The Independent Charitable Gift Fund
The Independent Charitable Gift Fund: CEO salary, finances and where donations go
“To encourage philanthropy and inspire Americans to create their legacy through donor advised funds.”
Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.
Methodology by Amir Arani, CPA, CA · Updated
- Top pay
- $252K William a Payne, 0.3% of spending
- Revenue
- $382.8M 93.9% from donations and grants
- Spent
- $90.2M 95.3% on programs, as reported
- Net assets
- $922.1M end of 2025
- Savings
- 122.6 months of spending, net assets ÷ spending
- People
- 13 employees, 1 volunteers
No red flags in its latest filing.
We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.
No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.
Of each dollar it spent, 95.3¢ went to programs, as reported.
For each dollar donated, The Independent Charitable Gift Fund spent 0¢ on fundraising.
Fundraising ÷ $359.6M contributions · Form 990 Parts VIII, IXNet assets: $1.3M to $922.1M in 7 years.
Net assets at each fiscal year end, 2017 to 2025.
The 5 highest-paid people.
Reportable pay in 2025, from the charity and related organizations.
The questions people ask about the The Independent Charitable Gift Fund.
Short, sourced answers. Each one stands on its own.
How much does the The Independent Charitable Gift Fund CEO make?
William a Payne, President/CEO, received $252,000 in reportable compensation in 2025, 0.3% of The Independent Charitable Gift Fund's $90.2M in spending.
Form 990 (2025), Part VIIWhat percentage of The Independent Charitable Gift Fund donations go to programs?
The Independent Charitable Gift Fund reported 95.3% of 2025 spending as programs, 0.6% as fundraising and 4% as management.
Form 990 (2025), Part IXHow much money does The Independent Charitable Gift Fund have?
Net assets were $922.1M at the end of 2025, about 122.6 months of spending.
Form 990 (2025), Part XDoes The Independent Charitable Gift Fund have any red flags in its filing?
Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.
Form 990 (2025)Every number, traced.
- The Independent Charitable Gift Fund Form 990, 2025 (IRS e-file)
- The Independent Charitable Gift Fund Form 990 history (ProPublica Nonprofit Explorer)
Amir Arani, “The Independent Charitable Gift Fund: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/the-independent-charitable-gift-fund/