Bny Mellon Charitable Gift Fund

Organization Overview

Bny Mellon Charitable Gift Fund is located in Boston, MA. The organization was established in 2013. 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. Bny Mellon 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 12/2021, Bny Mellon Charitable Gift Fund generated $208.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $45.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Bny Mellon Charitable Gift Fund has awarded 3,152 individual grants totaling $183,570,130. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) ORG WHICH PROMOTES PHILANTHROPY BY MAKING GIFTS TO QUALIFIED U.S. TAX-EXEMPT CHARITIES OR TO U.S. STATE OR LOCAL GOVERNMENT ORGANIZATIONS QUALIFIED TO RECEIVE CHARITABLE CONTRIBUTION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING SUCH CONTRIBUTIONS FOR INVESTMENT MANAGEMENT AND ADMINISTRATIVE PURPOSES, AND BY MAKING GIFTS TO ORGANIZATIONS WHICH ARE DEDICATED TO CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
George Rio
Secretary
$0
Joseph Dello Russo
President
$0
William Elcock
Treasurer
$0
Carlos Byrne
Asst Secretary&asst Treasurer
$0
Daniel Coughlin
Asst Treasurer
$0
Sharon Scaramozza
Asst Secretary
$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$136,350,103
Noncash contributions included in lines 1a–1f $73,415,776
Total Revenue from Contributions, Gifts, Grants & Similar$136,350,103
Total Program Service Revenue$0
Investment income $5,330,526
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $65,676,803
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $208,280,795

Grants Awarded

Over the last fiscal year, Bny Mellon Charitable Gift Fund has awarded $39,013,139 in support to 997 organizations.

Grant RecipientAmount

NATIONAL PHILANTHROPIC TRUST

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$1,135,055

BOYS & GIRLS CLUBS OF SARASOTA COUNTY INC

Org PageRecipient Profile

Sarasota, FL

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$1,010,000

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$992,388

SCHWAB CHARITABLE FUND

Org PageRecipient Profile

San Francisco, CA

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$899,818

THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$655,000

PRESIDENT & FELLOWS OF MIDDLEBURY COLLEGE

Org PageRecipient Profile

Middlebury, VT

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$548,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Bny Mellon Charitable Gift Fund has recieved totaling $9,371,466.

Awarding OrganizationAmount
Goldman Sachs Philanthropy Fund

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$6,606,052
Dechomai Foundation Inc

Jacksonville, FL

PURPOSE: unrestrictedq

$1,038,507
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: SUPPORT

$854,381
Pincus Family Foundation

Wilmington, DE

PURPOSE: PINCUS FAMILY FUND

$250,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$246,693
Pincus Family Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$135,000
View Grant Recipient Profile

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