THE US CHARITABLE GIFT TRUST

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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

1999

Legal Domicile

Principal Officer

STEPHEN W CLARKE

Phone

8008362414

Tax Period

2023-01-01 to 2023-12-31

THE US CHARITABLE GIFT TRUST, founded in 1999, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $311.9M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98.6M, a strong 32% operating margin.

Mission

ORGANIZATION MISSION THE MISSION OF THE U.S. CHARITABLE GIFT TRUST (THE "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 TRUST UNDER THE SUPERVISION OF THE TRUST'S BOARD OF DIRECTORS AND, ALONG WITH EATON VANCE TRUST COMPANY ("EVTC") AND CALVERT RESEARCH AND MANAGEMENT AS WELL AS CI EATON PRIVATE WEALTH, PROVIDES INVESTMENT ADVISORY SERVICES TO THE TRUST. ON AN ONGOING BASIS, EVTC, AS THE TRUST'S TRUSTEE, HIRES AND OVERSEES CERTAIN SERVICE PROVIDERS TO THE TRUST.

Program Service Accomplishments

Program 1

Expenses: $199,729,751

PROGRAM SERVICE ACCOMPLISHMENTS THE U.S. CHARITABLE GIFT TRUST (TRUST) IS A TAX-EXEMPT PUBLIC CHARITY OFFERING DONOR-ADVISED FUNDS AND POOLED INCOME FUNDS. AS DESCRIBED HEREIN, THE TRUST MAKES GRANTS TO NUMEROUS CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES, INCLUDING CHARITABLE ORGANIZATIONS SELECTED BY PERSONS TRANSFERRING ACCEPTABLE PROPERTY TO THE TRUST (DONORS) AND OTHERS AUTHORIZED BY DONORS TO SELECT QUALIFIED CHARITABLE ORGANIZATIONS FOR GRANTS. THE 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 TRUST'S DETERMINATION THAT THE GRANT RECIPIENT IS A QUALIFIED CHARITABLE ORGANIZATION AND THAT THE GRANT OTHERWISE MEETS APPLICABLE LEGAL REQUIREMENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $273,945,481

Program Service Revenue $0

Investment Income $37,972,237

Other Revenue $0

TOTAL REVENUE $311,917,718

Expense Breakdown

Grants Paid $199,729,751

Salaries & Benefits $240,000

Fundraising Expenses $6,413,733

Program Expenses $199,729,751

Other Expenses $6,944,111

TOTAL EXPENSES $213,327,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,917,718	$236,415,879	+0.3%
Expenses	$213,327,595	$203,557,691	+0.0%
Net Income	$98,590,123	$32,858,188	+2.0%

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

$240,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY P BEALE	LEAD INDEPENDENT DIRECTOR	4.0	Director	$60,000	$0	$60,000
MICHELLE A KINCH	DIRECTOR	3.5	Director	$50,000	$0	$50,000
JOHN GRIFFIN	DIRECTOR	3.0	Director	$45,000	$0	$45,000
KATHARINE B LENESS	DIRECTOR	3.5	Director	$45,000	$0	$45,000
KATHLEEN L AMES	DIRECTOR	2.5	Director	$40,000	$0	$40,000
LAWRENCE L FAHEY	VICE PRESIDENT	5.0	Officer Director	$0	$0	$0
STEPHEN W CLARKE	PRESIDENT	40.0	Officer Director	$0	$0	$0
JAMES KIRCHNER	TREASURER	2.0	Officer	$0	$0	$0
MICHAEL P SHATTUCK	ASST TREASURER	5.0	Officer	$0	$0	$0
STEPHANIE ROSANDER	SECRETARY	5.0	Officer	$0	$0	$0
DESMOND GALLACHER	VICE PRESIDENT	1.0	Officer	$0	$0	$0
A JOHN MURPHY	VICE PRESIDENT	1.0	Officer	$0	$0	$0
MICHAEL ASKEW	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
MEGHAN MOSES	CHIEF PHIL. OFF. 1/23-2/23	4.0	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	No data	No data	No data	No data
2023	$311,917,718	$213,327,595	$1,737,981,703	$98,590,123
2022	$236,415,879	$203,557,691	$1,258,791,921	$32,858,188
2021	$424,474,116	$175,475,992	$1,329,314,188	$248,998,124
2020	$244,430,823	$181,157,001	$1,001,513,171	$63,273,822
2020	$244,430,823	$181,157,001	$1,001,513,171	$63,273,822
2019	$218,949,196	$150,847,897	$870,606,632	$68,101,299
2018	$197,641,400	$110,739,818	$707,102,568	$86,901,582