Fund For Charitable Giving
- Assets
- $174.2m
- Revenue
- $114.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 04-3296043
Organization Overview
Fund For Charitable Giving is located in Pittsburgh, PA. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Fund For Charitable Giving 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, Fund For Charitable Giving generated $114.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 62.8% each year . All expenses for the organization totaled $17.1m during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR CHARITABLE GIVING (THE FUND) IS A TAX-EXEMPT PUBLIC CHARITY THAT HAS BEEN ORGANIZED TO SUPPORT CHARITABLE ORGANIZATIONS NATIONWIDE. DONORS CAN CONTRIBUTE TO IT AT ANY TIME AND MAY QUALIFY FOR A TAX DEDUCTION THAT YEAR. DONORS CAN ALSO RECOMMEND GRANTS OR DISTRIBUTIONS FROM THE FUND TO CHARITABLE ORGANIZATIONS AT SOME FUTURE TIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND FOR CHARITABLE GIVING (THE FUND) IS A TAX-EXEMPT PUBLIC CHARITY THAT HAS BEEN ORGANIZED TO SUPPORT CHARITABLE ORGANIZATIONS NATIONWIDE. DONORS CAN CONTRIBUTE TO IT AT ANY TIME AND MAY QUALIFY FOR A TAX DEDUCTION THAT YEAR. DONORS CAN ALSO RECOMMEND GRANTS OR DISTRIBUTIONS FROM THE FUND TO CHARITABLE ORGANIZATIONS AT SOME FUTURE TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pnc Bank Trustee | 45 | $621,038 | |
Heather Rennie Board Member | OfficerTrustee | 1 | $1,000 |
David Gaertner Boad Member | OfficerTrustee | 1 | $1,000 |
Donald Caroll Board Member | OfficerTrustee | 1 | $1,000 |
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 | $108,875,650 |
| Noncash contributions included in lines 1a–1f | $25,311,522 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,875,650 |
| Total Program Service Revenue | $0 |
| Investment income | $1,930,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,536,330 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $114,342,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,428,270 |
| 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. | $624,038 |
| Compensation of current officers, directors, key employees. | $624,038 |
| 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 | $8,559 |
| Fees for services: Accounting | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $4,890 |
| Total functional expenses | $17,073,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,602 |
| 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 | $174,126,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $174,176,180 |
| Accounts payable and accrued expenses | $7,500 |
| 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 | $7,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $174,161,180 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,500 |
| Total liabilities and net assets/fund balances | $174,176,180 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Fund For Charitable Giving has recieved totaling $164,256.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $139,605 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: PHILANTHROPY, VOLUNTARISM, AND GRANTMAKING | $18,151 |
The Thunderbirds Phoenix, AZ PURPOSE: GROWTH OF GAME | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Margaret And Robert Walter Foundation Columbus, OH | $119,634,869 | $20,893,833 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Charitable Pharmacy Of Central Ohio Columbus, OH | $4,066,781 | $13,066,074 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Legacy Ministries International Miamisburg, OH | $19,772,122 | $9,496,870 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |