Overview
What is 1693 Partners Fund?
The 1693 Partners Fund is a nonprofit entity dedicated to managing investments as part of an endowment for William & Mary and its affiliated organizations. By channeling resources into this fund, it supports the educational and related initiatives of the university and its allied groups.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The 1693 Partners Fund has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. This high score is primarily driven by the charity's adherence to rigorous standards, with a perfect score in several key areas including independent board membership and financial oversight. Such metrics indicate a well-managed organization that prioritizes transparency and responsible financial practices.
Strengths of the 1693 Partners Fund include a fully independent board, effective audit and oversight mechanisms, and comprehensive policies regarding conflicts of interest and whistleblowing. The organization has demonstrated no material diversion of assets and maintains a robust program expense ratio of 100%, indicating that all funds are directed towards its mission rather than administrative costs. This level of financial integrity is a significant positive for potential donors looking for trustworthy organizations.
While the data suggests a highly efficient operation, the summary does not provide insights into the specific programs or initiatives undertaken by the 1693 Partners Fund. This might limit the understanding of how the Fund's financial practices translate into tangible community impact, which is an important consideration for donors interested in the effectiveness of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is 1693 Partners Fund legitimate?
1693 Partners Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1693 Partners 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.
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Official website here: www.none
What is the mission statement of 1693 Partners Fund?
The 1693 Partners Fund is dedicated to managing and investing endowment assets to support William & Mary and its affiliated organizations. The primary objective of the fund is to provide financial resources for the continued growth and success of these educational institutions. Through strategic investments, the fund aims to foster academic excellence, research advancements, and sustainable development within the William & Mary community and its affiliated organizations. By managing these assets effectively, the fund enables these organizations to uphold their missions and deliver on their promises to their constituents. Ultimately, the 1693 Partners Fund serves as a vital partner in the pursuit of knowledge, innovation, and progress at William & Mary and its affiliated institutions.
Official website here: www.none
Who is the CEO of 1693 Partners Fund?
Unavailable
Official website here: www.none
What is the revenue of 1693 Partners Fund?
1693 Partners Fund's revenue in 2022 was $103,998,144.
Official website here: www.none
Who are the executives of 1693 Partners Fund and what are their salaries?
There 13 volunteers at 1693 Partners Fund.
Here are 17 key members and their salaries:
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- Related: $227,806
- Other: $43,469
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- Related: $343,425
- Other: $45,514
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of 1693 Partners Fund
The 1693 Partners Fund is a philanthropic organization dedicated to investing endowment assets in support of the University of William & Mary and its affiliated institutions. This mission reflects a commitment to contributing financially to the ongoing success and growth of these esteemed educational bodies.
By pooling resources and making strategic investments, the 1693 Partners Fund plays a vital role in fostering the sustainability and prosperity of William & Mary and its affiliated organizations. Through its endowment activities, the organization provides essential financial backing for various initiatives, ensuring the institutions can continue to thrive and make a difference in the lives of their students and the wider community.
The 1693 Partners Fund is an essential partner in the educational journey of William & Mary and its affiliated organizations. Its investments provide a steady source of financial support that enables these institutions to pursue their missions, provide quality educational opportunities, and carry out research and community outreach programs. In this way, the 1693 Partners Fund contributes significantly to the long-term success and impact of the organizations it supports.
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Impact
October, 2024
1693 Partners Fund plays a crucial role in enhancing the educational landscape by investing endowment assets that support William & Mary and its affiliated organizations. By directing financial resources towards this esteemed institution, the fund strengthens academic programs, scholarships, and various initiatives aimed at fostering student success. This strategic investment not only contributes to the growth and sustainability of educational opportunities but also reinforces the community's commitment to excellence in education in Williamsburg, VA. Through its efforts, 1693 Partners Fund empowers future generations of learners and leaders, ensuring that they have access to the resources necessary to thrive.
This information is meant to be a general summary of 1693 Partners 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: $77,827,180
- Program Service Revenue: $26,170,964
- Gross Receipts: $207,038,949
Assets and Liabilities:
- Total Assets: $899,776,773
- Total Liabilities: $930,432
- Net Assets: $898,846,341
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member contributions
Revenue
$26,170,964
Organization Details
Founding Year
2019
Phone
(757) 221-1906Main Address
5300 Discovery Park Blvd 3RD FLOOR, Williamsburg, VA, 231882695
Website
www.noneNTEE Category
Code: B11 - Education
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