Overview
What is Mary Kate Shannon Benevolent Trust?
The Mary Kate Shannon Benevolent Trust serves as a philanthropic organization, channeling resources to numerous charitable entities. As a grantmaking foundation, it focuses on distributing donations to assist those in need, exhibiting a broad scope in its charitable commitments. The trust's primary mission lies in financially supporting various charitable organizations, aiming to contribute positively to diverse communities.
Is Mary Kate Shannon Benevolent Trust legitimate?
Mary Kate Shannon Benevolent Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Kate Shannon Benevolent Trust 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: $67,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mary Kate Shannon Benevolent Trust?
The Mary Kate Shannon Benevolent Trust is committed to providing financial support to numerous charitable organizations. Their mission, as stated, is to distribute funds to these charities. Operating as a philanthropy, voluntarism, and grantmaking foundation, their focus is broadly on providing aid to those in need. The trust serves as a means to contribute to various charitable causes, providing a vital source of funding for these organizations.
Who is the CEO of Mary Kate Shannon Benevolent Trust?
Nellie Stillwell is the Trustee of Mary Kate Shannon Benevolent Trust.
What is the revenue of Mary Kate Shannon Benevolent Trust?
Mary Kate Shannon Benevolent Trust's revenue in 2022 was $214,047.
Who are the executives of Mary Kate Shannon Benevolent Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $67,085
Where can I find the form 990 for Mary Kate Shannon Benevolent Trust?
Mary Kate Shannon Benevolent Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Kate Shannon Benevolent Trust
The Mary Kate Shannon Benevolent Trust is a philanthropic organization with a mission to provide financial assistance to various charitable organizations. This trust acts as a grantmaking foundation, dedicating its resources to distribute donations to those in need. By functioning as a hub for charitable giving, the Mary Kate Shannon Benevolent Trust contributes to the betterment of numerous causes, operating under the umbrella of philanthropy and voluntarism.
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Impact
October, 2024
The Mary Kate Shannon Benevolent Trust significantly impacts the community by providing essential funding to various charitable organizations. Through its targeted donations, the Trust plays a vital role in addressing the needs of those less fortunate, fostering a culture of support and philanthropy in Tazewell, Virginia, and beyond. By distributing resources to a range of charitable initiatives, the Trust not only supports immediate relief efforts but also contributes to the long-term sustainability of organizations that work tirelessly to improve the lives of individuals and families in need. Its commitment to grantmaking and voluntarism enriches the social fabric of the communities it serves, empowering both the beneficiaries and the organizations dedicated to helping them.
This information is meant to be a general summary of Mary Kate Shannon Benevolent Trust. 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: $214,047
- Gross Receipts: $1,942,123
Assets and Liabilities:
- Total Assets: $7,602,314
- Total Liabilities: $0
- Net Assets: $7,602,314
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Organization Details
Founding Year
2004
Phone
(276) 979-0359Principal Officer
Nellie Stillwell
Main Address
PO Box 687, Tazewell, VA, 24651
NTEE Category
Code: T20 - Philanthropy
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