Independent Charitable Gift Fund
- Assets
- $203.5m
- Revenue
- $150.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Hudson, OH
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 81-2576201
Organization Overview
Independent Charitable Gift Fund, operating under the name Igiftfund, is located in Hudson, OH. The organization was established in 2016. 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 12/2021, Igiftfund employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Igiftfund 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, Igiftfund generated $150.4m in total revenue. All expenses for the organization totaled $21.1m during the year ending 12/2021. While expenses have increased by 126.6% per year over the past 5 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 2018, Igiftfund has awarded 534 individual grants totaling $25,251,127. 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
INSPIRING AMERICANS TO CREATE THEIR LEGACY THROUGH DONOR-ADVISED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IGIFTFUND MAKES GRANTS TO U.S. CHARITABLE TAX-EXEMPT ORGANIZATIONS TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheilah Villanueva Evp/coo | Officer | 40 | $89,288 |
William A Payne Chief Executive Officer | Officer | 40 | $79,200 |
Cindy Shedloski Director Of Finance | Officer | 20 | $24,752 |
Philip T Tobin Chairman/president | OfficerTrustee | 40 | $0 |
Christopher Dudley Secretary | OfficerTrustee | 0.2 | $0 |
Gary Hanz Treasurer | OfficerTrustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $39,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $148,946,026 |
| Noncash contributions included in lines 1a–1f | $133,044,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,985,585 |
| Total Program Service Revenue | $0 |
| Investment income | $1,384,428 |
| 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 | $150,370,213 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,197,192 |
| 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. | $222,373 |
| Compensation of current officers, directors, key employees. | $74,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,218 |
| Pension plan accruals and contributions | $5,718 |
| Other employee benefits | $0 |
| Payroll taxes | $15,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $15,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $498,404 |
| Fees for services: Other | $1,383 |
| Advertising and promotion | $61,124 |
| Office expenses | $12,925 |
| Information technology | $62,460 |
| Royalties | $0 |
| Occupancy | $21,000 |
| Travel | $297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,442 |
| All other expenses | $0 |
| Total functional expenses | $21,136,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,640 |
| Savings and temporary cash investments | $4,490,814 |
| Pledges and grants receivable | $212,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $654,331 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,715 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $198,075,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750 |
| Total assets | $203,452,465 |
| Accounts payable and accrued expenses | $7,128 |
| Grants payable | $5,000 |
| 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 | $27,329 |
| Other liabilities | $0 |
| Total liabilities | $39,457 |
| Net assets without donor restrictions | $203,413,008 |
| 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 | $203,452,465 |
Grants Awarded
Over the last fiscal year, Independent Charitable Gift Fund has awarded $18,650,584 in support to 343 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: GENERAL SUPPORT | $1,598,512 |
Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $1,153,457 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $1,006,381 |
Moorhead, MN PURPOSE: GENERAL SUPPORT | $566,230 |
Gallatin, TN PURPOSE: GENERAL SUPPORT | $500,000 |
MISSION TO THE BELOVED PURPOSE: GENERAL SUPPORT | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Independent Charitable Gift Fund has recieved totaling $67,772,923.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $64,273,415 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $1,332,480 |
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $737,988 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $565,774 |
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $471,146 |
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION FOR LEASE | $265,669 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson Charitable Gift Fund Cincinnati, OH | $240,192,248 | $106,272,377 |
Young Mens Christian Association Of Greater Cincinnati Cincinnati, OH | $89,901,831 | $29,563,808 |
Independent Charitable Gift Fund Hudson, OH | $203,452,465 | $150,370,213 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Communtiy Foundation Of The Holland Zeeland Area Holland, MI | $102,848,837 | $16,439,772 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |