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Virginia · Nonprofit

Donors Trust Inc

Donors Trust Inc (Virginia) receives grants from 128 organizations whose IRS filings report $834,578,986 to it, the largest being THE 85 FUND ($335,577,846). 67 of them have funded it in more than one year. Donors Trust Inc administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.

Revenue FY2024
$294M
Funders on record
128
Grants received
$835M
Net assets
$1.4B
67/128 repeat funders

Hosts funds for others

Donors Trust Inc administers funds on behalf of other donors. The grants recorded as coming in are contributions into those funds, so they count custody rather than support for a programDonors Trust Inc runs itself. This page therefore states the flows and does not draw the comparisons it would draw for an operating charity: concentration, funder retention, grant dependency and the peer field are all left out, because each of them would read a vehicle as if it were a program.

Paid out

$1.2B

Recipients

1,254

Contributions on record

$869M

Donors on record

131

Payments out are 1.43x the contributions on record, so most of what arrives moves on within the period covered here.

01The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.

100 = 20202020 Revenue 100 ($360M) Expenses 100 ($186M) Net assets 100 ($607M)2021 Revenue 304 ($1.1B) Expenses 103 ($192M) Net assets 248 ($1.5B)2022 Revenue 90 ($323M) Expenses 134 ($248M) Net assets 228 ($1.4B)2023 Revenue 44 ($158M) Expenses 193 ($358M) Net assets 212 ($1.3B)2024 Revenue 82 ($294M) Expenses 157 ($292M) Net assets 224 ($1.4B)
20202021202220232024
Revenue (82)Expenses (157)Net assets (224)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $608M to $1.5B (+148%).

$608M
$1.5B
$1.4B
$1.3B
$1.4B
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$174M
’20
$903M
’21
$75M
’22
−$200M
’23
$2.9M
’24
8.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Lawson R Bader

President and CEO

Board chair

Kimberly O Dennis

Chair

As listed on its FY2024 Form 990.

20202021202220232024
Listed87121312
Joined·+0+5+1+0
No longer listed·1001
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 23 funders to 44 funders, grant income rose $6.5M → $144M.

27 of 128 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $25M from 2 payers (an institutional transfer, not a grant programme, largest Counter Extremism Project United Inc); $9.4M from one payer (the payer shares this organization's board, largest Donors Capital Fund Inc). These are real filings, and they are not money Donors Trust Inc raised.

From the IRS filings of Donors Trust Inc’s funders (the co-funder graph). Top 30 of 128 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

Donors Trust Inc draws 99% of its grant income from funders outside Virginia, across 26 states in all.

IL
WI
MI
NY
MA
NV
IA
OH
PA
NJ
CT
CA
UT
CO
MO
VA
MD
DE
NM
KS
NC
DC
LA
GA
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $226M arriving through sponsors registered in 15 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field
04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

98% of spending goes to programs.

Program 98%Management 1%Fundraising 1%

Governance

5
board members
80%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

38%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 39 states

AK
ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
OH
PA
NJ
CT
RI
CA
UT
CO
MO
KY
WV
VA
MD
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
MS
AL
GA
FL

Part of a family of 6 related entities

  • Donors Trust LLC · disregarded
  • Talent Market LLC · disregarded
  • DT Investments I LLC · disregarded
  • Galen Institute at Donors LLC · disregarded
  • Donors Capital Fund Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for Donors Trust Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Donors Trust Inc?
Donors Trust Inc (Virginia) receives grants from 128 organizations whose IRS filings report $834,578,986 to it, the largest being THE 85 FUND ($335,577,846). 67 of them have funded it in more than one year. Donors Trust Inc administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
How many funders does Donors Trust Inc have?
IRS filings report 128 organizations giving $834,578,986 in grants to Donors Trust Inc, 67 of which have funded it in more than one year.
Who is the largest funder of Donors Trust Inc?
THE 85 FUND is the largest funder on record, with $335,577,846 in grants. The full list of funders is on this page.
How can an organization like Donors Trust Inc find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 128 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing