Overview
What is Crown Family Foundation?
The Crown Family Foundation is a nonprofit organization based in Chicago, Illinois, with the address 30 South Wells Street 4049. Its primary mission is to support and further the charitable causes of The Jewish Federation of Metropolitan Chicago and The Jewish United Fund of Metropolitan Chicago. The Foundation achieves this goal by extending grants to tax-exempt organizations, as per the guidelines set by Section 501(c)(3) of the Internal Revenue Code. The grantees are handpicked by the Boards of Directors of the mentioned Jewish organizations and include religious, educational, and scientific organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Crown Family Foundation has achieved a high rating of 94% from Charity Navigator, indicating strong performance in accountability and finance. This rating is based solely on their Accountability & Finance score, reflecting their commitment to transparency and ethical governance practices. The foundation demonstrates a robust financial health, with a program expense ratio of 99.76%, meaning nearly all of its resources are directed towards its programs rather than overhead.
The foundation's governance is bolstered by a majority of independent board members, ensuring impartial oversight. Additionally, it has comprehensive policies in place regarding conflicts of interest, whistleblower protections, and document retention, all of which contribute to its overall strong accountability metrics. The absence of material diversion of assets further highlights the organization's integrity and financial stewardship.
While the data reflects a commendable performance, the focus on financial metrics means that qualitative aspects of the foundation's impact and effectiveness in fulfilling its mission are not assessed in this rating. However, the robust financial and governance indicators position the Crown Family Foundation as a trustworthy organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Crown Family Foundation legitimate?
Crown Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crown Family 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 Crown Family Foundation?
The Crown Family Foundation is dedicated to furthering the charitable causes of The Jewish Federation of Metropolitan Chicago and The Jewish United Fund of Metropolitan Chicago. The Foundation achieves this by making grants to organizations that align with the exempt purposes of these organizations, as determined by their boards. Specifically, these grants support religious, educational, and scientific organizations that fall under Section 501(c)(3) of the Internal Revenue Code. By providing these financial contributions, the Crown Family Foundation contributes to the betterment of various communities through the work of these charitable organizations.
Who is the CEO of Crown Family Foundation?
Newton Minow is the Principal Officer of Crown Family Foundation.
What is the revenue of Crown Family Foundation?
Crown Family Foundation's revenue in 2022 was $36,808,543.
Who are the executives of Crown Family Foundation and what are their salaries?
There 8 volunteers at Crown Family Foundation.
Here are 13 key members and their salaries:
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- Related: $508,347
- Other: $16,124
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- Related: $339,676
- Other: $25,117
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- Related: $293,232
- Other: $36,845
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- Other: $0
Where can I find the form 990 for Crown Family Foundation?
Crown Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crown Family Foundation
The Crown Family Foundation is a philanthropic organization dedicated to advancing the objectives of The Jewish Federation of Metropolitan Chicago and The Jewish United Fund of Metropolitan Chicago. In line with these organizations' exempt purposes, the Crown Family Foundation grants funds to charitable religious, educational, and scientific organizations. The Foundation's mission is to contribute to the realization of the noble goals set forth by The Jewish Federation of Metropolitan Chicago and The Jewish United Fund of Metropolitan Chicago. By providing financial support to eligible organizations, the Crown Family Foundation enables them to further their own missions and create a positive impact on their communities. The Foundation ensures that all grantees meet the criteria established by itself and the two partnering organizations.
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Impact
October, 2024
The Crown Family Foundation significantly impacts the Chicago community and beyond by providing essential funding to a variety of charitable organizations. Through its dedicated grants, the Foundation supports the missions of the Jewish Federation of Metropolitan Chicago and the Jewish United Fund of Metropolitan Chicago. This funding covers a broad spectrum of needs, focusing on religious, educational, and scientific initiatives that enhance the quality of life and promote welfare within the community.
By partnering with organizations that align with its mission, the Foundation helps strengthen social services, educational programs, and cultural initiatives. The Foundation's emphasis on collaboration with 501(c)(3) organizations ensures that its resources are directed toward efforts that meet rigorous standards of accountability and effectiveness. Ultimately, the Crown Family Foundation plays a pivotal role in fostering a vibrant philanthropic ecosystem that benefits various sectors and uplifts the community as a whole.
This information is meant to be a general summary of Crown Family 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: $16,778,033
- Gross Receipts: $56,258,012
Assets and Liabilities:
- Total Assets: $376,023,145
- Total Liabilities: $18,432,500
- Net Assets: $357,590,645
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Organization Details
Founding Year
1985
Phone
(312) 357-4790Principal Officer
Newton Minow
Main Address
30 South Wells Street 4049, Chicago, IL, 60606
NTEE Category
Code: T700 - Philanthropy
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