,000 |
ST STEPHENS HUMAN SERVICES PURPOSE: OPERATIONS | $31,000 |
CAMBRIDGE HEALTH ALLIANCE FOUNDATION INC PURPOSE: OPERATIONS | $10,000 |
BIGELOW LABORATORY FOR OCEAN SCIENCES PURPOSE: OPERATIONS | $510,500 |