Overview
What is The Bessemer Giving Fund C/O Bessemer Trust Company Trustee?
The Bessemer Giving Fund CO Bessemer Trust Company Trustee is a charitable organization based in Woodbridge, New Jersey. They primarily function as a recipient of donations from the public and distribute grants to eligible charitable organizations, adhering to legal and regulatory guidelines. Their mission is to make a positive impact through financial contributions to qualifying charitable entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Bessemer Giving Fund has achieved an 80% overall score from Charity Navigator, indicating a solid level of accountability and finance management. This score is derived entirely from its strong performance in the Accountability & Finance category, demonstrating effective financial oversight, governance, and transparency in operations.
The organization has scored exceptionally well across various metrics, including a 99.30% program expense ratio and a very low liabilities-to-assets ratio of 0.01%. These figures suggest that the vast majority of its expenditures go directly to its programs, which is a positive indicator for potential donors. Additionally, the charity has established robust policies, including conflict of interest and whistleblower protections, ensuring ethical conduct within its operations.
However, the charity's fundraising efficiency is notably low, with a ratio of $0.002, which may raise concerns about the cost-effectiveness of its fundraising efforts. While the organization demonstrates strong financial management, potential supporters might want to consider this aspect when evaluating its overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Bessemer Giving Fund C/O Bessemer Trust Company Trustee legitimate?
The Bessemer Giving Fund C/O Bessemer Trust Company Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bessemer Giving Fund C/O Bessemer Trust Company Trustee 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee?
The Bessemer Giving Fund CO, managed by Bessemer Trust Company Trustee, is a charitable organization that receives contributions from the public. Its primary mission is to grant funds to qualified charitable organizations, in accordance with applicable laws and regulations. By collecting donations and distributing them to deserving causes, the organization plays a significant role in supporting various charitable projects for noble purposes. The grants made by the Bessemer Giving Fund aim to make a positive impact in communities and bring about meaningful change. The organization's commitment to receiving public contributions and distributing them to deserving charities is an essential part of its mission to contribute to the betterment of society.
Who is the CEO of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee?
Bessemer Trust Company is the Principal Officer of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee.
What is the revenue of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee?
The Bessemer Giving Fund C/O Bessemer Trust Company Trustee's revenue in 2022 was $111,261,443.
Who are the executives of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $30,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Bessemer Giving Fund C/O Bessemer Trust Company Trustee?
The Bessemer Giving Fund C/O Bessemer Trust Company Trustee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee
The Bessemer Giving Fund CO Bessemer Trust Company Trustee is a charitable organization that serves as a conduit for public contributions. Its mission is to collect donations from various sources and distribute them to eligible charitable organizations in accordance with applicable laws and regulations. The organization's primary role is to facilitate philanthropic giving and support causes that bring about positive change in communities.
By gathering charitable contributions, The Bessemer Giving Fund CO Bessemer Trust Company Trustee acts as a bridge between donors and the organizations that require funding. It ensures that the donations are dispersed effectively and efficiently to make a significant impact on the intended beneficiaries. The organization's grantmaking process is guided by the principles of transparency, accountability, and fairness, ensuring that every contribution is utilized to its full potential for charitable purposes.
The Bessemer Giving Fund CO Bessemer Trust Company Trustee's role in the philanthropic landscape is essential, as it enables donors to make a difference in the world by channeling their resources to causes they care about. The organization's grantmaking activities bring hope, relief, and opportunities to countless individuals and organizations, enhancing their capacity to create positive change in their communities and beyond. By fostering a culture of giving and collaboration, The Bessemer Giving Fund CO Bessemer Trust Company Trustee contributes to building a better, more compassionate world, one grant at a time.
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Impact
October, 2024
The Bessemer Giving Fund, facilitated by Bessemer Trust Company Trustee, plays a significant role in philanthropy by channeling public contributions to a variety of qualified charitable organizations and projects. By receiving donations from individuals and entities, the fund actively supports causes aligned with its mission, ensuring that contributions are directed towards meaningful initiatives that adhere to applicable laws and regulations.
The impact of this fund is evident in its ability to facilitate grant-making that addresses various community needs—ranging from health and education to environmental conservation and cultural enrichment. By streamlining the process of giving, it encourages more individuals to participate in philanthropy, thereby amplifying the reach and effectiveness of charitable efforts in society.
Operating out of Woodbridge, NJ, The Bessemer Giving Fund plays a critical role in mobilizing resources for charitable purposes, fostering a culture of giving, and enhancing the support available for initiatives that can lead to lasting positive change in communities.
This information is meant to be a general summary of The Bessemer Giving Fund C/O Bessemer Trust Company Trustee. 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: -$3,633,177
- Gross Receipts: $306,071,676
Assets and Liabilities:
- Total Assets: $638,749,745
- Total Liabilities: $70,000
- Net Assets: $638,679,745
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Organization Details
Founding Year
1997
Phone
(732) 855-0800Principal Officer
Bessemer Trust Company
Main Address
100 WOODBRIDGE CENTER DRIVE, WOODBRIDGE, NJ, 07095
NTEE Category
Code: T22 - Philanthropy
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