The American Foundation For Charitable Support Inc is located in Phoenix, AZ. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, 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 Foundation For Charitable Support 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 12/2020, American Foundation For Charitable Support Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.4%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, American Foundation For Charitable Support Inc has awarded 52 individual grants totaling $1,568,350. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, AND HELP CHARITIES BECOME MORE EFFECTIVE AND SUCCESSFUL.1. WHAT WE MEAN BY PRIVATIZATION OF PHILANTHROPY. PRIVATIZATION OF PHILANTHROPY MEANS CREATING ENDOWMENTS OR FAMILY FOUNDATIONS WHERE THERE IS ONGOING DONOR (OR DONOR FAMILY) INVOLVEMENT AND DIRECTION OVER CHARITABLE GRANT MAKING.2. ACHIEVING OUR MISSION. WE ACHIEVE OUR MISSION BY CREATING INDIVIDUAL, FAMILY, AND CORPORATE FOUNDATIONS, MOSTLY IN THE MORE ADVANTAGEOUS PUBLIC CHARITY SETTING WHERE INDIVIDUALS, FAMILY MEMBERS, AND CORPORATE EXECUTIVES RETAIN THE ONGOING DIRECTION OVER CHARITABLE DISTRIBUTUIONS.3. RESULTS OF OUR MISSION. OUR MISSION AND EFFORTS WILL RESULT IN THE CREATION OF VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY.WE ARE DEVELOPING NEW CHARITABLE PROGRAMS DESIGNED TO HELP CHARITIES IMPROVE THEIR GOVERNANCE STRUCTURE, HUMAN RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING CHARITABLE ORGANIZATIONS IN THE AMOUNT OF $790,728.ALLOCATED COSTS INCURRED IN ADMINISTRATION OF CHARITABLE REMAINDER TRUSTS, PROGRAM PRESENTATION COSTS TO GROUPS, AND OTHERS, AND DISTRIBUTION OF GRANTS AND OTHER COSTS RELATING TO CHARITABLE PROGRAMS.ALLOCATED COSTS INCLUDE ALL COSTS THAT PERTAIN TO SUPPORTING AND EFFECTUATION, EITHER DIRECTLY OR INDIRECTLY, THE CHARITABLE MISSION OF THE AFCS. THIS MISSION IS TO PROMOTE AND FACILITATE THE PRIVATIZATION OF PHILANTHROPY, THEREBY CREATING VAST AMOUNTS OF NEW AND MORE EFFECTIVE PHILANTHROPY. INCLUDED IN THESE COSTS ARE ADMISTRATIVE EXPENSES (WHICH INCLUDE ON-GOING TRUST ADMINISTRATION COSTS OF INDIVIDUAL FAMILY FOUNDATIONS AND CHARITABLE REMAINDER TRUSTS), PRINTING EXPENSES, TRAVEL AND PROMOTIONAL EXPENSES, POSTAGE, SOFTWARE, SUPPLIES, OUT-SOURCING COSTS AND COSTS INCURRED IN ASSISTING OTHER CHARITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Benson S Schaub Director | Trustee | 1 | $1,500 |
Adam Riding Sec Director | OfficerTrustee | 1 | $1,500 |
Robert Miller Director | Trustee | 1 | $1,500 |
A Melvin Mc Donald Director | Trustee | 1 | $1,500 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Foundation Services Co-op Of Utah Llc Marketing | 12/30/21 | $0 |
Foundation Services Of America Llc Reimb Program Costs | 12/30/21 | $0 |
Foundation Services Of America Llc Management Services | 12/30/21 | $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 | $138,735 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $138,735 |
Total Program Service Revenue | $0 |
Investment income | $850,685 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,838 |
Net Gain/Loss on Asset Sales | -$40,624 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,044,496 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,151,604 |
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. | $6,000 |
Compensation of current officers, directors, key employees. | $6,000 |
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 | $122,570 |
Fees for services: Legal | $2,653 |
Fees for services: Accounting | $3,425 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $13,525 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $12,932 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,000 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $241,407 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,797,036 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $533,100 |
Savings and temporary cash investments | $244,133 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $29,158 |
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 | $5,829,985 |
Investments—other securities | $5,806,759 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,284,367 |
Total assets | $17,727,502 |
Accounts payable and accrued expenses | $596,816 |
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 | $693,852 |
Secured mortgages and notes payable | $869,329 |
Unsecured mortgages and notes payable | $841,647 |
Other liabilities | $5,953,039 |
Total liabilities | $8,954,683 |
Net assets without donor restrictions | $4,423,446 |
Net assets with donor restrictions | $4,349,373 |
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 | $17,727,502 |
Over the last fiscal year, The American Foundation For Charitable Support Inc has awarded $599,946 in support to 27 organizations.
Grant Recipient | Amount |
---|---|
CHURCH OF JESUS CHRIST OF LDS PURPOSE: RELIGIOUS | $208,490 |
Tacoma, WA PURPOSE: GENERAL USE | $50,000 |
Tacoma, WA PURPOSE: GENERAL USE | $48,000 |
Salt Lake City, UT PURPOSE: EDUCATION | $27,500 |
Lehi, UT PURPOSE: GENERAL USE | $25,000 |
Wooster, OH PURPOSE: RELIGIOUS | $22,000 |
Organization Name | Assets | Revenue |
---|---|---|
Neubauer Family Charitable Trust Mountain View, CA | $307,054,683 | $23,995,522 |
Donald B Tanklage And Carole F Tanklage Foundation Novato, CA | $0 | $160,782 |
Pih Health Inc Whittier, CA | $139,222,706 | $19,647,393 |
The Polis Schutz Family Foundation San Diego, CA | $0 | $260,315 |
Tikun Olam Foundation Los Angeles, CA | $90,556,232 | $8,190,584 |
Burton Family Foundation Phoenix, AZ | $142,839,047 | $129,470,588 |
The Reddere Foundation CO Silicon Valley Community Foundation C/O Silicon Valley Community Foundation Mountain View, CA | $1,000 | $363,994 |
California State University Foundation Long Beach, CA | $50,863,822 | $7,787,647 |
Friends Of South Central Losangeles Regional Center For Develop Los Angeles, CA | $80,196,128 | $6,156,555 |
The James B Mcclatchy Foundation Sacramento, CA | $57,491,792 | $3,443,288 |
Sparkjoy Foundation Salt Lake City, UT | $86,245,916 | $12,155,838 |
Bernard A Newcomb Foundation Mountain View, CA | $29 | $26,230 |