Overview
What is The Donor Advised Fund Of The Vbf?
The Donor Advised Fund of The VBF, located at 2828 Emerywood Parkway, Richmond, VA 23294, is a nonprofit organization with a unique mission. It manages individuals' irrevocable contributions to a donor-advised fund, enabling them to direct the distribution of these funds to their preferred charitable organizations. The organization's purpose is to operate exclusively for charitable purposes, periodically making distributions to qualified beneficiaries, as per the trust's guidelines. The Donor Advised Fund of The VBF serves as a bridge between donors and their chosen charities, contributing to the broader charitable sector.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Donor Advised Fund Of The Vbf has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is driven entirely by the Accountability & Finance score of 79%. This reflects the organization's commitment to maintaining transparency and good governance practices.
Strengths of the organization include a fully independent board with 100% independent members, demonstrating strong governance. Additionally, there are no reported material diversions of assets, and the organization adheres to various policies, including conflict of interest, whistleblower, and document retention policies. The program expense ratio is notably high at 88.84%, indicating that a significant portion of its resources is directed towards its charitable activities.
While the organization shows strong management practices and financial health, the single-focus rating may limit a comprehensive view of its overall effectiveness in achieving its mission. Nonetheless, the high scores in key areas suggest that The Donor Advised Fund Of The Vbf operates with integrity and is dedicated to its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is The Donor Advised Fund Of The Vbf legitimate?
The Donor Advised Fund Of The Vbf is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Donor Advised Fund Of The Vbf 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 The Donor Advised Fund Of The Vbf?
The Donor Advised Fund of The Vbf was established with a mission to operate perpetually for charitable purposes. This organization manages individuals' irrevocable contributions to a donor-advised fund, directing the distribution of these funds to the donors' chosen charities. The primary purpose of the trust is to receive contributions and make periodic distributions to qualified beneficiaries, adhering to its charitable nature at all times.
Who is the CEO of The Donor Advised Fund Of The Vbf?
Preston Jones is the Ceo of The Donor Advised Fund Of The Vbf. The CEO's salary of The Donor Advised Fund Of The Vbf is $0 and their total compensation is $0.
What is the revenue of The Donor Advised Fund Of The Vbf?
The Donor Advised Fund Of The Vbf's revenue in 2022 was $1,445,760.
Who are the executives of The Donor Advised Fund Of The Vbf and what are their salaries?
Here are 18 key members and their salaries (The Donor Advised Fund Of The Vbf's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Donor Advised Fund Of The Vbf?
The Donor Advised Fund Of The Vbf's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Donor Advised Fund Of The Vbf
The Donor Advised Fund of the VBF, established with a perpetual charitable purpose, serves as a platform for managing individuals' irrevocable contributions to a donor-advised fund. This organization's role is to direct the distributions of these funds to the donors' chosen charities, aligning with its mission to operate exclusively for charitable purposes. The primary purpose of this trust is to receive contributions and make periodic distributions to qualified beneficiaries, thereby fulfilling its mission to provide a channel for philanthropic giving.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Donor Advised Fund Of The Vbf facilitates impactful philanthropy by managing individuals' irrevocable contributions to a donor advised fund. This enables donors to direct distributions of funds to their charity of choice, amplifying their charitable giving. Operating exclusively for charitable purposes, this organization in Richmond, VA ensures that contributions are efficiently channeled to qualified beneficiaries, making a significant difference in the community.
This information is meant to be a general summary of The Donor Advised Fund Of The Vbf. 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: $570,047
- Gross Receipts: $3,067,773
Assets and Liabilities:
- Total Assets: $17,709,689
- Total Liabilities: $0
- Net Assets: $17,709,689
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(804) 672-8862Principal Officer
Preston Jones
Main Address
2828 EMERYWOOD PARKWAY, RICHMOND, VA, 23294
NTEE Category
Code: X99 - Religion related
If you are a representative of The Donor Advised Fund Of The Vbf 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.