Overview
What is Jasper Ridge Charitable Fund?
The Jasper Ridge Charitable Fund, headquartered at 201 Main Street 1000, Fort Worth, Texas, operates primarily as an organization that manages donor-advised funds (DAFs). It accepts contributions, primarily from individuals, foundations, corporations, partnerships, trusts, and estates, which are then invested in various mutual funds, ETFs, and partnerships to maintain liquidity for frequent grantmaking. Although the Fund retains ultimate legal control over all donations, donor advisors can suggest charitable recipients for grants. The mission of Jasper Ridge Charitable Fund is to expand the philanthropic impact of donors by simplifying charitable giving and raising awareness of opportunities to better social welfare through charitable grants and impact investments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
Jasper Ridge Charitable Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score of 57% reflects weaknesses particularly in governance, such as having no independent board members and an ineffective board size, which raises questions about oversight and decision-making processes.
Despite these governance issues, the organization has some strengths, including effective financial statement auditing and a strong commitment to conflict of interest and whistleblower policies. The program expense ratio is also commendable, suggesting that funds are being directed toward its mission effectively. However, the lack of independent board members and poor fundraising efficiency are notable limitations.
The charity's financial health appears to be problematic, as indicated by a low liabilities to assets ratio and insufficient working capital. These elements combined evoke concerns about its long-term sustainability and operational effectiveness, which potential donors might want to consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Jasper Ridge Charitable Fund legitimate?
Jasper Ridge Charitable Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jasper Ridge 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
For more financial information, click here
What is the mission statement of Jasper Ridge Charitable Fund?
The Jasper Ridge Charitable Fund aims to expand the philanthropic impact of donors by supporting and simplifying charitable giving. They accomplish this through managing donor advised funds and promoting awareness of opportunities to enhance social welfare through charitable grants and impact investments. The organization accepts contributions from various sources and invests them in a diverse range of mutual funds, ETFs, and partnerships. Donor advisors have the ability to recommend grants to qualified charitable recipients, while the fund ensures all distributions are exclusively for charitable purposes.
Who is the CEO of Jasper Ridge Charitable Fund?
Mark A Wolfson is the Director, President of Jasper Ridge Charitable Fund.
What is the revenue of Jasper Ridge Charitable Fund?
Jasper Ridge Charitable Fund's revenue in 2022 was $63,705,519.
Who are the executives of Jasper Ridge Charitable Fund and what are their salaries?
Here are 15 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
- 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
- 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
Where can I find the form 990 for Jasper Ridge Charitable Fund?
Jasper Ridge Charitable Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jasper Ridge Charitable Fund
Jasper Ridge Charitable Fund (JRCF) is a philanthropic organization dedicated to expanding the charitable impact of donors. By simplifying charitable giving and promoting awareness of opportunities to enhance social welfare, JRCF aims to make a difference in the world. JRCF primarily achieves its mission through the administration of Donor Advised Funds (DAFs).
Individuals, foundations, corporations, partnerships, trusts, and estates contribute to JRCF, which in turn maintains these funds. Donated funds are invested in a diverse range of mutual funds, exchange-traded funds (ETFs), and partnerships, ensuring the liquidity necessary to support regular grantmaking. Although JRCF holds the exclusive legal authority and control over all contributions, donor advisors are allowed to recommend grants to qualified charitable recipients. Each grant recommendation is reviewed by JRCF to ensure it is solely for a charitable purpose.
Jasper Ridge Charitable Fund empowers donors to make a significant impact on their communities and beyond by streamlining the charitable giving process. The organization's commitment to investing donated funds and grantmaking allows it to uphold its mission and create lasting change. JRCF's dedication to its donors and the causes they support is unwavering, making it an essential partner in the philanthropic sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Jasper Ridge Charitable Fund significantly enhances philanthropic engagement by managing donor advised funds (DAFs) that streamline the charitable giving process. By accepting contributions from individuals, foundations, corporations, partnerships, trusts, and estates, the Fund effectively pools resources to expand the reach and impact of donor contributions.
The Fund invests these contributions in diverse financial vehicles, such as mutual funds and ETFs, to ensure liquidity while supporting regular grantmaking activities. Donor advisors can recommend allocations to qualified recipients, allowing them to direct their philanthropic efforts toward meaningful causes. Each grant recommendation undergoes a thorough review to ensure it aligns with the mission of promoting charitable purposes.
By simplifying the complexities of charitable giving, Jasper Ridge Charitable Fund not only broadens access to philanthropy but also raises awareness of opportunities that can improve social welfare. Through its initiatives, the Fund acts as a catalyst for positive change, enabling donors to make informed contributions that have a lasting impact on communities.
This information is meant to be a general summary of Jasper Ridge 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.
- Investment Income: -$539,424
- Gross Receipts: $132,004,167
Assets and Liabilities:
- Total Assets: $4,335,338
- Total Liabilities: $4,335,338
- Net Assets: $0
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2014
Phone
(817) 333-0016Principal Officer
Mark A Wolfson
Main Address
201 MAIN STREET 1000, FORT WORTH, TX, 761023109
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Jasper Ridge Charitable Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.