The US Charitable Gift Trust
DBA: CO EATON VANCE TRUST COMPANY
SEE SCHEDULE O
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$430.9M
Total Expenses
$277.6M
Net Assets
$1.5B
Employees
0
Grants Paid
$258.4M
Program Expense Ratio
93.1%
Fundraising Efficiency
4283.6%
This nonprofit profile presents IRS Form 990 tax filing data for The US Charitable Gift Trust (EIN: 31-1663020), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
The US Charitable Gift Trust is a 501(c)(3) nonprofit headquartered in Boston, MA, founded in 1999. The organization has held tax-exempt status since 1999. In its 2024 filing, the organization reported $430.9M in total revenue, a 38.1% increase from the prior year, and $277.6M in total expenses. JEFFREY P BEALE, LEAD INDEPENDENT DIRECTOR, is the highest-compensated individual at $60,000. The organization runs 1 program, totaling $258.4M in program expenses. 6 of 6 recommended governance policies are in place.
The US Charitable Gift Trust is classified under NTEE code T122. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
The US Charitable Gift Trust operates 1 program, with total program expenses of $258.4M. The US Charitable Gift Trust's largest program accounts for 100% of total program spending.
SEE SCHEDULE O
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The US Charitable Gift Trust's revenue has grown from $218.9M to $430.9M, a 96.8% increase. Program expenses represent 93% of total spending.
Revenue increased 38.1% year-over-year, while expenses grew 30.1%. net assets rose to $1.5B, up 16.4% from the prior year.
The US Charitable Gift Trust derives 81% from contributions and grants, with 19% from investment income.
Revenue is primarily driven by contributions and grants (81%), with investment income at 19%.
The US Charitable Gift Trust allocates 93% to programs, 4% to management and general, 3% to fundraising.
Revenue grew by 38.1% while expenses grew by only 30.1%, suggesting improving operational efficiency.
The US Charitable Gift Trust distributed $258.4M in grants to other organizations and individuals, representing 93% of total expenses.
Over 6 filings from 2019–2024, The US Charitable Gift Trust grew revenue from $218.9M to $430.9M (+96.8%) while maintaining a program expense ratio of 93%.
The US Charitable Gift Trust holds $2.2B in total assets against $710.3M in liabilities (debt-to-asset ratio of 32%). The organization has 64.1 months of operating reserves. Cash and equivalents of $31.5M cover approximately 1.4 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $430.9M | $351.0M | $0 | $0 | $79.9M |
| 2023 | $311.9M | $273.9M | $0 | $0 | $38.0M |
| 2022 | $236.4M | $214.6M | $0 | $0 | $21.8M |
| 2021 | $424.5M | $386.9M | $0 | $0 | $37.6M |
| 2020 | $244.4M | $222.3M | $0 | $0 | $22.1M |
| 2019 | $218.9M | $195.9M | $0 | $0 | $23.1M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $277.6M | $258.4M | $11.1M | $8.2M | $258.4M |
| 2023 | $213.3M | $199.7M | $4.7M | $0 | $199.7M |
| 2022 | $203.6M | $191.5M | $6.2M | $5.9M | $191.5M |
| 2021 | $175.5M | $164.1M | $5.6M | $5.8M | $164.1M |
| 2020 | $181.2M | $172.1M | $4.3M | $4.7M | $172.1M |
| 2019 | $150.8M | $142.2M | $4.0M | $4.6M | $142.2M |
Program Expense Ratio
93.1%
Admin Expense Ratio
4.0%
Fundraising Efficiency
4283.6%
Operating Reserve
64.1 mo
People & Compensation(Tax Year 2024)
14 records
The US Charitable Gift Trust reported compensation for 14 officers and key employees. Total officer compensation was $257K, representing 0.1% of total expenses.
The US Charitable Gift Trust's highest-compensated individual received $60K in total compensation. Total officer compensation of $257K represents 0.1% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JEFFREY P BEALE | LEAD INDEPENDENT DIRECTOR | Director | 4.00 | $60,000 | $0 | $60,000 |
| MICHELLE A KINCH | DIRECTOR | Director | 3.50 | $50,000 | $0 | $50,000 |
| KATHARINE B LENESS | DIRECTOR | Director | 3.50 | $45,000 | $0 | $45,000 |
| JOHN GRIFFIN | DIRECTOR | Director | 3.00 | $45,000 | $0 | $45,000 |
| KATHLEEN L AMES | DIRECTOR | Director | 2.50 | $40,000 | $0 | $40,000 |
| AMY DANFORTH | DIRECTOR | Director | — | $16,667 | $0 | $16,667 |
| A JOHN MURPHY | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| MICHAEL ASKEW | ASSISTANT SECRETARY | Officer | 1.00 | $0 | $0 | $0 |
| LAWRENCE L FAHEY | VP & CHIEF ADMIN OFFICER | Officer | 5.00 | $0 | $0 | $0 |
| DESMOND GALLACHER | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| STEPHANIE ROSANDER | SECRETARY | Officer | 5.00 | $0 | $0 | $0 |
| MICHAEL P SHATTUCK | ASST TREASURER | Officer | 5.00 | $0 | $0 | $0 |
| JAMES KIRCHNER | TREASURER | Officer | 2.00 | $0 | $0 | $0 |
| STEPHEN W CLARKE | PRES. & CHIEF PHIL. OFF. | OfficerDirector | 40.00 | $0 | $0 | $0 |
Top Contractors(Tax Year 2024)
5 records
The US Charitable Gift Trust reported 5 contractors receiving over $100,000, with total contractor payments of $18.2M.
| Name | Service | Compensation |
|---|---|---|
| EATON VANCE DISTRIBUTORS INC | FUNDRAISING | $8,193,523 |
| RENAISSANCE ADMINISTRATION LLC | DONOR SERV/FD ACCT | $4,430,459 |
| EATON VANCE TRUST COMPANY | TRUST SERVICES | $4,116,990 |
| EATON VANCE MANAGEMENT | ASSET MANAGEMENT | $1,166,292 |
| CHOATE HALL STEWART LLP | LEGAL SERVICES | $242,986 |
Governance & Compliance(Tax Year 2024)
The US Charitable Gift Trust has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 6 members, 6 of whom are independent.
The US Charitable Gift Trust's financial statements are audited, an audit committee oversees the process.
The US Charitable Gift Trust has family or business relationships among officers, directors, or key employees, and delegates management duties to an outside firm.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
6518 records
The US Charitable Gift Trust awarded $231.4M across 6518 grants to organizations. Top recipients include Schwab Charitable Fund - Paula J Campbell Donor Do (Orlando, FL) — $13.4M for for recipient's exempt purpose; Fidelity Investments Charitable Gift Fund (BOSTON, MA) — $5.2M for for recipient's exempt purpose; American Endowment Foundation (HUDSON, OH) — $5.0M for for recipient's exempt purpose.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| Schwab Charitable Fund - Paula J Campbell Donor Do311640316 | Orlando, FL | $13.4M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Fidelity Investments Charitable Gift Fund110303001 | BOSTON, MA | $5.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| American Endowment Foundation341747398 | HUDSON, OH | $5.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Raymond James Charitable Endowment Fund593652538 | ST PETERSBURG, FL | $4.3M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Renaissance Charitable Foundation Inc352129262 | INDIANAPOLIS, IN | $3.9M | FOR RECIPIENT'S EXEMPT PURPOSE |
| National Philanthropic Trust237825575 | JENKINTOWN, PA | $2.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| St Jude Children's Research Hospital620646012 | MEMPHIS, TN | $1.6M | FOR RECIPIENT'S EXEMPT PURPOSE |
| LPL Financial LLC - FBO Ceces House of Hope920278105 | San Diego, CA | $1.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| The Ohio State University Foundation311145986 | Columbus, OH | $1.2M | FOR RECIPIENT'S EXEMPT PURPOSE |
| The Church of Jesus Christ of Latter Day Saints870234341 | Salt Lake City, UT | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Bynum School751932925 | MIDLAND, TX | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Shelburne Farms030229347 | Shelburne, VT | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Burlington City Arts Foundation Inc030354963 | BURLINGTON, VT | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Vermont Community Foundation222712160 | MIDDLEBURY, VT | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| American Red Cross530196605 | Washington, DC | $1.1M | FOR RECIPIENT'S EXEMPT PURPOSE |
| SAMARITANS PURSE581437002 | BOONE, NC | $1.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Rural Gospel & Medical Missions of India Inc Usa952302379 | Sabetha, KS | $1.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Catholic Foundation for Diocese of Salina481104490 | SALINA, KS | $1.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| Northpointe Community Church770178055 | FRESNO, CA | $1.0M | FOR RECIPIENT'S EXEMPT PURPOSE |
| First Baptist Church of Mt Dora596015978 | MT DORA, FL | $932K | FOR RECIPIENT'S EXEMPT PURPOSE |
Showing 20 of 6518 grants.
Fundraising & Events(Tax Year 2024)
The US Charitable Gift Trust uses 1 professional fundraiser. Fundraisers retained $8.2M, with $342.8M going to the organization. Firms include EATON VANCE DISTRIBUTORS.
Professional Fundraisers
| Firm | Activity | Retained | Net to Org |
|---|---|---|---|
| EATON VANCE DISTRIBUTORS | CONTRI. ON SOLICITATIO | $8.2M | $342.8M |
Supplemental Financial Data(Tax Year 2024)
The US Charitable Gift Trust operates a donor-advised fund (DAF) program with 10,740 accounts.
Filing History(Tax Years 1999–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $430.9M | $277.6M | $1.5B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $311.9M | $213.3M | $1.3B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $236.4M | $203.6M | $1.0B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $424.5M | $175.5M | $1.2B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $244.4M | $181.2M | $892.5M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $218.9M | $150.8M | $777.8M |
| 1999–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The US Charitable Gift Trust do?
SEE SCHEDULE O
How much revenue does The US Charitable Gift Trust have?
The US Charitable Gift Trust reported $430,857,316 in total revenue for tax year 2024, up 38.1% from the prior year.
Who is the highest-paid executive at The US Charitable Gift Trust?
JEFFREY P BEALE, LEAD INDEPENDENT DIRECTOR, received $60,000 in total compensation as of tax year 2024.
Is The US Charitable Gift Trust a 501(c)(3)?
Yes, The US Charitable Gift Trust is classified as a 501(c)(3) tax-exempt organization.
Where is The US Charitable Gift Trust located?
The US Charitable Gift Trust is headquartered in Boston, MA 2110.
Is The US Charitable Gift Trust audited?
Yes, The US Charitable Gift Trust's financial statements are audited, and the organization has an audit committee.
How much does The US Charitable Gift Trust spend on fundraising?
The US Charitable Gift Trust reported $8,193,523 in fundraising expenses for tax year 2024, which represents 3.0% of total expenses.
Does The US Charitable Gift Trust give grants?
Yes, The US Charitable Gift Trust distributed $258,359,159 in grants to other organizations and individuals in tax year 2024. Top recipients include Schwab Charitable Fund - Paula J Campbell Donor Do, Fidelity Investments Charitable Gift Fund, American Endowment Foundation.
Does The US Charitable Gift Trust hold fundraising events?
The US Charitable Gift Trust reports fundraising event activities. It uses 1 professional fundraiser.
Data Source
Prepared by: PwC US Tax LLP, WASHINGTON, DC
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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