Basic Organization Information
American Endowment Foundation
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T Philanthropy, Voluntarism, and Grantmaking
T30 Public Foundations
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American Endowment Foundation seeks to expand philanthropy in America by making it more attractive and more enjoyable for donors to practice philanthropy. The underlying principles that guide AEF in attaining this purpose are: Independence - AEF operates independently of financial institutions and other charities. AEF does not sell products or manage money. Our independence allows AEF to operate objectively and without conflict of interest. Flexibility - AEF offers maximum flexibility in terms of the types of assets donors can contribute, investment program donors recommend, and the range of charities that donors can support. Efficiency - AEF maximizes funds available for grantmaking by minimizing fees and expenses. Permanence - AEF encourages family involvement over successive generations.
Mr. Philip Tobin
Philip T. Tobin, President, is AEF's founder and CEO. He was formerly chief financial and administrative officer of The Cleveland Foundation, America's first community foundation. Phil was a founding director of The Investment Fund for Foundations (TIFF). Phil is a founding director of The Hudson Community Foundation. He is a graduate of the Wharton School of the University of Pennsylvania. Phil has held various management positions in finance, investment management and information services for UNIVAC, General Tire and Oglebay Norton. In the nonprofit sector, he served as Chief Financial and Administrative Officer of The Cleveland Foundation. Mr. Tobin is a former Founding Trustee of The Investment Fund for Foundation, and served as Chairman of The Council on Foundations' Fiscal and Administrative Officers Committee.
Officers for Fiscal Year (IRS Form 990)
Highest Paid Employees & Their Compensation (IRS Form 990)
Highest Paid Employee data is not available for this organization.
Philanthropy, Voluntarism & Grantmaking
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AEF's Donor Advised Fund allows you to manage your charitable giving, simply and efficiently. Because of the unique flexibility and independence of AEF's Donor Advised Fund program, you can tailor your fund to suit your unique needs. The advantages include: Significant Tax Benefits - You will enjoy the highest level of tax advantages available: An immediate income tax deduction on contributions to your Donor Advised Fund (better than that of a private foundation). No capital gains tax on contributions of appreciated assets and no capital gains tax if the appreciated assets are sold by your Fund. Any income or growth on assets with in a Donor Advised Fund is not subject to tax. Donor Advised Fund assets are out of your estate and not subject to estate taxes. Minimize year end giving concerns - You can take advantage of your tax benefits now, then support your favorite charitable causes by making grants in the future, on your own timetable. Speed - Most Donor Advised Funds can be set up in less than a day. Set up process is simple and straightforward. Flexibility - AEF accepts a wide range of asset types, for example: cash, marketable securities, closely held securities, real estate, life insurance policies, and interests in limited partnerships and LLCs. Investment Management - You can recommend the investment manager and how the Donor Advised Fund is invested. Confidentiality - Grants can be made anonymously. Complements existing plans - Your Donor Advised Fund integrates well with other financial planning strategies, for example: as remainderman of a charitable remainder trust, as beneficiary of a charitable lead trust, life insurance, a life estate, IRAs and retirement plans, etc. Stewardship - AEF provides consolidated record keeping and tax reporting. Leave a Legacy - Your Donor Advised Fund can continue over successive generations (in perpetuity). Minimal paperwork - AEF handles all the administrative tasks, thus freeing you and your family to concentrate on the more enjoyable side of family philanthropy.
Program Long-Term Success:
$70 Million granted to charities throughout the U.S. over the past 15 years
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AEF provides a way for everyone to set up a charitable fund that then makes grants to other nonprofits in the US. We process grants daily and allow our donors to recommendation grants to their favorite charities that meet the criteria for granting. Thousands of charities benefit from our Donor Advised funds annually.
For more in-depth information about this organization's impact, view their Charting Impact Report