To expand the capacity of American philanthropy

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$3.1M 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $736.6M a year · 42% 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 0.2% 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 $7.04B in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $7.04B in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $6.9M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$21.5M
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3B
-7% vs prior year
Spent
$1.3B
To programs
99%
Net assets
$7.1B
By yearFY2020–FY2024
Revenue
$1.3B
FY2023▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4B
FY2021$2.7B
FY2022$1.4B
FY2023$1.3B
FY2024$1.9B
Expenses
$1.3B
FY2023▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2020$536.8M
FY2021$809.7M
FY2022$1.0B
FY2023$1.3B
FY2024$1.4B
Net assets
$7.1B
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7B
FY2021$7.1B
FY2022$6.2B
FY2023$7.1B
FY2024$8.4B

From the FY2023 Form 990 · 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.3B Management & general 0% · $2.9M Fundraising 0% · $4.7M

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

25 people listed on the 990; $3.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Vice President
$386,885Pt VII · Sec A
Chief Executive Officer
$374,154Pt VII · Sec A
General Counsel & Secretary of Board
$238,301Pt VII · Sec A
Former President
$231,292Pt VII · Sec A
$210,101Pt VII · Sec A
Chief Business Development Officer
$209,249Pt VII · Sec A
Chief Business Strategy Officer
$202,044Pt VII · Sec A
SVP, National Development Manager
$196,693Pt VII · Sec A

Rondal Ransom’s $603K as Chief Executive Officer is at the 68th 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

NameFY2024FY2023FY2022FY2021FY2020
Rondal Ransom$602,809$374,154———
John E Farren——$450,546$398,532$350,139
Stephen W Jones$348,889$386,885$305,882$280,640$258,264
Michele Hoza$248,190$238,301$222,651$209,538$200,509
Thomas J Tobin———$231,452$240,000
John Farren—$231,292———
Paula Hogan$217,153$210,101$199,744$198,635$201,425
Tyana Smith$183,111$209,249$202,968$193,828$188,256

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 American Endowment Foundation 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 donor-advised funds and distributes grants to tax-exempt charities and government entities to expand the capacity of American philanthropy.

Questions for American Endowment Foundation

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Provided by the organization

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1 program · $1.3B · in their own filed words · FY2023
01

American endowment foundation makes grants to U.S. Charitable organizations that are tax-exempt charities, or to U.S., state and local government entities for charitable purposes. Grants are only approved if they are used exclusively in furtherance of charitable purposes.

$1.3Bprogram 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
See all 8 funders →
Grants paid · 65,226 grants · $4.6B · 2020–2024
Donor Advised Charitable Giving INCCO · FY2024$102,850,203
Eames InstituteCA · FY2024$63,265,261
National Philanthropic TrustPA · FY2024$49,838,327
Hoffman Institute FoundationCA · FY2024$20,118,500
Impactassets INCMD · FY2024$11,084,116
Eastside Preparatory SchoolWA · FY2024$10,246,000
Breakthrough T1dNY · FY2024$10,085,956
The Barack Obama FoundationIL · FY2024$10,007,020
The Church of Jesus Christ of Latter-Day SaintsFY2024$8,470,226
Walder Operations LtdIL · FY2024$8,334,000
The Community Foundation of UtahUT · FY2024$7,774,326
University ImpactUT · FY2024$5,620,906
Clean Air Task Force INCMA · FY2024$5,015,000
See all 65,226 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.3B
Ln 12
Gifts and grantsLn 1h$1.2B
Investment incomeLn 3$149.4M
Other incomeLn 4–11$1K
Money outPt IX
$1.3B
Ln 25
Programscol B$1.3B
Managementcol C$2.9M
Fundraisingcol D$4.7M
Owns and owesPt X
$7.1B
net assets · Ln 32
Cash and savingsLn 1–2$98.4M
Total assetsLn 16$7.1B
LiabilitiesLn 26$21.5M
PeoplePt VI, VII
25
listed · VII A
PaidVII A25
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2B
Noncash giftsLn 1g$587.4M
Investment incomeLn 3$149.4M
Other incomeLn 4–11$1K
Total revenueLn 12$1.3B
Assets in detailPt X, end of year
SavingsLn 2$98.4M
Cash and savings togetherLn 1–2$98.4M
InvestmentsLn 11–13$7.04B
Land, buildings, equipmentLn 10c$1.2M
Other assetsLn 15$2.1M
Total assetsLn 16$7.1B
LiabilitiesLn 26$21.5M
Net assetsLn 32$7.1B
OperationsPt I, VI
EmployeesI 5103
VolunteersI 61
Fiscal year endsHeaderDecember
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
LineStart FY23End FY23
Cash and savingsLn 1–2$81.4M$98.4M
InvestmentsLn 11–13$6.16B$7.04B
Land, buildings, equipmentLn 10c$1.4M$1.2M
Total assetsLn 16$6.25B$7.15B
LiabilitiesLn 26$5.7M$21.5M
Net assetsLn 32$6.24B$7.12B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.23B$1.23B
Grants and assistance to foreign recipientsLn 3$152K$152K
Pay of current officers, directors and key staffLn 5$2.4M$1.3M$371K$654K
Other salaries and wagesLn 7$7.7M$4.6M$934K$2.2M
Pension plan contributionsLn 8$214K$123K$23K$68K
Other employee benefitsLn 9$1.4M$755K$131K$471K
Payroll taxesLn 10$584K$357K$73K$154K
Legal feesLn 11b$228K$153K$36K$38K
Accounting feesLn 11c$165K$165K
Investment management feesLn 11f$29.5M$29.5M
Other fees for servicesLn 11g$1.9M$1.1M$492K$331K
Office expensesLn 13$184K$130K$33K$22K
Information technologyLn 14$1.6M$1.1M$279K$299K
OccupancyLn 16$752K$476K$133K$143K
TravelLn 17$114K$10K$36K$68K
Conferences, conventions and meetingsLn 19$170K$70K$19K$81K
Depreciation, depletion and amortizationLn 22$384K$243K$68K$73K
InsuranceLn 23$159K$100K$28K$30K
Other expenses (24a–d)Ln 24$731K$680K$19K$32K
All other expensesLn 24e$530K$335K$94K$101K
Total functional expensesLn 25$1.28B$1.27B$2.9M$4.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9B$1.4B$527.2M$8.4B 990 PDF
FY2023 Viewing $1.3B$1.3B$42.9M$7.1B 990 PDF
FY2022 $1.4B$1.0B$384.2M$6.2B 990 PDF
FY2021 $2.7B$809.7M$1.9B$7.1B 990 PDF
FY2020 $1.4B$536.8M$852.9M$4.7B 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 FY2023 990 (6 parts)
Part I · Summary $1,320,890,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,305,502,090$1,171,485,223
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $115,602,161$149,404,196
I-11 Other revenuePrior year $1,746,824$1,462
I-12 Total revenuePrior year $1,422,851,075$1,320,890,881
I-13 Grants and similar amounts paidPrior year $993,988,430$1,229,386,619
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $11,518,054$12,184,076
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $33,151,989$36,448,755
I-18 Total expensesPrior year $1,038,658,473$1,278,019,450
I-19 Revenue less expensesPrior year $384,192,602$42,871,431
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,320,890,881 across 5 lines filed
Lines not itemized here account for $1,462 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,171,485,223
VIII-1g Noncash contributions (included above)$587,393,169
VIII-1h Total contributions, gifts and grants$1,171,485,223
VIII-3 Investment incomeUnrelated business $1,234,997 · Excluded from tax $148,169,199$149,404,196
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,234,997 · Excluded from tax $148,170,661$1,320,890,881
Part IX · Statement of functional expenses $1,278,019,450 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,229,234,119$1,229,234,119
IX-3 Grants and assistance to foreign recipientsPrograms $152,500$152,500
IX-5 Pay of current officers, directors and key staffPrograms $1,327,566 · Management $371,215 · Fundraising $654,134$2,352,915
IX-7 Other salaries and wagesPrograms $4,578,210 · Management $933,789 · Fundraising $2,164,845$7,676,844
IX-8 Pension plan contributionsPrograms $122,667 · Management $22,963 · Fundraising $67,979$213,609
IX-9 Other employee benefitsPrograms $755,054 · Management $130,839 · Fundraising $470,602$1,356,495
IX-10 Payroll taxesPrograms $357,116 · Management $73,311 · Fundraising $153,786$584,213
IX-11b Legal feesPrograms $153,237 · Management $36,130 · Fundraising $38,137$227,504
IX-11c Accounting feesManagement $164,519$164,519
IX-11f Investment management feesPrograms $29,490,735$29,490,735
IX-11g Other fees for servicesPrograms $1,071,532 · Management $492,395 · Fundraising $331,229$1,895,156
IX-13 Office expensesPrograms $129,666 · Management $32,520 · Fundraising $21,626$183,812
IX-14 Information technologyPrograms $1,068,311 · Management $278,879 · Fundraising $299,425$1,646,615
IX-16 OccupancyPrograms $476,263 · Management $133,172 · Fundraising $142,954$752,389
IX-17 TravelPrograms $10,398 · Management $36,249 · Fundraising $67,704$114,351
IX-19 Conferences, conventions and meetingsPrograms $69,630 · Management $19,470 · Fundraising $81,314$170,414
IX-22 Depreciation, depletion and amortizationPrograms $243,258 · Management $68,020 · Fundraising $73,015$384,293
IX-23 InsurancePrograms $100,375 · Management $28,067 · Fundraising $30,128$158,570
IX-24 Other expenses (24a–d)Programs $679,737 · Management $18,672 · Fundraising $32,472$730,881
IX-24e All other expensesPrograms $335,184 · Management $93,724 · Fundraising $100,608$529,516
IX-25 Total functional expensesPrograms $1,270,355,558 · Management $2,933,934 · Fundraising $4,729,958$1,278,019,450
Part X · Balance sheet $7,145,882,316 assets, 14 lines filed
Asset lines not itemized here account for $1,568,924; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $81,380,607$98,423,458
X-9 Prepaid expenses and deferred chargesStart of year $154,294$384,473
X-10c Land, buildings and equipment, netStart of year $1,391,555$1,249,416
X-11 Publicly traded securitiesStart of year $5,898,829,328$6,723,865,568
X-12 Other securitiesStart of year $261,511,698$318,316,618
X-15 Other assetsStart of year $1,734,678$2,073,859
X-16 Total assetsStart of year $6,246,840,051$7,145,882,316
X-17 Accounts payable and accrued expensesStart of year $607,942$1,214,726
X-18 Grants payableStart of year $1,846,123$17,360,329
X-25 Other liabilitiesStart of year $3,201,115$2,917,654
X-26 Total liabilitiesStart of year $5,655,180$21,492,709
X-27 Net assets without donor restrictionsStart of year $6,241,184,871$7,124,389,607
X-32 Total net assets or fund balancesStart of year $6,241,184,871$7,124,389,607
X-33 Total liabilities and net assetsStart of year $6,246,840,051$7,145,882,316
Part XI · Reconciliation of net assets $7,124,389,607 net assets at year end
XI-1 Total revenue$1,320,890,881
XI-2 Total expenses$1,278,019,450
XI-3 Revenue less expenses$42,871,431
XI-4 Net assets at start of year$6,241,184,871
XI-5 Net unrealized gains (losses) on investments$836,271,521
XI-9 Other changes in net assets$4,061,784
XI-10 Net assets at end of year$7,124,389,607

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

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