Boston Charitable Trust Fund
- Assets
- $722.9k
- Revenue
- $52.9k
- Investments
- $12.5k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1985
- Data as of
- 06/2022
- 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. Boston Charitable Trust 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 06/2022, Boston Charitable Trust Fund generated $52.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $497.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Boston Charitable Trust Fund has awarded 411 individual grants totaling $32,107,919. 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
2022
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 |
|---|---|---|---|
Maureen Garceau First Asst. Collector/treasurer | OfficerTrustee | 1 | $0 |
Brianna Millor Chairperson | OfficerTrustee | 1 | $0 |
Dion Irish Treasurer | Officer | 1 | $0 |
Kevin Tran Board Member | Officer | 1 | $0 |
Inez Foster Board Member | Officer | 1 | $0 |
John Romano Board Member | Officer | 1 | $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 | $51,334 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,334 |
| Total Program Service Revenue | $0 |
| Investment income | $1,574 |
| 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 | $52,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $490,000 |
| 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 | $5,953 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $0 |
| Total functional expenses | $497,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,826 |
| Savings and temporary cash investments | $487,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,539 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $722,934 |
| Accounts payable and accrued expenses | $7,355 |
| Grants payable | $0 |
| 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 | $445,197 |
| Total liabilities | $452,552 |
| Net assets without donor restrictions | $270,382 |
| 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 | $722,934 |
Grants Awarded
Over the last fiscal year, Boston Charitable Trust Fund has awarded $13,558,430 in support to 233 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON AREA DOMESTIC VIOLENCE PARTNERSHIP (FISCAL SPONSOR CASA MYRNA) PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $871,860 |
BOSTON AFTER SCHOOL & BEYOND PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $1,000,000 |
BOSTON PUBLIC SCHOOLS PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $620,000 |
SOUTHWEST BOSTON SENIOR SERVICES DBA ETHOS PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $500,439 |
PROJECT BREAD PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $370,500 |
BLACK BOSTON COVID-19 COALITION PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $328,984 |