Fund for Charitable Giving

Analysis

Fund for Charitable Giving is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fund for Charitable Giving reported income of $48.6m and spending of $27.6m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.1m to $48.6m (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 258%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for Charitable Giving sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include James Whitcomb Riley Memorial Association ($48.2m), Jewish Federation of Greater Pittsburgh ($48.7m) and Dallas Jewish Community Foundation ($48.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $620k (2.2% of expenses). At year end it held assets of $126.9m against liabilities of $24k, net assets of $126.8m.