Overview
What is The Greater Kanawha Valley Foundation?
The Greater Kanawha Valley Foundation is a community trust situated in Charleston, West Virginia. This nonprofit organization accepts contributions, creates and manages trusts, and distributes income for the betterment of those residing in the Kanawha Valley region. Acting as a philanthropic leader, the Foundation fosters partnerships among donors, nonprofits, and other collaborative partners to strengthen the community and provide opportunities for every person and place within it to prosper. By employing 18 individuals, the Foundation plays a crucial role in enhancing the lives of local residents.
Official website here: www.tgkvf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Greater Kanawha Valley Foundation has achieved an impressive 97% rating, which reflects a strong commitment to accountability and financial transparency. All aspects of its score are derived from a single beacon focused on financial performance, indicating that the organization adheres to high standards in managing its resources.
Strengths of the foundation include a fully independent board with 13 members, a robust audit and oversight committee, and excellent financial ratios, such as a program expense ratio of 90.29%. The foundation shows no material diversion of assets, emphasizing its integrity in financial management. Its fundraising efficiency is also commendable, with only $0.022 spent to raise a dollar, showcasing effective use of donor funds.
There are no significant limitations noted in the available data, which further solidifies the foundation's reputation as a well-managed nonprofit. The presence of essential policies, such as conflict of interest and whistleblower protections, indicates a comprehensive approach to governance and ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Greater Kanawha Valley Foundation legitimate?
The Greater Kanawha Valley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Greater Kanawha Valley 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: $414,542
Professional Fundraising Fees: $0
Other Salaries and Wages: $711,822
For more financial information, click here
Official website here: www.tgkvf.org
What is the mission statement of The Greater Kanawha Valley Foundation?
The Greater Kanawha Valley Foundation serves as a philanthropic leader, bringing together donors, nonprofits, and collaborative partners to strengthen communities and create opportunities for people to thrive. The organization's mission is geared towards helping all individuals and places they serve by accepting contributions, establishing and administering trusts, and distributing income for the benefit of the community. Through their efforts, they aim to make a positive impact and enhance the overall well-being of the community. By fostering partnerships, they work towards improving various aspects of community life and ensuring everyone has the chance to prosper.
Official website here: www.tgkvf.org
Who is the CEO of The Greater Kanawha Valley Foundation?
Michelle Foster is the President And Ceo of The Greater Kanawha Valley Foundation. The CEO's salary of The Greater Kanawha Valley Foundation is $212,433 and their total compensation is $245,834.
Official website here: www.tgkvf.org
What is the revenue of The Greater Kanawha Valley Foundation?
The Greater Kanawha Valley Foundation's revenue in 2022 was $30,306,337.
Official website here: www.tgkvf.org
Who are the executives of The Greater Kanawha Valley Foundation and what are their salaries?
The average compensation at The Greater Kanawha Valley Foundation during 2022 was $62,576. There are 18 employees and 13 volunteers at The Greater Kanawha Valley Foundation.
Here are 15 key members and their salaries (The Greater Kanawha Valley Foundation's CEO's salary is $212,433 and their total compensation is $245,834):
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- Compensation: $212,433
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- Other: $33,401
- Compensation: $143,262
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- Other: $25,444
Official website here: www.tgkvf.org
Where can I find the form 990 for The Greater Kanawha Valley Foundation?
The Greater Kanawha Valley Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tgkvf.org
Learn more at the official website: www.tgkvf.org
Mission Statement of The Greater Kanawha Valley Foundation
The Greater Kanawha Valley Foundation, a philanthropic leader, is dedicated to helping donors, nonprofits, and collaborative partners in strengthening communities, ensuring that all people and places served have the opportunity to thrive. By accepting contributions, establishing and administering trusts, and distributing income, this community trust organization plays a vital role in facilitating the growth and development of the community.
The Greater Kanawha Valley Foundation serves as a bridge between donors and nonprofits, supporting initiatives that make a meaningful impact on people's lives. With a mission to help donors and collaborative partners, this foundation is committed to fostering a vibrant, resilient community where everyone has the chance to flourish. By providing resources and guidance, the Greater Kanawha Valley Foundation empowers nonprofits to make a difference and brings people together to create lasting change.
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Impact
October, 2024
The Greater Kanawha Valley Foundation significantly impacts the community by serving as a philanthropic leader dedicated to enhancing the well-being of the Kanawha Valley area. Through collaboration with donors and partners, the foundation strengthens community initiatives, ensuring that individuals and organizations have the resources they need to thrive.
By managing trusts and distributing income effectively, the foundation supports various programs aimed at improving the quality of life for residents. Its approach fosters a sense of community, ensuring that assistance is directed where it is most needed, promoting sustainability, education, and social welfare throughout the region. Through these efforts, The Greater Kanawha Valley Foundation plays a crucial role in building a stronger, more resilient community in Charleston, West Virginia, and beyond.
This information is meant to be a general summary of The Greater Kanawha Valley 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: $8,666,492
- Gross Receipts: $30,306,337
Assets and Liabilities:
- Total Assets: $289,541,462
- Total Liabilities: $11,098,995
- Net Assets: $278,442,467
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Organization Details
Founding Year
1962
Phone
(304) 346-3620Principal Officer
Michelle Foster
Main Address
PO BOX 3041, CHARLESTON, WV, 25331
Website
www.tgkvf.orgNTEE Category
Code: T310 - Philanthropy
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