National Gift Annuity Foundation

Analysis

National Gift Annuity Foundation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in February 1989, 37 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Gift Annuity Foundation reported income of $21.0m and spending of $716k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $21.0m (+819%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 327%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, National Gift Annuity Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include World of Giving Inc ($20.9m), Community Foundation of Herkimer and Oneida Counties Inc ($21.2m) and International Community Foundation ($20.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $54.9m against liabilities of $39.5m, net assets of $15.4m.