Overview
What is Venn Foundation?
Venn Foundation is a nonprofit public charity based in Saint Paul, Minnesota, with a mission to amplify the impact of program-related investments (PRIs) for charitable purposes. By establishing Venn Accounts, individuals or organizations can recommend their donations be used for PRIs, which Venn can pool together and invest in various projects. The returns from these investments are then proportionally returned to the contributing accounts, enabling further deployment into new PRIs or grants. The organization aims to create a new category of flexible, below-market-rate capital that can be directed creatively to initiatives across various sectors, helping advance charitable goals. With a small team of three employees, Venn Foundation is dedicated to unlocking the full potential of PRIs to drive meaningful change.
Official website here: www.vennfoundation.org
Is Venn Foundation legitimate?
Venn Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venn 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.
Here are some key statistics you may want to consider:
Executive Compensation: $85,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $80,000
For more financial information, click here
What is the mission statement of Venn Foundation?
The Venn Foundation's mission is centered around maximizing the impact of program-related investments. They aim to harness the full potential of these investments to further charitable objectives. By establishing a special donor-advised fund known as a Venn Account, individuals or organizations can suggest that their charitable funds be utilized for program-related investments (PRIs). The Venn Foundation can pool any single PRI among various Venn Accounts. Any financial returns generated from these PRIs are distributed proportionately among the contributing accounts, allowing donors to reinvest or allocate the funds towards new PRIs or grants. The ultimate vision of the Venn Foundation is to create a new category of flexible, below-market-rate capital that can be strategically directed to projects and organizations across various sectors, all working towards advancing charitable goals.
Official website here: www.vennfoundation.org
Who is the CEO of Venn Foundation?
Jeff Ochs is the President And Director of Venn Foundation.
Official website here: www.vennfoundation.org
What is the revenue of Venn Foundation?
Who are the executives of Venn Foundation and what are their salaries?
The average compensation at Venn Foundation during 2022 was $55,083. There are 3 employees and 13 volunteers at Venn Foundation.
Here are 8 key members and their salaries:
- Jeff Ochs (President And Director)
- Robert Scarlett (Board Chair) [Trustee/Director]
- Ramya Rauf (Board Treasurer) [Trustee/Director]
- Jaclyn Schroeder (Director)
- Michael Dai (Director)
- Susan Sands (Director)
- Jeanne Voigt (Director)
- Millie Acamovic (Director)
Official website here: www.vennfoundation.org
Where can I find the form 990 for Venn Foundation?
The Venn Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vennfoundation.org
Learn more at the official website: www.vennfoundation.org
Mission Statement of Venn Foundation
The Venn Foundation, a nonprofit public charity, is dedicated to maximizing the impact of program-related investments (PRIs) for charitable purposes. By establishing a unique donor-advised fund known as a Venn Account, individuals or organizations can recommend their charitable dollars be utilized by the foundation for PRIs. The Venn Foundation has the ability to pool any one PRIs among various Venn Accounts, ensuring financial returns are proportionately distributed back to the contributing accounts. Donors can then choose to reinvest these returns into new PRIs or grants, thereby creating a new category of flexible, below-market-rate capital. This capital can be directed creatively to projects and organizations across various sectors that are working towards advancing charitable objectives.
Impact
This information is meant to be a general summary of Venn Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Venn Foundation unleashes the full power of program-related investments to achieve charitable impact. Through their unique Venn Accounts, individuals and organizations can recommend their charitable dollars to be used for PRIs. By syndicating PRIs among multiple Venn Accounts, they ensure that financial returns can be redeployed into new PRIs or grants. This innovative approach creates a new category of flexible, below-market-rate capital that can creatively support projects and organizations across all sectors working towards charitable goals.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRI ACCRUED INTEREST
Revenue
$293,616
PRI CLOSING FEES
Revenue
$136,224
OTHER PROGRAM REVENUE
Revenue
$450
Organization Details
Founding Year
2016
Phone
(612) 568-3204
Principal Officer
Jeff Ochs
Main Address
1900 BOHLAND AVENUE, SAINT PAUL, MN, 55116
Website
www.vennfoundation.org
NTEE Category
Code: T50 - Philanthropy
If you are a representative of Venn 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.