Philanthropy, Voluntarism, and Grantmaking

American Endowment Foundation

  • Hudson, OH
  • www.aefonline.org

Mission Statement

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.

Main Programs

  1. Grant-Making
  2. Workplacing Microgiving

service areas

National

Self-reported by organization

ruling year

1994

chief executive

Mr. Thomas Tobin

Self-reported by organization

Keywords

Donor Advised Fund, DAF, family foundation, Tax advnatages of Donor Advised Funds, Lasting Legacy, Charitable planning for business owners

Self-reported by organization

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EIN

34-1747398

Physical Address

1521 Georgetown Rd. Ste 104

Hudson, 44236

Also Known As

AEF

Contact

Cause Area (NTEE Code)

Public Foundations (T30)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Impact statement

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.

Programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

Self-reported by organization

Program 1

Grant-Making

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.

Category

Philanthropy, Voluntarism & Grantmaking

Budget

$0.00

Population Served

General Public/Unspecified

Program 2

Workplacing Microgiving

Non-profit for Benevity workplace giving program.

Category

None

Budget

Population Served

None

None

None

Charting Impact

Five powerful questions that require reflection about what really matters - results.

Self-reported by organization

  1. What is the organization aiming to accomplish?
    AEF would like to become the Nations number one Donor Advised program for we work with all investment platforms and make an easy philantrophy vehicle availble to all donors. Our organization through the recommendations from our donors have recommended grant to thousands of organizations each year which is turn touches and helps many of the nonprofits here in the US. Goal is to grow the foundation so that more funds can be granted out each year.
  2. What are the organization's key strategies for making this happen?
    AEF works with financial advisors and various financial institutions and can provide a donor advised fund solution that fits their needs. We take the personal approach and have employed more people to help us reach out to those that may have clients that are in need of a charitable solution. More donors will increase our annual grant making to nonprofits.
  3. What are the organization's capabilities for doing this?
    AEF has shown steady growth over the last few years which has allowed us to grow as needed. We embrace new technology and implement as needed but still provide a personal service to our business. Our goal is to become the preferred National Donor Advised fund, grow our assets which in turn will increase our grant making to other nonprofits.
  4. How will they know if they are making progress?
    AEF looks at fund balance growth along with the number of funds we have. The other factor we look at is the the public support test which is part of the 990 and also the percentage of grants made to our total fund balance. We have been showing a steady increase in growth over our 20 years in business and plan on continuing to help donors fulfill their philantropic goals.
  5. What have and haven't they accomplished so far?
    AEF wants to become the preferred National Donor Advised Fund program. We are projecting continued growth and have shown this over the last few years.

service areas

National

Self-reported by organization

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

AMERICAN ENDOWMENT FOUNDATION
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

American Endowment Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair and Board Members
  • Access to the GuideStar Knowledge Base Search
Need the ability to download nonprofit data and more advanced search options? Consider a Premium or Pro Search subscription.

CHIEF EXECUTIVE FOR FISCAL YEAR

Mr. Thomas Tobin

BIO

Thomas J. Tobin is co-founder of AEF. Tom is President/CEO of American Endowment Foundation.

Governance

BOARD CHAIR

Philip Tobin

AEF

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?