GS Donor Advised Philanthropy Fund for Wealth Management Inc

Analysis

GS Donor Advised Philanthropy Fund for Wealth Management Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 2022, GS Donor Advised Philanthropy Fund for Wealth Management Inc reported income of $1.94bn and spending of $1.83bn, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.76bn to $1.94bn (-49%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GS Donor Advised Philanthropy Fund for Wealth Management Inc 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 NY. Charities of a similar size with the same main cause include American Online Giving Foundation Inc ($1.76bn), National Christian Charitable Foundation ($2.44bn) and Silicon Valley Community Foundation ($1.60bn).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% of the total. At year end it held assets of $7.53bn against liabilities of $49.1m, net assets of $7.48bn.