Overview
What is Rhodes Robert R Tr?
Rhodes Robert R Tr, from the provided information, appears to be an entity associated with grant distributions. The grants are disbursed to selected exempt organizations, allowing them to utilize the funds for their respective charitable purposes. Keybank, serving as the trustee, ensures the grants are in line with Robert R. Rhodes' Last Will and Testament, dated November 4, 1913, and subsequent exhibits. The trust adheres to the needs and activities of each beneficiary organization, aiming to further their missions. Under the Ohio Institutional Trust Funds Act of 1999, most beneficiaries opt for income distributions based on the greater of 5% of net asset values (AFV) or traditional income, with Hiram House choosing traditional income. The trust can be dissolved by a combination of 25% beneficiary income interests.
Is Rhodes Robert R Tr legitimate?
Rhodes Robert R Tr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rhodes Robert R Tr 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: $191,471
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Rhodes Robert R Tr?
The mission of the entity associated with Rhodes Robert R Tr is centered around making grant payments in adherence to Robert R Rhodes' Last Will and Testament from 1913, with updates in 1940. Keybank, serving as the trustee, distributes funds to pre-selected exempt organizations for their exempt purposes. The trustee maintains a responsiveness to each beneficiary organization's needs and activities, ensuring their mission objectives are met. Under the Ohio Institutional Trust Funds Act of 1999, beneficiaries, except for HiramHouse, opt for the maximum income based on the greater of 5% of AFV or traditional income. Hiram House, however, chooses traditional income. The trust can be terminated by any combination of 25% of beneficiary income interests.
Who is the CEO of Rhodes Robert R Tr?
Unavailable
What is the revenue of Rhodes Robert R Tr?
Rhodes Robert R Tr's revenue in 2022 was -$75,551.
Who are the executives of Rhodes Robert R Tr and what are their salaries?
There is 1 key member and their salary:
- Compensation: $191,471
- Related: $0
- Other: $0
Where can I find the form 990 for Rhodes Robert R Tr?
Rhodes Robert R Tr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rhodes Robert R Tr
Rhodes Robert R Tr, as a grant-making entity, adheres to the stipulations outlined in Robert R Rhodes's Last Will and Testament from 1913 and the updated Exhibit A Named Beneficiaries from 1940. Keybank, serving as Trustee, distributes funds to pre-selected exempt organizations, enabling them to utilize the funds for their intended, exempt purposes. The trust demonstrates a responsiveness to each beneficiary organization's needs and activities, working towards the attainment of their respective missions.
Notably, under the Ohio Institutional Trust Funds Act of 1999, most beneficiary organizations opt to receive a maximum income based on the greater of 5% of the adjusted net asset value (AFV) or traditional income. However, HiramHouse has chosen to adhere to traditional income distribution. Furthermore, the trust can be dissolved by a combination of 25% of the beneficiary income interests. In this manner, Rhodes Robert R Tr plays a crucial role in supporting various exempt organizations, aligning with the original intentions of its founder, Robert R Rhodes.
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Impact
October, 2024
Rhodes Robert R Tr plays a significant role in supporting various organizations through strategic grant distributions. Following the directives established in Robert R. Rhodes' Last Will and Testament from 1913, the trust ensures that resources are funneled to pre-selected exempt organizations for their operational and mission-related needs.
Keybank, acting as the trustee, is pivotal in maintaining a responsive relationship with the beneficiary organizations. This responsiveness allows the trust to adapt to the evolving needs and activities of these organizations, enhancing their ability to achieve their missions effectively.
The grant allocations prioritize University Hospitals and other selected beneficiaries, providing them with necessary financial support to advance their exempt purposes. The trust's distribution approach, allowing beneficiaries to elect income options based on financial performance, further underlines its commitment to sustainable support and impact.
Overall, the Rhodes Robert R Tr significantly contributes to the philanthropic landscape in Ohio, facilitating the growth and sustainability of important institutions through thoughtful and flexible financial support.
This information is meant to be a general summary of Rhodes Robert R Tr. 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: -$82,792
- Gross Receipts: $2,027,059
Assets and Liabilities:
- Total Assets: $36,345,224
- Total Liabilities: $0
- Net Assets: $36,345,224
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Organization Details
Founding Year
1933
Phone
(216) 471-2012Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: T900 - Philanthropy
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