Overview
What is Raymond James Charitable Endowment Fund?
The Raymond James Charitable Endowment Fund (RJCEF) is a charitable organization based in St. Petersburg, Florida. They specialize in managing donor-advised funds, enabling individuals to simplify their charitable giving and amplify its impact. During the current fiscal year, approximately 7,775 donor-advised funds were in operation. The RJCEF Board of Trustees launched a grant initiative program, awarding grants to a diverse range of 501(c)(3) organizations from both their general funds and donor-advised funds. In total, $372,813,010 was distributed to US tax-exempt organizations in categories such as faith-based organizations (20%), education and schools (11%), social services (13%), various other public charities (44%), medicine and science (6%), arts, culture, and museums (3%), and environment and animal welfare (3%). The RJCEF aims to foster generosity by offering programs that facilitate giving, optimize impact, and bring donors' philanthropic vision to life.
Official website here: www.raymondjamescharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Raymond James Charitable Endowment Fund has achieved a Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With a perfect score of 100% in key areas such as independent board membership and financial oversight, the organization demonstrates a commitment to transparency and responsible management of its resources.
Strengths of the organization include exceptional financial health, indicated by a program expense ratio of 98.82% and a low liabilities to assets ratio of 0.56%. The charity's practices, such as having a conflict of interest policy and a whistleblower policy, further enhance its accountability. Additionally, it effectively distributes its financial forms and meeting documents to ensure compliance and transparency.
However, while the charity's fundraising efficiency ratio shows room for improvement, it is notable that this does not significantly detract from its overall financial stability and programmatic effectiveness. The organization appears well-structured to fulfill its mission while maintaining high standards of governance.
This AI summary has been generated from information found on Charity Navigator.
Is Raymond James Charitable Endowment Fund legitimate?
Raymond James Charitable Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raymond James Charitable Endowment 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: $64,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.raymondjamescharitable.org
What is the mission statement of Raymond James Charitable Endowment Fund?
The Raymond James Charitable Endowment Fund concentrates on encouraging generosity by offering programs to donors, simplifying the giving process, and amplifying the impact of their philanthropic vision. The organization manages donor-advised funds, which have experienced significant growth, with approximately 7,775 funds established during the current fiscal year. The RJCEF Board of Trustees introduced a grant initiative program, allowing applications from various organizations and granting funds from both its general funds and donor-advised funds. During the fiscal year, the RJCEF distributed grants totaling $372,813,010 to a range of IRS-approved, tax-exempt organizations. The charitable grants accounted for 33% of the beginning of the year net assets, amounting to $381,057,948. The grantees spanned a range of categories, including 20% faith-based organizations, 11% education and school organizations, 13% social services organizations, 44% various other public charitable organizations, 6% medicine and science organizations, 3% arts, culture, and museum organizations, and 3% environment and animal organizations.
Official website here: www.raymondjamescharitable.org
Who is the CEO of Raymond James Charitable Endowment Fund?
Erik Fruland is the Trustee/Chairman of Raymond James Charitable Endowment Fund.
Official website here: www.raymondjamescharitable.org
What is the revenue of Raymond James Charitable Endowment Fund?
Raymond James Charitable Endowment Fund's revenue in 2022 was $761,758,301.
Official website here: www.raymondjamescharitable.org
Who are the executives of Raymond James Charitable Endowment Fund and what are their salaries?
There 3 volunteers at Raymond James Charitable Endowment Fund.
Here are 8 key members and their salaries:
- Compensation: $16,500
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.raymondjamescharitable.org
Where can I find the form 990 for Raymond James Charitable Endowment Fund?
Raymond James Charitable Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.raymondjamescharitable.org
Learn more at the official website: www.raymondjamescharitable.org
Mission Statement of Raymond James Charitable Endowment Fund
The Raymond James Charitable Endowment Fund, a leading philanthropic organization, is committed to influencing an increase in generosity by providing programs that simplify giving, maximize impact, and bring donors' philanthropic visions to life. This endowment fund operates primarily through donor-advised funds, which have seen significant growth, with approximately 7,775 funds in operation during the current fiscal year.
The Raymond James Charitable Endowment Fund's Board of Trustees introduced a Grant Initiative Program during the period, accepting applications from various organizations and distributing grants from both its general funds and donor-advised funds. The organization made impressive grants totaling $372,813,010 to a diverse range of U.S. IRS-approved, tax-exempt organizations across various sectors. The categories included 20% faith-based organizations, 11% education and school organizations, 13% social services organizations, 44% various other public charitable organizations, 6% medicine and science organizations, 3% arts, culture, and museum organizations, and 3% environment and animal organizations.
In summary, the Raymond James Charitable Endowment Fund empowers donors by providing them with simplified giving options and maximizing the impact of their charitable donations. By operating donor-advised funds at the core of its charitable operations and granting funds to a wide array of 501(C)(3) public charities, the organization plays a significant role in fostering generosity and supporting various causes that enrich communities and improve lives.
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Impact
October, 2024
Raymond James Charitable Endowment Fund significantly enhances philanthropic efforts by operating donor-advised funds, which simplify the process of giving while maximizing overall impact. With approximately 7,775 donor-advised funds currently active, the Fund supports a diverse range of charitable initiatives across the United States. In the recent fiscal year, it made substantial grants totaling $372,813,010 to various 501(c)(3) public charities.
These grants encompass a wide spectrum of categories: 20% were directed to faith-based organizations, 11% to educational institutions, and 13% to social services. Additionally, 44% of the grants benefited various other public charitable organizations, while smaller portions went to medicine and science (6%), arts and culture (3%), and environmental and animal organizations (3%). Overall, the Fund's approach not only facilitates charitable giving but also drives an increase in generosity, aligning with its mission to help donors realize their philanthropic vision. Through its grant initiative program, the RJCEF actively engages with organizations seeking support, thus amplifying its impact on communities and vital causes.
This information is meant to be a general summary of Raymond James Charitable Endowment Fund. 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: $92,726,844
- Gross Receipts: $2,376,488,855
Assets and Liabilities:
- Total Assets: $1,460,954,923
- Total Liabilities: $12,923,244
- Net Assets: $1,448,031,679
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Organization Details
Founding Year
2000
Phone
(727) 567-4861Principal Officer
Erik Fruland
Main Address
PO Box 23559, ST PETERSBERG, FL, 33742
NTEE Category
Code: T30 - Philanthropy
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