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Charitable Real Estate Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 201560119 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

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Overview

What is Charitable Real Estate Foundation?

The Charitable Real Estate Foundation is a public charity associated with the Community Foundation of Greater Birmingham. Its primary mission is to aid other charities by managing the donation of real property. This service helps minimize liabilities and risks for these charities, maximizes the value received from the donations, and encourages further donations of real estate, ultimately benefiting residents in the Greater Birmingham area. The foundation operates by selling the donated properties, with the proceeds then being distributed to the assisted charities.


Official website here: www.givingrealestate.com

Is Charitable Real Estate Foundation legitimate?

Charitable Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charitable Real Estate 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.givingrealestate.com

What is the mission statement of Charitable Real Estate Foundation?

The Charitable Real Estate Foundation, operating in affiliation with the Community Foundation of Greater Birmingham, serves as a public charity with a primary purpose to assist other charities by facilitating the donation of real property. By doing so, the foundation aims to minimize liabilities and risks for these charities, maximize the value received from the donations, and encourage additional donations of real property, ultimately benefiting the residents of the greater Birmingham area.


Official website here: www.givingrealestate.com

Who is the CEO of Charitable Real Estate Foundation?

George Gaskin is the Board Member of Charitable Real Estate Foundation.


Official website here: www.givingrealestate.com

What is the revenue of Charitable Real Estate Foundation?

Charitable Real Estate Foundation's revenue in 2022 was -$156,563.


Official website here: www.givingrealestate.com

Who are the executives of Charitable Real Estate Foundation and what are their salaries?

There 4 volunteers at Charitable Real Estate Foundation.


Here are 4 key members and their salaries:


Virginia Boliek (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Schuler (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wilmer Poynor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Gaskin (Executive Director)
  • Compensation: $0
  • Related: $94,848
  • Other: $5,864


Official website here: www.givingrealestate.com

Where can I find the form 990 for Charitable Real Estate Foundation?

Charitable Real Estate Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.givingrealestate.com

Learn more at the official website: www.givingrealestate.com

Mission Statement of Charitable Real Estate Foundation

The Charitable Real Estate Foundation, operating in affiliation with the Community Foundation of Greater Birmingham, is a public charity with a primary mission to aid other charities by facilitating the donation of real property. This initiative aims to minimize liabilities and risks for the receiving charities, maximize the value derived from the donations, and encourage further donations of real estate as a benefit to the residents of Greater Birmingham. The foundation's role is crucial in encouraging charitable organizations to donate property, thereby enhancing their capacity to serve their communities while simultaneously benefiting the broader population of Greater Birmingham.

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Impact




October, 2024

The Charitable Real Estate Foundation has a significant impact on the Greater Birmingham area by facilitating donations of real property to assist local charities. By minimizing liabilities and risks associated with real estate donations, the foundation helps these organizations maximize the value derived from such donations. This strategic approach not only supports existing charities but also encourages additional contributions of real property, ultimately benefiting residents of the region. When real properties are sold, the proceeds are allocated directly to local charities, enhancing their ability to serve the community effectively and sustainably. This ripple effect fosters a culture of giving and strengthens the overall philanthropic landscape in Greater Birmingham.




This information is meant to be a general summary of Charitable Real Estate 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.

Revenue
-$156,563 (2022)
Expenses
$17,469 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$156,563
  • Gross Receipts: $14,437

Assets and Liabilities:

  • Total Assets: $8,770
  • Total Liabilities: $15,119
  • Net Assets: -$6,349

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Organization Details

Founding Year

2006

Principal Officer

George Gaskin

Main Address

2100 FIRST AVENUE NORTH, BIRMINGHAM, AL, 352034223

NTEE Category

Code: T11 - Philanthropy

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