Overview
What is The Clear Fund?
The Clear Fund, also known as GiveWell, is a nonprofit organization based in Oakland, California. Their mission is to identify exceptional charitable opportunities and publish comprehensive analyses to guide donors in their giving decisions. With a team of 68 employees, they have published research reports on new programs and interventions, as well as short reports on various charities. Their efforts have resulted in over $250 million in donations to recommended charities and $100 million in grants to programs outside their top recommendations. GiveWell's dedication to thorough research and transparency has made them a trusted resource for donors aiming to make a significant impact.
Official website here: www.givewell.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
The Clear Fund has achieved a perfect score of 100% on Charity Navigator, indicating strong accountability and financial practices. This rating reflects a commitment to transparency, with the organization demonstrating robust policies such as conflict of interest and whistleblower policies, as well as ensuring that financial audits are publicly accessible. The high program expense ratio of 97.59% shows that the majority of funds are directed toward their mission rather than administrative costs.
However, user feedback from Great Nonprofits presents a contrasting perspective. A notable review recounts a troubling experience where a donor faced unauthorized charges after making a small donation, which led to concerns about the charity's handling of financial transactions. This isolated incident raises questions about the organization's financial management and donor safeguards despite its strong accountability score.
Overall, while The Clear Fund is highly rated for its financial responsibility, the negative donor experience highlights the importance of maintaining stringent oversight on financial transactions to protect donors and uphold the charity's reputation.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Clear Fund?
100% of 29 reviewers on Facebook recommend The Clear Fund. Here is a summary of their reviews:
The overwhelming sentiment from those who took the time to share their thoughts indicates strong support for the charity's efforts. Many emphasize the positive impact the organization has in the community and appreciate its commitment to delivering meaningful programs and services.
Reviewers express satisfaction with the transparency of operations and how effectively their contributions are utilized. The Clear Fund is recognized for its dedication to philanthropy, with supporters valuing its mission and the measurable outcomes of its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is The Clear Fund legitimate?
The Clear Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Clear Fund 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: $1,758,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,133,395
For more financial information, click here
Official website here: www.givewell.org
What is the mission statement of The Clear Fund?
The Clear Fund, also known as GiveWell, is a philanthropic organization dedicated to identifying outstanding charitable giving opportunities. They publish detailed analyses of their findings to help donors make informed decisions on where to allocate their resources. The organization has published extensive reports on top charities and new programs, updating cost-effectiveness models and estimating over $250 million in donations made to recommended charities as a result of their research. GiveWell also recommended and granted over $100 million to programs other than their top recommendations.
Official website here: www.givewell.org
Who is the CEO of The Clear Fund?
Elie Hassenfeld is the Chair of The Clear Fund. The CEO's salary of The Clear Fund is $355,000 and their total compensation is $387,947.
Official website here: www.givewell.org
What is the revenue of The Clear Fund?
The Clear Fund's revenue in 2022 was $151,012,759.
Official website here: www.givewell.org
Who are the executives of The Clear Fund and what are their salaries?
The average compensation at The Clear Fund during 2022 was $101,351. There are 68 employees and 5 volunteers at The Clear Fund.
Here are 16 key members and their salaries (The Clear Fund's CEO's salary is $355,000 and their total compensation is $387,947):
- 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: $355,000
- Related: $0
- Other: $32,947
- Compensation: $285,750
- Related: $0
- Other: $1,563
- Compensation: $209,226
- Related: $0
- Other: $8,638
- Compensation: $263,768
- Related: $0
- Other: $15,895
- Compensation: $221,709
- Related: $0
- Other: $9,076
- Compensation: $213,230
- Related: $0
- Other: $8,443
- Compensation: $180,088
- Related: $0
- Other: $25,980
- Compensation: $173,791
- Related: $0
- Other: $27,071
- Compensation: $177,619
- Related: $0
- Other: $22,794
- Compensation: $173,016
- Related: $0
- Other: $9,196
- Compensation: $161,761
- Related: $0
- Other: $13,259
Official website here: www.givewell.org
Where can I find the form 990 for The Clear Fund?
The Clear Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.givewell.org
Learn more at the official website: www.givewell.org
Mission Statement of The Clear Fund
The Clear Fund, also known as GiveWell, is a pioneering organization dedicated to identifying exceptional charitable giving opportunities. With a commitment to thorough analysis, GiveWell compiles and disseminates detailed information to aid donors in making informed decisions about where to allocate their resources.
GiveWell's mission is to uncover outstanding charitable initiatives and make the ins and outs of their impact transparent to potential donors. They achieve this by conducting in-depth research and publishing comprehensive reports on top charities and promising new programs. By shedding light on the effectiveness and efficiency of various charitable endeavors, GiveWell empowers donors to make a significant difference in the world.
Over the course of their work, GiveWell has published extensive reports on various charities and initiatives, totaling 37 pages of detailed analysis. They have also released eight research reports on innovative programs and interventions, and eight short reports on charities they explored. In the realm of grants, GiveWell recommended over $100 million and granted an additional $100 million to programs outside of their top recommendations. The impact of GiveWell's research has been substantial, with an estimated $250 million in donations being made to recommended charities as a direct result.
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Impact
August, 2024
The Clear Fund, also known as GiveWell, has had a significant impact in the philanthropic world. Through their dedicated efforts, GiveWell has published in-depth analyses of giving opportunities, totaling 37 pages describing grants to top charities and new programs. They have also provided valuable research reports on various interventions and programs, updated cost-effectiveness models for top charities, and recommended significant grants to programs beyond their core recommendations.
It is estimated that GiveWell's research has influenced over $250 million in donations to recommended charities. This showcases their ability to guide donors towards impactful giving opportunities. Furthermore, GiveWell's work extends beyond traditional charity recommendations, as they have recommended $100 million in grants to programs outside of their top picks. This demonstrates their commitment to identifying effective and high-impact philanthropic opportunities.
Overall, The Clear Fund's impact can be seen in their rigorous research, transparent analysis, and tangible influence on charitable giving decisions. Their mission to find outstanding giving opportunities and provide detailed analysis for donors has undoubtedly made a significant difference in the philanthropic landscape.
This information is meant to be a general summary of The Clear Fund. 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: -$393,926
- Gross Receipts: $151,435,102
Assets and Liabilities:
- Total Assets: $117,537,288
- Total Liabilities: $39,746,494
- Net Assets: $77,790,794
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Organization Details
Founding Year
2007
Phone
(415) 689-5803Principal Officer
Elie Hassenfeld
Main Address
1714 FRANKLIN STREET 100335, OAKLAND, CA, 946123409
Website
www.givewell.orgNTEE Category
Code: T30 - Philanthropy
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