Overview
What is Earlham Foundation?
The Earlham Foundation is a nonprofit organization situated in Richmond, Indiana, specifically at 801 National Road West. Its primary mission is to manage and invest the endowed and quasi-endowed funds for the benefit of Earlham College and Earlham School of Religion, a program thereof. By receiving and holding these gifts, the Foundation contributes to the financial sustainability of both institutions, releasing quarterly distributions of earnings to support their ongoing operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Earlham Foundation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. Scoring 94% in this category, the organization demonstrates a high level of transparency and effective financial management, making it a trustworthy option for donors.
One of the foundation's key strengths is its fully independent board, consisting of 10 members, which ensures unbiased governance. The organization has also established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, contributing to its solid governance structure. Furthermore, it maintains a healthy liabilities to assets ratio of 41.39%, indicating a stable financial position.
However, while the foundation excels in its financial practices and transparency, the data does not provide insight into its programmatic impact or community outreach. This limitation means potential donors may need to consider additional factors, such as the foundation's specific initiatives and success in fulfilling its mission, when making their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Earlham Foundation legitimate?
Earlham Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Earlham 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Earlham Foundation?
The Earlham Foundation serves as a trust for permanently restricted gifts given to Earlham College and Earlham School of Religion. Its primary role is to manage and invest these funds, distributing a portion of the quarterly earnings to support the academic institution's and school's operational needs. In essence, the Earlham Foundation acts as a steward, overseeing the financial resources dedicated to the continued success and growth of Earlham College and Earlham School of Religion.
Who is the CEO of Earlham Foundation?
Unavailable
What is the revenue of Earlham Foundation?
Earlham Foundation's revenue in 2022 was $45,487,920.
Who are the executives of Earlham Foundation and what are their salaries?
There 10 volunteers at Earlham Foundation.
Here are 12 key members and their salaries:
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- Related: $210,670
- Other: $21,448
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $102,498
- Other: $41,849
Where can I find the form 990 for Earlham Foundation?
Earlham Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Earlham Foundation
The Earlham Foundation plays a pivotal role in preserving and managing the permanent gifts bestowed upon Earlham College and the Earlham School of Religion. This philanthropic organization receives and holds these restricted endowments, carefully investing their funds to generate quarterly earnings. In turn, these distributions are disbursed to both the college and the school to support their ongoing operations. By stewarding the investment portfolio for the endowed and quasi-endowed funds, the Earlham Foundation fosters sustainable growth for these esteemed institutions.
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Impact
October, 2024
Earlham Foundation plays a vital role in supporting the mission of Earlham College and the Earlham School of Religion by managing and investing their endowed and quasi-endowed funds. By receiving and holding permanently restricted gifts, the foundation ensures that the financial resources are strategically managed to provide ongoing support. The earnings from these investments are distributed quarterly, directly benefiting the operational needs of both educational institutions in Richmond, IN. This steady flow of resources enhances the educational experience and sustainability of programs offered at Earlham College and the Earlham School of Religion, thereby contributing to their long-term viability and impact in the field of education.
This information is meant to be a general summary of Earlham 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: $41,676,239
- Gross Receipts: $106,000,867
Assets and Liabilities:
- Total Assets: $426,700,889
- Total Liabilities: $189,029,414
- Net Assets: $237,671,475
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Organization Details
Founding Year
1931
Phone
(765) 983-1200Main Address
801 National Road West, Richmond, IN, 47374
NTEE Category
Code: B19 - Education
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