Overview
What is Donald C Kilgour Endowment Fund Inc?
The Donald C Kilgour Endowment Fund Inc, based in New Brunswick, New Jersey, is a nonprofit organization devoted to securing and managing funds for the long-term sustainability of the Ronald McDonald House of Central and Northern New Jersey (RMHCNJ). Acting as a financial backbone, the Endowment Fund distributes these funds to RMHCNJ, supporting its operational expenses and capital improvements. RMHCNJ, a 501(c)(3) organization, is the primary beneficiary of the Endowment Fund's activities. Its mission is to provide a platform for long-term funding, enabling RMHCNJ to continue delivering its essential services to families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Donald C Kilgour Endowment Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The charity's score is based solely on its performance in the Accountability & Finance beacon, where it has excelled in all assessed areas, indicating a strong commitment to transparency and effective financial management.
The organization boasts a fully independent board, with 100% of its members being independent, which contributes to robust oversight and governance. Additionally, the absence of any material diversion of assets and the implementation of comprehensive policies, including conflict of interest and whistleblower protections, further enhance its credibility and reliability as a nonprofit entity.
Despite its strengths, it's essential for potential donors and stakeholders to consider that the rating is focused solely on financial aspects and governance. While the organization demonstrates excellent fiscal responsibility and transparency, further evaluation of its programmatic impact and outreach may be beneficial for a more holistic understanding of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Donald C Kilgour Endowment Fund Inc legitimate?
Donald C Kilgour Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Donald C Kilgour Endowment Fund 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Donald C Kilgour Endowment Fund Inc?
The Donald C Kilgour Endowment Fund Inc's mission is centered around raising and investing funds primarily for the long-term support of a specific charity organization, the Ronald McDonald House of Central and Northern New Jersey (RMHCNJ). This support is intended for both operating expenses and capital improvements for RMHCNJ. The Endowment Fund distributes these funds exclusively to RMHCNJ, which is a recognized 501(c)(3) organization. It's important to note that no funds were contributed to support RMHCNJ in 2022, as mentioned in the provided data.
Who is the CEO of Donald C Kilgour Endowment Fund Inc?
Robert Kilgour is the Chair of Donald C Kilgour Endowment Fund Inc.
What is the revenue of Donald C Kilgour Endowment Fund Inc?
Donald C Kilgour Endowment Fund Inc's revenue in 2022 was $50,773.
Who are the executives of Donald C Kilgour Endowment Fund Inc and what are their salaries?
There 8 volunteers at Donald C Kilgour Endowment Fund Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Donald C Kilgour Endowment Fund Inc?
Donald C Kilgour Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Donald C Kilgour Endowment Fund Inc
The Donald C Kilgour Endowment Fund Inc is a nonprofit organization with a mission to raise and invest funds exclusively for the long-term support of the Ronald McDonald House of Central and Northern New Jersey, Inc. (RMHCNJ). This 501(c)(3) organization serves as a vital source of financial backing, providing funds for both operating expenses and capital improvements at RMHCNJ. The Endowment Fund's primary goal is to ensure the sustainability and growth of the Ronald McDonald House, which offers temporary housing and support services to families of children undergoing medical treatment. By providing these funds, the Endowment Fund plays a crucial role in enabling RMHCNJ to continue its mission of offering a home-away-from-home for families during challenging times. In 2022, no contributions were made to support RMHCNJ by the Endowment Fund.
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Impact
August, 2024
The impact of the Donald C Kilgour Endowment Fund Inc is targeted and significant. By raising and investing funds exclusively for the long-term support of the Ronald McDonald House of Central and Northern New Jersey, Inc. (RMHCNJ), the organization plays a crucial role in ensuring the sustainability and growth of RMHCNJ's operations. This focus on providing financial support for operating expenses and capital improvements directly contributes to the well-being of families and children who rely on the services offered by RMHCNJ. Through its philanthropic efforts, the Donald C Kilgour Endowment Fund Inc helps to create a positive impact on the lives of those in need within the community served by RMHCNJ.
This information is meant to be a general summary of Donald C Kilgour Endowment Fund 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: $50,773
- Gross Receipts: $50,773
Assets and Liabilities:
- Total Assets: $1,956,020
- Total Liabilities: $0
- Net Assets: $1,956,020
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Organization Details
Founding Year
1998
Phone
(732) 249-1222Principal Officer
Robert Kilgour
Main Address
145 SOMERSET STREET, NEW BRUNSWICK, NJ, 08901
NTEE Category
Code: T00 - Philanthropy
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