Overview
What is Will Family Trust?
The Will Family Trust, situated in Lebanon, Ohio, serves as a foundation or grantmaking organization. Its primary role is to offer financial aid to charitable organizations, as outlined in its governing document. The Trust is dedicated to supporting these organizations financially, contributing to their ongoing missions and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Will Family Trust has received a two-star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the organization excels in accountability and finance, achieving a perfect score of 100%, it lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for transparency and governance.
The nonprofit demonstrates strong financial health with a program expense ratio of approximately 72%, meaning a significant portion of its funds is directed towards its programs. This positive aspect is complemented by an excellent liability-to-assets ratio of 0%, reflecting solid financial stability. However, the absence of key governance documents raises concerns about the organization's commitment to best practices.
Overall, while the Will Family Trust shows commendable financial management and an independent board structure, it must address its missing policies and transparency issues to improve its rating and strengthen stakeholder confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Will Family Trust legitimate?
Will Family Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Will Family Trust 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: $18,794
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Will Family Trust?
The Will Family Trust is a philanthropic organization that focuses on providing financial aid to charitable organizations, as outlined in its governing document. Its mission is centered around providing monetary support to these specified charities, aiming to contribute to their various causes and initiatives. The Trust does not engage in direct activities or initiatives but rather channels its resources to the listed charitable organizations. Its mission is a testament to its commitment to supporting the causes advocated by these organizations.
Who is the CEO of Will Family Trust?
Unavailable
What is the revenue of Will Family Trust?
Will Family Trust's revenue in 2023 was $102,160.
Who are the executives of Will Family Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $18,794
- Related: $0
- Other: $0
Where can I find the form 990 for Will Family Trust?
Will Family Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Will Family Trust
The Will Family Trust, as a grantmaking organization, is committed to providing financial assistance to charitable organizations. This commitment is outlined in the governing document that establishes the Trust's operations. The primary objective of the Will Family Trust is to extend financial support to these charitable organizations, which have been specifically identified and listed within the Trust's governing document. This mission is aimed at contributing to the causes and initiatives that these charitable organizations are engaged in, thereby making a positive impact in various communities and sectors.
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Impact
October, 2024
Will Family Trust significantly influences the community by providing essential financial support to various charitable organizations as outlined in its governing document. Based in Lebanon, OH, the Trust channels funds to initiatives that align with its mission, thereby bolstering philanthropic efforts within the region. This support helps to strengthen local nonprofit organizations, enabling them to expand their services, reach more individuals in need, and implement impactful programs. Through targeted financial assistance, Will Family Trust plays a crucial role in enhancing the welfare of the community and fostering a culture of giving and social responsibility.
This information is meant to be a general summary of Will Family Trust. 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: $102,160
- Gross Receipts: $1,003,909
Assets and Liabilities:
- Total Assets: $2,949,541
- Total Liabilities: $0
- Net Assets: $2,949,541
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Organization Details
Founding Year
1981
Phone
(513) 932-1414Main Address
PO BOX 59, LEBANON, OH, 45036
NTEE Category
Code: T90Z - Philanthropy
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