BANK OF AMERICA CHARITABLE GIFT FUND: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- BANK OF AMERICA CHARITABLE GIFT FUND (EIN 04-6010342)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2025-01-16
- IRS object ID
- 202520169349301042
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-01-16T13:01:16-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 046010342 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA CHARITABLE GIFT FD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BANK | BusinessNameControlTxt |
| Phone | 8888663275 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 FEDERAL STREET MA5-100-10-21 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BANK OF AMERICA N A | PersonNm |
| Person Title | MANAGING DIR | PersonTitleTxt |
| Phone | 8888663275 | PhoneNum |
| Signature | 2025-01-15 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAME AS ABOVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,319,537,773 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | n/a | WebsiteAddressTxt |
| Type Of Organization Trust | Yes (X) | TypeOfOrganizationTrustInd |
| Formation | 1955 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS | ActivityOrMissionDesc |
| Voting Members Governing Body | 1 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 1 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $949,449,941 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,020,516,118 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$41,805,713 | PYInvestmentIncomeAmt |
| CY Investment Income | $168,417,454 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $907,644,228 | PYTotalRevenueAmt |
| CY Total Revenue | $1,188,933,572 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $744,249,561 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $825,174,729 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $18,876,352 | PYOtherExpensesAmt |
| CY Other Expenses | $20,294,304 | CYOtherExpensesAmt |
| PY Total Expenses | $763,125,913 | PYTotalExpensesAmt |
| CY Total Expenses | $845,469,033 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $144,518,315 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $343,464,539 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,490,678,875 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,162,617,540 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $49,201,676 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $84,446,058 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,441,477,199 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $4,078,171,482 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $825,174,729 | ExpenseAmt |
| Grant | $825,174,729 | GrantAmt |
| Desc | GRANTS TO CHARITABLE ORGANIZATIONS (SEE ATTACHED STATEMENTS) | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,021,147 | ExpenseAmt |
| Desc | BANK OF AMERICA TRUSTEE FEES | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $833,195,876 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (true) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (true) | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | Yes (true) | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 1 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 1 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 1 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8888663275 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 FEDERAL STREET MA5-100-10-21 | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BANK OF AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | TRUSTEE | TitleTxt |
| Institutional Trustee | Yes (X) | InstitutionalTrusteeInd |
| Reportable Comp From Org | $20,052,864 | ReportableCompFromOrgAmt |
| Reportable Comp From Rltd Org | $0 | ReportableCompFromRltdOrgAmt |
| Other Compensation | $0 | OtherCompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $20,052,864 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,020,516,118 | AllOtherContributionsAmt |
| Noncash Contributions | $591,718,177 | NoncashContributionsAmt |
| Total Contributions | $1,020,516,118 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $98,571,584 | TotalRevenueColumnAmt |
| Exclusion | $98,571,584 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,200,450,071 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,130,604,201 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $69,845,870 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $69,845,870 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $69,845,870 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,188,933,572 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $69,845,870 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $98,571,584 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $825,174,729 | TotalAmt |
| Program Services | $825,174,729 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,052,864 | TotalAmt |
| Program Services | $8,021,147 | ProgramServicesAmt |
| Management And General | $12,031,717 | ManagementAndGeneralAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,440 | TotalAmt |
| Program Services | $241,440 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $845,469,033 | TotalAmt |
| Program Services | $833,437,316 | ProgramServicesAmt |
| Management And General | $12,031,717 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $632,091,066 | BOYAmt |
| EOY | $784,896,447 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,623,062 | BOYAmt |
| EOY | $26,235,592 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,825,964,747 | BOYAmt |
| EOY | $3,351,485,501 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,490,678,875 | BOYAmt |
| EOY | $4,162,617,540 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,645,465 | BOYAmt |
| EOY | $65,440,426 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,556,211 | BOYAmt |
| EOY | $19,005,632 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,201,676 | BOYAmt |
| EOY | $84,446,058 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,394,251,185 | BOYAmt |
| EOY | $4,025,250,051 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,226,014 | BOYAmt |
| EOY | $52,921,431 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,441,477,199 | BOYAmt |
| EOY | $4,078,171,482 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,490,678,875 | BOYAmt |
| EOY | $4,162,617,540 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $343,464,539 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $278,185,110 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $15,044,634 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $768,573,256 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $822,310,929 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,367,256,033 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $873,704,690 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $923,513,893 | CurrentTaxYearAmt |
| Total | $4,755,358,801 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $768,573,256 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $822,310,929 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,367,256,033 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $873,704,690 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $923,513,893 | CurrentTaxYearAmt |
| Total | $4,755,358,801 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $4,755,358,801 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $44,925,512 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $34,281,951 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $46,408,339 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $63,678,122 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $98,571,584 | CurrentTaxYearAmt |
| Total | $287,865,508 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,043,224,309 | TotalSupportAmt |
| Public Support CY170 | 0.94290 | PublicSupportCY170Pct |
| Public Support PY170 | 0.95160 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| CY Adj Net Income Distributable | $0 | CYAdjNetIncomeDistributableAmt |
| CY Pct85 Adjusted Net Income | $0 | CYPct85AdjustedNetIncomeAmt |
| CY Total Min Ast Distributable | $0 | CYTotalMinAstDistributableAmt |
| CY Greater Adjusted Minimum | $0 | CYGreaterAdjustedMinimumAmt |
| CY Income Tax Imposed PY | $0 | CYIncomeTaxImposedPYAmt |
| CY Distributable As Adjusted | $0 | CYDistributableAsAdjustedAmt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Donor Advised Funds Held | 15208 | DonorAdvisedFundsHeldCnt |
| Funds And Other Accounts Held | 24 | FundsAndOtherAccountsHeldCnt |
| Donor Advised Funds Contri | $1,020,516,118 | DonorAdvisedFundsContriAmt |
| Donor Advised Funds Grants | $821,668,433 | DonorAdvisedFundsGrantsAmt |
| Funds And Other Accounts Grants | $3,506,297 | FundsAndOtherAccountsGrantsAmt |
| Donor Advised Funds Vl EOY | $3,826,325,338 | DonorAdvisedFundsVlEOYAmt |
| Funds And Other Accounts Vl EOY | $105,023,813 | FundsAndOtherAccountsVlEOYAmt |
| Disclosed Org Leg Ctrl | Yes (true) | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | Yes (true) | DisclosedForCharitablePrpsInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $47,226,012 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $7,215,651 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,520,237 | OtherExpendituresAmt |
| End Year Balance | $52,921,426 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $59,111,042 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $10,427,368 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,457,662 | OtherExpendituresAmt |
| End Year Balance | $47,226,012 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,333,382 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $7,120,273 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,342,613 | OtherExpendituresAmt |
| End Year Balance | $5,911,042 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $46,821,476 | BeginningYearBalanceAmt |
| Contributions | $87 | ContributionsAmt |
| Investment Earnings Or Losses | $7,830,052 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,318,233 | OtherExpendituresAmt |
| End Year Balance | $53,333,382 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $38,949,359 | BeginningYearBalanceAmt |
| Contributions | $74,520 | ContributionsAmt |
| Investment Earnings Or Losses | $9,059,839 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,262,242 | OtherExpendituresAmt |
| End Year Balance | $46,821,476 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ADVANCES | Desc |
| Amt | $19,005,632 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $19,005,632 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $1,133,736,138 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $24,600,180 | OtherRevenueAmt |
| Revenue Not Reported | $24,600,180 | RevenueNotReportedAmt |
| Revenue Subtotal | $1,109,135,958 | RevenueSubtotalAmt |
| Other Revenues Not Included | $79,797,616 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $79,797,616 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $1,188,933,574 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $845,072,836 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $845,072,836 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $396,198 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $396,198 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $845,469,034 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X LINE 1 | REFUNDABLE ADVANCES 19,005,633 |
| EXPLANATION FOR SCHEDULE D, PART V, LINE 4 | A portion of principal and income as calculated under Uniform Prudent Management of Institutional Funds Act (UPMIFA) of Massachusetts is distributed to 501 (C)(3) organizations for charitable purposes. |
| EXPLANATION FOR SCHEDULE D, PART XI, LINE 2d | CONTRIBUTIONS RETURNED $-688,952.36; 2023 REFUNDABLE ADVANCES $17,380,632; 2022 CONTRIBUTION RECEIVABLES $7,908,500; |
| EXPLANATION FOR SCHEDULE D, PART XI, LINE 4b | REALIZED GAINS $69,845,871.00; 2022 REFUNDABLE ADVANCES $8,556,211; 2023 CONTRIBUTION RECEIVABLES $1,395,534 |
| EXPLANATION FOR SCHEDULE D, PART XII, LINE 4b | RECOVERIES $521,198 AND STOP PAYMENT ON GRANT -$125,000 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SEE ATTACHED LIST OF DISTRIBUTIONS | BusinessNameLine1Txt |
| Business Name Line2 | C/O BANK OF AMERICA | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 FEDERAL STREET | AddressLine1Txt |
| City | BOSTON | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash Grant | $825,174,730 | CashGrantAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 | FormAndLineReferenceDesc |
| Explanation | The CGF maintains guidelines for grant vetting. This review includes verification that the recommended charitable organization is a charitable organization organized in the U.S. and described in Section 170 (b)(1)(A) of the IRC of 1986 (Code), including religious, educational, hospital or medical research, governmental entities, as well as public charities that are described in Code Sections 501(c)(3) and 509(a)(1), (2), or (3) (Qualified Organization). This charitable organization charitable tax status is verified either through the charity tax determination letter and/or documentation received from the organization demonstrating it qualifies as a charitable organization as described under Section 170 (b)(1)(A). The purpose for which the recommendation is being made is also vetted to ensure it meets with IRS and CGF requirements. | ExplanationTxt |
Schedule M IRS990ScheduleM
Securities Closely Held Stock SecuritiesCloselyHeldStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 14253 | ContributionCnt |
| Noncash Contributions Rpt F990 | $591,718,177 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (true) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | false | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a | WHEN DECISIONS ARE MADE THEY ARE DOCUMENTED IN THE PERMANENT FILE |
| EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b | N/A |
| FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW | TAX DEPARTMENT PREPARES, REVIEWS AND FILES THE FORM 990 |
| EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c | ANNUAL STATEMENT |
| FORM 990, PAGE 6, PART VI, LINE 15a | NOT APPLICABLE , TRUST HAS CORPORATE TRUSTEE |
| FORM 990, PAGE 6, PART VI, LINE 15b | NOT APPLICABLE , TRUST HAS CORPORATE TRUSTEE |
| FORM 990, PAGE 6, PART VI, LINE 18 | AVAILABLE UPON REQUEST |
| FORM 990, PAGE 6, PART VI, LINE 19 | AVAILABLE UPON REQUEST |
| FORM 990, PAGE 7, PART VII, SECTION A | BANK OF AMERICA, TRUSTEE-1 |
| FORM 990, PAGE 12, PART XII, LINE 2 | ACCOUNT HAS AUDITED FINANCIAL STATEMENTS COMPLETED AND REVIEWED BY AN INDEPENDENT ACCOUNTANT TO SATISFY THE MA ATTORNEY GENERAL FILING REQUIREMENTS. |
| EXPLANATION FOR FORM 990, PART XI, LINE 9 | RECOVERIES $521,198; 2022 REFUNDABLE ADVANCES $-8,556,211; 2023 CONTRIBUTION RECEIVABLES $-1,395,534; GRANT REFUNDED $-125,000; 2023 REFUNDABLE ADVANCES $17,380,633; 2022 CONTRIBUTION RECEIVABLES $7,908,500; PROCEEDS RETURNED $-688,952; |