Overview
What is Mather Foundation?
Mather Foundation is a non-profit organization serving as the parent entity for various Mather Organizations in Evanston, Illinois. With a mission to create ways for older adults to age well, Mather Foundation holds, invests, and preserves funds to support charitable initiatives. These initiatives encompass providing housing, healthcare, community programs, research, education, and other essential services to enhance the lives of older adults. As the umbrella organization, Mather Foundation enables its affiliated organizations to make a significant impact in the lives of older adults by managing and allocating funds effectively.
Official website here: www.mather.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
The Mather Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance primarily in accountability and finance. The foundation's 96% score indicates a commitment to transparency and effective management, which is essential for building trust with donors and beneficiaries alike.
Strengths of the Mather Foundation include its high percentage of independent board members and a robust audit and oversight committee, which contribute to sound governance practices. Additionally, the organization has demonstrated financial stability with a low liabilities-to-assets ratio and a significant majority of expenses directed towards programs, showcasing its focus on mission-driven activities.
While the rating highlights numerous strengths, it primarily focuses on financial aspects. Future evaluations could benefit from a broader examination of program impact and community engagement to provide a more comprehensive view of the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mather Foundation legitimate?
Mather Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mather 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mather.com
What is the mission statement of Mather Foundation?
The Mather Foundation serves as the umbrella organization for the Mather Institutions. Its primary role is to manage and preserve funds for charitable purposes. This financial stability enables the affiliated organizations to offer essential services for older adults, including housing, healthcare, community programs, research, education, and other initiatives, all aimed at improving the quality of life for seniors and helping them age well.
Official website here: www.mather.com
Who is the CEO of Mather Foundation?
Mary G Leary is the President & Ceo of Mather Foundation. The CEO's salary of Mather Foundation is $0 and their total compensation is $2,589,571.
Official website here: www.mather.com
What is the revenue of Mather Foundation?
Mather Foundation's revenue in 2022 was $45,714,129.
Official website here: www.mather.com
Who are the executives of Mather Foundation and what are their salaries?
There 12 volunteers at Mather Foundation.
Here are 16 key members and their salaries (Mather Foundation's CEO's salary is $0 and their total compensation is $2,589,571):
- Compensation: $0
- Related: $1,730,479
- Other: $859,092
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $673,599
- Other: $274,741
- Compensation: $0
- Related: $378,585
- Other: $154,712
- Compensation: $0
- Related: $209,725
- Other: $46,248
Official website here: www.mather.com
Where can I find the form 990 for Mather Foundation?
Mather Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mather.com
Learn more at the official website: www.mather.com
Mission Statement of Mather Foundation
The Mather Foundation serves as the umbrella organization for the Mather Organizations. In this capacity, it holds, invests, and preserves funds to support the charitable mission of improving the lives of older adults. By managing these resources effectively, the Mather Foundation enables its affiliated organizations to provide a range of services that help older adults age well.
These services encompass housing, healthcare, community programs, research, education, and other initiatives. Through these offerings, the Mather Foundation and its organizations aim to create opportunities and environments that enable older adults to thrive. The foundation's commitment to enhancing the lives of older adults is a driving force behind its work and sets the stage for positive change in the lives of many.
The Mather Foundation's role as the parent entity for the Mather Organizations is crucial. Its ability to hold, invest, and preserve funds ensures that these organizations have the financial resources necessary to carry out their respective missions effectively. This financial stability allows the organizations to provide essential services and make a meaningful impact on the lives of older adults. By fostering an environment that supports the growth and development of older adults, the Mather Foundation is making a significant contribution to their overall well-being.
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Impact
October, 2024
The Mather Foundation significantly impacts the lives of older adults by providing essential resources and support aimed at enhancing their quality of life. By holding, investing, and preserving funds, the foundation enables various Mather organizations to deliver crucial services, including housing, healthcare, community programs, and educational opportunities. These initiatives reflect a commitment to research and innovative solutions focused on aging well. Through this structured support, the Mather Foundation fosters environments that empower older adults to lead fulfilling and enriched lives, addressing both their physical and social needs within the community.
This information is meant to be a general summary of Mather 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: $23,767,746
- Gross Receipts: $144,907,314
Assets and Liabilities:
- Total Assets: $667,352,452
- Total Liabilities: $101,843,004
- Net Assets: $565,509,448
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Organization Details
Founding Year
2004
Phone
(847) 492-7500Principal Officer
Mary G Leary
Main Address
1560 SHERMAN AVENUE 1010, EVANSTON, IL, 60201
Website
www.mather.comNTEE Category
Code: E19 - Health
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