Vanguard Charitable

Warwick, RI   |  vanguardcharitable.org

Mission

Vanguard Charitable is an independent public charity sponsoring donor-advised funds – a low-cost, tax-effective way to consolidate, accrue, and grant assets to charity. Our mission is to increase philanthropy and maximize its charitable impact over time.

Ruling year info

1997

President

Jane Greenfield

Main address

P.O. Box 9509

Warwick, RI 02889 USA

Show more contact info

EIN

23-2888152

NTEE code info

Other Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (T99)

IRS filing requirement

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

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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Charitable giving in the United States has stalled at roughly two percent of disposable personal income over the past 40 years. With mounting concerns about state and federal governments' ability to respond to urgent societal needs, charities and nonprofits will likely be asked to do more to fill the void and support vital services within our communities. Charitable individuals and charities both must endeavor to be more strategic, efficient, and impactful in their work. We aim to help make this happen.

Our programs

SOURCE: Self-reported by organization

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

Donor-Advised Funds

Vanguard Charitable increases philanthropy and maximizes its impact over time by offering a simple way for donors to support favorite charitable causes over the short and long term. Donors make irrevocable, tax-deductible contributions to accounts established with Vanguard Charitable, and then recommend grants to public charities over time.

Population(s) Served
Adults

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Related Program

Donor-Advised Funds

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

See annual 990, Part 1, Line 13.

Total number of grants awarded

This metric is no longer tracked.
Totals By Year
Related Program

Donor-Advised Funds

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

See annual 990, Schedule O, Part III, Line 4a

Average grant amount

This metric is no longer tracked.
Totals By Year
Related Program

Donor-Advised Funds

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Total dollars received in contributions

This metric is no longer tracked.
Totals By Year
Related Program

Donor-Advised Funds

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

See annual 990, Part 1, Line 8.

Number of donor-advised funds

This metric is no longer tracked.
Totals By Year
Related Program

Donor-Advised Funds

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Context Notes

See annual 990, Schedule D, Part 1, Line 1(a).

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

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

Vanguard Charitable aims to increase philanthropy and maximize its impact over time. We do this by sponsoring donor-advised funds—a powerful giving vehicle and a tax-effective way to consolidate, accrue, and grant money to nonprofit organizations. As one of the largest grantmaking organizations in the country, our goal is to continue to empower individuals to strategically fulfill their charitable goals and positively impact the people and causes they care about most, both today and tomorrow.

We work to drive sustainable growth within the nonprofit sector by providing the highest-value donor-advised fund. We grow our donors' charitable assets through Vanguard investments and offer some of the lowest fees in the industry. We prioritize long-term, strategic philanthropy to meet the most challenging needs in society. Our commitment to operational excellence ensures that our donors can amplify their charitable impact over time.

We maintain a unique, ongoing relationship with The Vanguard Group, Inc., which founded Vanguard Charitable in 1997 as an independent public charity. Vanguard continues to provide us with investment management and administrative assistance pursuant to a service agreement. The relationship, which allows us to pass along to our donors the direct benefits of Vanguard's at-cost investments, is strengthened by our commitment to shared values: diversification, long-term planning, and low costs.

Our core belief is that individuals and families at all levels of wealth can be philanthropists. We consider the responsible management of our charitable assets, along with steadfast governance on the part of our staff and operations, to be essential to our work. We help donors convert appreciated securities and other complex assets into charitable dollars that can be readily disbursed to charities. We conduct due diligence and other administrative tasks on behalf of our donors to ensure ease in giving and compliant granting. We draw on industry expertise to help donors research organizations and collaborate with their chosen nonprofits. We encourage a multi-generation approach that helps individuals and families establish and carry on a giving legacy. We are there each step of the way.

Vanguard Charitable team members are united by a common interest in charitable giving and public service. We put our mission to action by organizing staff fundraisers and office-wide community service days, and by encouraging team members to take paid time off for volunteer work.

Since our inception in 1997, we've granted over $10 billion (via nearly 1,000,000 individual grants) to nonprofit organizations around the country and world. Our number of grants issued and total dollars granted have increased each of the past five years. In 2018, our grants for a single calendar year exceeded $1 billion for the first time in our history. In both 2019 and 2020, this total increased again.

As Vanguard Charitable looks forward, we will remain responsive to our donors and nonprofit partners. As a result of conversations with donors, for example, we now offer 20 investment options across a broad range of risk—and an updated and simplified online grant recommendation process. As always, we are committed to providing these services at a low cost.

To continually improve our donor-advised fund and the service we offer, we plan to:

• Tailor our technology platform to donors' ongoing needs and maintain our commitment to making giving easy.
• Further spread awareness of the benefits of giving with a donor-advised fund through presentations, research papers, commentary, and discussions with philanthropic leaders.
• Partner closely with stakeholders, including nonprofit organizations and financial advisors, both of whom play critical roles in strategic charitable conversations with donors.
• Continue to drive down the cost of giving so that the most money possible goes to the charitable organizations that need it.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization collecting feedback from the people you serve?

  • How is your organization using feedback from the people you serve?

  • With whom is the organization sharing feedback?

  • Which of the following feedback practices does your organization routinely carry out?

  • What challenges does the organization face when collecting feedback?

Financials

Vanguard Charitable
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Operations

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

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Vanguard Charitable

Board of directors
as of 6/3/2021
SOURCE: Self-reported by organization
Board chair

Mr. John Brennan

Vanguard

Term: 1997 -

Michael Holland

Holland & Company, LLC

John Brennan

Vanguard

Vikram Dewan

Philadelphia Zoo

Pamela Choney

Wellington Management Company, LLP

Thomas Lanctot

William Blair & Company

Karin Risi

Vanguard

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and 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

Organizational demographics

SOURCE: Self-reported; last updated 05/27/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data