Overview
What is The Douglass Fund?
The Douglass Fund is a charitable organization situated in New Brunswick, New Jersey, with an address at 181 Ryders Lane. Its primary mission is to gather and manage contributions aimed at supporting Douglass Residential College. This nonprofit organization has been instrumental in providing financial aid to students through scholarships, prizes, and special opportunity funding, issuing over 288 awards. The Douglass Fund's activities are focused on administering charitable contributions to benefit the college and its students, demonstrating its commitment to fostering educational opportunities.
Official website here: www.douglassalumnae.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Douglass Fund has earned a solid Three-Star rating from Charity Navigator, indicating a reliable standard of accountability and financial management. The high score is primarily based on the organization's strong practices in financial oversight, with a perfect score in several categories, including the presence of an independent board and thorough financial audits. This rating reflects the charity's commitment to maintaining transparency and responsible stewardship of funds.
The organization showcases strengths in its governance structure, with a significant majority of independent board members and rigorous conflict of interest and whistleblower policies in place. The absence of any financial misappropriation adds to its credibility, ensuring that donors can trust their contributions are being used effectively. Additionally, the charity maintains a healthy financial position, highlighted by a 0% liabilities-to-assets ratio and a program expense ratio of over 75%, demonstrating a focus on programmatic spending.
While the Douglass Fund shows commendable accountability, the rating does not provide insights into the outcomes of its programs or the overall impact it has in the community it serves. Potential donors may want to seek further information regarding specific programs and their effectiveness to ensure alignment with their charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is The Douglass Fund legitimate?
The Douglass Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Douglass 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.douglassalumnae.org
What is the mission statement of The Douglass Fund?
The mission of The Douglass Fund is centered around managing and utilizing charitable contributions. Its primary objective is to support Douglass Residential College by holding, obtaining, investing, disposing of, expenditing, applying, receiving, and administering these contributions. The fund provides financial aid to students through various means such as scholarships, prizes, and special opportunity funding, amounting to over 288 awards.
Official website here: www.douglassalumnae.org
Who is the CEO of The Douglass Fund?
Jeanne Fox is the Principal Officer/Trustee of The Douglass Fund.
Official website here: www.douglassalumnae.org
What is the revenue of The Douglass Fund?
The Douglass Fund's revenue in 2023 was $2,391,736.
Official website here: www.douglassalumnae.org
Who are the executives of The Douglass Fund and what are their salaries?
There 3 volunteers at The Douglass Fund.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $189,002
- Other: $31,643
- Compensation: $0
- Related: $108,938
- Other: $23,275
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.douglassalumnae.org
Where can I find the form 990 for The Douglass Fund?
The Douglass Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.douglassalumnae.org
Learn more at the official website: www.douglassalumnae.org
Mission Statement of The Douglass Fund
The Douglass Fund is a charitable organization with a mission to support Douglass Residential College. This mission involves holding, obtaining, investing, disposing of, expending, applying, receiving, and administering charitable contributions. In simpler terms, The Douglass Fund collects and manages donations to aid Douglass Residential College. One of their key activities is providing financial assistance to students through scholarships, prizes, and special opportunity funding, with over 288 awards distributed.
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Impact
October, 2024
The Douglass Fund plays a crucial role in enhancing the educational experience for students at Douglass Residential College. By managing and distributing charitable contributions, the fund has provided over 288 financial awards, including scholarships, prizes, and special opportunity funding. This financial support enables students to pursue their academic goals and engage in enriching educational activities, ultimately contributing to their personal and professional development. In doing so, the Douglass Fund significantly impacts the community, fostering a supportive environment that empowers women in their educational journeys in New Brunswick, NJ.
This information is meant to be a general summary of The Douglass 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 2023.
- Investment Income: $2,254,757
- Gross Receipts: $2,391,736
Assets and Liabilities:
- Total Assets: $43,668,293
- Total Liabilities: $0
- Net Assets: $43,668,293
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Organization Details
Founding Year
1969
Phone
(732) 246-1600Principal Officer
Jeanne Fox
Main Address
181 Ryders Lane, New Brunswick, NJ, 08901
Website
www.douglassalumnae.orgNTEE Category
Code: B114 - Education
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