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Boston Charitable Trust Fund FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Foundations & GrantmakersEIN 04-6528581Revenue $31.3M in FY2020

On file with the IRSBoston City Hall Suite M-5, 02201-0001 · Boston, MATax-exempt since Nov 1985Publicly supported charity — 170(b)(1)(A)(vi)

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To Fund other Charitable organizations which engage in Charitable scientific, literary, or educational purposes.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $29K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31.3M
Spent
$20.5M
To programs
100%
Net assets
$10.9M
By yearFY2020–FY2025
Revenue
$31.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$31.3M
FY2021$4.5M
FY2022$53K
FY2023$33K
FY2024$39K
FY2025$23K
Expenses
$20.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$20.5M
FY2021$14.7M
FY2022$498K
FY2023$5K
FY2024$1K
FY2025$142K
Net assets
$10.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10.9M
FY2021$715K
FY2022$270K
FY2023$298K
FY2024$336K
FY2025$217K

From the FY2020 Form 990 (year ending June 2020) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $20.5M Management & general 0% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Emme Handy
Former Collector/Treasurer
$0Pt VII · Sec A
Richard Depiano
Second Assistant Collector
$0Pt VII · Sec A
Drew Smith
Senior Deputy Treasurer
$0Pt VII · Sec A
See Boston Charitable Trust Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds charitable scientific, literary, or educational projects.

Questions for Boston Charitable Trust Fund

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Provided by the organization

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1 program · $20.5M · in their own filed words · FY2019
01

The principal and income from all property received and accepted by the trust shall be distributed to or for the use of other charitable organizations.

$20.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Klarman Family FoundationFY2023$20K
Total grants receivedfrom 1 funder$20K
Grants paid · 413 grants · $32.3M · 2019–2024
Action for Boston Community Development INCMA · FY2024$141,161
Harvard Street Neighborhood Health CenterFY2021$60,000
Boston After School & Beyond INCMA · FY2020$1,000,000
Boston Area Domestic Violence Partnership (fiscal Sponsor Casa Myrna)FY2020$871,860
Boston Public SchoolsFY2020$620,000
Southwest Boston Senior Services DBA EthosFY2020$500,439
Project BreadFY2020$370,500
Black Boston Covid-19 CoalitionFY2020$328,984
Massachusetts Immigrant Collaborative (mic) Emergency Relief FundFY2020$326,600
Fair Foods INCFY2020$306,900
Greater Boston Latino NetworkFY2020$275,000
Individual RecipientFY2020$250,250
The Greater Boston Food Bank INCMA · FY2020$250,000
Project Restore USMA · FY2020$200,000
Familyaid Boston INCMA · FY2020$189,204
Black Boston Covid-19 Coalition (bbcc)FY2020$184,575
Breaktime Cafe INCFY2020$156,150
NoahFY2020$145,347
See all 413 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$31.3M
Ln 12
Gifts and grantsLn 1h$31.3M
Investment incomeLn 3$12K
Money outPt IX
$20.5M
Ln 25
Programscol B$20.5M
Managementcol C$7K
Owns and owesPt X
$10.9M
net assets · Ln 32
Cash and savingsLn 1–2$13.0M
Total assetsLn 16$13.2M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31.3M
Investment incomeLn 3$12K
Total revenueLn 12$31.3M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$10.7M
Cash and savings togetherLn 1–2$13.0M
InvestmentsLn 11–13$9K
Other assetsLn 15$54
Total assetsLn 16$13.2M
LiabilitiesLn 26$2.3M
Net assetsLn 32$10.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$13.0M
InvestmentsLn 11–13$495K$9K
Total assetsLn 16$496K$13.2M
LiabilitiesLn 26$452K$2.3M
Net assetsLn 32$43K$10.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20.5M$20.5M
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$300$300
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$20.5M$20.5M$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $23K$142K−$119K$217K 990 PDF
FY2024 $39K$1K$38K$336K 990 PDF
FY2023 $33K$5K$28K$298K 990 PDF
FY2022 $53K$498K−$445K$270K 990 PDF
FY2021 $4.5M$14.7M−$10.2M$715K 990 PDF
FY2020 Viewing $31.3M$20.5M$10.8M$10.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $31,296,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,936$31,284,596
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13,184$11,836
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $16,120$31,296,432
I-13 Grants and similar amounts paidPrior year $0$20,461,021
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,013$7,280
I-18 Total expensesPrior year $7,013$20,468,301
I-19 Revenue less expensesPrior year $9,107$10,828,131
Part VI · Governance 0 of 1 board members independent, 1 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $31,296,432 across 4 lines filed
VIII-1f All other contributions, gifts and grants$31,284,596
VIII-1h Total contributions, gifts and grants$31,284,596
VIII-3 Investment incomeExcluded from tax $11,836$11,836
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,836$31,296,432
Part IX · Statement of functional expenses $20,468,301 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $20,461,021$20,461,021
IX-11c Accounting feesManagement $5,625$5,625
IX-11f Investment management feesManagement $300$300
IX-24 Other expenses (24a–d)Management $1,355$1,355
IX-25 Total functional expensesPrograms $20,461,021 · Management $7,280 · Fundraising $0$20,468,301
Part X · Balance sheet $13,199,861 assets, 13 lines filed
X-1 Cash, non-interest-bearing$2,266,470
X-2 Savings and temporary cash investments$10,732,257
X-4 Accounts receivable$192,241
X-12 Other securitiesStart of year $494,604$8,839
X-15 Other assetsStart of year $1,026$54
X-16 Total assetsStart of year $495,630$13,199,861
X-17 Accounts payable and accrued expensesStart of year $6,101$5,888
X-18 Grants payable$1,875,827
X-25 Other liabilitiesStart of year $446,032$446,518
X-26 Total liabilitiesStart of year $452,133$2,328,233
X-27 Net assets without donor restrictionsStart of year $43,497$10,871,628
X-32 Total net assets or fund balancesStart of year $43,497$10,871,628
X-33 Total liabilities and net assetsStart of year $495,630$13,199,861
Part XI · Reconciliation of net assets $10,871,628 net assets at year end
XI-1 Total revenue$31,296,432
XI-2 Total expenses$20,468,301
XI-3 Revenue less expenses$10,828,131
XI-4 Net assets at start of year$43,497
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,871,628

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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