University Of Limerick Foundation Inc

Charity Navigator rating: 1-Star out of Four Stars (56%)

The University of Limerick Foundation Inc has received a low rating of 56%, which indicates significant concerns regarding its accountability and financial practices. A notable strength is the high program expense ratio of 98.58%, suggesting that a substantial majority of its funds are allocated directly to its programs. However, the absence of independent board members raises questions about governance and oversight.

The foundation lacks key policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for ensuring transparency and ethical conduct. Additionally, the foundation does not have its tax forms posted on its website, which limits accessibility to information that stakeholders might seek. While the organization has demonstrated responsible asset management with no material diversion of assets, the overall governance structure appears to be lacking.

In summary, while the University of Limerick Foundation Inc excels in directing funds towards its programs, its low accountability score and absence of fundamental governance policies highlight areas needing significant improvement. Stakeholders and potential donors should carefully consider these factors before engaging with the organization.

This AI summary has been generated from information found on Charity Navigator.

University Of Limerick Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of Limerick Foundation 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.

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

Official website here: www.ul.ie