Overview
What is Hennessy Charitable Trust?
Hennessy Charitable Trust is a nonprofit organization located in Dubuque, Iowa, with a strong commitment to supporting the retired and infirm members of the Sisters of the Presentation. Established to further the mission of this religious congregation, the trust provides essential financial aid to ensure their well-being. In 2022 alone, the trust disbursed $3,600,000 to fulfill this mission, demonstrating its unwavering dedication to the sisters. The trust's primary activity is to offer material assistance and care, ensuring the Sisters of the Presentation can live out their lives with dignity and security.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Hennessy Charitable Trust has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating is derived entirely from its Accountability & Finance metrics, indicating the charity's commitment to transparency and responsible financial management. The organization has performed well across numerous indicators, showcasing a solid fiscal health profile.
Strengths of the Hennessy Charitable Trust include a fully independent board, with 100% of its members being independent, and a strong program expense ratio of 87.71%, meaning a significant portion of its funds directly supports its programs. Additionally, there is no indication of material diversion of assets, and the organization has a clear conflict of interest policy in place, further enhancing its accountability.
While the overall score is positive, it is important to note that the rating is based solely on financial metrics, and no other beacons were considered. This suggests that prospective donors may want to look for additional information regarding the charity's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hennessy Charitable Trust legitimate?
Hennessy Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hennessy Charitable 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:
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Other Salaries and Wages: $0
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What is the mission statement of Hennessy Charitable Trust?
Hennessy Charitable Trust, established by the Sisters of the Presentation, serves to provide financial assistance and care for the retired and infirm members of this religious congregation. Its mission is deeply rooted in supporting the Sisters of the Presentation, ensuring their well-being and material support in their later years. The Trust was established to uphold the mission and responsibilities of the Sisters of the Presentation, particularly in addressing the needs of the aged and infirm members. In 2022, Hennessy Charitable Trust allocated a significant sum of $3,600,000 to support the Sisters of the Presentation, underscoring its commitment to fulfilling its mission.
Who is the CEO of Hennessy Charitable Trust?
Virginia Evelina Foletta is the Principal Officer of Hennessy Charitable Trust.
What is the revenue of Hennessy Charitable Trust?
Hennessy Charitable Trust's revenue in 2022 was $0.
Who are the executives of Hennessy Charitable Trust and what are their salaries?
There 7 volunteers at Hennessy Charitable Trust.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Hennessy Charitable Trust?
Hennessy Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hennessy Charitable Trust
Hennessy Charitable Trust, established by the Sisters of the Presentation, is a nonprofit organization dedicated to providing financial support and care for its retired and infirm members. The trust's mission is deeply rooted in its obligation to uphold the mission and responsibility of the Sisters of the Presentation, particularly in ensuring the material well-being of its elderly and ailing members. Throughout 2022, Hennessy Charitable Trust demonstrated its commitment to this mission by providing an impressive $3,600,000 in support for the Sisters of the Presentation. This financial aid is instrumental in maintaining the well-being of these individuals, allowing them to continue living with dignity and comfort in their later years.
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Impact
October, 2024
Hennessy Charitable Trust significantly impacts the lives of retired and infirm members of the Sisters of the Presentation by ensuring their material support and care. In 2022 alone, the Trust provided $3,600,000 to uphold its mission, which is dedicated to the well-being of these professed members. Established by the Sisters themselves, the Trust reflects a deep commitment to honoring their legacy and responsibilities, ensuring that those who dedicated their lives to service receive comprehensive support in their later years. Its efforts highlight the importance of philanthropy in sustaining the needs of vulnerable populations within religious communities, fostering dignity and care in retirement.
This information is meant to be a general summary of Hennessy Charitable 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.
Assets and Liabilities:
- Total Assets: $69,986,391
- Total Liabilities: $0
- Net Assets: $69,986,391
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Organization Details
Founding Year
1996
Phone
(563) 588-2008Principal Officer
Virginia Evelina Foletta
Main Address
2360 Carter Road, Dubuque, IA, 520012997
NTEE Category
Code: T00 - Philanthropy
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