Overview
What is The Winston-Salem Foundation?
The Winston-Salem Foundation is a community foundation based in Winston-Salem, North Carolina. With approximately 1,040 endowed funds and 570 temporary funds, the organization serves as a facilitator, linking charitable resources to community needs and donor-specific locales. By inspiring giving and managing contributions, they aim to strengthen Forsyth County both now and in the future. Established on values of inclusion, accountability, and continuous learning, the Foundation engages in grant programs, advisory services, and scholarships primarily for Forsyth County residents. Their mission is to inspire giving, match charitable gifts with community needs, and hold themselves to the highest standards of ethics, service, and stewardship.
Official website here: www.wsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Winston-Salem Foundation has achieved a perfect score of 100% on accountability and finance, reflecting a strong commitment to transparency and responsible management of resources. Key strengths include having a fully independent board, rigorous financial oversight, and adherence to transparency practices such as posting necessary documents on their website. This level of accountability is exemplary and indicates a well-run organization.
However, user feedback from Great Nonprofits presents a contrasting perspective. One reviewer expressed significant dissatisfaction, claiming that the foundation does not genuinely support smaller organizations in the community, alleging that they primarily grant funds to those already established with revenue. This criticism raises concerns about the foundation’s actual impact on local initiatives and suggests that despite their financial soundness, they may not be fulfilling their mission effectively for all community members.
Overall, while the foundation's financial score reflects a well-managed and accountable organization, the sharp criticism from a community member highlights a potential disconnect between its operations and the needs of smaller, less established organizations. This dichotomy suggests that prospective donors should consider both the foundation's financial metrics and the qualitative experiences of those they aim to serve.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about The Winston-Salem Foundation?
96% of 26 reviewers on Facebook recommend The Winston-Salem Foundation. Here is a summary of their reviews:
Many users commend the foundation for its impressive track record and its significant contributions to the community. Reviewers appreciate the organization's efforts in aiding citizens and fostering the development of Winston-Salem. Their commitment to maintaining and enhancing the quality of life in the area resonates positively with the people they serve.
Overall, the sentiment surrounding The Winston-Salem Foundation is highly favorable, with users expressing satisfaction regarding the impact of its initiatives. The strong recommendation rate reflects a shared belief among reviewers that the foundation is effectively delivering on its promises to the community.
This AI summary has been generated from reviews found on Facebook.
Is The Winston-Salem Foundation legitimate?
The Winston-Salem Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Winston-Salem 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: $1,014,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,107,614
For more financial information, click here
Official website here: www.wsfoundation.org
What is the mission statement of The Winston-Salem Foundation?
The Winston-Salem Foundation serves as a community foundation, acting as a facilitator connecting charitable donations with community needs. Their mission is to inspire giving and link resources to action, aiming to strengthen their community both now and in the future. As an organization, they uphold the values of inclusion, practicing and advocating for inclusivity, honoring the unique strengths and experiences of all individuals. Accountability is another core value, as they honor the intentions of donors and partners while maintaining the highest ethical standards. Lastly, continuous learning is a commitment they hold, evolving with the community and partners to make a positive impact.
Official website here: www.wsfoundation.org
Who is the CEO of The Winston-Salem Foundation?
Latida M Smith is the President of The Winston-Salem Foundation.
Official website here: www.wsfoundation.org
What is the revenue of The Winston-Salem Foundation?
The Winston-Salem Foundation's revenue in 2022 was $62,200,081.
Official website here: www.wsfoundation.org
Who are the executives of The Winston-Salem Foundation and what are their salaries?
The average compensation at The Winston-Salem Foundation during 2022 was $97,570. There are 32 employees at The Winston-Salem Foundation.
Here are 25 key members and their salaries:
- 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: $277,131
- Related: $0
- Other: $46,295
- Compensation: $218,225
- Related: $0
- Other: $38,088
- Compensation: $163,763
- Related: $0
- Other: $32,125
- Compensation: $204,089
- Related: $0
- Other: $34,905
- Compensation: $106,181
- Related: $0
- Other: $32,544
- Compensation: $147,836
- Related: $0
- Other: $43,776
- Compensation: $116,135
- Related: $0
- Other: $35,583
- Compensation: $105,503
- Related: $0
- Other: $40,821
- Compensation: $117,101
- Related: $0
- Other: $27,372
Official website here: www.wsfoundation.org
Where can I find the form 990 for The Winston-Salem Foundation?
The Winston-Salem Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wsfoundation.org
Learn more at the official website: www.wsfoundation.org
Mission Statement of The Winston-Salem Foundation
The Winston-Salem Foundation, a community foundation, inspires giving and links resources to action, strengthening Forsyth County both now and in the future. As a facilitator, it matches charitable gifts with charitable needs within the community and among donor-specific locales. The organization's mission is driven by three core values: inclusion, accountability, and continuous learning.
Guided by the value of inclusion, The Winston-Salem Foundation champions and practices inclusivity, valuing the strengths and experiences of all in the community. It honors the diverse backgrounds and perspectives that contribute to the vibrancy and resilience of the community.
Adhering to the value of accountability, the Foundation upholds the intentions of its donors and partners, maintaining the highest standards of ethics, service, and stewardship. It meticulously manages resources, ensuring they are directed towards the intended charitable objectives.
Rooted in the value of continuous learning, The Winston-Salem Foundation is committed to evolving with its community and its partners. It strives to gain new insights and knowledge, utilizing this information to better serve the community and create lasting, positive change.
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
October, 2024
The Winston-Salem Foundation significantly influences the community by administering over 1,040 endowed funds and 570 temporary funds, channeling resources into diverse sectors such as education, health, culture, and social services. By providing targeted grants, the foundation addresses various community needs and strengthens local organizations, including cultural, educational, and religious entities.
It actively inspires giving and facilitates connections between charitable gifts and community needs, ensuring that resources are effectively matched with those in need. Additionally, the foundation supports Forsyth County residents through scholarship programs, which are awarded upon committee approval, thus fostering educational opportunities and personal development.
Core values such as inclusion, accountability, and continuous learning guide the foundation’s operations, ensuring that it honors the diverse experiences and strengths of the community while holding itself to the highest standards of ethics and stewardship. Through these efforts, The Winston-Salem Foundation plays a crucial role in fostering a vibrant and sustainable community, implementing positive change for the present and future.
This information is meant to be a general summary of The Winston-Salem 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: $17,963,310
- Program Service Revenue: $28,118
- Gross Receipts: $213,157,308
Assets and Liabilities:
- Total Assets: $629,191,522
- Total Liabilities: $2,934,109
- Net Assets: $626,257,413
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRIOR GRANTS RETURNED
Revenue
$17,479
EVENT RECEIPTS
Revenue
$8,099
STUDENT LOAN INTEREST
Revenue
$2,540
Organization Details
Founding Year
1919
Phone
(336) 725-2382Principal Officer
Latida M Smith
Main Address
751 W FOURTH STREET 200, WINSTONSALEM, NC, 271012702
Website
www.wsfoundation.orgNTEE Category
Code: T310 - Philanthropy
If you are a representative of The Winston-Salem Foundation 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.