Overview
What is Bny Mellon Charitable Gift Fund C/O Bny Mellon Na?
Bny Mellon Charitable Gift Fund CO Bny Mellon Na is a 501(c)(3) organization, headquartered at 201 Washington Street, Ste 024-0062, Boston, MA 02108. The primary mission of this nonprofit is promoting philanthropy by receiving charitable contributions, providing support to encourage charitable giving, pooling resources for investment and administrative purposes, and making grants to organizations dedicated to charitable, scientific, literary, and educational causes. In essence, Bny Mellon Charitable Gift Fund serves as a vital intermediary that facilitates charitable giving by managing donations and distributing them to qualifying charities.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.
The BNY Mellon Charitable Gift Fund has achieved a solid Three-Star rating from Charity Navigator, primarily based on its strong performance in Accountability and Finance. With an overall score of 87%, the organization demonstrates effective governance and financial health, including an independent board and comprehensive oversight measures. The charity has maintained a high program expense ratio of 97.13%, indicating that the majority of its funds are directed toward its programs rather than administrative costs.
Strengths of the organization include its commitment to transparency and ethical standards, evidenced by policies for conflict of interest and whistleblowing, as well as a documented approach to board governance. Additionally, the charity boasts a strong financial structure with no liabilities and a significant working capital ratio, showcasing its capacity to sustain operations over time.
However, the organization shows room for improvement in fundraising efficiency, with a reported ratio of $0.002. This suggests that while the charity is effective in its program delivery, its fundraising efforts may require refinement to enhance overall effectiveness in mobilizing resources.
This AI summary has been generated from information found on Charity Navigator.
Is Bny Mellon Charitable Gift Fund C/O Bny Mellon Na legitimate?
Bny Mellon Charitable Gift Fund C/O Bny Mellon Na is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bny Mellon Charitable Gift Fund C/O Bny Mellon Na 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
What is the mission statement of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na?
The BNY Mellon Charitable Gift Fund is a charitable organization that encourages philanthropy by managing donations and making gifts to qualified charities. It is a 501(c)(3) entity that collects charitable contributions and pools them for investment and administrative purposes. The fund then distributes the funds to organizations dedicated to charitable, scientific, literary, and educational causes. By facilitating charitable giving and investing donations, the BNY Mellon Charitable Gift Fund supports various charities and makes a significant impact in the community.
Who is the CEO of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na?
Carlos Byrne is the Director of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na.
What is the revenue of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na?
Bny Mellon Charitable Gift Fund C/O Bny Mellon Na's revenue in 2022 was $368,613,382.
Who are the executives of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na and what are their salaries?
There 6 volunteers at Bny Mellon Charitable Gift Fund C/O Bny Mellon Na.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bny Mellon Charitable Gift Fund C/O Bny Mellon Na?
Bny Mellon Charitable Gift Fund C/O Bny Mellon Na's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na
BNY MELLON Charitable Gift Fund CO Bny Mellon Na is a 501(c)(3) organization that champions philanthropy by serving as a conduit for charitable donations. This charitable entity encourages the giving of funds to deserving charities by receiving contributions, offering support to facilitate charitable giving, pooling these contributions for investment management and administrative purposes, and ultimately making grants to organizations dedicated to charitable, scientific, literary, and educational causes. In essence, BNY MELLON Charitable Gift Fund CO Bny Mellon Na acts as a bridge between donors and charities, streamlining the process of making meaningful contributions to the causes that matter most. By pooling resources, the organization enhances the impact of individual donations, enabling them to make a larger collective difference in the lives of those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
BNY Mellon Charitable Gift Fund C/O BNY Mellon NA plays a significant role in promoting philanthropy by facilitating charitable contributions to qualified charities. By receiving these contributions, the fund helps to encourage and streamline the process of giving, allowing donors to pool their resources for greater impact.
The fund also focuses on strategic investment management and administrative efficiency, ensuring that the contributions can grow over time before being distributed. This approach enables BNY Mellon Charitable Gift Fund to make meaningful gifts to a wide range of organizations dedicated to charitable, scientific, literary, and educational purposes.
Through its efforts, the fund not only supports various causes but also fosters a culture of giving, helping to enhance the overall philanthropic landscape. Its activities contribute to the funding of important initiatives and programs across multiple sectors, thus making a substantial impact on communities and causes in need.
This information is meant to be a general summary of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na. 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: $148,045,881
- Gross Receipts: $741,243,574
Assets and Liabilities:
- Total Assets: $482,326,887
- Total Liabilities: $0
- Net Assets: $482,326,887
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(617) 722-7191Principal Officer
Carlos Byrne
Main Address
201 WASHINGTON STREET STE 024-0062, BOSTON, MA, 02108
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Bny Mellon Charitable Gift Fund C/O Bny Mellon Na and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.