2020-05-07T15:02:57-07:00 2019-12-31 352111971 RENAISSANCE ADMINISTRATION LLC 8910 Purdue Rd Suite 500 Indianapolis IN 46268 990 2019-01-01 311663020 The US Charitable Gift Trust co Eaton Vance Trust Company USCH 8008362414 Two International Place Boston MA 02110 Lawrence L Fahey President 2020-05-07 true Joseph R Gianforte P00757003 8008430050 2019 2020-04-17 16:48:07Z Lawrence L Fahey President 528671064 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 manages the Gift Trust under the supervision of the Gift Trust's Board of Directors and, along with 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. 6 5 0 0 180913878 195878611 0 16727522 23070585 0 197641400 218949196 102810572 142231674 0 241666 190000 4243638 4597426 4597426 3443942 3828797 110739818 150847897 86901582 68101299 707102568 870606632 84700542 92777497 622402026 777829135 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 manages the Gift Trust under the supervision of the Gift Trust's Board of Directors and, along with 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 142231674 142231674 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. 142231674 true false false false false true false false false false false true false false true true true false false false true true 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 6 5 true true false false false false false true true false false true true true true true true true true false AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY 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 I Ames Director 2.00 0.00 X 30000 0 0 Lawrence L Fahey President/Direc 10.00 0.00 X X 0 0 0 John Shea Vice President 2.00 0.00 X 0 0 0 James Kirchner Treasurer 6.00 0.00 X 0 0 0 Michael P Shattuck Asst. Treasurer 10.00 0.00 X 0 0 0 Stephanie Rosander Secretary 9.00 0.00 X 0 0 0 Peter F Crowley Vice President 5.00 0.00 X 0 0 0 A John Murphy Vice President 5.00 0.00 X 0 0 0 Michelle Rousseau Asst. Secretary 4.00 0.00 X 0 0 0 190000 0 false false false Eaton Vance Distributors Inc Two International Place Boston MA 02110 Fundraising 4597426 Renaissance Administration LLC 8910 Purdue Road Suite 500 Indianapolis IN 46268 Administrative 2719567 Eaton Vance Management Two International Place Boston MA 02110 Asset management 705535 Deloitte & Touche LLP 200 Berkeley Street Boston MA 02116 Audit 122200 4 195878611 118423388 195878611 0 8377537 8377537 0 0 0 324414916 309721868 14693048 14693048 14693048 0 0 0 0 218949196 23070585 142220574 142220574 0 11100 11100 0 190000 190000 0 0 0 0 0 0 0 2766424 2766424 0 4597426 4597426 810658 810658 2818 2818 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous expenses 248897 248897 0 150847897 142231674 4018797 4597426 21549504 21566533 1314099 663692 3573957 7324991 6630814 10231542 0 0 0 0 0 0 27204787 7027293 644751904 821059921 0 0 2077503 2732660 707102568 870606632 4596337 8561897 1781784 1237130 77367171 81070100 955250 1908370 84700542 92777497 X 545730157 680132788 76671869 97696347 622402026 777829135 707102568 870606632 X 68101299 90232365 -2906555 X X false true X true false X 93911032 115992451 131058545 180913878 195878614 717754520 0 0 93911032 115992451 131058545 180913878 195878614 717754520 4489754 713264766 10995292 7130362 7174288 7227618 8377536 40905096 0 0 758659616 0.94020 0.93210 X 6917 1514 172682683 23195931 142231674 621820076 199239845 true true 821059921 Distributions Payable 1908370 1908370 X 306275004 90232363 -2906555 87325808 218949196 218949196 150847897 150847897 150847897 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 the CDRF 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, 2019 and December 31, 2018. For the years ended December 31, 2019 and December 31, 2018, 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, 2019 remains subject to examination by the IRS. true North America 0 0 Grantmaking N/A 10100 Europe 0 0 Grantmaking N/A 1000 11100 11100 North America Beth Rivkah 9800 Wire N/A N/A 1 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US The Trust generally makes grants to organizations within the United States. During 2019, grants were made to organizations outside the United States that hold a U.S. 501(c)(3) designation.Grantees with this designation follow the same monitoring process as U.S.-based grants:The 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 will 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." X X X X true Eaton Vance Distributors Two International Place Boston MA 02110 Contribution solicitation false 195878614 4597426 191281188 195878614 4597426 191281188 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 129741050 0 N/A N/A Varies by DAF; detail avail on requ 4431 0 Grantmaker's Description of How Grants are Used The 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 705535 See Part V below false Eaton Vance Distributors See Part V below 4597426 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 are managers of investments at Eaton Vance(D) The following officers/directors serve as employees of Eaton Vance Management or Eaton Vance Distributors, Inc. which provide investment related, administrative support, legal services, and fundraising services for the Trust: James Kirchner Michael P. Shattuck Stephanie Rosander Lawrence L. Fahey A. John Murphy Michelle Rousseau John SheaEaton Vance Distributors, Inc.(B) Officers assist with fundraising efforts(D) The following officer participate in fundraising services: Peter F. Crowley 3798 118359688 High-Low Price 1 44900 Appraisal 1 18800 Cash Surrender 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). 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, legal services, and fundraising services for the Trust:Lawrence Fahey - President & DirectorJames Kirchner - TreasurerMichael Shattuck - Assistant TreasurerStephanie Rosander - SecretaryMichelle Rousseau - Assistant SecretaryPeter Crowley - Vice PresidentA. John Murphy - Vice PresidentJohn Shea - Vice President 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 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 Trust has a conflict of interest policy in place to ensure the 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 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 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 Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Trust. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All officers of the Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the 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 = $4712349 Other Changes In Net Assets Or Fund Balances - Other Decreases Distributions to income beneficiaries = -$7618904 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 33 total Two International Place Boston MA 02110 Pooled Income Fund MA N/A false US Charitable Gift Trust - Income Two International Place Boston MA 02110 043526227 Pooled income fund MA N/A false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 043526225 Pooled income fund MA N/A false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 043526224 Pooled income fund MA N/A false US Charitable Gift Trust - Income II Two International Place Boston MA 02110 522415926 Pooled income fund MA N/A false US Charitable Gift Trust - Income III Two International Place Boston MA 02110 276144364 Pooled income fund MA N/A false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 522415922 Pooled income fund MA N/A false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 522415913 Pooled income fund MA N/A false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 276144380 Pooled income fund MA N/A false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 466221923 Pooled income fund MA N/A false false false false false false false false false false false false false false false false false false false true US Charitable Gift Trust - Income s 2080095 Cash US Charitable Gift Trust - High Yield s 1463157 Cash US Charitable Gift Trust - Growth & In s 637484 Cash US Charitable Gift Trust - Income II s 326096 Cash US Charitable Gift Trust - Income III s 75796 Cash US Charitable Gift Trust - High Yield s 3226791 Cash US Charitable Gift Trust - Growth & In s 98838 Cash US Charitable Gift Trust - Growth & In s 62278 Cash US Charitable Gift Trust - High Yield s 36642 Cash