Overview
What is Ernst & Young Foundation?
The Ernst & Young Foundation is a nonprofit organization dedicated to contributing to a better working world. By fostering trust and confidence in business, promoting sustainable growth, and nurturing talent, the foundation aligns with Ernst & Young's mission to make a positive impact. Through various initiatives, they aim to enhance collaboration and create a more effective business environment.
Official website here: www.ey.com/us/eyfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% - Four-Star out of Four Stars
The Ernst & Young Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation excels in various categories, particularly in having a fully independent board and robust financial oversight mechanisms. With a program expense ratio of 99.67% and no reported liabilities to assets, it demonstrates effective resource allocation towards its mission.
Strengths of the organization include its strong governance practices, as evidenced by the complete independence of board members, and solid policies regarding financial statements and asset management. The foundation has established a clear conflict of interest policy and ensures that board meeting minutes are documented appropriately, which contributes to its overall strong accountability score.
However, it is notable that the foundation is missing a whistleblower policy, which could be viewed as a gap in its governance framework. Despite this limitation, the overall financial health and operational transparency of the Ernst & Young Foundation underline its commitment to responsible management and effectiveness in its charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ernst & Young Foundation legitimate?
Ernst & Young Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ernst & Young 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.
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Official website here: www.ey.com/us/eyfoundation
What is the mission statement of Ernst & Young Foundation?
The Ernst & Young Foundation is dedicated to creating a superior working world by fostering trust and reliability in business, promoting sustainable growth, and cultivating talent in various forms. By focusing on these pillars, the foundation aspires to bring about a more collaborative and thriving global community. Through its initiatives, the organization strives to strengthen businesses, develop human capital, and enhance cooperation among different entities. Ultimately, the Ernst & Young Foundation's mission is to contribute to a better and more prosperous world for all.
Official website here: www.ey.com/us/eyfoundation
Who is the CEO of Ernst & Young Foundation?
Ginnie Carlier is the President of Ernst & Young Foundation.
Official website here: www.ey.com/us/eyfoundation
What is the revenue of Ernst & Young Foundation?
Ernst & Young Foundation's revenue in 2022 was $27,948,303.
Official website here: www.ey.com/us/eyfoundation
Who are the executives of Ernst & Young Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.ey.com/us/eyfoundation
Where can I find the form 990 for Ernst & Young Foundation?
Ernst & Young Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ey.com/us/eyfoundation
Learn more at the official website: www.ey.com/us/eyfoundation
Mission Statement of Ernst & Young Foundation
Ernst & Young Foundation, in its mission, strives to create a better working world. Through their dedication, they aim to bolster trust and confidence within businesses, foster sustainable growth, and cultivate the development of diverse talents. The organization believes in stronger collaborations as a means to bring about positive change.
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Impact
October, 2024
The Ernst & Young Foundation significantly impacts communities by fostering sustainable growth and trust in business. It focuses on developing talent in diverse forms, which is crucial for nurturing innovative leaders and empowering the workforce of tomorrow. Through its initiatives, the foundation promotes greater collaboration among stakeholders, enhancing educational opportunities and resources. By championing these principles, the Ernst & Young Foundation contributes to creating a more resilient economy and a more equitable society. Its commitment to building a better working world resonates through various programs that seek to elevate standards in education and professional development.
This information is meant to be a general summary of Ernst & Young 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: $667,306
- Gross Receipts: $30,327,161
Assets and Liabilities:
- Total Assets: $43,540,853
- Total Liabilities: $3,643,178
- Net Assets: $39,897,675
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Organization Details
Founding Year
1957
Phone
(212) 773-3000Principal Officer
Ginnie Carlier
Main Address
1 MANHATTAN WEST 401 9TH AVE, NEW YORK, NY, 10001
Website
www.ey.com/us/eyfoundationNTEE Category
Code: B120 - Education
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