Overview
What is The Us Charitable Gift Trust Co Eaton Vance Trust Company?
The U.S. Charitable Gift Trust Co Eaton Vance Trust Company, also known as The Trust, is a tax-exempt public charity based in Boston, Massachusetts. It offers donor-advised and pooled income funds, enabling donors to support various charitable organizations throughout the United States. The Trust's mission is to facilitate charitable giving through a cost-effective investment program, allowing donors to determine grant recipients and timings while avoiding the administrative burdens of establishing separate foundations. The Trust is overseen by a Board of Directors and managed by Eaton Vance Management, with Eaton Vance Trust Company, Calvert Research and Management, and CI Eaton Private Wealth providing investment advisory services. All grants from the Trust are subject to legal requirements and the organization's determination that the recipient is a qualified charitable organization.
Official website here: www.uscharitablegifttrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% - Four-Star out of Four Star rating from Charity Navigator.
The Us Charitable Gift Trust Co Eaton Vance Trust Company has achieved an impressive 94% score, resulting in a Four-Star rating. This high score reflects exceptional accountability and financial practices, with the organization maintaining a strong focus on transparency and governance. The charity's independent board is entirely composed of non-affiliated members, which enhances its accountability.
Notably, the organization has demonstrated robust financial management, indicated by a program expense ratio of 93.73% and a low fundraising efficiency ratio of $0.02. These metrics suggest that a significant portion of their funds is directed towards programs rather than administrative costs, which is a positive indicator for potential donors. Furthermore, the absence of material asset diversion and no loans to or from officers affirms the organization's integrity in handling its resources.
Despite these strengths, potential donors should consider that the score is derived solely from the Accountability & Finance beacon, which may not reflect other operational aspects such as program impact and effectiveness. Overall, the charity presents a solid case for trustworthiness and efficiency in financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is The Us Charitable Gift Trust Co Eaton Vance Trust Company legitimate?
The Us Charitable Gift Trust Co Eaton Vance Trust Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Us Charitable Gift Trust Co Eaton Vance Trust Company 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $252,916
Professional Fundraising Fees: $5,909,444
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.uscharitablegifttrust.org
What is the mission statement of The Us Charitable Gift Trust Co Eaton Vance Trust Company?
The U.S. Charitable Gift Trust, managed by Eaton Vance Management, aims to enhance charitable giving by offering a tax-advantaged investment program. The Trust's mission is to help donors realize their philanthropic aspirations in a cost-effective manner. Under the oversight of its Board of Directors, Eaton Vance Management and its partners, Calvert Research and Management and CI Eaton Private Wealth, provide investment advisory services to the Trust. Regularly, the Trust's trustee, Eaton Vance Trust Company, hires and monitors essential service providers for the Trust.
Official website here: www.uscharitablegifttrust.org
Who is the CEO of The Us Charitable Gift Trust Co Eaton Vance Trust Company?
Stephen W Clarke is the Lead Director of The Us Charitable Gift Trust Co Eaton Vance Trust Company.
Official website here: www.uscharitablegifttrust.org
What is the revenue of The Us Charitable Gift Trust Co Eaton Vance Trust Company?
The Us Charitable Gift Trust Co Eaton Vance Trust Company's revenue in 2022 was $236,415,879.
Official website here: www.uscharitablegifttrust.org
Who are the executives of The Us Charitable Gift Trust Co Eaton Vance Trust Company and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $48,333
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- Other: $0
- Compensation: $45,000
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- Other: $0
- Compensation: $43,333
- Related: $0
- Other: $0
- Compensation: $37,500
- Related: $0
- Other: $0
- Compensation: $18,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.uscharitablegifttrust.org
Where can I find the form 990 for The Us Charitable Gift Trust Co Eaton Vance Trust Company?
The Us Charitable Gift Trust Co Eaton Vance Trust Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uscharitablegifttrust.org
Learn more at the official website: www.uscharitablegifttrust.org
Mission Statement of The Us Charitable Gift Trust Co Eaton Vance Trust Company
The U.S. Charitable Gift Trust, also known as The Trust, is a mission-driven organization dedicated to increasing charitable giving through a tax-advantaged investment program. By offering a cost-effective solution, The Trust helps donors reach their philanthropic goals. The Trust's management is overseen by a Board of Directors, with Eaton Vance Management serving as the manager. Additionally, Eaton Vance Trust Company, Calvert Research and Management, and CI Eaton Private Wealth provide investment advisory services to The Trust.
The Trust's primary objective is to facilitate charitable giving, ensuring that donors can make a substantial impact on the causes they care about, while also benefiting from tax advantages. Eaton Vance Management's expertise and guidance enable The Trust to effectively manage investments and allocate resources to charitable causes. EVTC, acting as the Trustee, plays a crucial role in hiring and overseeing various service providers, ensuring that The Trust operates efficiently and effectively in achieving its mission.
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Impact
October, 2024
The U.S. Charitable Gift Trust Co. Eaton Vance Trust Company plays a significant role in enhancing charitable giving by providing a structured, tax-advantaged investment framework for donors. By offering donor-advised funds and pooled income funds, it allows individuals to contribute assets with the flexibility to decide when and how to distribute their charitable gifts. This approach simplifies the giving process and eliminates the complexities associated with creating and managing separate charitable foundations.
Managed by Eaton Vance Management and overseen by the Trust's Board of Directors, the Trust ensures that funds are optimally invested to maximize charitable impact. It also grants support to a diverse array of qualified charitable organizations throughout the United States, empowering donors to direct their philanthropic efforts towards causes that resonate with them.
Through its efficient management and commitment to philanthropy, the Trust not only fosters an environment conducive to increased charitable contributions, but it also strengthens the charitable sector by facilitating grants to various organizations, thereby addressing a range of social needs. This streamlined process encourages more individuals to engage in philanthropy, ultimately broadening the impact of charitable giving across communities.
This information is meant to be a general summary of The Us Charitable Gift Trust Co Eaton Vance Trust Company. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $21,832,596
- Gross Receipts: $481,568,098
Assets and Liabilities:
- Total Assets: $1,258,791,921
- Total Liabilities: $213,905,358
- Net Assets: $1,044,886,563
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Organization Details
Founding Year
1999
Phone
(800) 836-2414Principal Officer
Stephen W Clarke
Main Address
Two International Place, Boston, MA, 02110
NTEE Category
Code: T122 - Philanthropy
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