BNY MELLON CHARITABLE GIFT FUND C/O BNY MELLON NA

EIN: 300748315 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$284,885,079
Total Expenses
$729,328,475
Total Assets
$1,963,215
Net Assets
$1,963,215
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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
2012
Legal Domicile
DE
Principal Officer
CARLOS BYRNE
Phone
6177227191
Tax Period
2024-01-01 to 2024-12-31

BNY MELLON CHARITABLE GIFT FUND C/O BNY MELLON NA, founded in 2012, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $284.9M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $729.3M exceeded revenue, resulting in a 156% operating deficit.

Mission

BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING SUCH CONTRIBUTIONS FOR INVESTMENT MANAGEMENT AND ADMINISTRATIVE PURPOSES, AND BY MAKING GIFTS TO ORGANIZATIONS WHICH ARE DEDICATED TO CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $725,628,666 Revenue: $1,482,309

BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING...

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BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING SUCH CONTRIBUTIONS FOR INVESTMENT MANAGEMENT AND ADMINISTRATIVE PURPOSES, AND BY MAKING GIFTS TO ORGANIZATIONS WHICH ARE DEDICATED TO CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $164,097,462
Program Service Revenue $0
Investment Income $119,305,308
Other Revenue $1,482,309
TOTAL REVENUE $284,885,079

Expense Breakdown

Grants Paid $725,628,666
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $725,628,666
Other Expenses $3,699,809
TOTAL EXPENSES $729,328,475

Year-over-Year Comparison

2024 2023 Change
Revenue $284,885,079 $171,318,573 +0.7%
Expenses $729,328,475 $117,278,572 +5.2%
Net Income $-444,443,396 $54,040,001 -9.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA DANES DIRECTOR 0.50
Director
$0 $0 $0
GEORGE RIO SECRETARY & DIRECTOR 0.50
Officer Director
$0 $0 $0
JOSEPH DELLO RUSSO PRESIDENT & DIRECTOR 0.50
Officer Director
$0 $0 $0
KATE TAYLOR DIRECTOR 0.50
Director
$0 $0 $0
KOMAL MISRA DIRECTOR 0.50
Director
$0 $0 $0
LAUREN MESSMORE DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM ELCOCK TREASURER & DIRECTOR 0.50
Officer Director
$0 $0 $0
CARLOS BYRNE ASST SECRETARY&ASST TREASU 0.50
Officer
$0 $0 $0
CHRISTIAN TINORY ASST TREASURER 0.50
Officer
$0 $0 $0
SHARON SCARAMOZZA ASST SECRETARY 0.50
Officer
$0 $0 $0
WILLIAM MORGAN ASST TREASURER 0.50
Officer
$0 $0 $0
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 $284,885,079 $729,328,475 $1,963,215 $-444,443,396
2023 $171,318,573 $117,278,572 $496,581,548 $54,040,001
2022 $368,613,382 $91,016,111 $482,326,887 $277,597,271
2021 $208,280,795 $45,489,141 $342,614,894 $162,791,654
2020 $127,126,295 $74,126,504 $235,723,552 $52,999,791
2019 $114,515,572 $39,937,745 $219,249,459 $74,577,827
2018 $131,920,003 $29,362,476 $177,476,843 $102,557,527
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