Overview
What is Bank Of America Charitable Gift Fd?
Bank of America Charitable Gift Fund is a public charity based in Boston, Massachusetts, specifically located at 100 Federal Street, MA5-100-10-21. Their primary mission revolves around making grants on behalf of individuals and families who establish donor-advised funds. Essentially, they serve as an intermediary, enabling donors to recommend charities to support while managing their philanthropic dollars. The organization's activities focus on grant-making and strengthening the community by aligning donors' charitable intentions with deserving causes.
Is Bank Of America Charitable Gift Fd legitimate?
Bank Of America Charitable Gift Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bank Of America Charitable Gift Fd submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Bank Of America Charitable Gift Fd
Bank of America Charitable Gift Fund, a public charity, serves as a conduit for individuals and families to make charitable donations. Through this fund, grant requests are administered on behalf of these donors. The organization's primary mission revolves around facilitating grants to various charitable organizations.
The Bank of America Charitable Gift Fund acts as a trusted intermediary, enabling generous individuals and families to support a wide range of causes that resonate with them. By creating donor-advised funds, donors can make tax-deductible contributions, recommend where and when the funds be granted, and witness the impact of their philanthropic efforts unfold. This flexibility allows donors to align their charitable giving with their personal values and strategic priorities.
In essence, the Bank of America Charitable Gift Fund plays a vital role in amplifying the charitable intentions of its donors. By providing a simple, flexible, and cost-effective means of supporting their preferred charitable organizations, the Fund empowers donors to make a significant difference in the lives of others.
Impact
This information is meant to be a general summary of Bank Of America Charitable Gift Fd. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Bank of America Charitable Gift Fund plays a significant role in facilitating philanthropic contributions and supporting charitable organizations. Through its structure as a public charity that makes grants on behalf of individuals and families who establish donor advised funds, the fund enables donors to efficiently manage and distribute their charitable giving. By providing grants to various charitable organizations as outlined in its mission, the impact of the Bank of America Charitable Gift Fund extends to diverse causes and communities. Its work reflects a commitment to promoting philanthropy and supporting nonprofits in their mission-driven work.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1955
Phone
(888) 866-3275
Main Address
100 FEDERAL STREET MA5-100-10-21, BOSTON, MA, 02110
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Bank Of America Charitable Gift Fd and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.