Chiraag Bains
Deputy Assistant to the President for Racial Justice and Equity
Estimated Net Worth
  • estimated net worth
    $866 K - $2.3 M
Salary
  • salary
    $130 K
Employment
  • Started 01/20/2021

Financial Disclosure Details - OGE Form 278e (04/28/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Washington, District of Columbia
Director of Legal Strategies
1/2021
2
Washington, District of Columbia
Board Member
3/2021

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Demos
Salary
$14,983
2
Evergreen Strategy Group (Consulting)
Consulting Fees
$975
3
Demos, 403(b) plan:
3.1
Mutual of America, variable annuity
3.1.1
DWS Capital Growth VIP
$15,001 - $50,000
None (or less than $201)
3.1.2
Mutual of America 2045 Retirement Fund
$50,001 - $100,000
None (or less than $201)
4
SEP IRA
4.1
Vanguard Total Stock Market Index Fund ETF Class Shares (VTI)
$1,001 - $15,000
None (or less than $201)
5
Roth IRA
5.1
Vanguard 500 Index Fund Admiral Shares (VFIAX)
$1,001 - $15,000
None (or less than $201)

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
New York, New York
I will continue to participate in this defined contribution plan. Pursuant to standard policy that applies to current and separated employees, I will receive a payout into my 403(b) account of the employer contribution that accrued to me for my service in 2020 in approximately June 2021 and that accrued to me for my service in January 2021 (before my separation from Demos) in approximately June 2022. I will not receive any further employer contributions beyond these two payouts that accrued to me and were fixed prior to the start of my federal service.
2/2018

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
Nothing reported in this section

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
Relman Colfax PLLC (Public interest law firm)
partnership share
2
Relman Colfax, 401(k) plan:
2.1
ABA 2045 Retirement Fund
$250,001 - $500,000
None (or less than $201)
2.2
ABA Large-Cap Index Equity Fund
$50,001 - $100,000
None (or less than $201)
2.3
ABA Small-Mid Cap Index Equity Fund
$100,001 - $250,000
None (or less than $201)
2.4
ABA Bond Core Plus Fund
$15,001 - $50,000
None (or less than $201)
3
Roth IRA
3.1
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX)
$1,001 - $15,000
None (or less than $201)
3.2
Vanguard STAR Fund Investor Shares (VGSTX)
$1,001 - $15,000
None (or less than $201)
3.3
Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX)
$50,001 - $100,000
None (or less than $201)

Other Assets and Income

#
Description
Value
Type
Amount
1
U.S. bank #1
$100,001 - $250,000
None (or less than $201)
2
U.S. bank #2
$50,001 - $100,000
None (or less than $201)
3
Vanguard Extended Market Index Fund Admiral Shares (VEXAX)
$1,001 - $15,000
None (or less than $201)
4
Vanguard Total Stock Market Index Fund Admiral Class Shares (VTSAX)
$15,001 - $50,000
$201 - $1,000
5
Vanguard Health Care Index Fund ETF Class Shares (VHT)
$1,001 - $15,000
None (or less than $201)
6
Health Care Select Sector SPDR Fund (XLV)
$1,001 - $15,000
None (or less than $201)
7
Berkshire Hathaway Inc. (BRKB)
None (or less than $1,001)
$15,001 - $50,000
8
Vanguard Total World Stock Index Fund ETF Class Shares (VT)
$15,001 - $50,000
$201 - $1,000
9
Western Midstream (WES)
None (or less than $1,001)
$15,001 - $50,000
10
Occidental Petroleum Corp. (OXY)
None (or less than $1,001)
$5,001 - $15,000

Transactions

#
Description
Type
Date
Amount
1
T Rowe PriceGlobal Technology Fund, Inc (PRGTX)
Purchase
09/27/2021
$1,001 - $15,000
2
iShares Preferred and Income Securities ETF (PFF)
Purchase
09/27/2021
$1,001 - $15,000
3
Vanguard Growth Index Fund ETF Class Shares (VUG)
Purchase
09/27/2021
$15,001 - $50,000
4
Proshares Ultra MidCap400 (MVV)
Purchase
09/27/2021
$1,001 - $15,000
5
Proshares UltraPro QQQ (TQQQ)
Purchase
09/27/2021
$1,001 - $15,000
6
Vanguard Small-Cap Index Fund ETF Shares (VB)
Purchase
09/27/2021
$1,001 - $15,000
7
Berkshire Hathaway Inc. (BRKB)
Sale
07/29/2021
$15,001 - $50,000
8
Western Midstream
Sale
07/28/2021
$15,001 - $50,000
9
Occidental Petroleum Corp. (OXY)
Sale
07/28/2021
$1,001 - $15,000
10
American Airlines Group, Inc. (AAL)
Sale
07/28/2021
$1,001 - $15,000

Liabilities

#
Creditor
Amount
Incurred
Term
Nothing reported in this section

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
2
The filer resigned from this position in March 2021.
2
2
Payments received in 2021 after filer left Evergreen Strategy Group.
2
5.5
Vanguard changed this fund. It was previously called Vanguard Prime Money Market Fund Investor Shares (VMMXX).
6
22
There are no underlying assets in this UTMA, just cash.
6
23
There are no underlying assets in this UTMA, just cash.

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