Overview
What is Mcf Gift Fund Inc?
McF Gift Fund Inc is a California-based, non-profit public benefit corporation established to support the Marin Community Foundation (MCF) by accepting charitable contributions. The organization, located at 5 Hamilton Landing 200 in Novato, California (CA, ZIP code 94949), focuses on making grants to MCF in accordance with its mission once the assets have been liquidated. In essence, McF Gift Fund Inc acts as a conduit for donations to benefit MCF and its initiatives.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Mcf Gift Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization’s overall score is derived solely from its accountability measures, indicating a focus on transparency and responsible financial management.
The charity boasts an impressive independent board composed entirely of independent members, demonstrating a commitment to governance that safeguards against conflicts of interest. Additionally, the organization has established robust financial oversight mechanisms, with no material diversion of assets reported and outstanding audit practices highlighted by a perfect score on its audit and oversight committee.
One of the most notable strengths of Mcf Gift Fund Inc is its financial efficiency, as indicated by a program expense ratio of 100%, ensuring that all funds are directed towards its charitable missions. Overall, the positive ratings suggest a well-managed organization that prioritizes integrity and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Mcf Gift Fund Inc legitimate?
Mcf Gift Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcf Gift Fund Inc 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
Official website here: www.none
What is the mission statement of Mcf Gift Fund Inc?
McF Gift Fund Inc, a California-based non-profit organization, functions as a supporting entity of the Marin Community Foundation. It engages in charitable grantmaking to further the mission of the Marin Community Foundation. The McF Gift Fund accepts charitable donations, which will be granted to the Marin Community Foundation to execute its charitable objectives as soon as the assets have been liquidated. The organization's philanthropic activities support various causes and initiatives aligned with the Marin Community Foundation's mission.
Official website here: www.none
Who is the CEO of Mcf Gift Fund Inc?
Rhea Suh is the President & Ceo of Mcf Gift Fund Inc. The CEO's salary of Mcf Gift Fund Inc is $0 and their total compensation is $189,353.
Official website here: www.none
What is the revenue of Mcf Gift Fund Inc?
Mcf Gift Fund Inc's revenue in 2022 was $53,478,736.
Official website here: www.none
Who are the executives of Mcf Gift Fund Inc and what are their salaries?
There 10 volunteers at Mcf Gift Fund Inc.
Here are 14 key members and their salaries (Mcf Gift Fund Inc's CEO's salary is $0 and their total compensation is $189,353):
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- Related: $185,006
- Other: $4,347
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- Related: $559,072
- Other: $76,294
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- Related: $394,129
- Other: $73,364
- Compensation: $0
- Related: $112,135
- Other: $48,961
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Mcf Gift Fund Inc
McF Gift Fund Inc, as a supporting organization of the Marin Community Foundation (MCF), engages in charitable grantmaking to further MCF's mission. The McF Gift Fund serves as a philanthropic entity that accepts donations on behalf of MCF and distributes grants based on its mission. By supporting MCF, McF Gift Fund Inc contributes to various charitable endeavors and initiatives that aim to benefit the wider community. The foundation's grantmaking activities are instrumental in advancing MCF's philanthropic goals and making a positive impact on the community.
Established as a California non-profit public benefit corporation, McF Gift Fund Inc focuses on charitable grantmaking to align with MCF's mission. Once the assets under its management are liquidated, the organization will grant funds to MCF to be used for philanthropic purposes. With its commitment to charitable giving, McF Gift Fund Inc plays a crucial role in amplifying the impact of MCF's initiatives and expanding its reach in the community. The foundation's grantmaking efforts enable MCF to address pressing social issues and support a wide range of charitable causes. Through this collaborative approach, McF Gift Fund Inc strengthens the capacity of MCF to create lasting change and improve the lives of many.
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Impact
October, 2024
Mcf Gift Fund Inc significantly contributes to the philanthropic landscape by facilitating charitable grantmaking that supports the broader mission of the Marin Community Foundation. By accepting and managing charitable contributions, the fund ensures that resources are allocated effectively to benefit various programs and initiatives within the community.
The foundation's approach to grantmaking helps empower local organizations, addressing pressing community needs and enhancing the quality of life for residents in Marin County. Furthermore, as assets are liquidated, the Mcf Gift Fund promptly directs funds to MCF, enabling swift and impactful support for initiatives aligned with the community's goals. This strategic collaboration amplifies the reach and effectiveness of charitable efforts, fostering a culture of giving and social responsibility within the region.
This information is meant to be a general summary of Mcf Gift Fund Inc. 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: $3,897,837
- Gross Receipts: $88,651,206
Assets and Liabilities:
- Total Assets: $32,076,088
- Total Liabilities: $4,517,563
- Net Assets: $27,558,525
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Organization Details
Founding Year
2001
Phone
(415) 464-2500Principal Officer
Rhea Suh
Main Address
5 HAMILTON LANDING 200, NOVATO, CA, 94949
Website
www.noneNTEE Category
Code: T11 - Philanthropy
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