Overview
What is The Independent Charitable Gift Fund?
The Independent Charitable Gift Fund is a nonprofit organization situated in Hudson, Ohio. With a workforce of six dedicated individuals, they facilitate grant distribution to U.S. tax-exempt charitable organizations to further the charitable causes they support. The organization inspires Americans to create their legacy through donor advised funds. By partnering with donors and their trusted advisors, The Independent Charitable Gift Fund empowers them to establish, maintain, and pass on their philanthropic legacy. The experience is designed to be enjoyable, as the impact of their donor advised fund solutions is truly remarkable.
Official website here: www.igiftfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Independent Charitable Gift Fund has received a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization scored 92% overall, based solely on its accountability and finance metrics, which highlights its commitment to transparency and effective financial management.
Significant strengths noted include a perfect score in multiple areas, such as its financial statements, conflict of interest policies, and absence of any material diversion of assets. The organization maintains an impressive program expense ratio of 95.70%, demonstrating that a substantial portion of its funds directly supports its charitable activities, alongside a fundraising efficiency ratio of $0.00 which reflects a lack of fundraising costs.
While the data indicates a robust financial standing, potential donors might consider the lack of broader performance metrics, as the rating is based exclusively on accountability and finance. Overall, The Independent Charitable Gift Fund exemplifies a responsible and efficient nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Independent Charitable Gift Fund legitimate?
The Independent Charitable Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Independent Charitable 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: $237,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,009
For more financial information, click here
Official website here: www.igiftfund.org
What is the mission statement of The Independent Charitable Gift Fund?
The Independent Charitable Gift Fund inspires Americans to establish their philanthropic legacy by offering donor-advised fund solutions. Through this service, individuals and their trusted advisors can create, preserve, and pass on their charitable giving. The fund's mission lies in enabling remarkable impact and an enjoyable experience for its clients. The Independent Charitable Gift Fund grants funds to U.S. tax-exempt organizations, thereby furthering their charitable purposes.
Official website here: www.igiftfund.org
Who is the CEO of The Independent Charitable Gift Fund?
Philip Tobin is the Chairman/President of The Independent Charitable Gift Fund. The CEO's salary of The Independent Charitable Gift Fund is $79,200 and their total compensation is $97,206.
Official website here: www.igiftfund.org
What is the revenue of The Independent Charitable Gift Fund?
The Independent Charitable Gift Fund's revenue in 2022 was $138,892,808.
Official website here: www.igiftfund.org
Who are the executives of The Independent Charitable Gift Fund and what are their salaries?
The average compensation at The Independent Charitable Gift Fund during 2022 was $50,564. There are 6 employees and 1 volunteer at The Independent Charitable Gift Fund.
Here are 7 key members and their salaries (The Independent Charitable Gift Fund's CEO's salary is $79,200 and their total compensation is $97,206):
- Compensation: $0
- Related: $0
- Other: $4,007
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,200
- Related: $0
- Other: $18,006
- Compensation: $89,417
- Related: $0
- Other: $9,882
- Compensation: $35,950
- Related: $0
- Other: $914
Official website here: www.igiftfund.org
Where can I find the form 990 for The Independent Charitable Gift Fund?
The Independent Charitable Gift Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.igiftfund.org
Learn more at the official website: www.igiftfund.org
Mission Statement of The Independent Charitable Gift Fund
The Independent Charitable Gift Fund, or IGIFTFUND, is a philanthropic organization that motivates Americans to establish their legacy through donor-advised funds. By inspiring and enabling individuals and their trusted advisors, IGIFTFUND offers solutions that allow donors to create, preserve, and pass on their charitable legacy. The experience is designed to be enjoyable and the impact truly significant.
IGIFTFUND grants funds to tax-exempt charitable organizations in the United States, aligning with their charitable purposes. Through this approach, IGIFTFUND empowers donors to make a difference in causes they care about, while also experiencing the joy and fulfillment that comes from giving. The organization's mission goes beyond just financial contributions, as it aspires to create a meaningful and lasting impact on the communities served by the charitable organizations.
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Impact
October, 2024
The Independent Charitable Gift Fund plays a vital role in inspiring and enabling Americans to create, preserve, and pass on their philanthropic legacies through donor advised funds. By facilitating grants to U.S. charitable tax-exempt organizations, this initiative significantly enhances the capacity of these organizations to further their charitable missions.
Located in Hudson, Ohio, the fund supports a culture of giving by working closely with individuals and their trusted advisors, making the process of philanthropy both impactful and enjoyable. The remarkable outcomes achieved through their donor advised fund solutions foster a lasting legacy, allowing philanthropic contributions to make a meaningful difference in various communities and sectors across the country. This mission not only promotes individual charitable goals but also strengthens the overall landscape of philanthropy in America.
This information is meant to be a general summary of The Independent Charitable 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 2022.
- Investment Income: $5,593,062
- Gross Receipts: $138,892,808
Assets and Liabilities:
- Total Assets: $282,957,094
- Total Liabilities: $31,719
- Net Assets: $282,925,375
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Organization Details
Founding Year
2016
Phone
(330) 400-2768Principal Officer
Philip Tobin
Main Address
110 W STREETSBORO ST 2A, HUDSON, OH, 44236
Website
www.igiftfund.orgNTEE Category
Code: T30 - Philanthropy
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