Porter-Gaud Foundation: Nonprofit Profile, Financials & Form 990 (EIN 45-2701202)

Revenue by fiscal year
FY2021	$3.2M
FY2023	$12.1M
FY2024	$7.5M

Expenses by fiscal year
FY2021	$1.7M
FY2023	$2.6M
FY2024	$3.9M

Net assets by fiscal year
FY2021	$29.0M
FY2023	$38.7M
FY2024	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

74 cents of each dollar spent went to programs.

74%

26%

Program services 74% · $2.9M Fundraising 26% · $1.0M

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

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Richard Star

Chair

$0Pt VII · Sec A

Jonathan Centurino

Trustee

$0Pt VII · Sec A

Mark Congdon

Trustee

$0Pt VII · Sec A

Michael Handler

Trustee

$0Pt VII · Sec A

Nathaniel Howe

Trustee

$0Pt VII · Sec A

Lauren Netter

Trustee

$0Pt VII · Sec A

Brittany Middleton Ogike

Trustee

$0Pt VII · Sec A

Granger Osborne JR

Trustee

$0Pt VII · Sec A

See Porter-Gaud 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

Provides charitable gifts to advance educational programs at Porter-Gaud School.

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2023

01

Grants, allocations and other transfers of foundation assets to supported organizations for use in their programs and operations.

$2.9Mprogram 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

Dreamcatcher FoundationFY2025$10K

O W Havens FoundationFY2025$2K

Total grants receivedfrom 2 funders$12K

Grants paid · 3 grants · $5.6M · 2020–2023

Porter-Gaud SchoolSC · FY2023$2,903,782

Porter-Gaud SchoolSC · FY2022$1,642,046

Porter-Gaud SchoolSC · FY2020$1,022,885

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$7.5M

Ln 12

Gifts and grantsLn 1h$6.3M

Investment incomeLn 3$799K

Other incomeLn 4–11$416K

Money outPt IX

$3.9M

Ln 25

Programscol B$2.9M

Fundraisingcol D$1.0M

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

16

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.3M

Noncash giftsLn 1g$44K

Investment incomeLn 3$799K

Other incomeLn 4–11$416K

Gains on assetsLn 7$550

Total revenueLn 12$7.5M

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY24	End FY24
Total assetsLn 16	$38.8M	$0
LiabilitiesLn 26	$83K	$0
Net assetsLn 32	$38.7M	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$2.9M	$2.9M
Accounting feesLn 11c	$2K			$2K
Other fees for servicesLn 11g	$20K			$20K
Office expensesLn 13	$38K			$38K
TravelLn 17	$6K			$6K
Conferences, conventions and meetingsLn 19	$133K			$133K
Payments to affiliatesLn 21	$502K			$502K
Other expenses (24a–d)Ln 24	$303K			$303K
All other expensesLn 24e	$9K			$9K
Total functional expensesLn 25	$3.9M	$2.9M	$0	$1.0M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$7.5M	$3.9M	$3.6M	$0	990 PDF
FY2023	$12.1M	$2.6M	$9.6M	$38.7M	990 PDF
FY2022	Not on file
FY2021	$3.2M	$1.7M	$1.5M	$29.0M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $7,489,996 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $11,195,363$6,274,927

I-9 Program service revenue$0

I-10 Investment incomePrior year $779,023$799,394

I-11 Other revenuePrior year $160,349$415,675

I-12 Total revenuePrior year $12,134,735$7,489,996

I-13 Grants and similar amounts paidPrior year $1,642,046$2,903,782

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $908,934$1,012,538

I-18 Total expensesPrior year $2,550,980$3,916,320

I-19 Revenue less expensesPrior year $9,583,755$3,573,676

Part VI · Governance 12 of 12 board members independent, 2 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

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

Part VIII · Statement of revenue $7,489,996 across 7 lines filed

Lines not itemized here account for $23,523 of total revenue; see the IRS return.

VIII-1f All other contributions, gifts and grants$6,274,927

VIII-1g Noncash contributions (included above)$44,001

VIII-1h Total contributions, gifts and grants$6,274,927

VIII-3 Investment incomeExcluded from tax $798,844$798,844

VIII-7 Net gain or loss on sales of assetsRelated to mission $550$550

VIII-8 Net income from fundraising events$392,152

VIII-12 Total revenueRelated to mission $24,073 · Excluded from tax $798,844$7,489,996

Part IX · Statement of functional expenses $3,916,320 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $2,903,782$2,903,782

IX-11c Accounting feesFundraising $1,500$1,500

IX-11g Other fees for servicesFundraising $20,000$20,000

IX-13 Office expensesFundraising $38,194$38,194

IX-17 TravelFundraising $5,809$5,809

IX-19 Conferences, conventions and meetingsFundraising $133,107$133,107

IX-21 Payments to affiliatesFundraising $501,618$501,618

IX-24 Other expenses (24a–d)Fundraising $303,418$303,418

IX-24e All other expensesFundraising $8,892$8,892

IX-25 Total functional expensesPrograms $2,903,782 · Management $0 · Fundraising $1,012,538$3,916,320

Part X · Balance sheet $0 assets, 4 lines filed

X-16 Total assetsStart of year $38,788,810$0

X-26 Total liabilitiesStart of year $83,079$0

X-32 Total net assets or fund balancesStart of year $38,705,731$0

X-33 Total liabilities and net assetsStart of year $38,788,810$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$7,489,996

XI-2 Total expenses$3,916,320

XI-3 Revenue less expenses$3,573,676

XI-4 Net assets at start of year$38,705,731

XI-5 Net unrealized gains (losses) on investments$1,905,063

XI-9 Other changes in net assets−$44,184,470

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Porter-Gaud Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Porter-Gaud Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV