Overview
What is The Greater Cincinnati Foundation?
The Greater Cincinnati Foundation is a philanthropic organization located at 720 E Pete Rose Way 120, Cincinnati, OH 45202. With a team of 56 employees, they offer Donor Advised Funds, enabling donors to recommend grants to their preferred nonprofit organizations over time. The Foundation boasts around 1,101 such funds, collectively valued at over $354 million. By providing this flexible vehicle, The Greater Cincinnati Foundation empowers donors to achieve their individual charitable objectives. As a trusted partner, their mission is to inspire current and future generations to invest in a more vibrant and prosperous Greater Cincinnati, where everyone can thrive.
Official website here: www.gcfdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Greater Cincinnati Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 99 in this category, the foundation demonstrates a high level of transparency and responsible financial management. Noteworthy aspects include a fully independent board and excellent audit and oversight practices, which contribute to the organization’s overall reliability.
The foundation excels in several financial metrics, including a program expense ratio of 94.49%, indicating that a significant portion of its resources is directed towards programmatic efforts rather than administrative costs. Additionally, its fundraising efficiency is commendable, with a minimal cost per dollar raised. These strengths suggest that the foundation is effective in utilizing contributions to maximize impact.
However, a limitation identified is the absence of a donor privacy policy on its website, which could raise concerns for potential donors regarding the safeguarding of their information. Despite this minor issue, the overall rating and performance indicate that The Greater Cincinnati Foundation is a well-managed nonprofit with a strong commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Greater Cincinnati Foundation legitimate?
The Greater Cincinnati Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Greater Cincinnati 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: $1,345,349
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,841,794
For more financial information, click here
Official website here: www.gcfdn.org
What is the mission statement of The Greater Cincinnati Foundation?
The Greater Cincinnati Foundation serves as a trusted philanthropic partner, inspiring current and future generations to invest in a more vibrant and prosperous community where everyone can thrive. Through donor advised funds, the organization provides donors with the flexibility to recommend grants to nonprofits of their choice over time. With over 1,100 donor advised funds and a combined market value of over $354 million, the foundation encourages philanthropy and helps donors achieve their individual charitable objectives. The Greater Cincinnati Foundation welcomes opportunities to partner with those who want to be actively involved in grantmaking.
Official website here: www.gcfdn.org
Who is the CEO of The Greater Cincinnati Foundation?
Matthew Randazzo is the Board Immediate Past Chair of The Greater Cincinnati Foundation. The CEO's salary of The Greater Cincinnati Foundation is $495,247 and their total compensation is $547,956.
Official website here: www.gcfdn.org
What is the revenue of The Greater Cincinnati Foundation?
The Greater Cincinnati Foundation's revenue in 2022 was $105,394,343.
Official website here: www.gcfdn.org
Who are the executives of The Greater Cincinnati Foundation and what are their salaries?
The average compensation at The Greater Cincinnati Foundation during 2022 was $92,628. There are 56 employees and 353 volunteers at The Greater Cincinnati Foundation.
Here are 29 key members and their salaries (The Greater Cincinnati Foundation's CEO's salary is $495,247 and their total compensation is $547,956):
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- Compensation: $495,247
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- Compensation: $146,070
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- Other: $36,386
- Compensation: $141,177
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- Other: $36,236
- Compensation: $132,965
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- Other: $32,371
- Compensation: $170,515
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- Other: $23,014
Official website here: www.gcfdn.org
Where can I find the form 990 for The Greater Cincinnati Foundation?
The Greater Cincinnati Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gcfdn.org
Learn more at the official website: www.gcfdn.org
Mission Statement of The Greater Cincinnati Foundation
The Greater Cincinnati Foundation, a trusted philanthropic partner, inspires current and future generations to invest in a more vibrant and prosperous community where everyone can thrive. By offering donor-advised funds, this organization empowers donors to recommend grants to nonprofit organizations of their choice over time. With approximately 1,101 donor-advised funds and a combined market value exceeding $354 million, The Greater Cincinnati Foundation provides a flexible vehicle for donors to achieve their individual charitable objectives. The foundation welcomes the opportunity to collaborate with individuals who are actively involved in grantmaking.
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Impact
October, 2024
The Greater Cincinnati Foundation has a significant impact on the community by fostering a culture of philanthropy and empowering individuals to make meaningful contributions. With approximately 1,101 donor-advised funds holding over $354 million in combined market value, the foundation serves as a catalyst for charitable giving, enabling donors to recommend grants to organizations that resonate with their personal values and objectives.
Through its donor-advised grantmaking model, The Greater Cincinnati Foundation encourages active participation in the philanthropic process, allowing individuals to engage with their communities in a profound way. This approach not only amplifies financial resources for various causes but also inspires current and future generations to invest in a Greater Cincinnati that is vibrant and prosperous, ensuring that everyone has the opportunity to thrive. By fostering these relationships and supporting diverse initiatives, the foundation plays a crucial role in enhancing the social fabric and overall well-being of the region.
This information is meant to be a general summary of The Greater Cincinnati 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: $17,192,829
- Gross Receipts: $271,625,156
Assets and Liabilities:
- Total Assets: $820,405,582
- Total Liabilities: $13,269,439
- Net Assets: $807,136,143
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Organization Details
Founding Year
1963
Phone
(513) 241-2880Principal Officer
Matthew Randazzo
Main Address
720 E PETE ROSE WAY 120, CINCINNATI, OH, 45202
Website
www.gcfdn.orgNTEE Category
Code: T310 - Philanthropy
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