Goldman Sachs Charitable Gift Fund
Goldman Sachs Charitable Gift Fund consistently facilitates substantial charitable giving with zero reported officer compensation.
EIN: 113813663 · New York, NY · NTEE: T30 · Updated: 2026-03-28
Is Goldman Sachs Charitable Gift Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Goldman Sachs Charitable Gift Fund directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Goldman Sachs Charitable Gift Fund
Goldman Sachs Charitable Gift Fund (EIN: 113813663) is a nonprofit organization based in New York, NY, classified under NTEE code T30. The organization reported total revenue of $815.8M and total assets of $518.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Goldman Sachs Charitable Gift Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Goldman Sachs Charitable Gift Fund with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Goldman Sachs Charitable Gift Fund allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through an affiliated entity, which is common for donor-advised funds sponsored by financial institutions.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Goldman Sachs Charitable Gift Fund's IRS 990 filings:
- Lack of transparency regarding ultimate grant recipients due to DAF structure
- Significant year-over-year fluctuations in revenue, indicating reliance on donor contribution variability
Strengths
The following positive indicators were identified for Goldman Sachs Charitable Gift Fund:
- Consistently reports 0% officer compensation, indicating low executive overhead
- Substantial assets ($518,027,728) demonstrate significant capacity for charitable giving
- High percentage of expenses dedicated to grants (programmatic spending) as typical for a DAF
- Long history of consistent IRS 990 filings (13 filings) indicating regulatory compliance
Frequently Asked Questions about Goldman Sachs Charitable Gift Fund
Is Goldman Sachs Charitable Gift Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Goldman Sachs Charitable Gift Fund (EIN: 113813663) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Goldman Sachs Charitable Gift Fund spend its money?
Goldman Sachs Charitable Gift Fund directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Goldman Sachs Charitable Gift Fund tax-deductible?
Goldman Sachs Charitable Gift Fund is registered as a tax-exempt nonprofit (EIN: 113813663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Goldman Sachs Charitable Gift Fund a good charity?
As a donor-advised fund, it serves as an efficient vehicle for donors to facilitate their charitable giving. Its 'goodness' depends on the effectiveness of the grants made by its donors, rather than its own direct programmatic impact.
How does its spending efficiency compare to other charities?
Given its structure as a donor-advised fund, its 'program spending' is essentially the grants it distributes. With zero officer compensation and a focus on facilitating grants, its operational efficiency for its stated purpose is high, though direct comparisons to operating charities are not entirely appropriate.
What caused the significant revenue drop in 202306?
The revenue drop to $56,851,698 in 202306 from $257,164,151 in 202206 likely reflects a decrease in new contributions from donors during that specific period, which can fluctuate significantly year-to-year for donor-advised funds.
Why are expenses sometimes higher than revenue?
Expenses exceeding revenue, as seen in 202306 ($198,639,847 expenses vs. $56,851,698 revenue), is common for donor-advised funds. This indicates that the fund is distributing grants from accumulated assets and prior-year contributions, rather than solely from current-year revenue.
How transparent is the fund regarding its ultimate beneficiaries?
As a donor-advised fund, the Goldman Sachs Charitable Gift Fund's public filings do not typically disclose the specific ultimate recipient charities of the grants, as this information is often managed by the individual donors. Transparency is at the fund level, not the grant recipient level.
Filing History
IRS 990 filing history for Goldman Sachs Charitable Gift Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Goldman Sachs Charitable Gift Fund's revenue has declined by 79.6%, moving from $278.0M to $56.9M. Total assets increased by 8% over the same period, from $474.5M to $512.7M. Total functional expenses fell by 10.6%, from $222.3M to $198.6M. In its most recent filing year (2023), Goldman Sachs Charitable Gift Fund reported a deficit of $141.8M, with expenses exceeding revenue. The organization holds $444K in liabilities against $512.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $512.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $56.9M | $198.6M | $512.7M | $444K | — | View 990 |
| 2022 | $257.2M | $250.7M | $647.1M | $6.8M | — | View 990 |
| 2021 | $317.5M | $211.0M | $683.4M | $3.2M | — | View 990 |
| 2020 | $263.7M | $179.7M | $559.8M | $701K | — | View 990 |
| 2019 | $153.7M | $157.4M | $475.6M | $968K | — | View 990 |
| 2018 | $168.5M | $156.5M | $475.5M | $4.4M | — | View 990 |
| 2017 | $191.8M | $155.3M | $462.7M | $4.2M | — | View 990 |
| 2016 | $142.9M | $140.0M | $420.5M | $4.6M | — | View 990 |
| 2015 | $164.2M | $141.9M | $421.1M | $5.9M | — | View 990 |
| 2014 | $145.9M | $175.3M | $401.0M | $6.8M | — | View 990 |
| 2013 | $176.8M | $156.6M | $420.3M | $6.0M | — | View 990 |
| 2012 | $77.0M | $153.9M | $397.8M | $2.0M | — | View 990 |
| 2011 | $278.0M | $222.3M | $474.5M | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56.9M, expenses of $198.6M, and assets of $512.7M (revenue -77.9% year-over-year).
- 2022: Revenue of $257.2M, expenses of $250.7M, and assets of $647.1M (revenue -19.0% year-over-year).
- 2021: Revenue of $317.5M, expenses of $211.0M, and assets of $683.4M (revenue +20.4% year-over-year).
- 2020: Revenue of $263.7M, expenses of $179.7M, and assets of $559.8M (revenue +71.6% year-over-year).
- 2019: Revenue of $153.7M, expenses of $157.4M, and assets of $475.6M (revenue -8.8% year-over-year).
- 2018: Revenue of $168.5M, expenses of $156.5M, and assets of $475.5M (revenue -12.1% year-over-year).
- 2017: Revenue of $191.8M, expenses of $155.3M, and assets of $462.7M (revenue +34.2% year-over-year).
- 2016: Revenue of $142.9M, expenses of $140.0M, and assets of $420.5M (revenue -13.0% year-over-year).
- 2015: Revenue of $164.2M, expenses of $141.9M, and assets of $421.1M (revenue +12.5% year-over-year).
- 2014: Revenue of $145.9M, expenses of $175.3M, and assets of $401.0M (revenue -17.4% year-over-year).
- 2013: Revenue of $176.8M, expenses of $156.6M, and assets of $420.3M (revenue +129.6% year-over-year).
- 2012: Revenue of $77.0M, expenses of $153.9M, and assets of $397.8M (revenue -72.3% year-over-year).
- 2011: Revenue of $278.0M, expenses of $222.3M, and assets of $474.5M.
Data Sources and Methodology
This transparency report for Goldman Sachs Charitable Gift Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.