Overview
What is The World Fund Inc?
The World Fund Inc, based in New York City, New York, is a nonprofit organization that has a mission to foster world betterment. Through annual grant distributions, they support charities both domestically and internationally, focusing on various sectors such as Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development. In 2020 and 2021, the organization donated significant sums to numerous nonprofit organizations, contributing a total of $850,000. Their funds also covered dissolution-related expenses in 2022 before making a final donation to a nonprofit organization approved by their board. The World Fund Inc's activities have positively impacted several charities worldwide, contributing to their shared goal of bettering the world.
Official website here: www.abetterworldfund.org
Is The World Fund Inc legitimate?
The World Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The World Fund Inc 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.
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Official website here: www.abetterworldfund.org
What is the mission statement of The World Fund Inc?
The World Fund Inc, prior to its dissolution, dedicated its annual grants to deserving charities worldwide and in the U.S., focusing on key areas such as Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development. The organization's mission was to facilitate, encourage, and promote betterment in these sectors, aiming to contribute positively to the world. After dissolving in 2020, its assets were donated to various nonprofit organizations in the U.S., continuing its commitment to world improvement. The World Fund Inc's actions reflected its belief in supporting charities working towards a more equitable and improved global community.
Official website here: www.abetterworldfund.org
Who is the CEO of The World Fund Inc?
Ronald Jacobs is the President of The World Fund Inc.
Official website here: www.abetterworldfund.org
What is the revenue of The World Fund Inc?
The World Fund Inc's revenue in 2022 was $357.
Official website here: www.abetterworldfund.org
Who are the executives of The World Fund Inc and what are their salaries?
There 6 volunteers at The World Fund Inc.
Here are 6 key members and their salaries:
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Official website here: www.abetterworldfund.org
Where can I find the form 990 for The World Fund Inc?
The World Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abetterworldfund.org
Learn more at the official website: www.abetterworldfund.org
Mission Statement of The World Fund Inc
The World Fund Inc, a philanthropic organization, dedicates its annual grants to deserving charities both domestically and internationally. Its mission encompasses various sectors, including Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development. The primary objective of this nonprofit is to facilitate, encourage, and foster global betterment by providing financial support to charitable organizations working in these areas.
In line with its mission, The World Fund Inc has a history of donating significant amounts to various nonprofit organizations. In 2021, it approved a total of $850,000 in donations, distributed among 25 different charities. The organizations received funds for their initiatives in various sectors, demonstrating the organization's wide-ranging impact. After fulfilling its mission through these donations, The World Fund Inc proceeded with the dissolution process in 2022, utilizing its remaining funds to cover accounting, legal, and filing fees. The final balance was then donated to another approved nonprofit organization, signifying the organization's commitment to continuing its mission even after its dissolution.
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Impact
October, 2024
The World Fund Inc has made a significant impact through its philanthropic contributions, particularly in advancing areas such as Peace, Hunger, Health, Human Rights, Ecology, Education, and Economic Development. In 2020, it notably contributed $700,000 to 14 different nonprofit organizations, followed by an additional $150,000 to another 11 organizations in 2021. This total of $850,000 was strategically allocated to support deserving charities both in the United States and internationally, fostering efforts to improve global conditions.
Despite the Board's decision to dissolve the organization in late 2020, the commitment to world betterment continued through the distribution of assets to various nonprofits. In 2022, the remaining funds were utilized to settle accounting, legal, and filing fees associated with the dissolution, with the final balance also directed to a nonprofit chosen by the Board. The World Fund Inc’s contributions have left a lasting legacy, aiding numerous organizations dedicated to creating a better world.
This information is meant to be a general summary of The World Fund Inc. 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.
- Gross Receipts: $357
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1987
Phone
(917) 359-3131Principal Officer
Ronald Jacobs
Main Address
119 WEST 72ND STREET, NEW YORK, NY, 10023
Website
www.abetterworldfund.orgNTEE Category
Code: Q123 - International
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