Overview
What is Knights Of Columbus Charitable Fund Inc?
The Knights of Columbus Charitable Fund Inc is a nonprofit organization based in New Haven, Connecticut, with the address 1 Columbus Plaza 19 FL, ZIP code 06510. The primary mission of this charitable fund is to inspire and empower individuals and organizations to amplify their philanthropic efforts. They act as a sponsoring organization, managing and administering donor-advised funds and other charitable giving vehicles to facilitate and promote philanthropic activities.
Official website here: www.knightscharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Knights Of Columbus Charitable Fund Inc has achieved a strong Four-Star rating from Charity Navigator, indicating high accountability and financial health. The organization scored 92% overall, with its score reflecting a commitment to transparency and responsible financial management. The presence of a fully independent board and effective oversight mechanisms demonstrates the charity's dedication to maintaining ethical standards.
Strengths include a commendable program expense ratio of 97.68%, which reflects that the majority of its resources are directed toward its charitable programs rather than administrative costs. Additionally, the organization has a very low liabilities to assets ratio of 0.46%, suggesting a stable financial position. The charity also adheres to best practices with documented policies on conflicts of interest, whistleblower protections, and comprehensive audit processes.
While the fundraising efficiency ratio appears low at $0.002, this does not diminish the organization's overall effectiveness in delivering its mission. This may indicate a reliance on contributions over extensive fundraising campaigns, which can be seen as a positive aspect by some stakeholders. Overall, the Knights Of Columbus Charitable Fund Inc stands out for its accountability and effectiveness in utilizing donations for charitable purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Knights Of Columbus Charitable Fund Inc legitimate?
Knights Of Columbus Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knights Of Columbus Charitable Fund Inc 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:
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Official website here: www.knightscharitable.org
What is the mission statement of Knights Of Columbus Charitable Fund Inc?
The Knights of Columbus Charitable Fund functions as a sponsoring organization to facilitate philanthropic activities of individuals and organizations. It achieves this through the establishment and administration of various charitable giving vehicles, specifically donor-advised funds. By doing so, the Charitable Fund inspires donors and empowers them to maximize their charitable impact. The organization's mission is to promote philanthropy and make a difference in communities by supporting and managing charitable initiatives. The Charitable Fund's activities are geared towards creating positive change and creating opportunities for giving that align with the values of its donors.
Official website here: www.knightscharitable.org
What is the revenue of Knights Of Columbus Charitable Fund Inc?
Knights Of Columbus Charitable Fund Inc's revenue in 2023 was $66,318,387.
Official website here: www.knightscharitable.org
Who are the executives of Knights Of Columbus Charitable Fund Inc and what are their salaries?
There 13 volunteers at Knights Of Columbus Charitable Fund Inc.
Here are 15 key members and their salaries:
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Official website here: www.knightscharitable.org
Where can I find the form 990 for Knights Of Columbus Charitable Fund Inc?
Knights Of Columbus Charitable Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.knightscharitable.org
Learn more at the official website: www.knightscharitable.org
Mission Statement of Knights Of Columbus Charitable Fund Inc
The Knights of Columbus Charitable Fund Inc is a charitable organization that plays a pivotal role in fostering and supporting the philanthropic endeavors of Catholic individuals and organizations. By serving as a sponsoring body, it establishes and administers various charitable giving vehicles, such as donor-advised funds, to amplify the impact of donors' charitable contributions. The Knights of Columbus Charitable Fund's mission is geared towards inspiring generosity and empowering entities to make a difference in their communities and beyond.
Through its work, the Knights of Columbus Charitable Fund acts as a catalyst for change, enabling donors to pool their resources and collaborate on initiatives that align with their values and goals. The organization's commitment to fostering philanthropy extends to offering tailored charitable giving solutions, providing guidance and expertise to help donors maximize their charitable impact. By facilitating the setup and management of various charitable funds, the Knights of Columbus Charitable Fund stands as a steadfast partner in the pursuit of positive change. The organization's unwavering dedication to this cause continues to inspire and empower individuals and organizations in their quest to make a meaningful difference.
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Impact
October, 2024
Knights Of Columbus Charitable Fund Inc enhances the philanthropic efforts of Catholic individuals and organizations by serving as a pivotal sponsoring organization. By establishing and managing donor-advised funds and various charitable giving vehicles, it empowers donors to make impactful contributions that align with their values and priorities. The organization not only inspires generosity but also maximizes the potential benefits for communities in need, fostering a culture of giving and support within the Catholic community. Through its initiatives, the fund facilitates meaningful charitable activities, addressing various social issues and uplifting those less fortunate. Its commitment to philanthropy strengthens the bonds within the community while ensuring that charitable endeavors are strategic and impactful.
This information is meant to be a general summary of Knights Of Columbus Charitable Fund Inc. 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 2023.
- Investment Income: $1,753,374
- Program Service Revenue: $18,957
- Gross Receipts: $84,819,566
Assets and Liabilities:
- Total Assets: $78,665,198
- Total Liabilities: $362,418
- Net Assets: $78,302,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$18,957
Organization Details
Founding Year
2017
Phone
(866) 320-9275Principal Officer
Dennis Gerber
Main Address
1 COLUMBUS PLAZA 19 FL, NEW HAVEN, CT, 06510
Website
www.knightscharitable.orgNTEE Category
Code: T30 - Philanthropy
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