Overview
What is Potlatch Fund?
Potlatch Fund is a grant-giving nonprofit organization situated in Seattle, Washington. Established with a mission to inspire philanthropy and expand it within Native communities in the Pacific Northwest, Potlatch Fund has been actively granting funds since 2005. In 2022 alone, they awarded 105 recipients from Washington, Oregon, Idaho, and Montana, amounting to a total of $512,500. This brings their cumulative giving to an impressive $7,487,500, supporting various tribes, Native-led nonprofits, and Native artists. With a committed workforce of six individuals, Potlatch Fund continues to strengthen the native tradition of giving and expand philanthropy in the region.
Official website here: www.potlatchfund.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 89%, Three-Star out of Four Star rating.
Potlatch Fund has achieved a commendable score of 89%, reflecting a strong emphasis on accountability and finance. The organization has demonstrated excellence in several key areas, including maintaining a fully independent board and having no material diversions of assets. Their conflict of interest and whistleblower policies are also robust, contributing to overall transparency.
The organization allocates a significant portion of its budget to program expenses, with a program expense ratio of 69.44%. This indicates a commitment to their mission and effective resource utilization. Additionally, the fundraising efficiency is impressive, with only $0.10 spent to raise each dollar, suggesting that Potlatch Fund is effective in its fundraising efforts.
While the rating highlights many strengths, potential donors may want to consider the overall impact and program effectiveness beyond the financial metrics. As with any nonprofit, understanding the specific programs and their outcomes is crucial for assessing the organization's true value in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Potlatch Fund legitimate?
Potlatch Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potlatch 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: $392,403
Professional Fundraising Fees: $64,605
Other Salaries and Wages: $278,073
For more financial information, click here
Official website here: www.potlatchfund.org
What is the mission statement of Potlatch Fund?
The Potlatch Fund's mission is to foster a culture of giving and expand philanthropy within Native communities in the Pacific Northwest. This is achieved by drawing inspiration from the traditional practice of potlaching, a gift-giving ceremony, and encouraging the involvement of tribal nations and communities in philanthropic activities. In 2022, the fund awarded grants to 105 recipients, amounting to $512,500, bringing their cumulative giving since 2005 to over $7.4 million, benefiting various Native tribes, non-profits, and artists.
Official website here: www.potlatchfund.org
What is the revenue of Potlatch Fund?
Potlatch Fund's revenue in 2023 was $2,508,759.
Official website here: www.potlatchfund.org
Who are the executives of Potlatch Fund and what are their salaries?
The average compensation at Potlatch Fund during 2023 was $83,810. There are 8 employees and 20 volunteers at Potlatch Fund.
Here are 14 key members and their salaries:
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- Compensation: $124,775
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- Other: $7,028
- Compensation: $113,263
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- Other: $8,763
Official website here: www.potlatchfund.org
Where can I find the form 990 for Potlatch Fund?
Potlatch Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.potlatchfund.org
Learn more at the official website: www.potlatchfund.org
Mission Statement of Potlatch Fund
The Potlatch Fund, inspired by the traditional Native giving practice, strives to foster philanthropy within tribal communities and Native nations in the Pacific Northwest. Their mission is twofold: firstly, to encourage the continuation of the Native tradition of generosity, and secondly, to expand philanthropic efforts within these communities. Through their grant program, they have awarded funds to a variety of recipients, including tribal nations, Native-led nonprofits, groups, and Native artists, totaling over $7.4 million since 2005. This continuous support aims to foster growth, development, and empowerment within these communities, thereby strengthening the philanthropic landscape in the Pacific Northwest.
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Impact
July, 2024
Potlatch Fund's impact is significant in inspiring giving and expanding philanthropy within Native communities in the Pacific Northwest. In 2022 alone, Potlatch Fund awarded 105 recipients from Washington, Oregon, Idaho, and Montana a total of $512,500. Since 2005, they have granted a cumulative total of $7,487,500 to tribes, Native-led organizations, groups, and Native artists. Their mission is to inspire and build upon the Native tradition of giving, strengthening philanthropic activities within tribal nations and Native communities in the region.
This information is meant to be a general summary of Potlatch 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 2023.
- Investment Income: $36,705
- Gross Receipts: $2,679,400
Assets and Liabilities:
- Total Assets: $4,365,569
- Total Liabilities: $167,282
- Net Assets: $4,198,287
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Organization Details
Founding Year
2004
Principal Officer
Cleora Hill-Scott
Website
www.potlatchfund.orgNTEE Category
Code: A23 - Arts
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