Overview
What is Cambridge Charitable Foundation?
The Cambridge Charitable Foundation is a philanthropic organization situated in Cincinnati, Ohio, with an address at ONE E 4th Street Suite 700, 45202. Its primary purpose is to grant funds to various charitable organizations that align with its criteria, as approved by its board members. By doing so, the foundation aims to foster philanthropy within the greater Cincinnati region and maintain permanent endowment funds to support causes such as arts and culture, community progress, education, environmental conservation, health services, and human services. The foundation's mission is to promote generosity and contribute to the betterment of its local community.
Official website here: www.cambridgefoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Cambridge Charitable Foundation has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance, as evidenced by its score of 77%. This rating indicates that the organization meets a good standard of financial health and operational transparency, which is critical for donor confidence and effective nonprofit management.
Strengths of the foundation include its excellent program expense ratio of 88.15%, demonstrating a strong commitment to programmatic spending over administrative costs. Additionally, the foundation has no reported material diversion of assets and maintains a sound liabilities to assets ratio of 0.00%, indicating strong financial stability. The presence of essential policies such as whistleblower and conflict of interest policies further enhances its governance framework.
Nevertheless, the rating is based solely on financial accountability metrics, meaning that aspects such as program impact or community feedback are not reflected in this score. While the foundation’s financial indicators are strong, potential donors might want to consider additional qualitative information to assess the organization’s overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Charitable Foundation legitimate?
Cambridge Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Charitable 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.cambridgefoundation.com
What is the mission statement of Cambridge Charitable Foundation?
The Cambridge Charitable Foundation's primary mission is to encourage philanthropy across various sectors, including arts and culture, community progress, education, the environment, health, and human services. The organization works to establish and preserve permanent endowment funds for these causes. The sole service offered by the foundation is providing grants to eligible charitable organizations, approved by its board members. The foundation's activities aim to support and foster growth in these areas, contributing to the betterment of the community as a whole.
Official website here: www.cambridgefoundation.com
Who is the CEO of Cambridge Charitable Foundation?
Daniel P Randolph is the President & Trustee of Cambridge Charitable Foundation.
Official website here: www.cambridgefoundation.com
What is the revenue of Cambridge Charitable Foundation?
Cambridge Charitable Foundation's revenue in 2022 was $6,771,520.
Official website here: www.cambridgefoundation.com
Who are the executives of Cambridge Charitable Foundation and what are their salaries?
There 2 volunteers at Cambridge Charitable Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cambridgefoundation.com
Where can I find the form 990 for Cambridge Charitable Foundation?
Cambridge Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cambridgefoundation.com
Learn more at the official website: www.cambridgefoundation.com
Mission Statement of Cambridge Charitable Foundation
Cambridge Charitable Foundation is dedicated to fostering philanthropy in the broader Cincinnati, Ohio region. Its primary objective is to establish and maintain endowment funds for various sectors, including arts and culture, community progress, education, the environment, health, and human services. By promoting philanthropy, the foundation aims to contribute to the betterment of these crucial areas, ultimately benefiting the community as a whole. The sole service offered by the foundation involves granting funds to eligible charitable organizations that meet its stringent criteria, as approved by its board members.
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Impact
August, 2024
Cambridge Charitable Foundation's impact is to promote philanthropy broadly throughout the Greater Cincinnati, Ohio region. Through building and preserving permanent endowment funds, the foundation supports arts and culture, community progress, education, the environment, health, and human services. Its primary activity is providing grants to various charitable organizations that align with its mission and are approved by the board members.
This information is meant to be a general summary of Cambridge Charitable 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: $1,781,182
- Gross Receipts: $8,575,558
Assets and Liabilities:
- Total Assets: $46,390,763
- Total Liabilities: $0
- Net Assets: $46,390,763
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Organization Details
Founding Year
2005
Phone
(513) 241-5748Principal Officer
Daniel P Randolph
Main Address
ONE E 4TH STREET SUITE 700, CINCINNATI, OH, 45202
Website
www.cambridgefoundation.comNTEE Category
Code: T31 - Philanthropy
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