#126 of 500 · Foundation / Grantmaker / DAF

Bank Of America Charitable Gift Fund

EIN 04-6010342 · MA · NTEE T700 · Form 990, fiscal 2023

Administers donor-advised funds. Donors contribute cash, securities, or other assets to individual giving accounts, receive a charitable tax deduction, and recommend grants over time to qualified nonprofit organizations. The fund handles investment, administration, and grant distribution; in 2025 it distributed more than 100,000 grants totaling over $1.3 billion to nonprofits.

Financials, fiscal 2023

Revenue

$1.19B

Expenses

$845.5M

Total assets

$4.16B

Net assets

$4.08B

Operating margin

28.9%

1-year growth

30.9%

5-year growth (CAGR)

12.4%

Reserve (years of spending)

57.9

Contributions share

85.7%

Programme spending

0.0%

Fundraising cost

0.0%

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

$825.2M

Years filing

66

NFP Health Score: 84 / 100

Financial 73 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history