2019-05-08T07:07:46-07:00 2018-12-31 352111971 RENAISSANCE ADMINISTRATION LLC 8910 Purdue Rd Suite 500 Indianapolis IN 46268 990 2018-01-01 311663020 The US Charitable Gift Trust co Eaton Vance Trust Company USCH 8008362414 Two International Place Boston MA 02110 Lawrence L Fahey President 2019-05-08 true Joseph R Gianforte P00757003 3177573481 2018 2019-02-21 02:37:17Z Lawrence L Fahey President 303293518 false false X www.uscharitablegifttrust.org X 1999 MA The mission of The U.S. Charitable Gift Trust (the "Gift 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 Gift Trust under the supervision of the Gift Trust's Board of Directors and, along with Eaton Vance Investment Counsel and Calvert Research and Management, provides investment advisory services to the Gift Trust. On an ongoing basis, Eaton Vance Trust Company, as the Gift Trust's trustee, hires and oversees certain service providers to the Gift Trust. 7 6 0 0 131071674 180913878 0 17623118 16727522 0 148694792 197641400 98623225 102810572 0 241666 3994701 4243638 4243638 3526287 3443942 106144213 110739818 42550579 86901582 662028008 707102568 84839087 84700542 577188921 622402026 The mission of The U.S. Charitable Gift Trust (the "Gift 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 Gift Trust under the supervision of the Gift Trust's Board of Directors and, along with Eaton Vance Investment Counsel and Calvert Research and Management, provides investment advisory services to the Gift Trust. On an ongoing basis, Eaton Vance Trust Company, as the Gift Trust's trustee, hires and oversees certain service providers to the Gift Trust. false false 102810572 102810572 The Trust is a tax-exempt public charity that receives donations from individuals, corporations, and others, maintains donor advised funds, and makes grants to numerous charitable organizations throughout the United States. Grantees include 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 with the flexibility to have charitable donations made when convenient for the donors, including the ability to spread the grants to specific charities over a period of time. This is accomplished without incurring the costs and administrative burdens associated with the creation and operation of separate charitable foundations. 102810572 true true 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 false false false true true false false false false true false false false true 10 0 false 0 false false false false false false false false false 0 false false false false false false false false false false false false X 7 6 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-Pres thru 52 President/Direc 2.50 0.00 X 23333 0 0 E Michael Brown Director 4.00 0.00 X 55000 0 0 James B Hawkes Director 2.50 0.00 X 35000 0 0 James M Storey Director 2.00 0.00 X 30000 0 0 Kathleen L Ames Director 2.00 0.00 X 30000 0 0 Katharine B Leness Director 2.50 0.00 X 35000 0 0 Michelle A Shell Director 2.50 0.00 X 33333 0 0 Lawrence L Fahey-Pres 53 on President/Direc 5.00 0.00 X X 0 0 0 James Kirchner Treasurer 4.00 0.00 X 0 0 0 Michael P Shattuck Asst. Treasurer 8.00 0.00 X 0 0 0 Stephanie Rosander Secretary 4.00 0.00 X 0 0 0 Matthew Manning 11 - 124 Asst. Secretary 1.00 0.00 X 0 0 0 Peter F Crowley Vice President 5.00 0.00 X 0 0 0 A John Murphy Vice President 5.00 0.00 X 0 0 0 Michelle Rousseau 124-1231 Asst. Secretary 4.00 0.00 X 0 0 0 241666 0 false false false Eaton Vance Distributors Inc Two International Place Boston MA 02110 Fundraising 4243638 Renaissance Administration LLC 8910 Purdue Road Suite 500 Indianapolis IN 46268 Administrative 2513530 Eaton Vance Management Two International Place Boston MA 02110 Asset management 624375 Deloitte & Touche LLP 200 Berkeley Street Boston MA 02116 Audit 122200 4 180913878 104685159 180913878 0 7277618 7277618 0 0 0 115102022 105652118 9449904 9449904 9449904 0 0 0 0 197641400 16727522 102810572 102810572 0 0 0 241666 241666 0 0 0 0 0 0 0 2574397 2574397 0 4243638 4243638 718169 718169 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous expenses 151376 151376 0 110739818 102810572 3685608 4243638 26699454 21549504 1001155 1314099 5735649 3573957 7356855 6630814 0 0 0 0 0 0 31039864 27204787 588221075 644751904 0 0 1973956 2077503 662028008 707102568 1146911 4596337 1048759 1781784 81348039 77367171 1295378 955250 84839087 84700542 X 495142605 545730157 82046316 76671869 577188921 622402026 662028008 707102568 X 86901582 -40785095 -903382 X X false true X true false X 97850934 93911032 115992451 131058545 180913878 619726840 0 0 97850934 93911032 115992451 131058545 180913878 619726840 6109361 613617479 6035677 10995292 7130362 7174288 7227618 38563237 0 0 658290077 0.93210 0.91950 X 5710 1508 174417992 6495886 102810572 470560107 174191797 true true 644751904 Distributions Payable 955250 955250 X 155952923 -40785095 -903382 -41688477 197641400 197641400 110739818 110739818 110739818 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). DAFs are exempt from taxation under IRC Section 501(a). PIFs and the CDRF are subject to tax on undistributed net income and alternative minimum tax preference items. 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 $0 federal tax for the years ended December 31, 2018 and December 31, 2017. For the years ended December 31, 2018 and December 31, 2017, 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, 2018 remains subject to examination by the IRS. X X X X true Eaton Vance Distributors Two International Place Boston MA 02110 Contribution solicitation false 180913878 4243638 176670240 180913878 4243638 176670240 AL AK AZ AR CA CO CT DC DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA 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 102810572 0 3661 3661 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 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 624375 See Part V below false Eaton Vance Distributors See Part V below 4243638 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 are managers of investments at Eaton Vance(D) The following officers participate in investment services: Jeffrey P. Beale (President through May 2, 2018) James Kirchner Michael P. Shattuck Stephanie Rosander Matthew Manning (Officer through Jan. 24, 2018) Lawrence L. Fahey (President after May 2, 2018) A. John Murphy Michelle Rousseau (Officer after Jan. 24, 2018)Eaton Vance Distributors, Inc.(B) Officers assist with fundraising efforts(D) The following officer participate in fundraising services: Peter F. Crowley X 3231 104685159 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). Client Note 1 Client Note 1 - The U.S. Charitable Gift TrustEIN: 31-1663020Schedule G, Part I, Line 3:The trust is registered, licensed to solicit contributions, or exempt from registration in all fifty states, Washington D.C., and Puerto Rico. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et The following officers/directors serve as employees of Eaton Vance Management or Eaton Vance Distributors, Inc. which provide investment advisory and fundraising services to the trust:Jeffrey Beale - President & Director (President through May 2, 2018)James Kirchner - TreasurerMichael Shattuck - Assistant TreasurerStephanie Rosander - SecretaryMatthew Manning - Assistant Secretary (Officer through Jan. 24, 2018)Michelle Rousseau - Assistant Secretary (Officer after Jan. 24, 2018)Peter Crowley - Vice PresidentLawrence Fahey - President & Director (President after May 2, 2018)A. John Murphy - Vice President Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company U.S. Charitable Gift Trust outsources trustee services to Eaton Vance Trust Company. Eaton Vance Trust Company outsources fund accounting and tax services to Renaissance Administration LLC. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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 persons:A. Received 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management All officers of the Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Trust. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees All officers of the Trust are employees of Eaton Vance Management or Eaton Vance Distributors, Inc. and receive no compensation from the Trust. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and financial statements are available upon request. Other Changes In Net Assets Or Fund Balances - Other Increases Change in value of split-interest agreements = $5467134 Other Changes In Net Assets Or Fund Balances - Other Decreases Distributions to income beneficiaries = -$6370516 Form 990, Part XII, Line 2: Change of Oversight or Selection Process The process for oversight of the audited financial statement has not changed from the prior year. US Charitable Gift Trust - CDRF 2020 H Two International Place Boston MA 02110 043553480 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 043526225 Pooled income fund MA N/A Trust 8124 0.00557 false US Charitable Gift Trust - Income Two International Place Boston MA 02110 043526227 Pooled income fund MA N/A Trust 16691 0.02240 false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 043526224 Pooled income fund MA N/A Trust 4405 0.01050 false US Charitable Gift Trust - Institution Two International Place Boston MA 02110 522415929 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 522415922 Pooled income fund MA N/A Trust 7378 0.00500 false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 522415913 Pooled income fund MA N/A Trust 1030 0.00230 false US Charitable Gift Trust - Income II Two International Place Boston MA 02110 522415926 Pooled income fund MA N/A Trust 2311 0.00640 false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 276144376 Pooled income fund MA N/A Trust 235 0.00100 false US Charitable Gift Trust - Income III Two International Place Boston MA 02110 276144364 Pooled income fund MA N/A Trust 498 0.00650 false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 276144380 Pooled income fund MA N/A Trust 606 0.01180 false US Charitable Gift Trust - Income IV Two International Place Boston MA 02110 466222519 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 466231661 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 466226705 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 466230966 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 466221923 Pooled income fund MA N/A Trust 160 0.00050 false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 387141533 Pooled income fund MA N/A Trust 233 0.00240 false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 376595940 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Current Inc Two International Place Boston MA 02110 616544454 Pooled income fund MA N/A Trust 67 0.00150 false US Charitable Gift Trust - Current Inc Two International Place Boston MA 02110 306491813 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Income Two International Place Boston MA 02110 357106668 Pooled income fund MA N/A Trust 164 0.00040 false US Charitable Gift Trust - High Income Two International Place Boston MA 02110 367662502 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 371883385 Pooled income fund MA N/A Trust false US Charitable Gift Trust - High Yield Two International Place Boston MA 02110 357201184 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 306603074 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Growth & In Two International Place Boston MA 02110 387201065 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Current Inc Two International Place Boston MA 02110 387200963 Pooled income fund MA N/A Trust false US Charitable Gift Trust - Current Inc Two International Place Boston MA 02110 306601839 Pooled income fund MA N/A Trust false false false false false false false false false false false false false false false false false false false true US Charitable Gift Trust - High Yield s 1091365 Cash US Charitable Gift Trust - Income s 319385 Cash US Charitable Gift Trust - Growth & In s 1136436 Cash US Charitable Gift Trust - High Yield s 1040916 Cash US Charitable Gift Trust - Growth & In s 423124 Cash US Charitable Gift Trust - Income II s 526253 Cash US Charitable Gift Trust - High Yield s 58378 Cash US Charitable Gift Trust - Income III s 51733 Cash US Charitable Gift Trust - Growth & In s 211116 Cash US Charitable Gift Trust - High Yield s 113368 Cash US Charitable Gift Trust - Growth & In s 152900 Cash US Charitable Gift Trust - Current Inc s 32901 Cash