Overview
What is Legacy Give Foundation?
The Legacy Give Foundation, situated in McKinney, Texas, serves as a supportive partner to several charitable organizations, namely Emily's Place, NonPareil Institute, and Grow Gospel Initiatives. This nonprofit organization is dedicated to aiding these entities in fulfilling their missions, which primarily focus on assisting families in need. By providing resources and assistance, Legacy Give Foundation's mission is to continue supporting local non-profit charities, thereby contributing positively to their communities.
Official website here: www.legacygive.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star Rating
The Legacy Give Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 56% overall, with particular weaknesses highlighted in governance practices, such as having no independent board members and missing key policies, like conflict of interest and whistleblower policies.
Despite the governance issues, the foundation excels in its program expense ratio, allocating 99.93% of its expenses directly to programs, which is a strong indicator of its commitment to its mission. The absence of any material diversion of assets is a positive aspect, suggesting that funds are being used as intended. However, the lack of independent board members raises questions about oversight and decision-making.
The foundation's transparency is also a concern, as it has not posted its tax form on its website, and it is missing several important policies that could help safeguard the organization against mismanagement. Overall, while the Legacy Give Foundation demonstrates a high commitment to program funding, its governance and transparency practices require significant improvement to ensure confidence from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Give Foundation legitimate?
Legacy Give Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Give 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.legacygive.org
What is the mission statement of Legacy Give Foundation?
The Legacy Give Foundation, as a non-profit entity, is committed to providing ongoing support to local charitable organizations. Their mission is to aid these organizations in fulfilling their objectives, specifically those that assist families in need. The foundation collaborates with several charities, including Emily's Place, NonPareil Institute, and Grow Gospel Initiatives, to help them accomplish their respective goals.
Official website here: www.legacygive.org
Who is the CEO of Legacy Give Foundation?
Mike Cantrell is the Director of Legacy Give Foundation.
Official website here: www.legacygive.org
What is the revenue of Legacy Give Foundation?
Legacy Give Foundation's revenue in 2022 was $51,486.
Official website here: www.legacygive.org
Who are the executives of Legacy Give Foundation and what are their salaries?
There 10 volunteers at Legacy Give Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.legacygive.org
Where can I find the form 990 for Legacy Give Foundation?
Legacy Give Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacygive.org
Learn more at the official website: www.legacygive.org
Mission Statement of Legacy Give Foundation
Legacy Give, a non-profit organization, is dedicated to providing continuous support for local charities that strive to aid families in need. The mission of Legacy Give is to assist these charitable entities in fulfilling their objectives. To accomplish this, Legacy Give collaborates with several organizations, including Emily's Place, Nonpareil Institute, and Grow Gospel Initiatives. By partnering with these entities, Legacy Give enables them to carry out their respective missions more effectively.
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Impact
August, 2024
Legacy Give Foundation's impact can be seen in the support and resources it provides to organizations dedicated to helping families in need. By partnering with charitable organizations like Emily's Place, NonPareil Institute, and Grow Gospel Initiatives, Legacy Give Foundation actively contributes to their missions. Based in McKinney, Texas, the foundation's mission is focused on assisting and continuing support for local non-profit charities, ultimately making a difference in the field of human services.
This information is meant to be a general summary of Legacy Give 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 2022.
- Gross Receipts: $51,486
Assets and Liabilities:
- Total Assets: $228,131
- Total Liabilities: $0
- Net Assets: $228,131
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Organization Details
Founding Year
2014
Phone
(972) 824-2133Principal Officer
Mike Cantrell
Main Address
6841 VIRGINIA PARKWAY STE 103-371, MCKINNEY, TX, 75071
Website
www.legacygive.orgNTEE Category
Code: P12 - Human services
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