Overview
What is Franciscan Foundation For The Holy Land?
The Franciscan Foundation for the Holy Land is a nonprofit organization dedicated to safeguarding human rights and maintaining the presence of the Christian minority in the Holy Land. Established with this mission, the foundation offers humanitarian support to Christians residing in the region. One of their significant initiatives is the College Scholarship Program, which assists economically marginalized Christian students pursuing a four-year college education. The scholarship board, comprised of four U.S.-based college professors, selects eligible students with a 'B' average during high school. The payment for the scholarship commences after the student's acceptance into the university. Over the past 20 years, the foundation has disbursed over $7,186,277 for college scholarships, enabling 472 graduates, with 70% finding employment post-graduation. Another key program is the Sponsor a Child initiative, which provides $500 per year for seven years to cover the tuition of a child from a low-income family in the Holy Land. In 2022, this program supported 6th to 12th-grade economically marginalized students who would otherwise not have access to education. Since 2004, the foundation has provided $1,351,000 for their education.
Official website here: www.ffhl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars) from Charity Navigator.
The Franciscan Foundation for the Holy Land demonstrates a strong commitment to accountability and financial transparency, achieving an impressive score of 97%. The organization has a well-structured independent board with 94% of its members being independent, which contributes to effective governance and oversight. Additionally, the foundation's financial health is notable, with a program expense ratio of 88.40%, indicating a significant portion of its funds is dedicated to its mission-related activities.
The foundation also excels in maintaining robust financial practices, as evidenced by its perfect scores in areas such as conflict of interest policies and whistleblower protections. Its financial statements reflect no material diversion of assets, and the organization has a favorable liabilities to assets ratio of only 0.62%. Furthermore, the foundation's fundraising efficiency is commendable, requiring only $0.022 to raise a dollar, which suggests effective fundraising strategies and minimal overhead costs.
Despite its strong performance, there are no specific limitations or concerns highlighted in the available data. Overall, the Franciscan Foundation for the Holy Land stands out as a highly rated nonprofit, showcasing effective management, financial responsibility, and a focus on delivering value to its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Franciscan Foundation For The Holy Land legitimate?
Franciscan Foundation For The Holy Land is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franciscan Foundation For The Holy Land 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: $9,748
Professional Fundraising Fees: $106,753
Other Salaries and Wages: $1,768
For more financial information, click here
Official website here: www.ffhl.org
What is the mission statement of Franciscan Foundation For The Holy Land?
The Franciscan Foundation for the Holy Land was established with a mission to safeguard human rights and ensure the continued presence of the Christian minority in the Holy Land. The foundation provides humanitarian support to Christians in the region. One of its significant initiatives is the College Scholarship Program, which offers financial aid to economically marginalized Christian students in the Holy Land, allowing them to pursue higher education. Over the past 20 years, the foundation has disbursed over $7.1 million for college scholarships, with over 472 students graduating, and 70% of them securing professional employment. Additionally, the Sponsor a Child Program provides tuition funding for economically disadvantaged students in the Holy Land, ensuring they receive an education. Since 2004, the foundation has provided $1.35 million in funding for this program.
Official website here: www.ffhl.org
What is the revenue of Franciscan Foundation For The Holy Land?
Franciscan Foundation For The Holy Land's revenue in 2023 was $5,295,854.
Official website here: www.ffhl.org
Who are the executives of Franciscan Foundation For The Holy Land and what are their salaries?
The average compensation at Franciscan Foundation For The Holy Land during 2023 was $5,758. There are 2 employees and 30 volunteers at Franciscan Foundation For The Holy Land.
Here are 17 key members and their salaries:
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Official website here: www.ffhl.org
Where can I find the form 990 for Franciscan Foundation For The Holy Land?
Franciscan Foundation For The Holy Land's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ffhl.org
Learn more at the official website: www.ffhl.org
Mission Statement of Franciscan Foundation For The Holy Land
The Franciscan Foundation for the Holy Land, established with the aim of safeguarding human rights and ensuring the continued presence of the Christian minority in the Holy Land, provides humanitarian support to Christians residing in the region. The foundation's mission is centered around securing the rights and future of this minority group, offering them much-needed assistance.
To accomplish this, the Franciscan Foundation implements various programs. One such initiative is their College Scholarship Program, which supports economically marginalized Christian students pursuing a four-year college education. Over the past two decades, the foundation has disbursed over $7 million in scholarships, enabling 472 students to complete their degrees, with 70% of these graduates securing professional employment. Another significant program is the Sponsor a Child initiative, which provides funding for the tuition of disadvantaged students from sixth grade to twelfth grade, ensuring they receive an education they might otherwise be denied. Since 2004, the foundation has invested $1.35 million in education through this program.
In essence, the Franciscan Foundation for the Holy Land's mission is twofold: to sustain the human rights of the Christian minority in the Holy Land and to provide them with the means to further their education. Through these programs, the foundation supports the social and economic advancement of the Christian community, ensuring their continued presence and prosperity in the region.
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Impact
October, 2024
The Franciscan Foundation for the Holy Land has significantly impacted the Christian community in the Holy Land by providing essential educational support and fostering human rights. Over two decades, the foundation has disbursed over $7 million in college scholarships, enabling 472 students to graduate. An impressive 70% of these graduates have secured professional employment, significantly enhancing their socio-economic status and contributing positively to their communities.
Additionally, the foundation's Sponsor a Child program offers vital educational opportunities to economically marginalized students from low-income families. By providing $500 annually for seven years, this initiative ensures that students receive an education from 6th to 12th grade, directly addressing educational disparities in the region. Since its inception, this program has invested approximately $1.35 million in the education of these children.
Through these initiatives, the organization not only safeguards the presence of the Christian minority in the Holy Land but also empowers future generations through education, ultimately fostering hope and stability within the community.
This information is meant to be a general summary of Franciscan Foundation For The Holy Land. 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: $196,163
- Gross Receipts: $8,748,892
Assets and Liabilities:
- Total Assets: $8,941,512
- Total Liabilities: $55,714
- Net Assets: $8,885,798
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Organization Details
Founding Year
1994
Principal Officer
Rev Peter Vasko Ofm
Website
www.ffhl.orgNTEE Category
Code: Q330 - International
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