Overview
What is The Mary Louise Curtis Bok Foundation?
The Mary Louise Curtis Bok Foundation is a charitable organization located in Philadelphia, Pennsylvania, with the address 1726 Locust Street, 19103. Established for charitable, scientific, and educational purposes, the foundation primarily focuses on supporting music and music education. It exclusively channels its funds towards The Curtis Institute of Music, a tuition-free music school that annually educates around 150 students. The foundation's dedication to its mission led it to commit all its investment portfolio earnings to Curtis Institute in 2017.
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The Mary Louise Curtis Bok Foundation has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. With a perfect score in several key areas, including the independence of its board members and financial oversight, the foundation demonstrates robust governance practices. The program expense ratio of 85.64% indicates that a significant portion of its expenses is directed toward its mission-related activities.
The foundation's fiscal management is further underscored by a low liabilities to assets ratio of 0.27%, showing financial stability and effective resource management. Additionally, the presence of established policies regarding conflict of interest, whistleblower protections, and document retention aligns with best practices in nonprofit governance.
While the foundation excels in accountability and finance, the summary does not provide insights into its specific programs or outcomes, which may be of interest to potential donors or stakeholders. Overall, the strong operational metrics highlight the foundation's commitment to transparency and effectiveness in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Mary Louise Curtis Bok Foundation legitimate?
The Mary Louise Curtis Bok Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mary Louise Curtis Bok 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:
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What is the mission statement of The Mary Louise Curtis Bok Foundation?
The Mary Louise Curtis Bok Foundation is dedicated to charitable, scientific, and educational pursuits, with a focus on supporting music and music education. Established for this purpose, the foundation generously contributes to various initiatives in this field. Among its primary commitments is the sponsorship of the Curtis Institute of Music, a tuition-free music school that annually educates around 150 students. In 2017 and beyond, the foundation has pledged to allocate all earnings from its investment portfolio towards the Curtis Institute. The foundation's unwavering commitment to music and music education drives its efforts to enrich artistic and educational opportunities for countless individuals.
Who is the CEO of The Mary Louise Curtis Bok Foundation?
Bayard Fiechter is the President of The Mary Louise Curtis Bok Foundation.
What is the revenue of The Mary Louise Curtis Bok Foundation?
The Mary Louise Curtis Bok Foundation's revenue in 2022 was $12,712,681.
Who are the executives of The Mary Louise Curtis Bok Foundation and what are their salaries?
There 9 volunteers at The Mary Louise Curtis Bok Foundation.
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Where can I find the form 990 for The Mary Louise Curtis Bok Foundation?
The Mary Louise Curtis Bok Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Mary Louise Curtis Bok Foundation
The Mary Louise Curtis Bok Foundation, a charitable organization founded with the primary focus on scientific, educational, and philanthropic pursuits, has a special dedication to the support of music and music education. Established to make a difference, the Foundation channels the earnings from its investment portfolio towards furthering this cause. In particular, it has committed to providing unwavering financial assistance to the Curtis Institute of Music, a renowned tuition-free music school situated in Philadelphia, PA.
The Curtis Institute of Music, a recipient of The Mary Louise Curtis Bok Foundation's generosity, nurtures about 150 students annually, offering them a world-class education in music. The Foundation's enduring commitment to the school ensures the continuation of its tuition-free model, providing opportunities for aspiring musicians who might not otherwise have access to such educational resources. Through its unwavering support, The Mary Louise Curtis Bok Foundation plays an instrumental role in shaping the future of music and inspiring the next generation of talented musicians.
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Impact
October, 2024
The Mary Louise Curtis Bok Foundation significantly contributes to the landscape of music education by supporting the Curtis Institute of Music, a prestigious institution known for its commitment to providing a tuition-free education for talented musicians. Annually, the foundation plays a crucial role in enabling approximately 150 students to pursue their musical aspirations without the burden of tuition costs. By dedicating all earnings from its investment portfolio to this cause, the foundation not only enhances the accessibility of high-quality music education but also fosters the development of future generations of musicians. Its focused mission on charitable, scientific, and educational purposes reinforces the importance of arts in society, ensuring that exceptional musical talent can thrive without financial barriers.
This information is meant to be a general summary of The Mary Louise Curtis Bok 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: $12,712,681
- Gross Receipts: $41,628,061
Assets and Liabilities:
- Total Assets: $100,159,634
- Total Liabilities: $45,041
- Net Assets: $100,114,593
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Organization Details
Founding Year
1932
Phone
(215) 893-5252Principal Officer
Bayard Fiechter
Main Address
1726 LOCUST STREET, PHILADELPHIA, PA, 19103
NTEE Category
Code: A110 - Arts
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