#26 of 500 · Foundation / Grantmaker / DAF

Vanguard Charitable Endowment Program

EIN 23-2888152 · PA · NTEE T700 · Form 990, fiscal 2023

A not-for-profit organization based in Pennsylvania that sponsors donor-advised funds, one of the largest such programs in the United States. Founded by The Vanguard Group, it enables donors to contribute assets, receive tax deductions, invest the assets for tax-free growth (largely in Vanguard funds), and recommend grants to charities over time. It operates independently of Vanguard as its own nonprofit.

Financials, fiscal 2023

Revenue

$4.58B

Expenses

$2.14B

Total assets

$17.01B

Net assets

$16.98B

Operating margin

53.3%

1-year growth

47.8%

5-year growth (CAGR)

20.3%

Reserve (years of spending)

95.2

Contributions share

51.6%

Programme spending

0.0%

Fundraising cost

0.0%

Executive pay share

0.10%

Employees

129

Revenue per employee

$35.5M

Grants paid

$2.10B

Years filing

26

NFP Health Score: 92 / 100

Financial 83 · Governance 100 · Operational 100. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To increase philanthropy and maximize its impact over time.

Revenue history