Vanguard Charitable Endowment Program
TO INCREASE PHILANTHROPY AND MAXIMIZE ITS IMPACT OVER TIME.
IRS Tax Year 2023
Period ending June 30, 2024
Total Revenue
$6.4B
Total Expenses
$3.1B
Net Assets
$22.1B
Employees
119
Grants Paid
$3.1B
Program Expense Ratio
99.7%
Fundraising Efficiency
153405.3%
This nonprofit profile presents IRS Form 990 tax filing data for Vanguard Charitable Endowment Program (EIN: 23-2888152), based on the 2023 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Vanguard Charitable Endowment Program is a 501(c)(3) nonprofit headquartered in SOUTHEASTERN, PA, founded in 1997. The organization has held tax-exempt status since 1997. In its 2023 filing, the organization reported $6.4B in total revenue, a 40.1% increase from the prior year, and $3.1B in total expenses. The organization employed 119 people. REBECCA MOFFETT, PRESIDENT, is the highest-compensated individual at $498,196. The organization runs 1 program, totaling $3.1B in program expenses. 6 of 6 recommended governance policies are in place.
Vanguard Charitable Endowment Program is classified under NTEE code T700. Its foundation type is 15.
Programs(Tax Year 2023)
1 record
Vanguard Charitable Endowment Program operates 1 program, with total program expenses of $3.1B. Vanguard Charitable Endowment Program's largest program accounts for 100% of total program spending.
SEE SCHEDULE O
Financial Overview(Tax Years 2020–2023)
4 records
Over the past 4 years, Vanguard Charitable Endowment Program's revenue has grown from $4.9B to $6.4B, a 29.7% increase. Program expenses represent 100% of total spending.
Revenue increased 40.1% year-over-year, while expenses grew 44.6%. net assets rose to $22.1B, up 30.1% from the prior year. the organization reduced headcount by 10 employees.
Vanguard Charitable Endowment Program derives 90% from contributions and grants, with 10% from investment income.
Revenue is primarily driven by contributions and grants (90%), with investment income at 10%.
Vanguard Charitable Endowment Program allocates 100% to programs, 0% to management and general, 0% to fundraising.
Revenue grew by 40.1% and expenses grew by 44.6% year over year.
Vanguard Charitable Endowment Program distributed $3.1B in grants to other organizations and individuals, representing 99% of total expenses.
Over 4 filings from 2020–2023, Vanguard Charitable Endowment Program grew revenue from $4.9B to $6.4B (+29.7%) while maintaining a program expense ratio of 100%. During this period, the organization grew from 106 to 119 employees.
Vanguard Charitable Endowment Program holds $22.2B in total assets against $94.2M in liabilities (debt-to-asset ratio of 0%). The organization has 85.7 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $6.4B | $5.7B | $0 | $0 | $664.0M |
| 2022 | $4.6B | $2.4B | $0 | $0 | $2.2B |
| 2021 | $3.1B | $3.0B | $0 | $0 | $74.1M |
| 2020 | $4.9B | $4.3B | $0 | $0 | $688.3M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $3.1B | $3.1B | $6.4M | $3.7M | $3.1B |
| 2022 | $2.1B | $2.1B | $6.9M | $3.5M | $2.1B |
| 2021 | $1.9B | $1.9B | $7.2M | $3.0M | $1.9B |
| 2020 | $1.9B | $1.9B | $4.6M | $2.5M | $1.8B |
Program Expense Ratio
99.7%
Admin Expense Ratio
0.2%
Fundraising Efficiency
153405.3%
Operating Reserve
85.7 mo
People & Compensation(Tax Year 2023)
18 records
Vanguard Charitable Endowment Program reported compensation for 18 officers and key employees. Total officer compensation was $3.1M, representing 0.1% of total expenses.
Vanguard Charitable Endowment Program's highest-compensated individual received $498K in total compensation. Total officer compensation of $3.1M represents 0.1% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| REBECCA MOFFETT | PRESIDENT | Officer | 40.00 | $423,545 | $0 | $498,196 |
| ANN L GILL | CHIEF PHILANTHROPIC OFFICER | Key Employee | 40.00 | $317,778 | $0 | $377,742 |
| MARK FROEHLICH | CHIEF FINANCIAL OFFICER | Officer | 40.00 | $293,331 | $0 | $349,759 |
| DEONE POWELL | GEN. COUNSEL & CHIEF LEGAL OFF | Key Employee | 40.00 | $285,887 | $0 | $338,454 |
| JODI ROSEN | CHIEF DEVELOPMENT OFFICER | Key Employee | 40.00 | $228,079 | $0 | $288,242 |
| ELAINE KENIG | CHIEF COMMUNICATIONS OFFICER | Key Employee | 40.00 | $200,947 | $0 | $259,293 |
| LISA LENKER | SR. MGR. RISK & COMPLEX ASSETS | Highest Comp | 40.00 | $159,541 | $0 | $210,328 |
| MARY JANE EMERY | DIRECTOR OF FINANCE/CONTROLLER | Highest Comp | 40.00 | $166,154 | $0 | $200,180 |
| VICTORIA KELBER-MCKEE | SR. MANAGER PRODUCT OWNER | Highest Comp | 40.00 | $145,694 | $0 | $196,714 |
| JESSICA NEFF | SR. MANAGER, HEAD OF DELIVERY | Highest Comp | 40.00 | $149,044 | $0 | $190,899 |
| AMANDA WELSH | OPERATIONS SR. MANAGER | Highest Comp | 40.00 | $135,584 | $0 | $184,326 |
| JOHN J BRENNAN | TRUSTEE & CHAIRMAN | Director | 1.00 | $0 | $0 | $0 |
| RENEE B BOOTH | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| PAMELA DIPPEL CHONEY | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL F HOLLAND | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| MICHAEL S MILLER | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| LARRY DUBINSKI | TRUSTEE | Director | 1.00 | $0 | $0 | $0 |
| CELIA ROADY | SECRETARY | Officer | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
REBECCA MOFFETT
Base Salary
$368,545
Bonus
$55,000
Other Reportable
—
Retirement/Deferred
$49,500
Nontaxable Benefits
$25,151
JODI ROSEN
Base Salary
$202,526
Bonus
$25,553
Other Reportable
—
Retirement/Deferred
$35,570
Nontaxable Benefits
$24,593
ANN L GILL
Base Salary
$282,716
Bonus
$35,062
Other Reportable
—
Retirement/Deferred
$48,423
Nontaxable Benefits
$11,541
MARK FROEHLICH
Base Salary
$254,221
Bonus
$39,110
Other Reportable
—
Retirement/Deferred
$46,062
Nontaxable Benefits
$10,366
DEONE POWELL
Base Salary
$254,637
Bonus
$31,250
Other Reportable
—
Retirement/Deferred
$40,961
Nontaxable Benefits
$11,606
ELAINE KENIG
Base Salary
$179,113
Bonus
$21,834
Other Reportable
—
Retirement/Deferred
$32,751
Nontaxable Benefits
$25,595
MARY JANE EMERY
Base Salary
$156,004
Bonus
$10,150
Other Reportable
—
Retirement/Deferred
$25,765
Nontaxable Benefits
$8,261
LISA LENKER
Base Salary
$148,615
Bonus
$10,926
Other Reportable
—
Retirement/Deferred
$25,768
Nontaxable Benefits
$25,019
JESSICA NEFF
Base Salary
$139,796
Bonus
$9,248
Other Reportable
—
Retirement/Deferred
$23,656
Nontaxable Benefits
$18,199
VICTORIA KELBER-MCKEE
Base Salary
$136,775
Bonus
$8,919
Other Reportable
—
Retirement/Deferred
$22,537
Nontaxable Benefits
$28,483
AMANDA WELSH
Base Salary
$126,778
Bonus
$8,806
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
$25,639
Top Contractors(Tax Year 2023)
5 records
Vanguard Charitable Endowment Program reported 5 contractors receiving over $100,000, with total contractor payments of $14.6M.
| Name | Service | Compensation |
|---|---|---|
| UST GLOBAL INC | TECH ADMIN. SERVICES | $4,371,883 |
| VANGUARD GROUP INC | OCCUP. & ADMIN. SVS. | $4,242,608 |
| SLALOM LLC DBA SLALOM CONSULT | TECH SERVICES | $3,374,395 |
| UST GLOBAL INC | TECH ADMIN. SERVICES | $2,136,429 |
| KL GATES LLP | LEGAL & LOBBYING SER | $453,488 |
Governance & Compliance(Tax Year 2023)
Vanguard Charitable Endowment Program has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 6 members, 6 of whom are independent.
Vanguard Charitable Endowment Program's financial statements are audited, an audit committee oversees the process, accounting follows GAAP standards.
Policies & Oversight
Audit & Financial Oversight
Insider Transactions(Tax Year 2023)
2 records
Unknown person — CREATOR OR FOUNDER
Unknown person — SUB. OF LINE 1 ENTITY
Grants Awarded(Tax Year 2023)
24269 records
Vanguard Charitable Endowment Program awarded $3.0B across 24269 grants to organizations. Top recipients include IMPACTASSETS (BETHESDA, MD) — $308.3M for for recipient's exempt purpose; GIVEWELL (OAKLAND, CA) — $72.3M for for recipient's exempt purpose; BRIGHT FUNDS FOUNDATION (SAN JOSE, CA) — $47.9M for for recipient's exempt purpose.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| IMPACTASSETS262048480 | BETHESDA, MD | $308.3M | FOR RECIPIENT'S EXEMPT PURPOSE |
| GIVEWELL208625442 | OAKLAND, CA | $72.3M | FOR RECIPIENT'S EXEMPT PURPOSE |
| BRIGHT FUNDS FOUNDATION462109112 | SAN JOSE, CA | $47.9M | FOR RECIPIENT'S EXEMPT PURPOSE |
| WORTHINGTON SCHOLARSHIP FOUNDATION821503998 | ROCKLAND, ME | $41.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| THE CENTER FOR EDUCATION REFORM521847187 | WASHINGTON, DC | $35.8M | FOR RECIPIENT'S EXEMPT PURPOSE |
| SCHWAB CHARITABLE FUND311640316 | LONE TREE, CO | $29.6M | FOR RECIPIENT'S EXEMPT PURPOSE |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001 | BOSTON, MA | $25.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| BERKELEY REPERTORY THEATRE941679756 | BERKELEY, CA | $25.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| KYIV SCHOOL OF ECONOMICS522264611 | BROOKLYN, NY | $24.9M | FOR RECIPIENT'S EXEMPT PURPOSE |
| OUR AMERICAN FUTURE FOUNDATION884235954 | WASHINGTON, DC | $23.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| TEACH FOR AMERICA INC133541913 | NEW YORK CITY, NY | $20.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| KIPP FOUNDATION943362724 | SAN FRANCISCO, CA | $20.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| CHARTER FUND050620063 | BROOMFIELD, CO | $20.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| MARIN COMMUNITY FOUNDATION943007979 | NOVATO, CA | $17.3M | FOR RECIPIENT'S EXEMPT PURPOSE |
| M Y KEREN HASHLUCHIM INC810583641 | BROOKLYN, NY | $16.9M | FOR RECIPIENT'S EXEMPT PURPOSE |
| STANFORD UNIVERSITY941156365 | STANFORD, CA | $16.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| ALTNEU FOUNDATION CORPORATION933688033 | NEW YORK CITY, NY | $16.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| HUMAN RIGHTS FOUNDATION INC202669700 | NEW YORK CITY, NY | $15.9M | FOR RECIPIENT'S EXEMPT PURPOSE |
| SPIRIT OF AMERICA WORLDWIDE201687786 | ARLINGTON, VA | $14.6M | FOR RECIPIENT'S EXEMPT PURPOSE |
| PEF ISRAEL ENDOWMENT FUNDS INC136104086 | NEW YORK CITY, NY | $13.4M | FOR RECIPIENT'S EXEMPT PURPOSE |
Showing 20 of 24269 grants.
Foreign Activities(Tax Year 2023)
Activities span East Asia and the Pacific, Europe (Including Iceland and Greenland), South Asia, North America, Middle East and North Africa.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| East Asia and the Pacific | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| South Asia | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| North America | — | — |
| Middle East and North Africa | — | — |
| Central America and the Caribbean | — | — |
| South America | — | — |
| Sub-Saharan Africa | — | — |
| East Asia and the Pacific | — | — |
Supplemental Financial Data(Tax Year 2023)
Vanguard Charitable Endowment Program operates a donor-advised fund (DAF) program with 27,660 accounts.
Filing History(Tax Years 1997–2023)
4 records
Showing the 4 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-07-01 – 2024-06-30 | $6.4B | $3.1B | $22.1B |
| 2022 | 990 | 2022-07-01 – 2023-06-30 | $4.6B | $2.1B | $17.0B |
| 2021 | 990 | 2021-07-01 – 2022-06-30 | $3.1B | $1.9B | $15.1B |
| 2020 | 990 | 2020-07-01 – 2021-06-30 | $4.9B | $1.9B | $16.0B |
| 1997–2019 | No filings acquired yet | ||||
Frequently Asked Questions
What does Vanguard Charitable Endowment Program do?
TO INCREASE PHILANTHROPY AND MAXIMIZE ITS IMPACT OVER TIME.
How much revenue does Vanguard Charitable Endowment Program have?
Vanguard Charitable Endowment Program reported $6,410,999,905 in total revenue for tax year 2023, up 40.1% from the prior year.
Who is the highest-paid executive at Vanguard Charitable Endowment Program?
REBECCA MOFFETT, PRESIDENT, received $498,196 in total compensation as of tax year 2023.
Is Vanguard Charitable Endowment Program a 501(c)(3)?
Yes, Vanguard Charitable Endowment Program is classified as a 501(c)(3) tax-exempt organization.
Where is Vanguard Charitable Endowment Program located?
Vanguard Charitable Endowment Program is headquartered in SOUTHEASTERN, PA 193989917.
How many employees does Vanguard Charitable Endowment Program have?
Vanguard Charitable Endowment Program has 119 employees as of tax year 2023.
Is Vanguard Charitable Endowment Program audited?
Yes, Vanguard Charitable Endowment Program's financial statements are audited, and the organization has an audit committee.
How much does Vanguard Charitable Endowment Program spend on fundraising?
Vanguard Charitable Endowment Program reported $3,746,316 in fundraising expenses for tax year 2023, which represents 0.1% of total expenses.
Does Vanguard Charitable Endowment Program give grants?
Yes, Vanguard Charitable Endowment Program distributed $3,057,423,430 in grants to other organizations and individuals in tax year 2023. Top recipients include IMPACTASSETS, GIVEWELL, BRIGHT FUNDS FOUNDATION.
Does Vanguard Charitable Endowment Program operate internationally?
Yes, Vanguard Charitable Endowment Program conducts activities outside the United States. Activities span East Asia and the Pacific, Europe (Including Iceland and Greenland), South Asia, North America, Middle East and North Africa.
Data Source
Prepared by: PwC US Tax LLP, PHILADELPHIA, PA
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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