Overview
What is Anglo-American Charitable Foundation Ltd?
The Anglo-American Charitable Foundation Ltd is a philanthropic organization, serving as a donor-advised charity for both UK residents and US citizens. Based in Smithfield, NC, its primary function involves distributing funds to educational and religious institutions. This nonprofit organization operates under the mission of allowing its contributors to recommend the charities they wish to support, acting as an intermediary to facilitate these donations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%)
The Anglo-American Charitable Foundation Ltd has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization demonstrates a strong commitment to its programs, evidenced by a high program expense ratio of 98.37%. Additionally, it maintains a healthy liabilities to assets ratio of 15.29%, showcasing sound financial management in terms of debt.
However, there are significant areas where the foundation falls short, particularly in governance and transparency. The board lacks sufficient independent members, with only 33% being independent, and several essential policies are missing, including those related to conflicts of interest and whistleblower protections. Moreover, the organization has not provided financial statements, which raises concerns about its accountability.
Overall, while the foundation excels in directing funds toward its programs, it urgently needs to improve its governance practices and financial transparency to foster trust and credibility among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Anglo-American Charitable Foundation Ltd legitimate?
Anglo-American Charitable Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anglo-American Charitable Foundation Ltd 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: $21,353
For more financial information, click here
What is the mission statement of Anglo-American Charitable Foundation Ltd?
The Anglo-American Charitable Foundation serves as a donor-advised charity, catering to both UK residents and US citizens. Its primary mission is to provide financial assistance to educational and religious institutions, working towards charitable objectives without specifying any specific mission statement in the provided information.
Who is the CEO of Anglo-American Charitable Foundation Ltd?
Stuart E Horwich is the President of Anglo-American Charitable Foundation Ltd.
What is the revenue of Anglo-American Charitable Foundation Ltd?
Anglo-American Charitable Foundation Ltd's revenue in 2022 was $4,420,904.
Who are the executives of Anglo-American Charitable Foundation Ltd and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $1,800
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Anglo-American Charitable Foundation Ltd?
Anglo-American Charitable Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anglo-American Charitable Foundation Ltd
The Anglo-American Charitable Foundation, as a donor-advised charity, serves both UK residents and US citizens. Its primary mission is to distribute funds to educational and religious institutions. This philanthropic organization plays a crucial role in supporting these sectors, contributing to their growth and development. The foundation's activities are geared towards making a positive impact in various communities, demonstrating its commitment to charitable giving.
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Impact
July, 2024
The impact of Anglo-American Charitable Foundation Ltd is primarily seen through its support of educational and religious institutions. By operating as a donor advised charity for UK residents and US citizens, it enables individuals to contribute to meaningful causes in these sectors. Through the granting of funds, the foundation plays a crucial role in facilitating philanthropy and making a positive difference in the community.
This information is meant to be a general summary of Anglo-American Charitable Foundation Ltd. 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: -$395,136
- Gross Receipts: $4,420,904
Assets and Liabilities:
- Total Assets: $5,146,215
- Total Liabilities: $786,963
- Net Assets: $4,359,252
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Organization Details
Phone
(480) 776-3358Principal Officer
Stuart E Horwich
Main Address
C/O NARRON WENZEL PA 102 S 3RD ST, SMITHFIELD, NC, 27577
NTEE Category
Code: T20 - Philanthropy
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