Overview
What is Legacy Endowment The Community Foundation?
Legacy Endowment The Community Foundation is a nonprofit organization based in Bonsall, California. With a strong commitment to improving the quality of life in the Fallbrook and broader San Diego area, the foundation manages various endowments, donor-advised funds, special projects, and pass-through funds. Through these resources, it supports local charities in sectors such as arts and culture, education, health and human services, medical research, senior causes, and programs for the disabled. The foundation leverages its understanding of the community's needs to connect donors with suitable non-profit organizations, thereby facilitating philanthropy for families, individuals, and nonprofits.
Official website here: www.legacyendowment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
Legacy Endowment The Community Foundation has earned a commendable Three-Star rating from Charity Navigator, reflecting a solid overall performance. With an Accountability & Finance score of 81 and a high Culture & Community score of 85, the organization demonstrates a commitment to responsible financial management and strong community engagement. Notably, it boasts a 100% independent board and no material diversion of assets, which enhances its credibility and transparency.
The nonprofit exhibits exceptional leadership and adaptability, with perfect scores in these areas. Its well-defined policies, including conflict of interest and material diversion of assets, further strengthen its governance framework. Moreover, the organization actively collects and utilizes feedback to improve its programs, showcasing a dedication to continuous improvement and community involvement.
However, there are areas where the organization can enhance its performance, particularly in equity strategies, where it scored 77 out of 100. While its program expense ratio stands at a healthy 78.73%, the foundation could benefit from developing clearer strategic initiatives. Overall, Legacy Endowment demonstrates a strong commitment to its mission and effective management practices, although there is room for growth in certain areas.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Endowment The Community Foundation legitimate?
Legacy Endowment The Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Endowment The Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $96,818
For more financial information, click here
Official website here: www.legacyendowment.org
What is the mission statement of Legacy Endowment The Community Foundation?
The Legacy Endowment The Community Foundation's mission is to enhance and preserve a higher quality of life for communities by facilitating philanthropy for families, individuals, and non-profit organizations. The foundation achieves this by making grants from various endowments, donor-advised funds, special projects, and pass-through funds it manages. The organization is committed to improving the quality of life in its community, focusing on areas such as arts/culture, education/training, health & human services, medical research, senior causes, and programs for the disabled. It has a deep understanding of the community's needs and can connect donors with non-profit organizations that can meet those needs.
Official website here: www.legacyendowment.org
Who is the CEO of Legacy Endowment The Community Foundation?
Rachel Mason is the President of Legacy Endowment The Community Foundation.
Official website here: www.legacyendowment.org
What is the revenue of Legacy Endowment The Community Foundation?
Legacy Endowment The Community Foundation's revenue in 2022 was $668,884.
Official website here: www.legacyendowment.org
Who are the executives of Legacy Endowment The Community Foundation and what are their salaries?
The average compensation at Legacy Endowment The Community Foundation during 2022 was $48,409. There are 2 employees at Legacy Endowment The Community Foundation.
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Official website here: www.legacyendowment.org
Where can I find the form 990 for Legacy Endowment The Community Foundation?
Legacy Endowment The Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacyendowment.org
Learn more at the official website: www.legacyendowment.org
Mission Statement of Legacy Endowment The Community Foundation
Legacy Endowment The Community Foundation is dedicated to enhancing and preserving a higher quality of life for communities. This is achieved by facilitating philanthropy for families, individuals, and nonprofit organizations. The foundation's mission revolves around connecting donors with non-profit organizations that can meet the needs of the community. It focuses on various areas, including arts and culture, education and training, health and human services, medical research, senior causes, and programs for the disabled. By providing grants from various endowments, donor-advised funds, special projects, and pass-through funds, Legacy Endowment The Community Foundation aims to make a significant impact in these sectors. The foundation's deep understanding of the community's needs allows it to effectively allocate resources and support local charities, ultimately improving the overall quality of life.
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Impact
July, 2024
Legacy Endowment The Community Foundation's impact is significant as it plays a crucial role in enhancing and preserving a higher quality of life for communities in the Fallbrook and greater San Diego area. By facilitating philanthropy for families, individuals, and Legacy Endowment The Community Foundations, this foundation makes grants from various endowments, donor-advised funds, special projects, and pass-thru funds.
The Foundation is committed to improving the quality of life in the community by supporting local charities in areas such as arts/culture, education/training, health & human services, medical research, senior causes, and programs for the disabled. With a deep understanding of community needs, Legacy Endowment The Community Foundation can effectively connect donors with nonprofit organizations that address those needs, making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Legacy Endowment The Community 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: $335,742
- Gross Receipts: $668,884
Assets and Liabilities:
- Total Assets: $13,007,893
- Total Liabilities: $605,916
- Net Assets: $12,401,977
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Organization Details
Founding Year
1994
Phone
(760) 728-3304Principal Officer
Rachel Mason
Main Address
5256 S MISSION RD STE 1210, BONSALL, CA, 92003
Website
www.legacyendowment.orgNTEE Category
Code: T31 - Philanthropy
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