Overview
What is Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp?
The Robert P Giddings Trust, managed by Taylor Ganson & Perrin LLP, is a philanthropic entity that focuses on making distributions to eligible organizations. In accordance with Internal Revenue Code sections 170 (b), 170 (c), and 2055(a), the trust currently supports two notable organizations: the Eastman School of Music at the University of Rochester, where it contributes two-thirds of its funds for scholarships for music students, and the Boston Symphony Orchestra, in which it invests one-third for support. The trust's primary objective is to distribute its income to these types of organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48% (Zero-Star out of Four Star rating)
The Robert P Giddings Trust currently holds a score of 48%, resulting in a Zero-Star rating. This low score is primarily derived from its overall accountability and finance metrics, indicating significant weaknesses in governance and transparency. The charity has no independent board members, which raises concerns about its oversight and decision-making processes.
In terms of financial practices, the organization performed well in certain areas, such as maintaining a good liabilities-to-assets ratio, signaling financial stability. Additionally, the program expense ratio is relatively high at 68.16%, suggesting that a majority of its funds are directed towards its programs rather than administrative costs. However, the absence of essential governance policies and documentation, such as a conflict of interest policy and meeting minutes, casts doubt on its overall accountability.
Overall, while the Robert P Giddings Trust demonstrates some positive financial management characteristics, the lack of independent oversight and transparency policies limits its credibility and effectiveness as a nonprofit organization. Potential donors and stakeholders may want to consider these factors carefully before engaging with this charity.
This AI summary has been generated from information found on Charity Navigator.
Is Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp legitimate?
Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp 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: $13,736
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp?
The Robert P Giddings Trust, managed by Taylor Ganson & Perrin LLP, is dedicated to making distributions to organizations that fall under IRC sections 170 (b), 170 (c), and 2055(a). These organizations primarily focus on providing scholarships for music students and supporting artistic endeavors, as exemplified by their current recipients, the Eastman School of Music at the University of Rochester and the Boston Symphony Orchestra. The trust's primary goal is to distribute its income to these types of organizations, contributing to the advancement of arts and education.
Who is the CEO of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp?
Edward R Martin is the Trustee of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp.
What is the revenue of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp?
Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp's revenue in 2022 was $62,371.
Who are the executives of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $6,868
- Related: $0
- Other: $0
- Compensation: $6,868
- Related: $0
- Other: $0
Where can I find the form 990 for Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp?
Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp
The Robert P Giddings Trust, managed by Taylor Ganson & Perrin LLP, is committed to making distributions to organizations as per the guidelines outlined in Internal Revenue Code sections 170 (b), 170 (c), and 2055(a). The current beneficiaries of these distributions include the Eastman School of Music at the University of Rochester, where a significant portion of the funds are allocated towards awarding scholarships to music students, and the Boston Symphony Orchestra, where a third of the funds are used to offer support. The primary objective of the Robert P Giddings Trust is to distribute its income to such organizations, thereby contributing to their ongoing operations and initiatives.
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Impact
October, 2024
The Robert P. Giddings Trust C/O Taylor Ganson & Perrin LLP plays a significant role in supporting the arts and education through its financial contributions to prominent organizations. By allocating its funds primarily to the Eastman School of Music at the University of Rochester and the Boston Symphony Orchestra, the trust enhances opportunities for aspiring musicians and supports cultural enrichment in the community.
With two-thirds of its distributions directed towards scholarships for music students at Eastman, the trust directly impacts the educational landscape, empowering talented individuals and fostering the next generation of musicians. This investment in education not only assists students in pursuing their passions but also contributes to the broader artistic community by cultivating skilled professionals.
Additionally, the one-third allocated to the Boston Symphony Orchestra provides crucial support for one of the nation's leading orchestras, helping to sustain its programming and outreach efforts. This backing enriches the cultural fabric of Boston and extends access to high-quality musical performances and education to a wider audience.
Overall, the trust's distribution strategy aligns with its mission to support organizations promoting music education and performance, significantly influencing both individual lives and the cultural landscape.
This information is meant to be a general summary of Robert P Giddings Trust C/O Taylor Ganson & Perrin Llp. 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: $62,063
- Gross Receipts: $220,600
Assets and Liabilities:
- Total Assets: $473,874
- Total Liabilities: $0
- Net Assets: $473,874
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Organization Details
Founding Year
1990
Phone
(617) 951-2777Principal Officer
Edward R Martin
Main Address
160 FEDERAL STREET 20TH, BOSTON, MA, 02110
NTEE Category
Code: T50Z - Philanthropy
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