Morgan Stanley Global Impact Funding Trust Inc
- Assets
- $2.7b
- Revenue
- $1.4b
- Investments
- $181.2m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/2000
- Data as of
- 12/2019
- EIN
- 52-7082731
Organization Overview
Morgan Stanley Global Impact Funding Trust Inc is located in Indianapolis, IN. The organization was established in 2000. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes.
For the year ending 12/2019, Morgan Stanley Global Impact Funding Trust Inc generated $1.4b in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.5% each year . All expenses for the organization totaled $447.5m during the year ending 12/2019. While expenses have increased by 23.5% 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 2014, Morgan Stanley Global Impact Funding Trust Inc has awarded 34,311 individual grants totaling $1,355,418,953. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND PROMOTE PHILANTHROPY ACROSS THE GLOBE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MS GIFT IS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS AND FACILITATES GRANTS TO MORE THAN 5,328 CHARITABLE ORGANIZATIONS DESCRIBED UNDER SECTION 501(C)(3) WITHIN THE UNITED STATES, AS WELL AS CHARITABLE ORGANIZATIONS AROUND THE WORLD. DONORS ARE AFFORDED ADVISORY PRIVILEGES AND PROVIDE ADVICE TO MS GIFT ON WHICH RECIPIENT ORGANIZATIONS WILL RECEIVE GRANT FUNDING. MS GIFT'S GRANT FUNDS PROVIDE SELECTED ORGANIZATIONS WITH RESOURCES NECESSARY TO FURTHER THEIR PROGRAMMATIC ACTIVITIES IN AN EFFORT TO ACHIEVE THEIR CHARITABLE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Schnoll-Begun President | OfficerTrustee | 10 | $0 |
Allyson Mcdonald Secretary | OfficerTrustee | 10 | $0 |
Michael Swartz Treasurer | OfficerTrustee | 10 | $0 |
Carol Van Atten Chairperson | OfficerTrustee | 10 | $0 |
Ross Richards Director | Trustee | 1 | $0 |
Roger Paradiso Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Drinker Biddle & Reath Llp Admin & Legal | 12/30/19 | $3,286,094 |
Morgan Stanley Investment Advisor | 12/30/19 | $6,650,744 |
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 | $1,127,731,899 |
| Noncash contributions included in lines 1a–1f | $651,529,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,127,731,899 |
| Total Program Service Revenue | $0 |
| Investment income | $13,368,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,789,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,387,889,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $431,894,660 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,758,107 |
| 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 | $3,286,094 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,650,744 |
| Fees for services: Other | $3,802,124 |
| 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 | $447,456,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $306,500,190 |
| 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 | $2,246,473,461 |
| Investments—other securities | $181,179,989 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $910,899 |
| Total assets | $2,735,064,539 |
| Accounts payable and accrued expenses | $2,272,830 |
| Grants payable | $9,950,666 |
| 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 | $0 |
| Total liabilities | $12,223,496 |
| Net assets without donor restrictions | $2,722,841,043 |
| 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 | $2,735,064,539 |
Grants Awarded
Over the last fiscal year, Morgan Stanley Global Impact Funding Trust Inc has awarded $390,077,782 in support to 5,328 organizations.
| Grant Recipient | Amount |
|---|---|
Stanford, CA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,125,000 |
Amityville, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $19,900,000 |
Amityville, NY PURPOSE: UNRESTRICTED GENERAL SUPPORT | $9,000,000 |
Redwood City, CA PURPOSE: UNRESTRICTED GENERAL SUPPORT | $4,745,000 |
Hudson, OH PURPOSE: UNRESTRICTED GENERAL SUPPORT | $4,695,912 |
BANK OF AMERICA CHARITABLE GIFT FUND PURPOSE: UNRESTRICTED GENERAL SUPPORT | $4,609,024 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Morgan Stanley Global Impact Funding Trust Inc has recieved totaling $3,873,493.
| Awarding Organization | Amount |
|---|---|
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE PURPOSES | $1,511,536 |
Jewish Communal Fund New York, NY PURPOSE: General support | $1,286,000 |
Community Foundation For The Fox Valley Region Inc Appleton, WI PURPOSE: NAMED TRUSTS N.E.C. | $500,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $321,427 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $254,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN | $2,735,064,539 | $1,387,889,904 |
Lawyers Trust Fund Of Illinois Chicago, IL | $22,509,066 | $15,354,235 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $21,319,830 |
The Global Orphan Project Inc Kansas City, MO | $7,854,792 | $11,281,080 |
Src Benefit Programs Trust Springfield, MO | $162,975 | $9,275,976 |
William F Vilas Estate Oregon, WI | $127,507,482 | $3,017,559 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $111,962,818 | $7,008,180 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $98,218,406 | $4,379,370 |
Grace G Thornton Uta Scholarship Tr R76992008 Chicago, IL | $3,302,762 | $5,637,014 |
Stanita Foundation Greenwood, IN | $29,595,426 | $4,000,008 |
Elhapa Foundation Inc Lexington, KY | $45,808,324 | $140,749 |
Tom Kelley Buick Inc Employees Group Plan 501-C-9 Trust Fort Wayne, IN | $2,926,873 | $3,813,999 |