High Quality Content by WIKIPEDIA articles! The American Institute of Philanthropy (AIP) is a 501(c)(3) nonprofit organization, created in the United States by Daniel Borochoff in 1992, to provide information about charities` financial efficiency, accountability, governance, and fundraising. Its official website is known as CharityWatch. Charity financial reporting can be inconsistent, unclear, and occasionally unethical or fraudulent, thus the organization acts as an independent clearing house for charitable information.