Saiganesh Siggy Sainath Memorial Foundation

Charity Navigator Rating: Zero-Star out of Four Stars

The Saiganesh Siggy Sainath Memorial Foundation has received a very low score of 10%, resulting in a Zero-Star rating. This rating is indicative of significant weaknesses in accountability and financial management, primarily due to the absence of independent board members and crucial governance policies. The foundation scored particularly poorly in areas such as the lack of a conflict of interest policy, whistleblower policy, and missing documentation for board meeting minutes.

Despite a perfect score for the material diversion of assets, which was rated 10 out of 10, the foundation's overall financial health appears concerning. There are zero independent members on the board, and essential financial ratios, including liabilities to assets and program expenses, received zero points, suggesting a lack of effective resource allocation and transparency.

Overall, the foundation faces considerable challenges in governance and financial reporting, which could hinder its operational effectiveness and public trust. Prospective donors and supporters should approach with caution, given the current evaluation of its management and accountability practices.

This AI summary has been generated from information found on Charity Navigator.

Saiganesh Siggy Sainath Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saiganesh Siggy Sainath Memorial Foundation submitted a form 990EZ, 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.