Vanguard Charitable Endowment Program

Analysis

Vanguard Charitable Endowment Program is a registered charity in United States, based in Malvern, PA. It received its IRS tax-exemption ruling in December 1997, 29 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 June 2023, Vanguard Charitable Endowment Program reported income of $4.58bn and spending of $2.14bn, leaving 53% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.19bn to $4.58bn (+109%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vanguard Charitable Endowment Program sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within PA. Charities of a similar size with the same main cause include A D F Community Outreach Foundation Inc ($2.69bn), Donor Advised Charitable Giving ($7.65bn) and National Christian Charitable Foundation ($2.44bn).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $2.1m (0.1% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $17.01bn against liabilities of $38.2m, net assets of $16.98bn. It reported 129 employees.