Overview
What is The Philadelphia Foundation?
The Philadelphia Foundation is a community foundation based in Philadelphia, Pennsylvania, with an address at 1835 Market Street 2410. The organization is dedicated to strengthening the economic, social, and civic vitality of Greater Philadelphia. They foster civic leadership by engaging in partnerships with regional and national funders, as well as organizations locally and statewide. Through their grantmaking and programs, they deploy philanthropic dollars to the community in the form of grants, scholarships, and initiatives. Discretionary grants focus on addressing community concerns and opportunities, particularly those concerning vulnerable populations and the infrastructure and leadership of organizations serving them. The foundation also offers various types of philanthropic giving options for individuals, nonprofits, corporations, foundations, and professional advisors. In 2022, they made over $63.8 million in grants from their funds and those of their supporting organizations. The Philadelphia Foundation is an active player in advancing racial equity, addressing gun violence through the Civic Coalition to Save Lives, and investing in the resilience of nonprofit organizations serving the region's most marginalized communities.
Official website here: www.philafound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Philadelphia Foundation has received a high rating of 97% from Charity Navigator, indicating strong performance in accountability and finance. This score reflects a comprehensive evaluation based on their fiscal management practices. The organization demonstrates a commitment to transparency, with all board members being independent and a robust audit and oversight system in place.
Strengths of The Philadelphia Foundation include their exemplary financial ratios, such as a program expense ratio of 91.66%, indicating that a significant portion of their budget is dedicated to their programs rather than administrative costs. They have also ensured effective governance practices, which are reflected in the scoring for conflict of interest, whistleblower, and document retention policies. Additionally, their liabilities to assets ratio is low, suggesting strong financial health.
However, there are some areas for improvement. The foundation scored lower in fundraising efficiency, indicating that their fundraising efforts may not be as effective compared to other organizations. There is also a minor concern regarding their donor privacy policy, which is opt-out rather than opt-in, reflecting a potential gap in privacy practices. Overall, The Philadelphia Foundation stands out for its commitment to accountability, with a strong structure in place to support its charitable activities.
This AI summary has been generated from information found on Charity Navigator.
Is The Philadelphia Foundation legitimate?
The Philadelphia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Philadelphia 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: $729,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,996,732
For more financial information, click here
Official website here: www.philafound.org
What is the mission statement of The Philadelphia Foundation?
The Philadelphia Foundation works to enhance the economic, social, and civic vitality of the community. They grow philanthropic investments, connect individuals and institutions across various sectors and geographies, and advance civic initiatives. The organization deploys philanthropic dollars to the community through grants, scholarships, and programs, with a focus on vulnerable populations and the infrastructure and leadership of organizations serving them. The Philadelphia Foundation acts as a catalyst for strategic giving plans, offering various types of lifetime and legacy giving options for individuals, nonprofits, corporations, foundations, and professional advisors. In 2022, the organization made over $63.8 million in grants to address urgent community needs and played a key role in developing and implementing partnership initiatives to advance racial equity, address gun violence, and invest in the resilience of nonprofit organizations serving marginalized communities.
Official website here: www.philafound.org
Who is the CEO of The Philadelphia Foundation?
Pedro A Ramos is the President & Ceo, Secretary of The Philadelphia Foundation. The CEO's salary of The Philadelphia Foundation is $408,123 and their total compensation is $473,159.
Official website here: www.philafound.org
What is the revenue of The Philadelphia Foundation?
The Philadelphia Foundation's revenue in 2022 was $80,318,312.
Official website here: www.philafound.org
Who are the executives of The Philadelphia Foundation and what are their salaries?
The average compensation at The Philadelphia Foundation during 2022 was $66,490. There are 41 employees and 28 volunteers at The Philadelphia Foundation.
Here are 25 key members and their salaries (The Philadelphia Foundation's CEO's salary is $408,123 and their total compensation is $473,159):
- Compensation: $408,123
- Related: $0
- Other: $65,036
- Compensation: $216,899
- Related: $0
- Other: $63,783
- Compensation: $203,645
- Related: $0
- Other: $52,566
- Compensation: $189,519
- Related: $0
- Other: $14,763
- Compensation: $135,071
- Related: $0
- Other: $36,776
- Compensation: $132,885
- Related: $0
- Other: $1,686
- Compensation: $110,033
- Related: $0
- Other: $31,278
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Official website here: www.philafound.org
Where can I find the form 990 for The Philadelphia Foundation?
The Philadelphia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philafound.org
Learn more at the official website: www.philafound.org
Mission Statement of The Philadelphia Foundation
The Philadelphia Foundation, a community foundation, is dedicated to enhancing the economic, social, and civic vitality of greater Philadelphia. It achieves this mission by growing effective philanthropic investment, connecting individuals and institutions across various sectors and geographies, and advancing civic initiatives. The organization leads and participates in civic and philanthropic partnerships with regional and national funders, as well as local and state organizations. These collaborations bring people together to discuss common good, amplify the voices of those in need, highlight effective solutions, and galvanize collective action to strengthen the community.
The Philadelphia Foundation also deploys philanthropic dollars to the community in the form of grants, scholarships, and programs. Discretionary grants focus on addressing broad community concerns and opportunities, with a particular emphasis on vulnerable populations and the infrastructure and leadership of organizations serving them. Most discretionary grants take the form of unrestricted general operating support. Additionally, the organization serves as the vehicle for philanthropic giving in the community, offering several types of lifetime and legacy giving for individuals, nonprofits, corporations, foundations, and professional advisors. The Philadelphia Foundation partners with community members on their customized strategic giving plans.
In 2022, The Philadelphia Foundation addressed urgent needs across the greater Philadelphia region, making over $63.8 million in grants from its funds and those of its supporting organizations. The organization continued to serve as a key civic leader in developing and implementing partnership initiatives to advance racial equity, address gun violence through the Civic Coalition to Save Lives, and invest in the resilience of nonprofit organizations serving the region's most marginalized communities.
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Impact
October, 2024
The Philadelphia Foundation significantly enhances the economic, social, and civic vitality of the Greater Philadelphia region. By leading civic and philanthropic partnerships with local and national organizations, it fosters dialogue around the common good, amplifying the voices of those in need and galvanizing collaborative efforts to strengthen the community.
In 2022 alone, The Philadelphia Foundation made over $63.8 million in grants, addressing urgent needs throughout the area. These grants often provide unrestricted general operating support to organizations serving vulnerable populations, thereby enhancing their infrastructure and leadership. Additionally, the foundation plays a crucial role in advancing racial equity and tackling pressing issues like gun violence through initiatives like the Civic Coalition to Save Lives.
Furthermore, The Philadelphia Foundation promotes engaged philanthropy by partnering with individuals, corporations, and institutions to create customized strategic giving plans. This engagement not only cultivates effective philanthropic investments but also connects diverse community members across sectors and geographies, fostering a spirit of collaboration essential for community resilience.
This information is meant to be a general summary of The Philadelphia 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: $34,239,365
- Program Service Revenue: $818,234
- Gross Receipts: $87,487,189
Assets and Liabilities:
- Total Assets: $584,384,980
- Total Liabilities: $24,711,186
- Net Assets: $559,673,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOUNDATION ADMIN SERVICES
Revenue
$818,234
Organization Details
Founding Year
1918
Phone
(215) 563-6417Principal Officer
Pedro A Ramos
Main Address
1835 MARKET STREET 2410, PHILADELPHIA, PA, 19103
Website
www.philafound.orgNTEE Category
Code: T310 - Philanthropy
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