Overview
What is Thomasannette Dignam Family Foundation Inc?
The Thomasannette Dignam Family Foundation Inc is a charitable organization that supports the Gulf Coast Community Foundation of Venice. Its primary role is to create a perpetual income source for the foundation, allowing individuals to donate in perpetuity rather than directly. The foundation safeguards the initial gift's principal while distributing the investment's earnings to the Gulf Coast Community Foundation of Venice. This nonprofit organization operates under Section 501(C)(3) and Section 509(A)(1) and/or 509(A)(2) of the Internal Revenue Code, furthering its mission to advance the Gulf Coast Community Foundation of Venice's objectives.
Is Thomasannette Dignam Family Foundation Inc legitimate?
Thomasannette Dignam Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomasannette Dignam Family 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Thomasannette Dignam Family Foundation Inc?
The Thomasannette Dignam Family Foundation Inc's primary mission is to support the work of the Gulf Coast Community Foundation of Venice. This is achieved by providing a means for the public to make enduring contributions to the foundation, ensuring that the initial investment's principal is preserved indefinitely while the earnings are distributed to the Gulf Coast Community Foundation of Venice. The Gulf Coast Community Foundation of Venice, a not-for-profit organization under Section 501(C)(3) and Section 509(A)(1) and/or 509(A)(2) of the Internal Revenue Code, benefits from these contributions, enabling it to continue its charitable activities. In essence, the Thomasannette Dignam Family Foundation Inc serves as a vehicle for perpetual philanthropy, channeling funds towards the Gulf Coast Community Foundation of Venice's mission.
Who is the CEO of Thomasannette Dignam Family Foundation Inc?
Thomas Dignam is the Director of Thomasannette Dignam Family Foundation Inc.
What is the revenue of Thomasannette Dignam Family Foundation Inc?
Thomasannette Dignam Family Foundation Inc's revenue in 2021 was $536,723.
Who are the executives of Thomasannette Dignam Family Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Thomasannette Dignam Family Foundation Inc?
Thomasannette Dignam Family Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Thomasannette Dignam Family Foundation Inc
The Thomasannette Dignam Family Foundation Inc is established with the primary purpose of supporting and advancing the mission of the Gulf Coast Community Foundation of Venice. This organization serves as a means for the public to make a gift that benefits the Gulf Coast Community Foundation of Venice in perpetuity, rather than making a direct gift. The foundation is designed to protect the principal of the gift in perpetuity while distributing the income earned on the investment to the Gulf Coast Community Foundation. The Gulf Coast Community Foundation of Venice is a not-for-profit corporation described under Section 501(C)(3) and Section 509(A)(1) and/or 509(A)(2) of the Internal Revenue Code. In essence, the Thomasannette Dignam Family Foundation Inc acts as a perpetual fund, enabling individuals to make charitable contributions that will continue to support the Gulf Coast Community Foundation of Venice's mission over an indefinite period.
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Impact
October, 2024
The Thomasannette Dignam Family Foundation Inc plays a vital role in ensuring the financial sustainability of the Gulf Coast Community Foundation of Venice. By creating a source of perpetual income, the foundation safeguards the principal of donations while directing the generated income to support the foundation's ongoing initiatives. This structure encourages public generosity, allowing individuals to contribute in ways that have lasting impacts on their community. The foundation's efforts effectively fortify the mission of the Gulf Coast Community Foundation, ensuring that resources remain available to address local needs and enhancing the quality of life in Venice and surrounding areas. Through its commitment to philanthropy, the Thomasannette Dignam Family Foundation Inc enables a continuous flow of support, fostering long-term community development and engagement.
This information is meant to be a general summary of Thomasannette Dignam Family 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 2021.
- Investment Income: $32,197
- Gross Receipts: $536,723
Assets and Liabilities:
- Total Assets: $368,998
- Total Liabilities: $0
- Net Assets: $368,998
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Organization Details
Principal Officer
Thomas Dignam
Main Address
5206 THE POINTE, ENGLEWOOD, FL, 342238105
NTEE Category
Code: T20 - Philanthropy
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