Boston Charitable Trust Fund
- Assets
- $1.2m
- Revenue
- $4.5m
- Investments
- $9.0k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1985
- Data as of
- 06/2021
- EIN
- 04-6528581
Organization Overview
Boston Charitable Trust Fund is located in Boston, MA. The organization was established in 1985. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boston Charitable Trust Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Boston Charitable Trust Fund generated $4.5m in total revenue. All expenses for the organization totaled $14.7m during the year ending 06/2021.
Since 2020, Boston Charitable Trust Fund has awarded 589 individual grants totaling $50,657,408. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND OTHER CHARITABLE ORGANIZATIONS WHICH ENGAGE IN CHARITABLE SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL AND INCOME FROM ALL PROPERTY RECEIVED AND ACCEPTED BY THE TRUST SHALL BE DISTRIBUTED TO OR FOR THE USE OF OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Garceau First Assistant Collector/treasurer | OfficerTrustee | 0.01 | $0 |
Richard Depiano Second Assistant Collector | Officer | 0.01 | $0 |
Drew Smith Former First Assistant Collector/treasurer | 0.01 | $0 | |
Emme Handy Former Collector/treasurer | 0.01 | $0 | |
Justin Sterrit Former Collector/treasurer | 0.01 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,508,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,508,857 |
| Total Program Service Revenue | $0 |
| Investment income | $1,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,766 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,494,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,642,296 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $47 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,303 |
| Total functional expenses | $14,650,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,491 |
| Savings and temporary cash investments | $486,724 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,001 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,173,216 |
| Accounts payable and accrued expenses | $5,771 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $452,070 |
| Total liabilities | $457,841 |
| Net assets without donor restrictions | $715,375 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,173,216 |
Grants Awarded
Over the last fiscal year, Boston Charitable Trust Fund has awarded $13,558,430 in support to 233 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $1,000,000 |
BOSTON AREA DOMESTIC VIOLENCE PARTNERSHIP (FISCAL SPONSOR CASA MYRNA) PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $871,860 |
BOSTON PUBLIC SCHOOLS PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $620,000 |
Jamaica Plain, MA PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $500,439 |
PROJECT BREAD PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $370,500 |
BLACK BOSTON COVID-19 COALITION PURPOSE: TO PROVIDE FINANCIAL RELIEF TO RECIPIENTS DURING THE COVID-19 PANDEMIC. | $328,984 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Boston Charitable Trust Fund has recieved totaling $191,800.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: BOSTON RESILIENCY FUND | $180,000 |
Fidelity Foundation Boston, MA PURPOSE: COVID-19 PROGRAM | $6,000 |
Remondi Family Foundation New York, NY PURPOSE: GENERAL | $5,000 |
Fidelity Foundation Boston, MA PURPOSE: COVID-19 PROGRAM | $500 |
Fidelity Foundation Boston, MA PURPOSE: COVID-19 PROGRAM | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bny Mellon Charitable Gift Fund Boston, MA | $342,614,894 | $208,280,795 |
Keren Keshet-The Rainbow Foundation New York, NY | $212,134,789 | $28,921,665 |
Roswell Park Alliance Foundation Buffalo, NY | $159,422,911 | $37,424,046 |
World Of Giving Inc Spring Valley, NY | $6,086,190 | $25,054,815 |
Chapel & York Us Foundation Inc New York, NY | $7,715,489 | $28,773,311 |
Give Lively Foundation Inc New York, NY | $21,044,109 | $22,415,300 |
Greater Hartford Community Foundation Inc Hartford, CT | $8,414,279 | $22,150,705 |
Harlem Rbi Incorporated New York, NY | $85,587,058 | $22,268,250 |
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |