Overview
What is First Midwest Charitable Trust Xxx-Xx-Xxxx?
First Midwest Charitable Trust Xxx-Xx-Xxxx is a not-for-profit organization, situated in Evansville, Indiana. Their main objective is to boost charitable contributions by offering beneficial methods for making long-term donations. The organization functions as a sponsoring body for Donor Advised Funds, enabling individuals to manage their charitable giving. Their activities primarily involve supporting various charities and offering college scholarships. By acting as a sponsor, First Midwest Charitable Trust Xxx-Xx-Xxxx aims to facilitate charitable giving and make lasting contributions to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
First Midwest Charitable Trust has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's score is based entirely on its accountability and finance beacon, which reflects its transparency and financial health. With a score of 79%, it demonstrates a strong commitment to responsible financial management.
The organization excels in various areas, including having a fully independent board, with all members meeting the standard for independence. Additionally, there are no material diversions of assets, and the charity has implemented essential policies such as conflict of interest and whistleblower policies. A very high program expense ratio of 95.83% indicates that the majority of its funds are directed towards its programs, which is a positive sign for potential donors.
However, while the overall score is commendable, it is important to note that the rating is derived solely from the accountability and finance component. This focus may not provide a full picture of the organization's overall effectiveness or impact in its mission area, which potential donors might want to consider when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is First Midwest Charitable Trust Xxx-Xx-Xxxx legitimate?
First Midwest Charitable Trust Xxx-Xx-Xxxx is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Midwest Charitable Trust Xxx-Xx-Xxxx 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: $95,089
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of First Midwest Charitable Trust Xxx-Xx-Xxxx?
The First Midwest Charitable Trust, identified by the code Xxx-Xx-Xxxx, is committed to boosting charitable contributions by offering beneficial methods for making lasting gifts. Its primary focus is to serve as a sponsoring organization for Donor-Advised Funds. The mission of this trust is to facilitate charitable giving, providing a platform that allows individuals to make significant and lasting contributions to various charities and organizations, as well as supporting individual college scholarships.
Who is the CEO of First Midwest Charitable Trust Xxx-Xx-Xxxx?
Old National Wealth Mgmt is the Principal Officer of First Midwest Charitable Trust Xxx-Xx-Xxxx.
What is the revenue of First Midwest Charitable Trust Xxx-Xx-Xxxx?
First Midwest Charitable Trust Xxx-Xx-Xxxx's revenue in 2022 was $551,093.
Who are the executives of First Midwest Charitable Trust Xxx-Xx-Xxxx and what are their salaries?
There 3 volunteers at First Midwest Charitable Trust Xxx-Xx-Xxxx.
There is 1 key member and their salary:
- Compensation: $95,089
- Related: $0
- Other: $0
Where can I find the form 990 for First Midwest Charitable Trust Xxx-Xx-Xxxx?
First Midwest Charitable Trust Xxx-Xx-Xxxx's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of First Midwest Charitable Trust Xxx-Xx-Xxxx
The First Midwest Charitable Trust, identified by its unique code Xxx-Xx-Xxxx, is committed to fostering charitable giving in a sustainable manner. Its mission lies in providing beneficial strategies for making lasting gifts. The trust serves as a sponsoring organization for Donor Advised Funds, with a primary focus on this particular area. By doing so, the First Midwest Charitable Trust aims to amplify the impact of charitable donations, thereby contributing to various charities and supporting individual college scholarships.
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Impact
July, 2024
First Midwest Charitable Trust Xxx-Xx-Xxxx's impact can be seen in its dedication to increasing charitable giving by providing advantageous ways to make lasting gifts. As a sponsoring organization for donor-advised funds, the Trust facilitates support for various charities and individual college scholarships. Its focus on philanthropy in Evansville, IN, underscores its commitment to fostering a culture of generosity and giving for the betterment of the community and beyond.
This information is meant to be a general summary of First Midwest Charitable Trust Xxx-Xx-Xxxx. 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: -$832,600
- Gross Receipts: $10,449,534
Assets and Liabilities:
- Total Assets: $11,815,649
- Total Liabilities: $0
- Net Assets: $11,815,649
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Organization Details
Founding Year
2008
Phone
(800) 830-0362Principal Officer
Old National Wealth Mgmt
Main Address
P O BOX 207, EVANSVILLE, IN, 477020207
NTEE Category
Code: T31 - Philanthropy
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