Overview
What is Sharedimpact Foundation?
Sharedimpact Foundation is a global donor-advised fund, headquartered in Hebron, Connecticut. Its primary mission is to empower philanthropists, foundations, and family offices by providing them access to social investment expertise. This access enables donors to make tax-deductible donations globally, through a social investment market. The foundation's activity involves donating the funds contributed to various organizations worldwide. By doing so, Sharedimpact Foundation bridges the gap between philanthropists and the organizations that need their support, thereby contributing to social causes on a global scale.
Official website here: www.sharedimpact.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Sharedimpact Foundation has received a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The overall score is based entirely on its accountability and finance metrics, demonstrating a strong commitment to transparency and responsible financial practices. The foundation has maintained a high program expense ratio of 93.71%, indicating that a significant portion of its funds is directed towards its programs.
One of the strengths of the Sharedimpact Foundation is its governance structure, highlighted by having a fully independent board. The foundation has achieved a perfect score for both the majority of independent board members and the independent board size, which enhances its credibility and decision-making processes. Additionally, the absence of material diversion of assets further reinforces its accountability.
However, there are areas where the foundation could improve. Notably, it lacks a whistleblower policy, which is a critical component of a robust governance framework. While the foundation excels in many aspects, addressing such gaps can enhance its overall accountability and stakeholder trust in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Sharedimpact Foundation legitimate?
Sharedimpact Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharedimpact 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.sharedimpact.org
What is the mission statement of Sharedimpact Foundation?
The Sharedimpact Foundation's mission is to serve as a global donor-advised fund, offering philanthropists, foundations, and family offices access to social investment expertise. By doing so, this organization enables donors to make tax-deductible donations worldwide through a social investment market. The Sharedimpact Foundation's primary activity involves channeling the funds it receives to various organizations globally, thereby supporting various social initiatives.
Official website here: www.sharedimpact.org
Who is the CEO of Sharedimpact Foundation?
David Rose is the Secretary/Tr of Sharedimpact Foundation.
Official website here: www.sharedimpact.org
What is the revenue of Sharedimpact Foundation?
Sharedimpact Foundation's revenue in 2022 was $165,965.
Official website here: www.sharedimpact.org
Who are the executives of Sharedimpact Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sharedimpact.org
Where can I find the form 990 for Sharedimpact Foundation?
Sharedimpact Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sharedimpact.org
Learn more at the official website: www.sharedimpact.org
Mission Statement of Sharedimpact Foundation
Sharedimpact Foundation serves as a global donor-advised fund, catering to philanthropists, foundations, and family offices. Its primary mission is to extend access to social investment expertise to these entities. By doing so, Sharedimpact enables donors to make tax-deductible donations globally through a social investment market. This mechanism allows Sharedimpact to channel funds contributed by its donors to various organizations worldwide, thereby supporting a wide range of social causes.
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Impact
October, 2024
The Sharedimpact Foundation has made a significant impact by connecting philanthropists, foundations, and family offices with social investment expertise. By facilitating tax-deductible donations to organizations worldwide, it empowers donors to strategically allocate their funds to various causes, enhancing the effectiveness of their philanthropic efforts. This global donor-advised fund leverages a social investment market, promoting impactful giving and fostering collaboration among like-minded individuals and entities. As a result, Sharedimpact has not only expanded the reach of charitable contributions but also enriched the philanthropic landscape by providing valuable insights and resources for effective social investments.
This information is meant to be a general summary of Sharedimpact 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.
- Investment Income: $42,860
- Gross Receipts: $536,282
Assets and Liabilities:
- Total Assets: $3,456,161
- Total Liabilities: $150,000
- Net Assets: $3,306,161
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Organization Details
Founding Year
2013
Phone
(646) 627-7900Principal Officer
David Rose
Main Address
274 WALL ST, HEBRON, CT, 06248
Website
www.sharedimpact.orgNTEE Category
Code: T12 - Philanthropy
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