Nonprofit · EIN 37-6639232
GIFT CLEARING TRUST
Tax-exempt · INDIANAPOLIS, IN 46268
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $125,931,395 | $188,508,679 | -$62,577,284 | $83,254,473 | $0 | $83,254,473 |
| September 30, 2024 | 990 | $145,586,442 | $111,212,270 | $34,374,172 | $145,831,757 | $0 | $145,831,757 |
| September 30, 2023 | 990 | -$14,719,854 | $49,915,138 | -$64,634,992 | $138,504,712 | $0 | $138,504,712 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $121,069,807
- Program service revenue
- $0
- Investment income
- $4,861,588
- Net gain from sales of assets
- $2,351,187
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $188,419,745
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $188,419,745
- Management and general (functional)
- $88,934
Balance sheet and other
- Total assets, start of year
- $145,831,757
- Total assets, end of year
- $83,254,473
- Total liabilities, end of year
- $0
- Net assets, end of year
- $83,254,473
- Publicly traded securities
- $3,760,965
- Net assets without donor restrictions
- $83,254,473
- Gross unrelated business income
- $6,743,518
- Gross receipts
- $239,001,202
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2016
- State of legal domicile
- DE
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS GLOBAL IMPACT FUND | TRUSTEE Institutional trustee | 2 | $0 |
990 for the year ended September 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS GLOBAL IMPACT FUND | TRUSTEE Institutional trustee | 2 | $0 |
990 for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MS GLOBAL IMPACT FUND | TRUSTEE Institutional trustee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 8910 PURDUE RD STE 500, INDIANAPOLIS, IN 46268-6100
- In care of
- % RENPSG
- Principal officer (990 for 2024)
- MELANIE SCHNOLL-BEGUN, 8910 PURDUE RD 500, INDIANAPOLIS, IN 46268
- Signed the 990
- MELANIE SCHNOLL-BEGUN, INSTITUTIONAL TRUSTEE
- Phone
- (212) 296-5547
- Return prepared by
- ERNST & YOUNG US LLP
Mission
THE TRUST ACCEPTS AND LIQUIDATES CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE.
Program accomplishments
- GIFT CLEARING TRUST ACCEPTED AND LIQUIDATED CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE. GIFT CLEARING TRUST OPERATES FOR THE SOLE AND EXCLUSIVE BENEFIT OF AND TO PERFORM THE FUNCTION OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC., AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.Expenses $188,419,745 · grants $188,419,745
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 37-6639232
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2018
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $83,254,473
- Income (IRS master file)
- $239,001,202
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $125,931,395 | $188,508,679 | $83,254,473 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $145,586,442 | $111,212,270 | $145,831,757 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | -$14,719,854 | $49,915,138 | $138,504,712 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $255,749,182 | $86,045,976 | $210,994,704 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about GIFT CLEARING TRUST
- What is the EIN of GIFT CLEARING TRUST?
- The employer identification number (EIN) of GIFT CLEARING TRUST is 37-6639232.
- Is GIFT CLEARING TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to GIFT CLEARING TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does GIFT CLEARING 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 GIFT CLEARING TRUST due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFT CLEARING TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of GIFT CLEARING TRUST?
- The 990 for the year ended September 30, 2025 names MELANIE SCHNOLL-BEGUN.
- Who are the officers and directors of GIFT CLEARING TRUST?
- The 990 for the year ended September 30, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does GIFT CLEARING TRUST have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $125,931,395, expenses of $188,508,679 and total assets of $83,254,473 at year end.
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