Overview
What is Marion K Chauncey Charitable Foundation?
The Marion K Chauncey Charitable Foundation is a philanthropic organization situated in Palestine, Texas. Its primary mission is to support various Section 501(c)(3) nonprofits, with a significant focus on the University of Mary Washington Foundation and the Lighthouse for the Blind of Houston. By extending its resources to these organizations, the foundation contributes to their respective programs and initiatives. The Marion K Chauncey Charitable Foundation serves as a valuable partner, aiding these organizations in fulfilling their respective missions and goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Marion K Chauncey Charitable Foundation has received a one-star rating due to its overall accountability and finance score of 50%. This rating reflects concerning governance practices, including a lack of independent board members and missing critical policies such as conflict of interest and whistleblower protections. While the organization has scored well on its program expense ratio, indicating that a significant portion of its funding is directed towards its programs, these governance issues raise flags regarding its operational transparency.
One notable strength of the foundation is its program expense ratio, which stands at 70.80%. This suggests that the majority of its funds are utilized for charitable activities rather than administrative costs. However, the absence of an independent board and required policies creates a lack of oversight that could impact the foundation's long-term sustainability and credibility.
Limitations in governance practices, alongside the missing website and document retention policies, suggest that the organization may need to enhance its accountability measures to foster trust with donors and the public. The combination of these factors contributes to a low rating and indicates that potential supporters should consider these aspects before contributing to the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Marion K Chauncey Charitable Foundation legitimate?
Marion K Chauncey Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion K Chauncey Charitable 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: $5,954
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Marion K Chauncey Charitable Foundation?
The Marion K Chauncey Charitable Foundation is established to support various Section 501(c)(3) organizations. Its mission is to contribute to the initiatives and programs of these charitable entities, specifically focusing on the University of Mary Washington Foundation and Lighthouse for the Blind of Houston. The foundation does not provide a specific mission statement of its own, but rather, it serves as a benefactor to these organizations, contributing to their respective causes.
Who is the CEO of Marion K Chauncey Charitable Foundation?
Verabank is the Trustee of Marion K Chauncey Charitable Foundation.
What is the revenue of Marion K Chauncey Charitable Foundation?
Marion K Chauncey Charitable Foundation's revenue in 2022 was $17,894.
Who are the executives of Marion K Chauncey Charitable Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,954
- Related: $0
- Other: $0
Where can I find the form 990 for Marion K Chauncey Charitable Foundation?
Marion K Chauncey Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marion K Chauncey Charitable Foundation
The Marion K Chauncey Charitable Foundation is committed to supporting various nonprofit organizations that fall under the Section 501(c)(3) category. The primary aim of this foundation is to extend its assistance to these charitable organizations, specifically the University of Mary Washington Foundation and Lighthouse for the Blind of Houston. By doing so, the Marion K Chauncey Charitable Foundation contributes to their respective missions and initiatives, ultimately benefiting the communities they serve. The foundation's role is instrumental in providing support to these organizations, allowing them to continue their valuable work in their respective fields.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Marion K. Chauncey Charitable Foundation significantly impacts the community by actively supporting various Section 501(c)(3) organizations. Its primary focus includes enhancing educational opportunities through its contributions to the University of Mary Washington Foundation, which helps foster academic excellence and scholarship in higher education. Additionally, the foundation aids the Lighthouse for the Blind of Houston, promoting inclusivity and providing essential services for individuals with visual impairments.
By channeling resources and support to these organizations, the foundation plays a pivotal role in improving lives, empowering individuals, and enriching the overall community. Its philanthropic endeavors foster a culture of giving and encourage the development of programs that address critical needs in education and disability services, making a lasting difference in the lives of many.
This information is meant to be a general summary of Marion K Chauncey Charitable 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: $17,894
- Gross Receipts: $132,587
Assets and Liabilities:
- Total Assets: $433,834
- Total Liabilities: $0
- Net Assets: $433,834
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Phone
(903) 729-6048Principal Officer
Verabank
Main Address
PO BOX 770, PALESTINE, TX, 75802
NTEE Category
Code: T90 - Philanthropy
If you are a representative of Marion K Chauncey Charitable Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.