Overview
What is Million Dollar Round Table Foundation?
The Million Dollar Round Table Foundation is a charitable organization, serving as the philanthropic arm of Million Dollar Round Table (MDRT), a global association of financial services professionals. Located in Park Ridge, Illinois, the foundation provides grant funding to a diverse range of charitable programs worldwide. Their grant allocation process is based on a thorough application process, foundation policy, or the discretion of the Board of Trustees. Only eligible organizations, operating as non-profit entities for charitable purposes, are considered for funding. The mission of the Million Dollar Round Table Foundation is to encourage involvement and generosity from MDRT members and the broader industry, while supporting worthy charitable organizations globally, thereby demonstrating the impact and compassion of its members.
Official website here: www.mdrtfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Stars
The Million Dollar Round Table Foundation has received a high rating of 96% based entirely on its accountability and finance practices, earning it a prestigious Four-Star designation. This score reflects the organization’s commitment to transparency and effective management of resources, illustrating that it has robust financial health and practices in place.
Strengths of the foundation include a fully independent board, which consists of 19 members, and a comprehensive set of policies that ensure ethical governance and operational integrity. Moreover, the foundation shows a strong program expense ratio of 81.11%, indicating that a significant portion of its expenses directly supports its mission-driven activities.
There are no reported limitations or concerns regarding this organization, as it has demonstrated strong performance in all assessed areas, including financial oversight, conflict of interest policies, and asset management. The Million Dollar Round Table Foundation stands out as a well-managed nonprofit that is dedicated to maintaining high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Million Dollar Round Table Foundation legitimate?
Million Dollar Round Table Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Million Dollar Round Table 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.
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For more financial information, click here
Official website here: www.mdrtfoundation.org
What is the mission statement of Million Dollar Round Table Foundation?
The Million Dollar Round Table Foundation, serving as the charitable arm of Million Dollar Round Table, a global association of financial services professionals, has a mission to encourage participation from its members and contribute funds to worthy charitable organizations worldwide. The foundation demonstrates the generosity, service, and impact of its MDRT members by donating to various charitable organizations globally. The Million Dollar Round Table Foundation provides grant funding to a diverse range of charitable programs worldwide, determining award recipients through a grant application process, foundation policy, or the Board of Trustees. All grant recipients must meet eligibility requirements, operating as not-for-profit entities with charitable purposes.
Official website here: www.mdrtfoundation.org
Who is the CEO of Million Dollar Round Table Foundation?
Michele L Stauff is the Principal Officer of Million Dollar Round Table Foundation.
Official website here: www.mdrtfoundation.org
What is the revenue of Million Dollar Round Table Foundation?
Million Dollar Round Table Foundation's revenue in 2022 was $3,474,556.
Official website here: www.mdrtfoundation.org
Who are the executives of Million Dollar Round Table Foundation and what are their salaries?
There 576 volunteers at Million Dollar Round Table Foundation.
Here are 22 key members and their salaries:
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- Other: $12,784
Official website here: www.mdrtfoundation.org
Where can I find the form 990 for Million Dollar Round Table Foundation?
Million Dollar Round Table Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdrtfoundation.org
Learn more at the official website: www.mdrtfoundation.org
Mission Statement of Million Dollar Round Table Foundation
The Million Dollar Round Table Foundation, acting as the charitable arm of Million Dollar Round Table, serves a noble mission. This mission is centered around encouraging and facilitating participation from its members and the broader financial services industry, while simultaneously channeling resources to deserving charitable organizations worldwide. The foundation's primary objective is to showcase the benevolence, service, and far-reaching impact of its MDRT members.
In pursuit of its mission, the Million Dollar Round Table Foundation extends grant funding to a wide array of charitable programs globally. The process for awarding these grants is meticulous, involving a grant application procedure, adherence to foundation policies, or approval from the Board of Trustees. All recipients of these grants must meet stringent eligibility requirements, including operating as non-profit entities with a charitable purpose. The foundation's generosity spans across multiple continents, making a tangible difference in countless lives.
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Impact
October, 2024
The Million Dollar Round Table Foundation has made a significant impact by providing grant funding to a diverse array of charitable programs globally. Through its grant application process, the Foundation supports organizations that demonstrate a commitment to charitable purposes. This initiative not only fosters generosity and service among financial services professionals but also enhances community welfare by addressing various needs around the world. By empowering MDRT members to engage in philanthropy, the Foundation amplifies the collective efforts of individuals towards meaningful causes, promoting a culture of giving and social responsibility in the industry.
This information is meant to be a general summary of Million Dollar Round Table 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: $1,594,876
- Gross Receipts: $8,432,940
Assets and Liabilities:
- Total Assets: $32,121,511
- Total Liabilities: $111,397
- Net Assets: $32,010,114
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Organization Details
Founding Year
1959
Phone
(847) 692-6378Principal Officer
Michele L Stauff
Main Address
325 W TOUHY AVENUE, PARK RIDGE, IL, 60068
Website
www.mdrtfoundation.orgNTEE Category
Code: T30 - Philanthropy
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