Overview
What is Claremont Investment Fund?
The Claremont Investment Fund is a nonprofit organization based in Claremont, California, specifically at 500 East 9th Street. Its primary mission is to manage and hold the endowment assets for Claremont McKenna College and approved members of the Claremont Colleges, as determined by the College's Board of Trustees. The objective of the Fund is to maintain and enhance its purchasing power while providing a consistent and stable income stream, adjusting for inflation, to meet the College's and participating members' spending requirements. As an affiliate of Claremont McKenna College, the Claremont Investment Fund contributes to the financial wellbeing of these educational institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Claremont Investment Fund has received a low rating of 54% from Charity Navigator, primarily due to its weak performance in financial metrics. While the organization boasts a fully independent board and strong governance policies, such as a conflict of interest policy and a whistleblower policy, these strengths are overshadowed by significant issues in its financial management. The lack of transparency is highlighted by the missing tax form on the nonprofit's website, which is a critical component for accountability.
The organization has a commendable structure with 100% independent board members and effective oversight committees. However, its financial health is concerning, as evidenced by a program expense ratio of 0.00%, indicating that it may not be effectively utilizing its resources for its intended charitable activities. The liabilities to assets ratio of 23.07% raises additional flags regarding its fiscal stability.
In summary, while Claremont Investment Fund has established a solid governance framework, its financial performance and lack of operational transparency significantly impede its overall rating. Potential donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Claremont Investment Fund legitimate?
Claremont Investment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Claremont Investment Fund 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
What is the mission statement of Claremont Investment Fund?
The Claremont Investment Fund was established to manage and preserve the endowment assets of Claremont McKenna College and approved members of the Claremont Colleges. Its primary objective is to maintain and enhance the purchasing power of these assets in real terms, ensuring a consistent and stable earnings stream to meet the spending requirements of the college and participating members. The Fund operates as an affiliate of Claremont McKenna College.
Who is the CEO of Claremont Investment Fund?
Erin Watkins is the President And Ceo of Claremont Investment Fund. The CEO's salary of Claremont Investment Fund is $0 and their total compensation is $757,090.
What is the revenue of Claremont Investment Fund?
Claremont Investment Fund's revenue in 2022 was $132,286,956.
Who are the executives of Claremont Investment Fund and what are their salaries?
There 7 volunteers at Claremont Investment Fund.
Here are 12 key members and their salaries (Claremont Investment Fund's CEO's salary is $0 and their total compensation is $757,090):
- Compensation: $0
- Related: $678,478
- Other: $78,612
- Compensation: $0
- Related: $375,630
- Other: $94,390
- Compensation: $0
- Related: $320,623
- Other: $56,276
- Compensation: $0
- Related: $305,000
- Other: $48,193
- Compensation: $0
- Related: $225,000
- Other: $44,383
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Claremont Investment Fund?
Claremont Investment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Claremont Investment Fund
The Claremont Investment Fund is a vital organization that manages and holds the endowment assets of Claremont McKenna College and selected members of the Claremont Colleges. Its primary objective is to preserve and enhance the real purchasing power of these assets, while providing a stable and consistent stream of earnings in real terms. This income is essential for meeting the spending needs of the college and its participating members. The Claremont Investment Fund operates as an affiliate of Claremont McKenna College.
In essence, the Claremont Investment Fund serves as a financial steward, responsible for managing the investments of its partner institutions. Its mission is twofold: to protect the value of the endowment in the face of inflation and to generate a reliable income. By achieving these goals, the Fund enables the colleges it serves to focus on their academic pursuits and educational missions, secure in the knowledge that their financial needs will be met. The Claremont Investment Fund's dedication to maintaining the real value of the endowment ensures that the colleges and their members can continue to benefit from the long-term financial security it provides.
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Impact
October, 2024
Claremont Investment Fund significantly impacts the financial stability of Claremont McKenna College and participating members of the Claremont Colleges by effectively managing their endowment assets. Its primary objective is to preserve and enhance the real purchasing power of these assets, ensuring that the institutions can depend on a stable and predictable stream of earnings. This financial support is crucial for meeting the spending needs of the colleges, which, in turn, fosters educational excellence and sustainability within the Claremont College community. By prioritizing strategic investment management, the Fund reinforces the ability of these colleges to provide quality education and resources to their students, thus contributing positively to the higher education landscape.
This information is meant to be a general summary of Claremont Investment Fund. 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: $132,286,956
- Gross Receipts: $404,270,187
Assets and Liabilities:
- Total Assets: $1,763,508,924
- Total Liabilities: $435,615,634
- Net Assets: $1,327,893,290
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Organization Details
Founding Year
2017
Phone
(909) 621-8230Principal Officer
Erin Watkins
Main Address
500 EAST 9TH STREET, CLAREMONT, CA, 91711
NTEE Category
Code: B19 - Education
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