THE INDEPENDENT CHARITABLE GIFT FU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

WILLIAM A PAYNE

Phone

3304002768

Tax Period

2024-01-01 to 2024-12-31

THE INDEPENDENT CHARITABLE GIFT FUND, founded in 2016, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $198.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127.6M, a strong 64% operating margin.

Mission

INSPIRING AND ENABLING AMERICANS AND THEIR TRUSTED ADVISORS TO CREATE, PRESERVE AND PASS ON THEIR PHILANTHROPIC LEGACY THROUGH DONOR ADVISED FUND SOLUTIONS WHERE THE IMPACT IS TRULY REMARKABLE AND THE EXPERIENCE IS FUN, RESULTING IN ADDITIONAL CHARITABLE GIVING.

Program Service Accomplishments

Program 1

Expenses: $67,469,419

IGIFTFUND MAKES GRANTS TO U.S. CHARITABLE TAX-EXEMPT ORGANIZATIONS TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATIONS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $181,347,394

Program Service Revenue $0

Investment Income $16,934,869

Other Revenue $23,105

TOTAL REVENUE $198,305,368

Expense Breakdown

Grants Paid $67,229,866

Salaries & Benefits $835,307

Fundraising Expenses $349,496

Program Expenses $67,469,419

Other Expenses $2,678,694

TOTAL EXPENSES $70,743,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,305,368	$157,167,974	+0.3%
Expenses	$70,743,867	$53,665,266	+0.3%
Net Income	$127,561,501	$103,502,708	+0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$522,806

Total Directors

$4,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP T TOBIN	CHAIRMAN/TREASURER(11/24 & FORWARD)	40.00	Officer Director	$0	$4,946	$4,946
CHRISTOPHER DUDLEY	SECRETARY	0.20	Officer Director	$0	$0	$0
TOBY BLOSSOM	DIRECTOR	0.20	Director	$0	$0	$0
JANE HOWINGTON	DIRECTOR	0.20	Director	$0	$0	$0
MATTHEW F KADISH	DIRECTOR	0.20	Director	$0	$0	$0
PAT MYERS	DIRECTOR	0.20	Director	$0	$0	$0
DAVE PRATT	DIRECTOR	0.20	Director	$0	$0	$0
PATRICK SCHERER	DIRECTOR	0.20	Director	$0	$0	$0
LAWRENCE SPIETH	DIRECTOR(THROUGH 11/24)	0.20	Director	$0	$0	$0
GARY HANZ	TREASURER(THROUGH 11/24)	0.20	Officer Director	$0	$0	$0
WILLIAM A PAYNE	PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$168,432	$30,953	$199,385
SHEILAH VILLANUEVA	EVP/COO	40.00	Officer	$151,907	$12,260	$164,167
CINDY SHEDLOSKI	CONTROLLER	20.00	Officer	$89,909	$12,210	$102,119
SUSAN FIGLER	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$49,915	$2,274	$52,189

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	$198,305,368	$70,743,867	$575,440,270	$127,561,501
2023	$157,167,974	$53,665,266	$418,174,157	$103,502,708
2022	$138,892,808	$33,321,037	$282,957,094	$105,571,771
2021	$150,370,213	$21,136,870	$203,452,465	$129,233,343
2020	$37,782,060	$6,100,964	$68,486,462	$31,681,096
2019	$29,453,315	$2,807,815	$33,831,270	$26,645,500
2018	$6,343,865	$538,114	$5,802,069	$5,805,751

THE INDEPENDENT CHARITABLE GIFT FUND