Distributes funds to charities (bard college and assn of episcopal colleges) as described in the Trust document

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
6 of 6
filings with a surplus
Average surplus $439K a year · 61% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Plus $8.7M in investments, Pt X · Ln 11–13
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$639K
+57% vs prior year
Spent
$313K
To programs
86%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$639K
FY2023▲ +57%
Tap a bar for its year
Revenue by fiscal year
FY2020$678K
FY2021$874K
FY2022$408K
FY2023$639K
FY2024$777K
FY2025$950K
Expenses
$313K
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$236K
FY2021$247K
FY2022$253K
FY2023$313K
FY2024$314K
FY2025$328K
Net assets
$9.1M
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.0M
FY2021$8.6M
FY2022$8.8M
FY2023$9.1M
FY2024$9.6M
FY2025$10.2M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 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 Jun 2012.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $270K Management & general 14% · $43K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A

Deutsche Bank Trust Company NA’s $108K as Trustee is at the 87th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2022FY2021FY2020
Deutsche Bank Trust Company NA$107,861$111,876$97,201$99,560$88,721

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Bertie K Kellogg Trust 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

Distributes funds to charities as described in the trust document.

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Provided by the organization

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2 programs · in their own filed words · FY2023
01

Association of episcopal college

Pt IX · col B
02

Bard college

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $1.1M · 2020–2025
Bard CollegeNY · FY2025$191,881
Bard CollegeNY · FY2024$176,902
Bard CollegeNY · FY2023$191,277
Bard CollegeNY · FY2022$136,563
Bard CollegeNY · FY2021$121,626
Bard CollegeNY · FY2020$128,347

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$639K
Ln 12
Investment incomeLn 3$646K
Money outPt IX
$313K
Ln 25
Programscol B$270K
Managementcol C$43K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$426K
Total assetsLn 16$9.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$646K
Gains on assetsLn 7$389K
Total revenueLn 12$639K
Assets in detailPt X, end of year
SavingsLn 2$426K
Cash and savings togetherLn 1–2$426K
InvestmentsLn 11–13$8.7M
Total assetsLn 16$9.1M
LiabilitiesLn 26$0
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$426K
InvestmentsLn 11–13$8.4M$8.7M
Total assetsLn 16$8.8M$9.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$8.8M$9.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$212K$212K
Pay of current officers, directors and key staffLn 5$95K$57K$38K
Accounting feesLn 11c$2K$2K
All other expensesLn 24e$3K$26$3K
Total functional expensesLn 25$313K$270K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $950K$328K$621K$10.2M 990 PDF
FY2024 $777K$314K$464K$9.6M 990 PDF
FY2023 Viewing $639K$313K$327K$9.1M 990 PDF
FY2022 $408K$253K$155K$8.8M 990 PDF
FY2021 $874K$247K$628K$8.6M 990 PDF
FY2020 $678K$236K$442K$8.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $639,471 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $396,991$645,659
I-11 Other revenuePrior year $11,333−$6,188
I-12 Total revenuePrior year $408,324$639,471
I-13 Grants and similar amounts paidPrior year $151,737$212,480
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $97,200$95,047
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,080$5,421
I-18 Total expensesPrior year $253,017$312,948
I-19 Revenue less expensesPrior year $155,307$326,523
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $639,471 across 3 lines filed
Lines not itemized here account for −$6,188 of total revenue; see the IRS return.
VIII-3 Investment incomeExcluded from tax $256,956$256,956
VIII-7 Net gain or loss on sales of assetsExcluded from tax $388,703$388,703
VIII-12 Total revenueExcluded from tax $639,471$639,471
Part IX · Statement of functional expenses $312,948 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $212,480$212,480
IX-5 Pay of current officers, directors and key staffPrograms $57,028 · Management $38,019$95,047
IX-11c Accounting feesManagement $2,392$2,392
IX-24e All other expensesPrograms $26 · Management $3,003$3,029
IX-25 Total functional expensesPrograms $269,534 · Management $43,414 · Fundraising $0$312,948
Part X · Balance sheet $9,136,310 assets, 6 lines filed
X-2 Savings and temporary cash investments$425,738
X-13 Program-related investmentsStart of year $8,440,675$8,710,572
X-16 Total assetsStart of year $8,796,251$9,136,310
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $8,796,251$9,136,310
X-33 Total liabilities and net assetsStart of year $8,796,251$9,136,310
Part XI · Reconciliation of net assets $9,136,310 net assets at year end
XI-1 Total revenue$639,471
XI-2 Total expenses$312,948
XI-3 Revenue less expenses$326,523
XI-4 Net assets at start of year$8,796,251
XI-9 Other changes in net assets$13,536
XI-10 Net assets at end of year$9,136,310

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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