Massachusetts · Nonprofit
BANK OF AMERICA CHARITABLE GIFT FD
BANK OF AMERICA CHARITABLE GIFT FD (Massachusetts) receives grants from 230 organizations whose IRS filings report $563,745,434 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($114,113,593). 89 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly. BANK OF AMERICA CHARITABLE GIFT FD administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
- Revenue FY2024
- $1.7B
- Funders on record
- 230
- Grants received
- $564M
- Net assets
- $5.0B
Hosts funds for others
BANK OF AMERICA CHARITABLE GIFT FD administers funds on behalf of other donors. The grants recorded as coming in are contributions into those funds, so they count custody rather than support for a programBANK OF AMERICA CHARITABLE GIFT FD runs itself. This page therefore states the flows and does not draw the comparisons it would draw for an operating charity: concentration, funder retention, grant dependency and the peer field are all left out, because each of them would read a vehicle as if it were a program.
Paid out
$3.2B
Recipients
0
Contributions on record
$564M
Donors on record
230
Payments out run 5.8x the contributions on record, which says the incoming side is incomplete rather than that the vehicle is unusually busy: most donors to a fund like this are individuals, who file no return for us to read.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.2B to $5.1B (+22%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 4 reported years ran a deficit.
reserve
Who funds it, year by year
2017 → 2023: the base broadened from 30 funders to 66 funders, grant income rose $30M → $89M.
85 of 230 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 70% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BANK OF AMERICA CHARITABLE GIFT FD’s funders (the co-funder graph). Top 30 of 230 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
70% of BANK OF AMERICA CHARITABLE GIFT FD's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $172M that is directly attributable, 92% of it comes from funders outside Massachusetts, across 28 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $392M arriving through sponsors registered in 31 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
99% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 11 states
Screen this organization
A dated, signed PDF of the compliance screen for BANK OF AMERICA CHARITABLE GIFT FD: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BANK OF AMERICA CHARITABLE GIFT FD?
- BANK OF AMERICA CHARITABLE GIFT FD (Massachusetts) receives grants from 230 organizations whose IRS filings report $563,745,434 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($114,113,593). 89 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly. BANK OF AMERICA CHARITABLE GIFT FD administers funds for other donors, so those contributions arrive into funds it holds rather than supporting a program it runs itself.
- How many funders does BANK OF AMERICA CHARITABLE GIFT FD have?
- IRS filings report 230 organizations giving $563,745,434 in grants to BANK OF AMERICA CHARITABLE GIFT FD, 89 of which have funded it in more than one year.
- Who is the largest funder of BANK OF AMERICA CHARITABLE GIFT FD?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $114,113,593 in grants. The full list of funders is on this page.
- How can an organization like BANK OF AMERICA CHARITABLE GIFT FD find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), and the filings of 230 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing