Overview
What is Walter N Charles Trust?
The Walter N Charles Trust is a philanthropic organization, located in Iowa City, Iowa. Its primary mission is to contribute towards the welfare of two prominent nonprofits: the American Cancer Society and the American National Red Cross. It distributes its investment income equally between these two organizations, supporting their respective activities and initiatives. The trust's commitment to these organizations reflects its dedication to promoting health, well-being, and relief efforts in various capacities.
Is Walter N Charles Trust legitimate?
Walter N Charles Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walter N Charles Trust 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: $6,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Walter N Charles Trust?
The Walter N Charles Trust is committed to supporting two prominent organizations in their respective fields: the American Cancer Society and the American National Red Cross. The trust distributes its investment income equally between these two organizations, demonstrating its dedication to contributing to their respective causes. This support is instrumental in furthering the missions of both organizations, which are centered around cancer research and emergency aid, respectively. The American Cancer Society focuses on eradicating cancer through research and patient support, while the American National Red Cross provides aid during emergencies and natural disasters, as well as offering educational programs and blood donation services. The Walter N Charles Trust's support plays a crucial role in the efforts of these organizations.
Who is the CEO of Walter N Charles Trust?
Midwestone Bank Sandra Morrow Vp is the Trustee of Walter N Charles Trust.
What is the revenue of Walter N Charles Trust?
Walter N Charles Trust's revenue in 2022 was $26,541.
Who are the executives of Walter N Charles Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,025
- Related: $0
- Other: $0
Where can I find the form 990 for Walter N Charles Trust?
Walter N Charles Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walter N Charles Trust
The Walter N Charles Trust is a philanthropic organization that has dedicated its mission to supporting two prominent nonprofit organizations: the American Cancer Society and the American National Red Cross. This trust aims to distribute its investment income equally between these two organizations, thereby contributing to their respective causes. By doing so, the Walter N Charles Trust plays a significant role in supporting the American Cancer Society's efforts in fighting cancer and the American National Red Cross's initiatives in providing emergency assistance, disaster relief, and blood services.
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Impact
October, 2024
Walter N Charles Trust significantly impacts the community by providing essential financial support to the American Cancer Society and the American National Red Cross. By evenly distributing all investment income between these two organizations, the trust plays a crucial role in enhancing their capacities to fight cancer and respond to emergencies.
The American Cancer Society utilizes these funds to further cancer research, support patients and families, and promote awareness initiatives that ultimately aim to reduce cancer rates. Meanwhile, the American National Red Cross relies on these contributions to offer disaster relief, health services, and emergency preparedness programs.
Located in Iowa City, IA, the Walter N Charles Trust demonstrates a commitment to addressing critical health and humanitarian challenges through its philanthropic efforts, thereby fostering a stronger, more resilient community.
This information is meant to be a general summary of Walter N Charles Trust. 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: $26,541
- Gross Receipts: $235,162
Assets and Liabilities:
- Total Assets: $735,503
- Total Liabilities: $0
- Net Assets: $735,503
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Organization Details
Founding Year
1981
Phone
(319) 248-5146Principal Officer
Midwestone Bank Sandra Morrow Vp
Main Address
PO BOX 1700, IOWA CITY, IA, 52244
NTEE Category
Code: T122 - Philanthropy
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