Form 990 2015
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46 9 Return of Organization Exempt From Income Tax OMB No 1545-0047 Form 990 Under section 501(c), 527, or 4947( a)(1) of the Internal Revenue Code ( except private foundations) 2015 Do not enter social security numbers on this form as it may be made public. nepa_'tr"e"t of the T,eaS u- ► Open to PPublic Intern a l Revenue Service . ► Information about Form 990 and its instructions is at www irs.gov/form990. A For the 2015 calendar year, or tax year beginning and ending -B-cnedFn- C-Name of organization D Employer identification number applicable THE US CHARITABLE GIFT TRUST C/O Ocha^ WILMINGTON TRUST , NATIONAL ASSOCIATION x-lcnange Doing business as 31-1663020 Initial Number and street (or P.O. box if mail is not delivered to street address) Room/s uite E Telephone number nal E::IFreturn/ 1100 NORTH MARKET STREET, 2ND FLOOR 800-664-6901 termin- ated City or town , state or province , country, and ZIP or foreign postal code G Gross receipts $ 244 678,524. aanended return WILMINGTON , DE 19890 H(a) Is this a group return tonAPPI"a F Name and address of principal officer JEFFREY P. BEALE for subordinates? D Yes L1 No pending 2 INTERNATIONAL PLACE , BOSTON , MA 02110 H(b) Are all subordinates included = Yes =No I Tax-exempt status x 501(c)(3) 501(c) ( ) 4 (insert no.) L_J 4947(a 1) or 527 If "No," attach a list (see instructions) WWW.USCHARITABLEGIFTTRUST.ORG J Website : ► K Form of organization : L_J Corporation Lx Trust Association L_J Other " Year of formation: 1999 I M State of legal domicile: DE 1 Briefly describe the organization 's mission or most significant activities : PROVIDE GIFTS TO VARIOUS PUBLIC CHARITIES FOR ITS STATED EXEMPT PURPOSE. lC 2 Check this box ► if the organization discontinued its operations or disposed of more than 25% of its net assets 0 3 Number of voting members of the governing body (Part VI , line 1a) - - - - - 3 5 aou 4 Number of independent voting members of the governing body (Part VI , line 1 b) - 4 4 5 Total number of individuals employed in calendar year 2015 (Part V, line 2a) - - 5 0 6 Total number of volunteers (estimate if necessary) ^.- 6 0 7 a Total unrelated business revenue from Part VIII , column (C), line 12 R . ^^7a 0. b Net unrelated business taxable income from Form 990-T, line 34.. - i 7b 0. I (CPrior Year Current Year 8 Contributions and grants (Part VIII , line 1h) « I.. -MAY 1 ?PUI H" 97 , 850 , 934 . 93 , 911 , 03 2. N 9 Program service revenue (Part VIII, line 2g) ^. ---- -_ _, - r 0. 0. Q_D 10 Investment Income (Part VIII, column (A), lines 3 , 4, and 7d) a f - ( 12 ,152 354. 17,112,219. r-=-i 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11 e) 0. 0. 12 Total revenue - add lines 8 through 11 must eq ual Part Vill, column (A) , line 12 110 , 003,288. 111, 023, 251. 13 Grants and similar amounts paid (Part IX, column (A), lines 1 -3) - - 60, 393, 833. 63, 540, 357. 14 Benefits paid to or for members (Part IX, column (A), line 4) 0. 0. w 15 Salaries , other compensation , employee benefits (Part IX, column (A), lines 5-10) 0. 0. 16a Professional fundraising fees (Part IX, column (A), line 11e) -3 , 610 , 083. 3 679 896. b Total fundraising expenses (Part IX, column (D), line 25) 3 , 67 9 , 8 96 , W 17 Other expenses (Part IX, column (A), lines 11a-11d, llf-24e) - - 3, 739, 326. 3 973, 756. 18 Total expenses Add lines 13.17 (must equal Part IX, column (A), line 25) 7 , 743, 242. 71 , 194, 009. 19 Revenue less ex enses Subtract line 18 from line 12 2 260 , 046. 39 829, 242. Current Year End of Year 20 Total assets (Part X, line 16) 8, 063, 847. 528 , 076, 671. 21 Total liabilities (Part X , line 26) 4, 075 , 510. 92 , 979, 458. 22 Net assets or fund balances Subtract Ilne 21 from Ilne 20 . 3,988 , 337. 435,097,213. litx81't iI signature t3 1O CK Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge. Sign Signature of officer Date Here JEFFREY P. BEALE, PRESIDENT Type or print name and title Print/Type preparer's name Pr S Sig Paid LIUS GREEN, CPA Preparer Firm's name BAKER TILLY VIRCHOW KRAUSE P Use Only Firm's address o. 1220 NORTH MARKET ST., SU E 1001 WILMINGTON, DE 19801 532001 12- 16-15 LHA For Paperwork Reduction Act Notice, see the THE US CHA•LE GIFT TRUST C/O Form 990 (2015) WILMINGTON TRUST NATIONAL ASSOCIATION 31-1663020 Pa g e 2 Part III Statement of Program Service Accomplishments Check If Schedule 0 contains a response or note to any line in this Part III 0 1 Briefly describe the organization's mission TO PROVIDE GIFTS TO VARIOUS PUBLIC CHARITIES FOR ITS STATED EXEMPT PURPOSE. THE GOAL IS TO GIFT A MINIMUM OF 5% OF THE TRUST NET ASSETS PER YEAR. DONORS TO THE TRUST CAN RECOMMEND A PUBLIC CHARITY BUT BOARD OF DIRECTORS HAVE FINAL APPROVAL. 2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ" Yes No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting , or make significant changes in how it conducts , any program services? =Yes ®No If "Yes," describe these changes on Schedule O. 4 Describe the organization ' s program service accomplishments for each of its three largest program services, as measured by expenses Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue . If any , for each oroaram service reported 4a (Code ) (Expenses $ 63 540 357. including grants of $ 63 540 - 357. ) (Revenue $ 0. THE U.S. CHARITABLE GIFT TRUST (THE "TRUST") IS A TAX-EXEMPT PUBLIC CHARITY WHICH RECEIVES DONATIONS FROM INDIVIDUALS CORPORATIONS AND OTHERS AS WELL AS FROM ITS DONOR ADVISED FUNDS AND MAKES GRANTS TO NUMEROUS CHARITABLE ORGANIZATIONS THROUGHOUT THE UNITED STATES, INCLUDING CHARITIES SELECTED BY THE TRUST AND THOSE RECOMMENDED BY DONORS AND OTHERS AUTHORIZED BY THE DONORS TO MAKE GRANT RECOMMENDATIONS. THE TRUST WAS ESTABLISHED TO PROVIDE DONORS THE FLEXIBILITY TO HAVE CHARITABLE DONATIONS MADE WHEN CONVENIENT FOR THE DONORS WHILE SPREADING THE GRANTS TO SPECIFIC CHARITIES OVER A PERIOD OF TIME ALL WITHOUT INCURRING THE COSTS AND ADMINISTRATIVE BURDENS ASSOCIATED WITH THE CREATION AND OPERATION OF SEPARATE CHARITABLE FOUNDATIONS- 4b (Code ) (Expenses $ including grants of $ (Revenue $ 4c (Code ) (Expenses $ including grants of $ (Revenue $ 4d Other program services (Describe in Schedule 0) (Expenses $ including grants of $ ) (Revenue $ 4e Total oroaram service expenses ► 63 540 357. Form 990 (2015) 532002 12-16-15 2 11n0ncno 1']C')'71`1 ACGGO ')n'I n'Innn mTlt' TIC (TJTDTm7,DT L- ((TWrn mDTTC1 flGCCO1 THE US CHA• LE GIFT TRUST C/O Form 990 (2015) WILMINGTON TRUST NATIONAL ASSOCIATION 31-1663020 Pag e 3 Part IV Checklist of Required Schedules Yes No 1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes, " complete Schedule A _ 1 x 2 Is the organization required to complete Schedule B, Schedule of Contributors`? 2 x 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes, " complete Schedule C, Part 1 3 x 4 Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If 'Yes, ' complete Schedule C, Part l/ 4 X 5 Is the organization a section 501 (c)(4), 501 (c)(5), or 501 (c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes, " complete Schedule C, Part 111 5 X 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part 1 6 x 7 Did the organization receive or hold a conservation easement , including easements to preserve open space, the environment , historic land areas , or historic structures? If "Yes," complete Schedule D, Part 11 7 X 8 Did the organization maintain collections of works of art , historical treasures , or other similar assets? If " Yes, " complete Schedule D, Part 111 8 x 9 Did the organization report an amount in Part X, line 21 , for escrow or custodial account liability , serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management , credit repair, or debt negotiation services? If "Yes, " complete Schedule D, Part IV 9 x 10 Did the organization , directly or through a related organization , hold assets in temporarily restricted endowments, permanent endowments , or quasi- endowments ? If "Yes, " complete Schedule D, Part V 10 x 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.