Memorial Endowment Fund For Memorial

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Memorial Endowment Fund For Memorial has received a One-Star rating from Charity Navigator, indicating significant concerns in its accountability and finance practices. With a score of 50%, the organization struggles primarily due to a lack of independent board members and missing essential governance policies, which raises questions about transparency and oversight.

Despite these shortcomings, the fund has a commendable program expense ratio of 78.43%, suggesting that a substantial portion of its resources is directed toward its charitable activities. Additionally, there are no material diversions of assets, which signifies that the organization's assets are being used appropriately for its intended purposes.

However, the absence of critical governance documents, such as conflict of interest and whistleblower policies, alongside a missing website link in its tax form, points to a need for improvement in organizational practices. This lack of accountability could deter potential donors who prioritize transparency and governance in their charitable contributions.

This AI summary has been generated from information found on Charity Navigator.

Memorial Endowment Fund For Memorial is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Endowment Fund For Memorial 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: $16,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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