Overview
What is The Vermont Community Foundation?
The Vermont Community Foundation, located in Middlebury, Vermont, serves as a hub for charitable giving and community connection in the state. With a team of 50 dedicated individuals, the Foundation provides essential resources and expertise to help people make a difference in their community. By offering advice, investment vehicles, and back-office support, it simplifies the process of funding causes that resonate with donors. The Foundation manages hundreds of funds and foundations, and had over $68 million in impact through grants, mission investments, and programmatic activity in 2022. The organization's primary focus revolves around closing the opportunity gap and ensuring Vermonters have access to the resources they need to thrive. This encompasses initiatives related to family well-being, education, community resilience, health, and equity, fostering a vision of Vermont where everyone has the opportunity to build a secure future.
Official website here: www.vermontcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars) from Charity Navigator.
The Vermont Community Foundation has achieved an impressive Four-Star rating, reflecting a high level of accountability and financial health. With a 100% score in Accountability & Finance, the organization demonstrates strong governance practices, including a fully independent board and robust oversight mechanisms. The foundation's financial management is notably sound, with a low liabilities-to-assets ratio and an excellent program expense ratio, indicating that funds are used effectively to support its mission.
In terms of organizational culture and community engagement, the foundation scores 87%, suggesting a commitment to equity strategies and community involvement. This score reflects a positive approach to fostering inclusiveness and addressing community needs. The foundation's whistleblower and conflict of interest policies are also well-established, contributing to its transparency and trustworthiness.
While the foundation excels in many areas, the culture and community score, although strong, indicates there may be room for improvement in enhancing community engagement initiatives. Overall, the Vermont Community Foundation stands out as a reputable nonprofit with a strong commitment to its mission and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Vermont Community Foundation legitimate?
The Vermont Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Vermont Community 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: $1,167,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,360,997
For more financial information, click here
Official website here: www.vermontcf.org
What is the mission statement of The Vermont Community Foundation?
The Vermont Community Foundation plays a pivotal role in inspiring philanthropy and bringing together people and resources to benefit Vermont communities. With a network of hundreds of funds and foundations, the organization provides essential services, including advice, investment vehicles, and back-office expertise, to facilitate giving towards favorite causes. The Foundation's assets totaled nearly $68 million in 2022, which were allocated through grants, mission investments, and programmatic activities.
The Vermont Community Foundation's primary focus is on closing the opportunity gap, ensuring that Vermonters have the necessary resources for their loved ones' health and safety, as well as access to educational opportunities throughout their lives. The organization also invests in community resilience, supports physical, mental, and emotional health, and advances equity, belonging, creativity, and democracy. The Foundation envisions a future where everyone in Vermont has the opportunity to build a bright, secure future.
Official website here: www.vermontcf.org
Who is the CEO of The Vermont Community Foundation?
Dan Smith is the Chair of The Vermont Community Foundation. The CEO's salary of The Vermont Community Foundation is $211,694 and their total compensation is $265,825.
Official website here: www.vermontcf.org
What is the revenue of The Vermont Community Foundation?
The Vermont Community Foundation's revenue in 2022 was $40,050,864.
Official website here: www.vermontcf.org
Who are the executives of The Vermont Community Foundation and what are their salaries?
The average compensation at The Vermont Community Foundation during 2022 was $70,572. There are 50 employees and 26 volunteers at The Vermont Community Foundation.
Here are 26 key members and their salaries (The Vermont Community Foundation's CEO's salary is $211,694 and their total compensation is $265,825):
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- Compensation: $211,694
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- Other: $54,131
- Compensation: $144,345
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- Other: $37,742
- Compensation: $129,290
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- Other: $40,307
- Compensation: $137,634
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- Other: $25,066
- Compensation: $111,434
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- Other: $16,632
- Compensation: $93,606
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- Compensation: $78,445
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- Compensation: $23,409
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- Other: $7,181
- Compensation: $13,489
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- Other: $2,472
- Compensation: $112,158
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- Other: $6,545
- Compensation: $106,566
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- Other: $3,858
Official website here: www.vermontcf.org
Where can I find the form 990 for The Vermont Community Foundation?
The Vermont Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vermontcf.org
Learn more at the official website: www.vermontcf.org
Mission Statement of The Vermont Community Foundation
The Vermont Community Foundation is a philanthropic organization dedicated to inspiring giving and bringing together people and resources to make a difference in Vermont. The Foundation serves as a hub for hundreds of funds and foundations, offering advice, investment vehicles, and back-office expertise to individuals looking to support the causes they care about in the state. With nearly $68 million in assets, the organization has been making a significant impact in the community through grants, mission investments, and programmatic activity in 2022.
At the core of the Vermont Community Foundation's mission is the goal of closing the opportunity gap – the divide that leaves too many Vermonters struggling to get ahead, despite their best efforts. Over the next four years, the Foundation is prioritizing grants and investments that ensure Vermont families have the resources they need to keep their loved ones healthy and safe, provide access to educational opportunities throughout the lifetimes of Vermonters, build community resilience, support physical, mental, and emotional health, and advance equity, foster belonging, promote creativity, and strengthen democracy. By connecting and mobilizing people through giving, the Foundation aims to multiply the impact of philanthropy and make Vermont a place where everyone has the opportunity to build a bright, secure future.
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Impact
October, 2024
The Vermont Community Foundation plays a transformative role in enhancing the well-being of communities across Vermont. By inspiring philanthropy and uniting individuals with causes they care about, it fosters a culture of giving that significantly impacts local organizations and initiatives. With nearly $68 million allocated in 2022 through grants, mission investments, and various programs, the Foundation directly addresses critical issues such as health, education, resilience, and equity.
Central to its mission is the commitment to closing the opportunity gap, ensuring that all Vermonters have the resources they need to thrive. The Foundation prioritizes support for families' health and safety, access to lifelong educational opportunities, and the advancement of community resilience. Additionally, it focuses on promoting mental, emotional, and physical well-being while championing initiatives that enhance equity, belonging, creativity, and democracy.
Through its comprehensive approach, the Vermont Community Foundation helps build strong, healthy, and vital communities throughout the state, envisioning a future where every individual enjoys a secure and prosperous life.
This information is meant to be a general summary of The Vermont Community 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: $7,026,228
- Program Service Revenue: $1,260,908
- Gross Receipts: $174,136,923
Assets and Liabilities:
- Total Assets: $316,750,116
- Total Liabilities: $12,225,412
- Net Assets: $304,524,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$794,816
PROGRAMMATIC REVENUE
Revenue
$463,092
DUES
Revenue
$3,000
Organization Details
Founding Year
1986
Phone
(802) 388-3355Principal Officer
Dan Smith
Main Address
3 COURT STREET, MIDDLEBURY, VT, 05753
Website
www.vermontcf.orgNTEE Category
Code: T310 - Philanthropy
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