The Fund for Charitable Giving

Overview

Mission

The PNC Financial Services Group, Inc. ("PNC") uses the marketing names PNC Private Bank®, PNC Private Bank Hawthorn®, and Hawthorn Institute for Family Success® to provide investment consulting and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds to individual clients through PNC Bank, National Association ("PNC Bank"), which is a Member FDIC, and to provide specific fiduciary and agency services through PNC Delaware Trust Company or PNC Ohio Trust Company. PNC uses the marketing name PNC Institutional Asset Management® for the various discretionary and non-discretionary institutional investment, trustee, custody, consulting, and relate.

What it reported doing in 2024

The fund for charitable giving (the fund) is a tax-exempt public charity that has been organized to support charitable organizations nationwide. Donors can contribute to it at any time and may qualify for a tax deduction that year. Donors can also recommend grants or distributions from the fund to charitable organizations at some future time.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
043296043
IRS 990 coverage
2016–2024
Website reviewed
Jun 2026
Forms available
Form 990 2024
Headquarters
Pittsburgh, PA, USA
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public, Societal Benefit

Official website

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The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The website gives limited detail about important organizational relationships and the filing reports that some governance safeguards are missing.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 72
  • Accountability: 79
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62%; rating input score 62
  • Program expense ratio: 97.1%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited
  • Public monitoring controls: 0 of 8 controls in place; rating input score 0
  • Public policy transparency: 0 of 7 controls in place; rating input score 0
  • Public financial transparency: 0 of 5 controls in place; rating input score 0
  • Impact reporting controls: 0 of 7 controls in place; rating input score 0
  • Public relationship transparency: No; rating input score 0

Accountability

  • Independent voting board: 90%; rating input score 90; 36th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 86
  • Public governance controls: 0 of 4 controls in place; rating input score 0
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: 41.8%; rating input score 95; 95th percentile among comparable filings
  • Operating reserve ratio: 4.85; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 14.4% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 17.3% per year; rating input score 100; 90th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 62% of revenue deployed · 97.1% of spending went to programs
  • Governance: 9 of 10 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $31.1M in reported program spending
  • Leadership: top reported pay $879K · 10 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 annual filings from 2016 to 2024
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.