Independent Charitable Gift Fund
110 W Streetsboro St Ste 2a, Hudson, OH · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $382,823,730 | $90,236,530 | $922,059,656 |
| FY2024 | $198,305,368 | $70,743,867 | $575,389,942 |
| FY2023 | $157,167,974 | $53,665,266 | $418,141,385 |
| FY2022 | $138,892,808 | $33,321,037 | $282,925,375 |
| FY2021 | $150,370,213 | $21,136,870 | $203,413,008 |
| FY2020 | $37,782,060 | $6,100,964 | $68,407,541 |
| FY2019 | $29,453,315 | $2,807,815 | $33,811,439 |
| FY2018 | $6,343,865 | $538,114 | $5,769,884 |
| FY2017 | $1,657,923 | $353,726 | $1,340,438 |
Form 990 filings
The returns filed by Independent Charitable Gift Fund (EIN 81-2576201), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $359,569,267 | 94% |
| Program service revenue | $0 | 0% |
| Other revenue | $23,254,463 | 6% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $86,012,051 | 95% |
| Management & general | $3,645,092 | 4% |
| Fundraising | $579,387 | 1% |
What the numbers show
- Contributions & grants made up 94% of total revenue in FY2025.
- Program services accounted for 95% of functional expenses, management & general 4%, and fundraising 1%.
- 95% of functional expenses went to program services in FY2025. That is higher than 80% of 60 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Net assets covered about 122.6 months of expenses at the end of the reporting year. That puts it in the 50th percentile among 2079 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Total revenue was the highest among 2145 Philanthropy, Voluntarism & Grantmaking Foundations organizations in OH.
- Total revenue rose from $1,657,923 in FY2017 to $382,823,730 in FY2025. Revenue increased in 7 and decreased in 1 of 8 year-over-year comparisons.
- Revenue covered expenses in each of the 9 reported years, FY2017 to FY2025.
- Net assets grew from $1,340,438 to $922,059,656 between FY2017 and FY2025.
- Contributions and grants made up 100% of revenue in FY2017 and 94% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO ENCOURAGE PHILANTHROPY AND INSPIRE AMERICANS TO CREATE THEIR LEGACY THROUGH DONOR ADVISED FUNDS.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | T30 — Philanthropy, Voluntarism & Grantmaking Foundations (in OH) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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