Civic Intelligence

Gift Clearing Trust

990 • Fiscal year 2022 • EIN 37-6639232

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 15, 2023

Organization ProfileN/A
CO Renpsg 8910 Purdue Rd 500Indianapolis, IN 46268

(212) 248-3260

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

1st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

1st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

96th percentile

66%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

99th percentile

349%

Faster asset growth than 99% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

180%

Faster revenue growth than 98% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$210,994,704

Up $163,958,424 (+349%) from 2021

Net Assets

Up

$210,994,704

Up $163,958,424 (+349%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin96th percentile

Revenue

Up

$255,749,182

Up $164,492,320 (+180%) from 2021

Expenses

Up

$86,045,976

Up $31,301,011 (+57%) from 2021

Net Income

Up

$169,703,206

Up $133,191,309 (+365%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2017: $9,952,163Liabilities 2017: $0Net Assets 2017: $9,952,1632017Assets 2018: $337,944Liabilities 2018: $0Net Assets 2018: $337,9442018Assets 2019: $904,727Liabilities 2019: $0Net Assets 2019: $904,7272019Assets 2020: $10,524,383Liabilities 2020: $0Net Assets 2020: $10,524,3832020Assets 2021: $47,036,280Liabilities 2021: $0Net Assets 2021: $47,036,2802021Assets 2022: $210,994,704Liabilities 2022: $0Net Assets 2022: $210,994,7042022Assets 2023: $138,504,712Liabilities 2023: $0Net Assets 2023: $138,504,7122023Assets 2024: $145,831,757Liabilities 2024: $0Net Assets 2024: $145,831,7572024

Highlighted filing

2022

Assets$210,994,704
Liabilities$0
Net Assets$210,994,704
Open 2022 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300M$200M$100M$0-$100MRevenue 2017: $24,484,512Expenses 2017: $14,532,349Net Income 2017: $9,952,1632017Revenue 2018: $63,615,998Expenses 2018: $73,230,217Net Income 2018: -$9,614,2192018Revenue 2019: $14,534,102Expenses 2019: $14,030,242Net Income 2019: $503,8602019Revenue 2020: $23,487,926Expenses 2020: $13,868,270Net Income 2020: $9,619,6562020Revenue 2021: $91,256,862Expenses 2021: $54,744,965Net Income 2021: $36,511,8972021Revenue 2022: $255,749,182Expenses 2022: $86,045,976Net Income 2022: $169,703,2062022Revenue 2023: -$14,719,854Expenses 2023: $49,915,138Net Income 2023: -$64,634,9922023Revenue 2024: $145,586,442Expenses 2024: $111,212,270Net Income 2024: $34,374,1722024

Highlighted filing

2022

Revenue$255,749,182
Expenses$86,045,976
Net Income$169,703,206
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 15, 2023
Return Version
2021v4.2
Gross Receipts
$344,715,325
Mission and Program Overview

Mission

The trust accepts and liquidates contributions of complex assets on behalf of morgan stanley global impact funding trust inc. To support the fostering and promotion of philantrophy across the globe.

To support ms gift in fostering and promoting philanthropy across the globe.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$33,882,236$195,734,447▲ $161,852,211
Investments in Publicly Traded Securities$8,500,000$8,500,000→ $0
Savings and Temporary Cash Investments$4,654,044$6,760,257▲ $2,106,213
Total Assets$47,036,280$210,994,704▲ $163,958,424
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$47,036,280$210,994,704▲ $163,958,424
Total Net Assets Fund Balance$47,036,280$210,994,704▲ $163,958,424
Total Liabilities and Net Assets / Fund Balance$47,036,280$210,994,704▲ $163,958,424

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$2,590,000--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$256,563,136
Program Service Revenue
$0
Investment Income
$-813,954
Other Revenue
$0
All Other Contributions
$256,563,136
Change in Net Assets
$169,703,206

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock6$88,649,293Fair Market Value
Secur Prtnrshp Trust Intrsts21$16,685,369Fair Market Value
Books and Publications-$565,250Fair Market Value
Real Estate Other1$494,900Fair Market Value
Total Noncash Contributions28$106,394,812-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$86,045,976
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$86,045,976--$86,045,976
Total Functional Expenses$86,045,976$0$0$86,045,976
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Morgan Stanley Global Impact Funding Trust IncIndianapolis, IN501(c)(3)General Support$86,045,976
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by the organization's independent tax accountant, ernst & young llp. A copy of the form 990 is then reviewed by a group of persons authorized to review financial matters, prior to the filing of the form 990 with the irs.”

Form 990, Part VI, Section B, Line 12C

“The organization enforces its conflict of interest policy by monitoring known relationships, reviewing questionnaires, and noting any changes to information disclosed. Any conflict is reviewed by the board of ms gift, a related entity, before a decision is made as to whether to approve the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, financial information, and conflict of interest policy are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Gift Clearing Trust
EIN
37-6639232
Phone
2122483260
Address
CO RENPSG 8910 PURDUE RD 500, INDIANAPOLIS, IN 46268

Signing Officer

Name
Jaisundar Siva
Title
Institutional Trustee
Phone
2122483260
Signed
2023-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melanie Schnoll-begun
Formed
2016
Legal Domicile
De
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
1

Preparer

Firm
Ernst & Young US Llp
Address
99 WOOD AVENUE SOUTH, ISELIN, NJ 08830
Preparer
Michael R Sales
Phone
7325164200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustment to cost basis per books -5,744,782.”

Raw XML Appendix393 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherContributionsAmt0256563136
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MATT ROBERTSON
IRS990/BooksInCareOfDetail/PhoneNum02122483260
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0C/O REN 8910 PURDUE RD 500
IRS990/BooksInCareOfDetail/USAddress/CityNm0INDIANAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046268
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IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0256563136
IRS990/CYGrantsAndSimilarPaidAmt086045976
IRS990/CYInvestmentIncomeAmt0-813954
IRS990/CYOtherExpensesAmt00
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0255749182
IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0GIFT CLEARING TRUST ACCEPTED AND LIQUIDATED CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE. GIFT CLEARING TRUST OPERATES FOR THE SOLE AND EXCLUSIVE BENEFIT OF AND TO PERFORM THE FUNCTION OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC., AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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IRS990/GainOrLossGrp/SecuritiesAmt0-7541219
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt086045976
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt086045976
IRS990/GrantsToDomesticOrgsGrp/TotalAmt086045976
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01037619
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IRS990/GrossReceiptsAmt0344715325
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt06572018
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06749796
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0177778
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt033882236
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0195734447
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08500000
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08500000
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01060150
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt087905993
IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE TRUST ACCEPTS AND LIQUIDATES CONTRIBUTIONS OF COMPLEX ASSETS ON BEHALF OF MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC. TO SUPPORT THE FOSTERING AND PROMOTION OF PHILANTHROPY ACROSS THE GLOBE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt047036280
IRS990/NetAssetsOrFundBalancesEOYAmt0210994704
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-7563750
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-7563750
IRS990/NetUnrelatedBusTxblIncmAmt087889
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt047036280
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0210994704
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0256563136
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-5744782
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MELANIE SCHNOLL-BEGUN
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt04654044
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0RESTRICTED STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc1C CORP INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/Desc2LP INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/Desc3CLOSELY HELD STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc4LLC INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/Desc5LAND TRUST - BENEFICIAL INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
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IRS990ScheduleI/RecipientTable/CashGrantAmt086045976
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
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IRS990ScheduleI/RecipientTable/RecipientEIN0527082731
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GIFT CLEARING TRUST ONLY GRANTS TO ITS SUPPORTED ORGANIZATION, MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST, INC. ("MS GIFT"). IT DOES NOT MONITOR GRANTS TO MS GIFT SINCE IT OPERATES FOR THE EXCLUSIVE BENEFIT OF MS GIFT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
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IRS990ScheduleM/BooksAndPublicationsGrp/NoncashContributionsRptF990Amt0565250
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
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IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0494900
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/ContributionCnt06
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IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesCloselyHeldStockGrp/NoncashContributionsRptF990Amt088649293
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/ContributionCnt021
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/MethodOfDeterminingRevenuesTxt0FAIR MARKET VALUE
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecurPrtnrshpTrustIntrstsGrp/NoncashContributionsRptF990Amt016685369
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HIRES RENPSG, AN UNRELATED THIRD PARTY ORGANIZATION, TO PROCESS AND LIQUIDATE ALL NONCASH CONTRIBUTIONS. RENPSG ENGAGES WITH REAL ESTATE AGENTS TO PERFORM THE SALE OF CERTAIN PROPERTY ASSETS, WHEN NECESSARY.
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt1FOR THE FOLLOWING LINES IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED: LINE 4: BOOKS AND PUBLICATIONS LINE 10: SECURITIES - CLOSELY HELD STOCK LINE 11: SECURITIES - PARTNERSHIP, LLC, OR TRUST INTERESTS LINE 17: REAL ESTATE - OTHER
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 32B:
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE M - PART I:
IRS990ScheduleM/ThirdPartiesUsedInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S INDEPENDENT TAX ACCOUNTANT, ERNST & YOUNG LLP. A COPY OF THE FORM 990 IS THEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL MATTERS, PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ENFORCES ITS CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, REVIEWING QUESTIONNAIRES, AND NOTING ANY CHANGES TO INFORMATION DISCLOSED. ANY CONFLICT IS REVIEWED BY THE BOARD OF MS GIFT, A RELATED ENTITY, BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL INFORMATION, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENT TO COST BASIS PER BOOKS -5,744,782.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0GIFT CLEARING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0471623736
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0210994704
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RECEIVE COMPLEX ASSETS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0255749182
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt08910 PURDUE RD 500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0INDIANAPOLIS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0527082731
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FOSTER AND PROMOTE PHILANTHROPY ACROSS THE GLOBE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0C/O RENPSG 8910 PURDUE ROAD NO 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0INDIANAPOLIS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd046268
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt047036280
IRS990/TotalAssetsEOYAmt0210994704
IRS990/TotalAssetsGrp/BOYAmt047036280
IRS990/TotalAssetsGrp/EOYAmt0210994704
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0256563136
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt086045976
IRS990/TotalFunctionalExpensesGrp/TotalAmt086045976
IRS990/TotalGrossUBIAmt0177778
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0210994704
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt086045976
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-991732
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255749182
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0177778
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047036280
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0210994704
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O RENPSG 8910 PURDUE RD 500
IRS990/USAddress/CityNm0INDIANAPOLIS
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046268
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GIFT CLEARING TRUST
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ReturnHeader/Filer/PhoneNum02122483260
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO RENPSG 8910 PURDUE RD 500
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL R SALES
ReturnHeader/ReturnTs02023-08-15T16:02:41-05:00
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ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$210,994,704
Liabilities
$0
Net assets
$210,994,704
Revenue
$255,749,182
Expenses
$86,045,976
Net income
$169,703,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$0.00$146$146$111$34.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$139$0.00$139$14.7$49.9$64.6
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$0.00$211$256$86.0$170
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.0$0.00$47.0$91.3$54.7$36.5
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$0.00$10.5$23.5$13.9$9.62
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$14.5$14.0$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.00$0.34$63.6$73.2$9.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.95$0.00$9.95$24.5$14.5$9.95