Overview
What is The New York Bar Foundation?
The New York Bar Foundation is a nonprofit organization, primarily established to foster legal research and education, enhance the administration of justice, promote ethical conduct, and encourage public service within the legal profession. It advances its mission by awarding grants to tax-exempt organizations and charities, as well as administering Cy Pres funds derived from unclaimed monies in class action settlements. The organization's activities extend beyond financial aid, encompassing the preservation of legal traditions, fostering public understanding of our legal heritage, and making legal institutions more responsive to the public interest. They do so by sponsoring studies, conferences, publications, and various means of exchanging ideas related to these objectives.
Official website here: www.tnybf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Stars
The New York Bar Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and finance practices. The 95% rating indicates a high level of transparency and effective financial management, which is crucial for maintaining donor trust and support. The organization has successfully demonstrated a significant commitment to its mission while managing resources responsibly.
A notable strength of the foundation is its governance structure, boasting a board that is 95% independent. This independence facilitates objective decision-making and oversight. Additionally, the foundation's financial health is further evidenced by a low liabilities to assets ratio of just 0.07%, indicating a sound financial position that allows the organization to fulfill its mission without undue risk.
While the organization performs well in terms of accountability, the percentage of program expenses relative to total expenses is respectable at 69.37%. This suggests that the foundation is effectively allocating resources towards its programs and mission-related activities, although a slightly higher ratio could enhance its service delivery. Overall, The New York Bar Foundation stands out as a well-managed organization dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The New York Bar Foundation?
100% of 8 reviewers on Facebook recommend The New York Bar Foundation. Here is a summary of their reviews:
The organization is praised for its commitment to enhancing public trust in the legal profession. Reviewers appreciate its advocacy efforts and the proactive role it plays in ensuring that the community is served justly and ethically. The foundation’s initiatives resonate well with supporters who value integrity in legal matters.
Overall, the sentiment is overwhelmingly positive, reflecting the foundation's success in meeting its mission and delivering impactful programs. Those who engage with The New York Bar Foundation feel confident in its capability to promote transparency and uphold standards in the legal field.
This AI summary has been generated from reviews found on Facebook.
Is The New York Bar Foundation legitimate?
The New York Bar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The New York Bar 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.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.tnybf.org
What is the mission statement of The New York Bar Foundation?
The New York Bar Foundation's primary purpose is to advance legal research and education, improve the administration of justice, promote professional ethics and responsibility, and encourage service to the public. It aims to cultivate the preservation of the history and traditions of the law, the courts, and the legal profession. The foundation also works towards better public understanding of our legal heritage and making legal institutions more responsive to the public interest. It accomplishes this through various means such as sponsoring studies, conferences, publications, and other forms of discourse and communication. Additionally, the foundation manages distributions of Cy Pres and special court-ordered funds related to unclaimed and undistributed monies from various class action settlements.
Official website here: www.tnybf.org
Who is the CEO of The New York Bar Foundation?
Carla M Palumbo is the President of The New York Bar Foundation.
Official website here: www.tnybf.org
What is the revenue of The New York Bar Foundation?
The New York Bar Foundation's revenue in 2022 was $633,550.
Official website here: www.tnybf.org
Who are the executives of The New York Bar Foundation and what are their salaries?
There 37 volunteers at The New York Bar Foundation.
Here are 24 key members and their salaries:
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Official website here: www.tnybf.org
Where can I find the form 990 for The New York Bar Foundation?
The New York Bar Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tnybf.org
Learn more at the official website: www.tnybf.org
Mission Statement of The New York Bar Foundation
The New York Bar Foundation, in its mission, strives to advance legal research and education, aiming to improve the administration of justice. This organization is dedicated to promoting professional ethics and responsibility, as well as encouraging service to the public. The foundation also seeks to cultivate the preservation of the history and traditions of the law, the courts, and the legal profession. It endeavors to foster better public understanding of our legal heritage. Moreover, The New York Bar Foundation works towards making legal institutions more responsive to the public interest. To achieve these goals, it sponsors studies, conferences, publications, and other means of discourse, communication, and exchange of ideas that are appropriate. The foundation also makes various program service awards and grants to charitable and other tax-exempt organizations. In addition, it administers Cy Pres funds, which are distributions of unclaimed and undistributed monies from various class action settlements.
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Impact
July, 2024
The New York Bar Foundation's impact is significant in advancing legal research and education, improving the administration of justice, promoting professional ethics and responsibility, and serving the public. Through various program service awards and grants, as well as Cy Pres administration, the Foundation supports charitable organizations and oversees the distribution of funds related to class action settlements. Additionally, the Foundation works to preserve the history and traditions of the law, enhance public understanding of the legal heritage, and make legal institutions more responsive to the public interest. Its activities include sponsoring studies, conferences, and publications to foster discourse and exchange of ideas relevant to its mission.
This information is meant to be a general summary of The New York Bar 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: $183,270
- Gross Receipts: $5,946,133
Assets and Liabilities:
- Total Assets: $11,884,386
- Total Liabilities: $6,645
- Net Assets: $11,877,741
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Organization Details
Founding Year
1950
Phone
(518) 487-5651Principal Officer
Carla M Palumbo
Main Address
ONE ELK STREET, ALBANY, NY, 12207
Website
www.tnybf.orgNTEE Category
Code: I128 - Crime
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