Overview
What is National Charitable Endowment Inc?
The National Charitable Endowment Inc, based in Darien, Connecticut, functions as an independent sponsor of donor-advised funds. With a mission to serve and support others, this nonprofit organization offers an easy and cost-effective solution for establishing charitable giving programs. By providing this service, the National Charitable Endowment facilitates grants to qualified charitable organizations throughout the United States, enhancing their capacity to make a positive impact.
Official website here: www.nationalcharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star Rating
National Charitable Endowment Inc has achieved a 91% score from Charity Navigator, earning a Four-Star rating, which signifies strong performance in accountability and finance. The charity's high score demonstrates robust management practices, with a complete score in multiple areas such as independent board members and the absence of asset diversion.
The organization showcases strong governance, with all board members being independent, which is crucial for ensuring unbiased decision-making. Additionally, the charity has a solid financial standing with a program expense ratio of 85.65%, indicating that a significant portion of its expenses directly supports its mission. Moreover, it boasts an impressive working capital ratio, suggesting long-term financial sustainability.
However, the charity's fundraising efficiency ratio raises some concerns, as it scored 0 out of 25 points in this category, indicating potential challenges in fundraising effectiveness. While the organization excels in many areas, this limitation could impact its ability to grow and expand its impact in the future.
This AI summary has been generated from information found on Charity Navigator.
Is National Charitable Endowment Inc legitimate?
National Charitable Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Charitable Endowment 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: $39,769
For more financial information, click here
Official website here: www.nationalcharitable.org
What is the mission statement of National Charitable Endowment Inc?
National Charitable Endowment Inc's mission revolves around serving and supporting others through its role as an independent sponsor of donor advised funds. By providing an effortless, flexible, and cost-effective solution for establishing giving programs, the organization eases the process for qualified charitable organizations to receive grants. The endowment aims to make a significant impact by supporting a diverse range of charitable initiatives throughout the United States.
Official website here: www.nationalcharitable.org
Who is the CEO of National Charitable Endowment Inc?
Dominic Napolitano is the President of National Charitable Endowment Inc.
Official website here: www.nationalcharitable.org
What is the revenue of National Charitable Endowment Inc?
National Charitable Endowment Inc's revenue in 2022 was $23,465,607.
Official website here: www.nationalcharitable.org
Who are the executives of National Charitable Endowment Inc and what are their salaries?
The average compensation at National Charitable Endowment Inc during 2022 was $39,769. There is 1 employee and 10 volunteers at National Charitable Endowment Inc.
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Official website here: www.nationalcharitable.org
Where can I find the form 990 for National Charitable Endowment Inc?
National Charitable Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalcharitable.org
Learn more at the official website: www.nationalcharitable.org
Mission Statement of National Charitable Endowment Inc
The National Charitable Endowment, a renowned organization, is dedicated to serving and supporting others through its role as an independent sponsor of donor-advised funds. By offering an effortless, flexible, and cost-effective solution, the Endowment empowers qualified charitable organizations across the United States to establish their own giving programs. The Endowment's mission is geared towards simplifying the charitable giving process for various organizations, enabling them to focus on making a difference in their communities.
The National Charitable Endowment plays a pivotal role in the philanthropic sector by providing grants to a multitude of charitable organizations. These grants serve as a crucial source of funding, enabling the recipient organizations to further their missions and make a significant impact on the lives of those they serve. The Endowment's commitment to supporting other organizations is unwavering, reaching across various sectors and communities throughout the United States.
Through its innovative approach, the National Charitable Endowment bridges the gap between donors and charities, fostering a more efficient and effective charitable giving process. The Endowment's role as an independent sponsor of donor-advised funds allows it to streamline the grantmaking process, ensuring that qualified organizations receive the financial resources they need to continue their vital work. This, in turn, leads to improved outcomes for the communities they serve and a more profound impact on the lives of individuals in need.
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Impact
October, 2024
National Charitable Endowment Inc plays a significant role in enhancing charitable giving across the United States by serving as an independent sponsor of donor advised funds. Through its streamlined and cost-effective approach, it enables individuals and organizations to establish giving programs that support a wide range of qualified charitable organizations. This initiative not only simplifies the process of philanthropic engagement but also amplifies the impact of donations by ensuring that funds are directed to meaningful causes. By facilitating grants to various charities, National Charitable Endowment contributes to a vibrant ecosystem of philanthropy that empowers communities and fosters social good. Its mission resonates with those looking to make a difference, ultimately creating a ripple effect of positive change across the country.
This information is meant to be a general summary of National Charitable Endowment 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: -$1,510,011
- Gross Receipts: $40,645,225
Assets and Liabilities:
- Total Assets: $113,533,587
- Total Liabilities: $49,342
- Net Assets: $113,484,245
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Organization Details
Founding Year
2017
Phone
(203) 303-7722Principal Officer
Dominic Napolitano
Main Address
23 OLD KINGS HIGHWAY SOUTH 201, DARIEN, CT, 06820
Website
www.nationalcharitable.orgNTEE Category
Code: T30 - Philanthropy
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