Independent Charitable Gift Fund
95% goes to programs $0 to raise $100 Strong reserves Growing revenue
Independent Charitable Gift Fund is a 501(c)(3) organization based in Hudson, Ohio, registered in 2016, with $198,305,368 in FY2024 revenue. CharityIndex grades it A, and it directs about 95% of spending to programs.
110 W Streetsboro St Ste 2a, Hudson, OH, 44236 EIN 81-2576201 Since 2016
Revenue (FY2024)
$198.3M
▲ 26.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$70.7M
Net assets
$575.4M
Employees
11
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating95% to programs · $0 to raise $100
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 Independent Charitable Gift Fund: 95% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating98 mo reserves · +64% margin
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 Independent Charitable Gift Fund: 98 mo reserves · +64% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Independent Charitable Gift Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Independent Charitable Gift Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To encourage philanthropy and inspire americans to create their legacy through donor advised funds.
Contact & location
- Address
- 110 W Streetsboro St Ste 2a, Hudson, OH, 44236
- City
- Hudson
- State
- Ohio
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.7M (FY2017) to $198.3M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $50KNet assets $575.4M
Operating margin
64.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$575.4M
Total liabilities
$50K
Net assets
$575.4M
Salaries & benefits
$835K
1% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $198,305,368▲26.2% | $70,743,867▲31.8% | $575,389,942▲37.6% | $575,440,270▲37.6% | 990 |
| 2023 | $157,167,974▲13.2% | $53,665,266▲61.1% | $418,141,385▲47.8% | $418,174,157▲47.8% | 990 |
| 2022 | $138,892,808▼7.6% | $33,321,037▲57.6% | $282,925,375▲39.1% | $282,957,094▲39.1% | 990 |
| 2021 | $150,370,213▲298% | $21,136,870▲246% | $203,413,008▲197% | $203,452,465▲197% | 990 |
| 2020 | $37,782,060▲28.3% | $6,100,964▲117% | $68,407,541▲102% | $68,486,462▲102% | 990 |
| 2019 | $29,453,315▲364% | $2,807,815▲422% | $33,811,439▲486% | $33,831,270▲483% | 990 |
| 2018 | $6,343,865▲283% | $538,114▲52.1% | $5,769,884▲330% | $5,802,069▲325% | 990 |
| 2017 | $1,657,923 | $353,726 | $1,340,438 | $1,365,508 | 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.
Leadership & compensation (FY2024)
Highest-paid: William A Payne — $168,432 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| William A Payne | President/chief Executive Officer | 40 | $168,432 |
| Sheilah Villanueva | Evp/coo | 40 | $151,907 |
| Cindy Shedloski | Controller | 20 | $89,909 |
| Susan Figler | Chief Development Officer | 40 | $49,915 |
| Christopher Dudley | Secretary | 0.2 | — |
| Dave Pratt | Director | 0.2 | — |
| Gary Hanz | Treasurer(through 11/24) | 0.2 | — |
| Jane Howington | Director | 0.2 | — |
| Lawrence Spieth | Director(through 11/24) | 0.2 | — |
| Matthew F Kadish | Director | 0.2 | — |
| Pat Myers | Director | 0.2 | — |
| Patrick Scherer | Director | 0.2 | — |
| Philip T Tobin | Chairman/treasurer(11/24 & Forward) | 40 | — |
| Toby Blossom | Director | 0.2 | — |
Grants received · $189.7M total
58 grants to Independent Charitable Gift Fund totaling $189.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Philanthropy | 2024 | $1,618,756 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $519,485 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $454,887 |
| Servant Foundation | Community development | 2024 | $278,799 |
| American Gift Fund | Operations | 2024 | $223,927 |
| Dechomai Foundation Inc | Unrestricted | 2024 | $146,031 |
| Impactassets Inc | General support | 2024 | $95,546 |
| Giveclear Foundation | Program support | 2024 | $26,182 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $14,462 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $46,055,059 |
| Impactassets Inc | General support | 2023 | $2,738,491 |
| National Philanthropic Tr | Public, societal benefit | 2023 | $2,476,221 |
| American Endowment Foundation | Philanthropy | 2023 | $2,155,366 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $1,423,415 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $340,860 |
Grants made · $62.3M in FY2024
1,444 grants totaling $62.3M in FY2024 — showing the 15 largest. All grants made by Independent Charitable Gift Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Gary Sinise Foundation | General support | $2,076,732 |
| St Rose Church | General support | $2,000,000 |
| The Church of Jesus Christ of Latter-day Saints | General support | $1,634,663 |
| Fidelity Investments Charitable Gift Fund | General support | $1,439,334 |
| Saddleback Valley Community Church | General support | $1,200,000 |
| St George Music Theater Company | General support | $1,030,000 |
| Center For Strategic and International Studies Inc | General support | $1,000,000 |
| Church of Saint Michael | General support | $909,510 |
| Marquette University | General support | $900,000 |
| Renaissance Charitable Foundation Inc | General support | $872,729 |
| Samaritans Purse | General support | $582,675 |
| Auburn University Foundation | General support | $574,250 |
| Operation Healing Heroes Foundation Nfp | General support | $550,000 |
| Friends of the National Arboretum Inc | General support | $550,000 |
| Silverton Health Foundation | General support | $514,000 |
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Frequently asked questions
- Is Independent Charitable Gift Fund a legitimate nonprofit?
- Yes. Independent Charitable Gift Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-2576201, based in Hudson, Ohio. Donations are tax-deductible.
- What is Independent Charitable Gift Fund's EIN?
- Independent Charitable Gift Fund's Employer Identification Number (EIN) is 81-2576201.
- How much revenue does Independent Charitable Gift Fund report?
- Independent Charitable Gift Fund reported $198,305,368 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Independent Charitable Gift Fund's spending goes to programs?
- Independent Charitable Gift Fund spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Independent Charitable Gift Fund have?
- CharityIndex grades Independent Charitable Gift Fund A, based on program efficiency and fundraising cost.
- How much does Independent Charitable Gift Fund's highest-paid employee make?
- The highest reported compensation on Independent Charitable Gift Fund's latest Form 990 is $168,432, paid to William A Payne (President/chief Executive Officer).
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Data for Independent Charitable Gift Fund (EIN 81-2576201) 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.