Gift Clearing Trust
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Gift Clearing Trust is a 501(c)(3) organization based in Indianapolis, Indiana, registered in 2018, with $145,586,442 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
C/o Renpsg 8910 Rd 500, Indianapolis, IN, 46268 EIN 37-6639232 Since 2018
Revenue (FY2023)
$145.6M
▲ 1089.0% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$111.2M
Net assets
$145.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% 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 Gift Clearing Trust: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · +24% 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 Gift Clearing Trust: 16 mo reserves · +24% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Gift Clearing Trust: 4 of 6 checks met earns a B 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 Gift Clearing Trust: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To support ms gift in fostering and promoting philanthropy across the globe.
Contact & location
- Address
- C/o Renpsg 8910 Rd 500, Indianapolis, IN, 46268
- City
- Indianapolis
- State
- Indiana
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $24.5M (FY2016) to $145.6M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $145.8M
Operating margin
23.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$145.8M
Total liabilities
$0
Net assets
$145.8M
Salaries & benefits
$0
0% of expenses
Board members
1
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $145,586,442▲1089% | $111,212,270▲123% | $145,831,757▲5.3% | $145,831,757▲5.3% | 990 |
| 2022 | -$14,719,854▼106% | $49,915,138▼42.0% | $138,504,712▼34.4% | $138,504,712▼34.4% | 990 |
| 2021 | $255,749,182▲180% | $86,045,976▲57.2% | $210,994,704▲349% | $210,994,704▲349% | 990 |
| 2020 | $91,256,862▲289% | $54,744,965▲295% | $47,036,280▲347% | $47,036,280▲347% | 990 |
| 2019 | $23,487,926▲61.6% | $13,868,270▼1.2% | $10,524,383▲1063% | $10,524,383▲1063% | 990 |
| 2018 | $14,534,102▼77.2% | $14,030,242▼80.8% | $904,727▲168% | $904,727▲168% | 990 |
| 2017 | $63,615,998▲160% | $73,230,217▲404% | $337,944▼96.6% | $337,944▼96.6% | 990 |
| 2016 | $24,484,512 | $14,532,349 | $9,952,163 | $9,952,163 | 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 (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ms Global Impact Fund | Trustee | 2 | — |
Grants received · $215.8M total
2 grants to Gift Clearing Trust totaling $215.8M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $107,883,179 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $107,883,179 |
Grants made · $111.2M in FY2023
1 grant totaling $111.2M in FY2023. All grants made by Gift Clearing Trust →
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | General support | $111,201,123 |
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Compare Gift Clearing Trust
Frequently asked questions
- Is Gift Clearing Trust a legitimate nonprofit?
- Yes. Gift Clearing Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 37-6639232, based in Indianapolis, Indiana. Donations are tax-deductible.
- What is Gift Clearing Trust's EIN?
- Gift Clearing Trust's Employer Identification Number (EIN) is 37-6639232.
- How much revenue does Gift Clearing Trust report?
- Gift Clearing Trust reported $145,586,442 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Gift Clearing Trust's spending goes to programs?
- Gift Clearing Trust spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Gift Clearing Trust have?
- CharityIndex grades Gift Clearing Trust A, based on program efficiency and fundraising cost.
- How much does Gift Clearing Trust's highest-paid employee make?
- The highest reported compensation on Gift Clearing Trust's latest Form 990 is $0, paid to Ms Global Impact Fund (Trustee).
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Data for Gift Clearing Trust (EIN 37-6639232) 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.