To increase philanthropy and maximize its impact over time.
Vanguard Charitable Endowment Program’s recent grantmaking is dominated by donor-advised fund distributions that move through qualified nonprofits for the recipient’s exempt purpose, with very large individual grants at the top end. A 2025 grant of $308,265,198 to Impactassets in Bethesda, MD stands out, and the same pattern appears in other large grants such as $72,338,861 to Givewell in Oakland, CA and $51,089,204 to Goldman Sachs Philanthropy Fund in New York, NY. Those grants show a platform that can channel substantial capital to intermediary charities as well as operating nonprofits. The foundation’s public program structure also includes donor-recommended grants, international granting services, and a sustainable disaster-relief fund, indicating that it serves both broad donor-directed philanthropy and specific thematic funding. Recent recipients include education organizations, scholarship funds, and internationally oriented charities such as Kyiv School of Economics in Brooklyn, NY and International Rescue Committee Inc in New York, NY. The organization’s stated aim is to increase philanthropy and maximize its impact over time, and its giving is built around flexibility rather than a single program area or fixed project model.
Education is a visible part of the foundation’s recent activity. It gave $35,771,924 to The Center for Education Reform in Washington, DC and $20,208,500 to Teach for America Inc in New York City, NY, both for the recipient’s exempt purpose. Higher education also appears in the recent-grants list through $16,224,976 to Stanford University in Stanford, CA. International and humanitarian grantmaking is another recurring theme. The foundation granted $16,729,520 to International Rescue Committee Inc in New York, NY, and its active program structure includes international granting services through intermediaries and CAF America. Disaster relief is supported through the Sustainable Disaster-Relief Fund, which is designed for intermediate to long-term recovery and humanitarian assistance. The recent-grants table also shows scholarship-related support through Worthington Scholarship Foundation in Rockland, ME, reinforcing that the platform can fund both service delivery and educational access.
$3.4B
$27.3B
$6.7B
$3.5B
Most grants fall between $10K and $41K, with a median of $16K.
25th Percentile
$10K
Median
$16K
75th Percentile
$41K
About 6% of grants go to recipients in CA.
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Grant sizes cluster around mid-five-figure awards, with a p25 of $10,000, a median of $16,200, and a p75 of $40,562. At the same time, the recent-grants list includes much larger donor-directed transfers, showing a wide range in transaction size. The organization is a Pure DAF Provider, so its grants are primarily donor-recommended rather than operating like a traditional foundation making independent program awards. The recent record also includes repeated recipients across multiple years, such as Impactassets, Fidelity Investments Charitable Gift Fund, Bright Funds Foundation, Schwab Charitable Fund, and the Center for Education Reform. That repetition suggests ongoing donor relationships rather than one-off awards. Several active programs are not open to unsolicited applications, while the disaster-relief fund does accept unsolicited submissions.
Giving is national, and the recent-grants list is entirely U.S.-based. New York is the top state by grant count, while Pennsylvania accounts for 7% of grants. Recent recipients are concentrated in major cities including New York, NY; Washington, DC; Oakland, CA; Boston, MA; and Brooklyn, NY. Other frequently appearing locations include San Jose, CA, Redwood City, CA, San Francisco, CA, and Bethesda, MD. The recipient-country distribution shows 100% of grants going to U.S. organizations.
It is a Pure DAF Provider. Its grants are driven by donor recommendations from donor-advised fund accounts, and the recent grants are typically made for the recipient’s exempt purpose rather than under a single, narrow program model.
The typical grant profile is $10,000 at the 25th percentile, $16,200 at the median, and $40,562 at the 75th percentile. That range sits alongside much larger donor-directed transfers in the recent-grants list.
The recent-grants data shows 100% of grants to U.S. recipients. The active program structure does include international granting services and facilitated international grants through intermediaries or CAF America, but the recipient-country distribution in the available grant data is entirely domestic.
Yes. Several recipients appear more than once across the recent-grants list, including Impactassets, Fidelity Investments Charitable Gift Fund, Bright Funds Foundation, Schwab Charitable Fund, and The Center for Education Reform. That pattern points to repeated donor recommendations over multiple years.
Recent and active programs show support for disaster relief, social justice, health, education, and international giving. Named recent grants also point to education, scholarship, and humanitarian support, including The Center for Education Reform, Teach for America Inc, Worthington Scholarship Foundation, and International Rescue Committee Inc.
REBECCA MOFFETT
2026
Source: IRS Form 990-PF, fiscal year 2026.
Current and upcoming funding from Vanguard Charitable Endowment Program that your nonprofit may be able to apply for.
Who can apply: Open to 501(c)(3) registered nonprofit organizations. LOIs must demonstrate alignment with one of the Philanthropic Impact Fund's focus areas. If the LOI is approved, the organization is invited to submit a full proposal.
Deadline: Request for LOIs: closed; next granting cycle to be announced in Fall 2026.
Who can apply: Open to 501(c)(3) registered nonprofit organizations. Funding is awarded through a competitive request for proposal process.
Deadline: Request for proposals: closed; next LOI opportunity expected in Fall 2026.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| THE CLEAR FUND | OAKLAND, CA | $101,439,692 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | BOSTON, MA | $87,288,229 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| RENAISSANCE CHARITABLE FOUNDATION INC | INDIANAPOLIS, IN | $85,146,152 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| DEMOCRACY FUND INC | WASHINGTON, DC | $64,750,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| NATIONAL CHARITABLE ENDOWMENT INC | DARIEN, CT | $50,000,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| DONOR ADVISED CHARITABLE GIVING | SAN FRANCISCO, CA | $46,308,571 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| HUMANITY UNITED | SAN FRANCISCO, CA | $36,117,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| NATIONAL PHILANTHROPIC TR | JENKINTOWN, PA | $31,579,852 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| FOLLOW YOUR DREAM FOUNDATION INC | NEW YORK, NY | $31,252,389 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CORNELL UNIVERSITY | ITHACA, NY | $28,898,010 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| DUKE UNIVERSITY | DURHAM, NC | $26,620,804 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| UATX | AUSTIN, TX | $26,389,500 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CONVERGENT RESEARCH INC | CAMBRIDGE, MA | $25,100,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| SPIRIT OF AMERICA WORLDWIDE | ARLINGTON, VA | $25,080,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| ARC RESEARCH INSTITUTE | PALO ALTO, CA | $20,501,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| LIVINGSTONE COLLEGE | SALISBURY, NC | $20,000,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIO | STANFORD, CA | $18,471,127 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| THE SEATTLE FOUNDATION | SEATTLE, WA | $18,037,488 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| M Y KEREN HASHLUCHIM INC | BROOKLYN, NY | $17,970,130 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CHARITIES AID FOUNDATION AMERICA | ALEXANDRIA, VA | $17,918,164 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| GIVEDIRECTLY INC | NEW YORK, NY | $17,087,572 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CATAWBA COLLEGE | SALISBURY, NC | $16,650,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| NATURE CONSERVANCY | ARLINGTON, VA | $16,183,843 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| LUBETZKY FAMILY FOUNDATION | NEW YORK, NY | $16,110,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| ENVIRONMENTAL DEFENSE FUND INCORPORATED | NEW YORK, NY | $14,934,591 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| MEDECINS SANS FRONTIERES USA INC | NEW YORK, NY | $14,034,872 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| UNIVERSITY OF NOTRE DAME DU LAC | NOTRE DAME, IN | $13,268,450 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| HOPELAB FOUNDATION INC | SAN FRANCISCO, CA | $13,072,849 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE | CAMBRIDGE, MA | $12,994,415 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| INTERNATIONAL RESCUE COMMITTEE INC | NEW YORK, NY | $12,665,677 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| P E F ISRAEL ENDOWMENT FUNDS INC | NEW YORK, NY | $12,617,100 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| AMERICAN NATIONAL RED CROSS | WASHINGTON, DC | $12,211,196 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CENTER FOR EDUCATION REFORM | WASHINGTON, DC | $11,350,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| PRINCETON UNIVERSITY | PRINCETON, NJ | $11,284,522 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| ATLAS ECONOMIC RESEARCH FOUNDATION | ARLINGTON, VA | $11,108,650 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| TRUSTEES OF TUFTS COLLEGE | MEDFORD, MA | $10,997,224 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| MERCATUS CENTER INC | ARLINGTON, VA | $10,639,750 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| NOVA UKRAINE | PALO ALTO, CA | $10,581,500 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| KYIV SCHOOL OF ECONOMICS | WASHINGTON, DC | $10,000,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| PLANNED PARENTHOOD FEDERATION OF | NEW YORK, NY | $9,469,594 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS | SALT LAKE CITY, UT | $9,332,737 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CHARTER FUND INC | DENVER, CO | $9,300,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY | PHILADELPHIA, PA | $9,031,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| AMERICAN FRIENDS OF UNIVERSITY COLLEGE OXFORD INC | GLASTONBURY, CT | $8,066,500 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| WORLD CENTRAL KITCHEN INCORPORATED | WASHINGTON, DC | $8,052,193 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| AMERICAN CIVIL LIBERTIES UNION FOUNDATION INC | NEW YORK, NY | $7,588,789 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| CENTRAL FUND OF ISRAEL | CEDARHURST, NY | $7,583,802 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| COMMUNITIES FOUNDATION OF OKLAHOMA INC | OKLAHOMA CITY, OK | $7,424,360 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| REYNOLDS FOUNDATION INC | MIAMI, FL | $7,301,001 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
| STATE DEMOCRACY PROJECT | BROOKLYN, NY | $7,000,000 | 2026 | FOR RECIPIENT'S EXEMPT PURPOSE |
DEMOCRACY FUND INC
$64,750,000FOR RECIPIENT'S EXEMPT PURPOSE
NATIONAL CHARITABLE ENDOWMENT INC
$50,000,000FOR RECIPIENT'S EXEMPT PURPOSE
FOR RECIPIENT'S EXEMPT PURPOSE
HUMANITY UNITED
$36,117,000FOR RECIPIENT'S EXEMPT PURPOSE
FOR RECIPIENT'S EXEMPT PURPOSE
M Y KEREN HASHLUCHIM INC
$17,970,130FOR RECIPIENT'S EXEMPT PURPOSE
LUBETZKY FAMILY FOUNDATION
$16,110,000FOR RECIPIENT'S EXEMPT PURPOSE
CENTER FOR EDUCATION REFORM
$11,350,000FOR RECIPIENT'S EXEMPT PURPOSE
THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS
$9,332,737FOR RECIPIENT'S EXEMPT PURPOSE
THE WISTAR INSTITUTE OF ANATOMY AND BIOLOGY
$9,031,000FOR RECIPIENT'S EXEMPT PURPOSE
AMERICAN FRIENDS OF UNIVERSITY COLLEGE OXFORD INC
$8,066,500FOR RECIPIENT'S EXEMPT PURPOSE
FOR RECIPIENT'S EXEMPT PURPOSE
REYNOLDS FOUNDATION INC
$7,301,001FOR RECIPIENT'S EXEMPT PURPOSE