Donor Advised Charitable Giving INC: FY2020 Nonprofit Profile & Form 990 (EIN 31-1640316)

Revenue by fiscal year
FY2020	$4.9B
FY2021	$7.3B
FY2021	$10.1B
FY2023	$7.7B
FY2024	$9.7B
FY2024	$11.7B

Expenses by fiscal year
FY2020	$3.4B
FY2021	$3.8B
FY2021	$0
FY2023	$5.2B
FY2024	$6.7B
FY2024	$9.0B

Net assets by fiscal year
FY2020	$17.1B
FY2021	$25.5B
FY2021	$70K
FY2023	$31.6B
FY2024	$41.0B
FY2024	$47.4B

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $3.3B Management & general 0% · $4.1M Fundraising 0% · $5.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $3.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Kimberly Laughton

President

$712,143Pt VII · Sec A

Barbara Benware

VP Oversight/Risk

$456,582Pt VII · Sec A

Susan Heldman

VP & Controller

$382,861Pt VII · Sec A

Fred Kaynor

VP Mkt/Bus Development

$368,196Pt VII · Sec A

Sam Kang

VP Operations

$344,165Pt VII · Sec A

Julie Hattle

Managing Director - Risk

$237,691Pt VII · Sec A

Doug Campbell

Managing Director - Strategy

$211,949Pt VII · Sec A

Bryan Gregston

Managing Director - Operations

$198,064Pt VII · Sec A

Samuel W Kang’s $749K as President is at the 81st percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2024	FY2023	FY2021	FY2021	FY2020
Samuel W Kang	$749,375	$696,337	$593,269	$443,663	—	—
Kimberly Laughton	—	—	—	$592,500	$721,987	$712,143
Frederick K Kaynor	$498,329	$475,126	$474,425	$431,583	—	—
Michael Maestas	$470,671	$425,213	$391,845	$322,630	$254,614	—
Barbara Benware	—	—	—	$265,000	—	$456,582
Douglas Campbell	$438,109	$411,135	$365,814	$285,757	—	—
Stephanie Queisert	$418,651	$393,731	$350,610	$277,916	$222,042	$193,075
Susan Heldman	—	—	—	$298,245	$403,916	$382,861

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Donor Advised Charitable Giving INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Administers a donor-advised giving program that provides unbiased guidance and advantageous ways for individuals to maximize their charitable impact.

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Provided by the organization

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1 program · $3.3B · in their own filed words · FY2019

01

See schedule o

$3.3Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

The Marsh Family FoundationFY2025$1.7M

T Rowe Price Program for Charitable Giving INCFY2025$786K

Philip and Masako Togo Kasloff FoundationFY2025$100K

Clearpath INCFY2025$100K

Greater Worcester Community Foundation INCFY2025$25K

Orcas Island Community FoundationFY2025$12K

The Ayco Charitable FoundationFY2025$9K

Total grants receivedfrom 7 funders$2.7M

See all 7 funders →

Grants paid · 292,518 grants · $31.2B · 2019–2024

Fidelity Investments Charitable Gift FundMA · FY2024$976,570,217

Johns Hopkins UniversityMD · FY2024$272,403,517

National Philanthropic TrustPA · FY2024$161,539,525

Renaissance Charitable Foundation INCIN · FY2024$155,395,322

The 85 FundTX · FY2024$148,300,000

Lucas Museum of Narrative ArtCA · FY2024$93,000,000

The Board of Trustees of the Leland Stanford Junior UniversityCA · FY2024$89,665,347

University of California San Francisco FoundationCA · FY2024$62,403,766

50can INCDC · FY2024$58,981,430

Climateworks FoundationCA · FY2024$54,611,500

Global Support and DevelopmentNC · FY2024$53,948,094

California Institute of TechnologyCA · FY2024$49,296,424

Morgan Stanley Global Impact Funding Trust INCNY · FY2024$47,215,290

The Church of Jesus Christ of Latter-Day SaintsUT · FY2024$46,642,412

University of California Berkeley FoundationCA · FY2024$40,859,706

Trustees of the University of PennsylvaniaPA · FY2024$38,194,198

Vital Strategies INCNY · FY2024$35,400,110

Rockefeller Philanthropy Advisors INCNY · FY2024$34,903,150

See all 292,518 grants →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.9B

Ln 12

Gifts and grantsLn 1h$4.7B

Investment incomeLn 3$158.4M

Other incomeLn 4–11$2K

Money outPt IX

$3.4B

Ln 25

Programscol B$3.3B

Managementcol C$4.1M

Fundraisingcol D$5.8M

Owns and owesPt X

$17.1B

net assets · Ln 32

Cash and savingsLn 1–2$30.0M

Total assetsLn 16$17.2B

LiabilitiesLn 26$26.2M

PeoplePt VI, VII

19

listed · VII A

PaidVII A10

Voting boardVI 1a7

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.7B

Noncash giftsLn 1g$3.21B

Investment incomeLn 3$158.4M

Other incomeLn 4–11$2K

Total revenueLn 12$4.9B

Assets in detailPt X, end of year

CashLn 1$88K

SavingsLn 2$29.9M

Cash and savings togetherLn 1–2$30.0M

InvestmentsLn 11–13$17.12B

Total assetsLn 16$17.2B

LiabilitiesLn 26$26.2M

Net assetsLn 32$17.1B

OperationsPt I, VI

EmployeesI 5226

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$15.9M	$30.0M
InvestmentsLn 11–13	$15.22B	$17.12B
Total assetsLn 16	$15.32B	$17.16B
LiabilitiesLn 26	$105.8M	$26.2M
Net assetsLn 32	$15.21B	$17.13B

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3.29B	$3.29B
Grants and assistance to foreign recipientsLn 3	$10.3M	$10.3M
Pay of current officers, directors and key staffLn 5	$2.6M	$1.1M	$858K	$602K
Other salaries and wagesLn 7	$9.8M	$7.1M	$1.3M	$1.4M
Other employee benefitsLn 9	$3.0M	$2.0M	$520K	$475K
Payroll taxesLn 10	$928K	$618K	$162K	$148K
Management feesLn 11a	$298K	$199K	$52K	$48K
Legal feesLn 11b	$24K	$20K	$5K
Accounting feesLn 11c	$267K		$267K
Investment management feesLn 11f	$20.8M	$20.8M
Other fees for servicesLn 11g	$316K	$316K
Advertising and promotionLn 12	$2.7M			$2.7M
Office expensesLn 13	$574K	$382K	$100K	$92K
Information technologyLn 14	$10.8M	$10.8M
TravelLn 17	$193K	$128K	$34K	$31K
Conferences, conventions and meetingsLn 19	$348K		$89K	$259K
InsuranceLn 23	$85K		$85K
Other expenses (24a–d)Ln 24	$3.0M	$2.4M	$614K
Total functional expensesLn 25	$3.35B	$3.34B	$4.1M	$5.8M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$9.7B	$6.7B	$2.9B	$41.0B	990 PDF
FY2023	$7.7B	$5.2B	$2.5B	$31.6B	990 PDF
FY2022	Not on file
FY2021	$7.3B	$3.8B	$3.5B	$25.5B	990 PDF
FY2020 Viewing	$4.9B	$3.4B	$1.5B	$17.1B	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign M · Noncash J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $4,885,079,278 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,364,889,684$4,726,676,097

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $193,620,725$158,400,812

I-11 Other revenuePrior year $0$2,369

I-12 Total revenuePrior year $4,558,510,409$4,885,079,278

I-13 Grants and similar amounts paidPrior year $2,478,188,431$3,297,355,695

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $12,254,794$16,300,866

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $33,851,199$39,459,055

I-18 Total expensesPrior year $2,524,294,424$3,353,115,616

I-19 Revenue less expensesPrior year $2,034,215,985$1,531,963,662

Part VI · Governance 6 of 7 board members independent, no flags

VI-1a Voting members of the governing body7

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $4,885,079,278 across 6 lines filed

VIII-1f All other contributions, gifts and grants$4,726,676,097

VIII-1g Noncash contributions (included above)$3,207,786,638

VIII-1h Total contributions, gifts and grants$4,726,676,097

VIII-3 Investment incomeExcluded from tax $158,400,812$158,400,812

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,369$2,369

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $158,403,181$4,885,079,278

Part IX · Statement of functional expenses $3,353,115,616 across 18 lines filed

IX-1 Grants to domestic organizationsPrograms $3,287,088,818$3,287,088,818

IX-3 Grants and assistance to foreign recipientsPrograms $10,266,877$10,266,877

IX-5 Pay of current officers, directors and key staffPrograms $1,113,202 · Management $857,914 · Fundraising $602,159$2,573,275

IX-7 Other salaries and wagesPrograms $7,136,690 · Management $1,308,913 · Fundraising $1,376,271$9,821,874

IX-9 Other employee benefitsPrograms $1,981,678 · Management $520,487 · Fundraising $475,232$2,977,397

IX-10 Payroll taxesPrograms $617,866 · Management $162,282 · Fundraising $148,172$928,320

IX-11a Management feesPrograms $198,627 · Management $52,169 · Fundraising $47,633$298,429

IX-11b Legal feesPrograms $19,588 · Management $4,897$24,485

IX-11c Accounting feesManagement $267,115$267,115

IX-11f Investment management feesPrograms $20,780,366$20,780,366

IX-11g Other fees for servicesPrograms $315,986$315,986

IX-12 Advertising and promotionFundraising $2,730,362$2,730,362

IX-13 Office expensesPrograms $382,196 · Management $100,384 · Fundraising $91,655$574,235

IX-14 Information technologyPrograms $10,829,825$10,829,825

IX-17 TravelPrograms $128,368 · Management $33,716 · Fundraising $30,784$192,868

IX-19 Conferences, conventions and meetingsManagement $89,439 · Fundraising $258,814$348,253

IX-23 InsuranceManagement $84,832$84,832

IX-24 Other expenses (24a–d)Programs $2,398,186 · Management $614,113$3,012,299

IX-25 Total functional expensesPrograms $3,343,258,273 · Management $4,096,261 · Fundraising $5,761,082$3,353,115,616

Part X · Balance sheet $17,157,797,480 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $280,005$88,445

X-2 Savings and temporary cash investmentsStart of year $15,647,470$29,896,085

X-4 Accounts receivableStart of year $81,151,370$11,213,001

X-9 Prepaid expenses and deferred chargesStart of year $139,318$240,390

X-11 Publicly traded securitiesStart of year $12,918,264,915$14,838,880,152

X-12 Other securitiesStart of year $2,301,346,966$2,277,479,407

X-16 Total assetsStart of year $15,316,830,044$17,157,797,480

X-17 Accounts payable and accrued expensesStart of year $7,782,606$9,981,203

X-18 Grants payableStart of year $98,055,603$16,244,570

X-26 Total liabilitiesStart of year $105,838,209$26,225,773

X-27 Net assets without donor restrictionsStart of year $15,210,991,835$17,131,571,707

X-32 Total net assets or fund balancesStart of year $15,210,991,835$17,131,571,707

X-33 Total liabilities and net assetsStart of year $15,316,830,044$17,157,797,480

Part XI · Reconciliation of net assets $17,131,571,707 net assets at year end

XI-1 Total revenue$4,885,079,278

XI-2 Total expenses$3,353,115,616

XI-3 Revenue less expenses$1,531,963,662

XI-4 Net assets at start of year$15,210,991,835

XI-5 Net unrealized gains (losses) on investments$388,616,210

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$17,131,571,707

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Donor Advised Charitable Giving INC FY2020 filing

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