IGiftFund
Legal name: The Independent Charitable Gift Fund
Nonprofit profile at a glance
- EIN
- 812576201
- IRS 990 coverage
- 2017–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025, Form 990-N 2021
- Location
- Hudson, OH, US
- Phone
- 800.810.0366
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $382,823,730
- Expenses
- $90,236,530
- Assets
- $922,118,482
- Liabilities
- $58,826
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- WILLIAM A PAYNE (PRESIDENT/CEO)
- AMY POWERS (VICE PRESIDENT OF FINANCE)
Highest reported compensation
- WILLIAM A PAYNE (PRESIDENT/CEO): $285,254 total reported compensation
- SHEILAH VILLANUEVA (EVP/COO): $200,574 total reported compensation
- SUSAN FIGLER (CHIEF DEVELOPMENT OFFICER): $123,088 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
IGiftFund (Independent Charitable Gift Fund) is an IRS-recognized 501 (c)(3) public charity. We serve individuals, families, companies, and foundations who value flexibility and true independence.
What it reported doing in 2025
Igiftfund makes grants to u.s. Charitable tax-exempt organizations to further the charitable purposes of the 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 99% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 57
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 91
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27.2%; rating input score 27
- Program expense ratio: 95.3%; rating input score 95
- Fundraising efficiency: $620.6 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 18th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 91.9%; rating input score 92; 31st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 76.4%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 10.22; 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: 0.8%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 36.4% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 34.4% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 36.8% per year; rating input score 100; 98th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 27.2% of revenue deployed · 95.3% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $86M in reported program spending
- Leadership: top reported pay $285K · 14 people listed · 1 of 6 pay-setting controls reported
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Money network: 1967 filed money-flow records
- Related organizations: 1962 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 27/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.