Overview
What is Wright Memorial Endowment Fund?
The Wright Memorial Endowment Fund is a charitable organization based in Chillicothe, Missouri, with a postal address at PO Box 50. Its primary mission is to financially support the JB Wright Charitable Trust, a tax-exempt organization. The fund aims to help cover the operational deficits of the trust and contribute towards capital improvements or additions. A portion of the trustee's fee is allocated to these program services, which also include disbursing funds in support of the JB Wright Charitable Trust. In essence, the Wright Memorial Endowment Fund plays a crucial role in strengthening the financial standing of the JB Wright Charitable Trust.
Official website here: www.ebankcbt.com
Is Wright Memorial Endowment Fund legitimate?
Wright Memorial Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wright Memorial Endowment Fund 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
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Official website here: www.ebankcbt.com
What is the mission statement of Wright Memorial Endowment Fund?
The Wright Memorial Endowment Fund's mission is to provide financial support to the JB Wright Charitable Trust, a tax-exempt organization. This support is aimed at offsetting the operating deficits of the trust and funding capital improvements. The fund's activities primarily involve making grants to the JB Wright Charitable Trust, which in turn, assists with the operating deficit of Wright Memorial Hospitals and funds equipment, capital improvements, or additions. A portion of the trustee's fee is allocated to these program services. The fund's efforts are dedicated to supporting the operations and improvements of the JB Wright Charitable Trust.
Official website here: www.ebankcbt.com
Who is the CEO of Wright Memorial Endowment Fund?
Citizens Bank And Trust is the Trustee of Wright Memorial Endowment Fund.
Official website here: www.ebankcbt.com
What is the revenue of Wright Memorial Endowment Fund?
Wright Memorial Endowment Fund's revenue in 2022 was $197,169.
Official website here: www.ebankcbt.com
Who are the executives of Wright Memorial Endowment Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $74,235
Official website here: www.ebankcbt.com
Where can I find the form 990 for Wright Memorial Endowment Fund?
Wright Memorial Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ebankcbt.com
Learn more at the official website: www.ebankcbt.com
Mission Statement of Wright Memorial Endowment Fund
The Wright Memorial Endowment Fund is dedicated to providing financial assistance to the JB Wright Charitable Trust, a tax-exempt organization. Its mission is twofold: firstly, to help offset the operating deficits of the JB Wright Charitable Trust, and secondly, to contribute funds for capital improvements or additions. The Endowment Fund achieves this by granting funds to the JB Wright Charitable Trust, an organization that supports Wright Memorial Hospitals in various ways, including assisting with their operational expenses and funding equipment upgrades or renovations. A portion of the trustee's fee is allocated towards these program services, with the trustee estimating that half of their time is devoted to supporting this trust, including the disbursement of funds to the JB Wright Charitable Trust.
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Impact
October, 2024
The Wright Memorial Endowment Fund significantly impacts the healthcare landscape by providing essential financial support to the JB Wright Charitable Trust. This support helps mitigate operating deficits and facilitates critical capital improvements at Wright Memorial Hospital. Through its grant-making activities, the Endowment Fund enables the Trust to address urgent needs, such as funding new medical equipment and enhancing facilities, which directly benefits the community's access to healthcare services.
By allocating a portion of trustee fees to program services, the Fund ensures that financial resources are directed efficiently towards initiatives that improve patient care and operational sustainability. This commitment not only helps maintain the hospital’s services but also fosters an environment for ongoing growth and development, ultimately enhancing the overall health and well-being of the Chillicothe community.
This information is meant to be a general summary of Wright Memorial Endowment Fund. 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: $197,169
- Gross Receipts: $2,066,951
Assets and Liabilities:
- Total Assets: $5,253,553
- Total Liabilities: $0
- Net Assets: $5,253,553
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Organization Details
Founding Year
1932
Principal Officer
Citizens Bank And Trust
Main Address
PO BOX 50, CHILLICOTHE, MO, 64601
Website
www.ebankcbt.comNTEE Category
Code: E22I - Health
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