TIAA Charitable

Legal name: Tiaa Charitable Inc

Nonprofit profile at a glance

EIN
472199684
IRS 990 coverage
2018–2020
Official website data refreshed
Sep 2026
Forms available
Form 990 2020, Form 990-N 2014
Location
Indianapolis, IN, US
Phone
(800) 918-3650
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Public Foundations

Official website

Reported finances

Revenue
$26,236,154
Expenses
$170,565,696
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • CHRIS CARNAL (PRES/CEO/CHAIR (UNTIL 2/28/21))
  • HELINE BEACH (VICE PRESIDENT)
  • CHRISTOPHER BARAKS (VICE PRESIDENT, TAX)
  • JACOBY DAMION (VICE PRESIDENT, TAX)

People named in this filing

  • DOUGLAS A ROTHERMICH (DIRECTOR)
  • HARRY KLARISTENFELD (DIRECTOR)
  • ROSALIE J WOLF (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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

TIAA Charitable Inc. was a donor-advised fund sponsor that provided individuals with a convenient way to manage their charitable giving. Its mission was to support clients' philanthropic values by offering Giving Fund accounts that allowed donors to make contributions and recommend grants to favorite charities.

What it reported doing in 2020

Tiaa charitable seeks to facilitate, support and increase charitable activities by acting as a sponsoring organization of donor advised funds and by making grants to qualified charities.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 88
  • Accountability: 94
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 92.2%; rating input score 92; 22nd 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; 67th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: -550.1%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 97; 97th percentile among comparable filings

Growth

  • Program expense growth: 101.5% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -30.4% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -61.3% per year; rating input score 0; 0th 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: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $170.4M in reported program spending
  • Leadership: top reported pay $0 · 22 people listed
  • Highest-paid contractors: 2 contractors listed · $1.3M reported
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2018 to 2020
  • Contacts: How to reach this organization
  • Money network: 343 filed money-flow records
  • Related organizations: 327 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.