2023-05-15T16:01:59-07:00 2022-12-31 352111971 RENAISSANCE ADMINISTRATION LLC 8910 Purdue Rd Suite 500 Indianapolis IN 46268 990 2022-01-01 311663020 The US Charitable Gift Trust co Eaton Vance Trust Company USCH 8008362414 Two International Place Boston MA 02110 Stephen W Clarke President 2023-05-15 true Stephen W Clarke 999009999 true Joseph R Gianforte P00757003 8008430050 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Stephen W Clarke 481568098 false X www.uscharitablegifttrust.org X 1999 MA The mission of The U.S. Charitable Gift Trust (the "Trust") is to increase charitable giving through a cost-effective and tax-advantaged investment program that helps donors achieve their philanthropic goals. Eaton Vance Management manages the Trust under the supervision of the Trust's Board of Directors and, along with Eaton Vance Trust Company ("EVTC") and Calvert Research and Management as well as CI Eaton Private Wealth, provides investment advisory services to the Trust. On an ongoing basis, EVTC, as the Trust's trustee, hires and oversees certain service providers to the Trust. 6 5 0 0 386859367 214583283 0 37614749 21832596 0 424474116 236415879 164062296 191476741 0 190000 252916 5783798 5909444 5909444 5439898 5918590 175475992 203557691 248998124 32858188 1329314188 1258791921 135330256 213905358 1193983932 1044886563 The mission of The U.S. Charitable Gift Trust (the "Trust") is to increase charitable giving through a cost-effective and tax-advantaged investment program that helps donors achieve their philanthropic goals. Eaton Vance Management manages the Trust under the supervision of the Trust's Board of Directors and, along with Eaton Vance Trust Company ("EVTC") and Calvert Research and Management as well as CI Eaton Private Wealth, provides investment advisory services to the Trust. On an ongoing basis, EVTC, as the Trust's trustee, hires and oversees certain service providers to the Trust. false false 191476741 191476741 The U.S. Charitable Gift Trust (Trust) is a tax-exempt public charity offering donor-advised funds and pooled income funds. As described herein, the Trust makes grants to numerous charitable organizations throughout the United States, including charitable organizations selected by persons transferring acceptable property to the Trust (Donors) and others authorized by Donors to select qualified charitable organizations for grants.The Trust was established to provide support to a broad range of charitable organizations over time, without incurring the costs and administrative burdens associated with the creation and operation of separate charitable foundations, while at the same time allowing Donors to determine when and how to make their charitable gifts. All grants are subject to the Trusts determination that the grant recipient is a qualified charitable organization and that the grant otherwise meets applicable legal requirements. 191476741 true false false false false true false false false false false true false false true true true false false false false false false true false false false true false false false false false false false false false true true false false false false true false false false true 7 0 true 0 false false false false false false false 0 false false false false false false false false false false X 6 5 true true false false false false false true true false false true true true true true true true true false AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY X Renaissance Administration LLC 8008430050 8910 Purdue Road Suite 500 Indianapolis IN 46268 Jeffrey P Beale Lead Director 4.00 0.00 X 60000 0 0 John Griffin Director 3.00 0.00 X 48333 0 0 Michelle A Shell Director 3.50 0.00 X 45000 0 0 Katharine B Leness Director 3.50 0.00 X 43333 0 0 Kathleen L Ames Director 2.50 0.00 X 37500 0 0 E Michael Brown 11 to 54 Lead Director 4.00 0.00 X 18750 0 0 Lawrence L Fahey President/Direc 5.00 0.00 X X 0 0 0 James Kirchner Treasurer 2.00 0.00 X 0 0 0 Michael P Shattuck Asst Treasurer 5.00 0.00 X 0 0 0 Stephanie Rosander Secretary 5.00 0.00 X 0 0 0 Desmond Gallacher Vice President 1.00 0.00 X 0 0 0 Michelle Rousseau 11 to 126 Asst Secretary 1.00 0.00 X 0 0 0 A John Murphy Vice President 1.00 0.00 X 0 0 0 Meghan Moses Vice President 4.00 0.00 X 0 0 0 252916 0 false false false Eaton Vance Distributors Inc Two International Place Boston MA 02110 Fundraising 5909444 Renaissance Administration LLC 8910 Purdue Road Suite 500 Indianapolis IN 46268 Donor Serv/ Fd Acct/ Tax 3677655 Eaton Vance Management Two International Place Boston MA 02110 Asset management 984127 Deloitte & Touche LLP 200 Berkeley Street Boston MA 02116 Audit 127720 Eaton Vance Trust Company Two International Place Boston MA 02110 Asset mgt / trustee fee 856298 5 214583283 119351783 214583283 0 16949043 16949043 0 0 0 250035772 245152219 4883553 4883553 4883553 0 0 0 0 236415879 21832596 191476741 191476741 0 0 0 252916 252916 0 0 0 0 0 0 0 3677655 3677655 0 5909444 5909444 1791224 1791224 131738 131738 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous expenses 317973 317973 0 203557691 191476741 6171506 5909444 39147282 29796618 1369516 1178227 10282020 9484200 18614852 14852562 0 0 0 0 0 0 19081517 10452122 1238229866 1188678130 0 0 2589135 4350062 1329314188 1258791921 12315796 17079363 1138152 1793843 119774080 191307359 2102228 3724793 135330256 213905358 X 1025123340 909687770 168860592 135198793 1193983932 1044886563 1329314188 1258791921 X 32858188 -172243297 -9712260 X X false true X true false X 180913878 195878614 222287312 386859367 214583283 1200522454 0 0 180913878 195878614 222287312 386859367 214583283 1200522454 203530 1200318924 7227618 8377536 8554902 10948183 16949043 52057282 0 0 1252579736 0.95830 0.95990 X 9344 1728 198209054 16374229 191476741 885067379 303610751 true true 1188678130 Distributions Payable 3724793 3724793 X 54460322 -172243297 -9712260 -181955557 236415879 236415879 203557691 203557691 203557691 Part X : FIN48 Footnote The Trust is recognized by the IRS as a nonprofit organization as described in IRC Sections 501(c)(3), 509(a)(1), and 170(b)(1)(A)(vi). Donor Advised Funds are exempt from taxation under IRC Section 501(a). Pooled Income Funds are subject to tax on undistributed net income and alternative minimum tax preference items. U.S. GAAP requires the evaluation of tax positions taken or expected to be taken to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. The Trust recorded no federal income tax for the years ended December 31, 2022 and December 31, 2021. For the years ended December 31, 2022 and December 31, 2021, the Trust had no uncertain tax positions that would require financial statement recognition, de-recognition, or disclosure. Each of the Trust's federal tax returns filed in the 3-year period ended December 31, 2022 remains subject to examination by the IRS. X X X X true Eaton Vance Distributors Two International Place Boston MA 02110 Contribution solicitation false 214583283 5909444 208673839 214583283 5909444 208673839 AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VA VT WA WV WI WY Part I, Line 2b - Fundraiser Additional Information Schedule G, Part I, Line 2b, Column (iii):The control and custody of assets obtained through fundraising resides with Eaton Vance Trust Company, the Trustee of the U.S. Charitable Gift Trust. true See attached Grant Report See attached Grant Report See attached MA 02110 501(c)(3) 172483014 0 N/A N/A Varies by DAF; detail avail on requ 6247 0 Grantmaker's Description of How Grants are Used The Trust verifies that all organizations meet 501(c)(3) requirements and are not 509(a)(3) Type III nonfunctionally integrated supporting organizations. If the organization is a Type I, Type II, or Type III functionally integrated supporting organization, additional information is provided to the Trust to verify control of the granted funds. In addition, a letter is sent to the organization that states that the funds can be used "exclusively for charitable purposes and cannot be used or applied to a pre-existing pledge or provide a private benefit (such as school tuition or scholarships sent directly to individuals, dues, membership fees, benefit tickets or goods bought at charitable auctions). We consider the deposit of a check by the charity as confirmation that the grant will not be used for improper purposes."Finally, the checks themselves use the following verbiage to ensure proper use: "By endorsing this check your organization certifies to the U.S. Charitable Gift Trust that (I) Your organization is tax exempt as outlined by section 501(c)(3) and section 509(a) of the Internal Revenue Code of 1986 as amended; (II) These funds will be used exclusively for exempt purposes; (III) No private benefit, goods or services were received by any individuals or entities connected with the mentioned donor advised fund with the Trust; (IV) This gift does not satisfy a pledge or other personal financial obligation on behalf of any individuals or entities connected with the mentioned donor advised fund with the U.S. Charitable Gift Trust; (V) This gift will not be used for political activity or lobbying purposes; (VI) This organization is not a Type III nonfunctionally integrated supporting organization or supporting organization controlled by an individual connected with the mentioned donor advised fund with the U.S. Charitable Gift Trust." Eaton Vance Management See Part V below 984127 See Part V below false Eaton Vance Distributors See Part V below 5909444 See Part V below false Eaton Vance Trust Company See Part V below 856298 See Part V below false Schedule L, Part V Supplemental Information Schedule L, Part IV, Business Transactions Involving Interested Persons:Eaton Vance Management:(B) Officers provide certain investment-related and administrative support.(D) The following officers/directors served as employees of Eaton Vance Management, which provides certain investment-related and administrative support for the Trust: Lawrence L. Fahey James Kirchner Michael P. Shattuck Stephanie Rosander Michelle Rousseau (Officer from Jan. 1 through Dec. 6, 2022) A. John Murphy Desmond GallacherAs of 1/1/2022, Eaton Vance Management employees are now employees of a Morgan Stanley entity - 474 MS Services Group, Inc.Eaton Vance Distributors, Inc.(B) Officers assist with fundraising efforts.(D) The following officers participate in fundraising services: Meghan MosesEaton Vance Trust Company (EVTC):(B) Officers provide trustee services for the Trust and investment-related services for the U.S. LITs.(D) The following officers/directors serve as directors and/or officers of Eaton Vance Trust Company, which provides trustee services for the Trust and investment-related services for the U.S. LITs. Lawrence L. Fahey - Director and officer of EVTC Desmond Gallacher - Director and officer of EVTC James Kirchner - Director and officer of EVTC Michael P. Shattuck - Director and officer of EVTC Stephanie Rosander - Officer of EVTC A. John Murphy - Officer of EVTC Michelle Rousseau - Officer of EVTC from Jan. 1 through Dec. 6, 2022 X 4725 119351783 FMV false true true Part I, Line 32, Hire and Use of Third Parties The Trust uses third party brokers to sell non-cash contributions (gifted securities). Form 990, Part VI, Section A, Line 2 The following officers/directors serve as employees of Eaton Vance Management or Eaton Vance Distributors, Inc. which provide investment-related, administrative support, and fundraising services for the Trust:Lawrence Fahey - President & DirectorJames Kirchner - TreasurerMichael Shattuck - Assistant TreasurerStephanie Rosander - SecretaryMichelle Rousseau - Assistant Secretary (Officer through Dec. 6, 2022)A. John Murphy - Vice PresidentMeghan Moses - Vice President and Chief Philanthropy OfficerDesmond Gallacher - Vice PresidentAs of 1/1/2022, Eaton Vance Management employees are now employees of a Morgan Stanley entity - 474 MS Services Group.As of 2/9/2023, Stephen Clarke became President, Director, and Chief Philanthropy Officer, replacing Lawrence Fahey as President and Director. As of the same date, Lawrence Fahey became the Chief Administrative Officer and Vice President; Meghan Moses was removed as Vice President and Chief Philanthropy Officer; and Michael Askew became Assistant Secretary. Form 990, Part VI, Section A, Line 3 Eaton Vance Trust Company provides trustee services to the Trust. Renaissance Administration LLC provides donor servicing, fund accounting, and tax services to the Trust. Form 990, Part VI, Section B, Line 11b Form 990 was prepared by Renaissance Administration LLC who provides accounting and record keeping services. Copies of Form 990 were reviewed by the audit committee and provided to the entire Board of Directors for review prior to filing. Form 990, Part VI, Section B, Line 12c The Trust has a conflict of interest policy in place to ensure the Trust operates in a manner consistent with charitable purposes and does not engage in activities that could jeapordize its tax-exempt status. Periodic reviews are conducted.Each director, officer, and member of a committee with Board-delegated powers annually signs a statement that discloses any financial interest such person may have and affirms that such person:A. Receives a copy of the conflict of interest policy;B. Has read and understands the policy;C. Agrees to comply with the policy, andD. Understands that the Trust is a charitable organization and in order to maintain its federal tax exemption, must engage in activities that accomplish one or more of its tax-exempt purposes.If a conflict of interest is found to exist, then the following procedures shall be followed:A. An interested person may make a presentation at the Board or adhoc committee meeting, but, after such presentation, he or she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement with respect to the conflict of interest. The body that considers the proposed transaction or arrangement shall be composed entirely of individuals without a conflict of interest with respect to the proposed transaction or arrangement.B. The lead director of the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.C. After exercising due diligence, the Board or committee shall determine whether the Trust can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest.D. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Trust's best interest, for its own benefit, and whether it is fair and reasonable. The Board or committee's deliberations should include an analysis of comparable transactions or arrangements. In conformity with the above determination, it shall make its decision whether to enter into the transaction or arrangement. Form 990, Part VI, Section B, Line 15a All officers of the Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Trust.As of 1/1/2022, Eaton Vance Management employees are now employees of a Morgan Stanley entity - 474 MS Services Group, Inc. Form 990, Part VI, Section B, Line 15b All officers of the Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Trust.As of 1/1/2022, Eaton Vance Management employees are now employees of a Morgan Stanley entity - 474 MS Services Group, Inc. Form 990, Part VI, Section C, Line 19 Governing documents and financial statements are available upon request. Form 990, Part XI, Line 9 Change in value of split-interest agreements = $6554170 Form 990, Part XI, Line 9 Distributions to income beneficiaries = -$16266430 Form 990, Part XII, Line 2c The process for oversight of the audited financial statement has not changed from the prior year. Statement Note 1 Prior to March 1, 2021, Eaton Vance Management ("EVM"), Eaton Vance Trust Company ("EVTC") and Eaton Vance Distributors, Inc. ("EVD") were wholly-owned subsidiaries of Eaton Vance Corp. ("EVC"). On March 1, 2021, Morgan Stanley acquired EVC, and EVM, EVTC and EVD became indirect, wholly-owned subsidiaries of Morgan Stanley. Statement Note 2 Part VII Section A Supplemental:Jeffrey P. Beale - Lead Director and Audit CommitteeMichelle A. Shell - Director, Nominating and Governance Committee (Chair), and Audit CommitteeKatharine B. Leness - Director and Audit Committee (Chair)Lawrence L. Fahey - Director, President, and Nominating and Governance CommitteeJohn Griffin - Director, Nominating and Governance Committee, and Audit CommitteeKathleen L. Ames - Director and Nominating and Governance CommitteeMeghan Moses - Vice President and Chief Philanthropy OfficerAs of 2/9/2023, Stephen Clarke became President, Director, and Chief Philanthropy Officer, replacing Lawrence Fahey as President and Director. As of the same date, Lawrence Fahey became the Chief Administrative Officer and Vice President; Meghan Moses was removed as Vice President and Chief Philanthropy Officer; and Michael Askew became Assistant Secretary. Pooled Income Funds 34 total Two International Place Boston MA 02110 Pooled Income Fund MA N/A T false USCGT - Income Two International Place Boston MA 02110 043526227 Pooled income fund MA N/A T 3932 false USCGT - High Yield Two International Place Boston MA 02110 043526225 Pooled income fund MA N/A T 9261 false USCGT - Growth & Income Two International Place Boston MA 02110 043526224 Pooled income fund MA N/A T 558 false USCGT - Income II Two International Place Boston MA 02110 522415926 Pooled income fund MA N/A T 5210 false USCGT - High Yield II Two International Place Boston MA 02110 522415922 Pooled income fund MA N/A T 5646 false USCGT - Growth & Income II Two International Place Boston MA 02110 522415913 Pooled income fund MA N/A T 1236 false USCGT - High Yield Fund IV Two International Place Boston MA 02110 466221923 Pooled income fund MA N/A T 3324 false USCGT - Growth & Income Traditional V Two International Place Boston MA 02110 387141533 Pooled income fund MA N/A T 483 false USCGT - Income III Two International Place Boston MA 02110 276144364 Pooled income fund MA N/A T false USCGT - Current Income Traditional V Two International Place Boston MA 02110 616544454 Pooled income fund MA N/A T 572 false USCGT - High Yield III Two International Place Boston MA 02110 276144376 Pooled income fund MA N/A T 189 false USCGT - High Yield Traditional V Two International Place Boston MA 02110 357106668 Pooled income fund MA N/A T 326 false US Legacy Income Trust II2 Two International Place Boston MA 02110 876761030 Pooled income fund MA N/A T 1693 false false false false false false false false false false false false false false false false false false false true USCGT - Income s 382410 Cash USCGT - High Yield s 652938 Cash USCGT - Growth & Income s 66872 Cash USCGT - Income II s 1339320 Cash USCGT - High Yield II s 597078 Cash USCGT - Growth & Income II s 43728 Cash USCGT - High Yield Fund IV s 270348 Cash USCGT - Income III s 74985 Cash USCGT - Current Income Traditional V s 22745 Cash USCGT - High Yield III s 22508 Cash USCGT - High Yield Traditional V s 21284 Cash