Overview
What is Faegre Drinker Foundation?
Faegre Drinker Foundation is a charitable organization associated with the law firm of Faegre Drinker Biddle & Reath LLP. Its primary mission is to support the communities served by this law firm, focusing on organizations that excel in providing social, legal, and cultural programs. The foundation primarily contributes to non-profit charitable organizations, educational institutions, and law schools, aiming to enrich the experiences of diverse individuals within these communities. Based in Minneapolis, Minnesota, the foundation's activities are geared towards supporting organizations that lead the way in delivering impactful programs across various sectors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Faegre Drinker Foundation has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The foundation lacks independent board members, which raises questions about governance and oversight. Additionally, several key policies, such as conflict of interest and whistleblower protections, are absent, which may hinder organizational transparency.
Despite these issues, the foundation demonstrates a strong commitment to program expenses, with 99.88% of its funds directed towards its programs. This suggests a focus on fulfilling its mission, but the absence of basic governance structures and publicly available financial statements detracts from its overall effectiveness.
Furthermore, the foundation's failure to maintain a website that provides necessary tax and governance documentation limits public access to important information. This lack of transparency could potentially affect donor confidence and the foundation's ability to attract future support.
This AI summary has been generated from information found on Charity Navigator.
Is Faegre Drinker Foundation legitimate?
Faegre Drinker Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faegre Drinker 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 Faegre Drinker Foundation?
The Faegre Drinker Foundation's mission is to support the communities served by the law firm of Faegre Drinker Biddle & Reath LLP. They achieve this by focusing on organizations that lead in providing social, legal, and cultural programs. These programs aim to enrich the experiences of the diverse range of people in these communities. The foundation supports this by making contributions to various non-profit charitable organizations, educational institutions, and law schools.
Who is the CEO of Faegre Drinker Foundation?
Andrew Humphrey is the President/Director of Faegre Drinker Foundation.
What is the revenue of Faegre Drinker Foundation?
Faegre Drinker Foundation's revenue in 2022 was $600,547.
Who are the executives of Faegre Drinker Foundation and what are their salaries?
There 8 volunteers at Faegre Drinker Foundation.
Here are 4 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
Where can I find the form 990 for Faegre Drinker Foundation?
Faegre Drinker Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Faegre Drinker Foundation
Faegre Drinker Foundation, in its mission, aims to bolster the communities served by Faegre Drinker Biddle & Reath LLP by focusing on organizations that excel in providing social, legal, and cultural programs. These programs are designed to enrich the experiences of the diverse population within these communities. By offering financial contributions to non-profit charitable organizations, educational institutions, and law schools, Faegre Drinker Foundation seeks to promote positive change and foster growth within these communities. The foundation's support is specifically directed toward organizations that showcase leadership in the delivery of programs that cater to the social, legal, and cultural needs of the people they serve.
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Impact
July, 2024
The Faegre Drinker Foundation makes a significant impact by supporting communities served by the law firm of Faegre Drinker Biddle & Reath LLP. They focus on organizations that are leaders in providing social, legal, and cultural programs that enrich the experience of the diverse range of people in these communities. Through contributions to nonprofit charitable organizations, educational organizations, and law schools, the foundation plays a key role in promoting philanthropy and community development in Minneapolis, MN.
This information is meant to be a general summary of Faegre Drinker 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: $547
- Gross Receipts: $600,547
Assets and Liabilities:
- Total Assets: $644,543
- Total Liabilities: $0
- Net Assets: $644,543
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Organization Details
Founding Year
1993
Phone
(612) 766-7000Principal Officer
Andrew Humphrey
Main Address
WELLS FARGO CENTER 90 S 7TH ST 2200, MINNEAPOLIS, MN, 55402
NTEE Category
Code: T50Z - Philanthropy
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