Fiduciary Charitable Foundation

Analysis

Fiduciary Charitable Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fiduciary Charitable Foundation reported income of $52.4m and spending of $51.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $52.4m (+633%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 427%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fiduciary Charitable Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Second Harvest of the Greater Valley ($52.4m), Vermont Community Foundation ($52.8m) and Jerusalem Foundation ($52.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Other salaries and wages came to $88k. At year end it held assets of $108.8m against liabilities of $0, net assets of $108.8m.