Overview
What is Amg Charitable Gift Foundation?
The Amg Charitable Gift Foundation is a nonprofit organization headquartered at 6295 Greenwood Plaza Blvd, Greenwood Village, Colorado, 80111. Established for charitable purposes under Section 501(c)(3), its primary mission is to collect donations and distribute them to qualified 501(c)(3) organizations. The foundation's activities are exclusively geared towards receiving charitable contributions and making charitable distributions. No further information is available regarding the specific causes or organizations the foundation supports.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 72% (Two-Star out of Four Star rating)
The Amg Charitable Gift Foundation has received a Two-Star rating from Charity Navigator, primarily indicating areas where the organization falls short in accountability and financial transparency. With a score of 72%, the foundation has notable strengths, such as a strong program expense ratio of 100% and a healthy working capital ratio of 8.83 years, which suggests effective management of resources for its charitable activities.
However, significant weaknesses are evident in its governance and financial practices. The organization has no independent board members, lacks key policies such as conflict of interest and whistleblower protections, and fails to provide a website listed on its tax forms. Additionally, the absence of a posted tax form on its website further raises concerns regarding transparency and accessibility of information for stakeholders.
While the foundation demonstrates financial stability and effective program spending, the lack of independent oversight and transparency measures are critical areas needing improvement. These deficiencies could potentially undermine donor confidence and the foundation's overall credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Amg Charitable Gift Foundation legitimate?
Amg Charitable Gift Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amg Charitable Gift Foundation 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 Amg Charitable Gift Foundation?
The Amg Charitable Gift Foundation is established as a charitable organization, as defined by section 501(C)(3) of the Internal Revenue Code. Its primary objective is to collect donations and distribute charitable funds to eligible 501(C)(3) organizations. The foundation operates solely for this charitable purpose, with all contributions being channeled towards making a difference in the lives of others through charitable distributions. The foundation's mission finds expression in its commitment to supporting deserving organizations that share its philanthropic goals. One such recipient is the Kettering Cancer Center, for which the foundation has granted educational funds with the EIN number 13-1924236.
Who is the CEO of Amg Charitable Gift Foundation?
Earl L Wright is the President of Amg Charitable Gift Foundation.
What is the revenue of Amg Charitable Gift Foundation?
Amg Charitable Gift Foundation's revenue in 2022 was $19,197,719.
Who are the executives of Amg Charitable Gift Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $308,154
- Other: $28,737
- Compensation: $0
- Related: $359,127
- Other: $36,942
Where can I find the form 990 for Amg Charitable Gift Foundation?
Amg Charitable Gift Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Amg Charitable Gift Foundation
Amg Charitable Gift Foundation, a charitable organization as defined by section 501(C)(3), is dedicated to collecting and dispersing charitable donations to eligible 501(C)(3) organizations. The foundation operates solely for this charitable purpose, receiving contributions and making distributions to deserving recipients. One notable grantee is the Kettering Cancer Center, identified by its Education EIN number 13-1924236. Amg Charitable Gift Foundation's mission is to facilitate the giving process, ensuring that donations reach organizations that can create a meaningful impact in their communities. By supporting these organizations, Amg Charitable Gift Foundation contributes to various initiatives, including healthcare and education, ultimately making a difference in the lives of countless individuals. The foundation's role as a conduit for charitable giving allows it to play a vital part in enriching the social fabric of society.
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Impact
October, 2024
Amg Charitable Gift Foundation plays a crucial role in supporting charitable initiatives, particularly in the realm of education and healthcare. By focusing on making contributions to qualified 501(c)(3) organizations, it has significantly impacted institutions like the Kettering Cancer Center. The foundation’s efforts cultivate philanthropy, enabling the advancement of vital programs and resources that enhance public understanding and treatment of cancer. Through its charitable distributions, the foundation addresses key community needs and empowers other organizations to fulfill their missions, ultimately fostering a healthier society. Its operations are grounded in the principles of philanthropy, making a lasting difference in the lives of many.
This information is meant to be a general summary of Amg Charitable Gift Foundation. 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: $4,286,626
- Gross Receipts: $50,098,265
Assets and Liabilities:
- Total Assets: $118,665,010
- Total Liabilities: $295,000
- Net Assets: $118,370,010
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Organization Details
Founding Year
1995
Phone
(303) 694-2190Principal Officer
Earl L Wright
Main Address
6295 GREENWOOD PLAZA BLVD, GREENWOOD VILLAGE, CO, 801114908
NTEE Category
Code: T300 - Philanthropy
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