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EIN 04-6010342

Bank of America Charitable Gift Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Providence
State
Rhode Island
Year formed
1957
Most recent tax filings
2020-12-01
NTEE code, primary
T30: Public Foundations
Description
A public charity that makes grants on behalf of individuals and families who create donor advised funds. Grants to charity (see attached statements. Bank of America trustee fees.
Also known as...
215-099008533496
Total revenues
$837,703,273
2020
Total expenses
$447,124,027
2020
Total assets
$2,364,761,741
2020
Num. employees
0
2018

Program areas at Bank of America Charitable Gift Fund

Grants to charity (see attached statements
Bank of America trustee fees

Who funds Bank of America Charitable Gift Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$6,945,897
Chan Soon-Shiong Family FoundationCharitable$3,770,000
Schwab Charitable FundPublic, Societal Benefit$3,042,829
...and 42 more grants received totalling $34,118,065

Financials for Bank of America Charitable Gift Fund

RevenuesFYE 12/2020
Total grants, contributions, etc.$768,573,256
Program services$0
Investment income and dividends$44,925,512
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$24,204,505
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$837,703,273

Form 990s for Bank of America Charitable Gift Fund

Fiscal year endingDate received by IRSFormPDF link
2019-122021-12-17990View PDF
2018-122019-09-04990View PDF
2017-122018-08-06990View PDF
2016-122017-06-16990View PDF
2015-122016-06-28990View PDF
...and 7 more Form 990s

Organizations like Bank of America Charitable Gift Fund

OrganizationLocationRevenue
Raymond James Charitable Endowment FundSt Petersburg, FL$358,502,519
Jewish Communal FundNew York, NY$678,565,660
Morgan Stanley Global Impact Funding TrustIndianapolis, IN$1,387,889,904
The US Charitable Gift TrustBoston, MA$244,430,823
The Pew Charitable Trusts (Pew)Philadelphia, PA$346,765,756
Silicon Valley Community Foundation (SVCF)Mountain View, CA$2,635,999,525
The Bessemer Giving FundWoodbridge, NJ$215,208,816
Tides FoundationSan Francisco, CA$1,066,458,024
Greater HorizonsKansas City, MO$502,654,342
California Community FoundationLos Angeles, CA$440,080,131
Data update history
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2019
August 3, 2022
Received grants
Identified 11 new grant, including a grant for $3,770,000 from Chan Soon-Shiong Family Foundation
October 1, 2021
Received grants
Identified 4 new grant, including a grant for $968,561 from Amani Family Foundation
September 24, 2021
Received grants
Identified 12 new grant, including a grant for $1,070,000 from Grace & Hope Foundation
March 19, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Grantmaking organizationsSocial advocacy organizationsCharities
Issues
Public policy
Characteristics
Operates donor advised fundsProvides grantsConducts researchState / local levelEndowed supportTax deductible donationsNo full-time employees
General information
Address
PO Box 1802
Providence, RI 02901
Metro area
Providence-Warwick, RI-MA
County
Providence County, RI
Facebook page
USouthFlorida 
Twitter profile
@usouthflorida 
IRS details
EIN
04-6010342
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1957
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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This organization's description was created in-part with GPT-3 — an artificial intelligence language-generating model developed by OpenAI — because no good description exists within their Form 990. Cause IQ inputs known data points on the organization (primarily from the Form 990) into GPT-3 to generate an informative and user-friendly description summarizing the organization. Cause IQ takes full responsibility for the content of this OpenAI description.