Overview
What is Clan Donald Foundation Inc?
The Clan Donald Foundation Inc, located in Peoria, Illinois, is a nonprofit organization committed to preserving and fostering the customs, traditions, and heritage of the Scottish people. They achieve this mission by offering financial aid to students engaged in the study of Scottish history, culture, and artistic expressions. In a recent act of support, the foundation granted academic scholarships worth $8,000 to three deserving recipients, enabling them to further their studies. The foundation's work is instrumental in nurturing the appreciation and understanding of Scottish heritage, both locally and internationally.
Official website here: www.clandonaldfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. This rating indicates that Clan Donald Foundation Inc has room for improvement in its accountability and financial practices. With a score of 63 in Accountability & Finance, the organization demonstrates some strengths but also significant weaknesses that may affect donor confidence.
One notable strength is the organization's ability to maintain a high program expense ratio of 74.80%, indicating that a considerable portion of its funds is directed toward its programs. Additionally, there are no material diversions of assets, showcasing financial integrity in this aspect. However, the absence of independent board members and critical policies such as a whistleblower policy and document retention measures raises concerns about governance and oversight.
The foundation also lacks transparency in some areas, including not posting its tax form on its website, which could hinder potential donors' ability to access financial information. Overall, while the Clan Donald Foundation Inc is effectively utilizing a majority of its resources for its intended purposes, serious gaps in governance and accountability practices need to be addressed to improve its standing and trustworthiness among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Clan Donald Foundation Inc legitimate?
Clan Donald Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clan Donald Foundation Inc 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:
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Official website here: www.clandonaldfoundation.org
What is the mission statement of Clan Donald Foundation Inc?
The Clan Donald Foundation Inc is committed to preserving and promoting the customs, traditions, and heritage of the Scottish people. This non-profit organization also provides financial assistance to students studying Scottish history, culture, and art forms. Its mission is twofold: firstly, to safeguard the rich heritage of Scotland, and secondly, to support the educational pursuits of individuals with a passion for Scottish history, culture, and artistic expressions. To further this mission, the foundation awards academic scholarships, as demonstrated by providing $8,000 to three recipients to aid in their studies.
Official website here: www.clandonaldfoundation.org
Who is the CEO of Clan Donald Foundation Inc?
James Mcdonald is the Trustee of Clan Donald Foundation Inc.
Official website here: www.clandonaldfoundation.org
What is the revenue of Clan Donald Foundation Inc?
Clan Donald Foundation Inc's revenue in 2022 was $60,990.
Official website here: www.clandonaldfoundation.org
Who are the executives of Clan Donald Foundation Inc and what are their salaries?
There 13 volunteers at Clan Donald Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.clandonaldfoundation.org
Where can I find the form 990 for Clan Donald Foundation Inc?
Clan Donald Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clandonaldfoundation.org
Learn more at the official website: www.clandonaldfoundation.org
Mission Statement of Clan Donald Foundation Inc
Clan Donald Foundation Inc is dedicated to preserving and promoting the customs, traditions, and heritage of the Scottish people. This nonprofit organization seeks to achieve this goal by providing financial assistance to students pursuing studies in Scottish history, culture, and art forms. By offering scholarships, Clan Donald Foundation Inc aims to nurture the next generation of individuals who will carry forward the rich legacy of Scottish traditions and values. The foundation's mission is to ensure that the Scottish culture remains vibrant and relevant, fostering a sense of pride and connection among those with Scottish roots.
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Impact
August, 2024
Clan Donald Foundation Inc has made a significant impact by providing academic scholarships totaling $8,000 to three recipients to further their studies in Scottish history, culture, and art forms. This support enables students to pursue their academic goals and contribute to the preservation and promotion of the customs, traditions, and heritage of the Scottish people.
This information is meant to be a general summary of Clan Donald Foundation Inc. 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: $17,107
- Gross Receipts: $60,990
Assets and Liabilities:
- Total Assets: $788,870
- Total Liabilities: $0
- Net Assets: $788,870
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Organization Details
Founding Year
1981
Phone
(309) 363-4677Principal Officer
James Mcdonald
Main Address
4108 SANDRIDGE COURT, PEORIA, IL, 61615
Website
www.clandonaldfoundation.orgNTEE Category
Code: A50 - Arts
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