Overview
What is Vertuassets Foundation Inc?
Vertuassets Foundation Inc is a nonprofit organization based in Alpharetta, Georgia. Their primary mission is to facilitate charitable donations of assets from individuals and businesses. By enabling the donation of appreciated assets, they aim to increase the financial resources given to nonprofit organizations. Vertuassets Foundation reaches out to those who wish to make a charitable contribution from their wealth, thereby amplifying the impact on causes that benefit those in need.
Official website here: www.vertuassets.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Vertuassets Foundation Inc has earned a three-star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization showcases a strong commitment to responsible governance, evidenced by having a majority of independent board members and maintaining robust policies such as conflict of interest and whistleblower protections. Additionally, it has a commendable program expense ratio of 98.78%, reflecting a focus on its mission-driven activities.
However, there are some areas for improvement. The foundation received no points for its independent board size, suggesting a potential lack of diverse perspectives in governance. Furthermore, the absence of financial statements significantly impacted its transparency rating, which could raise concerns among potential donors about the foundation's financial practices.
Overall, while Vertuassets Foundation Inc displays several strengths in its operational governance and commitment to its mission, addressing the limitations related to board diversity and financial transparency could enhance its accountability and donor confidence in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Vertuassets Foundation Inc legitimate?
Vertuassets Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vertuassets Foundation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vertuassets.org
What is the mission statement of Vertuassets Foundation Inc?
Vertuassets Foundation Inc aims to facilitate the donation of assets to fund causes that benefit those in need. By reaching out to individuals and businesses who wish to charitably give from their wealth, Vertuassets enables the transfer of appreciated assets to non-profit organizations. This approach results in increased financial resources being made available to support various charitable initiatives. The organization plays a crucial role in connecting generosity with impact, thereby amplifying the positive impact on communities.
Official website here: www.vertuassets.org
Who is the CEO of Vertuassets Foundation Inc?
Pamela Pugh is the President/Director of Vertuassets Foundation Inc.
Official website here: www.vertuassets.org
What is the revenue of Vertuassets Foundation Inc?
Vertuassets Foundation Inc's revenue in 2022 was $37,486,655.
Official website here: www.vertuassets.org
Who are the executives of Vertuassets Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.vertuassets.org
Where can I find the form 990 for Vertuassets Foundation Inc?
Vertuassets Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vertuassets.org
Learn more at the official website: www.vertuassets.org
Mission Statement of Vertuassets Foundation Inc
Vertuassets Foundation Inc, a mission-driven organization, focuses on facilitating the donation of assets to fund causes that benefit those in need. By reaching out to individuals and businesses with a charitable inclination from their wealth, Vertuassets enables more financial resources to be channeled towards non-profit organizations. In simpler terms, this foundation serves as a bridge, connecting those who wish to make a difference through asset donations with the organizations that require such resources to make a meaningful impact.
Vertuassets Foundation Inc's primary objective is to enable the donation of appreciated assets to fund causes that benefit individuals in need. The organization identifies and approaches individuals and businesses with a philanthropic mindset, encouraging them to donate their assets rather than selling them and donating the proceeds. This approach allows donors to maximize their tax benefits while making a significant contribution to the non-profit sector.
Moreover, Vertuassets Foundation Inc's efforts are geared towards broadening the pool of financial resources available to non-profit organizations. By enabling asset donations, the foundation helps these organizations to increase their financial capacity, enabling them to expand their reach and deliver more comprehensive services to their beneficiaries. In essence, Vertuassets Foundation Inc acts as a catalyst, empowering donors and non-profits alike to work together to create a positive impact on the lives of those in need.
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Impact
October, 2024
Vertuassets Foundation Inc has a significant impact by facilitating the donation of appreciated assets, allowing individuals and businesses to contribute more effectively to charitable causes. This approach empowers donors to maximize their philanthropic efforts by converting wealth into meaningful support for those in need. By bridging the gap between potential donors and nonprofit organizations, Vertuassets ensures that more financial resources are directed toward programs that benefit various communities. Their mission not only fosters a culture of giving but also enhances the capabilities of nonprofits to address urgent societal challenges. Based in Alpharetta, GA, Vertuassets plays a vital role in the philanthropic landscape, promoting greater generosity and encouraging a deeper engagement in charitable activities.
This information is meant to be a general summary of Vertuassets Foundation 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 2022.
- Investment Income: $1,652,364
- Gross Receipts: $75,207,270
Assets and Liabilities:
- Total Assets: $22,054,666
- Total Liabilities: $100,020
- Net Assets: $21,954,646
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Organization Details
Founding Year
2017
Phone
(678) 753-6040Principal Officer
Pamela Pugh
Main Address
PO BOX 448, ALPHARETTA, GA, 300090448
Website
www.vertuassets.orgNTEE Category
Code: T30 - Philanthropy
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