Overview
What is Commonwealth Community Trust Endowment Fund?
The Commonwealth Community Trust Endowment Fund is a nonprofit organization situated in Richmond, Virginia. Their primary objective is to administer third-party and first-party pooled special needs trusts for individuals with disabilities, preserving their government benefits, such as SSI and Medicaid. By establishing a trust with a minimum of 5,000 participants, they offer a convenient and cost-effective framework. The organization also provides education and outreach to families, professionals, and individuals with disabilities on the benefits and planning of pooled special needs trusts. Notably, they offer financial assistance through their charitable fund award program to eligible individuals with special needs residing in Virginia who demonstrate a financial need.
Official website here: www.commonwealthcommunitytrust.org
Is Commonwealth Community Trust Endowment Fund legitimate?
Commonwealth Community Trust Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Community Trust Endowment 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.
Here are some key statistics you may want to consider:
Executive Compensation: $195,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $797,519
For more financial information, click here
What is the mission statement of Commonwealth Community Trust Endowment Fund?
The Commonwealth Community Trust Endowment Fund's mission is to offer a convenient and cost-effective framework for managing pooled special needs trusts for individuals with disabilities in the United States. This framework supplements government entitlement programs such as Supplemental Security Income (SSI) and Medicaid. The fund aims to educate families, individuals with special needs, and professionals about the benefits of such trusts. Additionally, it provides monetary grants to eligible individuals in Virginia who demonstrate a financial need, which can be used for necessary services and equipment, through its Charitable Fund Award Program.
Official website here: www.commonwealthcommunitytrust.org
Who is the CEO of Commonwealth Community Trust Endowment Fund?
Joanne Marcus is the President of Commonwealth Community Trust Endowment Fund.
Official website here: www.commonwealthcommunitytrust.org
What is the revenue of Commonwealth Community Trust Endowment Fund?
Commonwealth Community Trust Endowment Fund's revenue in 2021 was $1,860,276.
Official website here: www.commonwealthcommunitytrust.org
Who are the executives of Commonwealth Community Trust Endowment Fund and what are their salaries?
The average compensation at Commonwealth Community Trust Endowment Fund during 2021 was $55,172. There are 18 employees at Commonwealth Community Trust Endowment Fund.
Here are 22 key members and their salaries:
- Joanne Marcus (President/Ce)
- Karen Konvicka (Dir Client S)
- Stephanie E Grana Esq (President) [Trustee/Director]
- J Penn Crawford Esq (Past-Preside) [Trustee/Director]
- Stephen Kimberlin Cpa (Treasurer) [Trustee/Director]
- Susanna B Jones Esq (Secretary) [Trustee/Director]
- David C Acree Cpa (Member) [Trustee/Director]
- Alexandra Badman Esq (Member) [Trustee/Director]
- Lateshia G Brown Lcsw (Member) [Trustee/Director]
- Matthew J Buckley Cfp Cfta (Member) [Trustee/Director]
- Stephen D Burns Esq (Member) [Trustee/Director]
- Craig Davis Esq (Member) [Trustee/Director]
- Pierre Greene Mba (Member) [Trustee/Director]
- Richard Kunz Md (Member) [Trustee/Director]
- B Bailey Liipfert Iii Cela (Member) [Trustee/Director]
- Marian Millikan Cpa (Member) [Trustee/Director]
- Bagley Reid Cpa (Member) [Trustee/Director]
- Sean Rutherford Cpa (Member) [Trustee/Director]
- Sean Ryan (Member) [Trustee/Director]
- Peter W Tomasch Cfp (Member) [Trustee/Director]
- Cheryl Page Cfa Cfp (Member) [Trustee/Director]
- James Houle (Member) [Trustee/Director]
Official website here: www.commonwealthcommunitytrust.org
Where can I find the form 990 for Commonwealth Community Trust Endowment Fund?
The Commonwealth Community Trust Endowment Fund’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.commonwealthcommunitytrust.org
Learn more at the official website: www.commonwealthcommunitytrust.org
Mission Statement of Commonwealth Community Trust Endowment Fund
The Commonwealth Community Trust Endowment Fund, a nonprofit organization, aims to provide a convenient and cost-effective framework for individuals with special needs and their families across the United States. This framework is designed for the administration of pooled special needs trusts, which serve as supplements to government entitlement programs such as Supplemental Security Income (SSI) and Medicaid. By offering this service, the Fund seeks to enhance the financial security and independence of individuals with special needs.
In addition to its administrative services, the Commonwealth Community Trust Endowment Fund also undertakes an educational role. It aims to educate families, people with special needs, and professionals about the benefits of a pooled special needs trust. By promoting awareness and understanding, the Fund empowers individuals and their families to make informed decisions about their financial future.
Furthermore, the Fund offers a charitable fund award program. This program provides monetary grants to individuals with special needs who reside in Virginia and demonstrate a financial need. These grants can be used for services and/or equipment, further supporting the independence and well-being of these individuals. In this way, the Commonwealth Community Trust Endowment Fund serves as a vital resource for individuals with special needs and their families, helping them to navigate the complexities of financial planning and access necessary support.
Impact
This information is meant to be a general summary of Commonwealth Community Trust Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Commonwealth Community Trust Endowment Fund significantly impacts individuals with special needs and their families throughout the United States by providing a convenient and cost-effective framework for the administration of pooled special needs trusts. These trusts supplement government entitlement programs like Supplemental Security Income (SSI) and Medicaid, ensuring that beneficiaries can maintain essential benefits while also accessing additional financial resources for an improved quality of life.
Furthermore, the Fund educates families, individuals with special needs, and professionals about the benefits of pooled special needs trusts, empowering them to make informed decisions for the long-term financial well-being of their loved ones. Additionally, through its charitable fund award program, the Fund awards monetary grants to individuals with special needs residing in Virginia who demonstrate financial need, enabling them to access necessary services and equipment to enhance their quality of life.
By administering third-party and first-party pooled special needs trusts, offering educational outreach, and providing financial assistance to those in need, the Commonwealth Community Trust Endowment Fund plays a vital role in supporting and improving the lives of individuals with special needs and their families.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CCT CONSULTATION FEE (0.5%)
Revenue
$433,683
CLIENT FEES
Revenue
$216,200
Organization Details
Founding Year
1990
Phone
(804) 740-6930
Principal Officer
Joanne Marcus
Main Address
PO BOX 29408, RICHMOND, VA, 23242
NTEE Category
Code: E50Z - Health
If you are a representative of Commonwealth Community Trust Endowment 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.