Overview
What is Gerald K Meier Charitable Trust Union Savings Bank?
Gerald K Meier Charitable Trust, in association with Union Savings Bank, is a philanthropic entity that annually dispenses funds to seven recognized 501(C)(3) organizations, as outlined in its charitable trust document. The organization's mission is to provide financial support to these named nonprofits by making annual distributions from a restricted endowment fund, generously established by its benefactor.
Is Gerald K Meier Charitable Trust Union Savings Bank legitimate?
Gerald K Meier Charitable Trust %Union Savings Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gerald K Meier Charitable Trust %Union Savings Bank 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
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What is the mission statement of Gerald K Meier Charitable Trust Union Savings Bank?
The Gerald K Meier Charitable Trust, managed by Union Savings Bank, follows a specific mission as outlined in its charitable trust document. This mission involves providing annual distributions from a restricted endowment fund to seven named 501(C)(3) organizations. The primary objective of these annual distributions is to support these organizations in their charitable endeavors. The Gerald K Meier Charitable Trust does not have a mission statement in the traditional sense, as it primarily serves as a financial backer for these selected charitable organizations. It should be noted that the Trust's role is strictly limited to making annual distributions and does not involve direct involvement or oversight of the supported organizations' activities.
Who is the CEO of Gerald K Meier Charitable Trust Union Savings Bank?
Unavailable
What is the revenue of Gerald K Meier Charitable Trust Union Savings Bank?
Gerald K Meier Charitable Trust Union Savings Bank's revenue in 2022 was $5,377,462.
Who are the executives of Gerald K Meier Charitable Trust Union Savings Bank and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Gerald K Meier Charitable Trust Union Savings Bank?
Gerald K Meier Charitable Trust Union Savings Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gerald K Meier Charitable Trust Union Savings Bank
The Gerald K Meier Charitable Trust, a philanthropic organization, as per its charitable trust documentation, supports seven distinct 501(C)(3) organizations annually. This support is facilitated through distributions from a restricted endowment fund provided by the grantor. The primary mission of the Gerald K Meier Charitable Trust Union Savings Bank, therefore, lies in its financial contributions to these named charitable organizations, aiming to contribute positively to their respective causes and initiatives.
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Impact
October, 2024
The Gerald K Meier Charitable Trust Union Savings Bank plays a significant role in supporting various community initiatives by providing annual financial contributions to seven designated 501(c)(3) organizations. This strategic funding approach enables these organizations to carry out their missions effectively, addressing various social needs within the community. By managing a restricted endowment fund established by the grantor, the trust ensures that these annual distributions are sustained, fostering long-term partnerships and enhancing the impact of the supported entities. The trust's focus on consistent financial support allows these organizations to advance their programs, ultimately benefiting the Freeport, IL area and its residents.
This information is meant to be a general summary of Gerald K Meier Charitable Trust Union Savings Bank. 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: -$6,944
- Gross Receipts: $5,800,689
Assets and Liabilities:
- Total Assets: $5,135,212
- Total Liabilities: $0
- Net Assets: $5,135,212
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Organization Details
Founding Year
2022
Phone
(815) 235-0800Main Address
223 W STEPHENSON ST, FREEPORT, IL, 61032
NTEE Category
Code: Z99 - Unknown
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