Fiduciary Charitable Foundation Dba Fiduciary Trust Charitable
Overview
Mission
Charitable trust organized to facilitate charitable giving by 1) accepting marketable securities, liquidating the asset and dispensing the proceeds to various designated charities, and 2) sponsoring and administering donor advised funds.
What it reported doing in 2024
The organization facilitates charitable giving by accepting marketable securities, liquidating the asset and dispensing the proceeds as grants to various 501(c)(3) charitable organizations per the donor's instructions included with the gift.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 046649138
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Headquarters
- Boston, MA, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports that some governance safeguards are missing and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 75
- Accountability: 88
- Sustainability: 68
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.6%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 14th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 0 of 8 controls in place; rating input score 0
- Grant itemization coverage: 98.7%; rating input score 99; 36th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 5.3%; rating input score 57; 57th percentile among comparable filings
- Operating reserve ratio: 1.94; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 98; 98th percentile among comparable filings
Growth
- Program expense growth: 49.6% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 18.3% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.6% of spending went to programs
- Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $57M in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, foreign activity, and grants
- Filing history: 5 annual filings from 2020 to 2024
- Money network: 299 filed money-flow records
- Related organizations: 298 filed related-organization links