We strive to multiply charitable resources by inspiring a culture of radical generosity in global markets, starting with New York City. We will awaken the hearts of those with capacity, and teach the next generation to give with purpose.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 7 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $1.0M a year · 45% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$125K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $571K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
-28% vs prior year
Spent
$1.3M
To programs
85%
Net assets
$107K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▼ -28%
Tap a bar for its year
Revenue by fiscal year
FY2020$784K
FY2021$820K
FY2022$6.7M
FY2023$1.7M
FY2024$1.3M
Expenses
$1.3M
FY2024▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$866K
FY2021$833K
FY2022$1.4M
FY2023$1.7M
FY2024$1.3M
Net assets
$107K
FY2024▼ -31%
Tap a bar for its year
Net assets by fiscal year
FY2020−$78K
FY2021−$90K
FY2022$5.2M
FY2023$156K
FY2024$107K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2019.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $1.1M Management & general 15% · $196K

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

9 people listed on the 990; $125K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$94,294Pt VII · Sec A
$30,500Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Dwight Jacobsen’s $94K as Board Member is at the 25th percentile of top reported officer pay among 1690 $1–10M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Jeff Smith———$242,625
Jeffrey Smith—$168,294$236,250—
Timothy Vickers$30,500$11,000$141,750$148,396
Dwight Jacobsen$94,294———

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 Generous Life INC 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 15aNo

Programs and updates

Inspiring radical generosity to multiply charitable resources globally, starting in New York City.

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Provided by the organization

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2 programs · $1.1M · in their own filed words · FY2024
01

Generous life creates experiences around charitable giving that are fun, informed, and experiential that are meant to unlock the joy of generosity for today's giver. These experiences are delivered in 3 ways: 1) curated events that provide a space for safe, intellectual, exclusive, and experiential learning and development; 2) unique…

$1.1Mprogram expense
02

Generous.life is a platform intended to reach, transform, and serve leaders in communities accross the country by maximizing the social impact of the charitable capital they receive and increase the generosity of their network.

Pt IX · col B

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 · FY2024
See all 4 funders →
Grants paid · 2 grants · $39K · 2021–2021
Oneworld HealthSC · FY2021$33,250
Leadership FoundationsWA · FY2021$6,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$196K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$154K
LiabilitiesLn 26$46K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Gains on assetsLn 7$0
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$150K
SavingsLn 2$0
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4K
Other assetsLn 15$0
Total assetsLn 16$154K
LiabilitiesLn 26$46K
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 57
VolunteersI 67
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$178K$150K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$4K
Total assetsLn 16$205K$154K
LiabilitiesLn 26$50K$46K
Net assetsLn 32$156K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$125K$110K$15K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$423K$372K$51K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$70K$63K$7K
Payroll taxesLn 10$43K$38K$4K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$57K$57K
Advertising and promotionLn 12$0
Office expensesLn 13$2K$66$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$57K$12K$45K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K$913$1K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$523K$459K$64K
All other expensesLn 24e$487$487
Total functional expensesLn 25$1.3M$1.1M$196K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $1.3M$1.3M−$48K$107K 990 PDF
FY2023Filed with the IRS Nov 14, 2025 $1.7M$1.7M$671$156K 990 PDF
FY2022Filed with the IRS Mar 3, 2025 $6.7M$1.4M$5.2M$5.2M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $820K$833K−$12K−$90K 990 PDF
FY2020Filed with the IRS Jun 21, 2022 $784K$866K−$82K−$78K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,258,828 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,743,696$1,258,828
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,743,696$1,258,828
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $837,718$659,568
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $905,307$647,576
I-18 Total expensesPrior year $1,743,025$1,307,144
I-19 Revenue less expensesPrior year $671−$48,316
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,258,828 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,258,828
VIII-1h Total contributions, gifts and grants$1,258,828
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$1,258,828
Part IX · Statement of functional expenses $1,307,144 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $109,819 · Management $14,975$124,794
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $371,841 · Management $50,707$422,548
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $62,545 · Management $7,086$69,631
IX-10 Payroll taxesPrograms $38,336 · Management $4,259$42,595
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $56,993$56,993
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $66 · Management $1,714$1,780
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $11,884 · Management $45,065$56,949
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $913 · Management $1,141$2,054
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,546$1,546
IX-23 InsuranceManagement $4,507$4,507
IX-24 Other expenses (24a–d)Programs $459,040 · Management $64,220$523,260
IX-24e All other expensesManagement $487$487
IX-25 Total functional expensesPrograms $1,111,437 · Management $195,707 · Fundraising $0$1,307,144
Part X · Balance sheet $153,650 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $177,506$149,816
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $22,385$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $5,380$3,834
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $205,271$153,650
X-17 Accounts payable and accrued expensesStart of year $49,746$46,441
X-26 Total liabilitiesStart of year $49,746$46,441
X-27 Net assets without donor restrictionsStart of year $155,525$107,209
X-32 Total net assets or fund balancesStart of year $155,525$107,209
X-33 Total liabilities and net assetsStart of year $205,271$153,650
Part XI · Reconciliation of net assets $107,209 net assets at year end
XI-1 Total revenue$1,258,828
XI-2 Total expenses$1,307,144
XI-3 Revenue less expenses−$48,316
XI-4 Net assets at start of year$155,525
XI-10 Net assets at end of year$107,209

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

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