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Nonprofiteer
← GIFT CLEARING TRUST

Form 990 for tax year 2022

Filed by GIFT CLEARING TRUST.

Totals

Total revenue
-$14,719,854
Total expenses
$49,915,138
Contributions and grants received
$30,268,061
Grants paid
$49,915,138
Program service revenue
$0
Investment income
-$44,987,915
Other revenue
$0
Total assets, end of year
$138,504,712
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$138,504,712
Program services expenses (Part IX)
$49,915,138
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$49,915,138

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $30,268,061

  • 1g · Noncash contributions included above

    $30,268,061

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,445,262 · unrelated business $111,990 · excluded $2,333,272

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $50,048,652 · other assets $855,344

  • 7b · Less cost or other basis and sales expenses

    securities $97,157,173 · other assets $1,180,000

  • 7c · Gain or loss

    securities -$47,108,521 · other assets -$324,656

  • 7d · Net gain or loss

    total -$47,433,177 · unrelated business -$1,194 · excluded -$47,431,983

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $49,915,138 · program services $49,915,138

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $6,760,257 · end of year $10,194,375

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $8,500,000 · end of year $8,500,000

  • 12 · Investments: other securities

    beginning of year $195,734,447 · end of year $119,810,337

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $210,994,704 · end of year $138,504,712

Mission and programs · 2022

Mission

THE TRUST ACCEPTS AND LIQUIDATES CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • GIFT CLEARING TRUST ACCEPTED AND LIQUIDATED CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE. GIFT CLEARING TRUST OPERATES FOR THE SOLE AND EXCLUSIVE BENEFIT OF AND TO PERFORM THE FUNCTION OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC., AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.

    Expenses $49,915,138 · Grants $49,915,138

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Ms Global Impact Fund

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GIFT CLEARING LLC

    RECEIVE COMPLEX ASSETS · DE · income -$14,719,855 · assets $138,504,711

    Directly controlled by GIFT CLEARING TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2024
IRS schema version
2022v5.0
Source object
202413189349304341

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