2022-05-12T10:30:14-07:00 2021-12-31 352111971 RENAISSANCE ADMINISTRATION LLC 8910 Purdue Rd Suite 500 Indianapolis IN 46268 990 2021-01-01 311663020 The US Charitable Gift Trust co Eaton Vance Trust Company USCH 8008362414 Two International Place Boston MA 02110 Lawrence L Fahey President 2022-05-12 true Lawrence L Fahey 999009999 Joseph R Gianforte P00757003 8008430050 2 AAL1 IAL1 FAL1 2021 2022-09-23 18:48:47Z Lawrence L Fahey President 894205007 false X www.uscharitablegifttrust.org X 1999 MA 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. 7 6 0 0 222287312 386859367 0 22143511 37614749 0 244430823 424474116 172077381 164062296 0 190000 190000 4746170 5783798 5783798 4143450 5439898 181157001 175475992 63273822 248998124 1001513171 1329314188 109060878 135330256 892452293 1193983932 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. false false 164062296 164062296 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. 164062296 true true false false false true false false false false false true false false true true true false false false false false false true false false false true false false false false false false false false false true true false false false false true false false false true 7 0 true 0 false false false false false false false 0 false false false false false false false false false false X 7 6 true true true false false false false true true false false true true true true true true true true false AL AR CA FL GA HI IL KS KY LA MA MD MI MN MS NC ND NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X Renaissance Administration LLC 8008430050 8910 Purdue Road Suite 500 Indianapolis IN 46268 E Michael Brown Lead Director 4.00 0.00 X 55000 0 0 Jeffrey P Beale Director 2.50 0.00 X 35000 0 0 Katharine B Leness Director 2.50 0.00 X 35000 0 0 Michelle A Shell Director 2.50 0.00 X 35000 0 0 Kathleen L Ames Director 2.00 0.00 X 30000 0 0 Lawrence L Fahey President/Direc 5.00 0.00 X X 0 0 0 John Griffin 114 - 1231 Director 2.50 0.00 X 0 0 0 James Kirchner Treasurer 2.00 0.00 X 0 0 0 Michael P Shattuck Asst Treasurer 5.00 0.00 X 0 0 0 Stephanie Rosander Secretary 5.00 0.00 X 0 0 0 Desmond Gallacher 917-1231 Vice President 1.00 0.00 X 0 0 0 Michelle Rousseau Asst Secretary 1.00 0.00 X 0 0 0 Peter F Crowley 11 - 129 Vice President 4.00 0.00 X 0 0 0 A John Murphy Vice President 1.00 0.00 X 0 0 0 John Shea 11 - 917 Vice President 1.00 0.00 X 0 0 0 Meghan Moses 55 - 1231 Vice President 4.00 0.00 X 0 0 0 190000 0 false false false Eaton Vance Distributors Inc Two International Place Boston MA 02110 Fundraising 5783798 Renaissance Administration LLC 8910 Purdue Road Suite 500 Indianapolis IN 46268 Administrative 3444843 Eaton Vance Management Two International Place Boston MA 02110 Asset management 931187 Deloitte & Touche LLP 200 Berkeley Street Boston MA 02116 Audit 128000 Eaton Vance Trust Company Two International Place Boston MA 02110 Asset mgt / trustee fee 569639 6 386859367 244340848 386859367 0 10948183 10948183 0 0 0 496397457 469730891 26666566 26666566 26666566 0 0 0 0 424474116 37614749 164062296 164062296 0 0 0 190000 190000 0 0 0 0 0 0 0 3444843 3444843 0 5783798 5783798 1523496 1523496 87637 87637 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous expenses 383922 383922 0 175475992 164062296 5629898 5783798 20444201 39147282 637333 1369516 4110358 10282020 12864396 18614852 0 0 0 0 0 0 13625562 19081517 947917120 1238229866 0 0 1914201 2589135 1001513171 1329314188 10231102 12315796 1993462 1138152 95388780 119774080 1447534 2102228 109060878 135330256 X 774127097 1025123340 118325196 168860592 892452293 1193983932 1001513171 1329314188 X 248998124 57260903 -4727388 X X false true X true false X 131058545 180913878 195878614 222287312 386859367 1116997716 0 0 131058545 180913878 195878614 222287312 386859367 1116997716 4215992 1112781724 7174288 7227618 8377536 8554902 10948183 42282527 0 0 1159280243 0.95990 0.95650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8630 1598 349331789 37527578 164062296 955320181 282909685 true true 1238229866 Distributions Payable 2102228 2102228 X 477007631 57260903 -4727388 52533515 424474116 424474116 175475992 175475992 175475992 Part X : FIN48 Footnote The Trust is recognized by the IRS as a nonprofit organization as described in IRC Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). DAFs are exempt from taxation under IRC Section 501(a). PIFs and U.S. LITs are subject to tax on undistributed net income and alternative minimum tax preference items. U.S. GAAP requires the evaluation of tax positions taken or expected to be taken to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. The Trust recorded no federal income tax for the years ended December 31, 2021 and December 31, 2020. For the years ended December 31, 2021 and December 31, 2020, the Trust had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. Each of the Trust's federal tax returns filed in the 3-year period ended December 31, 2021 remains subject to examination by the IRS. X X X X true Eaton Vance Distributors Two International Place Boston MA 02110 Contribution solicitation false 386859367 5783798 381075569 386859367 5783798 381075569 AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY Part I, Line 2b - Fundraiser Additional Information Schedule G, Part I, Line 2b, Column (iii):The control and custody of assets obtained through fundraising resides with Eaton Vance Trust Company, the Trustee of the U.S. Charitable Gift Trust. true See attached Grant Report See attached Grant Report See attached MA 02110 501(c)(3) 148683357 0 N/A N/A Varies by DAF; detail avail on requ 5774 0 Grantmaker's Description of How Grants are Used The Gift Trust verifies that all organizations meet 501(c)(3) requirements and are not 509(a)(3) Type III nonfunctionally integrated supporting organizations. If the organization is a Type I, Type II, or Type III functionally integrated supporting organization, additional information is provided to the Trust to verify control of the granted funds. In addition, a letter is sent to the organization that states that the funds can be used "exclusively for charitable purposes and cannot be used or applied to a pre-existing pledge or provide a private benefit (such as school tuition or scholarships sent directly to individuals, dues, membership fees, benefit tickets or goods bought at charitable auctions). We consider the deposit of a check by the charity as confirmation that the grant will not be used for improper purposes."Finally, the checks themselves use the following verbiage to ensure proper use: "By endorsing this check your organization certifies to the U.S. Charitable Gift Trust that (I) Your organization is tax exempt as outlined by section 501(c)(3) and section 509(a) of the Internal Revenue Code of 1986 as amended; (II) These funds will be used exclusively for exempt purposes; (III) No private benefit, goods or services were received by any individuals or entities connected with the mentioned donor advised fund with the Trust; (IV) This gift does not satisfy a pledge or other personal financial obligation on behalf of any individuals or entities connected with the mentioned donor advised fund with the U.S. Charitable Gift Trust; (V) This gift will not be used for political activity or lobbying purposes; (VI) This organization is not a Type III nonfunctionally integrated supporting organization or supporting organization controlled by an individual connected with the mentioned donor advised fund with the U.S. Charitable Gift Trust." Eaton Vance Management See Part V below 931187 See Part V below false Eaton Vance Distributors See Part V below 5783798 See Part V below false Eaton Vance Trust Company See Part V below 569639 See Part V below false Schedule L, Part V Supplemental Information Schedule L, Part IV, Business Transactions Involving Interested Persons:Eaton Vance Management:(B) Officers provide certain investment-related and administrative support.(D) The following officers/directors serve as employees of Eaton Vance Management, which provides certain investment-related and administrative support for the Gift Trust: Lawrence L. Fahey James Kirchner Michael P. Shattuck Stephanie Rosander Michelle Rousseau A. John Murphy John Shea (Officer 1/1 through 9/17) Desmond Gallacher (Officer starting 9/17)Eaton Vance Distributors, Inc.(B) Officers assist with fundraising efforts.(D) The following officers participate in fundraising services: Peter F. Crowley (Officer 1/1 through 1/29) Meghan Moses (Officer starting 5/5)Eaton Vance Trust Company:(B) Officers provide trustee services for the Gift Trust and investment-related services for the U.S. LITs.(D) The following officers/directors serve as officers of Eaton Vance Trust Company, which provides trustee services for the Gift Trust and investment-related services for the U.S. LITs. Lawrence L. Fahey James Kirchner Michael P. Shattuck Stephanie Rosander Michelle Rousseau A. John Murphy John Shea (Officer 1/1 through 9/17) X 6157 244340848 FMV false true true Part I, Line 32, Hire and Use of Third Parties The Trust uses third party brokers to sell non-cash contributions (gifted securities). Client Note 1 Client Note 1 - Prior to March 1, 2021, Eaton Vance Management ("EVM"), Eaton Vance Trust Company ("EVTC") and Eaton Vance Distributors, Inc. ("EVD") were wholly-owned subsidiaries of Eaton Vance Corp. ("EVC"). On March 1, 2021, Morgan Stanley acquired EVC, and EVM, EVTC and EVD became indirect, wholly-owned subsidiaries of Morgan Stanley. Client Note 2 Client Note 2 - Part VII Section A Supplemental:E. Michael Brown - Lead Director and Audit Committee ChairJeffrey P. Beale - Director and Audit CommitteeKatharine B. Leness - Director and Audit CommitteeMichelle A. Shell - Director and Audit CommitteeJohn Griffin - Director and Audit Committee Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et The following officers/directors serve as employees of Eaton Vance Management or Eaton Vance Distributors, Inc. which provide investment-related, administrative support, and fundraising services for the Gift Trust:Lawrence Fahey - President & DirectorJames Kirchner - TreasurerMichael Shattuck - Assistant TreasurerStephanie Rosander - SecretaryMichelle Rousseau - Assistant SecretaryPeter Crowley - Vice President (Officer through Jan. 29, 2021)A. John Murphy - Vice PresidentJohn Shea - Vice President (Officer through Sep. 17, 2021)Meghan Moses - Vice President (Officer after May 5, 2021)Desmond Gallacher - Vice President (Officer after Sep. 17, 2021) Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company U.S. Charitable Gift Trust outsources trustee services to Eaton Vance Trust Company. Eaton Vance Trust Company outsources fund accounting and tax services to Renaissance Administration LLC. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents In an Amendment to The U.S. Charitable Gift Trust Declaration of Trust dated November 4, 2021 the definition of "Independent Director" was changed. An "Independent Director" is now defined as:An individual who is not: (1) a voting shareholder, director, officer or employee of the Trustee or of an affiliate of the Trustee; (2) an independent contractor of the Trustee or the Trust, or of an affiliate of the Trustee; (3) an owner or employee of such an independent contractor; (4) a spouse of a person described in clauses (1), (2) or (3) above; or (5) a parent or child of a person described in clauses (1), (2) or (3) above who either (x) performs work related to the Trust, or (y) performs a key influential role for the Trustee, an affiliate of the Trustee or an independent contractor of the Trustee, an affiliate of the Trustee or the Trust. Form 990, Part VI, Line 11b: Form 990 Review Process Form 990 was prepared by Renaissance Administration LLC who provides accounting and record keeping services. Copies of Form 990 were reviewed by the audit committee and provided to the entire Board of Directors for review prior to filing. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Gift Trust has a conflict of interest policy in place to ensure the Gift Trust operates in a manner consistent with charitable purposes and does not engage in activities that could jeapordize its tax-exempt status. Periodic reviews are conducted.Each director, officer, and member of a committee with Board-delegated powers annually signs a statement that discloses any financial interest such person may have and affirms that such persons:A. Received a copy of the conflict of interest policy;B. Has read and understands the policy;C. Agrees to comply with the policy, andD. Understands that the Gift Trust is a charitable organization and in order to maintain its federal tax exemption, must engage in activities that accomplish one or more of its tax-exempt purposes.If a conflict of interest is found to exist, then the following procedures shall be followed:A. An interested person may make a presentation at the Board or adhoc committee meeting, but, after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement with respect to the conflict of interest. The body that considers the proposed transaction or arrangement shall be composed entirely of individuals without a conflict of interest with respect to the proposed transaction or arrangement.B. The lead director of the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.C. After exercising due diligence, the Board or committee shall determine whether the Trust can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Gift Trust's best interest, for its own benefit, and whether it is fair and reasonable. The Board or committee's deliberations should include an analysis of comparable transactions or arrangements. In conformity with the above determination, it shall make its decision whether to enter into the transaction or arrangement. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management All officers of the Gift Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Gift Trust. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All officers of the Gift Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Gift Trust. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and financial statements are available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of split-interest agreements = $5142900 Other Changes In Net Assets Or Fund Balances - Other Decreases Distributions to income beneficiaries = -$9870288 Form 990, Part XII, Line 2: Change of Oversight or Selection Process The process for oversight of the audited financial statement has not changed from the prior year. Pooled Income Funds 29 total Two International Place Boston MA 02110 Pooled Income Fund MA N/A T false USCGT - Income Two International Place Boston MA 02110 043526227 Pooled income fund MA N/A T 4322 false USCGT - High Yield Two International Place Boston MA 02110 043526225 Pooled income fund MA N/A T 12981 false USCGT - Growth & Income Two International Place Boston MA 02110 043526224 Pooled income fund MA N/A T 829 false USCGT - Income II Two International Place Boston MA 02110 522415926 Pooled income fund MA N/A T 1220 false USCGT - High Yield II Two International Place Boston MA 02110 522415922 Pooled income fund MA N/A T 4354 false USCGT - Growth & Income II Two International Place Boston MA 02110 522415913 Pooled income fund MA N/A T 338 false USCGT - High Yield Fund IV Two International Place Boston MA 02110 466221923 Pooled income fund MA N/A T 140 false USCGT - Growth & Income Traditional V Two International Place Boston MA 02110 387141533 Pooled income fund MA N/A T 68 false USCGT - Income III Two International Place Boston MA 02110 276144364 Pooled income fund MA N/A T 1182 false USCGT - Income IV Two International Place Boston MA 02110 466222519 Pooled income fund MA N/A T 115 false USCGT - Current Income Traditional V Two International Place Boston MA 02110 616544454 Pooled income fund MA N/A T 195 false false false false false false false false false false false false false false false false false false false true USCGT - Income s 1042893 Cash USCGT - High Yield s 2241055 Cash USCGT - Growth & Income s 379531 Cash USCGT - Income II s 222472 Cash USCGT - High Yield II s 570808 Cash USCGT - Growth & Income II s 190696 Cash USCGT - High Yield Fund IV s 20523 Cash USCGT - Income IV s 22777 Cash USCGT - Current Income Traditional V s 49893 Cash