GIVINGA FOUNDATION INC

EIN: 474172718 501(c)(3) Philanthropy & Grantmaking

WELLESLEY, MA

Total Revenue
$13,144,583
Total Expenses
$12,679,753
Total Assets
$2,917,533
Net Assets
$958,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JOSEPH PHOENIX
Phone
3392009064
Tax Period
2024-01-01 to 2024-12-31

GIVINGA FOUNDATION INC, founded in 2015, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $13.1M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $12.7M left a modest 4% surplus.

Mission

OUR MISSION IS TO EMPOWER DONORS OF ALL SIZES THROUGH A TRANSPARENT AND ACCOUNTABLE PUBLIC CHARITY PLATFORM THAT PROVIDES ACCESS TO WORLD CLASS GIVING ACCOUNTS AND PROMOTES ACTIVE AND CONSISTENT GIVING.

Program Service Accomplishments

Program 1
Expenses: $12,298,839

THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: 1. WE ARE AN INDEPENDENT 501(3) PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF...

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THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: 1. WE ARE AN INDEPENDENT 501(3) PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF OUR DONATIONS FROM THE PUBLIC AND THAT SUPPORT COMES FROM A BROAD AND DIVERSE NUMBER OF INDIVIDUALS, FAMILIES AND COMPANIES. WE ARE NOT AN "AFFILIATED NON-PROFIT ENTITY" OF A LARGER FINANCIAL INSTITUTION. WE DON'T SUPPORT A SPECIFIC COMMUNITY, GEOGRAPHY OR RELIGIOUS ORGANIZATION. INSTEAD, THE GIVINGA FOUNDATION IS A SPONSORING ORGANIZATION BUILT AND DESIGNED TO SUPPORT THE CHARITABLE GIVING ACTIVITIES OF ALL ITS INDIVIDUAL ACCOUNT HOLDERS EQUALLY. 2. WE BELIEVE DONOR ADVISED FUNDS SHOULD BE ACCESSIBLE TO ALL AND WE HAVE BUILT A PLATFORM THAT REMOVES HIGH MINIMUMS REQUIRED TO OPEN AN ACCOUNT, HIGH MINIMUM GRANT REQUIREMENTS AND ASSET UNDER MANAGEMENT FEES THAT PROMOTE ACCUMULATION VERSUS GIVING ACTIVITIES TO GIVE SMALL AND MID-SIZED PHILANTHROPISTS A PLATFORM TO ORGANIZE THEIR GIVING STRATEGIES. WE BELIEVE THAT THE DAF IS ONE OF THE MOST EFFICIENT AND EFFECTIVE GIVING VEHICLES IN THE MARKET TODAY AND HAVE CREATED A PLATFORM THAT IS ACCESSIBLE TO DONORS OF ANY SIZE. WHAT THIS MEANS IS THAT ANYONE CAN CREATE AN ACCOUNT WITH THE GIVINGA FOUNDATION AND HAVE ACCESS TO ALL OF THE TOOLS NECESSARY TO MAXIMIZE THEIR IMPACT 3. WE FACILITATE AMPLIFIED GIVING. TECHNOLOGY HAS IMPROVED MANY ASPECTS OF OUR DAILY LIVES AND WE BELIEVE THAT IT CAN DO THE SAME FOR GIVING. OUR PARTNERSHIP WITH GIVINGA, INC. ALLOWS THE FOUNDATION TO PROVIDE OUR ACCOUNT HOLDERS WITH UNPRECEDENTED ACCESS TO POOLS OF GIVING CAPITAL AS WELL AS THE ABILITY TO CONNECT WITH OTHER PHILANTHROPISTS THAT SHARE THEIR PASSION. OUR CAMPAIGN PLATFORM ALLOWS ANYONE WITH AN ACCOUNT TO CREATE A CAUSE-SPECIFIC CAMPAIGNS AND SHARE WITH THEIR FRIENDS, FAMILYAND SOCIAL NETWORKS. ACCOUNT HOLDERS CREATE AND GIVING, INC. PROVIDES REPORTING, AND=MINISTRATION AND TAX RECEIPTING. IN ADDITION, OUR ACCOUNT HOLDERS HAVE ACCESS TO MULTIPLE POOLS OF ADDITIONAL CAPITAL (WE CALL THESE POOLS AMPLIFIERS) TO INCREASE THE TOTAL IMPACT OF THE GRANT.4. WE FOLLOW AN "ASSETS IN MOTION" PHILOSOPHY THE GIVINGA FOUNDATION HAS CREATED A REVOLUTIONARY SPONSORING ORGANIZATION THAT ALIGNS ALL PARTIES AROUND GRANTING VERSUS ACCUMULATING ASSETS. DONOR ADVISED FUNDS PROVIDE UNPRECEDENTED FLEXIBILITY TO ACCOUNT HOLDERS AND ARE NOT SUBJECT TO EXCISE TAXES, PAYOUT RULES OR DISCLOSURE REQUIREMENTS. THE GF PLATFORM HAS BEEN DEVELOPED TO MAXIMIZE ACCOUNT HOLDER IMPACT AND IS STRUCTURED AND PRICED AROUND ACTIVE GRANT MAKING. IN PARTNERSHIP WITH OUR ADMINISTRATIVE PROVIDER GIVINGA, INC. WE HAVE CREATED THE FIRST ZERO FEE STRUCTURE IN THE UNITED STATES. WE CHARGE NO START-UP FEE, NO FEES BASED ON ASSETS UNDER MANAGEMENT AND NO FEES ON ACCOUNT HOLDER ASSETS GRANTED DIRECTLY TO CHARITY. IN ADDITION, WE ADHERE TO A "BREAKEVEN" MODEL OF ADMINISTRATION, DIRECTING ALL ANNUAL EXCESS REVENUES BACK IN DIRECT SUPPORT OF OUR ACCOUNT HOLDERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,040,889
Program Service Revenue $0
Investment Income $9,969
Other Revenue $93,725
TOTAL REVENUE $13,144,583

Expense Breakdown

Grants Paid $11,091,205
Salaries & Benefits $0
Fundraising Expenses $6,462
Program Expenses $12,298,839
Other Expenses $1,582,086
TOTAL EXPENSES $12,679,753

Year-over-Year Comparison

2024 2023 Change
Revenue $13,144,583 $18,779,918 -0.3%
Expenses $12,679,753 $20,160,993 -0.4%
Net Income $464,830 $-1,381,075 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$24,000
Total Directors
4
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH PHOENIX PRESIDENT/DIRECTOR/TREASURER 1.00
Officer Director
$0 $0 $0
SCOT BILLINGTON DIRECTOR 1.00
Director
$0 $0 $0
WILLIS O'BRIEN EXECUTIVE DIRECTOR/DIRECTO 20.00
Officer Director
$24,000 $0 $24,000
DR LAURA GERMINE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,144,583 $12,679,753 $2,917,533 $464,830
2024 $13,144,583 $12,679,753 $2,917,533 $464,830
2023 $18,779,918 $20,160,993 $2,336,575 $-1,381,075
2022 $34,461,768 $33,955,596 $5,243,806 $506,172
2022 $34,461,768 $33,965,096 $5,243,806 $496,672
2021 $15,849,424 $16,186,699 $2,876,364 $-337,275
2021 $15,749,424 $15,411,034 $2,890,836 $338,390
2020 $4,573,905 $3,231,803 $1,746,335 $1,342,102
2020 $4,039,243 $3,517,516 $1,364,296 $521,727
2019 $258,190 $138,088 $257,395 $120,102
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