Bank Of America Charitable Gift Fund

Organization Overview

Bank Of America Charitable Gift Fund is located in Boston, MA. The organization was established in 1957. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bank Of America Charitable Gift Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Bank Of America Charitable Gift Fund generated $837.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $447.1m during the year ending 12/2020. While expenses have increased by 21.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS TO CHARITY (SEE ATTACHED STATEMENTS)


BANK OF AMERICA TRUSTEE FEES


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$768,573,256
Investment income $44,925,512
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,204,505
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $837,703,273

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bank Of America Charitable Gift Fund has recieved totaling $15,031.

Awarding OrganizationAmount
The Osberg Family Trust

Dallas, TX

PURPOSE: DAF-MILLER RIVER CHARITABLE

$15,031
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$53,333,382
Earnings$7,120,273
Other Expense$1,342,613
Ending Balance$59,111,042

Create an account to unlock the data you need.

or