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Filing year 2024

BANK OF AMERICA CHARITABLE GIFT FD

Boston, Massachusetts·EIN 04-6010342·NTEE T700 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$1.7B
Total assets
$5.1B
Total expenses
$993.6M
Reported officers
1
Mission

A PUBLIC CHARITY THAT MAKES GRANTS ON BEHALF OF INDIVIDUALS AND FAMILIES WHO CREATE DONOR ADVISED FUNDS

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Massachusetts.

Trustee
Board Member
Above 90th percentile
$24.1M
$25.7M

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at BANK OF AMERICA CHARITABLE GIFT FD equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
2%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Climbed 28%
over 2 years

From $18.8M in 2022 to $24.1M in 2024.

$18.8M
2022
$20.1M
2023
$24.1M
2024
In today's dollarsEst.
Up 20% in real terms$21.5M to $25.7M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 28% from 2022 to 2024, while revenue rose 83%.

$18.8M in 2022 to $24.1M in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BANK OF AMERICA CHARITABLE GIFT FD reported revenue and expenses across 3 filing years.

RevenueExpenses
$907.6M
$763.1M
2022
$1.2B
$845.5M
2023
$1.7B
$993.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Massachusetts

Comparable philanthropy, voluntarism & grantmaking organizations in Massachusetts pay their highest-earning executive a median of $17,596.

25th percentile
$5k
Median
$17,596
75th percentile
$66k
90th percentile
$171k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 925 organizations across 925 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Massachusetts
FAQ

Common questions about BANK OF AMERICA CHARITABLE GIFT FD

What does the Board Member of BANK OF AMERICA CHARITABLE GIFT FD earn?

In 2024, the Board Member of BANK OF AMERICA CHARITABLE GIFT FD received $24,062,159 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at BANK OF AMERICA CHARITABLE GIFT FD compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Massachusetts, the 2024 pay of the Board Member at BANK OF AMERICA CHARITABLE GIFT FD falls in the top 10%. In 2024, the highest total compensation at BANK OF AMERICA CHARITABLE GIFT FD equaled 2% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are BANK OF AMERICA CHARITABLE GIFT FD's revenue and expenses?

In 2024, BANK OF AMERICA CHARITABLE GIFT FD reported $1.7B in total revenue and $993.6M in total expenses on its IRS Form 990.

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