BANK OF AMERICA CHARITABLE GIFT FD (EIN 046010342) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Phone

8888663275

Tax Period

2024-01-01 to 2024-12-31

BANK OF AMERICA CHARITABLE GIFT FD, founded in 1955, is a large national nonprofit in the Philanthropy & Grantmaking sector that reported $1.7B in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $670.8M, a strong 40% operating margin.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,489,652,673

Program Service Revenue $0

Investment Income $174,748,422

Other Revenue $0

TOTAL REVENUE $1,664,401,095

Expense Breakdown

Grants Paid $969,496,994

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $979,121,858

Other Expenses $24,132,959

TOTAL EXPENSES $993,629,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,664,401,095	$1,188,933,572	+0.4%
Expenses	$993,629,953	$845,469,033	+0.2%
Net Income	$670,771,142	$343,464,539	+1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	N/A		$24,062,159	$0	$24,062,159

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,664,401,095	$993,629,953	$5,096,006,595	$670,771,142
2023	$1,188,501,548	$845,469,034	$4,162,617,542	$343,032,514
2023	$1,188,933,572	$845,469,033	$4,162,617,540	$343,464,539
2022	$907,613,090	$763,125,913	$3,490,678,875	$144,487,177
2022	$907,644,228	$763,125,913	$3,490,678,875	$144,518,315
2021	$1,677,054,646	$728,053,163	$3,954,780,762	$949,001,483

BANK OF AMERICA CHARITABLE GIFT FD