Overview
What is American Endowment Foundation?
The American Endowment Foundation is a grant-making organization based in the United States. They provide financial support to tax-exempt American charities and government entities for charitable initiatives. The foundation's mission is to expand the capabilities of American philanthropy by approving grants solely used for charitable purposes.
Official website here: www.aefonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% - Four-Star out of Four Star rating
The American Endowment Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting high marks in accountability and finance. The organization's overall score is derived entirely from its strong performance in these areas, with a notable score of 95%. This rating indicates that the foundation adheres to rigorous standards for financial health and transparency, which is critical for trust among donors and stakeholders.
Strengths include the foundation's independent governance, with 81% of board members being independent, and a robust audit and oversight framework that has garnered a perfect score in financial statements. The organization has also demonstrated a commitment to good practices with policies on conflict of interest, whistleblowing, and the documentation of board meeting minutes, all available on its website. The foundation excels in program expense efficiency, with an impressive program expense ratio of 99.26%, showcasing its dedication to maximizing funds directed towards its mission.
However, one area of concern is the fundraising efficiency ratio, which is relatively low at $0.002. While this might raise questions about fundraising practices, the foundation's overall financial health and high program expense ratio suggest that it effectively utilizes resources to support its programs. Overall, the American Endowment Foundation stands out for its accountability and financial integrity, making it a trustworthy choice for donors looking to contribute.
This AI summary has been generated from information found on Charity Navigator.
Is American Endowment Foundation legitimate?
American Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Endowment 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: $2,222,602
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,246,710
For more financial information, click here
Official website here: www.aefonline.org
What is the mission statement of American Endowment Foundation?
The American Endowment Foundation supports charitable initiatives in the United States by providing grants to tax-exempt organizations and government entities. Its mission is to further charitable purposes exclusively, as it distributes funds to eligible recipients. The foundation's grants contribute significantly to various charitable causes across the nation. By providing financial assistance, the American Endowment Foundation aims to expand the reach and capacity of American philanthropy, ultimately making a positive difference in communities and lives.
Official website here: www.aefonline.org
Who is the CEO of American Endowment Foundation?
Stephen W Jones is the President (Until 12/1/22) of American Endowment Foundation.
Official website here: www.aefonline.org
What is the revenue of American Endowment Foundation?
American Endowment Foundation's revenue in 2022 was $1,422,851,075.
Official website here: www.aefonline.org
Who are the executives of American Endowment Foundation and what are their salaries?
The average compensation at American Endowment Foundation during 2022 was $76,986. There are 123 employees at American Endowment Foundation.
Here are 23 key members and their salaries:
- Compensation: $450,546
- Related: $0
- Other: $41,360
- Compensation: $305,882
- Related: $0
- Other: $37,576
- Compensation: $79,063
- Related: $0
- Other: $2,372
- Compensation: $17,208
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $222,651
- Related: $0
- Other: $32,244
- Compensation: $199,744
- Related: $0
- Other: $29,286
- Compensation: $178,455
- Related: $0
- Other: $16,332
- Compensation: $192,682
- Related: $0
- Other: $7,000
- Compensation: $202,968
- Related: $0
- Other: $34,414
- Compensation: $187,564
- Related: $0
- Other: $22,721
- Compensation: $176,397
- Related: $0
- Other: $26,965
- Compensation: $162,557
- Related: $0
- Other: $27,977
- Compensation: $160,219
- Related: $0
- Other: $16,731
- Compensation: $144,670
- Related: $0
- Other: $22,923
Official website here: www.aefonline.org
Where can I find the form 990 for American Endowment Foundation?
American Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aefonline.org
Learn more at the official website: www.aefonline.org
Mission Statement of American Endowment Foundation
The American Endowment Foundation is a grant-making organization that plays a significant role in expanding the capacity of American philanthropy. Devoted to charitable giving, this entity approves grants solely for use by U.S. tax-exempt charities and government entities, ensuring that the funds are exclusively utilized for charitable purposes. By offering financial support in this manner, the American Endowment Foundation contributes to the vital work of various charitable organizations across the United States.
In line with its mission, the American Endowment Foundation makes strategic grants to U.S. charitable organizations and government entities. These grants are earmarked for charitable pursuits, meaning that the funds are meant to bring about positive change and betterment for communities and individuals in need. The foundation's commitment to charitable giving is unwavering, as it seeks to make a significant impact through its grant-making activities.
Through its grant programs, the American Endowment Foundation empowers charities to carry out their missions more effectively. Its support helps charitable organizations to expand their reach, enhance their services, and ultimately make a difference in the lives of the people they serve. By fostering growth within the philanthropic sector, the American Endowment Foundation strengthens the social fabric of our communities and contributes to a more compassionate and caring society.
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Impact
October, 2024
The American Endowment Foundation significantly enhances the capacity of American philanthropy by providing essential grants to U.S. charitable organizations and government entities. By focusing exclusively on tax-exempt charities, it ensures that funds are utilized solely for charitable purposes, fostering a more robust philanthropic landscape. Located in Hudson, Ohio, the foundation plays a vital role in supporting initiatives that drive positive social impact across the country, ultimately expanding the reach and effectiveness of charitable efforts.
This information is meant to be a general summary of American Endowment 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: $115,602,161
- Gross Receipts: $1,422,851,075
Assets and Liabilities:
- Total Assets: $6,246,840,051
- Total Liabilities: $5,655,180
- Net Assets: $6,241,184,871
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Organization Details
Founding Year
1993
Phone
(330) 655-7552Principal Officer
Stephen W Jones
Main Address
5700 DARROW RD 118, HUDSON, OH, 44236
Website
www.aefonline.orgNTEE Category
Code: T31 - Philanthropy
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