Boston Charitable Trust Fund
- Assets
- $13.2m
- Revenue
- $31.3m
- Investments
- $8.8k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1985
- Data as of
- 06/2020
- EIN
- 04-6528581
Organization Overview
Boston Charitable Trust Fund is located in Boston, MA. The organization was established in 1985. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, 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.
For the year ending 06/2020, Boston Charitable Trust Fund generated $31.3m in total revenue. All expenses for the organization totaled $20.5m during the year ending 06/2020. While expenses have increased by 320.7% 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.
Since 2020, Boston Charitable Trust Fund has awarded 178 individual grants totaling $18,549,489. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND OTHER CHARITABLE ORGANIZATIONS WHICH ENGAGE IN CHARITABLE SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL AND INCOME FROM ALL PROPERTY RECEIVED AND ACCEPTED BY THE TRUST SHALL BE DISTRIBUTED TO OR FOR THE USE OF OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emme Handy Former Collector/treasurer | OfficerTrustee | 0 | $0 |
Drew Smith Senior Deputy Treasurer | Officer | 0 | $0 |
Richard Depiano Second Assistant Collector | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,284,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,284,596 |
| Total Program Service Revenue | $0 |
| Investment income | $11,836 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,296,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,461,021 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,355 |
| Total functional expenses | $20,468,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,266,470 |
| Savings and temporary cash investments | $10,732,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,839 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54 |
| Total assets | $13,199,861 |
| Accounts payable and accrued expenses | $5,888 |
| Grants payable | $1,875,827 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $446,518 |
| Total liabilities | $2,328,233 |
| Net assets without donor restrictions | $10,871,628 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,199,861 |
Grants Awarded
Over the last fiscal year, Boston Charitable Trust Fund has awarded $18,549,489 in support to 178 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $2,000,000 |
HEALTH CARE FOR THE HOMELESS PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $1,000,000 |
Boston, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $750,000 |
BOSTON MEDICAL CENTER PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $750,000 |
Boston, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $664,256 |
Boston, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $654,600 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Boston Charitable Trust Fund has recieved totaling $2,321,319.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $500,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $500,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $219,249,459 | $114,515,572 |
Roswell Park Alliance Foundation Buffalo, NY | $105,267,194 | $26,518,336 |
Boston Charitable Trust Fund Boston, MA | $13,199,861 | $31,296,432 |
Greater Hartford Community Foundation Inc Hartford, CT | $6,782,249 | $19,831,812 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Freedom Fund Brooklyn, NY | $9,289,800 | $16,398,424 |
Partnership Schools New York, NY | $65,751,887 | $13,200,484 |
Virgin Unite Usa Inc New York, NY | $14,736,857 | $4,506,648 |
Future Project Inc New York, NY | $10,380,325 | $15,567,317 |
Chinatown Health Clinic Foundation Inc New York, NY | $35,968,049 | $5,968,265 |
Chautauqua Foundation Inc Chautauqua, NY | $104,512,712 | $16,544,336 |
The Red Sox Foundation Inc Boston, MA | $16,612,666 | $10,342,907 |