Donor Advised Charitable Giving INC FY2023 filing

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At Donor Advised Charitable Giving, INC., our mission is to increase Charitable Giving in the united states by offering advantageous ways to give useful information and unbiased guidance.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.6B a year · 32% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 0.07% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $31.54B in investments, Pt X · Ln 11–13
Fine: 0.1 months of spending in cash, plus $31.54B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $2.7M
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$68.8M
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7B
-24% vs prior year
Spent
$5.2B
To programs
100%
Net assets
$31.6B
By yearFY2020–FY2025
Revenue
$7.7B
FY2023▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.9B
FY2021$7.3B
FY2021$10.1B
FY2023$7.7B
FY2024$9.7B
FY2025$11.7B
Expenses
$5.2B
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4B
FY2021$3.8B
FY2021$0
FY2023$5.2B
FY2024$6.7B
FY2025$9.0B
Net assets
$31.6B
FY2023▲ ×449990
Tap a bar for its year
Net assets by fiscal year
FY2020$17.1B
FY2021$25.5B
FY2021$70K
FY2023$31.6B
FY2024$41.0B
FY2025$47.4B

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. 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.

Program services 100% · $5.1B Management & general 0% · $6.3M Fundraising 0% · $10.5M

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

Something off? Claim to add context

Who runs it and what they're paid

21 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$593,269Pt VII · Sec A
Md-Bus Dev, Mktg & Strat. Partner
$474,425Pt VII · Sec A
Md-Invest Oversight & Due Diligence
$391,845Pt VII · Sec A
Md-Strategy, Offer Mgmt & Analysis
$365,814Pt VII · Sec A
Chief Financial Officer
$350,610Pt VII · Sec A
Director
$300,691Pt VII · Sec A
$299,702Pt VII · Sec A
$295,227Pt 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

NameFY2025FY2024FY2023FY2021FY2021FY2020
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 →

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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1 program · $5.1B · in their own filed words · FY2022
01

See schedule o

$5.1Bprogram 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
See all 7 funders →
Grants paid · 292,518 grants · $31.2B · 2019–2024
Johns Hopkins UniversityMD · FY2024$272,403,517
National Philanthropic TrustPA · FY2024$161,539,525
The 85 FundTX · FY2024$148,300,000
Lucas Museum of Narrative ArtCA · FY2024$93,000,000
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
Vital Strategies INCNY · FY2024$35,400,110
See all 292,518 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$7.7B
Ln 12
Gifts and grantsLn 1h$7.3B
Investment incomeLn 3$332.0M
Money outPt IX
$5.2B
Ln 25
Programscol B$5.1B
Managementcol C$6.3M
Fundraisingcol D$10.5M
Owns and owesPt X
$31.6B
net assets · Ln 32
Cash and savingsLn 1–2$47.7M
Total assetsLn 16$31.6B
LiabilitiesLn 26$68.8M
PeoplePt VI, VII
21
listed · VII A
PaidVII A10
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.3B
Noncash giftsLn 1g$4.40B
Investment incomeLn 3$332.0M
Total revenueLn 12$7.7B
Assets in detailPt X, end of year
CashLn 1$110K
SavingsLn 2$47.6M
Cash and savings togetherLn 1–2$47.7M
InvestmentsLn 11–13$31.54B
Total assetsLn 16$31.6B
LiabilitiesLn 26$68.8M
Net assetsLn 32$31.6B
OperationsPt I, VI
EmployeesI 5226
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Grants to other countriesSch F Pt II–III$48.8M
Noncash gifts receivedSch M Pt I$4.03B
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$54.0M$47.7M
InvestmentsLn 11–13$26.30B$31.54B
Total assetsLn 16$26.43B$31.64B
LiabilitiesLn 26$37.5M$68.8M
Net assetsLn 32$26.40B$31.57B
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.01B$5.01B
Grants and assistance to foreign recipientsLn 3$48.8M$48.8M
Pay of current officers, directors and key staffLn 5$2.7M$2.0M$294K$401K
Other salaries and wagesLn 7$20.9M$15.4M$2.3M$3.1M
Other employee benefitsLn 9$4.9M$3.6M$537K$732K
Payroll taxesLn 10$1.8M$1.3M$193K$263K
Management feesLn 11a$1.9M$1.4M$212K$290K
Legal feesLn 11b$369K$296K$74K
Accounting feesLn 11c$384K$384K
Investment management feesLn 11f$41.4M$41.4M
Other fees for servicesLn 11g$649K$649K
Advertising and promotionLn 12$5.1M$5.1M
Office expensesLn 13$326K$241K$36K$49K
Information technologyLn 14$18.6M$18.6M
TravelLn 17$542K$401K$60K$81K
Conferences, conventions and meetingsLn 19$581K$171K$409K
InsuranceLn 23$195K$195K
Other expenses (24a–d)Ln 24$7.6M$5.8M$1.8M
Total functional expensesLn 25$5.16B$5.15B$6.3M$10.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 29, 2026 $11.7B$9.0B$2.7B$47.4B 990 PDF
FY2024Filed with the IRS Apr 16, 2025 $9.7B$6.7B$2.9B$41.0B 990 PDF
FY2023 ViewingFiled with the IRS Apr 12, 2024 $7.7B$5.2B$2.5B$31.6B 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Feb 18, 2022 $7.3B$3.8B$3.5B$25.5B 990 PDF
FY2020Filed with the IRS Feb 17, 2021 $4.9B$3.4B$1.5B$17.1B 990 PDF

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 FY2023 990 (6 parts)
Part I · Summary $7,651,350,396 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,756,212,341$7,319,326,897
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $318,447,837$332,023,499
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $10,074,660,178$7,651,350,396
I-13 Grants and similar amounts paidPrior year $4,707,901,363$5,054,990,437
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,807,743$30,182,550
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $69,203,115$77,742,762
I-18 Total expensesPrior year $4,800,912,221$5,162,915,749
I-19 Revenue less expensesPrior year $5,273,747,957$2,488,434,647
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 $7,651,350,396 across 5 lines filed
VIII-1f All other contributions, gifts and grants$7,319,326,897
VIII-1g Noncash contributions (included above)$4,397,771,227
VIII-1h Total contributions, gifts and grants$7,319,326,897
VIII-3 Investment incomeExcluded from tax $332,023,499$332,023,499
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $332,023,499$7,651,350,396
Part IX · Statement of functional expenses $5,162,915,749 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $5,006,192,989$5,006,192,989
IX-3 Grants and assistance to foreign recipientsPrograms $48,797,448$48,797,448
IX-5 Pay of current officers, directors and key staffPrograms $1,978,602 · Management $294,116 · Fundraising $401,068$2,673,786
IX-7 Other salaries and wagesPrograms $15,444,863 · Management $2,295,858 · Fundraising $3,130,715$20,871,436
IX-9 Other employee benefitsPrograms $3,613,157 · Management $537,091 · Fundraising $732,397$4,882,645
IX-10 Payroll taxesPrograms $1,298,466 · Management $193,015 · Fundraising $263,202$1,754,683
IX-11a Management feesPrograms $1,429,471 · Management $212,489 · Fundraising $289,758$1,931,718
IX-11b Legal feesPrograms $295,554 · Management $73,888$369,442
IX-11c Accounting feesManagement $384,391$384,391
IX-11f Investment management feesPrograms $41,368,498$41,368,498
IX-11g Other fees for servicesPrograms $648,911$648,911
IX-12 Advertising and promotionFundraising $5,127,308$5,127,308
IX-13 Office expensesPrograms $240,995 · Management $35,824 · Fundraising $48,850$325,669
IX-14 Information technologyPrograms $18,637,384$18,637,384
IX-17 TravelPrograms $400,800 · Management $59,579 · Fundraising $81,243$541,622
IX-19 Conferences, conventions and meetingsManagement $171,398 · Fundraising $409,167$580,565
IX-23 InsuranceManagement $195,284$195,284
IX-24 Other expenses (24a–d)Programs $5,828,412 · Management $1,803,558$7,631,970
IX-25 Total functional expensesPrograms $5,146,175,550 · Management $6,256,491 · Fundraising $10,483,708$5,162,915,749
Part X · Balance sheet $31,640,075,723 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $207,662$110,351
X-2 Savings and temporary cash investmentsStart of year $53,833,052$47,630,106
X-4 Accounts receivableStart of year $82,004,977$55,076,710
X-9 Prepaid expenses and deferred chargesStart of year $295,343$281,865
X-11 Publicly traded securitiesStart of year $22,234,695,286$26,398,477,472
X-12 Other securitiesStart of year $4,063,791,698$5,138,499,219
X-16 Total assetsStart of year $26,434,828,018$31,640,075,723
X-17 Accounts payable and accrued expensesStart of year $14,793,017$16,114,145
X-18 Grants payableStart of year $22,728,636$52,670,476
X-26 Total liabilitiesStart of year $37,521,653$68,784,621
X-27 Net assets without donor restrictionsStart of year $26,397,306,365$31,571,291,102
X-32 Total net assets or fund balancesStart of year $26,397,306,365$31,571,291,102
X-33 Total liabilities and net assetsStart of year $26,434,828,018$31,640,075,723
Part XI · Reconciliation of net assets $31,571,291,102 net assets at year end
XI-1 Total revenue$7,651,350,396
XI-2 Total expenses$5,162,915,749
XI-3 Revenue less expenses$2,488,434,647
XI-4 Net assets at start of year$26,397,306,365
XI-5 Net unrealized gains (losses) on investments$2,685,550,090
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,571,291,102

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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