Overview
What is Libbey E D Endowment Fund Endw?
The Libbey E D Endowment Fund Endw is a charitable trust, established through the will of E D Libbey. Located in Brooklyn, Ohio, its primary purpose is to provide grants to the Toledo Museum of Art. The trust is structured under various funds, including an endowment fund for corporate purposes, a music fund for building maintenance, an Art School fund for constructing and maintaining a school for fine arts, and a residuary fund for wages and art acquisitions. Keybank serves as the agent for the trustee, managing these funds as per the trust's guidelines.
Is Libbey E D Endowment Fund Endw legitimate?
Libbey E D Endowment Fund Endw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Libbey E D Endowment Fund Endw 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: $2,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Libbey E D Endowment Fund Endw?
The Libbey E D Endowment Fund Endw, established through the will of E D Libbey, distributes grants to the Toledo Museum of Art for various purposes. The endowment fund is utilized for corporate needs. The music fund is allocated for maintaining the museum's building. The Art School fund is designated for constructing and maintaining a school for fine arts. The residuary fund is set aside for wages and art acquisitions. Keybank serves as the agent for the trustee managing these funds. The mission of the Libbey E D Endowment Fund Endw can be summarized as providing financial support for the Toledo Museum of Art's operations and expansion, specifically focusing on corporate needs, building maintenance, art school construction, and art purchases.
Who is the CEO of Libbey E D Endowment Fund Endw?
Dennis Johnson is the Trustee of Libbey E D Endowment Fund Endw. The CEO's salary of Libbey E D Endowment Fund Endw is $0 and their total compensation is $0.
What is the revenue of Libbey E D Endowment Fund Endw?
Libbey E D Endowment Fund Endw's revenue in 2022 was $3,017,729.
Who are the executives of Libbey E D Endowment Fund Endw and what are their salaries?
Here are 5 key members and their salaries (Libbey E D Endowment Fund Endw's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Libbey E D Endowment Fund Endw?
Libbey E D Endowment Fund Endw's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Libbey E D Endowment Fund Endw
The Libbey E D Endowment Fund Endw, as established through the will of E D Libbey, is a trust that allocates grants to the Toledo Museum of Art. The fund is structured into several categories, each serving a specific purpose. The endowment fund is designed for corporate purposes, while the music fund is dedicated to maintaining the museum's building. The Art School fund, on the other hand, is established to finance the construction and maintenance of a school for fine arts. Lastly, the residuary fund is set aside for wage payments and the procurement of art pieces. Keybank serves as the agent for the trustee, managing the distribution of these funds according to their respective purposes.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Libbey E D Endowment Fund plays a significant role in supporting the Toledo Museum of Art through various designated grants aimed at enhancing its programs and facilities. It allocates resources across different funds, ensuring the museum's operational stability and growth.
The corporate fund facilitates essential corporate functions, enabling efficient management and outreach. The music fund specifically aids in the maintenance of the museum's infrastructure, contributing to a safe and inviting environment for visitors and artists alike. Additionally, the Art School fund focuses on constructing and maintaining a fine arts school, fostering education and nurturing artistic talent within the community.
Moreover, the residuary fund supports wages and art purchases, allowing for the retention of skilled staff and the acquisition of valuable artworks that enrich the museum’s collection. Established through E D Libbey's will, this endowment ensures a lasting legacy that enhances the cultural landscape of Brooklyn, Ohio, and supports the primary missions of the Toledo Museum of Art.
This information is meant to be a general summary of Libbey E D Endowment Fund Endw. 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: $3,013,841
- Gross Receipts: $6,294,432
Assets and Liabilities:
- Total Assets: $33,984,571
- Total Liabilities: $0
- Net Assets: $33,984,571
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(419) 259-6197Principal Officer
Dennis Johnson
Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A110 - Arts
If you are a representative of Libbey E D Endowment Fund Endw and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.