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← AMG CHARITABLE GIFT FOUNDATION

Form 990 for tax year 2023

Filed by AMG CHARITABLE GIFT FOUNDATION.

Totals

Total revenue
$15,046,536
Total expenses
$14,167,005
Contributions and grants received
$11,650,659
Grants paid
$13,445,798
Program service revenue
$0
Investment income
$3,390,557
Other revenue
$5,320
Total assets, end of year
$129,534,512
Total liabilities, end of year
$380,000
Net assets or fund balances, end of year
$129,154,512
Program services expenses (Part IX)
$14,167,005
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,167,005

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

    $11,650,659

  • 1g · Noncash contributions included above

    $9,581,501

  • 3 · Investment income

    total $3,254,034 · excluded $3,254,034

  • 7a · Gross sales of assets other than inventory

    securities $24,079,588

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

    securities $23,943,065

  • 7c · Gain or loss

    securities $136,523

  • 7d · Net gain or loss

    total $136,523 · excluded $136,523

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $5,320 · excluded $5,320

  • 11e · Other revenue, total

    $5,320

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,445,798 · program services $13,445,798

  • 24a · Other expenses: OPERATING EXPENSES

    total $721,207 · program services $721,207

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $9,182 · end of year $28,073

  • 12 · Investments: other securities

    beginning of year $118,355,880 · end of year $129,506,439

  • 17 · Accounts payable and accrued expenses

    end of year $145,000

  • 18 · Grants payable

    beginning of year $435,000 · end of year $235,000

  • 27 · Net assets without donor restrictions

    beginning of year $117,930,062 · end of year $129,154,512

Mission and programs · 2023

Mission

THE FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY TO RECEIVE CONTRIBUTIONS AND TO MAKE CHARITABLE DISTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS.

Activities or mission (Part I)

CHARITABLE PURPOSE WITHIN THE MEANING OF SECTION 501(C)(3)

  • FIDELITY CHARITABLE GIVING - PUBLIC ASSISTANCE EIN: 11-0303001

    Expenses $2,368,415 · Grants $2,368,415

  • MT. BETHEL CHURCH - RELIGIOUS EIN: 88-2676561

    Expenses $1,150,000 · Grants $1,150,000

  • UNIVERSITY OF COLORADO FOUNDATION [DENVER] - EDUCATION EIN: 84-6049811

    Expenses $900,000 · Grants $900,000

  • Expenses $9,748,590 · Grants $9,027,383

As filed on the 2023 return.

Listed in Part VII

  • Earl L Wright

    PRESIDENT

    Total calculated
    $264,902
    From this org
    $0
    From related orgs
    $233,402
    Other
    $31,500
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $229,402 related
    Bonus
    $0
    Other
    $0 + $4,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,500 related
    Filer's total
    $0 + $264,902 related

  • Michael D Bergmann

    VP/SECRETARY

    Total calculated
    $384,252
    From this org
    $0
    From related orgs
    $344,206
    Other
    $40,046
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $340,206 related
    Bonus
    $0
    Other
    $0 + $4,000 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $40,046 related
    Filer's total
    $0 + $384,252 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AMG NATIONAL TRUST BANK

    C · INVESTMENT MANAGEMENT, TRUST & BANKING ACTIVITIES · CO

    Directly controlled by AMG NATIONAL CORP

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349309788

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