Overview
What is The Will Group Foundation Inc?
The Will Group Foundation Inc, based in Frederick County, Maryland, is a charitable organization that prioritizes making donations to entities catering to the community's needs. This foundation seeks to uphold donors' legacies by distributing funds in a responsible manner, with a special focus on Frederick County and its vicinity. Their mission is to fund organizations that can effectively address and alleviate community concerns, ensuring that their philanthropic efforts contribute positively to the local population.
Official website here: www.thewillgroupfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating. This score reflects a strong emphasis on Accountability & Finance, where The Will Group Foundation Inc has demonstrated solid performance. The charity scored particularly well in areas such as having a fully independent board and a commendable program expense ratio, indicating that nearly all of its resources are directed towards its programs.
However, there are some limitations worth noting. The organization lacks a whistleblower policy and a document retention and destruction policy, which are important for transparency and governance. Additionally, the tax form is not posted on the nonprofit's website, which may raise concerns about accessibility of information for potential donors.
Overall, while The Will Group Foundation Inc has strengths in financial management and governance, addressing the noted policy gaps could enhance its accountability and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Will Group Foundation Inc legitimate?
The Will Group Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Will Group Foundation Inc 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.thewillgroupfoundation.org
What is the mission statement of The Will Group Foundation Inc?
The Will Group Foundation's mission is centered around preserving donors' legacies. It achieves this by responsibly distributing funds to organizations that cater to community needs, demonstrating a preference for Frederick County and its surrounding areas. The foundation's primary goal is to support organizations that address community requirements, thereby contributing to the betterment of the communities they serve.
Official website here: www.thewillgroupfoundation.org
What is the revenue of The Will Group Foundation Inc?
The Will Group Foundation Inc's revenue in 2023 was $96,944.
Official website here: www.thewillgroupfoundation.org
Who are the executives of The Will Group Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.thewillgroupfoundation.org
Where can I find the form 990 for The Will Group Foundation Inc?
The Will Group Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thewillgroupfoundation.org
Learn more at the official website: www.thewillgroupfoundation.org
Mission Statement of The Will Group Foundation Inc
The Will Group Foundation, a philanthropic organization, is committed to honoring donor legacies by making thoughtful donations to institutions that cater to community needs. With a particular focus on Frederick County and its surrounding areas, this foundation prioritizes supporting organizations that align with its mission. The Will Group Foundation's primary goal is to contribute responsibly to community-focused initiatives, thereby fostering a positive impact on the lives of local residents.
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Impact
August, 2024
The Will Group Foundation Inc's impact lies in its commitment to fostering donor legacy and responsibly giving to organizations that support community needs, with a preference for Frederick County, MD, and the surrounding area. By funding organizations that address the needs of the Frederick County community, The Will Group Foundation is making a tangible difference in the lives of residents, particularly in the realm of education.
This information is meant to be a general summary of The Will Group Foundation Inc. 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 2023.
- Investment Income: $41,749
- Gross Receipts: $96,944
Assets and Liabilities:
- Total Assets: $761,685
- Total Liabilities: $0
- Net Assets: $761,685
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Organization Details
Founding Year
2001
Principal Officer
Beth Strakonsky
NTEE Category
Code: B82 - Education
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