Overview
What is The Joseph & Lorraine Stotland Charitable Trust?
The Joseph & Lorraine Stotland Charitable Trust is a philanthropic organization, functioning as a supporting organization. Its primary objective is to distribute its entire income to Deborah Hospital Foundation. Beyond this, the trust also contributes to a fund dedicated to the treatment of children with congenital heart diseases, known as the "children of the world fund." The trust's mission remains focused on supporting Deborah Hospital Foundation, unless deemed necessary to assign a substitute beneficiary in certain circumstances.
Is The Joseph & Lorraine Stotland Charitable Trust legitimate?
The Joseph & Lorraine Stotland Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Joseph & Lorraine Stotland Charitable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Joseph & Lorraine Stotland Charitable Trust?
The Joseph & Lorraine Stotland Charitable Trust, functioning as a supporting organization, primarily distributes its entire income to Deborah Hospital Foundation. Beyond this, the trust also makes contributions to a fund specifically dedicated to aiding children with congenital heart diseases, referred to as the "children of the world fund." The mission of the trust is primarily geared towards supporting Deborah Hospital Foundation, but in the event of its ceasing to exist or failing to meet IRS 501(C)(3) qualifications, a substitute beneficiary may be appointed to receive its funds.
Who is the CEO of The Joseph & Lorraine Stotland Charitable Trust?
The Bryn Mawr Trust Co is the Principal Officer of The Joseph & Lorraine Stotland Charitable Trust.
What is the revenue of The Joseph & Lorraine Stotland Charitable Trust?
The Joseph & Lorraine Stotland Charitable Trust's revenue in 2022 was $267,407.
Who are the executives of The Joseph & Lorraine Stotland Charitable Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $47,651
- Related: $0
- Other: $0
Where can I find the form 990 for The Joseph & Lorraine Stotland Charitable Trust?
The Joseph & Lorraine Stotland Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Joseph & Lorraine Stotland Charitable Trust
The Joseph & Lorraine Stotland Charitable Trust is a supporting organization that adheres to a specific mission. It primarily distributes its entire net income to the Deborah Hospital Foundation, acting as a key contributor to this entity. Beyond this, the trust has also been designated to make distributions to the "Children of the World Fund," with a focus on supporting the treatment of children afflicted by congenital heart diseases. The trust's mission is centered around supporting the Deborah Hospital Foundation, but in the event that the foundation ceases to exist or fails to qualify under the IRS 501(c)(3), a substitute beneficiary would be required.
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Impact
October, 2024
The Joseph & Lorraine Stotland Charitable Trust significantly impacts health care, particularly in the treatment of children with congenital heart diseases. By distributing its entire net income to the Deborah Hospital Foundation, the trust ensures a steady stream of funding that supports essential medical services and programs. This partnership allows for enhanced care and resources for patients while specifically contributing to the "children of the world fund," which targets critical interventions for young patients facing heart-related challenges.
With a focused mission, the trust prioritizes the well-being of vulnerable populations, making a meaningful difference in health outcomes and providing hope to families in need. Its commitment not only fosters advancements in medical treatment but also underscores the importance of compassionate care in pediatric health initiatives. Through these efforts, the trust plays a vital role in promoting health and improving the quality of life for many children.
This information is meant to be a general summary of The Joseph & Lorraine Stotland Charitable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $267,407
- Gross Receipts: $1,162,661
Assets and Liabilities:
- Total Assets: $4,567,193
- Total Liabilities: $0
- Net Assets: $4,567,193
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Organization Details
Founding Year
2007
Phone
(717) 520-5674Principal Officer
The Bryn Mawr Trust Co
Main Address
CO BRYN MAWR TR 1 E CHOCOLATE AVE, HERSHEY, PA, 17033
NTEE Category
Code: E112 - Health
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