Overview
What is Greater Milwaukee Foundation Inc?
Greater Milwaukee Foundation Inc is a local community foundation in Milwaukee, Wisconsin, with a rich history spanning over 100 years. The organization inspires philanthropy by providing opportunities for individuals and families committed to making a difference in their community, leaving a lasting legacy. Through their generous donor investments, the Greater Milwaukee Foundation significantly influences and improves the region by engaging in discretionary grantmaking, thereby strengthening communities for current and future generations. With a dedicated team of 67 employees, the foundation serves as a vital bridge between donors and community needs.
Official website here: www.greatermilwaukeefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% - Four-Star out of Four Stars
The Greater Milwaukee Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. With a remarkable score of 99 in this category, the foundation demonstrates effective management of its finances and programs. Its program expense ratio stands at 89.30%, indicating a substantial commitment to its mission through programmatic spending.
In terms of leadership and adaptability, the foundation excelled with a perfect score of 100, showcasing its capacity to adapt and lead effectively within the nonprofit sector. The organization benefits from a fully independent board, comprised of 15 members, which enhances its governance and decision-making processes. Notably, the foundation has robust audit and oversight protocols, with no reported material diversion of assets.
However, there are some areas for improvement; while the organization has established several important policies, the absence of a donor privacy policy could raise concerns for potential contributors. Overall, the Greater Milwaukee Foundation Inc stands out as a well-managed organization with strong accountability and community engagement, but it should consider enhancing its policies to further bolster donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Milwaukee Foundation Inc legitimate?
Greater Milwaukee Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Milwaukee Foundation Inc 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: $851,442
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,503,015
For more financial information, click here
Official website here: www.greatermilwaukeefoundation.org
What is the mission statement of Greater Milwaukee Foundation Inc?
The Greater Milwaukee Foundation Inc inspires philanthropy and serves donors, working towards strengthening communities, both presently and for future generations. With over a century of experience, the organization has facilitated the legacy-building of philanthropic individuals and families, enabling them to leave a lasting impact on their community. Through ongoing donor investments, the foundation influences and shapes their region via discretionary grantmaking.
Official website here: www.greatermilwaukeefoundation.org
Who is the CEO of Greater Milwaukee Foundation Inc?
Ken Robertson is the Board Member of Greater Milwaukee Foundation Inc.
Official website here: www.greatermilwaukeefoundation.org
What is the revenue of Greater Milwaukee Foundation Inc?
Greater Milwaukee Foundation Inc's revenue in 2022 was $87,591,185.
Official website here: www.greatermilwaukeefoundation.org
Who are the executives of Greater Milwaukee Foundation Inc and what are their salaries?
The average compensation at Greater Milwaukee Foundation Inc during 2022 was $94,843. There are 67 employees and 39 volunteers at Greater Milwaukee Foundation Inc.
Here are 27 key members and their salaries:
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- Compensation: $141,572
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- Other: $31,705
- Compensation: $175,611
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- Other: $21,628
Official website here: www.greatermilwaukeefoundation.org
Where can I find the form 990 for Greater Milwaukee Foundation Inc?
Greater Milwaukee Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greatermilwaukeefoundation.org
Learn more at the official website: www.greatermilwaukeefoundation.org
Mission Statement of Greater Milwaukee Foundation Inc
Greater Milwaukee Foundation Inc, a community foundation with a rich history spanning over a century, is dedicated to inspiring philanthropy, serving donors, and strengthening communities for current and future generations. By fostering philanthropic efforts, this organization plays a pivotal role in helping individuals and families leave a lasting legacy in their community.
Through the ongoing investments made by their generous donors, Greater Milwaukee Foundation Inc has the power to significantly influence and impact their region. Their discretionary grantmaking enables them to address the ever-evolving needs of their community and contribute to its overall growth and prosperity. The Foundation's commitment to their mission extends beyond the present, with a focus on creating a stronger, more vibrant community for future generations.
In simple terms, Greater Milwaukee Foundation Inc serves as a bridge between donors and the community, facilitating charitable giving and ensuring that resources are used effectively and efficiently to address pressing social issues and benefit the lives of individuals within their region. Their mission is a testament to the power of collective giving and the transformative impact it can have on a community.
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Impact
October, 2024
The Greater Milwaukee Foundation Inc. significantly influences the region by fostering a culture of philanthropy and providing resources that empower individuals and families to make lasting contributions. For over a century, the foundation has played a crucial role in building a vibrant community through its discretionary grantmaking, which allows for targeted investments in essential programs and services.
By inspiring philanthropy, the foundation encourages donors to think critically about their legacies and the impact they wish to have on future generations. This commitment not only strengthens community initiatives but also addresses pressing local needs, making a tangible difference in the lives of many residents. The foundation stands as a pillar of support, continuously working to improve the quality of life in Milwaukee and ensuring that the community thrives now and in the years to come.
This information is meant to be a general summary of Greater Milwaukee Foundation Inc. 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: $26,752,678
- Gross Receipts: $381,185,473
Assets and Liabilities:
- Total Assets: $894,352,035
- Total Liabilities: $13,082,190
- Net Assets: $881,269,845
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Organization Details
Founding Year
1989
Phone
(414) 275-5805Principal Officer
Ken Robertson
Main Address
101 W PLEASANT 210, MILWAUKEE, WI, 53212
NTEE Category
Code: T310 - Philanthropy
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