Overview
What is Global Charitable Fund?
The Global Charitable Fund is a nonprofit organization based in Chicago, Illinois, specifically located at 118 North Clinton Street. They specialize in facilitating charitable donations by managing donor-advised funds. Through this approach, the Global Charitable Fund enables individuals and organizations to make a significant impact on various causes by recommending grants to their preferred charities. The organization's mission revolves around the efficient and effective allocation of charitable resources, enhancing the power of giving and making a positive difference in the world.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Global Charitable Fund has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a need for improvement in several key areas. The overall score is 60%, indicating that while there are some strengths, significant weaknesses exist in accountability and financial practices. The organization benefits from a fully independent board and has shown no material diversion of assets, which is a positive sign regarding governance.
However, the nonprofit faces serious challenges in financial transparency and operational practices. It scored poorly in areas such as the financial statements, conflict of interest policies, and the transparency of its tax forms. Additionally, the lack of an independent board size and insufficient documentation practices raise concerns about the organization's adherence to best practices in governance.
Despite some positive metrics like program expense and liabilities to assets ratios, the weaknesses in fundraising efficiency and working capital ratios suggest the organization may struggle to maintain sustainability and effectively support its programs. Overall, stakeholders should approach their support with caution and encourage better practices for accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Global Charitable Fund legitimate?
Global Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Charitable 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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What is the mission statement of Global Charitable Fund?
The Global Charitable Fund focuses on facilitating charitable donations through the use of donor advised funds. In essence, they act as a conduit for individuals and organizations to make a positive impact on various causes. By providing grants and related support, the Global Charitable Fund enables donors to recommend the distribution of their philanthropic dollars to qualified charities, thereby promoting charitable giving and fostering a more generous society.
Who is the CEO of Global Charitable Fund?
David Hassan is the Executive Officer of Global Charitable Fund.
What is the revenue of Global Charitable Fund?
Global Charitable Fund's revenue in 2022 was $43,162,423.
Who are the executives of Global Charitable Fund and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Global Charitable Fund?
Global Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Global Charitable Fund
The Global Charitable Fund is a philanthropic organization that plays a pivotal role in facilitating charitable donations through donor advised funds. In simpler terms, they serve as a conduit, enabling donors to make a significant impact on various causes they care about. By harnessing the power of donor advised funds, the Global Charitable Fund helps channel generous contributions towards deserving recipients.
Through its mission, the Global Charitable Fund has accomplished remarkable feats by providing grants and essential support to numerous charitable initiatives. The organization's primary goal is to empower individuals and corporations to make informed and strategic charitable decisions by managing their donor advised funds. This allows donors to support causes that resonate with them, as well as to monitor the impact of their philanthropic efforts closely.
Moreover, the Global Charitable Fund's expertise and knowledge help to ensure that the grants awarded are used efficiently and effectively to create positive change. By leveraging donor advised funds, the organization is able to maximize the social impact of charitable donations, making every dollar count towards making a difference in the lives of people and communities in need.
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Impact
October, 2024
Global Charitable Fund has made a significant impact by facilitating charitable donations through donor advised funds. By providing grants and related support, the organization empowers individuals and groups to make a difference in their communities and beyond. Based in Chicago, Illinois, it streamlines the philanthropic process, enabling donors to engage in thoughtful giving and support causes they care about. Through its initiatives, Global Charitable Fund enhances the overall effectiveness of charitable giving, making it more accessible and meaningful for both donors and recipients.
This information is meant to be a general summary of Global Charitable 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.
- Gross Receipts: $43,162,423
Assets and Liabilities:
- Total Assets: $2,701,705
- Total Liabilities: $0
- Net Assets: $2,701,705
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Organization Details
Founding Year
2014
Phone
(847) 274-9594Principal Officer
David Hassan
Main Address
118 NORTH CLINTON STREET, CHICAGO, IL, 60661
NTEE Category
Code: T30 - Philanthropy
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