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Nonprofit · EIN 31-1663020

THE US CHARITABLE GIFT TRUST

Tax-exempt · BOSTON, MA 02109

Financials

$311.9M$213.3M2023$430.9M$277.6M2024
Revenue Expenses · by fiscal year end
Financials of THE US CHARITABLE GIFT TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$430,857,316$277,614,618$153,242,698$2,193,546,383$710,307,723$1,483,238,660
December 31, 2023990$311,917,718$213,327,595$98,590,123$1,737,981,703$463,517,437$1,274,464,266
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$350,975,229
Program service revenue
$0
Investment income
$79,882,087
Net gain from sales of assets
$31,738,375
Other revenue
$0

Expenses

Grants and similar amounts paid
$258,359,159
Compensation of officers, directors and key employees
$256,667
Salaries, compensation and benefits (total)
$256,667
Professional fundraising fees
$8,193,523
Legal fees
$242,986
Accounting fees
$4,430,459
Program services (functional)
$258,359,159
Management and general (functional)
$11,061,936
Fundraising (functional)
$8,193,523

Balance sheet and other

Total assets, start of year
$1,737,981,703
Total assets, end of year
$2,193,546,383
Total liabilities, end of year
$710,307,723
Net assets, end of year
$1,483,238,660
Publicly traded securities
$1,304,813,426
Net assets without donor restrictions
$1,191,227,218
Net assets with donor restrictions
$292,011,442
Gross unrelated business income
$302,212
Gross receipts
$910,499,860
Employees
0
Volunteers
0
Year formed
1999
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JEFFREY P BEALELEAD INDEPENDENT DIRECTOR
Trustee or director
4$60,000
MICHELLE A KINCHDIRECTOR
Trustee or director
3.5$50,000
JOHN GRIFFINDIRECTOR
Trustee or director
3$45,000
KATHARINE B LENESSDIRECTOR
Trustee or director
3.5$45,000
KATHLEEN L AMESDIRECTOR
Trustee or director
2.5$40,000
AMY DANFORTHDIRECTOR UNTIL 7/24
Trustee or director
0$16,667
STEPHEN W CLARKEPRES. & CHIEF PHIL. OFF.
Trustee or director, Officer
40$0
JAMES KIRCHNERTREASURER
Officer
2$0
MICHAEL P SHATTUCKASST TREASURER
Officer
5$0
STEPHANIE ROSANDERSECRETARY
Officer
5$0
DESMOND GALLACHERVICE PRESIDENT UNTIL 11/24
Officer
1$0
A JOHN MURPHYVICE PRESIDENT
Officer
1$0
MICHAEL ASKEWASSISTANT SECRETARY
Officer
1$0
LAWRENCE L FAHEYVP & CHIEF ADMIN OFFICER
Officer
5$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
JEFFREY P BEALELEAD INDEPENDENT DIRECTOR
Trustee or director
4$60,000
MICHELLE A KINCHDIRECTOR
Trustee or director
3.5$50,000
JOHN GRIFFINDIRECTOR
Trustee or director
3$45,000
KATHARINE B LENESSDIRECTOR
Trustee or director
3.5$45,000
KATHLEEN L AMESDIRECTOR
Trustee or director
2.5$40,000
LAWRENCE L FAHEYVICE PRESIDENT
Trustee or director, Officer
5$0
STEPHEN W CLARKEPRESIDENT
Trustee or director, Officer
40$0
JAMES KIRCHNERTREASURER
Officer
2$0
MICHAEL P SHATTUCKASST TREASURER
Officer
5$0
STEPHANIE ROSANDERSECRETARY
Officer
5$0
DESMOND GALLACHERVICE PRESIDENT
Officer
1$0
A JOHN MURPHYVICE PRESIDENT
Officer
1$0
MICHAEL ASKEWASSISTANT SECRETARY
Officer
1$0
MEGHAN MOSESCHIEF PHIL. OFF. 1/23-2/23
Officer
4$0

Address and contacts

Address (IRS master file)
ONE POST OFFICE SQUARE, BOSTON, MA 02109-2106
In care of
% RENAISSANCE ADMINISTRATION L
Principal officer (990 for 2024)
STEPHEN W CLARKE, ONE POST OFFICE SQUARE, BOSTON, MA 02109
Signed the 990
STEPHEN W CLARKE, PRESIDENT
Phone
(800) 836-2414
Return prepared by
PwC US Tax LLP

Mission

SEE SCHEDULE O

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $258,359,159 · grants $258,359,159

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1663020
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,193,546,383
Income (IRS master file)
$910,499,860

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$430,857,316$277,614,618$2,193,546,383IRS
990December 2023$311,917,718$213,327,595$1,737,981,703XML
990December 2022$236,415,879$203,557,691$1,258,791,921IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1663020).

Questions about THE US CHARITABLE GIFT TRUST

What is the EIN of THE US CHARITABLE GIFT TRUST?
The employer identification number (EIN) of THE US CHARITABLE GIFT TRUST is 31-1663020.
Is THE US CHARITABLE GIFT TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to THE US CHARITABLE GIFT TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE US CHARITABLE GIFT TRUST file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE US CHARITABLE GIFT TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE US CHARITABLE GIFT TRUST last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE US CHARITABLE GIFT TRUST?
The 990 for the year ended December 31, 2024 names STEPHEN W CLARKE.
Who are the officers and directors of THE US CHARITABLE GIFT TRUST?
The 990 for the year ended December 31, 2024 lists 14 people; 6 received compensation from the organization, the highest $60,000 (JEFFREY P BEALE, LEAD INDEPENDENT DIRECTOR).
How much revenue does THE US CHARITABLE GIFT TRUST have?
On its 990 for the year ended December 31, 2024 it reported revenue of $430,857,316, expenses of $277,614,618 and total assets of $2,193,546,383 at year end.

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