Overview
What is The Loring Wolcott & Coolidge Charitable Trust-I?
The Loring Wolcott & Coolidge Charitable Trust-I is a philanthropic organization situated in Boston, Massachusetts. Established by the clients of Loring, Wolcott & Coolidge, the trust operates with a mission to support the endeavors of other 501(C)(3) charitable organizations. The trustees, exercising their discretion, distribute grants to various public charities, contributing to their charitable purposes. The primary objective of the Trust is to promote and enhance the work of these charitable organizations, thereby making a positive impact in their respective fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
The Loring Wolcott & Coolidge Charitable Trust-I has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is entirely based on its accountability and financial practices, where it achieved a score of 77%. This rating indicates a reliable level of transparency and responsible financial management.
The organization has demonstrated strong governance practices, with 100% of its board members being independent. Additionally, it scores perfectly on several accountability measures, including having no material diversion of assets and clear conflict of interest policies. The trust also shows impressive financial ratios, notably a program expense ratio of 99.83%, indicating that nearly all its funds are directed toward its charitable programs.
Despite its strengths, the single beacon score suggests that other areas of nonprofit performance, such as impact measurement and community feedback, may not have been assessed. While the financial health and governance are commendable, potential donors and stakeholders may want to seek further information regarding the trust's overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Loring Wolcott & Coolidge Charitable Trust-I legitimate?
The Loring Wolcott & Coolidge Charitable Trust-I is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Loring Wolcott & Coolidge Charitable Trust-I 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 The Loring Wolcott & Coolidge Charitable Trust-I?
The Loring Wolcott & Coolidge Charitable Trust-I's mission is to support the work of various 501(C)(3) charitable organizations by making grants. The organization receives contributions from the clients of Loring, Wolcott & Coolidge Office and, utilizing their independent discretion, distributes these funds to eligible public charities to further their charitable purposes. The Trust aims to contribute to the broader charitable sector by providing financial assistance to other organizations. The Trustees' grantmaking activities are focused on advancing the charitable goals of the recipient organizations, thereby collectively making a positive impact in various communities.
Who is the CEO of The Loring Wolcott & Coolidge Charitable Trust-I?
C-F David Boit is the Trustee of The Loring Wolcott & Coolidge Charitable Trust-I.
What is the revenue of The Loring Wolcott & Coolidge Charitable Trust-I?
The Loring Wolcott & Coolidge Charitable Trust-I's revenue in 2022 was $4,279,583.
Who are the executives of The Loring Wolcott & Coolidge Charitable Trust-I and what are their salaries?
There 11 volunteers at The Loring Wolcott & Coolidge Charitable Trust-I.
Here are 11 key members and their salaries:
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Where can I find the form 990 for The Loring Wolcott & Coolidge Charitable Trust-I?
The Loring Wolcott & Coolidge Charitable Trust-I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Loring Wolcott & Coolidge Charitable Trust-I
The Loring Wolcott & Coolidge Charitable Trust-I is committed to supporting the work of various 501(C)(3) charitable organizations through grantmaking. This mission is carried out by the organization's trustees, who exercise their independent discretion to distribute funds to eligible public charities, aligning their actions with the trust's charitable purposes. The Trust's resources are primarily sourced from the contributions made by clients of the Loring, Wolcott & Coolidge office. By providing financial aid to these organizations, The Loring Wolcott & Coolidge Charitable Trust-I aims to contribute positively to various charitable causes and initiatives, thereby making a collective impact in the community.
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Impact
July, 2024
The Loring Wolcott & Coolidge Charitable Trust-I's impact lies in its support of other 501(c)(3) charitable organizations through grantmaking. By receiving contributions from Loring, Wolcott & Coolidge office's clients and making grants to other public charities, the organization is able to further its charitable purposes. This philanthropic work directly benefits various causes and initiatives, amplifying the impact of charitable organizations and contributing to positive change in communities.
This information is meant to be a general summary of The Loring Wolcott & Coolidge Charitable Trust-I. 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: $93,956
- Gross Receipts: $8,381,207
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2014
Phone
(617) 523-6531Principal Officer
C-F David Boit
Main Address
CO LWC 230 CONGRESS STREET 12FL, BOSTON, MA, 02110
NTEE Category
Code: T99 - Philanthropy
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