Nonprofit · EIN 51-6506426
AMERICAN GIFT FUND
Tax-exempt · WILMINGTON, DE 19850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $166,326,352 | $115,867,890 | $50,458,462 | $642,561,389 | $3,805,854 | $638,755,535 |
| December 31, 2023 | 990 | $155,807,228 | $74,771,291 | $81,035,937 | $560,093,449 | $2,005,938 | $558,087,511 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $123,822,384
- Program service revenue
- $0
- Investment income
- $42,339,681
- Net gain from sales of assets
- $25,964,752
- Other revenue
- $164,287
Expenses
- Grants and similar amounts paid
- $107,490,094
- Compensation of officers, directors and key employees
- $3,620,608
- Salaries, compensation and benefits (total)
- $3,620,608
- Professional fundraising fees
- $0
- Program services (functional)
- $112,440,224
- Management and general (functional)
- $3,427,666
Balance sheet and other
- Total assets, start of year
- $560,093,449
- Total assets, end of year
- $642,561,389
- Total liabilities, end of year
- $3,805,854
- Net assets, end of year
- $638,755,535
- Publicly traded securities
- $588,053,231
- Net assets without donor restrictions
- $638,755,535
- Gross receipts
- $495,139,013
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- DE
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 | Other / benefits |
|---|---|---|---|---|
| RBC TRUST COMPANY (DELAWARE) LTD | TRUSTEE Institutional trustee | 40 | $0 | $3,620,608 |
| L PAUL DORSEY | CHAIRMAN Trustee or director | 10 | $60,000 | $0 |
| LYMAN AMSDEN | DIRECTOR Trustee or director | 4 | $30,000 | $0 |
| H LEE CHENEY | DIRECTOR Trustee or director | 4 | $30,000 | $0 |
| RANEE TRUMAN-FISHER | SECRETARY Officer | 40 | $0 | $0 |
| SANDRA KANANEN | ASSISTANT SECRETARY Officer | 40 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RBC TRUST COMPANY (DELAWARE) LTD | TRUSTEE Institutional trustee | 40 | $0 | $3,058,808 |
| PAUL DORSEY | CHAIRMAN Trustee or director | 4 | $60,000 | $0 |
| LYMAN AMSDEN | DIRECTOR Trustee or director | 1 | $30,000 | $0 |
| H LEES DORSEY | DIRECTOR Trustee or director | 1 | $30,000 | $0 |
| RANEE TRUMAN-FISHER | SECRETARY Officer | 40 | $0 | $0 |
| SANDRA KANANEN | ASSISTANT SECRETARY Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15627, WILMINGTON, DE 19850-5627
- In care of
- % AMERICAN GUARANTY & TRUST COMPANY
- Principal officer (990 for 2024)
- JEFF SALVO, PO BOX 15627, WILMINGTON, DE 19850
- Signed the 990
- JEFF SALVO, PRINCIPAL MANAGEMENT OFFICER
- Phone
- (800) 441-7698
- Website
- WWW.GIFTFUND.ORG
- Return prepared by
- KPMG LLP
Mission
TO INSPIRE GENEROSITY ACROSS AMERICA AND PROVIDE MEANINGFUL CHARITABLE SERVICES FOR DONORS TO GIVE EFFICIENTLY, PURPOSEFULLY AND WITH IMPACT, WHILE SUPPORTING OUR COMMUNITIES IN PROSPERITY.
Program accomplishments
- PROVIDING GRANTS TO ELIGIBLE CHARITIES BASED ON DONOR RECOMMENDATIONS.Expenses $112,440,224 · grants $107,490,094
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
- 51-6506426
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T700)
- Assets (IRS master file)
- $642,561,389
- Income (IRS master file)
- $495,139,013
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $166,326,352 | $115,867,890 | $642,561,389 | XML |
| 990 | December 2023 | $155,807,228 | $74,771,291 | $560,093,449 | XML |
| 990 | December 2022 | $117,606,182 | $69,873,862 | $434,171,024 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 51-6506426).
Questions about AMERICAN GIFT FUND
- What is the EIN of AMERICAN GIFT FUND?
- The employer identification number (EIN) of AMERICAN GIFT FUND is 51-6506426.
- Is AMERICAN GIFT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to AMERICAN GIFT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN GIFT FUND 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 AMERICAN GIFT FUND 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 AMERICAN GIFT FUND 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 AMERICAN GIFT FUND?
- The 990 for the year ended December 31, 2024 names JEFF SALVO.
- Who are the officers and directors of AMERICAN GIFT FUND?
- The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization.
- How much revenue does AMERICAN GIFT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $166,326,352, expenses of $115,867,890 and total assets of $642,561,389 at year end.
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