Overview
What is The Owens Foundation?
The Owens Foundation, located in Alexandria, Virginia, is a dedicated nonprofit organization that primarily supports the College of William & Mary. Their mission encompasses various aspects of the esteemed institution, including scholarships, the museum fund, an author program, and athletics. They accomplish this by making payments to or on behalf of the Endowment Fund Association at the College. The Owens Foundation's contributions aim to bolster the College of William & Mary's educational and extracurricular initiatives, thereby fostering growth and development within the institution.
Official website here: www.n.a.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Owens Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 83%. This score is derived entirely from the Accountability & Finance beacon, indicating a strong emphasis on transparency and responsible financial management. The foundation has demonstrated excellence in several key areas, including a 100% independent board, no material diversion of assets, and a high program expense ratio of 98.51%, which suggests that the majority of its funds directly support its programs.
Despite its strengths, the Owens Foundation has some limitations noted in its policies. The organization currently lacks a whistleblower policy and a document retention and destruction policy, which could be areas for improvement. Addressing these gaps would enhance its governance framework and overall accountability.
Overall, the Owens Foundation showcases a solid commitment to financial accountability and integrity, with a few areas for potential policy enhancements. Its high program expense ratio indicates a focus on delivering meaningful impact through its initiatives, making it a potentially reliable choice for donors looking to support effective nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is The Owens Foundation legitimate?
The Owens Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Owens 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.n.a.
What is the mission statement of The Owens Foundation?
The Owens Foundation's mission is centered around supporting the College of William & Mary. Specifically, it focuses on various aspects of the college, including scholarships, the museum fund, an author program, and athletics. The foundation achieves this by making payments to or on behalf of the Endowment Association of the College. In essence, the Owens Foundation is committed to bolstering the College of William & Mary's academic and extracurricular initiatives, thereby contributing to the college's overall growth and development.
Official website here: www.n.a.
What is the revenue of The Owens Foundation?
The Owens Foundation's revenue in 2023 was $97,747.
Official website here: www.n.a.
Who are the executives of The Owens Foundation and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.n.a.
Learn more at the official website: www.n.a.
Mission Statement of The Owens Foundation
The Owens Foundation, a dedicated organization, is committed to supporting the College of William & Mary. Its mission is multifaceted, focusing on various aspects of the esteemed institution. The foundation's primary objective is to contribute to the scholarship fund, museum, author program, and athletics at the College of William & Mary. This is achieved by making payments to or on behalf of the Endowment Association of the College. In essence, The Owens Foundation aims to bolster the academic, cultural, and athletic endeavors of the College of William & Mary, thereby enhancing the overall educational experience for its students.
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Impact
October, 2024
The Owens Foundation significantly impacts the College of William & Mary by providing essential financial support for various programs and initiatives. This support enhances scholarships, enabling students to access higher education and pursue their academic goals more easily.
Additionally, the foundation contributes to the museum fund, enriching the college's cultural offerings and preserving its historical assets. Its investment in the author program fosters literary engagement and intellectual growth within the college community. Furthermore, support for athletics helps to promote student well-being and school spirit, enhancing the overall college experience.
Overall, the foundation plays a vital role in sustaining and advancing the mission of the College of William & Mary, creating opportunities for students and enriching the institution's programs.
This information is meant to be a general summary of The Owens 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 2023.
- Investment Income: $48,663
- Gross Receipts: $760,278
Assets and Liabilities:
- Total Assets: $3,564,597
- Total Liabilities: $0
- Net Assets: $3,564,597
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Organization Details
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