Gift Clearing Trust
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 philanthropy across the globe.
Key facts about Gift Clearing Trust
In short: Gift Clearing Trust gave $188.4M across 1 grant in 2025 (avg $188.4M), mostly in Indiana. Source: 2025 IRS Form 990.
- EIN
- 37-6639232
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $188,419,745
- Grants made (2025)
- 1
- Average grant
- $188,419,745
- Median grant
- $188,419,745
- Total assets
- $83,254,473
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$83.3M
-42.9% YoY
Annual Giving
$188.4M
+69.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$188.4M
+69.4% YoY
How Gift Clearing Trust gives
- Giving grew 119% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About Gift Clearing Trust
Based on IRS filings
Gift Clearing Trust is a public charity, based in Indianapolis, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $83.3M in total assets. In 2025, it awarded 1 grant totaling $188.4M. Net investment income was $4.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $13.9M (2020) to $188.4M (2025). In 2025 it made 1 grant totaling $188.4M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Morgan Stanley Global Impact Funding Trust Inc ($188.4M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN | General Support | $188,419,745 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $83,254,473 | $145,831,757 | $138,504,712 |
| Revenue | $125,931,395 | $145,586,442 | $-14,719,854 |
| Expenses | $188,508,679 | $111,212,270 | $49,915,138 |
| Net Investment Income | $4,861,588 | $-58,411,189 | $-44,987,915 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 16, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Added Form 990 for fiscal year 2019 (received by the IRS August 17, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Gift Clearing Trust is led by Global Impact Fund, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Global Impact Fund
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Former officers (3)
- Former: Morgan Stanley Global Impact Funding (2019–2020) — Trustee
- Former: Gregory Baker (2020) — Trustee
- Former: Andrew Grumet (2019) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gift Clearing Trust
How much does Gift Clearing Trust give each year?
Gift Clearing Trust gave $188.4M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $111.2M across 1 grant.
How large is Gift Clearing Trust?
Gift Clearing Trust reported $83.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $125.9M.
Where does Gift Clearing Trust operate?
Gift Clearing Trust has awarded grants in Indiana, New York.
What is Gift Clearing Trust's EIN?
Gift Clearing Trust's EIN (Employer Identification Number) is 37-6639232. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Gift Clearing Trust by hand.
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