Nonprofit · EIN 47-4172718
GIVINGA FOUNDATION INC
Tax-exempt · WELLESLEY, MA 02481
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $13,144,583 | $12,679,753 | $464,830 | $2,917,533 | $1,959,379 | $958,154 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,040,889
- Program service revenue
- $0
- Investment income
- $9,969
- Net gain from sales of assets
- $9,968
- Other revenue
- $93,725
Expenses
- Grants and similar amounts paid
- $11,091,205
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $6,462
- Legal fees
- $11,913
- Accounting fees
- $35,980
- Program services (functional)
- $12,298,839
- Management and general (functional)
- $374,452
- Fundraising (functional)
- $6,462
Balance sheet and other
- Total assets, start of year
- $2,336,575
- Total assets, end of year
- $2,917,533
- Total liabilities, end of year
- $1,959,379
- Net assets, end of year
- $958,154
- Publicly traded securities
- $890,833
- Net assets without donor restrictions
- $958,154
- Gross receipts
- $14,053,445
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIS O'BRIEN | EXECUTIVE DIRECTOR/DIRECTO Trustee or director, Officer | 20 | $24,000 |
| JOSEPH PHOENIX | PRESIDENT/DIRECTOR/TREASURER Trustee or director, Officer | 1 | $0 |
| SCOT BILLINGTON | DIRECTOR Trustee or director | 1 | $0 |
| DR LAURA GERMINE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 396 WASHINGTON STREET 307, WELLESLEY, MA 02481-6209
- Mailing address (990-N for 2017)
- 62 Glen Road, Wellesley Hills MA 02481
- Principal officer (990 for 2024)
- JOSEPH PHOENIX, 396 WASHINGTON STREET 307, WELLESLEY, MA 02481
- Principal officer (990-N for 2017)
- joseph Phoenix, 70 HIGH LEDGE AVENUE, WELLESLEY MA 02482
- Signed the 990
- JOSEPH PHOENIX, PRESIDENT
- Phone
- (339) 200-9064
- Website
- www.infinitybenefit.org
- Return prepared by
- NISIVOCCIA LLP
Mission
OUR MISSION IS TO EMPOWER DONORS OF ALL SIZES THROUGH A TRANSPARENT AND ACCOUNTABLE PUBLIC CHARITY PLATFORM THAT PROVIDES ACCESS TO WORLD CLASS GIVING ACCOUNTS AND PROMOTES ACTIVE AND CONSISTENT GIVING.
Program accomplishments
- THE GIVINGA FOUNDATION FULFILLS OUR MISSION TO MAKE PHILANTHROPY ACCESSIBLE TO EVERYONE IN FIVE PRINCIPAL WAYS: 1. WE ARE AN INDEPENDENT 501(3) PUBLIC CHARITY WE RECEIVE A SUBSTANTIAL PERCENTAGE OF OUR DONATIONS FROM THE PUBLIC AND THAT SUPPORT COMES FROM A BROAD AND DIVERSE NUMBER OF INDIVIDUALS, FAMILIES AND COMPANIES. WE ARE NOT AN "AFFILIATED NON-PROFIT ENTITY" OF A LARGER FINANCIAL INSTITUTION. WE DON'T SUPPORT A SPECIFIC COMMUNITY, GEOGRAPHY OR RELIGIOUS ORGANIZATION. INSTEAD, THE GIVINGA FOUNDATION IS A SPONSORING ORGANIZATION BUILT AND DESIGNED TO SUPPORT THE CHARITABLE GIVING ACTIVITIES OF ALL ITS INDIVIDUAL ACCOUNT HOLDERS EQUALLY. 2. WE BELIEVE DONOR ADVISED FUNDS SHOULD BE ACCESSIBLE TO ALL AND WE HAVE BUILT A PLATFORM THAT REMOVES HIGH MINIMUMS REQUIRED TO OPEN AN ACCOUNT, HIGH MINIMUM GRANT REQUIREMENTS AND ASSET UNDER MANAGEMENT FEES THAT PROMOTE ACCUMULATION VERSUS GIVING ACTIVITIES TO GIVE SMALL AND MID-SIZED PHILANTHROPISTS A PLATFORM TO ORGANIZE THEIR GIVING STRATEGIES. WE BELIEVE THAT THE DAF IS ONE OF THE MOST EFFICIENT AND EFFECTIVE GIVING VEHICLES IN THE MARKET TODAY AND HAVE CREATED A PLATFORM THAT IS ACCESSIBLE TO DONORS OF ANY SIZE. WHAT THIS MEANS IS THAT ANYONE CAN CREATE AN ACCOUNT WITH THE GIVINGA FOUNDATION AND HAVE ACCESS TO ALL OF THE TOOLS NECESSARY TO MAXIMIZE THEIR IMPACT 3. WE FACILITATE AMPLIFIED GIVING. TECHNOLOGY HAS IMPROVED MANY ASPECTS OF OUR DAILY LIVES AND WE BELIEVE THAT IT CAN DO THE SAME FOR GIVING. OUR PARTNERSHIP WITH GIVINGA, INC. ALLOWS THE FOUNDATION TO PROVIDE OUR ACCOUNT HOLDERS WITH UNPRECEDENTED ACCESS TO POOLS OF GIVING CAPITAL AS WELL AS THE ABILITY TO CONNECT WITH OTHER PHILANTHROPISTS THAT SHARE THEIR PASSION. OUR CAMPAIGN PLATFORM ALLOWS ANYONE WITH AN ACCOUNT TO CREATE A CAUSE-SPECIFIC CAMPAIGNS AND SHARE WITH THEIR FRIENDS, FAMILYAND SOCIAL NETWORKS. ACCOUNT HOLDERS CREATE AND GIVING, INC. PROVIDES REPORTING, AND=MINISTRATION AND TAX RECEIPTING. IN ADDITION, OUR ACCOUNT HOLDERS HAVE ACCESS TO MULTIPLE POOLS OF ADDITIONAL CAPITAL (WE CALL THESE POOLS AMPLIFIERS) TO INCREASE THE TOTAL IMPACT OF THE GRANT.4. WE FOLLOW AN "ASSETS IN MOTION" PHILOSOPHY THE GIVINGA FOUNDATION HAS CREATED A REVOLUTIONARY SPONSORING ORGANIZATION THAT ALIGNS ALL PARTIES AROUND GRANTING VERSUS ACCUMULATING ASSETS. DONOR ADVISED FUNDS PROVIDE UNPRECEDENTED FLEXIBILITY TO ACCOUNT HOLDERS AND ARE NOT SUBJECT TO EXCISE TAXES, PAYOUT RULES OR DISCLOSURE REQUIREMENTS. THE GF PLATFORM HAS BEEN DEVELOPED TO MAXIMIZE ACCOUNT HOLDER IMPACT AND IS STRUCTURED AND PRICED AROUND ACTIVE GRANT MAKING. IN PARTNERSHIP WITH OUR ADMINISTRATIVE PROVIDER GIVINGA, INC. WE HAVE CREATED THE FIRST ZERO FEE STRUCTURE IN THE UNITED STATES. WE CHARGE NO START-UP FEE, NO FEES BASED ON ASSETS UNDER MANAGEMENT AND NO FEES ON ACCOUNT HOLDER ASSETS GRANTED DIRECTLY TO CHARITY. IN ADDITION, WE ADHERE TO A "BREAKEVEN" MODEL OF ADMINISTRATION, DIRECTING ALL ANNUAL EXCESS REVENUES BACK IN DIRECT SUPPORT OF OUR ACCOUNT HOLDERS.Expenses $12,298,839 · grants $11,091,205
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4172718
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $2,917,533
- Income (IRS master file)
- $14,053,445
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $18,779,918 | $20,160,993 | $2,336,575 | IRS |
| 990 | December 2022 | $34,461,768 | $33,955,596 | $5,243,806 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: joseph Phoenix | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about GIVINGA FOUNDATION INC
- What is the EIN of GIVINGA FOUNDATION INC?
- The employer identification number (EIN) of GIVINGA FOUNDATION INC is 47-4172718.
- Is GIVINGA FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GIVINGA FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIVINGA FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GIVINGA FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIVINGA FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GIVINGA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names JOSEPH PHOENIX.
- Who are the officers and directors of GIVINGA FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $24,000 (WILLIS O'BRIEN, EXECUTIVE DIRECTOR/DIRECTO).
- How much revenue does GIVINGA FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $13,144,583, expenses of $12,679,753 and total assets of $2,917,533 at year end.
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