Nonprofit · EIN 04-3396860
GIFT FOUNDATION INC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $4,738 | $4,575 | $163 | $95,635 | $0 | $95,635 |
| December 31, 2023 | 990-PF | $2,046 | $4,000 | -$1,954 | $88,895 | $0 | $88,895 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,550
- Net gain from sales of assets
- $3,188
Expenses
- Grants and similar amounts paid
- $4,000
- Disbursements for charitable purposes
- $4,475
- Excise tax on investment income
- $44
Balance sheet and other
- Total assets, start of year
- $88,895
- Total assets, end of year
- $95,635
- Total liabilities, end of year
- $0
- Net assets, end of year
- $95,635
- Fair market value of assets
- $95,635
- Qualifying distributions
- $4,475
- Net investment income
- $3,188
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Garrett Pierce 1687 Cromwell Place, Westlake Village, CA 91361 | President | 1 | $0 |
| Andrew Koh 225 Gun Hill Street, Milton, MA 02186 | Treasurer | 1 | $0 |
| Stephen Riden 57 Richwood Street, West Roxbury, MA 02132 | Clerk | 1 | $0 |
| Chris Cavallerano 11 Temple Road, Wellesley, MA 02482 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Garrett Pierce 1687 Cromwell Place, Westlake Village, CA 91361 | President | 1 | $0 |
| Andrew Koh 225 Gun Hill Street, Milton, MA 02186 | Treasurer | 1 | $0 |
| Stephen Riden 57 Richwood Street, West Roxbury, MA 02132 | Clerk | 1 | $0 |
| Chris Cavallerano 11 Temple Road, Wellesley, MA 02482 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O STEVE RIDEN BECK REED RIDEN LLP, BOSTON, MA 02110-0000
- In care of
- % STEPHEN RIDEN BECK REED RIDEN LLP
- Mailing address (990-N for 2012)
- 155 Federal Street Suite 1302, Boston MA 02110
- Principal officer (990-N for 2012)
- Garrett Pierce, 18 Marshall Terrace, Wayland MA 01778
- Signed the 990-PF
- Stephen Riden, Clerk
- Phone
- (617) 226-3180
- Return prepared by
- FRITZ DEGUGLIELMO LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 04-3396860
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Unknown (Z99)
- Assets (IRS master file)
- $95,635
- Income (IRS master file)
- $7,703
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $4,738 | $4,575 | $95,635 | XML |
| 990-PF | December 2023 | $2,046 | $4,000 | $88,895 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-N for 2012 Officer: Garrett Pierce | December 31, 2012 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3396860).
Questions about GIFT FOUNDATION INC
- What is the EIN of GIFT FOUNDATION INC?
- The employer identification number (EIN) of GIFT FOUNDATION INC is 04-3396860.
- Is GIFT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to GIFT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GIFT FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GIFT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of GIFT FOUNDATION INC?
- The 990-N for 2012 names Garrett Pierce.
- Who are the officers and directors of GIFT FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does GIFT FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $4,738, expenses of $4,575 and total assets of $95,635 at year end.
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