Overview
What is The Columbia Foundation?
The Columbia Foundation is a community-focused nonprofit organization, situated in Chevy Chase, Maryland. Established with input from Columbia Country Club members, its primary role is to grant funds to local non-profits offering essential services in chosen focus areas. The organization's philanthropic purposes are aimed at supporting the Washington D.C. community and the employees of the club. With a mission to promote the power of community, The Columbia Foundation invests in local charities, supports club employees, and preserves Columbia's historical legacy for future generations. Its Community Impact Fund (CIF) program is specifically designed to grant funds to local non-profits offering needs-based services.
Official website here: www.thecolumbia.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating
The Columbia Foundation has achieved an 83% rating from Charity Navigator, reflecting a solid commitment to accountability and finance. This score is derived entirely from its Accountability & Finance metrics, indicating a strong performance in managing its resources responsibly. The foundation boasts an independent board with all members being independent, which highlights its governance stability.
The evaluation reveals that The Columbia Foundation has no issues with the diversion of assets and shows excellent program expense efficiency, with nearly 89% of its expenses directed towards its programs. The organization has also established effective policies, such as a conflict of interest policy and transparent documentation of board minutes.
However, there are areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy. Addressing these gaps would enhance the foundation’s overall governance framework and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Columbia Foundation legitimate?
The Columbia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Columbia 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:
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Official website here: www.thecolumbia.foundation
What is the mission statement of The Columbia Foundation?
The Columbia Foundation's mission is centered around promoting the power of community. They accomplish this by investing in local charities, supporting the employees of a specific club, and preserving the historical legacy of Columbia for future generations. The organization's activities extend to granting funds through the Community Impact Fund, a program aimed at supporting local non-profit organizations that offer needs-based services in focus areas determined with input from club members.
Official website here: www.thecolumbia.foundation
What is the revenue of The Columbia Foundation?
The Columbia Foundation's revenue in 2023 was $91,423.
Official website here: www.thecolumbia.foundation
Who are the executives of The Columbia Foundation and what are their salaries?
There 14 volunteers at The Columbia Foundation.
Here are 14 key members and their salaries:
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Official website here: www.thecolumbia.foundation
Where can I find the form 990 for The Columbia Foundation?
The Columbia Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecolumbia.foundation
Learn more at the official website: www.thecolumbia.foundation
Mission Statement of The Columbia Foundation
The Columbia Foundation, a philanthropic organization, champions the potency of community by investing in local charities, bolstering the well-being of its club employees, and safeguarding Columbia's historical legacy for future generations. By promoting community impact, The Columbia Foundation aligns its mission with the preferences of its members, directing its Community Impact Fund (CIF) grants towards non-profit organizations that deliver needs-based services in chosen focus areas. These focus areas cater to the community's most pressing needs, ensuring that the foundation's investments bring about meaningful change. Through its various initiatives, The Columbia Foundation plays an instrumental role in fostering a stronger, more resilient community.
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Impact
August, 2024
The Columbia Foundation's impact is centered around supporting the Washington DC community and employees of the Club through its philanthropic endeavors. The Community Impact Fund (CIF), a program initiated by The Columbia Foundation, aims to provide grants to local community non-profits that offer needs-based services in specific focus areas determined with input from Columbia Country Club members. By investing in local charities, supporting club employees, and preserving Columbia's historical legacy for future generations, The Columbia Foundation promotes the power of community, with a particular focus on education.
This information is meant to be a general summary of The Columbia 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 2023.
- Investment Income: $23,669
- Gross Receipts: $127,782
Assets and Liabilities:
- Total Assets: $745,759
- Total Liabilities: $0
- Net Assets: $745,759
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Organization Details
Founding Year
1996
Principal Officer
Frank Cantrel Jr
Website
www.thecolumbia.foundationNTEE Category
Code: B82 - Education
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