Overview
What is American Gift Fund?
American Gift Fund is a nonprofit organization committed to inspiring generosity throughout America. Based in Wilmington, Delaware, with a PO Box address, they facilitate charitable giving by granting funds to eligible charities based on donor recommendations. Their mission is to enable donors to make charitable contributions efficiently, purposefully, and with significant impact, while supporting communities in prosperity.
Official website here: www.giftfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
American Gift Fund holds a commendable Three-Star rating from Charity Navigator, indicating a solid overall performance in accountability and community engagement. With a significant focus on Culture & Community, which scored 98, the organization demonstrates a strong commitment to fostering relationships and gathering feedback, achieving perfect scores in both feedback collection and usage.
The charity's financial metrics reflect a positive outlook as well, with a program expense ratio of 96.62%, suggesting that a substantial majority of its funds are directed towards programs rather than administrative costs. Additionally, the low liabilities to assets ratio of 0.68% and a working capital ratio of 7.32 years imply a stable financial foundation, which can support its ongoing initiatives effectively.
However, the accountability and finance score of 73 highlights some areas for improvement in financial management. While the charity excels in community engagement and feedback practices, enhancing transparency and efficiency in financial operations could further strengthen its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is American Gift Fund legitimate?
American Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Gift Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,077,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.giftfund.org
What is the mission statement of American Gift Fund?
The American Gift Fund inspires generosity across America and offers meaningful charitable services, enabling donors to give efficiently, purposefully, and with impact. Their mission is geared towards supporting communities in prosperity. They grant funds to eligible charities based on donor recommendations, allowing donors to make a difference in the causes they care about. The American Gift Fund empowers individuals to make a positive impact on the world around them and fosters a culture of giving and philanthropy. Through their charitable services, they facilitate meaningful donations and help create a ripple effect of positive change.
Official website here: www.giftfund.org
What is the revenue of American Gift Fund?
American Gift Fund's revenue in 2023 was $155,807,228.
Official website here: www.giftfund.org
Who are the executives of American Gift Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $3,058,808
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.giftfund.org
Where can I find the form 990 for American Gift Fund?
American Gift Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.giftfund.org
Learn more at the official website: www.giftfund.org
Mission Statement of American Gift Fund
The American Gift Fund, a charitable organization, is dedicated to inspiring generosity across America and offering meaningful charitable services for donors to give efficiently, purposefully, and with impact. By facilitating donor recommendations, the organization supports various eligible charities with grants, contributing to community prosperity.
In essence, American Gift Fund serves as a bridge between compassionate donors and deserving charities. The nonprofit's mission lies in enabling individuals to make a difference by providing them with the opportunity to allocate their charitable contributions effectively. Through this process, the organization fosters positive change in communities nationwide.
By offering a streamlined and impactful giving experience, American Gift Fund empowers donors to make a significant difference in the lives of others. The organization's services ensure that donations reach their intended recipients, ultimately leading to a ripple effect of goodwill and progress. American Gift Fund's commitment to fostering generosity and supporting charitable causes is a testament to its dedication to creating a better world, one gift at a time.
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Impact
October, 2024
American Gift Fund plays a pivotal role in fostering a culture of generosity across the United States. By empowering donors to give efficiently and purposefully, it ensures that charitable contributions make a meaningful impact in communities. The organization provides grants to eligible charities based on donor recommendations, facilitating a direct connection between benefactors and the causes they care about.
Through its initiatives, American Gift Fund not only supports individual philanthropy but also strengthens community ties, promoting prosperity and social betterment. This approach inspires more people to engage in charitable giving, helping to create a network of support that uplifts various causes across the nation. By focusing on impactful giving, American Gift Fund cultivates a spirit of generosity that resonates throughout American society.
This information is meant to be a general summary of American Gift Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $13,174,470
- Gross Receipts: $414,282,426
Assets and Liabilities:
- Total Assets: $434,171,024
- Total Liabilities: $2,971,320
- Net Assets: $431,199,704
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Organization Details
Founding Year
1997
Principal Officer
Jeff Salvo
Website
www.giftfund.orgNTEE Category
Code: T700 - Philanthropy
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