Sterling Charitable Gift Fund

Rating from Charity Navigator: 62% (Two-Star out of Four Star rating)

The Sterling Charitable Gift Fund has received a Two-Star rating from Charity Navigator, indicating potential concerns regarding its accountability and financial practices. The organization scores 62% overall, with specific weaknesses in board independence and transparency, as it has no independent board members and lacks several essential governance policies and financial statements.

Despite these shortcomings, the Sterling Charitable Gift Fund demonstrates a solid commitment to its programs, with a program expense ratio of 88.34%. This indicates that a significant portion of its funds is directed towards its charitable activities rather than administrative expenses. Additionally, the organization's liabilities to assets ratio is favorable at 0.41%, suggesting that it is managing its financial obligations effectively.

However, the lack of critical governance practices, such as a conflict of interest policy and documented board meeting minutes, raises red flags. These factors may impact the organization's accountability and overall effectiveness in the nonprofit sector, warranting caution for potential donors.

This AI summary has been generated from information found on Charity Navigator.

Sterling Charitable Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sterling Charitable Gift 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.

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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