Overview
What is Weizmann Chairs And Scholarships Endowment Inc?
Weizmann Chairs and Scholarships Endowment Inc is a charitable organization primarily dedicated to supporting the Weizmann Institute of Science in New York, NY. The nonprofit focuses on funding various charitable, educational, scientific, and literary activities at the Institute, with a particular emphasis on professional chairs. By making grants to the Institute, this organization contributes significantly to its mission and operations. The Weizmann Institute of Science is the beneficiary of these efforts, as outlined in Schedule O.
Official website here: www.weizmann-usa.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Weizmann Chairs And Scholarships Endowment Inc has received an impressive Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's score is solely based on their Accountability & Finance metrics, which showcase a high level of financial health and governance practices. With a 96% score in this category, it reflects the organization’s commitment to transparency and responsible financial management.
The organization benefits from an independent board, with 77% of its members being independent. It has robust mechanisms in place, such as a well-structured audit committee, and has no reported material diversion of assets. These factors contribute to the charity's reliability and demonstrate a solid framework for oversight and ethical conduct.
One significant highlight is the program expense ratio of 99.14%, indicating that nearly all of its expenses are directed toward its charitable programs. While the data reflects a strong financial standing, potential donors may want to consider the overall impact and effectiveness of the programs funded by the endowment.
This AI summary has been generated from information found on Charity Navigator.
Is Weizmann Chairs And Scholarships Endowment Inc legitimate?
Weizmann Chairs And Scholarships Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weizmann Chairs And Scholarships 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: $60,393
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.weizmann-usa.org/
What is the mission statement of Weizmann Chairs And Scholarships Endowment Inc?
The Weizmann Chairs and Scholarships Endowment Inc exists to support the charitable, educational, scientific, and literary pursuits of the Weizmann Institute of Science. The organization grants funds to the Institute, primarily to establish professional chairs, in furtherance of these activities. The Weizmann Institute of Science receives this backing, enabling it to continue its important work.
Official website here: www.weizmann-usa.org/
Who is the CEO of Weizmann Chairs And Scholarships Endowment Inc?
Amy M Wagner is the Chair & Director of Weizmann Chairs And Scholarships Endowment Inc.
Official website here: www.weizmann-usa.org/
What is the revenue of Weizmann Chairs And Scholarships Endowment Inc?
Weizmann Chairs And Scholarships Endowment Inc's revenue in 2022 was $51,139,977.
Official website here: www.weizmann-usa.org/
Who are the executives of Weizmann Chairs And Scholarships Endowment Inc and what are their salaries?
There 8 volunteers at Weizmann Chairs And Scholarships Endowment Inc.
Here are 10 key members and their salaries:
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Official website here: www.weizmann-usa.org/
Where can I find the form 990 for Weizmann Chairs And Scholarships Endowment Inc?
Weizmann Chairs And Scholarships Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.weizmann-usa.org/
Learn more at the official website: www.weizmann-usa.org/
Mission Statement of Weizmann Chairs And Scholarships Endowment Inc
Weizmann Chairs and Scholarships Endowment Inc is a philanthropic organization that plays a vital role in supporting the charitable, educational, scientific, and literary activities of the Weizmann Institute of Science. Established exclusively for this purpose, the Endowment makes grants to the Institute to fund various initiatives, with a focus on establishing professional chairs. The organization's mission is to contribute to the Institute's ongoing efforts in the realms of science, education, and research.
The Weizmann Chairs and Scholarships Endowment Inc's primary goal is to bolster the Weizmann Institute of Science's capacity to foster groundbreaking discoveries and advancements in various fields. By funding professional chairs, the organization enables the Institute to attract and retain world-class researchers, scientists, and scholars, ultimately accelerating its progress and global impact. The Endowment's support is essential in helping the Institute maintain its high standard of excellence and continue pushing the boundaries of scientific knowledge.
The Weizmann Chairs and Scholarships Endowment Inc's grants are instrumental in providing the necessary resources for the Institute to carry out its charitable, educational, scientific, and literary activities. These activities encompass a broad spectrum of research areas, from biology and chemistry to physics and mathematics, ensuring that the Institute remains at the forefront of scientific discovery and innovation. As a result, the Endowment's mission is crucial in driving the Institute's mission to unravel the mysteries of the universe and improve the quality of life for people around the world.
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Impact
October, 2024
Weizmann Chairs and Scholarships Endowment Inc significantly enhances the capabilities and initiatives of the Weizmann Institute of Science, a leading institution dedicated to scientific research and education. By providing essential funding for professional chairs, the organization helps ensure that the Institute can attract and retain top-tier faculty who drive innovation and academic excellence.
The endowment supports a wide range of activities that bolster the Institute's educational and scientific missions. This financial backing enables groundbreaking research, promotes scholarly excellence, and facilitates programs that disseminate knowledge to a broader audience. Through grants, the organization plays a critical role in sustaining the Institute's commitment to advancing science and education, which benefits not only the academic community but also society as a whole.
In essence, Weizmann Chairs and Scholarships Endowment Inc directly contributes to the advancement of scientific inquiry and education by empowering the Weizmann Institute of Science, thereby fostering a culture of discovery and innovation that can lead to significant societal advancements.
This information is meant to be a general summary of Weizmann Chairs And Scholarships 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: $51,139,977
- Gross Receipts: $51,139,977
Assets and Liabilities:
- Total Assets: $838,525,749
- Total Liabilities: $6,681,010
- Net Assets: $831,844,739
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Organization Details
Founding Year
2017
Phone
(212) 867-3083Principal Officer
Amy M Wagner
Main Address
405 LEXINGTON AVENUE 41D, NEW YORK, NY, 101740002
Website
www.weizmann-usa.org/NTEE Category
Code: B11 - Education
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