Raymond James Charitable Endowment Fund

Nonprofit profile at a glance

EIN
593652538
IRS 990 coverage
2012–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
St. Petersburg, FL, United States
Phone
727.567.7221
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Public Foundations

Official website

Reported finances

Revenue
$955,087,502
Expenses
$478,079,648
Assets
$2,370,530,074
Liabilities
$10,213,386

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • NICOLE HISLER (PRESIDENT (AS OF 04/23/24))

Highest reported compensation

  • ELIZABETH BRADY (TRUSTEE): $18,000 total reported compensation
  • JEFFREY GALLAGHER (TRUSTEE): $18,000 total reported compensation
  • LAUREN NICOLE JOHNSON (TRUSTEE): $16,500 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Raymond James Charitable — a public charity — was established in 2000 with the mission of providing simple and effective giving solutions for individuals like yourself. For nearly 25 years, Raymond James Charitable has made that vision a reality, supporting charities with more than $450 million in grants through four programs. Whether you’re looking to support the organizations you care most about, share your values of stewardship with your family or explore tax efficient strategies, our team is here to help you identify the approaches that best align with your goals and situation. Our Board of Trustees Scott-Zebra-Headshot.jpg.

What it reported doing in 2024

The rjcef operates donor-advised funds as the core of its charitable operations. During the current fiscal year, the number of donor advised funds increased to 11,262. The rjcef board of trustees launched its grant initiative program during the period, accepting applications and supporting a variety of organizations from its general funds in addition to grants distributed from donor advised funds. The rjcef made grants to different 501(c)(3) public charities during the fiscal year. Total grant expense paid or accrued amounted to $462,100,088. The grants were made to u.s. IRS approved, tax-exempt organizations in the following broad categories: 27% faith based organizations, 19% education and school organizations, 17% social services organizations, 1% various other public charitable organizations, 8% medicine and science organizations, 7% arts, culture and museum organizations, 17% foundation organizations, and 4% environment and animal organizations.

Operating model

Revenue model
Donor-supported. 90% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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 the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 78
  • Accountability: 95
  • Sustainability: 93
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.8%; rating input score 56
  • Program expense ratio: 97.8%; rating input score 98
  • Fundraising efficiency: $3,883.34 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

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: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 93.2%; rating input score 93; 25th 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 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 49.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 4.96; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 95; 95th percentile among comparable filings

Growth

  • Program expense growth: 21.2% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 19.3% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: 18.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 55.8% of revenue deployed · 97.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $467.5M in reported program spending
  • Leadership: top reported pay $18K · 7 people listed
  • Highest-paid contractors: 2 contractors listed · $14.7M reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and related organizations
  • Filing history: 13 filing years from 2012 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 56/100.
  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.