Overview
What is Legacytree Foundation?
The Legacytree Foundation, based in Brentwood, Tennessee, is a nonprofit organization with a strong mission to offer spiritual, physical, and humanitarian aid to individuals in need. In 2022, they distributed 206 grants to various worthy organizations that align with their mission. These grants are provided to Legacytree Foundation's chosen charitable impact partners as well as organizations recommended by the foundation's donors. The foundation has a modest workforce of six employees dedicated to fulfilling its mission and making a difference in people's lives.
Official website here: www.legacytreefoundation.org
What are the reviews and ratings of this charity?
**Legacytree Foundation**
**Charity Navigator Rating: Needs Improvement (Two Stars, 65%)**
The Legacytree Foundation has received a "Needs Improvement" rating from Charity Navigator, with a score of 65% based solely on its Accountability & Finance metrics. The foundation struggles primarily with board governance, having no independent board members, which significantly impacts its rating. While it performs well in areas like conflict of interest and whistleblower policies, it lacks transparency, notably by not posting its tax form on its website.
Financial health indicators show a high liabilities-to-assets ratio, which raises concerns about its financial stability. However, its fundraising efficiency appears commendable, indicating a low cost per dollar raised. Program efficiency is moderate, with 63% of expenses allocated to programs, suggesting that there is potential for improved funding allocation.
User reviews from GreatNonprofits could not be fetched, so feedback from the community is currently not available. Overall, while Legacytree Foundation shows strengths in specific areas of financial management and accountability, it faces key challenges in governance and transparency that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Legacytree Foundation?
92% of the 8 reviewers on Facebook recommend Legacytree Foundation. Here’s a summary of their thoughts:
Many individuals appreciate the organization’s approach to supporting both beneficiaries and charitable causes through financial planning strategies. The reviews highlight the benefits of converting various financial instruments, such as annuities, into contributions that can positively impact heirs and chosen charities. Users express admiration for the tax advantages associated with these plans, seeing them as a win-win for benefactors and nonprofits alike.
Overall, reviewers feel that Legacytree Foundation offers valuable services that align personal financial goals with charitable giving, thus fulfilling its promise of facilitating impactful legacy planning.
This AI summary has been generated from reviews found on Facebook.
Is Legacytree Foundation legitimate?
Legacytree Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacytree 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: $436,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $359,847
For more financial information, click here
Official website here: www.legacytreefoundation.org
What is the mission statement of Legacytree Foundation?
The Legacytree Foundation's mission is centered around providing aid to those in need, encompassing both spiritual and physical aspects, as well as humanitarian support. This organization works towards achieving this goal by offering grants to worthy organizations that implement hands-on services in line with its mission. These grants are distributed to Legacytree Foundation's chosen charitable impact partners, as well as organizations recommended by the foundation's donors.
Official website here: www.legacytreefoundation.org
Who is the CEO of Legacytree Foundation?
James Wolter is the President of Legacytree Foundation.
Official website here: www.legacytreefoundation.org
What is the revenue of Legacytree Foundation?
Legacytree Foundation's revenue in 2022 was $8,304,562.
Official website here: www.legacytreefoundation.org
Who are the executives of Legacytree Foundation and what are their salaries?
The average compensation at Legacytree Foundation during 2022 was $132,717. There are 6 employees at Legacytree Foundation.
Here are 7 key members and their salaries:
- Compensation: $200,283
- Related: $0
- Other: $41,698
- 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: $159,433
- Related: $0
- Other: $35,043
- Compensation: $140,942
- Related: $0
- Other: $29,699
Official website here: www.legacytreefoundation.org
Where can I find the form 990 for Legacytree Foundation?
Legacytree Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacytreefoundation.org
Learn more at the official website: www.legacytreefoundation.org
Mission Statement of Legacytree Foundation
LegacyTree Foundation, a notable organization, is committed to providing aid in three vital aspects: spiritual, physical, and humanitarian. Their mission is to extend this assistance to those who are in need. By presenting grants to worthy organizations that offer hands-on services, LegacyTree Foundation ensures that it fulfills its mission to provide aid in these three essential domains. In 2022 alone, the foundation distributed 206 grants to charitable impact partners and organizations suggested by its donors, all with the goal of helping those in need. The LegacyTree Foundation's dedication to this mission is evident in its ongoing efforts to provide aid in a holistic manner, addressing both spiritual and physical needs as well as offering humanitarian assistance.
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Impact
July, 2024
Legacytree Foundation's impact in providing spiritual, physical, and humanitarian aid to those in need is substantial. In 2022, the foundation presented 206 grants to worthy organizations who embody the mission of supporting individuals requiring such assistance. By distributing grants to chosen charitable impact partners and organizations recommended by donors, Legacytree Foundation plays a significant role in addressing the needs of marginalized and vulnerable populations. The foundation's efforts in Brentwood, TN, reflect a commitment to making a tangible difference in the lives of those facing challenges, illustrating the positive impact of their work in the community.
This information is meant to be a general summary of Legacytree 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: $2,074,702
- Gross Receipts: $9,707,408
Assets and Liabilities:
- Total Assets: $75,938,646
- Total Liabilities: $62,711,865
- Net Assets: $13,226,781
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Organization Details
Founding Year
1999
Phone
(615) 468-8048Principal Officer
James Wolter
Main Address
1600 WESTGATE CIRCLE 200, BRENTWOOD, TN, 37027
Website
www.legacytreefoundation.orgNTEE Category
Code: X20 - Religion related
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