Overview
What is Boston Charitable Trust Fund City Of Boston Trust Office?
The Boston Charitable Trust Fund City of Boston Trust Office is a charitable entity located within Boston City Hall, specifically at BOSTON CITY HALL M-5, Boston, MA 02201. Its primary role involves distributing the principal and income derived from accepted and received property to various other charitable organizations. These beneficiary organizations engage in charitable, scientific, literary, or educational pursuits, reflecting the Trust Office's commitment to promoting and supporting such causes within its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 63%, Two-Star out of Four Star rating
The Boston Charitable Trust Fund City Of Boston Trust Office currently holds a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The organization scored 63% overall, reflecting a lack of independent board members and missing key documentation on its website, which are critical components for transparency and governance.
Despite some strengths, such as a high program expense ratio of 99.86%, the nonprofit shows significant weaknesses in its governance structure. The board lacks independent oversight, which could affect decision-making and accountability. Additionally, the absence of publicly available documents like board meeting minutes and tax forms contributes to concerns about transparency.
On a positive note, the organization has established policies for conflict of interest, whistleblower protection, and document retention, which are essential for operational integrity. However, the overall lack of independent governance and transparency measures suggests that stakeholders may want to seek more information before supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Charitable Trust Fund City Of Boston Trust Office legitimate?
Boston Charitable Trust Fund City Of Boston Trust Office is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Charitable Trust Fund City Of Boston Trust Office 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
For more financial information, click here
What is the mission statement of Boston Charitable Trust Fund City Of Boston Trust Office?
The Boston Charitable Trust Fund City of Boston Trust Office's mission is centered around providing financial support to various charitable organizations. These organizations engage in scientific, literary, or educational pursuits, aiming to contribute positively to their respective fields. The trust office distributes the principal and income derived from its property holdings to these charitable organizations for their utilization. In essence, the trust office serves as a catalyst for charitable causes, furthering the work of organizations focused on scientific, literary, or educational advancements.
Who is the CEO of Boston Charitable Trust Fund City Of Boston Trust Office?
Maureen Garceau is the First Asst. Collector/Treasurer of Boston Charitable Trust Fund City Of Boston Trust Office.
What is the revenue of Boston Charitable Trust Fund City Of Boston Trust Office?
Boston Charitable Trust Fund City Of Boston Trust Office's revenue in 2022 was $52,908.
Who are the executives of Boston Charitable Trust Fund City Of Boston Trust Office and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $120,195
- Other: $28,842
- Compensation: $0
- Related: $56,799
- Other: $10,799
- Compensation: $0
- Related: $134,954
- Other: $28,842
- Compensation: $0
- Related: $39,378
- Other: $8,982
- Compensation: $0
- Related: $84,020
- Other: $26,388
- Compensation: $0
- Related: $44,921
- Other: $8,982
Where can I find the form 990 for Boston Charitable Trust Fund City Of Boston Trust Office?
Boston Charitable Trust Fund City Of Boston Trust Office's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boston Charitable Trust Fund City Of Boston Trust Office
Boston Charitable Trust Fund, a renowned organization, is committed to funding other charitable entities that focus on scientific, literary, or educational purposes. Its mission lies in distributing the principal and income derived from all property it receives and accepts, to benefit these charitable organizations. By doing so, Boston Charitable Trust Fund contributes to the wider charitable sector, supporting initiatives that aim to advance knowledge, literacy, and education. The trust's activities are geared towards fostering growth and development in these fields, ultimately contributing to a more informed and educated society.
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Impact
August, 2024
The Boston Charitable Trust Fund City Of Boston Trust Office's impact is felt through its funding of other charitable organizations engaged in charitable scientific, literary, or educational purposes. By distributing its principal and income to these organizations, the Trust Office plays a vital role in supporting initiatives that contribute to the betterment of society. This philanthropic effort helps advance research, promote literacy, and enhance education, ultimately making a positive difference in the community and beyond.
This information is meant to be a general summary of Boston Charitable Trust Fund City Of Boston Trust Office. 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: $1,574
- Gross Receipts: $52,908
Assets and Liabilities:
- Total Assets: $722,934
- Total Liabilities: $452,552
- Net Assets: $270,382
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Organization Details
Founding Year
1985
Phone
(617) 635-4140Principal Officer
Maureen Garceau
Main Address
BOSTON CITY HALL M-5, BOSTON, MA, 02201
NTEE Category
Code: T30 - Philanthropy
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