Overview
What is The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc?
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc, located in Wellesley, Massachusetts, is a nonprofit organization that offers financial aid and grants to deserving students attending schools that held significant importance in Margaret G. Petersmeyer's life before her passing in 1985. These institutions include Tenacre Country Day School, Dana Hall School, Harvard College, and the Harvard Business School, among others. The purpose behind these grants is to support and foster the personal growth, interests, and talents of the recipients. In 2022, the foundation awarded four new contingent grants to individuals in line with this mission.
Official website here: www.fitziefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. The overall score, which is entirely derived from the Accountability & Finance beacon, suggests that while certain governance practices are commendable, there are critical areas where the organization is underperforming.
The foundation boasts a fully independent board with strong compliance on conflict of interest and whistleblower policies, reflecting good governance practices. However, it falls short in financial metrics, with a low program expense ratio of 27.90% and a liabilities to assets ratio of 17.55%, both of which contributed to the low overall rating. This suggests that a substantial portion of its resources may not be directed towards its programs.
In summary, while the foundation has established robust governance frameworks, the financial metrics raise questions about its operational effectiveness and the impact of its charitable activities. Stakeholders interested in supporting the organization might want to consider these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
Is The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc legitimate?
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc 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: $1,500
Other Salaries and Wages: $0
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Official website here: www.fitziefoundation.org
What is the mission statement of The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc?
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc's mission is centered around providing grants to exceptional young women from institutions that had significant influence in Margaret Fitzgerald Grogan Petersmeyer's life. These institutions include Tenacre Country Day School, Dana Hall School, Harvard College, and the Harvard Business School, among others. The primary objective of these grants is to support the grantees in enhancing their character, interests, and talents further.
Official website here: www.fitziefoundation.org
What is the revenue of The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc?
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc's revenue in 2023 was $43,735.
Official website here: www.fitziefoundation.org
Who are the executives of The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc and what are their salaries?
There 3 volunteers at The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.fitziefoundation.org
Where can I find the form 990 for The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc?
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fitziefoundation.org
Learn more at the official website: www.fitziefoundation.org
Mission Statement of The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc is committed to supporting outstanding girls and young women by providing grants. This philanthropic organization focuses on individuals who have been associated with institutions that hold significant importance in Margaret Fitzgerald Grogan Petersmeyer's life. These institutions include Tenacre Country Day School, Dana Hall School, Harvard College, and the Harvard Business School, among others. The grants awarded by the foundation aim to aid in the grantees' personal development, enriching their character, interests, and talents. By offering this financial assistance, the Margaret Fitzgerald Grogan Petersmeyer Foundation Inc seeks to empower these young women, fostering their growth and potential.
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Impact
August, 2024
The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc's impact is centered on providing grants and financial assistance to deserving students at the four schools attended by Margaret G. Petersmeyer before her passing in 1985. Specifically, the foundation focuses on awarding grants to outstanding girls and young women from institutions that were significant in Petersmeyer's life, such as Tenacre Country Day School, Dana Hall School, Harvard College, and the Harvard Business School. These grants aim to support the recipients in further developing their character, interests, and talents. Through this initiative, the foundation contributes to advancing education and empowering young women to reach their full potential.
This information is meant to be a general summary of The Margaret Fitzgerald Grogan Petersmeyer Foundation Inc. 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 2023.
- Investment Income: $35,837
- Gross Receipts: $1,017,936
Assets and Liabilities:
- Total Assets: $1,289,881
- Total Liabilities: $226,602
- Net Assets: $1,063,279
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Organization Details
Founding Year
1986
Principal Officer
Gregg Petersmeyer
Website
www.fitziefoundation.orgNTEE Category
Code: B82 - Education
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