Nonprofit · EIN 81-2576201
INDEPENDENT CHARITABLE GIFT FUND
Tax-exempt · HUDSON, OH 44236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $382,823,730 | $90,236,530 | $292,587,200 | $922,118,482 | $58,826 | $922,059,656 |
| December 31, 2024 | 990 | $198,305,368 | $70,743,867 | $127,561,501 | $575,440,270 | $50,328 | $575,389,942 |
| December 31, 2023 | 990 | $157,167,974 | $53,665,266 | $103,502,708 | $418,174,157 | $32,772 | $418,141,385 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $359,569,267
- Program service revenue
- $0
- Investment income
- $23,181,509
- Other revenue
- $72,954
Expenses
- Grants and similar amounts paid
- $85,037,161
- Compensation of officers, directors and key employees
- $762,584
- Other salaries and wages
- $356,660
- Salaries, compensation and benefits (total)
- $1,237,357
- Professional fundraising fees
- $0
- Legal fees
- $275
- Accounting fees
- $42,132
- Occupancy
- $77,255
- Travel
- $3,200
- Depreciation
- $1,692
- Program services (functional)
- $86,012,051
- Management and general (functional)
- $3,645,092
- Fundraising (functional)
- $579,387
Balance sheet and other
- Total assets, start of year
- $575,440,270
- Total assets, end of year
- $922,118,482
- Total liabilities, end of year
- $58,826
- Net assets, end of year
- $922,059,656
- Land, buildings and equipment
- $5,886
- Publicly traded securities
- $909,884,705
- Net assets without donor restrictions
- $922,059,656
- Gross receipts
- $382,823,730
- Employees
- 13
- Volunteers
- 1
- Year formed
- 2016
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM A PAYNE | PRESIDENT/CEO Officer | 40 | $252,000 | $33,254 |
| SHEILAH VILLANUEVA | EVP/COO Officer | 40 | $187,000 | $13,574 |
| SUSAN FIGLER | CHIEF DEVELOPMENT OFFICER Officer | 40 | $115,908 | $7,180 |
| AMY POWERS | VICE PRESIDENT OF FINANCE Officer | 40 | $67,115 | $9,784 |
| CINDY SHEDLOSKI | CONTROLLER Officer | 20 | $56,799 | $8,432 |
| PHILIP T TOBIN | CHAIRMAN EMERITUS Trustee or director, Officer | 40 | $0 | $11,538 |
| CHRISTOPHER DUDLEY | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| TOBY BLOSSOM | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JANE HOWINGTON | CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 |
| MATTHEW F KADISH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| PAT MYERS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVE PRATT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| PATRICK SCHERER | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| LAWRENCE SPIETH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM A PAYNE | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 40 | $168,432 | $30,953 |
| SHEILAH VILLANUEVA | EVP/COO Officer | 40 | $151,907 | $12,260 |
| CINDY SHEDLOSKI | CONTROLLER Officer | 20 | $89,909 | $12,210 |
| SUSAN FIGLER | CHIEF DEVELOPMENT OFFICER Officer | 40 | $49,915 | $2,274 |
| PHILIP T TOBIN | CHAIRMAN/TREASURER(11/24 & FORWARD) Trustee or director, Officer | 40 | $0 | $4,946 |
| CHRISTOPHER DUDLEY | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| TOBY BLOSSOM | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JANE HOWINGTON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MATTHEW F KADISH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| PAT MYERS | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVE PRATT | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| PATRICK SCHERER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| LAWRENCE SPIETH | DIRECTOR(THROUGH 11/24) Trustee or director | 0.2 | $0 | $0 |
| GARY HANZ | TREASURER(THROUGH 11/24) Trustee or director, Officer | 0.2 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM A PAYNE | PRESIDENT/CHIEF EXECUTIVE OFFICER Officer | 40 | $95,533 | $19,693 |
| SHEILAH VILLANUEVA | EVP/COO Officer | 40 | $100,332 | $5,647 |
| CINDY SHEDLOSKI | DIRECTOR OF FINANCE Officer | 20 | $60,297 | $4,190 |
| PHILIP T TOBIN | CHAIRMAN Trustee or director, Officer | 40 | $0 | $3,635 |
| CHRISTOPHER DUDLEY | SECRETARY Trustee or director, Officer | 0.2 | $0 | $0 |
| GARY HANZ | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 |
| LAWRENCE SPIETH | BOARD MEMBER Trustee or director | 0.2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 110 W STREETSBORO ST STE 2A, HUDSON, OH 44236-2759
- In care of
- % LINDA SZPALIK
- Mailing address (990-N for 2021)
- 244 AURORA ST, HUDSON OH 442362958
- Principal officer (990 for 2025)
- WILLIAM A PAYNE, 110 W STREETSBORO ST 2A, HUDSON, OH 44236
- Principal officer (990-N for 2021)
- Ethridge Darlene, 659 lake road, Atkins AR 72823
- Signed the 990
- WILLIAM A PAYNE, PRESIDENT/CEO
- Phone
- (330) 400-2768
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
INSPIRING AND ENABLING AMERICANS AND THEIR TRUSTED ADVISORS TO CREATE, PRESERVE AND PASS ON THEIR PHILANTHROPIC LEGACY THROUGH DONOR ADVISED FUND SOLUTIONS WHERE THE IMPACT IS TRULY REMARKABLE AND THE EXPERIENCE IS FUN, RESULTING IN ADDITIONAL CHARITABLE GIVING.
Program accomplishments
- IGIFTFUND MAKES GRANTS TO U.S. CHARITABLE TAX-EXEMPT ORGANIZATIONS TO FURTHER THE CHARITABLE PURPOSES OF THE ORGANIZATIONS.Expenses $86,012,051 · grants $85,037,161
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2576201
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $922,118,482
- Income (IRS master file)
- $382,823,730
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $382,823,730 | $90,236,530 | $922,118,482 | XML |
| 990 | December 2024 | $198,305,368 | $70,743,867 | $575,440,270 | XML |
| 990 | December 2023 | $157,167,974 | $53,665,266 | $418,174,157 | XML |
| 990 | December 2022 | $138,892,808 | $33,321,037 | $282,957,094 | IRS |
| 990-N for 2021 Officer: Ethridge Darlene | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2576201).
Questions about INDEPENDENT CHARITABLE GIFT FUND
- What is the EIN of INDEPENDENT CHARITABLE GIFT FUND?
- The employer identification number (EIN) of INDEPENDENT CHARITABLE GIFT FUND is 81-2576201.
- Is INDEPENDENT CHARITABLE GIFT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to INDEPENDENT CHARITABLE GIFT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENT CHARITABLE GIFT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENT CHARITABLE GIFT FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENT CHARITABLE GIFT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INDEPENDENT CHARITABLE GIFT FUND?
- The 990 for the year ended December 31, 2025 names WILLIAM A PAYNE.
- Who are the officers and directors of INDEPENDENT CHARITABLE GIFT FUND?
- The 990 for the year ended December 31, 2025 lists 14 people; 5 received compensation from the organization, the highest $252,000 (WILLIAM A PAYNE, PRESIDENT/CEO).
- How much revenue does INDEPENDENT CHARITABLE GIFT FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $382,823,730, expenses of $90,236,530 and total assets of $922,118,482 at year end.
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All nonprofits in HUDSON · Ohio · Philanthropy, voluntarism and grantmaking foundations