Overview
What is Community Foundation Of Greater Fort Wayne Inc?
Community Foundation of Greater Fort Wayne Inc is a charitable organization based in Fort Wayne, Indiana, with a workforce of 21 employees. The foundation's mission is to enhance the quality of life by building permanent endowments, promoting effective grantmaking, fostering philanthropy, stimulating community dialogue, and helping donors achieve their charitable objectives. They provide grants to nonprofits for various charitable purposes in Greater Fort Wayne and across the United States. These grants cater to the daily operations of nonprofits as well as addressing pressing social issues. Additionally, the foundation awards scholarships to students to further their education.
Official website here: www.cfgfw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
The Community Foundation of Greater Fort Wayne Inc has achieved an impressive 100% score, reflecting its strong commitment to accountability and financial transparency. This exceptional rating is primarily based on a single beacon score that emphasizes accountability and finance, indicating that the organization operates with high integrity and responsibility in its financial dealings.
Key strengths of the foundation include a fully independent board, with all 16 members being independent, and a robust audit and oversight committee ensuring proper governance. The organization demonstrates exceptional financial management, with a program expense ratio of 84.13%, meaning the majority of funds are directed towards its mission. Additionally, its fundraising efficiency is remarkably high, requiring only $0.03 to raise a dollar.
While the foundation showcases admirable financial health with a liabilities-to-assets ratio of just 5.52% and a working capital ratio of 16.89 years, there are no noted weaknesses in the data provided. Overall, the Community Foundation of Greater Fort Wayne Inc stands out as a well-managed nonprofit with transparent practices, making it a trustworthy choice for donors and community supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Greater Fort Wayne Inc legitimate?
Community Foundation Of Greater Fort Wayne Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Greater Fort Wayne Inc 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: $557,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $789,759
For more financial information, click here
Official website here: www.cfgfw.org
What is the mission statement of Community Foundation Of Greater Fort Wayne Inc?
The Community Foundation of Greater Fort Wayne Inc strives to enhance the quality of life by establishing perpetual endowments, promoting effective grantmaking, and fostering philanthropy. They play a crucial role in stimulating community dialogue and helping donors achieve their charitable objectives. Through their grantmaking program, they present funds to nonprofits for various charitable purposes, assisting with daily operations and addressing pressing social issues. Additionally, they award scholarships to students pursuing further education.
Official website here: www.cfgfw.org
What is the revenue of Community Foundation Of Greater Fort Wayne Inc?
Community Foundation Of Greater Fort Wayne Inc's revenue in 2023 was $22,701,309.
Official website here: www.cfgfw.org
Who are the executives of Community Foundation Of Greater Fort Wayne Inc and what are their salaries?
The average compensation at Community Foundation Of Greater Fort Wayne Inc during 2023 was $64,161. There are 21 employees and 106 volunteers at Community Foundation Of Greater Fort Wayne Inc.
Here are 23 key members and their salaries:
- Compensation: $207,450
- Related: $0
- Other: $30,004
- Compensation: $160,296
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- Other: $25,606
- Compensation: $113,384
- Related: $0
- Other: $20,882
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Official website here: www.cfgfw.org
Where can I find the form 990 for Community Foundation Of Greater Fort Wayne Inc?
Community Foundation Of Greater Fort Wayne Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfgfw.org
Learn more at the official website: www.cfgfw.org
Mission Statement of Community Foundation Of Greater Fort Wayne Inc
The Community Foundation of Greater Fort Wayne Inc is a philanthropic organization dedicated to enhancing the quality of life in various communities, both locally and nationally. With a mission to build permanent endowments, promote effective grantmaking, foster philanthropy, stimulate community dialogue, and assist donors in achieving their charitable objectives, this foundation plays a pivotal role in addressing diverse charitable needs.
By establishing permanent endowments, the Community Foundation of Greater Fort Wayne Inc ensures a continuous source of funding for various causes, from the daily operations of nonprofits to tackling pressing social issues. This foundation's grantmaking program extends beyond the borders of Fort Wayne, making an impact across the United States. One of the primary ways the foundation achieves this is by awarding scholarships to students, enabling them to further their education and contribute to their communities in the future.
In addition to its grantmaking efforts, the Community Foundation of Greater Fort Wayne Inc engages in activities that stimulate community dialogue, bringing together individuals to discuss and address pressing issues. Furthermore, the foundation acts as a resource for donors, helping them to achieve their charitable goals by offering expertise and guidance. Through its commitment to building endowments, promoting effective grantmaking, fostering philanthropy, and stimulating community dialogue, the Community Foundation of Greater Fort Wayne Inc plays a vital role in making a difference in the lives of people and communities.
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Impact
October, 2024
The Community Foundation of Greater Fort Wayne Inc significantly enhances the quality of life in the region by building permanent endowments and promoting effective grantmaking. Through its strategic initiatives, it fosters philanthropy, stimulates community dialogue, and assists donors in achieving their charitable objectives.
The Foundation provides grants to local organizations for a wide range of charitable purposes, addressing both immediate needs and pressing social issues. This encompasses supporting everyday operations of nonprofits as well as funding scholarships for students pursuing higher education. By creating a robust philanthropic ecosystem, the Community Foundation plays a crucial role in empowering the community, driving positive change, and ensuring sustainable support for vital programs and services in Greater Fort Wayne and beyond.
This information is meant to be a general summary of Community Foundation Of Greater Fort Wayne Inc. 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 2023.
- Investment Income: $5,516,603
- Gross Receipts: $40,338,410
Assets and Liabilities:
- Total Assets: $190,965,562
- Total Liabilities: $10,541,598
- Net Assets: $180,423,964
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Organization Details
Founding Year
1922
Principal Officer
R Bradley Little
Website
www.cfgfw.orgNTEE Category
Code: T310 - Philanthropy
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