PayPal Charitable Giving Fund
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
PayPal Charitable Giving Fund meets the 20 Standards for Charity Accountability.
Complaints
Number of complaints processed by the BBB in the last 36 months: 2
The organization addressed the complaint issues brought to its attention: 2
(These complaints involved charity donation fulfillment).
Stated Purpose:
"to develop innovative programs that introduce charitable giving in relevant and engaging ways to new audiences, benefitting the charity sector."
Year, State Incorporated:
2011, DC
PayPal Charitable Giving Fund (PPGF) works to raise awareness and support for nonprofits through creating philanthropic programs by partnering with businesses. The organization employs PayPal's assets and capabilities to create giving opportunities that raise unrestricted funds for a network of more than 175,000 enrolled charities in the United States. PPGF reports that the support from partner businesses allows the organization to grant 100% of donations received to charities.
For the year ended December 31, 2022, PayPal Charitable Giving Fund's program expenses were:
Program services: $470,208,226
Total Program Expenses: $470,208,226
Chief Executive
Nick Aldridge, Chief Executive Officer
Compensation*
$148,404
Chair of the Board
Oktay Dogramaci
Chair's Profession / Business Affiliation
Vice President, PayPal Giving, PayPal
Board Size
6
Paid Staff Size
8
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Nuru Kiyemba, Chief Financial Officer, was the highest paid employee, receiving $227,155 in compensation during 2022.
Method(s) Used:
Direct mail appeals, Internet
Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $469,435,544, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on PayPal Charitable Giving Fund's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Contributions | $457,462,471 |
| Program service revenue | $3,750,781 |
| In-kind contributions | $11,973,073 |
| Miscellaneous income | $1,569 |
| Total Income | $473,187,894 |
Programs: 100% Fundraising: 0% Administrative: 0%
| Total Income | $473,187,894 |
| Total expenses: | $472,267,854 |
| Program expenses | $470,208,226 |
| Fundraising expenses | $881,216 |
| Administrative expenses | $1,178,412 |
| Other expenses | $0 |
| Income in Excess of Expenses | $920,040 |
| Beginning Net Assets | $2,634,196 |
| Other Changes In Net Assets | $-80,310 |
| Ending Net Assets | $3,473,926 |
| Total Liabilities | $74,668,106 |
| Total Assets | $78,142,032 |
Note 1: As noted in the financial section above, “other changes in net assets” refers to foreign currency translation adjustment.
Note 2: According to the organization's 2022 audited financial statements - consolidated -, PPGF received in-kind contributions totaling $11,973,073 in the form of waived PayPal Inc. transaction fees ($9,537,682), personnel ($1,746,331), legal services (276,224), administrative services ($258,829), rent ($126,284), and software ($27,723).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance