Vanguard Charitable Endowment Program

EIN 232888152 · Donor-advised fund program as reported on Form 990 Schedule D, fiscal year 2023.

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DAF assets
$21.95B
at fiscal year end
Grants out
$3.06B
from DAF accounts
Contributions in
$5.75B
received into DAFs
Payout rate
13.9%
median is 12.5%
Accounts
27,660
funds held at year end
Average account
$794K
assets per fund

At 13.9%, this sponsor paid out above the 12.5% median for sponsors holding more than $10 million.

DAF assets by year

$16.00B
FY2020
$15.05B
FY2021
$16.84B
FY2022
$21.95B
FY2023

Grants paid by year

$1.85B
FY2020
$1.89B
FY2021
$2.10B
FY2022
$3.06B
FY2023

A missing year means no return for that year has been released yet, not that the organization was inactive. Years marked fall in the 2020–21 pandemic giving surge, when contributions into donor-advised funds rose sharply across the sector; treat them as an unusual period rather than a baseline.

Grant disclosure

Itemized 86,575 grant lines totalling $8.64B across 2019–2024 — $100K per line.

$1.27B of this sponsor’s grants went to other DAF sponsors — 15% of its itemized grantmaking. Money moved between sponsors is reported as a grant, but it has not yet reached a working charity. This total counts only organizations whose donor-advised fund program is their primary activity, so grants to universities and hospitals that happen to run a DAF on the side are excluded.

Largest reported recipients

Organizations receiving the most from this sponsor across 2019–2024, as itemized on Schedule I. Only grants above $5,000 must be listed.

RecipientTotal 2019–2024
Impactassets Inc7315 Wisconsin Avenue Suite 1000W Bethesda Md 20814 runs a DAF programEIN 262048480 MD$377.1M
National Philanthropic Trust runs a DAF programEIN 237825575 PA$180.1M
Fidelity Charitable Gift Fund runs a DAF programEIN 110303001 OH$172.2M
GivewellEIN 208625442 CA$155.5M
Bright Funds FoundationEIN 462109112 CA$99.0M
Stanford University runs a DAF programEIN 941156365 CA$83.9M
Schwab Charitable Fund runs a DAF programEIN 311640316 FL$75.9M
Center For Education ReformEIN 521847187 DC$75.7M
Goldman Sachs Philanthropy Fund runs a DAF programEIN 311774905 NY$54.0M
The James Family Charitable TrustEIN 473856889 PA$50.1M
Morgan Stanley Global Impact Funding Trust Inc runs a DAF programEIN 527082731 NJ$48.0M
President And Fellows Harvard College runs a DAF programEIN 042103580 MA$48.0M
Worthington Scholarship FoundationEIN 821503998 ME$46.0M
Doctors Without BordersEIN 133433452 MD$43.8M
Kyiv School of EconomicsEIN 522264611 CA$40.5M

How these figures are calculated: methodology and disclosures. Source: IRS Form 990 e-file XML for fiscal year 2023, via the National Center for Charitable Statistics. Payout rate is DAF grants divided by DAF assets at year end. Recipient totals combine tax years 2019–2024 where filings are available. IRS release and parsing lag means recent years are incomplete for many organizations — NCCS advises treating the most recent year in the panel as partial.