U.S. Charitable Gift Trust
U.S. Charitable Gift Trust
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About this organization
Mission
U.S. Charitable Gift Trust (Gift Trust) is a tax-exempt public charity offering donor-advised funds and other charitable giving strategies. In 2019, the Gift Trust introduced the U.S. Legacy Income Trusts (Legacy Income Trusts) as next-generation charitable planned-giving instruments to provide designated income beneficiaries with tax-advantaged income for life and a legacy of charitable giving. The Gift Trust is sponsored by Eaton Vance Management, a longtime leader in wealth management solutions based in Boston.
About
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.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “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.”.
When outlining its responsibilities, they were referred to as: “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.”.
- The state in which the non-profit operates has been officially reported as MA.
- As per the non-profit's form for 2020, they have 0 employees on their payroll.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $68,101,299.
- The CEO salary policy within the organization is subject to review and endorsement by an impartial party.
- The organization has a written policy that delegates the management duties.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization has a professional fund raiser.
- The organization was formed in 1999.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization pays $190,000 in salary, compensation, and benefits to its employees.
- The organization pays $4,597,426 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.
- The organization's financial statements were reviewed by an accountant.