Overview
What is Benjamin Rose Trust Tw?
Benjamin Rose Trust Tw is a nonprofit organization based in Pittsburgh, Pennsylvania, committed to enhancing the well-being of elderly adults. Their mission is to raise the standards of care for the elderly by providing financial support to the Benjamin Rose Institute. The trust's grants are distributed according to a 1933 agreement, with a focus on assisting needy elderly individuals. Under the Ohio Institutional Trust Funds Act of 1999, the institute receives the maximum income based on its assets or traditional income. The trustee maintains a responsiveness to the needs and activities of the beneficiary organization, ensuring it continues to achieve its mission. The Benjamin Rose Institute has the authority to oversee investments and approve changes to the document to maintain its 501(c)(3) status.
Is Benjamin Rose Trust Tw legitimate?
Benjamin Rose Trust Tw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benjamin Rose Trust Tw 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: $237,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Benjamin Rose Trust Tw?
The Benjamin Rose Trust Tw provides financial aid to support the Benjamin Rose Institute, an organization dedicated to assisting needy elderly individuals. According to the Trust Agreement dated July 25, 1933, the trustee makes distributions to the institute for its mission to offer relief and aid to the elderly. The institute, under the Ohio Institutional Trust Funds Act of 1999, receives the maximum income based on either 5% of the adjusted gross income (AFV) or traditional income. The trustee maintains responsiveness to the institute's needs and activities in achieving its mission. It is worth noting that the Benjamin Rose Institute has the authority to direct and approve investments, and the trustee has the power to amend the document to ensure the organization's continued 501(c)(3) status.
Who is the CEO of Benjamin Rose Trust Tw?
Bny Mellon N A is the Trustee of Benjamin Rose Trust Tw.
What is the revenue of Benjamin Rose Trust Tw?
Benjamin Rose Trust Tw's revenue in 2022 was $1,211,299.
Who are the executives of Benjamin Rose Trust Tw and what are their salaries?
There is 1 key member and their salary:
- Compensation: $237,800
- Related: $0
- Other: $0
Where can I find the form 990 for Benjamin Rose Trust Tw?
Benjamin Rose Trust Tw's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Benjamin Rose Trust Tw
Benjamin Rose Trust Tw, established in 1933, is dedicated to providing relief and assistance to needy elderly individuals. Following the Ohio Institutional Trust Funds Act of 1999, the trust maximizes its income, earning either 5% of the adjusted gross value (AFV) or traditional income. The trustee maintains a responsive approach towards the needs and activities of the beneficiary organization to accomplish its mission effectively. It is worth noting that the Benjamin Rose Institute, the beneficiary organization, possesses the authority to direct and approve investments, and the trustee has the power to amend the document to ensure the continuation of the trust qualifying as a 501(c)(3) organization. In essence, Benjamin Rose Trust Tw serves as a financial support system, utilizing its resources to aid vulnerable elderly individuals.
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Impact
October, 2024
The Benjamin Rose Trust Tw significantly impacts the lives of needy elderly persons through its structured financial support to the Benjamin Rose Institute. Established under a trust agreement in 1933, it ensures that the Institute receives essential funding to advance the health, independence, and dignity of older adults.
By adhering to the Ohio Institutional Trust Funds Act of 1999, the Trust optimally allocates income, focusing on maintaining a responsive approach to the evolving needs of the Institute. This collaboration facilitates enhancements in the quality of care and support services offered to the elderly, raising standards within the community.
Moreover, the Trust's ability to direct investments and amend documents as needed helps guarantee its long-term sustainability and efficacy, ensuring ongoing relief and assistance for those it serves. In essence, the Benjamin Rose Trust Tw fosters a compassionate environment that empowers elderly individuals, making a lasting difference in their quality of life.
This information is meant to be a general summary of Benjamin Rose Trust Tw. 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: $1,336,852
- Gross Receipts: $9,727,768
Assets and Liabilities:
- Total Assets: $43,887,761
- Total Liabilities: $0
- Net Assets: $43,887,761
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Organization Details
Founding Year
2008
Phone
(412) 234-0023Principal Officer
Bny Mellon N A
Main Address
PO BOX 185, PITTSBURGH, PA, 152300185
NTEE Category
Code: T900 - Philanthropy
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