Donors Trust Inc is a 501(c)(3) organization based in Alexandria, Virginia, registered in 1999, with $294,438,756 in FY2024 revenue. CharityIndex grades it A+, and it directs about 98% of spending to programs.
Revenue (FY2024)
$294.4M
▲ 86.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$291.5M
Net assets
$1.4B
Employees
18
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Donors Trust Inc: 98% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Donors Trust Inc: 56 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Donors Trust Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Donors Trust Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Support charities & sponsor programs that promote liberty- see part iii
Donors trust serves as an incubator for organizations with missions that align with that of donors trust and that are in the process of applying for tax-exempt status, thereby allowing these start-up organizations a chance to begin operations while waiting for formal recognition of their non-profit status.
Donors trust initiated a program to make grants to foreign ngos for which donors trust receives an equivalency determination that finds had the foreign organization been (1) a u.s. based organization and (2) applied for tax-exempt status the ngo would have received recognition as a 501(c)(3) publicly supported charity.
Revenue declined from $360.2M (FY2020) to $294.4M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
1.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.8M
Net assets
$1.4B
Salaries & benefits
$3.2M
1% of expenses
Board members
5
4 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $294,438,756▲86.1% | $291,549,081▼18.5% | $1,362,762,870▲5.7% | $1,364,601,090▲5.7% | 990 |
| 2023 | $158,252,948▼51.0% | $357,941,924▲44.3% | $1,289,047,383▼7.0% | $1,291,166,098▼6.9% | 990 |
| 2022 | $323,050,038▼70.5% | $248,109,953▲29.3% | $1,385,541,202▼7.9% | $1,387,471,760▼7.8% | 990 |
| 2021 | $1,094,663,581▲204% | $191,858,622▲3.3% | $1,504,877,746▲148% | $1,504,903,651▲148% | 990 |
| 2020 | $360,225,715 | $185,809,701 | $607,296,664 | $607,685,575 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Lawson R Bader — $399,997 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lawson R Bader | President and Ceo | 42 | $399,997 |
| Jeffrey C Zysik | Cfo, Coo and Treasurer | 42 | $312,413 |
| Peter A Lipsett | Vice President | 45 | $240,536 |
| Gregory P Conko | Vice President of Programs | 40 | $236,087 |
| Stephen M Johnson | Cto | 45 | $188,141 |
| Lukas C Dwelly | Philanthropic Advisor | 40 | $186,290 |
| Stephanie L Giovanetti | Philanthropic Advisor | 40 | $170,558 |
| Christopher D Renner | Controller | 40 | $163,134 |
| George Gh Coates Jr | Director | 1 | — |
| James Piereson | Vice Chair | 1 | — |
| Kimberly O Dennis | Chair | 1 | — |
| Thomas E Beach | Director | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Health Policy Matters LLC | Project Management | $720,000 |
93 grants to Donors Trust Inc totaling $567.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The 85 Fund | General support | 2024 | $67,900,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $750,000 |
| Greater Houston Community Foundation | Public benefit | 2024 | $400,000 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2024 | $400,000 |
| Denver Foundation | Philanthropy, charity & voluntarism promotion | 2024 | $110,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $19,980 |
| The 85 Fund | General support | 2023 | $92,050,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $21,584,251 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $5,165,000 |
| Jewish Community Fdn of the Jewish Federation Council of Greater La | General support | 2023 | $550,000 |
| National Christian Charitable Foundation | Growth | 2023 | $500,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $300,100 |
| Jewish Community Foundation of San Diego | General | 2023 | $250,000 |
| Greater Houston Community Foundation | Public benefit | 2023 | $100,000 |
| The Pittsburgh Foundation | Philanthropy, charity and voluntarism promotion | 2023 | $96,189 |
919 grants totaling $282.1M in FY2024 — showing the 15 largest. All grants made by Donors Trust Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Medstar-georgetown Medical Center Inc | For the medstar orthopaedic institute | $35,000,000 |
| America First Legal Foundation | For general operations | $20,734,450 |
| State Policy Network | For general operations | $7,000,128 |
| Institute For Justice | For general operations | $6,999,880 |
| Consumers Research Inc | For general operations | $5,053,100 |
| Texas A&m Foundation | For the center on the structural constitution | $5,000,000 |
| The Reason Foundation | For general operations | $4,987,225 |
| Teneo Network Inc | For general operations | $4,433,000 |
| Real Clear Foundation | For general operations | $4,150,000 |
| George Mason University Foundation Inc | For the law & economics center | $3,750,000 |
| Lucy Burns Institute Inc | For general operations | $3,129,038 |
| Foundation For Constitutional Freedom | For general operations | $2,975,000 |
| Mackinac Center | For general operations | $2,885,200 |
| Informing America Inc | For general operations | $2,800,000 |
| Acani | For general operations | $2,770,000 |
Explore more
Data for Donors Trust Inc (EIN 52-2166327) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.