Pledgeling Foundation EIN 46-2440594

Pledgeling Foundation

EIN  46-2440594 Public foundation / grantmaker San Francisco, CA Founded 2013
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Pledgeling Foundation claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Operates a clearinghouse that processes and distributes donor-advised charitable donations to thousands of third-party nonprofit organizations nationwide.
Leadership
Matthew P Minnis · Chairperson
Money in and out
$63.2M revenue, $61.1M expenses
Bottom line
66% program efficiency

Operates a clearinghouse that processes and distributes donor-advised charitable donations to thousands of third-party nonprofit organizations nationwide. For fiscal year 2024 it reported $63.2M in revenue, $61.1M in expenses, and $8.4M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$63.2M
Pt VIII · Ln 12
Total expenses
$61.1M
Pt IX · Ln 25
Net assets
$8.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2.1M
Where spending went · Part IX cols B–D
Program services $0.66 Fundraising $0.34
Program efficiency
66%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate▲ +21% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -64% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$63.2M
FY2024▲ +6%
Expenses
$61.1M
FY2024▲ +13%
Total assets
$13.3M
FY2024▲ +20%
Total liabilities
$4.8M
FY2024▲ +2%
Total revenue
$63.2M
Pt VIII · Ln 12
Total expenses
$61.1M
Pt IX · Ln 25
Net assets
$8.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2.1M
Total assetsPt X · Ln 16$13.3M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $40.3M of program spending, described in the organization's own filed words · FY2024.
01

The foundation made pass-through grants to approximately 20,000 organizations.

$40.3Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPledgeling Foundation
EINHdr · item D46-2440594
Principal addressHdr · item CSan Francisco, CA
WebsiteHdr · item Jwww.pledgelingfoundation.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFMay 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Pledgeling Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants99%$62.6M
Investment income$288K
Other revenue$304K
Total revenueLn 12$63.2M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Fundraising $0.34
Program services66%$40.3M
Fundraising34%$20.8M
Total functional expensesLn 25$61.1M

Balance Sheet

Part X · end of year
CashLn 1$10.0M
Total assetsLn 16$13.3M
Total liabilitiesLn 26$4.8M
Total net assetsLn 32$8.4M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.5M · Operating expenses (Pt IX) $61.1M · Less non-cash grants $98K · Cash operating expenses/yr $61.0M
2.3 months
Where the money goes
Program services
Program services $40.3M · Total expenses $61.1M
66%
Management & General
Management & general $0 · Total expenses $61.1M
0%
Fundraising
Fundraising $20.8M · Total expenses $61.1M
34%
Cost to raise $1
Fundraising expense (3-yr avg) $13.2M · Solicited contributions (3-yr avg) $47.2M
$0.28 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $62.6M · Total revenue $63.2M
99%
Government reliance
Government grants — · Total revenue $63.2M
Earned-income share
Program service revenue $0 · Total revenue $63.2M
0%
Investment reliance
Investment income $288K · Total revenue $63.2M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $61.1M
0%
Growth & trend
Revenue growth (YoY)
This year $63.2M · Prior year $59.7M
+6%
Revenue CAGR
FY2020 $10.4M · FY2024 $63.2M
+57%
Net-asset trend (YoY)
End of year $8.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $63.2M · Expenses $61.1M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $13.3M
Net-asset ratio
Net assets $8.4M · Total assets $13.3M
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.3M
12%
People & payroll
Highest Reported Total Compensation
Individual Matthew P Minnis · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $61.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $61.1M
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $18.8M · Gross raised $38.9M
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 0%
Fundraising cost ratio 33%
Revenue growth 6%
Fundraising fee ratio 34%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$7K
Grants paid · 2,735 grants · $87.6M · 2020–2024
Rhode Futures FoundationCA · FY2024$1,600,610
The Leukemia & Lymphoma SocietyNY · FY2024$748,109
City of HopeCA · FY2024$606,162
Bama Works Fund of Dave Matthews BandVA · FY2024$490,912
The Actors Fund of AmericaNY · FY2024$425,091
Every Kid Swims INCFL · FY2024$392,298
Chris Evert Charities INCFL · FY2024$380,044
Whyhunger INCNY · FY2024$344,702
Harrys HeroesCA · FY2024$338,628
Institute for Art and LivingCA · FY2024$292,643
Kasmar FoundationCT · FY2024$284,945
Baldwin Family FundNY · FY2024$268,750
See all 2,735 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Pledgeling Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$63.2M revenue · viewing · ⤓ 990 PDF
FY2023$59.7M revenue · ⤓ 990 PDF
FY2022$19.5M revenue · ⤓ 990 PDF
FY2021$17.4M revenue · ⤓ 990 PDF
FY2020$10.4M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.