Overview
What is Charles A Hamilton Charitable Trust?
Charles A Hamilton Charitable Trust is a philanthropic organization established to provide financial aid to selected 501(c)(3) nonprofits. Based in Birmingham, Alabama, the trust's mission is to offer financial support to these organizations, helping them achieve their charitable objectives within Calhoun County and its surrounding areas. The trust's activities are focused on offering financial assistance to these selected organizations, contributing to their efforts in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
The Charles A Hamilton Charitable Trust has received a moderate score of 63%, reflecting both strengths and weaknesses in its performance. A notable highlight is the composition of its board, which boasts 10 out of 10 points for having all independent members. Additionally, the trust has demonstrated a commendable track record with no material diversion of assets, earning a perfect score in that area and maintaining a favorable liabilities to assets ratio.
However, the organization faces significant challenges in transparency and governance. It scored poorly in several key areas, including independent board size, lack of a conflict of interest policy, and absence of a whistleblower policy, which are critical for accountability. Furthermore, the trust's website was not listed on its tax form, which could hinder public access to information about its operations and programs. Overall, while the trust has a solid governance structure, its lack of policies and transparency measures raises concerns for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Charles A Hamilton Charitable Trust legitimate?
Charles A Hamilton Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles A Hamilton Charitable Trust 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
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What is the mission statement of Charles A Hamilton Charitable Trust?
The Charles A Hamilton Charitable Trust is established with a mission to provide financial assistance to selected 501(c)(3) organizations. This mission aims to accomplish specific charitable goals within the community of Calhoun County, Alabama, and its surrounding areas. The trust provides financial support to these organizations to contribute to various charitable endeavors. The exact organizations and projects supported by the trust can be found in the attached schedule.
Who is the CEO of Charles A Hamilton Charitable Trust?
Regions Bank is the Trustee of Charles A Hamilton Charitable Trust.
What is the revenue of Charles A Hamilton Charitable Trust?
Charles A Hamilton Charitable Trust's revenue in 2022 was $156,825.
Who are the executives of Charles A Hamilton Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Charles A Hamilton Charitable Trust?
Charles A Hamilton Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charles A Hamilton Charitable Trust
The Charles A. Hamilton Charitable Trust is a philanthropic organization that aims to provide financial assistance to selected 501(c)(3) nonprofits. Their mission is to offer financial support to these organizations in order to accomplish specific charitable goals within the community of Calhoun County, Alabama, and its surrounding areas. The trust was established with the purpose of providing financial aid to these particular 501(c)(3) organizations, as outlined in an attached schedule.
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Impact
October, 2024
The Charles A Hamilton Charitable Trust significantly influences the community of Calhoun County, Alabama, by providing vital financial support to selected 501(c)(3) organizations. Its focused mission aims to empower these organizations to achieve specific charitable goals that benefit the local community and its surrounding areas. By strategically allocating resources, the trust enhances the capacity of these entities to deliver essential services and programs, fostering a culture of philanthropy and addressing the needs of residents. This charitable initiative plays a crucial role in driving positive change and improving the quality of life in the region.
This information is meant to be a general summary of Charles A Hamilton Charitable Trust. 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: $156,825
- Gross Receipts: $885,808
Assets and Liabilities:
- Total Assets: $4,709,356
- Total Liabilities: $0
- Net Assets: $4,709,356
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Organization Details
Founding Year
1989
Phone
(205) 326-7224Principal Officer
Regions Bank
Main Address
REGIONS 1900 5TH AVE N 25TH FLOOR, BIRMINGHAM, AL, 35203
NTEE Category
Code: T30 - Philanthropy
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