The Blackbaud Giving Fund: Financials & Form 990

Matthew Nash’s $354K as Executive Director is at the 27th 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 · 3 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Matthew Nash	$354,375	$350,000	$325,000	$308,500	$234,000	$138,125
Holly Ivel	$172,602	—	—	—	—	—
Jennifer Studley	$29,172	$28,775	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization, with a nickname or small spelling change read as the same person. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Blackbaud Giving Fund 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

Updates and questions

Distributes donor-advised funds to vetted domestic and international charities through corporate giving programs and peer-to-peer fundraising campaigns.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

Questions for The Blackbaud Giving Fund

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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 · from the funders’ 2025 returns

Dated by each funder’s own filing year, which may not match this organization’s fiscal year.

Equifax Foundation INC$891K

Deluxe Corporation Foundation$281K

Ingredion Charitable Foundation$121K

The Blackbaud Giving Fund$66K

Triggers Cricket Consortium$10K

Total grants received, 2019–2025from 76 funders$306.1M

See all 76 funders, 2019–2025 →

Grants paid · 51,266 grants · $2.1B · 2020–2025

The Hca Hope FundTN · FY2025$11,383,422

American National Red Cross & Its Constituent Chapters and BranchesDC · FY2025$5,289,530

Alsac- Eft DepositoryTN · FY2025$5,269,182

Employees Community Fund of the Boeing CompanyIL · FY2025$3,805,852

United Way of Greater St Louis INCMO · FY2025$2,243,220

American Cancer Society INCGA · FY2025$2,239,217

American Heart Association INCTX · FY2025$1,926,236

PWC Foundation INCNY · FY2025$1,804,553

E4e Relief LLCNC · FY2025$1,791,936

Second Harvest of Silicon ValleyCA · FY2025$1,759,526

The Leukemia & Lymphoma Society INCNY · FY2025$1,704,078

Greater Twin Cities United WayMN · FY2025$1,688,656

Urban League of Metropolitan St LouisMO · FY2025$1,642,812

The Nature ConservancyVA · FY2025$1,618,507

General Electric Employees Community Service FundOH · FY2025$1,582,572

World Central Kitchen IncorporatedDC · FY2025$1,544,602

Southwire Cares INCGA · FY2025$1,501,238

Alzheimer's Disease & Related DisordersIL · FY2025$1,468,158

See all 51,266 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$545.8M

Ln 12

Gifts and grantsLn 1h$544.3M

Investment incomeLn 3$1.0M

Other incomeLn 4–11$470K

Money outPt IX

$540.7M

Ln 25

Programscol B$539.7M

Managementcol C$942K

Owns and owesPt X

$32.6M

net assets · Ln 32

Cash and savingsLn 1–2$55.7M

Total assetsLn 16$56.0M

LiabilitiesLn 26$23.4M

PeoplePt VI, VII

8

listed · VII A

PaidVII A3

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$544.3M

Investment incomeLn 3$1.0M

Other incomeLn 4–11$470K

Total revenueLn 12$545.8M

Assets in detailPt X, end of year

CashLn 1$1.8M

SavingsLn 2$54.0M

Cash and savings togetherLn 1–2$55.7M

Accounts receivableLn 4$210K

Prepaid expenses and deferred chargesLn 9$77K

Total assetsLn 16$56.0M

LiabilitiesLn 26$23.4M

Net assetsLn 32$32.6M

OperationsPt I, VI

EmployeesI 52

VolunteersI 66

Fiscal year endsHeaderDecember

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$7.2M

Donor-advised fundsSch D · Pt I

Line	FY25	FY24	FY23	FY22	FY21
End of yearLn 4	$65.5M	$58.7M	$62.2M	$70.6M
GrantedLn 3	$536.4M	$552.6M	$589.2M	$682.0M
Funds heldLn 1				359	275

4Year over year

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$52.0M	$55.7M
Total assetsLn 16	$52.7M	$56.0M
LiabilitiesLn 26	$25.2M	$23.4M
Net assetsLn 32	$27.5M	$32.6M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$532.9M	$532.9M
Grants and assistance to foreign recipientsLn 3	$3.4M	$3.4M
Pay of officers and key staff (Part IX, line 5)Ln 5	$562K	$281K	$281K
Payroll taxesLn 10	$29K	$15K	$15K
Management feesLn 11a	$13K		$13K
Legal feesLn 11b	$63K		$63K
Accounting feesLn 11c	$164K		$164K
Other fees for servicesLn 11g	$8K	$4K	$4K
Advertising and promotionLn 12	$237K		$237K
Office expensesLn 13	$934		$934
Information technologyLn 14	$10K		$10K
TravelLn 17	$35K		$35K
Conferences, conventions and meetingsLn 19	$3K		$3K
InsuranceLn 23	$75K		$75K
Other expenses (24a–d)Ln 24	$3.1M	$3.1M	$28K
All other expensesLn 24e	$14K		$14K
Total functional expensesLn 25	$540.7M	$539.7M	$942K	$0

Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.

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In the news

Google News · GDELT · headlines that name it, last 90 days

Headlines that name it, last 90 days1

The Blackbaud Giving Fund Disburses Over $536 Million in 2025, With Company Matches Accounting for More Than Halffinance.yahoo.com · Oct 14, 2026

Only headlines with its full name (or its website) in the title count; stories that only mention it in the text are left out. Last pulled Nov 3, 2026.

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$545.8M	$540.7M	$5.1M	$32.6M	990 PDF
FY2024Filed with the IRS Aug 4, 2025	$561.4M	$556.6M	$4.8M	$27.5M	990 PDF
FY2023Filed with the IRS Jul 29, 2024	$589.3M	$593.0M	−$3.6M	$22.6M	990 PDF
FY2022Filed with the IRS Aug 28, 2023	$661.9M	$686.2M	−$24.2M	$26.3M	990 PDF
FY2021Filed with the IRS Sep 6, 2022	$653.5M	$635.4M	$18.0M	$50.5M	990 PDF
FY2020Filed with the IRS Nov 8, 2021	$300.7M	$268.4M	$32.3M	$32.5M	990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments F · Foreign I · Grants J · Pay O · Explanations

See the full FY2025 990

Parts IV and V and the Schedule O notes are not shown yet: we do not hold this return's e-file. The Parts below come from the IRS data we do hold, and the full 990 PDF has every Part.

Part I · Summary $545,823,387 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $558,754,302$544,329,901

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,372,376$1,023,824

I-11 Other revenuePrior year $1,308,241$469,662

I-12 Total revenuePrior year $561,434,919$545,823,387

I-13 Grants and similar amounts paidPrior year $552,588,421$536,379,224

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

I-15 Salaries and benefitsPrior year $478,714$590,822

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

I-17 Other expensesPrior year $3,545,169$3,707,256

I-18 Total expensesPrior year $556,612,304$540,677,302

I-19 Revenue less expensesPrior year $4,822,615$5,146,085

Part III · Program service accomplishments 1 program, $539,735,498 spent

III-4a BBGF accelerates the flow and impact of generosity by facilitating charitable giving and grantmaking through a broad range of corporate, employee, consumer, and philanthropic giving programs. BBGF oversees, assesses, aggregates, and distributes charitable funds through workplace giving, matching gift programs, peer-to-peer fundraising initiatives, donor-advised grantmaking, and other charitable giving solutions, making timely grants to vetted nonprofit organizations in the United States and around the world that qualify in accordance with applicable charitable and tax regulations. (continued on schedule o)BBGF supports a wide range of charitable purposes, including education, human services for the distressed and underprivileged, scientific research, health, arts and humanities, religion, children and youth, wildlife and animal welfare, disease prevention, disaster relief, community development, and international aid.includes $536,379,224 in grants$539,735,498

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

VI-1a Voting members of the governing body6

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 VII · Officers, directors and key employees 8 people listed, 3 paid by the organization

VII-1a Matthew NashExecutive Director · 40 hours a week$354,375

VII-1a Holly IvelOperations Director · 40 hours a week$172,602

VII-1a Jennifer StudleyTreasurer · 8 hours a week$29,172

VII-1a Dan AptorChair · 2 hours a week$0

VII-1a David KimmDirector · 2 hours a week$0

VII-1a Elizabeth MarenakosDirector · 2 hours a week$0

VII-1a Jeffrey AngermanDirector · 4 hours a week$0

VII-1a Tycely WilliamsVice Chair · 2 hours a week$0

Part VIII · Statement of revenue $545,823,387 across 5 lines filed

VIII-1f All other contributions, gifts and grants$544,329,901

VIII-1h Total contributions, gifts and grants$544,329,901

VIII-3 Investment incomeExcluded from tax $1,023,824$1,023,824

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $469,662$469,662

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,493,486$545,823,387

Part IX · Statement of functional expenses $540,677,302 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $532,934,226$532,934,226

IX-3 Grants and assistance to foreign recipientsPrograms $3,444,998$3,444,998

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $280,780 · Management $280,780Part VII lists each person's pay for the calendar year, including pay from related organizations and from people who have left; Part IX, line 5 is this organization's own cost for its current officers and key staff over its fiscal year.$561,560

IX-10 Payroll taxesPrograms $14,631 · Management $14,631$29,262

IX-11a Management feesManagement $12,753$12,753

IX-11b Legal feesManagement $63,020$63,020

IX-11c Accounting feesManagement $164,326$164,326

IX-11g Other fees for servicesPrograms $3,886 · Management $3,886$7,772

IX-12 Advertising and promotionManagement $236,918$236,918

IX-13 Office expensesManagement $934$934

IX-14 Information technologyManagement $10,175$10,175

IX-17 TravelManagement $34,809$34,809

IX-19 Conferences, conventions and meetingsManagement $2,607$2,607

IX-23 InsuranceManagement $74,933$74,933

IX-24 Other expenses (24a–d)Programs $3,056,977 · Management $27,827$3,084,804

IX-24e All other expensesManagement $14,205$14,205

IX-25 Total functional expensesPrograms $539,735,498 · Management $941,804 · Fundraising $0$540,677,302

Part X · Balance sheet $56,012,024 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $2,007,293$1,757,299

X-2 Savings and temporary cash investmentsStart of year $50,041,249$53,968,475

X-4 Accounts receivableStart of year $574,273$209,747

X-9 Prepaid expenses and deferred chargesStart of year $72,350$76,503

X-16 Total assetsStart of year $52,695,165$56,012,024

X-17 Accounts payable and accrued expensesStart of year $333,259$309,986

X-18 Grants payableStart of year $24,902,367$23,096,414

X-26 Total liabilitiesStart of year $25,235,626$23,406,400

X-27 Net assets without donor restrictionsStart of year $27,459,539$32,605,624

X-32 Total net assets or fund balancesStart of year $27,459,539$32,605,624

X-33 Total liabilities and net assetsStart of year $52,695,165$56,012,024

Part XI · Reconciliation of net assets $32,605,624 net assets at year end

XI-1 Total revenue$545,823,387

XI-2 Total expenses$540,677,302

XI-3 Revenue less expenses$5,146,085

XI-4 Net assets at start of year$27,459,539

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$32,605,624

Part XII · Financial statements and reporting Audited: Yes

XII-2b Financial statements audited by an independent accountantYes

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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The Blackbaud Giving Fund

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Who runs it and what they're paid