Overview
What is Community Foundation For Greater Buffalo Inc?
The Community Foundation for Greater Buffalo Inc, based in Buffalo, New York, is a charitable organization committed to improving lives in Western New York. With a staff of 52 individuals, the foundation manages both endowed and non-endowed funds for individuals, families, and organizations. It is known for its flexibility in advising donor gifts, sound asset management, and extensive community knowledge. The foundation's mission is to connect people, ideas, and resources to address the evolving needs in the region. The organization has over 1,100 named funds and directs these resources towards various community goals. The Board of the Community Foundation determines the grants for areas of interest, such as educational achievement, racial and ethnic equity, natural resource preservation, and architectural, arts, and cultural initiatives. In 2022, the foundation granted $525,000 from Changing Needs Funds and $1.9 million from Field of Interest Funds. Additionally, clients and donors have established scholarship funds, which the foundation awards primarily based on financial need, although other criteria may be set by the donor. In 2022, $3.5 million was awarded for scholarships, excluding those managed by SAY YES Buffalo. The foundation's ultimate vision is a vibrant and equitable Greater Buffalo Region where every individual thrives.
Official website here: www.cfgb.org
What are the reviews and ratings of this charity?
Charity Navigator has rated Community Foundation For Greater Buffalo Inc with a score of 99%, granting it a Four-Star out of Four Star rating. This high score reflects the organization's strong performance in the Accountability & Finance category, which is crucial for ensuring that donations are handled responsibly and effectively. The charity's overall score is derived solely from this beacon score, emphasizing its commitment to transparency and proper financial management.
The foundation boasts an impressive record of independent governance with 100% of its board members being independent, alongside a robust total of 21 members. Its financial practices are commendable, with a perfect score in areas such as material diversion of assets, compensation processes, and comprehensive reporting of CEO compensation. The organization also adheres to several essential policies, including conflict of interest and whistleblower protections, which further demonstrate its dedication to ethical operations.
However, there are limitations noted in the ratings, particularly concerning donor privacy policy, which is marked as missing. Additionally, while the fundraising efficiency ratio reflects a low score, it is accompanied by a substantial program expense ratio, indicating that the majority of funds raised are directed towards the organization's programs rather than administrative costs. Overall, the Community Foundation For Greater Buffalo Inc shows strong accountability and financial health, with some areas for improvement in donor privacy and fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Greater Buffalo Inc legitimate?
Community Foundation For Greater Buffalo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Greater Buffalo Inc 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: $1,126,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,675,146
For more financial information, click here
Official website here: www.cfgb.org
What is the mission statement of Community Foundation For Greater Buffalo Inc?
The Community Foundation For Greater Buffalo Inc is dedicated to improving lives in Western New York by connecting people, ideas, and resources. As a public charity, it helps clients and donors maximize their generosity by offering flexibility in advising their gifts, sound management of charitable assets, and deep community knowledge. The foundation manages over 1,100 named funds for individuals, families, and organizations. In addition to its fund management role, it acts as a community leader and convener, addressing specific regional needs and leading to significant improvements in educational achievement, racial/ethnic equity, the natural environment, urban revitalization, and the strengthening of cultural organizations.
Official website here: www.cfgb.org
Who is the CEO of Community Foundation For Greater Buffalo Inc?
Elizabeth Constantine is the Chair of Community Foundation For Greater Buffalo Inc. The CEO's salary of Community Foundation For Greater Buffalo Inc is $565,313 and their total compensation is $615,951.
Official website here: www.cfgb.org
What is the revenue of Community Foundation For Greater Buffalo Inc?
Community Foundation For Greater Buffalo Inc's revenue in 2022 was $56,537,676.
Official website here: www.cfgb.org
Who are the executives of Community Foundation For Greater Buffalo Inc and what are their salaries?
The average compensation at Community Foundation For Greater Buffalo Inc during 2022 was $73,099. There are 52 employees and 110 volunteers at Community Foundation For Greater Buffalo Inc.
Here are 29 key members and their salaries (Community Foundation For Greater Buffalo Inc's CEO's salary is $565,313 and their total compensation is $615,951):
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- Compensation: $565,313
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- Compensation: $114,634
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- Other: $9,182
Official website here: www.cfgb.org
Where can I find the form 990 for Community Foundation For Greater Buffalo Inc?
Community Foundation For Greater Buffalo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfgb.org
Learn more at the official website: www.cfgb.org
Mission Statement of Community Foundation For Greater Buffalo Inc
The Community Foundation for Greater Buffalo, a public charity, is dedicated to improving lives in western New York by connecting people, ideas, and resources. With a mission to help clients and donors maximize the impact of their generosity, the Foundation manages over 1,100 named funds for individuals, families, and organizations. The Foundation's commitment to flexibility, sound asset management, and deep community knowledge makes it an attractive choice for those looking to make a difference.
The Community Foundation for Greater Buffalo acts as a community leader and convener, addressing specific needs in the region. Its efforts have yielded significant improvements in educational achievement, racial/ethnic equity, the natural environment, urban revitalization, and the strength of cultural organizations that anchor the community. By leveraging its resources and expertise, the Foundation plays a vital role in enhancing the quality of life for individuals in western New York.
In essence, the Community Foundation for Greater Buffalo serves as a catalyst for positive change in the region. Through its grantmaking and community initiatives, it fosters a vibrant and equitable Greater Buffalo community where every individual can thrive.
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Impact
October, 2024
Community Foundation For Greater Buffalo Inc plays a crucial role in enhancing the quality of life in the Greater Buffalo region. Its vision centers on creating a vibrant and equitable community where every individual can thrive. By directing their resources strategically, they focus on addressing evolving community needs through grants and scholarships.
In 2022 alone, the foundation allocated $525,000 from changing needs funds to tackle key issues, including improving educational outcomes for low-income students, fostering racial and ethnic equity, preserving significant natural resources while promoting equitable access, and bolstering the region's architectural, artistic, and cultural landscape. Additionally, the foundation awarded $1.9 million from field of interest funds to support various targeted initiatives determined by their board.
Scholarships represent a significant investment in the local community, with $3.5 million awarded in 2022 to residents of Western New York, primarily based on financial need, thereby enabling individuals to pursue higher education and vocational training.
Through its extensive management of over 1,100 named funds, the Community Foundation demonstrates its commitment to connecting people, ideas, and resources, ensuring that generosity translates into substantial community impact. Their leadership and collaborative efforts have resulted in measurable improvements in education, equity, environmental stewardship, urban revitalization, and cultural enrichment, ultimately fostering a stronger, more inclusive community for all.
This information is meant to be a general summary of Community Foundation For Greater Buffalo Inc. 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: $11,392,871
- Gross Receipts: $92,314,719
Assets and Liabilities:
- Total Assets: $772,638,253
- Total Liabilities: $152,752,030
- Net Assets: $619,886,223
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Organization Details
Founding Year
1919
Phone
(716) 852-2857Principal Officer
Elizabeth Constantine
Main Address
726 EXCHANGE STREET 525, BUFFALO, NY, 14210
Website
www.cfgb.orgNTEE Category
Code: T31 - Philanthropy
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