Overview
What is C F Kellogg Est M M Kellogg Unitrust?
C.F. Kellogg Est. M.M. Kellogg Unitrust is a charitable organization that distributes funds as per its trust agreement. The primary beneficiaries of these funds include Bard College and the Association of Episcopal Colleges. The trust's mission focuses on providing financial support to these organizations, following the guidelines outlined in its trust instrument.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
C F Kellogg Est M M Kellogg Unitrust has received a low rating of 50%, indicating significant concerns with its accountability and finance practices. Key weaknesses include a complete lack of independent board members, which raises questions about governance and oversight. Additionally, the charity has not established essential policies such as conflict of interest, whistleblower, and document retention policies, all of which are critical for transparency and ethical conduct.
Despite these governance issues, the organization has a strong program expense ratio of 76.98%, suggesting that a significant majority of its funds are directed towards its charitable programs. This performance indicates a commitment to using resources effectively for its stated mission. However, the absence of a publicly accessible website and missing essential financial documents further limits transparency and accountability to stakeholders.
Overall, while the C F Kellogg Est M M Kellogg Unitrust demonstrates effective program spending, its governance, policy frameworks, and transparency efforts leave much to be desired. Stakeholders and potential donors may want to exercise caution and seek further information before engaging with or supporting this charity.
This AI summary has been generated from information found on Charity Navigator.
Is C F Kellogg Est M M Kellogg Unitrust legitimate?
C F Kellogg Est M M Kellogg Unitrust is a legitimate nonprofit organization registered as a 501(c)(3) entity. C F Kellogg Est M M Kellogg Unitrust 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: $21,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of C F Kellogg Est M M Kellogg Unitrust?
The C F Kellogg Est M M Kellogg Unitrust is designed to dispense funds to charities, as outlined in its trust instrument. Specifically, it assists the Association of Episcopal Colleges and Bard College through its programs. The trust's mission is centered around distributing funds to these charities as per the instructions laid out within the trust instrument.
Who is the CEO of C F Kellogg Est M M Kellogg Unitrust?
Deutsche Bank Trust is the Principal Officer of C F Kellogg Est M M Kellogg Unitrust.
What is the revenue of C F Kellogg Est M M Kellogg Unitrust?
C F Kellogg Est M M Kellogg Unitrust's revenue in 2022 was $74,459.
Who are the executives of C F Kellogg Est M M Kellogg Unitrust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $21,695
- Related: $0
- Other: $0
Where can I find the form 990 for C F Kellogg Est M M Kellogg Unitrust?
C F Kellogg Est M M Kellogg Unitrust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of C F Kellogg Est M M Kellogg Unitrust
The C F Kellogg Est M M Kellogg Unitrust is a philanthropic organization that is committed to providing financial assistance to charities, as outlined in its trust instrument. Among its beneficiaries are Bard College and the Association of Episcopal Colleges, to whom it dispenses funds in accordance with its established guidelines. This charitable entity plays a crucial role in supporting these organizations, allowing them to carry out their respective missions and contribute positively to their respective communities.
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Impact
October, 2024
C F Kellogg Est M M Kellogg Unitrust significantly impacts educational opportunities through its financial support directed to Bard College and the Association of Episcopal Colleges. By providing essential funds, the trust enables these institutions to enhance their programs, broaden access to education, and foster academic excellence. This support contributes to the development of future leaders and promotes the values associated with higher education within the Episcopal community and beyond. The investment in these educational establishments not only aids current students but also strengthens the foundation for ongoing educational initiatives and community engagement.
This information is meant to be a general summary of C F Kellogg Est M M Kellogg Unitrust. 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: $69,450
- Gross Receipts: $287,319
Assets and Liabilities:
- Total Assets: $1,327,971
- Total Liabilities: $0
- Net Assets: $1,327,971
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Organization Details
Founding Year
1980
Phone
(212) 454-1586Principal Officer
Deutsche Bank Trust
Main Address
PO BOX 1297 CHURCH ST STATION, NEW YORK, NY, 10008
NTEE Category
Code: B11 - Education
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