Overview
What is Fiduciary Charitable Foundation?
Fiduciary Charitable Foundation, operating as Fiduciary Trust Charitable, is a Boston-based charitable trust organization dedicated to facilitating donations to various 501(C)(3) charities. They accept and liquidate marketable securities, distributing the proceeds as grants according to the donor's instructions. Additionally, they sponsor and administer Donor Advised Funds. In essence, Fiduciary Trust Charitable serves as a bridge between donors and their desired charitable recipients, streamlining the charitable giving process.
Official website here: www.ftcharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Fiduciary Charitable Foundation has received a solid Three-Star rating from Charity Navigator, highlighting its overall accountability and financial practices. With a high accountability score of 87%, the organization demonstrates strong governance, particularly with a fully independent board, which is essential for maintaining transparency and trust.
Strengths of the foundation include its impressive program expense ratio of 97.31%, indicating that the majority of its funds are allocated directly to programs rather than administrative costs. Additionally, the organization has established effective audit and oversight measures, evidenced by its strong ratings in financial statement practices and asset management, with no noted material diversions of assets.
However, the foundation does have some noted limitations, particularly regarding its lack of a whistleblower policy and document retention protocols. These missing elements may raise concerns about the organization's internal controls and the safeguarding of sensitive information. Despite these gaps, the overall financial health and operational efficiency of the Fiduciary Charitable Foundation remain strong.
This AI summary has been generated from information found on Charity Navigator.
Is Fiduciary Charitable Foundation legitimate?
Fiduciary Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiduciary Charitable Foundation 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: $86,311
For more financial information, click here
Official website here: www.ftcharitable.org
What is the mission statement of Fiduciary Charitable Foundation?
The Fiduciary Charitable Foundation, also known as Fiduciary Trust Charitable, serves as a trust organization dedicated to facilitating charitable giving. By accepting marketable securities and liquidating the assets, the foundation distributes the proceeds as grants to numerous 501(c)(3) charitable organizations, adhering to the donor's instructions accompanying the gift. Additionally, the organization sponsors and administers donor-advised funds. The primary mission is to act as a trusted intermediary, enabling individuals to make a significant impact on various charitable causes.
Official website here: www.ftcharitable.org
Who is the CEO of Fiduciary Charitable Foundation?
Todd Eckler is the President/Executive Direct of Fiduciary Charitable Foundation.
Official website here: www.ftcharitable.org
What is the revenue of Fiduciary Charitable Foundation?
Fiduciary Charitable Foundation's revenue in 2022 was $36,442,800.
Official website here: www.ftcharitable.org
Who are the executives of Fiduciary Charitable Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.ftcharitable.org
Where can I find the form 990 for Fiduciary Charitable Foundation?
Fiduciary Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ftcharitable.org
Learn more at the official website: www.ftcharitable.org
Mission Statement of Fiduciary Charitable Foundation
Fiduciary Charitable Foundation, also known as Fiduciary Trust Charitable, is a charitable trust dedicated to facilitating charitable giving. This organization plays a unique role in the philanthropic world, accepting marketable securities and liquidating the assets to dispense the proceeds as grants to various 501(c)(3) charitable organizations. The donor's instructions are carefully considered when making these grants.
In essence, Fiduciary Charitable Foundation serves as a bridge between donors and their chosen charities. Donors benefit from the ease and flexibility of donating their securities directly to the foundation, while charities receive the funds they need to carry out their missions. By facilitating this process, the foundation enables more effective and tax-efficient charitable giving.
Moreover, Fiduciary Charitable Foundation offers an additional service by sponsoring and administering donor-advised funds. Donor-advised funds allow donors to make charitable contributions, receive an immediate tax deduction, and then recommend grants to their preferred charities over time. This feature provides donors with the ability to make thoughtful, strategic charitable decisions and support multiple charities over the course of their lifetime.
In summary, Fiduciary Charitable Foundation is a charitable trust that simplifies and enhances charitable giving by accepting and liquidating marketable securities, and managing donor-advised funds on behalf of donors. This mission enables donors to make charitable contributions efficiently, effectively, and in line with their philanthropic objectives.
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Impact
October, 2024
Fiduciary Charitable Foundation has a significant impact on philanthropy by facilitating charitable giving through two primary avenues. First, it accepts marketable securities, which allows donors to liquidate these assets and contribute the proceeds to various designated charities. This process not only simplifies the donation process for the donor but also maximizes the value that can be directed toward impactful causes.
Second, the foundation sponsors and administers donor-advised funds, empowering donors to recommend how their charitable contributions should be allocated over time. This feature enhances donor engagement by providing them with a voice in the charitable process, encouraging thoughtful and strategic giving.
By streamlining the donation process and allowing for flexible giving options, Fiduciary Charitable Foundation effectively supports a wide range of 501(c)(3) organizations, thereby amplifying the reach and effectiveness of charitable contributions. Its work in Boston and beyond contributes to a thriving philanthropic ecosystem that addresses various social issues and supports community development initiatives.
This information is meant to be a general summary of Fiduciary Charitable Foundation. 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: -$16,666,137
- Gross Receipts: $83,108,620
Assets and Liabilities:
- Total Assets: $115,277,256
- Total Liabilities: $0
- Net Assets: $115,277,256
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Organization Details
Founding Year
1990
Phone
(617) 292-6766Principal Officer
Todd Eckler
Main Address
CO FIDUCIARY TRUST CO PO BOX 558, BOSTON, MA, 022055806
Website
www.ftcharitable.orgNTEE Category
Code: T21Z - Philanthropy
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