Overview
What is The Motley Fool Foundation?
The Motley Fool Foundation is a nonprofit organization headquartered in Alexandria, Virginia, with a mission to promote financial freedom for all. By identifying and funding innovative solutions, the Foundation empowers individuals to progress from mere financial strivers to thriving financially. The organization focuses on addressing five key drivers to achieve financial freedom: education, health, money, work, and housing. The Foundation's goal is to dismantle barriers between these drivers and find and support exceptional individuals, or "Rule Breakers," who are making a difference in their communities. In 2022, the Foundation invested in various Rule Breakers across the country, focusing on addressing the needs of the unbanked and underbanked, fostering black rural entrepreneurs, and preserving affordable housing. The Foundation plans to expand its cohort of Rule Breakers across all five drivers and connect them with one another and the organization's communities. Additionally, the Foundation is developing infrastructure to bring together a group of Rule Breakers and community leaders in one location to develop solutions for equitable financial freedom pathways for an entire population. The Foundation has a workforce of ten employees.
Official website here: www.foolfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Motley Fool Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 69%. This rating highlights significant strengths in areas such as leadership, adaptability, and community engagement, which are reflected in their perfect scores in these categories. The foundation boasts a fully independent board and has robust policies in place regarding conflict of interest and whistleblower protections, indicating a strong commitment to governance and accountability.
However, the foundation faces challenges in financial management, evident from a low score in the Accountability & Finance category, particularly with a program expense ratio of just 30.88%. This suggests that a relatively small portion of their expenditures are directed towards program services, which may raise concerns about the overall impact of their initiatives. Additionally, the liabilities to assets ratio is notably high, which could imply potential financial risks.
Overall, while The Motley Fool Foundation demonstrates strong leadership and community engagement, there are financial performance challenges that need to be addressed to improve its rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Motley Fool Foundation legitimate?
The Motley Fool Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Motley Fool 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: $415,805
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,740
For more financial information, click here
Official website here: www.foolfoundation.org
What is the mission statement of The Motley Fool Foundation?
The Motley Fool Foundation aims to promote financial freedom for all by identifying, funding, and amplifying innovative solutions that enable individuals to transition from strivers to thrivers. The organization's mission is to create pathways to financial freedom, focusing on five key drivers: education, health, money, work, and housing. These drivers, collectively referred to as "The System," enable Americans to advance financially. The Foundation is dedicated to breaking down silos between these drivers and addressing the barriers that prevent people from achieving financial freedom. In 2022, the Foundation invested in various rule breakers, including those working with the unbanked and underbanked, developing black rural entrepreneurs, and acquiring and preserving affordable housing. The Foundation's goal is to expand its cohort across all five drivers and connect them with each other and its communities. Additionally, the Foundation has developed infrastructure to bring together a set of rule breakers and community leaders in one location to create solutions across all drivers and provide equitable pathways to financial freedom for an entire population.
Official website here: www.foolfoundation.org
Who is the CEO of The Motley Fool Foundation?
Jennifer Gennaro Oxley is the Chair of The Motley Fool Foundation.
Official website here: www.foolfoundation.org
What is the revenue of The Motley Fool Foundation?
The Motley Fool Foundation's revenue in 2022 was $15,812,396.
Official website here: www.foolfoundation.org
Who are the executives of The Motley Fool Foundation and what are their salaries?
The average compensation at The Motley Fool Foundation during 2022 was $65,154. There are 10 employees and 10 volunteers at The Motley Fool Foundation.
Here are 12 key members and their salaries:
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Official website here: www.foolfoundation.org
Where can I find the form 990 for The Motley Fool Foundation?
The Motley Fool Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foolfoundation.org
Learn more at the official website: www.foolfoundation.org
Mission Statement of The Motley Fool Foundation
The Motley Fool Foundation, a philanthropic organization, is committed to promoting financial freedom for all by identifying, funding, and amplifying innovative solutions that help individuals transcend the boundary between striving and thriving. Believing that financial freedom is facilitated by five primary drivers - education, health, money, work, and housing - the Foundation aims to break down the silos between these drivers and remove the barriers preventing people from advancing financially.
With the vision of creating pathways to financial freedom for those living paycheck to paycheck, The Motley Fool Foundation invests in change-makers, or 'Rule Breakers,' who are making a difference in their communities. In 2022, the Foundation supported Rule Breakers working with the unbanked and underbanked, developing black rural entrepreneurs, and acquiring and preserving affordable housing. By providing targeted investments and amplifying their impact, The Motley Fool Foundation seeks to enable these individuals to go further and faster in their missions.
The Foundation also initiated a project to bring together a group of Rule Breakers and community leaders in a single location, with the goal of developing comprehensive solutions across all five drivers and providing equitable pathways to financial freedom for an entire population. This collaborative approach sets the stage for lasting, community-wide change and empowers individuals to overcome the challenges that hinder their financial progress.
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Impact
October, 2024
The Motley Fool Foundation actively promotes financial freedom for individuals and communities by focusing on key drivers essential for economic advancement: education, health, money, work, and housing. By breaking down the silos that often isolate these areas, the Foundation creates an integrated approach to help people transition from strivers to thrivers.
In 2022, the Foundation made significant strides by investing in innovative initiatives that support the unbanked and underbanked populations, nurture entrepreneurs in Black rural areas, and work towards acquiring and preserving affordable housing. These targeted investments focus on individuals and organizations that challenge the status quo—referred to as "Rule Breakers”—and are dedicated to developing transformative solutions that provide equitable access to financial resources.
The Foundation is also committed to collaborative growth by connecting these Rule Breakers and community leaders within specific geographic locations. This enables the sharing of best practices, facilitates networking, and fosters the development of multi-faceted solutions that can effectively address the barriers preventing financial stability for many.
Through its comprehensive approach, The Motley Fool Foundation is laying the groundwork for tangible improvements in financial equity, ultimately aiming to create pathways that help those living paycheck to paycheck achieve lasting financial freedom.
This information is meant to be a general summary of The Motley Fool 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: -$97,742
- Gross Receipts: $17,346,236
Assets and Liabilities:
- Total Assets: $13,206,539
- Total Liabilities: $140,445
- Net Assets: $13,066,094
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Organization Details
Founding Year
2019
Phone
(202) 770-6968Principal Officer
Jennifer Gennaro Oxley
Main Address
2000 DUKE STREET 2, ALEXANDRIA, VA, 22314
Website
www.foolfoundation.orgNTEE Category
Code: P51 - Human services
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