Overview
What is The David Foster Foundation?
The David Foster Foundation, headquartered in Los Angeles, California, is a nonprofit organization with a primary mission to aid families facing financial hardships due to a child's need for an organ transplant. They offer financial assistance to these families and actively promote the importance of organ donation within the United States. The foundation is dedicated to increasing public awareness and education regarding organ donation, fostering partnerships with like-minded organizations, and inspiring people to register as organ donors. With a small team of dedicated individuals, they strive to make a significant impact in the lives of those in need.
Official website here: www.davidfosterfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating (39%)
The David Foster Foundation has received a troubling zero-star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial management. With an overall score of 39%, the organization lacks independent board members entirely, which raises questions about governance and oversight. Additionally, the absence of financial statements and missing key policies, such as conflict of interest and whistleblower protections, further undermine its operational transparency.
Despite having a low program expense ratio of 54.92%, indicating that less than half of the funds go directly to programs, the foundation reports no material diversion of assets, which is a positive aspect. Furthermore, it maintains a good liabilities to assets ratio of 19.39%, suggesting a manageable debt level. However, the lack of transparency in financial reporting severely limits potential donors' ability to gauge the organization’s efficiency and effectiveness.
Overall, the David Foster Foundation exhibits several strengths in its asset management, but the significant shortcomings in governance and financial disclosure overshadow these positives. Potential supporters should carefully consider these factors when deciding whether to contribute to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The David Foster Foundation legitimate?
The David Foster Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The David Foster 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: $206,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.davidfosterfoundation.com
What is the mission statement of The David Foster Foundation?
The David Foster Foundation's mission is centered around increasing public awareness and education about organ donation in the United States. They strive to encourage individuals to become registered organ donors. The organization also fosters partnerships with like-minded organizations and individuals who share this goal. Financially, the foundation provides assistance to families whose children require organ transplants, alleviating the financial burden they may face. Additionally, the foundation works diligently to raise public awareness about the importance of organ donation.
Official website here: www.davidfosterfoundation.com
Who is the CEO of The David Foster Foundation?
David Foster is the Ceo of The David Foster Foundation. The CEO's salary of The David Foster Foundation is $590,000 and their total compensation is $602,000.
Official website here: www.davidfosterfoundation.com
What is the revenue of The David Foster Foundation?
The David Foster Foundation's revenue in 2022 was $601,069.
Official website here: www.davidfosterfoundation.com
Who are the executives of The David Foster Foundation and what are their salaries?
The average compensation at The David Foster Foundation during 2022 was $206,500. There is 1 employee at The David Foster Foundation.
Here are 2 key members and their salaries (The David Foster Foundation's CEO's salary is $590,000 and their total compensation is $602,000):
- Compensation: $590,000
- Related: $0
- Other: $12,000
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.davidfosterfoundation.com
Where can I find the form 990 for The David Foster Foundation?
The David Foster Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.davidfosterfoundation.com
Learn more at the official website: www.davidfosterfoundation.com
Mission Statement of The David Foster Foundation
The David Foster Foundation, named after its renowned founder, is committed to a significant mission. It aims to increase public awareness and education about the importance of becoming a registered organ donor in the United States. The organization strives to develop partnerships with like-minded organizations and individuals who share this goal. By doing so, The David Foster Foundation seeks to provide financial assistance to families in need due to a child requiring an organ donation. This financial aid is a crucial component of the foundation's mission, as it alleviates some of the financial burden families often face during this challenging time. In addition to its financial support, The David Foster Foundation works tirelessly to raise awareness about organ donation, encouraging more individuals to consider becoming donors and potentially saving lives.
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Impact
July, 2024
The David Foster Foundation provides critical financial assistance to children in need of organ donation, supporting families facing significant challenges. Through its efforts, the foundation not only offers vital aid but also raises public awareness about the importance of organ donation. This impactful work helps save lives and improve the well-being of young patients and their families who are navigating the complexities of organ transplantation.
This information is meant to be a general summary of The David Foster 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: $34,206
- Gross Receipts: $601,069
Assets and Liabilities:
- Total Assets: $2,183,484
- Total Liabilities: $423,689
- Net Assets: $1,759,795
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Organization Details
Founding Year
2002
Phone
(310) 954-1050Principal Officer
David Foster
Main Address
1880 CENTURY PARK EAST 1600, LOS ANGELES, CA, 90067
NTEE Category
Code: E11 - Health
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