Overview
What is Luesther T Mertz Charitable Trust?
Luesther T Mertz Charitable Trust is a testamentary charitable trust established under New York law, categorized as a "supporting organization" under Section 509(A)(3) of the Internal Revenue Code. The sole purpose and activity of the trust is to directly support fourteen publicly supported charities, as named in its governing instrument. The trust follows a mandate to distribute all its net income to provide essential support for a substantial program or activity of one or more of the beneficiary organizations. During its fiscal year ending November 30, 2022, the trust made distributions, all in cash, to various beneficiary organizations, totaling $3,900,000. The trust's headquarters are located at 218 East 18th Street, New York, NY 10003.
Official website here: www.not applicable
Is Luesther T Mertz Charitable Trust legitimate?
Luesther T Mertz Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luesther T Mertz Charitable Trust 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: $354,028
For more financial information, click here
Official website here: www.not applicable
What is the mission statement of Luesther T Mertz Charitable Trust?
The Luesther T Mertz Charitable Trust, a testamentary charitable trust under New York law, operates with a sole exempt purpose and activity. Its primary objective is to directly support fourteen publicly supported charities, as named in its governing instrument. The trust adheres to Section 509(A)(3) of the Internal Revenue Code, which classifies it as a "supporting organization." The trust ensures that all its net income is distributed to provide essential support for a substantial program or activity of one or more of its beneficiary organizations. During its fiscal year ended November 30, 2022, the trust made cash distributions to these beneficiary organizations, as required by its governing instrument.
Official website here: www.not applicable
Who is the CEO of Luesther T Mertz Charitable Trust?
Larry Condon is the Trustee of Luesther T Mertz Charitable Trust.
Official website here: www.not applicable
What is the revenue of Luesther T Mertz Charitable Trust?
Luesther T Mertz Charitable Trust's revenue in 2022 was $2,295,349.
Official website here: www.not applicable
Who are the executives of Luesther T Mertz Charitable Trust and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $177,014
- Related: $0
- Other: $0
- Compensation: $177,014
- Related: $0
- Other: $0
Official website here: www.not applicable
Where can I find the form 990 for Luesther T Mertz Charitable Trust?
Luesther T Mertz Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.not applicable
Learn more at the official website: www.not applicable
Mission Statement of Luesther T Mertz Charitable Trust
The Luesther T Mertz Charitable Trust is a testamentary charitable trust under New York law, operating under Section 509(A)(3) of the Internal Revenue Code. This organization serves as a supporting entity, its sole purpose being to directly support fourteen publicly-supported charities named in its governing instrument. The trust's mission is to distribute all its net income to provide essential support for a substantial program or activity of one or more of these beneficiary organizations. During its fiscal year ended November 30, 2022, the Luesther T Mertz Charitable Trust made cash distributions to these beneficiary organizations, in line with its mission to provide vital support.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Luesther T Mertz Charitable Trust has made a significant impact by distributing $3,900,000 to 11 of the 14 organizations outlined in its governing documents. This testamentary charitable trust operates under New York law, functioning as a supporting organization aimed at enhancing the mission of the named beneficiary organizations. By providing essential financial support, the Trust ensures that these charities can carry out substantial programs and activities that serve the public good. The Trust's commitment to its beneficiary organizations exemplifies a focused approach to philanthropy, directly impacting various communities and causes through its targeted financial contributions.
This information is meant to be a general summary of Luesther T Mertz Charitable Trust. 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: $2,295,349
- Gross Receipts: $2,295,349
Assets and Liabilities:
- Total Assets: $1,408,894
- Total Liabilities: $0
- Net Assets: $1,408,894
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(212) 475-1137Principal Officer
Larry Condon
Main Address
218 EAST 18TH STREET, NEW YORK, NY, 10003
Website
www.not applicableNTEE Category
Code: T900 - Philanthropy
If you are a representative of Luesther T Mertz Charitable Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.