Overview
What is Lawrence E & Nancy S Glick Foundation?
The Lawrence E & Nancy S Glick Foundation is a charitable organization, proudly based in Chicago, Illinois. As a nonprofit entity, it adheres to the tax-exempt guidelines under the IRC Section 501(c)(3), in alignment with the Jewish Federation of Metropolitan Chicago's by-laws. The Foundation's primary mission is to support and promote the charitable, educational, and religious objectives of the Jewish Federation of Metropolitan Chicago, as per its charter. It accomplishes this by making grants to eligible organizations that share similar values and purposes, contributing significantly to the broader community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
The Lawrence E & Nancy S Glick Foundation has received a score indicating that it needs improvement, primarily due to its lack of independent board members and issues surrounding transparency. While the organization performs well in accountability and finance, as evidenced by a perfect score in that category, the absence of a majority-independent board and a listed website on its tax form raises concerns about governance practices.
On a positive note, the foundation shows strong program expense efficiency, directing 94.06% of its expenses towards its programs. This commitment to program spending suggests that the foundation is focused on fulfilling its mission. Additionally, it has established solid policies regarding conflicts of interest and whistleblower protections, reflecting a level of organizational integrity.
However, the foundation's governance structure needs significant improvement, particularly in board independence and overall transparency, which could hinder its ability to operate effectively and command public trust. Addressing these limitations would be crucial for enhancing its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence E & Nancy S Glick Foundation legitimate?
Lawrence E & Nancy S Glick Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence E & Nancy S Glick 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 Lawrence E & Nancy S Glick Foundation?
The Lawrence E & Nancy S Glick Foundation's mission is centered around supporting and promoting the charitable, educational, and/or religious objectives of The Jewish Federation of Metropolitan Chicago, as outlined in their by-laws. The foundation's purpose is also extended to specifically championing charitable, educational, or religious causes, as per its charter. The foundation carries out its mission by providing grants to eligible charitable organizations, all of which are tax-exempt under IRC Section 501(c)(3) and adhere to the guidelines set by both the foundation and The Jewish Federation of Metropolitan Chicago.
What is the revenue of Lawrence E & Nancy S Glick Foundation?
Lawrence E & Nancy S Glick Foundation's revenue in 2024 was -$26,297.
Who are the executives of Lawrence E & Nancy S Glick Foundation and what are their salaries?
There 2 volunteers at Lawrence E & Nancy S Glick Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $444,304
- Other: $80,133
- Compensation: $0
- Related: $111,302
- Other: $32,373
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $548,950
- Other: $22,729
- Compensation: $0
- Related: $304,536
- Other: $48,056
- Compensation: $0
- Related: $233,080
- Other: $38,508
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lawrence E & Nancy S Glick Foundation?
Lawrence E & Nancy S Glick Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lawrence E & Nancy S Glick Foundation
The Lawrence E & Nancy S Glick Foundation, established with a mission to support the charitable, educational, and religious purposes of The Jewish Federation of Metropolitan Chicago, is dedicated to fostering, promoting, and maintaining these objectives. The foundation's role is to support and develop the specific charitable, educational, or religious purposes or functions as outlined in the charter of The Jewish Federation of Metropolitan Chicago. In fulfilling its mission, the Lawrence E & Nancy S Glick Foundation provides grants to eligible charitable organizations that meet the guidelines set by both its own by-laws and those of The Jewish Federation of Metropolitan Chicago. The foundation's key objective is to contribute to and enhance the broad charitable, educational, and/or religious purposes of its affiliated organization.
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Impact
October, 2024
The Lawrence E & Nancy S Glick Foundation significantly impacts the community by supporting and promoting charitable, educational, and religious initiatives aligned with the mission of the Jewish Federation of Metropolitan Chicago. Through its grant-making efforts, the Foundation enables a variety of tax-exempt organizations to enhance their programs and services, fostering a culture of philanthropy within Chicago and beyond.
By prioritizing the broad charitable purposes outlined in its charter, the Foundation plays a vital role in the development and maintenance of critical community resources that address diverse needs. Its support not only helps sustain established organizations but also encourages innovation and new projects that benefit individuals and families in the area. Ultimately, the Foundation's commitment to philanthropy strengthens the community's social fabric and promotes a shared vision of growth and enrichment for all.
This information is meant to be a general summary of Lawrence E & Nancy S Glick 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 2024.
- Investment Income: $18,377
- Gross Receipts: $18,377
Assets and Liabilities:
- Total Assets: $2,342,005
- Total Liabilities: $765,075
- Net Assets: $1,576,930
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Organization Details
Founding Year
1989
Principal Officer
Nancy S Glick
NTEE Category
Code: T900 - Philanthropy
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