American Gift Fund

Wilmington, DE
Tax-exempt since May 1998
EIN: 51-6506426

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising Organizations That Cross Categories (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Operated a donor-advised fund

Organization maintained a donor-advised fund or similar account through which donors could direct the distribution or investment of funds. Details are reported on Schedule D.

Revenue

$118M (2022)

Expenses

$69.9M (2022)

Total Assets

$434M (2022)

Total Liabilities

$2.97M (2022)

Years with missing data

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$117,606,182

Expenses

$69,873,862

Net Income

$47,732,320

Net Assets

$431,199,704

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$114,969,502	97.8%
Program Services	$0
Investment Income	$8,686,897	7.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$6,116,205
Net Inventory Sales	$0
Other Revenue	$65,988	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,780,907	4.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$434,171,024
Total Liabilities	$2,971,320
Net Assets	$431,199,704

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Dorsey (Chairman)	$60,000	$0	$0
Lyman Amsden (Director)	$30,000	$0	$0
H Lee Cheney (Director)	$30,000	$0	$0
Rbc Trust Company (Delaware) Ltd (Trustee)	$0	$0	$2,353,886
Ranee Truman Fisher (Secretary)	$0	$0	$0
Sandra Kananen (Assistant Secretary)	$0	$0	$0

+ View more people

990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$191,491,973

Expenses

$63,851,628

Net Income

$127,640,345

Net Assets

$439,171,434

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$162,139,202	84.7%
Program Services	$0
Investment Income	$6,211,433	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$23,087,041	12.1%
Net Inventory Sales	$0
Other Revenue	$54,297	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,255,750	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$439,949,657
Total Liabilities	$778,223
Net Assets	$439,171,434

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Dorsey (Chairman)	$60,000	$0	$60,000
Lyman Amsden (Director)	$30,000	$0	$30,000
H Lee Cheney (Director)	$30,000	$0	$30,000
Rbc Trust Company (Delaware) Ltd (Trustee)	$0	$0	$1,835,453
Ranee Truman Fisher (Secretary (From 4/27/21))	$0	$0	$0
Sandra Kananen (Assistant Secretary)	$0	$0	$0
Jeff Salvo (Secretary (Ending 4/27/21))	$0	$0	$0

+ View more people

990

Filed on Nov. 15, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$85,115,601

Expenses

$43,023,473

Net Income

$42,092,128

Net Assets

$296,992,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$62,436,833	73.4%
Program Services	$0
Investment Income	$5,256,143	6.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,322,052	20.4%
Net Inventory Sales	$0
Other Revenue	$100,573	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,673,033	3.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$298,280,890
Total Liabilities	$1,288,795
Net Assets	$296,992,095

Operated a donor-advised fund

Compensation

Key Employees and Officers	Compensation	Related	Other
Pual Dorsey (Chairman)	$35,000	$0	$0
Lyman Amsden (Director)	$20,000	$0	$0
H Lee Cheney (Director)	$5,000	$0	$0
Michael Appley (Director)	$0	$0	$0
Rbc Trust Company (Delaware) (Trustee)	$0	$0	$1,565,943
Jeff Salvo (Secretary)	$0	$0	$0
David Sutton (Accountant)	$0	$0	$0

+ View more people

990

Filed on Nov. 16, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$116,777,488

Expenses

$46,586,579

Net Income

$70,190,909

Net Assets

$238,807,638

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$106,303,829	91.0%
Program Services	$0
Investment Income	$4,879,078	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,552,608	4.8%
Net Inventory Sales	$0
Other Revenue	$41,973	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,453,357	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$239,616,360
Total Liabilities	$808,722
Net Assets	$238,807,638

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$66,751,524

Expenses

$25,224,888

Net Income

$41,526,636

Net Assets

$169,779,755

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$59,883,554	89.7%
Program Services	$0
Investment Income	$3,074,509	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$3,713,657	5.6%
Net Inventory Sales	$0
Other Revenue	$79,804	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,125,752	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$171,670,908
Total Liabilities	$1,891,153
Net Assets	$169,779,755

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$40,550,719

Expenses

$15,503,865

Net Income

$25,046,854

Net Assets

$67,940,579

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$39,595,127	97.6%
Program Services	$0
Investment Income	$837,488	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$143,537
Net Inventory Sales	$0
Other Revenue	$261,641	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$533,247	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$69,048,718
Total Liabilities	$1,108,139
Net Assets	$67,940,579

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$15,121,762

Expenses

$51,289,370

Net Income

-$36,167,608

Net Assets

$42,893,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,208,939	87.4%
Program Services	$0
Investment Income	$733,905	4.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,040,330	6.9%
Net Inventory Sales	$0
Other Revenue	$138,588	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$525,995	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$43,622,805
Total Liabilities	$729,080
Net Assets	$42,893,725

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$22,791,391

Expenses

$5,560,135

Net Income

$17,231,256

Net Assets

$79,061,133

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$21,367,392	93.8%
Program Services	$0
Investment Income	$1,033,601	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$280,424	1.2%
Net Inventory Sales	$0
Other Revenue	$109,974	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$531,665	9.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$80,065,920
Total Liabilities	$1,004,787
Net Assets	$79,061,133

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$10,239,963

Expenses

$7,414,116

Net Income

$2,825,847

Net Assets

$61,829,877

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,859,384	76.8%
Program Services	$0
Investment Income	$1,928,628	18.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$335,355	3.3%
Net Inventory Sales	$0
Other Revenue	$116,596	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$498,279	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$64,017,145
Total Liabilities	$2,187,268
Net Assets	$61,829,877

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$6,578,410

Expenses

$5,922,443

Net Income

$655,967

Net Assets

$59,202,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,639,734	70.5%
Program Services	$0
Investment Income	$1,661,175	25.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$194,007	2.9%
Net Inventory Sales	$0
Other Revenue	$83,494	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$384,499	6.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$60,787,962
Total Liabilities	$1,585,037
Net Assets	$59,202,925

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$43,896,604

Expenses

$4,000,881

Net Income

$39,895,723

Net Assets

$59,005,220

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$42,422,395	96.6%
Program Services	$0
Investment Income	$650,730	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$823,479	1.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$269,174	6.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$60,213,252
Total Liabilities	$1,208,032
Net Assets	$59,005,220

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Revenue

$4,697,203

Expenses

$2,036,938

Net Income

$2,660,265

Net Assets

$19,095,857

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,956,151	84.2%
Program Services	$0
Investment Income	$714,276	15.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$26,776	0.6%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,000	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$20,341,244
Total Liabilities	$1,245,387
Net Assets	$19,095,857

990

Primary tax return for a nonprofit’s activities, finances, and governance

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

American Gift Fund

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $118M (2022)

Expenses $69.9M (2022)

Total Assets $434M (2022)

Total Liabilities $2.97M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

Revenue

$118M (2022)

Expenses

$69.9M (2022)

Total Assets

$434M (2022)

Total Liabilities

$2.97M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001