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← BNY MELLON CHARITABLE GIFT FUND

Form 990 for tax year 2023

Filed by BNY MELLON CHARITABLE GIFT FUND.

Totals

Total revenue
$171,318,573
Total expenses
$117,278,572
Contributions and grants received
$118,289,311
Grants paid
$114,346,740
Program service revenue
$0
Investment income
$51,797,689
Other revenue
$1,231,573
Total assets, end of year
$496,581,548
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$496,581,548
Program services expenses (Part IX)
$114,346,740
Management and general expenses
$2,931,832
Fundraising expenses
$0
Program service expenses (Part III)
$114,346,740

Program services were 97.5% 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

    $118,289,311

  • 1g · Noncash contributions included above

    $62,838,444

  • 3 · Investment income

    total $12,926,000 · excluded $12,926,000

  • 7a · Gross sales of assets other than inventory

    securities $369,043,605

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

    securities $330,171,916

  • 7c · Gain or loss

    securities $38,871,689

  • 7d · Net gain or loss

    total $38,871,689 · excluded $38,871,689

  • 11a · Other revenue: ADMIN FEES

    total $1,231,323 · related or exempt $1,231,323

  • 11b · Other revenue: DUE DILIGENCE

    total $250 · related or exempt $250

  • 11e · Other revenue, total

    $1,231,573

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $114,046,240 · program services $114,046,240

  • 3 · Grants to foreign organizations and individuals

    total $300,500 · program services $300,500

  • 11b · Fees: legal

    total $4,390 · management and general $4,390

  • 11c · Fees: accounting

    total $51,400 · management and general $51,400

  • 11f · Fees: investment management

    total $2,834,653 · management and general $2,834,653

  • 11g · Fees: other

    total $482 · management and general $482

  • 23 · Insurance

    total $8,763 · management and general $8,763

  • 24a · Other expenses: COMMISSION

    total $19,772 · management and general $19,772

  • 24b · Other expenses: REGISTRATION

    total $11,622 · management and general $11,622

  • 24c · Other expenses: DUE DILIGENCE EXPENSE

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $101,284,430 · end of year $73,628,742

  • 11 · Investments: publicly traded securities

    beginning of year $381,042,457 · end of year $422,952,806

  • 28 · Net assets with donor restrictions

    beginning of year $482,326,887 · end of year $496,581,548

Mission and programs · 2023

Mission

BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING SUCH CONTRIBUTIONS FOR INVESTMENT MANAGEMENT AND ADMINISTRATIVE PURPOSES, AND BY MAKING GIFTS TO ORGANIZATIONS WHICH ARE DEDICATED TO CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.

Activities or mission (Part I)

BNY MELLON CHARITABLE GIFT FUND PROMOTES PHILANTHROPY BY MAKING GIFTS TO QUALIFIED CHARITIES.

  • BNY MELLON CHARITABLE GIFT FUND IS A 501(C)(3) WHICH PROMOTES PHILANTHROPY BY RECEIVING CHARITABLE CONTRIBUTIONS, BY PROVIDING SUPPORT TO ENCOURAGE THE MAKING OF CHARITABLE CONTRIBUTIONS, POOLING SUCH CONTRIBUTIONS FOR INVESTMENT MANAGEMENT AND ADMINISTRATIVE PURPOSES, AND BY MAKING GIFTS TO ORGANIZATIONS WHICH ARE DEDICATED TO CHARITABLE, SCIENTIFIC, LITERARY AND EDUCATIONAL PURPOSES.

    Expenses $114,346,740 · Grants $114,346,740 · Revenue $1,231,573

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Crystal Thompkins

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cynthia Danes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Rio

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Dello Russo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Kate Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Komal Misra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lauren Messmore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pamela Scott

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Elcock

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Carlos Byrne

    ASST SECRETARY&ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Christian Tinory

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Daniel Coughlin

    OUTGOING ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Sharon Scaramozza

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • William Morgan

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2024
IRS schema version
2023v5.1
Source object
202421799349300202

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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