Overview
What is Porter-Gaud Foundation?
The Porter-Gaud Foundation is a charitable organization based in Charleston, South Carolina, with the address 300 AlbeMarle Rd, ZIP code 29407. Its primary role is to support the Porter Academy, also known as Porter-Gaud School, and its affiliated entities by stimulating, receiving, and granting charitable gifts. These funds are used to advance the educational programs and operations of the supported charities. The foundation operates for their benefit and carries out their purposes, enhancing the impact of their initiatives.
Official website here: www.portergaud.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Porter-Gaud Foundation has received an 85% score on Charity Navigator, which translates to a Three-Star rating. This rating indicates a solid level of accountability and financial health. The foundation excels in several areas, including having a fully independent board and strong oversight on financial statements, which fosters a sense of trust and reliability among donors.
However, the organization's overall score reflects some weaknesses, particularly in its program expense ratio, which stands at 58.55%. This suggests that a smaller portion of their expenses is directed toward programs compared to fundraising and administrative costs. Additionally, the absence of a whistleblower policy and a document retention and destruction policy were noted as significant omissions in their governance practices.
Despite these limitations, the foundation demonstrates strong fundraising efficiency and a robust working capital ratio, indicating its financial stability. Overall, while there are areas for improvement, the Porter-Gaud Foundation maintains a generally positive standing in terms of accountability and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Porter-Gaud Foundation legitimate?
Porter-Gaud Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porter-Gaud 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.
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Official website here: www.portergaud.edu
What is the mission statement of Porter-Gaud Foundation?
The Porter-Gaud Foundation operates with the primary goal of benefiting and supporting the Porter Academy, also known as Porter-Gaud School and its affiliated entities (the "Supported Charities"). Its mission is geared towards stimulating, receiving, and granting charitable gifts to advance educational programs of the Supported Charities. The Foundation's efforts are focused on making grants, allocations, and other transfers of its assets to these organizations for usage in their programs and operations.
Official website here: www.portergaud.edu
Who is the CEO of Porter-Gaud Foundation?
Craig Stewart is the Chair of Porter-Gaud Foundation.
Official website here: www.portergaud.edu
What is the revenue of Porter-Gaud Foundation?
Porter-Gaud Foundation's revenue in 2023 was $12,134,735.
Official website here: www.portergaud.edu
Who are the executives of Porter-Gaud Foundation and what are their salaries?
Here are 20 key members and their salaries:
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- Related: $160,618
- Other: $31,717
Official website here: www.portergaud.edu
Where can I find the form 990 for Porter-Gaud Foundation?
Porter-Gaud Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.portergaud.edu
Learn more at the official website: www.portergaud.edu
Mission Statement of Porter-Gaud Foundation
The Porter-Gaud Foundation is a charitable organization dedicated to advancing the programs of education for the Porter Academy, also known as Porter-Gaud School, and its affiliated entities. The Foundation's primary objective is to stimulate, receive, and grant charitable gifts to support these organizations. By doing so, it helps further their educational initiatives and carry out their purposes.
In essence, the Porter-Gaud Foundation acts as a catalyst for charitable giving, enabling donors to contribute funds that will directly impact the educational programs of the supported charities. This mission is essential to the continued growth and success of these organizations, allowing them to expand their reach and make a greater impact on their communities. The Foundation plays a crucial role in bridging the gap between those who wish to give and the organizations that need their support, ultimately contributing to a more enriching educational experience for students.
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Impact
October, 2024
The Porter-Gaud Foundation significantly impacts education by supporting the Porter Academy, also known as Porter-Gaud School, and its affiliated entities. By facilitating the receipt and distribution of charitable contributions, the foundation enhances educational programs and operations. This support enables the development and advancement of various initiatives, ensuring that students receive a well-rounded education. Through strategic grants and allocations, the foundation strengthens the mission of its supported charities, contributing to the overall growth and improvement of educational opportunities within the community.
This information is meant to be a general summary of Porter-Gaud 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 2023.
- Investment Income: $779,023
- Gross Receipts: $12,297,287
Assets and Liabilities:
- Total Assets: $38,788,810
- Total Liabilities: $83,079
- Net Assets: $38,705,731
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Organization Details
Founding Year
2011
Phone
(843) 556-3620Principal Officer
Craig Stewart
Main Address
300 ALBEMARLE RD, CHARLESTON, SC, 29407
Website
www.portergaud.eduNTEE Category
Code: B11 - Education
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