Overview
What is Mary Kay Ash Foundation?
The Mary Kay Ash Foundation is a nonprofit organization situated in Addison, Texas. Its primary mission is to provide support for IRS section 501(c)(3) organizations, focusing on various vital sectors. These sectors include education, medical research, cancer research, women's health issues, and raising awareness of the widespread issue of violence against women. The foundation has demonstrated its commitment by granting a substantial amount of $2,808,790 to these organizations, contributing to their endeavors and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star Rating
The Mary Kay Ash Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored 95% in these areas, indicating effective financial management and transparency. Key factors contributing to this rating include a fully independent board and high program expense ratios, ensuring that the majority of funds are directed toward meaningful initiatives.
User reviews from Great Nonprofits highlight the foundation's significant contributions to women's health, particularly in cancer research and domestic violence prevention. Reviewers praise the foundation's efforts to distribute substantial grants for cancer research and support for domestic violence shelters. The organization reportedly allocates over 97% of donations directly to these causes, emphasizing its commitment to impactful giving.
However, while the foundation has received overwhelmingly positive feedback, it is essential to note that some reviews are dated, and ongoing user experiences may vary. Overall, the Mary Kay Ash Foundation stands out for its strong financial practices and dedication to supporting comprehensive women's health initiatives.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Mary Kay Ash Foundation legitimate?
Mary Kay Ash Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Kay Ash 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.
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What is the mission statement of Mary Kay Ash Foundation?
The Mary Kay Ash Foundation's mission is centered around providing support to 501(c)(3) organizations. These organizations engage in various initiatives, including education, medical research, cancer research, women's health issues, and raising awareness about the widespread issue of violence against women. The primary objective of the foundation is to offer financial assistance to these organizations, thereby contributing to their efforts in these respective domains. The foundation has demonstrated this commitment by providing grants totaling $2,808,790 to these organizations.
Who is the CEO of Mary Kay Ash Foundation?
Michael Lunceford is the Director of Mary Kay Ash Foundation.
What is the revenue of Mary Kay Ash Foundation?
Mary Kay Ash Foundation's revenue in 2022 was $4,554,537.
Who are the executives of Mary Kay Ash Foundation and what are their salaries?
There 224 volunteers at Mary Kay Ash Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mary Kay Ash Foundation?
Mary Kay Ash Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Kay Ash Foundation
The Mary Kay Ash Foundation, named after its renowned founder, focuses its efforts on providing support for various 501(C)(3) organizations. These organizations are involved in a range of significant activities, including education, medical research, cancer research, women's health issues, and raising awareness about the alarming epidemic of violence against women. The foundation's mission is to bolster these organizations financially, enabling them to carry out their noble work effectively.
In line with this mission, the Mary Kay Ash Foundation has distributed substantial grants totaling $2,808,790. These funds are allocated to organizations that align with the foundation's vision, ensuring they can continue their vital work in these critical areas. By doing so, the foundation plays a significant role in contributing to advancements in education, medical research, cancer research, women's health, and the fight against violence against women. The ultimate goal is to improve the lives of countless individuals and contribute to a more enlightened and supportive society.
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Impact
July, 2024
The Mary Kay Ash Foundation has provided grants totaling $2,808,790 to support organizations involved in education, medical research, cancer research, women's health issues, and raising awareness of the epidemic problem of violence against women. This substantial financial support has had a significant impact in these critical areas, contributing to advancements in research, education, and advocacy efforts aimed at improving the well-being of women and addressing pressing health and social issues.
This information is meant to be a general summary of Mary Kay Ash 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: $668,991
- Gross Receipts: $5,316,350
Assets and Liabilities:
- Total Assets: $14,935,053
- Total Liabilities: $176,975
- Net Assets: $14,758,078
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Organization Details
Founding Year
1996
Phone
(972) 687-6300Principal Officer
Michael Lunceford
Main Address
16251 DALLAS PARKWAY, ADDISON, TX, 75001
NTEE Category
Code: T22 - Philanthropy
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