Overview
What is Pricewaterhousecoopers Charitable Foundation Inc?
The Pricewaterhousecoopers Charitable Foundation Inc is a New York-based Section 501(C)(3) organization, established under the nonprofit laws of the State of New York. Its mission is twofold: firstly, it offers assistance to employees of Pricewaterhousecoopers LLP (Pwc) in times of financial hardship, and secondly, it supports non-profit organizations focusing on education and humanitarianism to tackle society's most significant challenges. The Foundation's grant-making activities primarily concentrate on three areas: Education, where it seeks to close the opportunity gap by sponsoring innovative programs for students that equip them with essential skills, provide a stable foundation for educational advancement, and offer access to college and career pathways; and Humanitarianism, which grants assistance to individuals and communities during times of disaster. The organization's grants and expenditures primarily go towards public charities and the production of educational materials, including those addressing the educational needs of those affected by the COVID-19 pandemic.
Official website here: www.pwccharitablefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating) from Charity Navigator.
The Pricewaterhousecoopers Charitable Foundation Inc has achieved an impressive Four-Star rating due to its high accountability and finance score of 97%. This rating reflects the organization's strong commitment to transparency and responsible financial practices. The foundation has consistently demonstrated effective governance, with a fully independent board and comprehensive oversight measures in place.
Strengths include a remarkable program expense ratio of 98.73%, indicating that nearly all funds are directed toward its programs. Additionally, the foundation excels in fundraising efficiency, with negligible costs associated with raising funds. The organization also maintains robust policies, including conflict of interest and whistleblower protections, further enhancing its accountability.
While the data does not highlight any significant limitations, the foundation's focus on financial accountability and transparency suggests a strong operational framework that prioritizes the responsible use of resources. Overall, the Pricewaterhousecoopers Charitable Foundation Inc stands out as a well-managed and impactful nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Pricewaterhousecoopers Charitable Foundation Inc legitimate?
Pricewaterhousecoopers Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pricewaterhousecoopers Charitable 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:
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For more financial information, click here
Official website here: www.pwccharitablefoundation.org
What is the mission statement of Pricewaterhousecoopers Charitable Foundation Inc?
The Pricewaterhousecoopers Charitable Foundation is a non-profit organization with a mission to aid individuals from Pricewaterhousecoopers (PWC) during financial hardships and support non-profits working on solutions to society's most pressing challenges in education and humanitarianism. The Foundation's grantmaking activities focus on three cause areas. In education, the Foundation aims to close the opportunity gap and develop future leaders by funding organizations that provide innovative programs, create a solid educational foundation, and offer access to college and career pathways. In humanitarianism, the Foundation offers assistance to people and communities during times of disaster.
Official website here: www.pwccharitablefoundation.org
Who is the CEO of Pricewaterhousecoopers Charitable Foundation Inc?
Michael Sutphin is the Trustee/President of Pricewaterhousecoopers Charitable Foundation Inc.
Official website here: www.pwccharitablefoundation.org
What is the revenue of Pricewaterhousecoopers Charitable Foundation Inc?
Pricewaterhousecoopers Charitable Foundation Inc's revenue in 2022 was $35,126,012.
Official website here: www.pwccharitablefoundation.org
Who are the executives of Pricewaterhousecoopers Charitable Foundation Inc and what are their salaries?
There 76 volunteers at Pricewaterhousecoopers Charitable Foundation Inc.
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Official website here: www.pwccharitablefoundation.org
Where can I find the form 990 for Pricewaterhousecoopers Charitable Foundation Inc?
Pricewaterhousecoopers Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pwccharitablefoundation.org
Learn more at the official website: www.pwccharitablefoundation.org
Mission Statement of Pricewaterhousecoopers Charitable Foundation Inc
The Pricewaterhousecoopers Charitable Foundation, Inc. (The Foundation) is a non-profit organization committed to providing aid to those in need and supporting initiatives that address society's greatest challenges in education and humanitarianism. Established under the non-profit laws of the State of New York, the Foundation's mission is twofold. Firstly, it offers assistance to the people of Pricewaterhousecoopers LLP (PwC) during times of financial hardship. Secondly, it grants funds to non-profit organizations that foster emerging solutions in education and humanitarianism.
In the realm of education, the Foundation's grant-making activities are geared towards closing the opportunity gap and nurturing the next generation of leaders. It supports charitable organizations that develop innovative programs and initiatives, enabling students with essential skills for success and creating a solid foundation for educational growth. Furthermore, it provides access to college and career pathways, ensuring equal opportunities for all.
In the humanitarian sector, the Pricewaterhousecoopers Charitable Foundation offers assistance to individuals and communities during times of disaster. By providing aid, it aims to lessen the impact of crises and help those in need rebuild their lives. The organization's commitment to humanitarianism aligns with its dedication to making a positive difference in society.
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Impact
October, 2024
Pricewaterhousecoopers Charitable Foundation Inc significantly enhances educational opportunities and addresses pressing humanitarian needs. Focusing primarily on reducing the opportunity gap, the foundation provides grants to public charities and invests in innovative educational programs. This includes a substantial number of grants aimed at creating pathways for students to acquire critical skills for future success, thus fostering the development of the next generation of leaders.
Additionally, it has made targeted efforts to support educational needs arising from the impacts of the COVID-19 pandemic, ensuring that vulnerable populations receive vital resources and materials—both printed and online. By addressing these challenges head-on, the foundation plays a crucial role in shaping a more equitable educational landscape, providing access to college and career pathways for those in underserved communities.
Beyond education, the foundation also aids communities during times of disaster, showcasing its commitment to humanitarian efforts. Its impactful grant-making initiatives not only assist individuals in financial hardship but also strive to provide solutions to some of society's most persistent challenges, reinforcing its mission to foster long-term positive changes in both education and community welfare.
This information is meant to be a general summary of Pricewaterhousecoopers Charitable Foundation 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.
- Investment Income: $1,081,960
- Gross Receipts: $57,743,452
Assets and Liabilities:
- Total Assets: $110,028,643
- Total Liabilities: $15,709,473
- Net Assets: $94,319,170
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Organization Details
Founding Year
1942
Phone
(813) 348-7725Principal Officer
Michael Sutphin
Main Address
300 MADISON AVENUE, NEW YORK, NY, 10017
NTEE Category
Code: B00J - Education
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