Giveclear Foundation
- Assets
- $25.6m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-3222963
Organization Overview
Giveclear Foundation is located in Charlotte, NC. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Giveclear Foundation 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 12/2023, Giveclear Foundation generated $26.5m in total revenue. All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 59.5% 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 2021, Giveclear Foundation has awarded 140 individual grants totaling $3,430,704. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GIVECLEAR FOUNDATION IS A CHARITABLE GRANTMAKING SPONSOR OF DONOR ADVISED FUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GIVECLEAR FOUNDATION DELIVERS AN INSPIRING CHARITABLE GIVING EXPERIENCE THROUGH INNOVATIVE TECHNOLOGY AND PERSONAL ENGAGEMENT FOR AMERICANS. WE ENVISION A NEW MODEL OF PHILANTHROPY - A SYSTEM AT YOUR FINGERTIPS CONNECTING PASSIONATE PEOPLE TO TRUSTED CHARITIES AT SCALE - EMPOWERING PEOPLE OF ANY MEANS TO GIVE AND SUPPORT POSITIVE CHANGE. DURING 2023 WE DISTRIBUTED OVER $3.6M IN GRANTS THAT POSITIVELY IMPACTED 607 NON PROFIT ORGANIZATIONS ACROSS THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Chair, Treasurer | Officer | 1 | $0 |
Name Not Listed Board Member | 10 | $8,464 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Board Member | 1 | $0 | |
Name Not Listed Executive Director | Officer | 20 | $72,000 |
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 | $26,172,021 |
| Noncash contributions included in lines 1a–1f | $7,224,437 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,172,021 |
| Total Program Service Revenue | $0 |
| Investment income | $300,182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46,132 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,518,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,668,312 |
| 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 | $3,842 |
| Fees for services: Accounting | $82,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,945 |
| Fees for services: Other | $141,632 |
| Advertising and promotion | $0 |
| Office expenses | $449 |
| Information technology | $39,101 |
| 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 | $11,915 |
| All other expenses | $0 |
| Total functional expenses | $4,019,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,208,589 |
| Savings and temporary cash investments | $0 |
| 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 | $1,191 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,436,365 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,646,145 |
| Accounts payable and accrued expenses | $61,497 |
| 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 | $0 |
| Total liabilities | $61,497 |
| Net assets without donor restrictions | $25,584,648 |
| 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 | $25,646,145 |
Grants Awarded
Over the last fiscal year, Giveclear Foundation has awarded $3,044,311 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
12STONE CHURCH INC PURPOSE: Program Support | $40,000 |
5 STONES CHURCH INC PURPOSE: Program Support | $35,000 |
ASBURY COLLEGE PURPOSE: Program Support | $17,380 |
BARNWELL FIRST BAPTIST CHURCH PURPOSE: Program Support | $70,000 |
ATHENS FIRST UNITED METHODIST CHURCH PURPOSE: Program Support | $5,500 |
BELONGING CHURCH INC PURPOSE: Program Support | $10,000 |