The Us Charitable Gift Trust

Organization Overview

The Us Charitable Gift Trust is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Us Charitable Gift Trust 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, Us Charitable Gift Trust generated $424.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $175.5m during the year ending 12/2021. While expenses have increased by 13.8% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE U.S. CHARITABLE GIFT TRUST (THE "GIFT TRUST") IS TO INCREASE CHARITABLE GIVING THROUGH A COST-EFFECTIVE AND TAX-ADVANTAGED INVESTMENT PROGRAM THAT HELPS DONORS ACHIEVE THEIR PHILANTHROPIC GOALS. EATON VANCE MANAGEMENT SPONSORS THE GIFT TRUST UNDER THE SUPERVISION OF THE GIFT TRUST'S BOARD OF DIRECTORS AND, ALONG WITH EATON VANCE WATEROAK ADVISORS (FORMERLY EATON VANCE INVESTMENT COUNSEL), EATON VANCE TRUST COMPANY, AND CALVERT RESEARCH AND MANAGEMENT, PROVIDES INVESTMENT ADVISORY SERVICES TO THE GIFT TRUST. ON AN ONGOING BASIS, EATON VANCE TRUST COMPANY, AS THE GIFT TRUST'S TRUSTEE, HIRES AND OVERSEES CERTAIN SERVICE PROVIDERS TO THE GIFT TRUST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE U.S. CHARITABLE GIFT TRUST (GIFT TRUST) IS A TAX-EXEMPT PUBLIC CHARITY OFFERING DONOR-ADVISED FUNDS AND POOLED INCOME FUNDS. AS DESCRIBED HEREIN, THE GIFT TRUST MAKES GRANTS TO NUMEROUS CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES, INCLUDING CHARITABLE ORGANIZATIONS SELECTED BY PERSONS TRANSFERRING ACCEPTABLE PROPERTY TO THE GIFT TRUST (DONORS) AND OTHERS AUTHORIZED BY DONORS TO SELECT QUALIFIED CHARITABLE ORGANIZATIONS FOR GRANTS.THE GIFT TRUST WAS ESTABLISHED TO PROVIDE SUPPORT TO A BROAD RANGE OF CHARITABLE ORGANIZATIONS OVER TIME, WITHOUT INCURRING THE COSTS AND ADMINISTRATIVE BURDENS ASSOCIATED WITH THE CREATION AND OPERATION OF SEPARATE CHARITABLE FOUNDATIONS, WHILE AT THE SAME TIME ALLOWING DONORS TO DETERMINE WHEN AND HOW TO MAKE THEIR CHARITABLE GIFTS. ALL GRANTS ARE SUBJECT TO THE GIFT TRUSTS DETERMINATION THAT THE GRANT RECIPIENT IS A QUALIFIED CHARITABLE ORGANIZATION AND THAT THE GRANT OTHERWISE MEETS APPLICABLE LEGAL REQUIREMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
E Michael Brown
Lead Director
$55,000
Katharine B Leness
Director
$35,000
Jeffrey P Beale
Director
$35,000
Michelle A Shell
Director
$35,000
Kathleen L Ames
Director
$30,000
Lawrence L Fahey
President/direc
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Eaton Vance Distributors Inc
Fundraising
$5,783,798
Renaissance Administration Llc
Administrative
$3,444,843
Eaton Vance Trust Company
Asset Mgt / Trustee Fee
$569,639
Eaton Vance Management
Asset Management
$931,187
Deloitte & Touche Llp
Audit
$128,000
View All Vendors

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$386,859,367
Noncash contributions included in lines 1a–1f $244,340,848
Total Revenue from Contributions, Gifts, Grants & Similar$386,859,367
Total Program Service Revenue$0
Investment income $10,948,183
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $26,666,566
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $424,474,116

Grants Recieved

Over the last fiscal year, we have identified 13 grants that The Us Charitable Gift Trust has recieved totaling $2,048,741.

Awarding OrganizationAmount
Dechomai Foundation Inc

Jacksonville, FL

PURPOSE: unrestricted

$911,798
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$216,717
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$214,913
Dormie Network Foundation

Lincoln, NE

PURPOSE: GENERAL OPERATIONS

$132,867
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$121,921
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$112,357
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
The Us Charitable Gift Trust
Boston, MA
$424,474,116
Comic Relief Inc
New York, NY
$35,831,552
Givinga Foundation Inc
Wellesley, MA
$15,849,424
Justgive Inc
Weston, CT
$11,301,311
Clara Lionel Foundation
New York, NY
$23,596,509
Visionspring
New York, NY
$12,679,680
America Gives Inc
New York, NY
$7,827,978
Foundations In Education Inc
Bridgeport, CT
$11,526,982
Grant Recommendation Fund
Spring Valley, NY
$4,767,095
The Catherine Jefferson Foundation
Darien, CT
$13,741,460
Bikoff Foundation
Whitestone, NY
$14,790,071
Giving Tuesday Inc
Brooklyn, NY
$3,527,479

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