Nonprofit · EIN 04-6010342
BANK OF AMERICA CHARITABLE GIFT FUND
Also known as 215-099008533496
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,664,401,095 | $993,629,953 | $670,771,142 | $5,096,006,595 | $57,908,937 | $5,038,097,658 |
| December 31, 2023 | 990 (amended) | $1,188,933,572 | $845,469,033 | $343,464,539 | $4,162,617,540 | $84,446,058 | $4,078,171,482 |
| December 31, 2022 | 990 (amended) | $907,644,228 | $763,125,913 | $144,518,315 | $3,490,678,875 | $49,201,676 | $3,441,477,199 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,489,652,673
- Program service revenue
- $0
- Investment income
- $174,748,422
- Net gain from sales of assets
- $54,250,961
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $969,496,994
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $979,192,658
- Management and general (functional)
- $14,437,295
Balance sheet and other
- Total assets, start of year
- $4,162,617,540
- Total assets, end of year
- $5,096,006,595
- Total liabilities, end of year
- $57,908,937
- Net assets, end of year
- $5,038,097,658
- Publicly traded securities
- $4,100,959,275
- Net assets without donor restrictions
- $4,980,334,107
- Net assets with donor restrictions
- $57,763,551
- Gross receipts
- $3,202,407,060
- Employees
- 0
- Year formed
- 1955
- State of legal domicile
- MA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE Institutional trustee | – | $24,062,159 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE Institutional trustee | – | $20,052,864 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE Institutional trustee | 1 | $18,808,703 |
Address and contacts
- Address (IRS master file)
- 100 FEDERAL STREET MA5-100-10-21, BOSTON, MA 02110-1802
- Principal officer (990 for 2024)
- SAME AS ABOVE
- Signed the 990
- BANK OF AMERICA N A, MANAGING DIR
- Phone
- (888) 866-3275
Mission
A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS
Program accomplishments
- GRANTS TO CHARITABLE ORGANIZATIONS (SEE ATTACHED STATEMENTS)Expenses $969,496,994 · grants $969,496,994
- BANK OF AMERICA TRUSTEE FEESExpenses $9,624,864
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6010342
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T700)
- Assets (IRS master file)
- $5,096,006,595
- Income (IRS master file)
- $3,202,407,060
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,664,401,095 | $993,629,953 | $5,096,006,595 | XML |
| 990 | December 2023 | $1,188,933,572 | $845,469,033 | $4,162,617,540 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $907,644,228 | $763,125,913 | $3,490,678,875 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
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 04-6010342).
Questions about BANK OF AMERICA CHARITABLE GIFT FUND
- What is the EIN of BANK OF AMERICA CHARITABLE GIFT FUND?
- The employer identification number (EIN) of BANK OF AMERICA CHARITABLE GIFT FUND is 04-6010342.
- Is BANK OF AMERICA CHARITABLE GIFT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1957.
- Are donations to BANK OF AMERICA CHARITABLE GIFT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BANK OF AMERICA CHARITABLE GIFT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BANK OF AMERICA CHARITABLE GIFT FUND 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 BANK OF AMERICA CHARITABLE GIFT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BANK OF AMERICA CHARITABLE GIFT FUND?
- The 990 for the year ended December 31, 2024 names SAME AS ABOVE.
- Who are the officers and directors of BANK OF AMERICA CHARITABLE GIFT FUND?
- The 990 for the year ended December 31, 2024 lists 1 person; 1 received compensation from the organization, the highest $24,062,159 (BANK OF AMERICA, TRUSTEE).
- How much revenue does BANK OF AMERICA CHARITABLE GIFT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,664,401,095, expenses of $993,629,953 and total assets of $5,096,006,595 at year end.
Other nonprofits in BOSTON
- THE US CHARITABLE GIFT TRUST EIN 31-1663020 · last filed 990 for 2024
- BOSTON FOUNDATION INC EIN 04-2104021 · last filed 990 for 2025
- COMBINED JEWISH PHILANTHROPIES OF GREATER BOSTON INC EIN 04-2103559 · last filed 990 for 2025
- BNY MELLON CHARITABLE GIFT FUND EIN 30-0748315 · last filed 990 for 2024
- THE MELLEN CHARITABLE FOUNDATION INC EIN 85-3945419 · last filed 990-PF for 2024
- BARR FOUNDATION EIN 04-6579815 · last filed 990-PF for 2024
- JEREMY AND HANNELORE GRANTHAM ENVIRONMENTAL TRUST EIN 20-3959397 · last filed 990 for 2024
- KLARMAN FAMILY FOUNDATION EIN 04-3105768 · last filed 990-PF for 2024
All nonprofits in BOSTON · Massachusetts · Philanthropy, voluntarism and grantmaking foundations