Overview
What is The Dorsey & Whitney Foundation?
The Dorsey & Whitney Foundation is a philanthropic organization, headquartered in Minneapolis, Minnesota. Committed to its mission, the foundation provides financial assistance to charitable and educational institutions, helping them further their exempt objectives. By extending grants, it aids these organizations in fulfilling their purposes, contributing to various sectors and communities. The foundation's activities are primarily focused on offering support to tax-exempt charitable and educational organizations.
Official website here: www.dorsey.com/community/dw-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Dorsey & Whitney Foundation has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 61%. While the organization excels in accountability and finance, achieving a perfect score in that category, it has significant weaknesses in board independence and governance practices. With no independent board members, the foundation lacks diverse oversight, which may hinder its accountability.
Strengths of the foundation include a high program expense ratio of 99.98%, suggesting that nearly all its funds are directed towards its programs rather than administrative costs or fundraising. Additionally, the absence of material diversion of assets and liabilities to assets ratio of 0% indicate solid financial integrity. However, the foundation's failure to provide financial statements and implement certain key policies, such as a whistleblower policy and document retention protocol, raises concerns regarding its transparency and governance.
Overall, while The Dorsey & Whitney Foundation demonstrates effective program spending and financial integrity, it must address its governance issues, particularly the lack of independent board members and missing policies, to enhance its overall operations and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Dorsey & Whitney Foundation legitimate?
The Dorsey & Whitney Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Dorsey & Whitney 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
Official website here: www.dorsey.com/community/dw-foundation
What is the mission statement of The Dorsey & Whitney Foundation?
The Dorsey & Whitney Foundation's mission is centered around supporting tax-exempt charitable and educational organizations. They accomplish this by providing grants to these organizations, which in turn help further their exempt purposes. The foundation's activities are geared towards aiding these organizations in achieving their goals, thereby contributing positively to the communities they serve.
Official website here: www.dorsey.com/community/dw-foundation
Who is the CEO of The Dorsey & Whitney Foundation?
Theresa Mielke is the Chair & Director of The Dorsey & Whitney Foundation.
Official website here: www.dorsey.com/community/dw-foundation
What is the revenue of The Dorsey & Whitney Foundation?
The Dorsey & Whitney Foundation's revenue in 2022 was $2,417,287.
Official website here: www.dorsey.com/community/dw-foundation
Who are the executives of The Dorsey & Whitney Foundation and what are their salaries?
There 10 volunteers at The Dorsey & Whitney Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dorsey.com/community/dw-foundation
Where can I find the form 990 for The Dorsey & Whitney Foundation?
The Dorsey & Whitney Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dorsey.com/community/dw-foundation
Learn more at the official website: www.dorsey.com/community/dw-foundation
Mission Statement of The Dorsey & Whitney Foundation
The Dorsey & Whitney Foundation is committed to supporting the endeavors of tax-exempt charitable and educational organizations. This philanthropic entity focuses its efforts on providing grants to such organizations, with the intention of helping them further their exempt purposes. By offering financial assistance, The Dorsey & Whitney Foundation plays a significant role in empowering these organizations to fulfill their missions and make a positive impact in their respective communities. This foundation's mission is a testament to its dedication to the betterment of society through the support of charitable and educational initiatives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of The Dorsey & Whitney Foundation is evident in its support for tax-exempt charitable and educational organizations. Through grants made to these organizations, the foundation helps further their exempt purposes, leading to positive outcomes in various areas. The foundation's work reflects its commitment to supporting the community and contributing to the betterment of society.
This information is meant to be a general summary of The Dorsey & Whitney 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: $34
- Gross Receipts: $2,417,287
Assets and Liabilities:
- Total Assets: $346,225
- Total Liabilities: $0
- Net Assets: $346,225
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Phone
(612) 340-2844Principal Officer
Theresa Mielke
Main Address
50 S SIXTH STREET 1500, MINNEAPOLIS, MN, 554021498
NTEE Category
Code: Z99 - Unknown
If you are a representative of The Dorsey & Whitney Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.