Overview
What is Robert And Louise Bossardt Trust Co Christopher Corsones Esq?
Robert And Louise Bossardt Trust Co, overseen by Christopher Corsones Esq., is a charitable trust established by Robert and Louise Bossardt in 1987. The primary purpose of this trust is to offer financial assistance to several nonprofit organizations, primarily based in Vermont. These organizations focus on areas such as arts, medicine, and animal care, reflecting the trust's commitment to supporting various sectors within the community. The trust operates by generating annual earnings from its investments and distributing these funds to its beneficiary organizations. The trust was fully funded in 2016 following Louise Bossardt's passing, demonstrating the substantial support it provides to these charitable entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 10%
The Robert And Louise Bossardt Trust Co Christopher Corsones Esq has received a very low score of 10%, resulting in a Zero-Star out of Four Star rating. This rating indicates significant deficiencies in accountability and financial transparency, which are critical for donor trust and organizational integrity. The lack of independent board members and missing governance policies raises concerns about oversight and the management of resources.
The organization has reported no material diversion of assets, which is a positive sign regarding the safeguarding of its resources. However, the absence of essential governance documents, such as the conflict of interest policy, whistleblower policy, and documentation of board meeting minutes, indicates serious gaps in compliance and operational transparency. Furthermore, the organization's website lacks basic reporting, including the tax form, which is crucial for accountability.
Overall, while the organization appears to maintain its assets without diversion, the lack of independent oversight and missing governance frameworks significantly undermines its credibility. Potential donors and stakeholders may want to exercise caution and seek additional information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Robert And Louise Bossardt Trust Co Christopher Corsones Esq legitimate?
Robert And Louise Bossardt Trust Co Christopher Corsones Esq is a legitimate nonprofit organization registered as a 501(c)(3) entity. Robert And Louise Bossardt Trust Co Christopher Corsones Esq 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: $19,338
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Robert And Louise Bossardt Trust Co Christopher Corsones Esq?
The Robert and Louise Bossardt Trust, overseen by Christopher Corsones Esq., serves as a financial backing for a variety of charitable entities situated in Vermont. These beneficiaries focus on areas such as arts, medicine, and animal care. The trust was established in 1987 by Robert and Louise Bossardt, and upon Louise's passing in 2016, it was fully funded. Its primary objective is to provide financial aid to these organizations by distributing annual earnings generated from the trust's investments. The trust itself does not offer any program services, but its sole purpose is to support the charitable endeavors of these 501(c)(3) organizations.
Who is the CEO of Robert And Louise Bossardt Trust Co Christopher Corsones Esq?
Christopher Corsones is the Trustee of Robert And Louise Bossardt Trust Co Christopher Corsones Esq.
What is the revenue of Robert And Louise Bossardt Trust Co Christopher Corsones Esq?
Robert And Louise Bossardt Trust Co Christopher Corsones Esq's revenue in 2022 was $91,795.
Who are the executives of Robert And Louise Bossardt Trust Co Christopher Corsones Esq and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $19,338
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Robert And Louise Bossardt Trust Co Christopher Corsones Esq?
Robert And Louise Bossardt Trust Co Christopher Corsones Esq's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Robert And Louise Bossardt Trust Co Christopher Corsones Esq
The Robert and Louise Bossardt Trust, overseen by Christopher Corsones Esq., is a philanthropic organization with a mission to support various charitable entities in Vermont. Established in 1987 by Robert and Louise Bossardt, the trust was fully funded in 2016 upon Louise's passing. The primary objective of this trust is to provide financial aid to a diverse range of 501(c)(3) organizations, all of which have been identified and listed in a schedule A. The annual earnings generated from the trust's investments serve as the source of funding for these beneficiary organizations, which primarily focus on areas such as the arts, medicine, and animal care. In essence, the Robert and Louise Bossardt Trust serves as a financial backbone for these charitable entities, enabling them to carry out their respective missions and contribute positively to their respective fields.
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Impact
October, 2024
The Robert and Louise Bossardt Trust Co, under the stewardship of Christopher Corsones, plays a significant role in supporting charitable initiatives throughout Vermont. Established in 1987 and fully funded in 2016, the trust directly contributes to the sustainability and growth of various 501(c)(3) organizations focused on the arts, healthcare, and animal care. By allocating its annual earnings generated from investments, the trust ensures that these vital organizations receive consistent financial backing.
This support not only helps maintain the operational capabilities of these nonprofits but also fosters cultural enrichment, medical advancements, and animal welfare within the community. The trust acts as a reliable source of funding that allows these organizations to focus on their mission and extend their outreach, ultimately benefiting the wider Vermont community.
This information is meant to be a general summary of Robert And Louise Bossardt Trust Co Christopher Corsones Esq. 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: $64,425
- Gross Receipts: $220,613
Assets and Liabilities:
- Total Assets: $1,758,155
- Total Liabilities: $0
- Net Assets: $1,758,155
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Organization Details
Founding Year
2016
Phone
(802) 775-0125Principal Officer
Christopher Corsones
Main Address
1 Nickwackett Street, Rutland, VT, 05701
NTEE Category
Code: T22 - Philanthropy
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