BANK OF AMERICA CHARITABLE GIFT FUND

BOSTON, MA, 02110-1802 (888) 866-3275 Est. 1955 EIN 04-6010342
T700 - Philanthropy & Grantmaking 990 - Public charity return 501(c)(3)

Mission

A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS

Giving Portfolio

Total Grants
6
Total Giving
$4.8B
Recipients
4
Years Active
2021 - 2024
Avg grant: $812,299,569 Median: $784,712,146

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$969.5M $969.5M01
20232$1.7B $825.2M01
20222$1.5B $744.2M01
20211$710.3M $710.3M10

Top States

Massachusetts
6

Top Grantees

SEE ATTACHED LIST OF DISTRIBUTIONS
MA - 6 grants
$4.8B

Grants Awarded · 6 grants

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Financials

Total Revenue
$1,664,401,095
Total Expenses
$993,629,953
Net Assets
$5,038,097,658
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
5.1 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 40.0%
Expenses ↑ 17.5%
Revenue Sources
Contributions 89.5% Investment 10.5%
Expense Breakdown
Program 98.5% Management 1.5%

Officers & Trustees (1)

Individual compensation is available on Grow plans.

Filing History (6 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$1,664,401,095 ↑$993,629,953$5,038,097,658
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,188,501,548 ↓$845,469,034$4,078,171,483
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$1,188,933,572 ↑$845,469,033$4,078,171,482
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$907,644,228 ↑$763,125,913$3,441,477,199
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$907,613,090 ↓$763,125,913$3,441,477,199
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$1,677,054,646 $728,053,163$3,845,753,040

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EIN: 04-6010342 · Source: IRS Form 990 e-file data