GS Donor Advised Philanthropy Fund for Wealth Management
Legal name: Gs Donor Advised Philanthropy Fund for Wealth Management Inc
Nonprofit profile at a glance
- EIN
- 311774905
- IRS 990 coverage
- 2017–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Cohoes, NY, United States
- Phone
- +1(800) 787-3000
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $6,592,899,306
- Expenses
- $3,113,313,637
- Assets
- $12,737,589,000
- Liabilities
- $63,906,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- KAREY D DYE (PRESIDENT)
- DONALD IRONS (VICE PRESIDENT)
- MARIAM KAMSHAD (VICE PRESIDENT)
- MICHAEL WODA (VICE PRESIDENT)
- BRIAN DESILVA (VICE PRESIDENT)
- STEPHANIE JAQUEZ (VICE PRESIDENT)
People named in this filing
- ESTA STECHER (DIRECTOR-CHAIR)
- ROBERT KATZ (DIRECTOR)
- MEGAN TAYLOR (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The information contained herein is provided as an accommodation to you. The overall content of the site is based on information included in our records as well as information received from you and third parties. We do not represent that such information is accurate or complete and it should not be relied on as such. Prices shown in the material do not necessarily reflect realizable values. In the event of any discrepancy between the information contained herein and the information contained in your quarterly account statements, the latter shall govern. Please immediately notify your Goldman Sachs Advisor of any discrepancies. GS Donor Advised Philanthropy Fund for Wealth Management (“GS DAF.
What it reported doing in 2024
The gs donor advised philanthropy fund for wealth management ("gs daf") accomplishes its charitable purposes by receiving charitable contributions and making grants exclusively for religious, charitable, scientific, literary, or educational purposes, primarily to organizations described in section 170(b)(1)(a) of the internal revenue code of 1986 as amended (the "code"). The organization operates as a "sponsoring organization" within the meaning of code section 4966 and maintains donor advised funds. For the year ended december 31, 2024, the organization made approximately 29,254 grants totaling approximately $3,072,946,000 to charitable organizations.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- 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.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 92
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.7%; rating input score 53
- Program expense ratio: 99.1%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 99.6%; rating input score 100; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 52.8%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 4.09; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 96; 96th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 15.5% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 17.3% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 68th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 52.7% of revenue deployed · 99.1% of spending went to programs
- Governance: 9 of 9 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $3.1B in reported program spending
- Leadership: top reported pay $0 · 21 people listed
- Highest-paid contractors: 5 contractors listed · $26.8M reported
- Consistency: 28 of 29 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 7 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 53/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.