Overview
What is The Rachel Molly Markoff Foundation?
The Rachel Molly Markoff Foundation is a public charity, based in Wellesley, Massachusetts, dedicated to uplifting the field of childhood cancer research. They achieve this by uniting the inventiveness of cancer researchers with the creativity of artists. Through a distinctive approach called "Art in Giving," the foundation encourages artists to contribute generously to this cause, channeling their funds towards the pressing needs of cancer researchers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
The Rachel Molly Markoff Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 53% is derived entirely from the Accountability & Finance beacon, highlighting the charity's lack of independent board members and several missing policies, which are critical for governance and transparency.
While the foundation does demonstrate financial stability with a liabilities to assets ratio of 0.00% and an impressive program expense ratio of 90.51%, these strengths are overshadowed by the absence of several important governance measures. The charity has no independent board members, and key documents, such as a conflict of interest policy and a whistleblower policy, are not in place. Additionally, the charity’s website does not comply with basic transparency requirements, further detracting from its accountability.
In summary, while the Rachel Molly Markoff Foundation shows strong program expense management, its lack of independent oversight and missing governance policies limit its rating and raise concerns for potential donors regarding transparency and accountability. Prospective supporters should weigh these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is The Rachel Molly Markoff Foundation legitimate?
The Rachel Molly Markoff Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Rachel Molly Markoff 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: $0
For more financial information, click here
What is the mission statement of The Rachel Molly Markoff Foundation?
The Rachel Molly Markoff Foundation's mission is uniquely centered around combining the ingenuity of childhood cancer researchers with the creativity of artists. This public charity, known as 'Art in Giving,' follows an innovative path by matching the generosity of its artistic contributors with the needs of cancer researchers, thereby raising funds for childhood cancer research.
Who is the CEO of The Rachel Molly Markoff Foundation?
Gary Markoff is the Fndtn Mgr. of The Rachel Molly Markoff Foundation.
What is the revenue of The Rachel Molly Markoff Foundation?
The Rachel Molly Markoff Foundation's revenue in 2021 was $106,430.
Who are the executives of The Rachel Molly Markoff Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Rachel Molly Markoff Foundation?
The Rachel Molly Markoff Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Rachel Molly Markoff Foundation
The Rachel Molly Markoff Foundation, as a public charity, uniquely merges the ingenuity of childhood cancer researchers with the creativity of artists. Through their initiative, known as Art in Giving, they combine the generosity of artists with the needs of cancer researchers. This unique approach allows the foundation to raise funds for childhood cancer research in a distinctive manner. The mission of The Rachel Molly Markoff Foundation is to leverage the artistic community's generosity to support cutting-edge research in the field of childhood cancer.
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Impact
October, 2024
The Rachel Molly Markoff Foundation significantly impacts the landscape of childhood cancer research by creatively linking artists with the needs of researchers. This innovative approach not only raises essential funds for research but also fosters a unique collaboration that amplifies the generosity of artists. By facilitating connections with individual and corporate buyers, the foundation ensures that financial support reaches vital research efforts. This synergy between artistry and scientific inquiry enhances the visibility and funding of projects aimed at combating childhood cancer, ultimately aiming to improve outcomes for young patients and their families. Based in Wellesley, MA, the foundation operates with a clear mission to harness creativity in the fight against cancer, driving both awareness and financial support in a meaningful way.
This information is meant to be a general summary of The Rachel Molly Markoff 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 2021.
- Investment Income: $344
- Gross Receipts: $106,430
Assets and Liabilities:
- Total Assets: $366,549
- Total Liabilities: $0
- Net Assets: $366,549
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Organization Details
Founding Year
1999
Phone
(781) 235-6205Principal Officer
Gary Markoff
Main Address
18 WISWALL CIRCLE, WELLESLEY, MA, 02482
NTEE Category
Code: T12 - Philanthropy
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