Overview
What is Charlottesville Area Community Foundation?
The Charlottesville Area Community Foundation is a community-focused, equity-advocating organization based in Charlottesville, Virginia. In 2022, the foundation received donations totaling $25.3 million from 1,182 donors, leading to the distribution of 2,514 grants worth $18.6 million to initiatives in Central Virginia, and beyond, addressing a wide range of impact areas and causes. The foundation also managed 432 funds and opened 31 new ones. It continued to support multi-year commitments through its discretionary grants portfolio and refined the design of new programs set to be introduced in 2023. Additionally, the foundation's fundholder advised competitive grant programs, such as Bama Works and Twice is Nice, made grants in 2022, with Bama Works granting 207 awards totaling $1.6 million and Twice is Nice making 18 grants worth $195,000. The foundation's mission is to create equitable, sustainable, life-improving opportunities in Charlottesville and the surrounding counties of Albemarle, Buckingham, Fluvanna, Greene, Louisa, Nelson, and Orange, while working with donors to fulfill their charitable giving interests. The foundation employed 16 individuals.
Official website here: www.cacfonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Star Rating from Charity Navigator.
The Charlottesville Area Community Foundation has achieved an impressive 99% score, reflecting strong performance in accountability and finance. With 100% of board members being independent and a robust financial oversight framework in place, the organization demonstrates a high level of transparency and integrity in its operations.
A key strength of the foundation is its excellent program expense ratio of 96.89%, indicating that a significant portion of its resources is directed toward its programs rather than administrative costs. The organization also reports a low liability to assets ratio of 14.73%, showcasing its financial stability. However, the foundation has received a low score in fundraising efficiency, which may warrant attention to improve its fundraising operations.
While the foundation excels in several accountability measures, it does have a noted deficiency in its donor privacy policy, which is currently missing. Addressing this gap could further enhance its transparency and build greater trust with donors. Overall, the Charlottesville Area Community Foundation stands out for its commitment to financial excellence and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Charlottesville Area Community Foundation legitimate?
Charlottesville Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlottesville Area Community Foundation 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: $290,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,013,329
For more financial information, click here
Official website here: www.cacfonline.org
What is the mission statement of Charlottesville Area Community Foundation?
The Charlottesville Area Community Foundation is a community-centered, equity-focused organization dedicated to creating equitable, sustainable opportunities for people to belong, contribute, participate, and thrive. The foundation grants funds primarily in Central Virginia and assists donors in fulfilling their charitable interests. In 2022, the foundation managed 432 funds and received contributions totaling $25 million from 1,182 donors. These resources were disbursed through 2,514 grants, amounting to $18.6 million, to initiatives across a wide range of impact areas and causes. Additionally, the foundation provided scholarship support to 199 students, totaling $933,890. The foundation continued to support multi-year commitments and refined the design of new programs for introduction in 2023. Competitive grant programs, such as Bama Works and Twice is Nice, also made grants during the year.
Official website here: www.cacfonline.org
Who is the CEO of Charlottesville Area Community Foundation?
Brennan Gould is the President, Treasurer & Ceo of Charlottesville Area Community Foundation. The CEO's salary of Charlottesville Area Community Foundation is $264,727 and their total compensation is $290,479.
Official website here: www.cacfonline.org
What is the revenue of Charlottesville Area Community Foundation?
Charlottesville Area Community Foundation's revenue in 2022 was $34,031,723.
Official website here: www.cacfonline.org
Who are the executives of Charlottesville Area Community Foundation and what are their salaries?
The average compensation at Charlottesville Area Community Foundation during 2022 was $81,488. There are 16 employees at Charlottesville Area Community Foundation.
Here are 14 key members and their salaries (Charlottesville Area Community Foundation's CEO's salary is $264,727 and their total compensation is $290,479):
- Compensation: $264,727
- Related: $0
- Other: $25,752
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- Other: $0
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- Other: $0
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- Compensation: $124,707
- Related: $0
- Other: $13,226
- Compensation: $132,687
- Related: $0
- Other: $15,268
Official website here: www.cacfonline.org
Where can I find the form 990 for Charlottesville Area Community Foundation?
Charlottesville Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cacfonline.org
Learn more at the official website: www.cacfonline.org
Mission Statement of Charlottesville Area Community Foundation
Charlottesville Area Community Foundation, a community-centered and equity-forward organization, is dedicated to creating equitable, sustainable opportunities in Central Virginia. This foundation's mission is to work with donors and fulfill their interests while conducting charitable giving, primarily focusing on the areas of Albemarle, Buckingham, Fluvanna, Greene, Louisa, Nelson, and Orange counties.
The Charlottesville Area Community Foundation is committed to helping its region become a place where everyone can belong, contribute, participate, and thrive. In the year 2022, the foundation received a total of $25,003,140 in contributions from 1,182 donors who made 1,503 donations. These funds were then disbursed to various initiatives throughout Central Virginia and beyond, totaling $18,582,780. This included 2,514 grants to initiatives working in a broad range of impact areas and causes.
Additionally, the foundation supported 199 students through scholarship support, totaling $933,890. In 2022, the foundation opened 31 new funds and managed 432 funds as of December 31, 2022. The Charlottesville Area Community Foundation continued to support and close out multi-year commitments made through its discretionary grants portfolio of programs, and refined the design of new programs to be introduced in 2023.
Fundholder advised competitive grant programs continued to make grants in 2022, including the Bama Works Fund of Dave Matthews Band and the Twice is Nice Fund. The Bama Works Fund conducted two award cycles and made 207 grants totaling $1,564,942, while the Twice is Nice Fund made 18 grants totaling $195,000. Through its various grant programs and initiatives, the Charlottesville Area Community Foundation is playing a significant role in enriching the lives of individuals and communities in the Central Virginia region.
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Impact
October, 2024
The Charlottesville Area Community Foundation significantly enhances the community through its commitment to equitable and sustainable development. In 2022 alone, it received over $25 million from more than 1,180 donors, reflecting strong local support. The foundation disbursed nearly $18.6 million in grants to a diverse range of initiatives, directly impacting the lives of those in Central Virginia and beyond. This funding supported a wide variety of causes, fostering an environment where individuals can belong, contribute, and thrive.
In addition to grant-making, the foundation played a pivotal role in educational support by providing nearly $934,000 in scholarships to 199 students, empowering the next generation. With an ongoing commitment to enhance community well-being, the foundation managed 432 funds as of the end of 2022, demonstrating its ability to align donor interests with community needs. The establishment of 31 new funds in the year further highlights its growth and the increased opportunities available for charitable giving.
The foundation's strategic approach also involves supporting multi-year commitments and refining program designs, ensuring that impact continues to evolve. Through collaborative efforts like the Bama Works Fund of the Dave Matthews Band, significant resources were reallocated to address pressing community challenges. Overall, the Charlottesville Area Community Foundation acts as a catalyst for positive change, dedicated to creating life-improving opportunities across numerous sectors within the region.
This information is meant to be a general summary of Charlottesville Area Community Foundation. 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: $8,615,457
- Gross Receipts: $34,031,723
Assets and Liabilities:
- Total Assets: $282,309,437
- Total Liabilities: $37,964,577
- Net Assets: $244,344,860
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Organization Details
Founding Year
1967
Phone
(434) 296-1024Principal Officer
Brennan Gould
Main Address
PO BOX 1767, CHARLOTTESVILLE, VA, 22902
Website
www.cacfonline.orgNTEE Category
Code: T310 - Philanthropy
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