Intuit Foundation


Mountain View, CA

Tax ID:


Tax-Exempt Status:


Budget (2019):

Revenue: $1,717,085
Expenses: $2,595,569
Assets: $399,868


Received tax-exempt status in 2002


Neutral Employee Gift-Matching Foundation


Laura Fennel

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The Intuit Foundation is the employee gift-matching arm of the bookkeeping and tax filing software company Intuit. The foundation utilizes the donor-advised fund, American Online Giving Foundation, to disperse matching funds and does not accept grant solicitations or make any other grants. 1 2

Intuit also administers a Super PAC, the Intuit 21st Century Leadership Fund PAC, and the Intuit Financial Freedom Foundation that is focused on donating tax filing software and other financial planning resources. 3 4

Founding and History

The Intuit Foundation received tax-exempt status in 2002. In 2004 the foundation matched employee charitable donations up to $1,000 per year for eligible charities. Eligible charities did not include faith-based organizations that discriminated in services; schools that promoted a specific religious viewpoint; or political, fraternal, and labor organizations. 5 As of 2021, the foundation matches employee donations up to $5,000 per person per fiscal year. Information regarding eligible charities is not publicly available. 6


In the fiscal year ending on July 31, 2020, the Intuit Foundation derived $4,145,809 from contributions and grants . The foundation had $3,3709,379 in expenses, of which $3,401,706 was paid out in grants and contributions. At the end of the fiscal year the foundation had $943,354 in assets, all of which were held in cash. 7

Issue Areas

The Intuit Foundation does not have an issue area portfolio or accept grant solicitations. The sole direct recipient of funding is the American Online Giving Foundation, a donor-advised fund. This funding matches employee charitable donations, so employees of Intuit determine where the funding ultimately goes. 8

As of guidelines published in 2004, the foundation will not match contributions to schools if they promote a specific religious viewpoint; any religious organization that discriminates in the delivery of social services; or political, fraternal, or labor organizations. 9


The Foundation does not directly contribute to any charitable organizations. Rather, donations are made to the American Online Giving Foundation, a charitable giving aggregations service that specializes in creating donor-advised funds for large corporations and their employees. 10


Laure Fennel is the president of the Intuit Foundation. She has been employed at Intuit for many years, including a 14-year stint as general counsel. In 2018 she became the chief people and places officer. 11

Fennel has contributed to a number of Democratic campaigns and PACs, including $500 to Friends for Harry Reid, $3,000 to Gillibrand for Senate, and 1,000 each to the Obama Victory Fund 2012 and Obama for America. However, in 2011 she did contribute $1,500 to Boehner for Speaker and an additional $1,500 to Friends of John Boehner, committees supporting Republican Rep. John Boehner. Additionally, Fennel has contributed $17,500 to Intuit’s political fund, the Intuit 21st Century Leadership PAC, over a period of several years. 12 This PAC has more or less evenly split its contributions between Democrats and Republicans over the last few cycles. 13


  1. Intuit Foundation, IRS (Form 990-PF), 2020, Part I
  2. American Online Giving Foundation. “American Online Giving Foundation.” Accessed October 8, 2021.
  3. “Intuit: Corporate Responsibility • Financial Empowerment.” Accessed October 8, 2021.
  4. “Intuit 21St Century Leadership Fund PAC.” Accessed October 8, 2021.
  5. “Donation Matching Program Guidelines,” August 1, 2004. Accessed October 7, 2021.
  6. “We Care and Give Back.” Accessed October 7, 2021.
  7. Intuit Foundation, IRS (Form 990-PF), 2020, Part I
  8. Intuit Foundation, IRS (Form 990-PF), 2020, Part XV
  9. “Donation Matching Program Guidelines,” August 1, 2004. Accessed October 7, 2021.
  10. [1] American Online Giving Foundation. “American Online Giving Foundation.” Accessed October 8, 2021.
  11. “Intuit Appoints New Chief People & Places Officer and New General Counsel,” August 15, 2018. Accessed October 8, 2021.
  12. “Individual Contributions Laura Fennel.” Accessed October 8, 2021.
  13. Center for Responsive Politics. “PAC Profile: Intuit Inc.” April 1, 2021. Accessed October 8, 2021.
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Nonprofit Information

  • Accounting Period: July - June
  • Tax Exemption Received: December 1, 2002

  • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2019 Jul Form PF $1,717,085 $2,595,569 $399,868 $257,276 $0 $0 $0 $0 PDF
    2015 Jul Form PF $1,457,326 $1,993,275 $723,434 $112,173 $0 $0 $0 $0 PDF
    2014 Jul Form PF $449,735 $393,532 $1,187,421 $180,664 $0 $0 $0 $0 PDF
    2014 Mar Form PF $1,478,758 $1,095,407 $1,165,832 $215,278 $0 $0 $0 $0 PDF
    2013 Mar Form PF $1,050,638 $1,207,835 $1,067,191 $499,988 $0 $0 $0 $0 PDF
    2012 Mar Form PF $1,500,569 $1,216,792 $933,395 $208,995 $0 $0 $0 $0 PDF

    Additional Filings (PDFs)

    Intuit Foundation

    Mountain View, CA