Overview
What is Cornell University Foundation?
The Cornell University Foundation, located at 130 East Seneca Street 400, Ithaca, NY 14850, functions as a donor-advised fund for Cornell University and other charitable organizations. This nonprofit organization facilitates charitable giving for Cornell alumni and friends. By using the structure of a donor-advised fund, it allows contributors to make thoughtful, informed charitable decisions and grants to various causes, all while receiving tax benefits. The Cornell University Foundation serves as a vital intermediary for those who wish to support Cornell University and other deserving charities.
Official website here: www.alumni.cornell.giftplans.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Cornell University Foundation has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. With an overall score of 85%, the foundation demonstrates a commendable commitment to transparency and effective financial management. The high accountability score reflects the organization's adherence to rigorous standards, including comprehensive financial statements and a lack of material asset diversion.
Strengths highlighted in the evaluation include the foundation's impressive program expense ratio of 96.39%, which signifies that a substantial portion of funds is directed towards its mission. Furthermore, the organization excels in fundraising efficiency, reported at $0.00, suggesting that it effectively utilizes resources without incurring significant fundraising costs. The foundation also maintains robust policies regarding conflict of interest, whistleblower protections, and document retention.
While the organization showcases strong financial health, there are no noted limitations that impact its overall performance. Its low liabilities to assets ratio of 0.06% and a working capital ratio of 5.10 years further affirm the foundation's financial stability. Overall, the Cornell University Foundation exemplifies accountability and effective use of resources in its mission-driven work.
This AI summary has been generated from information found on Charity Navigator.
Is Cornell University Foundation legitimate?
Cornell University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornell University 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.alumni.cornell.giftplans.org/
What is the mission statement of Cornell University Foundation?
The Cornell University Foundation serves as a donor-advised fund, catering to Cornell alumni and supporters who wish to make charitable donations. By facilitating this giving structure, the organization enables individuals to make a significant impact on various causes. The Cornell University Foundation distributes funds to both Cornell University and other eligible charitable organizations, as per the donors' advisements. In essence, it bridges the gap between generous donors and the charitable organizations they wish to support.
Official website here: www.alumni.cornell.giftplans.org/
Who is the CEO of Cornell University Foundation?
Wendell L Bryce is the Trustee of Cornell University Foundation.
Official website here: www.alumni.cornell.giftplans.org/
What is the revenue of Cornell University Foundation?
Cornell University Foundation's revenue in 2022 was $18,329,237.
Official website here: www.alumni.cornell.giftplans.org/
Who are the executives of Cornell University Foundation and what are their salaries?
There 4 volunteers at Cornell University Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alumni.cornell.giftplans.org/
Where can I find the form 990 for Cornell University Foundation?
Cornell University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alumni.cornell.giftplans.org/
Learn more at the official website: www.alumni.cornell.giftplans.org/
Mission Statement of Cornell University Foundation
The Cornell University Foundation serves as a charitable intermediary, catering to the giving needs of Cornell alumni and friends. In this role, it facilitates the creation and management of donor-advised funds. By offering this service, the organization enables supporters to make charitable contributions in a structured and efficient manner.
The Cornell University Foundation's primary mission lies in providing a platform for philanthropy. It enables individuals to make a significant impact on the causes they care about, including Cornell University and various other charitable organizations. The foundation facilitates the allocation of funds, ensuring they are distributed in accordance with the donors' wishes.
In essence, the Cornell University Foundation acts as a vital link between generous donors and worthy causes. It empowers individuals to make a difference, enabling them to support the initiatives that resonate with them most. By offering a donor-advised fund structure, the organization makes charitable giving accessible and convenient for a wide range of individuals, ultimately contributing to the betterment of various causes and communities.
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Impact
October, 2024
The Cornell University Foundation plays a significant role in enhancing the educational landscape by facilitating charitable giving from Cornell alumni and friends. By providing a structured framework for donor-advised funds, the Foundation empowers individuals to make impactful charitable contributions, particularly to Cornell University and other charitable organizations. This service not only fosters a strong sense of community among alumni but also encourages ongoing support for educational initiatives and programs.
Through its mission, the Foundation actively contributes to the financial sustainability of the university and enhances its ability to provide quality education and resources. The allocations made possible by the Foundation's efforts directly support various projects and initiatives, ensuring that the university can continue to thrive and adapt in a rapidly changing world. Overall, the Cornell University Foundation significantly amplifies the philanthropic efforts of its members, reinforcing the value of education and community impact.
This information is meant to be a general summary of Cornell University 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: $989,653
- Gross Receipts: $45,213,011
Assets and Liabilities:
- Total Assets: $167,185,531
- Total Liabilities: $1,326,800
- Net Assets: $165,858,731
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Organization Details
Founding Year
1986
Phone
(607) 254-1550Principal Officer
Wendell L Bryce
Main Address
130 EAST SENECA STREET 400, ITHACA, NY, 14850
NTEE Category
Code: B43I - Education
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