Gs Donor Advised Philanthropy Fund for Wealth Management Inc
DBA: GS DAF
ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.
IRS Tax Year 2023
Period ending December 31, 2023
Total Revenue
$3.2B
Total Expenses
$2.2B
Net Assets
$8.9B
Employees
—
Volunteers
33
Grants Paid
$2.1B
Program Expense Ratio
98.9%
This nonprofit profile presents IRS Form 990 tax filing data for Gs Donor Advised Philanthropy Fund for Wealth Management Inc (EIN: 31-1774905), based on the 2024 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, 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.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc is a 501(c)(3) nonprofit headquartered in New York, NY, founded in 2001. It is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 2001. In its 2023 filing, the organization reported $3.2B in total revenue, a 64.2% increase from the prior year, and $2.2B in total expenses. The organization engaged 33 volunteers. The organization runs 1 program, totaling $2.1B in program expenses. 4 of 6 recommended governance policies are in place.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc is classified under NTEE code T30 (Public Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 15.
Programs(Tax Year 2023)
1 record
Gs Donor Advised Philanthropy Fund for Wealth Management Inc operates 1 program, with total program expenses of $2.1B. Gs Donor Advised Philanthropy Fund for Wealth Management Inc's largest program accounts for 100% of total program spending.
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, 2023, THE ORGANIZATION MADE APPROXIMATELY 24,800 GRANTS TOTALING APPROXIMATELY $2,135,242,000 TO CHARITABLE ORGANIZATIONS.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, Gs Donor Advised Philanthropy Fund for Wealth Management Inc's revenue has declined from $3.8B to $3.2B, a 15.4% decrease. Program expenses represent 99% of total spending.
Revenue increased 64.2% year-over-year, while expenses grew 18.3%. net assets rose to $8.9B, up 18.9% from the prior year.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc derives 77% from contributions and grants, with 23% from investment income.
Revenue is primarily driven by contributions and grants (77%), with investment income at 23%.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc allocates 99% to programs, 0% to management and general.
Revenue grew by 64.2% while expenses grew by only 18.3%, suggesting improving operational efficiency.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc distributed $2.1B in grants to other organizations and individuals, representing 99% of total expenses.
Over 5 filings from 2019–2023, Gs Donor Advised Philanthropy Fund for Wealth Management Inc declined revenue from $3.8B to $3.2B (-15.4%) while maintaining a program expense ratio of 99%.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc holds $9.0B in total assets against $84.0M in liabilities (debt-to-asset ratio of 1%). The organization has 49.4 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 | $3.2B | $2.4B | $0 | $0 | $734.8M |
| 2022 | $1.9B | $1.7B | $0 | $0 | $279.0M |
| 2021 | $2.6B | $2.1B | $0 | $0 | $430.5M |
| 2020 | $1.9B | $1.7B | $0 | $0 | $201.2M |
| 2019 | $3.8B | $3.6B | $0 | $0 | $194.7M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $2.2B | $2.1B | $2.6M | $0 | $2.1B |
| 2022 | $1.8B | $1.8B | $20.2M | $0 | $1.8B |
| 2021 | $3.2B | $3.2B | $17.7M | $0 | $3.2B |
| 2020 | $1.6B | $1.6B | $13.7M | $0 | $1.6B |
| 2019 | $1.7B | $1.7B | $11.2M | $0 | $1.7B |
Program Expense Ratio
98.9%
Admin Expense Ratio
0.1%
Fundraising Efficiency
—
Operating Reserve
49.4 mo
People & Compensation(Tax Year 2023)
23 records
Gs Donor Advised Philanthropy Fund for Wealth Management Inc reported compensation for 23 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| ROBERT KATZ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MEGAN TAYLOR | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MAE CAVOLI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DAVID GOLUB | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| KAREY D DYE | PRESIDENT | Officer | 4.00 | $0 | $0 | $0 |
| DONALD IRONS | VICE PRESIDENT | Officer | 4.00 | $0 | $0 | $0 |
| BENJAMIN RADER | SECRETARY | Officer | 4.00 | $0 | $0 | $0 |
| MARIAM KAMSHAD | VICE PRESIDENT | Officer | 4.00 | $0 | $0 | $0 |
| MICHAEL WODA | VICE PRESIDENT | Officer | 4.00 | $0 | $0 | $0 |
| KENNETH SHEINMAN | ASST. TREASURER | Officer | 2.00 | $0 | $0 | $0 |
| JOHN MASTRIANI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DEBORAH LEONE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JEFF GOLDENBERG | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ABBY JOSEPH COHEN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ESTA STECHER | DIRECTOR-CHAIR | Director | 1.00 | $0 | $0 | $0 |
| PETER FORTNER | TREASURER | Officer | 2.00 | $0 | $0 | $0 |
| JACK HARDING | ASST TREASURER | Officer | 3.00 | $0 | $0 | $0 |
| BRIAN DESILVA | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| STEPHANIE JAQUEZ | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| TIMOTHY CORSON | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| THOMAS MORIN | ASST. TREASURER | Officer | 0.50 | $0 | $0 | $0 |
| EMMETT ST JOHN | TREASURER | Officer | 1.00 | $0 | $0 | $0 |
| CHRISTOPHER O'KEEFE | ASST. TREASURER | Officer | 2.00 | $0 | $0 | $0 |
Top Contractors(Tax Year 2023)
5 records
Gs Donor Advised Philanthropy Fund for Wealth Management Inc reported 5 contractors receiving over $100,000, with total contractor payments of $24.1M.
| Name | Service | Compensation |
|---|---|---|
| THE GOLDMAN SACHS TRUST COMPANY | INVESTMENT/ADVISORY | $11,620,846 |
| GOLDMAN SACHS CO LLC | TECH & INV ADV FEES | $7,318,240 |
| THE AYCO COMPANY LP | ADMIN. SERVICES | $3,234,367 |
| OAK HILL ADVISORS LP | INVESTMENT ADV. SERV | $1,469,388 |
| SAPIENT CORPORATION | TECHNOLOGY SERVICES | $449,360 |
Governance & Compliance(Tax Year 2023)
Gs Donor Advised Philanthropy Fund for Wealth Management Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 9 members, 9 of whom are independent.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc's financial statements are audited, an audit committee oversees the process, accounting follows GAAP standards.
Gs Donor Advised Philanthropy Fund for Wealth Management Inc has family or business relationships among officers, directors, or key employees.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
6245 records
Gs Donor Advised Philanthropy Fund for Wealth Management Inc awarded $2.0B across 6245 grants to organizations. Top recipients include NATIONAL PHILANTHROPIC TR (JENKINTOWN, PA) — $163.1M for community & human services; BLUE MERIDIAN PARTNERS INC (NEW YORK, NY) — $96.9M for community & human services; UNIVERSITY OF OREGON FOUNDATION (EUGENE, OR) — $43.3M for education.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NATIONAL PHILANTHROPIC TR237825575 | JENKINTOWN, PA | $163.1M | COMMUNITY & HUMAN SERVICES |
| BLUE MERIDIAN PARTNERS INC815086187 | NEW YORK, NY | $96.9M | COMMUNITY & HUMAN SERVICES |
| UNIVERSITY OF OREGON FOUNDATION936015767 | EUGENE, OR | $43.3M | EDUCATION |
| UNITED STATES ENERGY FOUNDATION831740146 | SAN FRANCISCO, CA | $42.5M | MEDICAL / PUBLIC SERVICES |
| ROCKEFELLER PHILANTHROPY ADVISORS INC133615533 | NEW YORK, NY | $37.3M | MEDICAL / PUBLIC SERVICES |
| RF CATALYTIC CAPITAL INC852150251 | NEW YORK, NY | $35.0M | MEDICAL / PUBLIC SERVICES |
| THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS870234341 | SALT LAKE CITY, UT | $26.0M | RELIGIOUS |
| THE LELAND STANFORD JUNIOR UNIVERSITY941156365 | REDWOOD CITY, CA | $25.0M | EDUCATION |
| COMMUNITIES IN SCHOOLS INC581289174 | ARLINGTON, VA | $24.5M | EDUCATION |
| ALLIANCE FOR SAFETY AND JUSTICE853209787 | OAKLAND, CA | $23.7M | COMMUNITY & HUMAN SERVICES |
| UNIVERSITY OF WASHINGTON FOUNDATION943079432 | SEATTLE, WA | $21.3M | EDUCATION |
| AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC136213516 | NEW YORK, NY | $20.2M | MEDICAL / PUBLIC SERVICES |
| WINDWARD FUND473522162 | WASHINGTON, DC | $20.0M | ENVIRONMENT & ANIMAL PROTECTION |
| LA CLIPPERS FOUNDATION954493310 | BELLEVUE, WA | $15.5M | COMMUNITY & HUMAN SERVICES |
| STRIVETOGETHER INC813380647 | CINCINNATI, OH | $14.4M | COMMUNITY & HUMAN SERVICES |
| MUSICAL INSTRUMENT MUSEUM161743588 | PHOENIX, AZ | $13.7M | ARTS AND CULTURE |
| YAD ELIEZER USA INC873467861 | BROOKLYN, NY | $12.5M | RELIGIOUS |
| UPSTREAM USA INC352581424 | BOSTON, MA | $12.0M | MEDICAL / PUBLIC SERVICES |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001 | BOSTON, MA | $11.7M | COMMUNITY & HUMAN SERVICES |
| PUBLIC BROADCASTING OF COLORADO INC742324052 | CENTENNIAL, CO | $10.1M | ARTS AND CULTURE |
Showing 20 of 6245 grants.
Foreign Activities(Tax Year 2023)
Activities span Europe (Including Iceland and Greenland), Sub-Saharan Africa, South America, North America, East Asia and the Pacific.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Europe (Including Iceland and Greenland) | — | — |
| Sub-Saharan Africa | — | — |
| South America | — | — |
| North America | — | — |
| East Asia and the Pacific | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| East Asia and the Pacific | — | — |
| North America | — | — |
| Central America and the Caribbean | — | — |
| Middle East and North Africa | — | — |
| Sub-Saharan Africa | — | — |
| South Asia | — | — |
| South America | — | — |
| Russia and the Newly Independent States | — | — |
Supplemental Financial Data(Tax Year 2023)
Gs Donor Advised Philanthropy Fund for Wealth Management Inc operates a donor-advised fund (DAF) program with 3,461 accounts.
Filing History(Tax Years 2001–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $3.2B | $2.2B | $8.9B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.9B | $1.8B | $7.5B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $2.6B | $3.2B | $8.6B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $1.9B | $1.6B | $8.8B |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $3.8B | $1.7B | $8.1B |
| 2001–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Gs Donor Advised Philanthropy Fund for Wealth Management Inc do?
ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.
How much revenue does Gs Donor Advised Philanthropy Fund for Wealth Management Inc have?
Gs Donor Advised Philanthropy Fund for Wealth Management Inc reported $3,183,956,165 in total revenue for tax year 2023, up 64.2% from the prior year.
Who is the highest-paid executive at Gs Donor Advised Philanthropy Fund for Wealth Management Inc?
ROBERT KATZ, DIRECTOR, received $0 in total compensation as of tax year 2023.
Is Gs Donor Advised Philanthropy Fund for Wealth Management Inc a 501(c)(3)?
Yes, Gs Donor Advised Philanthropy Fund for Wealth Management Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Gs Donor Advised Philanthropy Fund for Wealth Management Inc located?
Gs Donor Advised Philanthropy Fund for Wealth Management Inc is headquartered in New York, NY 10282.
What type of nonprofit is Gs Donor Advised Philanthropy Fund for Wealth Management Inc?
Gs Donor Advised Philanthropy Fund for Wealth Management Inc is classified under NTEE code T30 (Public Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is Gs Donor Advised Philanthropy Fund for Wealth Management Inc audited?
Yes, Gs Donor Advised Philanthropy Fund for Wealth Management Inc's financial statements are audited, and the organization has an audit committee.
Does Gs Donor Advised Philanthropy Fund for Wealth Management Inc give grants?
Yes, Gs Donor Advised Philanthropy Fund for Wealth Management Inc distributed $2,135,241,504 in grants to other organizations and individuals in tax year 2023. Top recipients include NATIONAL PHILANTHROPIC TR, BLUE MERIDIAN PARTNERS INC, UNIVERSITY OF OREGON FOUNDATION.
Does Gs Donor Advised Philanthropy Fund for Wealth Management Inc operate internationally?
Yes, Gs Donor Advised Philanthropy Fund for Wealth Management Inc conducts activities outside the United States. Activities span Europe (Including Iceland and Greenland), Sub-Saharan Africa, South America, North America, East Asia and the Pacific.
Data Source
Prepared by: PwC US Tax LLP
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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