Civic Intelligence

Charityvest Inc

EIN 81-2771871 • 501(c)3 • Fairfield, CT

Profile

Charityvest, inc. Is a modern donor-advised fund sponsoring organization with the mission of making giving simple for every donor and charity, because a generous life is a better life. We believe that giving should be accessible, enabling individuals to make generosity an integrated part of their daily financial lives. We believe that giving should be easy, free of traditional barriers which hold us back from being our most generous selves. We believe that giving should be for everyone, giving funds that are scalable and make intentional giving fast, frictionless, and free to participate.

55 Walls Drive Suite 302Fairfield, CT 06824

www.charityvest.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

92nd percentile

54%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

5th percentile

$0

Higher top officer pay than 5% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

99th percentile

158%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

160%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$103,373,166

Up $63,248,600 (+158%) from 2023

Liabilities

Up

$200,542

Up $152,799 (+320%) from 2023

Net Assets

Up

$103,172,624

Up $63,095,801 (+157%) from 2023

Revenue

Up

$113,380,722

Up $69,749,451 (+160%) from 2023

Expenses

Up

$52,603,302

Up $20,310,440 (+63%) from 2023

Net Income

Up

$60,777,420

Up $49,439,011 (+436%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2019: $1,035,214Liabilities 2019: $148,767Net Assets 2019: $886,4472019Assets 2020: $5,764,146Liabilities 2020: $2,395,697Net Assets 2020: $3,368,4492020Assets 2021: $15,601,912Liabilities 2021: $3,906Net Assets 2021: $15,598,0062021Assets 2022: $28,749,604Liabilities 2022: $7,486Net Assets 2022: $28,742,1182022Assets 2023: $40,124,566Liabilities 2023: $47,743Net Assets 2023: $40,076,8232023Assets 2024: $103,373,166Liabilities 2024: $200,542Net Assets 2024: $103,172,6242024

Highlighted filing

2024

Assets$103,373,166
Liabilities$200,542
Net Assets$103,172,624

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0Revenue 2019: $1,024,888Expenses 2019: $154,068Net Income 2019: $870,8202019Revenue 2020: $8,099,478Expenses 2020: $5,617,476Net Income 2020: $2,482,0022020Revenue 2021: $25,642,589Expenses 2021: $13,478,396Net Income 2021: $12,164,1932021Revenue 2022: $32,960,498Expenses 2022: $20,062,431Net Income 2022: $12,898,0672022Revenue 2023: $43,631,271Expenses 2023: $32,292,862Net Income 2023: $11,338,4092023Revenue 2024: $113,380,722Expenses 2024: $52,603,302Net Income 2024: $60,777,4202024

Highlighted filing

2024

Revenue$113,380,722
Expenses$52,603,302
Net Income$60,777,420

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$130,726,135
Mission and Program Overview

Mission

Charityvest, inc. Is a modern donor-advised fund sponsoring organization with the mission of making giving simple for every donor and charity, because a generous life is a better life. We believe that giving should be accessible, enabling individuals to make generosity an integrated part of their daily financial lives. We believe that giving should be easy, free of traditional barriers which hold us back from being our most generous selves. We believe that giving should be for everyone, giving funds that are scalable and make intentional giving fast, frictionless, and free to participate.

To catalyze generosity by making giving simple for every donor through a premier donor-advised fund program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,447,235$54,586,714▲ $39,139,479
Investments Other Securities$22,008,923$44,336,678▲ $22,327,755
Cash and Non-Interest-Bearing Accounts$2,627,624$4,388,707▲ $1,761,083
Accounts Receivable$40,784$61,067▲ $20,283
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$40,124,566$103,373,166▲ $63,248,600
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$47,743$200,542▲ $152,799
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$47,743$200,542▲ $152,799
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$40,076,823$103,172,624▲ $63,095,801
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$40,076,823$103,172,624▲ $63,095,801
Total Liabilities and Net Assets / Fund Balance$40,124,566$103,373,166▲ $63,248,600

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$243,978--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stephen KumpPresident
Heather GrizzleDirector
Nate WongDirector
Paurvi BhattDirector
Paul GlyerChariman
Revenue and Support

Revenue Composition

Contributions and Grants
$111,895,516
Program Service Revenue
$0
Investment Income
$1,485,206
Other Revenue
$0
All Other Contributions
$111,895,516
Change in Net Assets
$60,777,420

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded793$20,681,545Fair Market Value (FMV)
Other Non Cash Contri Table201$2,979,085Fair Market Value (FMV)
Total Noncash Contributions994$23,660,630-

Audited Revenue Reconciliation

Revenue per Audited Statements
$113,380,722
Revenue Not Reported on Form 990
$2,318,381
Total Revenue per Audited Statements
$115,699,103
Total Revenue per Form 990
$113,380,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$51,791,362
Other Expenses$811,940
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$51,791,362--$51,791,362
Fees for Services Legal-$62,102-$62,102
Information Technology$48,121--$48,121
Other Expenses$22,370-$0$22,370
Office Expenses$14,072--$14,072
Depreciation Depletion-$12,138-$12,138
Total Functional Expenses$52,529,062$74,240$0$52,603,302

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$52,603,302
Total Expenses per Audited Statements$52,603,302
Total Expenses per Form 990$52,603,302
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Total Grants Paid-501(c)(3)Program Support$51,791,362
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Section A, Line 3

BEGINNING JANUARY 1, 2020, CHARITYVEST, INC. DELEGATED CERTAIN MANAGEMENT DUTIES TO VENNFI, INC. During 2024, Vennfi, inc. was acquired by Foundation Source Philanthropic Services Inc. ("Foundation Source") and the agreement was maintained in place with Foundation Source. FOUNDATION SOURCE IS A FOR-PROFIT CORPORATION FOCUSED ON BUILDING TECHNOLOGY THAT ENABLES GENEROSITY. FOUNDATION SOURCE IS IN CHARGE OF PRODUCING SCALABLE, FLEXIBLE TECHNICAL PRODUCTS AND DELIVERING SUPPORT OF CHARITYVEST, INC. AND ITS DONOR-ADVISED FUND PROGRAMS. STEPHEN KUMP, PRESIDENT OF CHARITYVEST, INC., IS COMPENSATED BY FOUNDATION SOURCE FOR HIS WORK ON SAID MANAGEMENT DUTIES PROVIDED TO CHARITYVEST, INC. STEPHEN KUMP'S 2024 REPORTABLE COMPENSATION RECEIVED FROM VENNFI, INC. TOTALED $163,944.

Part VI, Section B, Line 11

The form 990 is distributed via email to all members of the board of directors for discussion, review, and an approval vote prior to filing the return.

Part VI, Section B, Line 12

The Board of Directors of Charityvest, Inc. adopted a conflict of interest policy that exceeds the standards set forth in the IRS Sample Conflict of Interest Policy. Directors who may have (directly, or through immediate family members) financial or nonfinancial interests are required to disclose such interest to the Board, which will make an independent determination as to whether or not a conflict exists. Should a conflict exist, the conflicted Director may not vote or participate in the deliberations or decision with respect to the conflicted matter. conflicted matter.

Part VI, Section C, Line 17

Charityvest actively reviews state registration requirements when soliciting or receiving donations. As they expand their footprint, the states requiring a 990 filing will subsequently update to reflect their activities.

Part VI, Section C, Line 19

The organization's historical annual tax returns, financial statements, and policies, as well as other such documents, may be found on the charityvest website, at www.charityvest.org/legal

Filing and Contact Details

Filer

Filer Name
Charityvest Inc
EIN
81-2771871
In Care Of
% FOUNDATION SOURCE
Phone
4045386170
Address
55 Walls Drive Suite 302, Fairfield, CT 06824

Signing Officer

Name
Stephen Kump
Title
President
Phone
7063325637
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Kump
Formed
2016
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Sabre J Linahan
Phone
4048746244
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2

The Organization is exempt from federal income taxes under the provisions of 501(c)(3) of the Internal Revenue Code. The Internal Revenue Service has determined that the Organization is not a private foundation as defined by 509(a)(1) of the Code. The Organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether the income tax positions the Organization takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Organization is subject to examination by the federal and state taxing authorities. In general, the Organization is subject to tax examinations since December 31, 2021.

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IRS990/MissionDesc0CHARITYVEST, INC. IS A MODERN DONOR-ADVISED FUND SPONSORING ORGANIZATION WITH THE MISSION OF MAKING GIVING SIMPLE FOR EVERY DONOR AND CHARITY, BECAUSE A GENEROUS LIFE IS A BETTER LIFE. WE BELIEVE THAT GIVING SHOULD BE ACCESSIBLE, ENABLING INDIVIDUALS TO MAKE GENEROSITY AN INTEGRATED PART OF THEIR DAILY FINANCIAL LIVES. WE BELIEVE THAT GIVING SHOULD BE EASY, FREE OF TRADITIONAL BARRIERS WHICH HOLD US BACK FROM BEING OUR MOST GENEROUS SELVES. WE BELIEVE THAT GIVING SHOULD BE FOR EVERYONE, GIVING FUNDS THAT ARE SCALABLE AND MAKE INTENTIONAL GIVING FAST, FRICTIONLESS, AND FREE TO PARTICIPATE.
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IRS990/OtherExpensesGrp/Desc1ADVISOR FEES
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IRS990/OtherExpensesGrp/FundraisingAmt10
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IRS990/OtherExpensesGrp/ProgramServicesAmt122370
IRS990/OtherExpensesGrp/TotalAmt0653137
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0STEPHEN KUMP
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06136
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0234057479
IRS990ScheduleA/TotalSupportAmt0236681991
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/DonorAdvisedFundsContriAmt0111895516
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt051791362
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IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1243978
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS - SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1OTHER INVESTMENTS
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
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IRS990ScheduleD/RevenueSubtotalAmt0113380722
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from federal income taxes under the provisions of 501(c)(3) of the Internal Revenue Code. The Internal Revenue Service has determined that the Organization is not a private foundation as defined by 509(a)(1) of the Code. The Organization annually evaluates all federal and state income tax positions. This process includes an analysis of whether the income tax positions the Organization takes meet the definition of an uncertain tax position under the Income Taxes Topic of the Financial Accounting Standards Codification. In the normal course of business, the Organization is subject to examination by the federal and state taxing authorities. In general, the Organization is subject to tax examinations since December 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2
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IRS990ScheduleD/TotalExpensesPerForm990Amt052603302
IRS990ScheduleD/TotalLiabilityAmt00
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0115699103
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt052603302
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt051791362
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TOTAL GRANTS PAID
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0CHARITYVEST PRESENTS IMPORTANT LEGAL INFORMATION REGARDING ACCEPTABLE GRANT RECOMMENDATIONS (E.G., "EXCLUSIVELY CHARITABLE PURPOSES") WITH BOTH DONORS WHEN MAKING THE GRANT, AS WELL AS CHARITIES WHEN RECEIVING A GRANT CHECK OR ACCEPTING A GRANT DIGITALLY. ADDITIONALLY, CHARITYVEST SOFTWARE EXCLUSIVELY ALLOWS DONORS TO RECOMMEND GRANTS TO ELIGIBLE CHARITABLE ORGANIZATIONS, AND FOR PAYMENT TO BE REMITTED TO VERIFIED ORGANIZATIONAL ADDRESSES OR ACCOUNTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
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IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CRYPTOCURRENCY
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0true
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0793
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ITEMS IN COLUMN B REPRESENT THE NUMBER OF CONTRIBUTIONS.
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt1Charityvest, Inc. contracts with Vennfi, Inc. (acquired by Foundation Source Philanthropic Services Inc. ("Foundation Source")) to provide software and services to receive & liquidate publicly-traded security and cryptocurrency contributions. The organization also works in non-contractual partnership with Charitable Solutions LLC and Dechomai Foundation Inc. to facilitate donations of complex, non-publicly-traded assets. It does not receive any of these donations directly; only cash proceeds from the liquidation of complex assets donated into Dechomai Foundation Inc.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PART 1
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE M, PART 1, LINE 32A
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEGINNING JANUARY 1, 2020, CHARITYVEST, INC. DELEGATED CERTAIN MANAGEMENT DUTIES TO VENNFI, INC. During 2024, Vennfi, inc. was acquired by Foundation Source Philanthropic Services Inc. ("Foundation Source") and the agreement was maintained in place with Foundation Source. FOUNDATION SOURCE IS A FOR-PROFIT CORPORATION FOCUSED ON BUILDING TECHNOLOGY THAT ENABLES GENEROSITY. FOUNDATION SOURCE IS IN CHARGE OF PRODUCING SCALABLE, FLEXIBLE TECHNICAL PRODUCTS AND DELIVERING SUPPORT OF CHARITYVEST, INC. AND ITS DONOR-ADVISED FUND PROGRAMS. STEPHEN KUMP, PRESIDENT OF CHARITYVEST, INC., IS COMPENSATED BY FOUNDATION SOURCE FOR HIS WORK ON SAID MANAGEMENT DUTIES PROVIDED TO CHARITYVEST, INC. STEPHEN KUMP'S 2024 REPORTABLE COMPENSATION RECEIVED FROM VENNFI, INC. TOTALED $163,944.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS DISTRIBUTED VIA EMAIL TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR DISCUSSION, REVIEW, AND AN APPROVAL VOTE PRIOR TO FILING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Board of Directors of Charityvest, Inc. adopted a conflict of interest policy that exceeds the standards set forth in the IRS Sample Conflict of Interest Policy. Directors who may have (directly, or through immediate family members) financial or nonfinancial interests are required to disclose such interest to the Board, which will make an independent determination as to whether or not a conflict exists. Should a conflict exist, the conflicted Director may not vote or participate in the deliberations or decision with respect to the conflicted matter. conflicted matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Charityvest actively reviews state registration requirements when soliciting or receiving donations. As they expand their footprint, the states requiring a 990 filing will subsequently update to reflect their activities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S HISTORICAL ANNUAL TAX RETURNS, FINANCIAL STATEMENTS, AND POLICIES, AS WELL AS OTHER SUCH DOCUMENTS, MAY BE FOUND ON THE CHARITYVEST WEBSITE, AT WWW.CHARITYVEST.ORG/LEGAL
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION C, LINE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VI, SECTION C, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/StatesWhereCopyOfReturnIsFldCd1AK

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