Overview
What is The Omidyar-Tufts Active Citizenship Trust?
The Omidyar-Tufts Active Citizenship Trust, as per the provided information, is a public charity primarily focused on alleviating poverty and aiding the distressed. It accomplishes this mission through microfinance investments, which involve providing financial services like credit, savings, insurance, remittances, and payment services to underprivileged households and small businesses. The Fund defines microfinance as engaging in such activities, ensuring that all invested capital is at risk. Beyond financial aid, The Omidyar-Tufts Active Citizenship Trust also supports education and contributes to positive societal changes through its investments. The organization's objective is to promote development and better the lives of those in need.
Is The Omidyar-Tufts Active Citizenship Trust legitimate?
The Omidyar-Tufts Active Citizenship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Omidyar-Tufts Active Citizenship 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: $422,512
Professional Fundraising Fees: $0
Other Salaries and Wages: $241,477
For more financial information, click here
What is the mission statement of The Omidyar-Tufts Active Citizenship Trust?
The Omidyar-Tufts Active Citizenship Trust aims to foster education by providing grants and facilitating positive societal changes through strategic investments. As a public charity, their mission, as outlined in their governing document, is to support the alleviation of poverty and distress through microfinance investments. According to their definition, microfinance involves offering financial services such as credit, savings, insurance, remittances, and payment services to economically disadvantaged individuals and micro-enterprises. All investments made by the trust in microfinance institutions carry financial risk.
What is the revenue of The Omidyar-Tufts Active Citizenship Trust?
The Omidyar-Tufts Active Citizenship Trust's revenue in 2024 was -$1,743,767.
Who are the executives of The Omidyar-Tufts Active Citizenship Trust and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $674,939
- Other: $73,129
- Compensation: $0
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- Other: $0
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- Other: $0
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- Related: $549,656
- Other: $73,310
- Compensation: $0
- Related: $377,311
- Other: $42,356
- Compensation: $0
- Related: $1,034,376
- Other: $136,425
- Compensation: $0
- Related: $215,774
- Other: $12,855
Where can I find the form 990 for The Omidyar-Tufts Active Citizenship Trust?
The Omidyar-Tufts Active Citizenship Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Omidyar-Tufts Active Citizenship Trust
The Omidyar-Tufts Active Citizenship Trust, as a public charity, is committed to promoting education and driving positive societal changes. It achieves this mission primarily through grants and strategic investments. The organization's focus is on the relief of poverty and distress, and it accomplishes this by supporting microfinance institutions. Microfinance, as defined by The Omidyar-Tufts Microfinance Fund, involves the delivery of essential financial services, including credit, savings, insurance, remittances, and payment services, to underprivileged households and micro-enterprises. This investment strategy, with all capital at risk, aims to empower these individuals and businesses, ultimately contributing to broader societal improvements.
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Impact
October, 2024
The Omidyar-Tufts Active Citizenship Trust has significantly influenced education and societal change through its strategic approach to microfinance. By delivering essential financial services—such as credit, savings, insurance, remittances, and payment services—directly to low-income households and micro-enterprises, the Trust addresses the immediate needs of the poor and distressed, enabling them to build sustainable livelihoods.
Through targeted grants and investments, the Trust fosters access to financial resources, empowering individuals and communities to break the cycle of poverty. This microfinance model not only equips beneficiaries with the necessary tools for economic self-sufficiency but also encourages community development and resilience. By investing in microfinance institutions, the Trust ensures that capital reaches those most in need, with all investments taking on the risk associated with such financial endeavors.
The focus on education further amplifies the Trust's impact, as financial stability can pave the way for improved educational opportunities. Overall, the Omidyar-Tufts Active Citizenship Trust exemplifies a transformative approach to community empowerment, advocating for proactive involvement in social and economic development.
This information is meant to be a general summary of The Omidyar-Tufts Active Citizenship 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 2024.
- Investment Income: $141,459
- Gross Receipts: $2,225,299
Assets and Liabilities:
- Total Assets: $114,612,131
- Total Liabilities: $12,598,402
- Net Assets: $102,013,729
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Organization Details
Founding Year
2005
Principal Officer
Pierre M Omidyar
NTEE Category
Code: Q32 - International
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