Overview
What is Sheng-Yen Lu Foundation?
Sheng-Yen Lu Foundation is a philanthropic organization, headquartered in Redmond, Washington, with a mission to enhance quality health and education for all. They channel their compassion and philanthropy through strategic grant-making, scholarships, and disaster relief aid. Their primary focus is on addressing the emerging challenges faced by immigrant and refugee communities. To accomplish this, they operate two funds: the Emergent Needs Fund and the Rapid Response Fund. The Emergent Needs Fund supports 26 community-based organizations addressing basic needs, legal representation, immigrant rights advocacy, and trusted advocate programs. Meanwhile, the Rapid Response Fund provides critical time-sensitive aid for urgent situations, such as assisting newly arrived Afghan refugees or addressing unanticipated equipment and security needs. The foundation employs a team of two dedicated individuals to carry out its mission.
Official website here: www.sylfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Sheng-Yen Lu Foundation received an 85% rating from Charity Navigator, which translates to a Three-Star rating. This score is a reflection of the organization’s strong performance in accountability and finance. The foundation demonstrates a high level of transparency and adherence to best practices, particularly with a perfect score in areas such as independent board member representation and conflict of interest policies.
The organization excels in its financial health, boasting a program expense ratio of 94.77%, indicating that a significant majority of its spending directly supports its mission. Additionally, the foundation has a remarkably low liabilities-to-assets ratio of 0.03%, suggesting that it is effectively managing its financial responsibilities. The presence of all essential governance policies on its website further enhances its credibility and accountability.
While the overall rating is commendable, it is worth noting that the score is derived entirely from the Accountability & Finance beacon. This singular focus may limit the visibility of other aspects, such as impact and program effectiveness, which are not assessed in this rating. Nonetheless, the Sheng-Yen Lu Foundation appears to operate with integrity and efficiency in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sheng-Yen Lu Foundation legitimate?
Sheng-Yen Lu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sheng-Yen Lu 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: $75,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,887
For more financial information, click here
Official website here: www.sylfoundation.org
What is the mission statement of Sheng-Yen Lu Foundation?
The Sheng-Yen Lu Foundation's mission is centered around promoting and enhancing quality health and education for all. It achieves this by combining compassion, philanthropy, and strategic grant-making. The foundation provides scholarships and makes grants for disaster relief and recovery, demonstrating its commitment to various community needs. In response to the emerging challenges faced by immigrant and refugee communities, the foundation operates two funds. The Emergent Needs Fund supports organizations that provide basic needs support, legal assistance, immigrant rights advocacy, and trusted advocate/community navigator programs. Additionally, the Rapid Response Fund addresses critical time-sensitive needs, such as assistance for newly arriving refugees and unanticipated equipment and security needs.
Official website here: www.sylfoundation.org
Who is the CEO of Sheng-Yen Lu Foundation?
Fo-Ching Lu is the President of Sheng-Yen Lu Foundation.
Official website here: www.sylfoundation.org
What is the revenue of Sheng-Yen Lu Foundation?
Sheng-Yen Lu Foundation's revenue in 2022 was $1,887,190.
Official website here: www.sylfoundation.org
Who are the executives of Sheng-Yen Lu Foundation and what are their salaries?
The average compensation at Sheng-Yen Lu Foundation during 2022 was $50,558. There are 2 employees and 10 volunteers at Sheng-Yen Lu Foundation.
Here are 8 key members and their salaries:
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- Compensation: $75,229
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Official website here: www.sylfoundation.org
Where can I find the form 990 for Sheng-Yen Lu Foundation?
Sheng-Yen Lu Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sylfoundation.org
Learn more at the official website: www.sylfoundation.org
Mission Statement of Sheng-Yen Lu Foundation
The Sheng-Yen Lu Foundation is devoted to promoting and enhancing the quality of health and education for all. This mission is achieved through a blend of compassion, philanthropy, and strategic grant-making. The organization presents scholarships and grants for disaster relief and recovery, demonstrating its commitment to supporting various causes.
In addition to its primary mission, the foundation addresses the emerging challenges faced by immigrant and refugee communities. Two funds are established to address these challenges: the Emergent Needs Fund and the Rapid Response Fund. The Emergent Needs Fund supports 26 community-based organizations, providing essential services such as food, housing, income security, legal representation, immigrant rights advocacy, and trusted advocate/community navigator programs. Furthermore, the Rapid Response Fund provides critical time-sensitive grants to address urgent needs, such as assistance for newly arriving Afghan refugees and unanticipated equipment and security needs. The Sheng-Yen Lu Foundation's dedication to health, education, and supporting vulnerable communities is evident in its diverse grant-making and advocacy initiatives.
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Impact
October, 2024
The Sheng-Yen Lu Foundation has made a significant impact in promoting quality health and education, particularly within immigrant and refugee communities. By operating two dedicated funds, the foundation has responded to pressing needs and challenges faced by these populations. The Emergent Needs Fund has supported 26 community-based organizations that provide essential services, including basic needs support like food, housing, and income security, as well as legal representation, immigrant rights advocacy, and community navigator programs.
Additionally, the Rapid Response Fund has addressed urgent, time-sensitive requirements, such as assistance for newly arriving Afghan refugees and unforeseen equipment or security needs. This proactive approach not only helps to alleviate immediate challenges but also fosters advocacy and education efforts aimed at combating racism and supporting immigrant rights.
Through strategic grant-making and compassionate initiatives, the foundation has effectively combined philanthropy with meaningful action, making strides toward a more equitable society where health and education resources are accessible to all.
This information is meant to be a general summary of Sheng-Yen Lu 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: $120,036
- Gross Receipts: $5,811,202
Assets and Liabilities:
- Total Assets: $10,801,811
- Total Liabilities: $4,000
- Net Assets: $10,797,811
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Organization Details
Founding Year
2008
Phone
(425) 883-3500Principal Officer
Fo-Ching Lu
Main Address
17102 NE 40TH CT, REDMOND, WA, 98052
Website
www.sylfoundation.orgNTEE Category
Code: X50 - Religion related
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