Bny Mellon Charitable Gift Fund
99% goes to programs $0 to raise $100 Thin reserves Growing revenue
Bny Mellon Charitable Gift Fund is a 501(c)(3) organization based in Boston, Massachusetts, registered in 2013, with $284,885,079 in FY2024 revenue. CharityIndex grades it C, and it directs about 99% of spending to programs.
201 Washington Street Ste 024-0062, Boston, MA, 02108 EIN 30-0748315 Since 2013
Revenue (FY2024)
$284.9M
▲ 66.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$729.3M
Net assets
$2.0M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bny Mellon Charitable Gift Fund: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -156% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bny Mellon Charitable Gift Fund: 0 mo reserves · -156% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bny Mellon Charitable Gift Fund: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bny Mellon Charitable Gift Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Bny mellon charitable gift fund promotes philanthropy by making gifts to qualified charities.
Contact & location
- Address
- 201 Washington Street Ste 024-0062, Boston, MA, 02108
- City
- Boston
- State
- Massachusetts
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $58.3M (FY2017) to $284.9M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.0M
Operating margin
-156.0%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Salaries & benefits
$0
0% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $284,885,079▲66.3% | $729,328,475▲522% | $1,963,215▼99.6% | $1,963,215▼99.6% | 990 |
| 2023 | $171,318,573▼53.5% | $117,278,572▲28.9% | $496,581,548▲3.0% | $496,581,548▲3.0% | 990 |
| 2022 | $368,613,382▲77.0% | $91,016,111▲100% | $482,326,887▲40.8% | $482,326,887▲40.8% | 990 |
| 2021 | $208,280,795▲63.8% | $45,489,141▼38.6% | $342,614,894▲45.3% | $342,614,894▲45.3% | 990 |
| 2020 | $127,126,295▲11.0% | $74,126,504▲85.6% | $235,723,552▲7.5% | $235,723,552▲7.5% | 990 |
| 2019 | $114,515,572▼13.2% | $39,937,745▲36.0% | $219,249,459▲23.5% | $219,249,459▲23.5% | 990 |
| 2018 | $131,920,003▲126% | $29,362,476▲91.5% | $177,476,843▲71.7% | $177,476,843▲71.7% | 990 |
| 2017 | $58,281,775 | $15,331,706 | $103,359,828 | $103,359,828 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carlos Byrne | Asst Secretary&asst Treasu | 0.5 | — |
| Christian Tinory | Asst Treasurer | 0.5 | — |
| Cynthia Danes | Director | 0.5 | — |
| George Rio | Secretary & Director | 0.5 | — |
| Joseph Dello Russo | President & Director | 0.5 | — |
| Kate Taylor | Director | 0.5 | — |
| Komal Misra | Director | 0.5 | — |
| Lauren Messmore | Director | 0.5 | — |
| Sharon Scaramozza | Asst Secretary | 0.5 | — |
| William Elcock | Treasurer & Director | 0.5 | — |
| William Morgan | Asst Treasurer | 0.5 | — |
Grants received · $69.7M total
56 grants to Bny Mellon Charitable Gift Fund totaling $69.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $720.2M in FY2024
1,503 grants totaling $720.2M in FY2024 — showing the 15 largest. All grants made by Bny Mellon Charitable Gift Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| Renaissance Charitable Foundation Inc | To further the organization's exempt purpose | $619,798,574 |
| Fidelity Investments Charitable Gift Fund | To further the organization's exempt purpose | $16,836,937 |
| Vanguard Charitable Endowment Program | To further the organization's exempt purpose | $5,000,000 |
| The Church of Jesus Christ of Latter-day Saints | To further the organization's exempt purpose | $2,346,000 |
| Donor Advised Charitable Giving | To further the organization's exempt purpose | $1,572,567 |
| Tabor Academy | To further the organization's exempt purpose | $1,503,000 |
| National Philanthropic Tr | To further the organization's exempt purpose | $1,402,176 |
| Ekadence Learning Foundation | To further the organization's exempt purpose | $1,335,000 |
| Habitat For Humanity International Inc | To further the organization's exempt purpose | $1,011,000 |
| Chronicle Season of Sharing Fund | To further the organization's exempt purpose | $1,010,000 |
| Mount Vernon Ladies Association of the Union | To further the organization's exempt purpose | $1,002,000 |
| 29 Acres Inc | To further the organization's exempt purpose | $1,000,000 |
| Golden Gate National Parks Conservancy | To further the organization's exempt purpose | $1,000,000 |
| American Endowment Foundation | To further the organization's exempt purpose | $921,687 |
| American National Red Cross | To further the organization's exempt purpose | $880,750 |
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Frequently asked questions
- Is Bny Mellon Charitable Gift Fund a legitimate nonprofit?
- Yes. Bny Mellon Charitable Gift Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 30-0748315, based in Boston, Massachusetts. Donations are tax-deductible.
- What is Bny Mellon Charitable Gift Fund's EIN?
- Bny Mellon Charitable Gift Fund's Employer Identification Number (EIN) is 30-0748315.
- How much revenue does Bny Mellon Charitable Gift Fund report?
- Bny Mellon Charitable Gift Fund reported $284,885,079 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Bny Mellon Charitable Gift Fund's spending goes to programs?
- Bny Mellon Charitable Gift Fund spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bny Mellon Charitable Gift Fund have?
- CharityIndex grades Bny Mellon Charitable Gift Fund C, based on program efficiency and fundraising cost.
- How much does Bny Mellon Charitable Gift Fund's highest-paid employee make?
- The highest reported compensation on Bny Mellon Charitable Gift Fund's latest Form 990 is $0, paid to Carlos Byrne (Asst Secretary&asst Treasu).
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Data for Bny Mellon Charitable Gift Fund (EIN 30-0748315) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.