Overview
What is Mc Dermott Will And Emery Charitable Foundation?
McDermott Will and Emery Charitable Foundation is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to support various charitable initiatives by distributing donations and grants to other like-minded organizations. By doing so, they contribute to various projects and endeavors aimed at making a positive impact in communities. Their work focuses on providing financial assistance to other nonprofits, thereby amplifying their collective efforts to bring about change.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The McDermott Will and Emery Charitable Foundation has achieved an impressive score of 94%, reflecting strong accountability and finance practices. This rating is particularly significant as it is based exclusively on the foundation's adherence to financial standards and governance, indicating a well-managed organization that prioritizes transparency and responsible stewardship of funds.
The organization’s strengths lie in its fully independent board, which enhances its governance structure. The foundation scored maximum points in key areas, including financial statements oversight and the absence of material diversion of assets. Additionally, the presence of comprehensive policies regarding conflict of interest and whistleblowing demonstrates a commitment to ethical practices.
Despite these strengths, no specific information regarding its programmatic impact or community engagement was noted in the available data. This focus on financial metrics, while crucial, may leave potential donors and stakeholders wanting to understand more about the outcomes and effectiveness of the foundation's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Mc Dermott Will And Emery Charitable Foundation legitimate?
Mc Dermott Will And Emery Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mc Dermott Will And Emery Charitable 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 Mc Dermott Will And Emery Charitable Foundation?
The McDermott Will and Emery Charitable Foundation's mission is to aid other charitable organizations in their endeavors by distributing donations and grants. By doing so, they contribute to the success of various charitable projects and initiatives, thereby supporting their broader objectives. The foundation's activities are primarily focused on providing financial assistance to other non-profit organizations, thereby enabling them to accomplish their own goals and make a positive impact in their respective fields.
Who is the CEO of Mc Dermott Will And Emery Charitable Foundation?
Ira Coleman is the Director of Mc Dermott Will And Emery Charitable Foundation.
What is the revenue of Mc Dermott Will And Emery Charitable Foundation?
Mc Dermott Will And Emery Charitable Foundation's revenue in 2022 was $1,002,297.
Who are the executives of Mc Dermott Will And Emery Charitable Foundation and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Mc Dermott Will And Emery Charitable Foundation?
Mc Dermott Will And Emery Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mc Dermott Will And Emery Charitable Foundation
McDermott Will and Emery Charitable Foundation is committed to supporting the initiatives and projects of various charitable organizations. They achieve this by distributing donations and grants. The foundation's mission is to contribute to the efforts of these charitable organizations, thereby aiding them in fulfilling their own objectives and making a positive impact in their respective communities. By providing financial assistance, McDermott Will and Emery Charitable Foundation empowers these organizations to carry out their programs effectively, ultimately benefiting those who are in need.
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Impact
October, 2024
The Mc Dermott Will And Emery Charitable Foundation significantly impacts the community by making grants to various charitable organizations. By distributing donations and grants, it bolsters the efforts and projects of nonprofits, enabling them to advance their missions effectively. Based in Chicago, Illinois, the foundation’s commitment to philanthropy enriches local initiatives and supports a wide range of charitable activities, fostering positive change and enhancing the well-being of communities.
This information is meant to be a general summary of Mc Dermott Will And Emery Charitable 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.
- Gross Receipts: $1,002,297
Assets and Liabilities:
- Total Assets: $1,275,620
- Total Liabilities: $0
- Net Assets: $1,275,620
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Organization Details
Founding Year
1981
Phone
(312) 984-2011Principal Officer
Ira Coleman
Main Address
444 WEST LAKE STREET SUITE 4000, CHICAGO, IL, 60606
NTEE Category
Code: T22Z - Philanthropy
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