Overview
What is The Lord Foundation Of North Carolina?
The Lord Foundation of North Carolina is a philanthropic organization located in Durham, North Carolina. They provide financial assistance to Duke University, contributing to research and academic programs in specialized engineering fields such as biomedical engineering, electrical engineering, mechanical engineering, materials science, chemistry, and engineering infrastructure. This support is aimed at fostering innovation and advancement in these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
The Lord Foundation of North Carolina has achieved a respectable Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 82% overall, demonstrating transparency and fiscal responsibility, which are essential for donor confidence and engagement.
Strengths of the foundation include a fully independent board, with 57% of its members being independent. It also boasts robust financial health indicators, such as a 0.00% liabilities to assets ratio and an impressive program expense ratio of 99.87%, indicating that nearly all funds are directed towards its charitable programs.
While the organization has shown solid performance in its fiscal management and governance, ongoing engagement with stakeholders and expanding transparency in other operational areas could further strengthen its overall impact and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is The Lord Foundation Of North Carolina legitimate?
The Lord Foundation Of North Carolina is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lord Foundation Of North Carolina 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 Lord Foundation Of North Carolina?
The Lord Foundation of North Carolina supports Duke University by providing financial assistance for selected research, teaching, and academic programs in specific engineering fields. These fields include biomedical engineering, electrical engineering, mechanical engineering, materials science, chemistry, and engineering infrastructure. Through its grants to Duke University, the foundation aims to advance research and academic pursuits in these engineering disciplines.
Who is the CEO of The Lord Foundation Of North Carolina?
H Kirk Unruh Jr is the Director of The Lord Foundation Of North Carolina.
What is the revenue of The Lord Foundation Of North Carolina?
The Lord Foundation Of North Carolina's revenue in 2022 was $17,835,699.
Who are the executives of The Lord Foundation Of North Carolina and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $932,669
- Other: $49,629
- Compensation: $0
- Related: $281,665
- Other: $49,513
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $570,067
- Other: $55,652
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Lord Foundation Of North Carolina?
The Lord Foundation Of North Carolina's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lord Foundation Of North Carolina
The Lord Foundation of North Carolina is a philanthropic organization that plays a significant role in supporting Duke University's selected research, teaching, and academic programs in various engineering fields. This foundation's mission is geared toward providing financial assistance to Duke University to foster excellence in research and academic pursuits within the realms of biomedical engineering, electrical engineering, mechanical engineering, materials science, chemistry, and engineering infrastructure.
By granting funds to Duke University, The Lord Foundation of North Carolina enables the institution to make groundbreaking strides in engineering research and innovation. These grants empower Duke University to explore new frontiers in engineering, pushing the boundaries of knowledge and creating solutions to some of the world's most pressing challenges. The foundation's support is crucial in ensuring that Duke's engineering programs remain at the forefront of academic and research excellence.
Moreover, the financial assistance provided by The Lord Foundation of North Carolina to Duke University fosters a collaborative and interdisciplinary environment, where researchers and scholars in different engineering fields can work together to tackle complex issues. This interdisciplinary approach allows for a more holistic understanding of engineering concepts and facilitates the development of well-rounded engineering professionals. Ultimately, the foundation's unwavering commitment to supporting Duke University's engineering programs fuels the institution's ability to contribute meaningfully to the global engineering community.
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Impact
October, 2024
The Lord Foundation of North Carolina significantly impacts the academic landscape by providing financial assistance to Duke University, specifically targeting research, teaching, and academic programs in select engineering fields. By focusing on areas such as biomedical engineering, electrical engineering, mechanical engineering, materials science, chemistry, and engineering infrastructure, the foundation plays a crucial role in advancing innovative research and fostering educational excellence.
The grants awarded by the foundation enable Duke University to explore cutting-edge developments and cultivate talent in engineering disciplines, ultimately contributing to advancements in technology and healthcare. This support not only enhances the university's academic programs but also strengthens its position as a leader in engineering research.
Through its commitment to these fields, the Lord Foundation of North Carolina helps prepare the next generation of engineers and researchers, ensuring that they are equipped with the knowledge and skills necessary to tackle contemporary challenges. The foundation’s contributions lead to impactful discoveries and innovations that benefit society as a whole, creating a ripple effect that extends beyond the university to influence various industries and communities in North Carolina and beyond.
This information is meant to be a general summary of The Lord Foundation Of North Carolina. 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: $17,835,699
- Gross Receipts: $17,835,699
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1984
Phone
(919) 684-2006Principal Officer
H Kirk Unruh Jr
Main Address
324 BLACKWELL ST WASHIN BLDG 8, DURHAM, NC, 27701
NTEE Category
Code: B110 - Education
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