Overview
What is Montefiore Foundation?
The Montefiore Foundation is a nonprofit organization situated in Beachwood, Ohio, with a specific goal of safeguarding and wisely investing endowment funds. Their mission encompasses allocating these funds to Montefiore as per its requirements and donors' wishes, boosting charitable contributions through endowment and various fundraising methods, and amplifying community recognition and support for their cause. The foundation's work aims to strengthen Montefiore's financial resources and foster a broader community involvement.
Official website here: www.menorahpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Montefiore Foundation has received a high rating of 97% from Charity Navigator, indicating strong performance in their accountability and financial practices. This impressive score is based entirely on a single beacon score that reflects the organization's commitment to transparency and effective governance. The foundation showcases a fully independent board, with 100% of its members meeting this criterion, further enhancing its credibility.
Key strengths of the Montefiore Foundation include its strong program expense ratio of 98.14%, which signifies that the majority of its expenses are directed towards its mission-related activities. Additionally, the organization demonstrates solid financial management, highlighted by a low liabilities-to-assets ratio of 2.86%. Various policies supporting governance, such as conflict of interest and whistleblower policies, are well-documented and in place, contributing to a robust operational framework.
While the overall data paints a positive picture of the Montefiore Foundation, potential donors may want to consider the specific programs and initiatives funded by the foundation for a comprehensive understanding of its impact. Nevertheless, its high rating and strong governance indicators suggest that it is a trustworthy choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Montefiore Foundation legitimate?
Montefiore Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montefiore 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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For more financial information, click here
Official website here: www.menorahpark.org
What is the mission statement of Montefiore Foundation?
The Montefiore Foundation was established with a mission to safeguard endowment funds and ensure their appropriate investment. Its primary goal is to allocate these funds to Montefiore, as per the needs of the institution and the wishes of the donors. Additionally, the foundation aims to boost charitable contributions through endowment and various fundraising initiatives. Furthermore, it strives to increase community support and awareness for Montefiore.
Official website here: www.menorahpark.org
Who is the CEO of Montefiore Foundation?
Diane Liliestedt is the Principal Officer of Montefiore Foundation.
Official website here: www.menorahpark.org
What is the revenue of Montefiore Foundation?
Montefiore Foundation's revenue in 2022 was $1,638,245.
Official website here: www.menorahpark.org
Who are the executives of Montefiore Foundation and what are their salaries?
There 47 volunteers at Montefiore Foundation.
Here are 47 key members and their salaries:
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Official website here: www.menorahpark.org
Where can I find the form 990 for Montefiore Foundation?
Montefiore Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.menorahpark.org
Learn more at the official website: www.menorahpark.org
Mission Statement of Montefiore Foundation
The Montefiore Foundation, established with a mission, aims to safeguard endowment funds and ensure their appropriate investment. Its primary goal is to allocate these resources to Montefiore as per its requirements and donors' wishes. Furthermore, the foundation seeks to enhance charitable contributions through endowment and other fundraising efforts. Beyond this, the Montefiore Foundation strives to increase community awareness and support, working towards a broader reach and impact. In essence, the organization's mission revolves around preserving and effectively utilizing endowment funds, fostering charitable contributions, and promoting community involvement in support of Montefiore.
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Impact
October, 2024
The Montefiore Foundation has a significant impact on the community and the organization it supports by effectively managing and preserving endowment funds, ensuring they are properly invested and allocated according to the needs of Montefiore and the wishes of its donors. By increasing charitable support through both endowment and fundraising initiatives, the Foundation enhances financial sustainability and enables the delivery of vital services. Additionally, its efforts in raising community awareness promote engagement and support, fostering a strong bond between the organization and the community it serves. This multifaceted approach not only bolsters Montefiore’s resources but also enriches the overall quality of care and support provided to individuals in need.
This information is meant to be a general summary of Montefiore 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: $530,681
- Gross Receipts: $1,715,657
Assets and Liabilities:
- Total Assets: $12,660,221
- Total Liabilities: $333,866
- Net Assets: $12,326,355
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Organization Details
Founding Year
1994
Phone
(216) 831-6500Principal Officer
Diane Liliestedt
Main Address
27100 Cedar Road, Beachwood, OH, 44122
Website
www.menorahpark.orgNTEE Category
Code: T30 - Philanthropy
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