Overview
What is Bethel University Foundation?
The Bethel University Foundation, situated in St. Paul, Minnesota, serves as a vital support system for Bethel University. Its primary role is to bolster the university's financial stability by promoting endowment growth, facilitating major non-cash gifts, and encouraging significant donations through its deferred gift program. Additionally, the foundation offers accounting and management services for Bethel's long-term investments. In essence, Bethel University Foundation assists donors in planning their charitable giving and manages the donated funds on behalf of the university, ensuring financial management of endowment and trust accounts for Bethel University and its constituents.
Official website here: www.bethel.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%
The Bethel University Foundation has received a Four-Star out of Four Star rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The overall score is derived entirely from the accountability and finance metrics, showcasing the foundation's commitment to transparency and responsible management of resources.
The organization displays a commendable level of independence with 94% of its board members being independent, which is a significant strength. Additionally, it has excelled in areas such as oversight and audit processes, with no reported material diversion of assets. The foundation has robust policies in place, including those for conflict of interest and whistleblower protection, which further supports its credibility.
Despite its strengths, the foundation's program expense ratio, while decent at 76.64%, leaves room for improvement compared to its highly efficient financial practices in other areas. Overall, the Bethel University Foundation demonstrates strong accountability and a solid financial foundation, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Bethel University Foundation legitimate?
Bethel University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethel 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.bethel.edu
What is the mission statement of Bethel University Foundation?
The Bethel University Foundation's mission is centered around providing financial management for endowment and trust accounts associated with Bethel University and its constituents. In essence, its role is to strengthen Bethel University financially by fostering endowment growth, facilitating major non-cash gifts, and encouraging significant donations through its deferred gift program. Additionally, the foundation offers accounting and management services for Bethel University's long-term investments.
Official website here: www.bethel.edu
What is the revenue of Bethel University Foundation?
Bethel University Foundation's revenue in 2024 was $2,208,040.
Official website here: www.bethel.edu
Who are the executives of Bethel University Foundation and what are their salaries?
There 17 volunteers at Bethel University Foundation.
Here are 18 key members and their salaries:
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- Other: $27,994
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- Related: $123,028
- Other: $12,391
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- Related: $86,595
- Other: $17,139
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- Related: $53,983
- Other: $10,780
Official website here: www.bethel.edu
Where can I find the form 990 for Bethel University Foundation?
Bethel University Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bethel.edu
Learn more at the official website: www.bethel.edu
Mission Statement of Bethel University Foundation
Bethel University Foundation's mission revolves around providing financial management services for Bethel University and its constituents, specifically focusing on endowment and trust accounts. The primary objective of this foundation is to enhance Bethel University's financial strength by supporting endowment growth, facilitating major non-cash gifts, and encouraging major gifts through its deferred gift program. Furthermore, the foundation offers accounting and management services for Bethel's long-term investments, playing a crucial role in ensuring the university's financial stability and growth. By fulfilling these responsibilities, Bethel University Foundation significantly contributes to Bethel University's overall financial well-being.
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Impact
July, 2024
Bethel University Foundation's impact lies in enhancing the financial strength of Bethel University through supporting endowment growth, facilitating major noncash gifts, and encouraging major gifts through its deferred gift program. Additionally, the foundation provides accounting and management services to Bethel for its long-term investments. This support helps Bethel University to maintain and grow its endowment and trust accounts to further its mission of providing quality education.
This information is meant to be a general summary of Bethel 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 2024.
- Investment Income: $123,961
- Gross Receipts: $2,578,639
Assets and Liabilities:
- Total Assets: $18,915,985
- Total Liabilities: $8,067,860
- Net Assets: $10,848,125
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Organization Details
Founding Year
1971
Principal Officer
Angella J Hjelle
Website
www.bethel.eduNTEE Category
Code: B114 - Education
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