Overview
What is Lever Foundation Growth Fund?
The Lever Foundation Growth Fund is a charitable organization based in Lancaster, Pennsylvania, established to support the mission of the Lever Foundation and other like-minded charities. Their primary focus is on preventing animal suffering by promoting the development and growth of entrepreneurs and startups in the alternative protein sector. These companies produce plant-based and other protein alternatives, reducing the need for animal agriculture. By providing grants, the Fund helps these businesses launch and expand, ultimately contributing to the shift towards more humane and sustainable food choices.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Lever Foundation Growth Fund has achieved an overall score of 85%, which reflects strong performance in Accountability & Finance. This rating is important as it highlights the organization's commitment to maintaining transparency and responsible financial management, which are crucial factors for potential donors and stakeholders.
The organization excels in several key areas, such as having a majority of independent board members and demonstrating excellent oversight of financial statements. With no material diversions of assets and clear policies in place regarding conflicts of interest, the foundation has established robust governance practices. Additionally, the program expense ratio is commendable at 99.95%, indicating a strong focus on its mission-related activities.
Despite its solid rating and strengths, there may be limitations in broader assessments of impact and effectiveness that are not captured in the financial metrics alone. While the foundation demonstrates fiscal responsibility, potential supporters might seek additional context regarding the outcomes of its programs and overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lever Foundation Growth Fund legitimate?
Lever Foundation Growth Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lever Foundation Growth 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 Lever Foundation Growth Fund?
The Lever Foundation Growth Fund is a charitable organization dedicated to furthering the mission of the Lever Foundation, which includes preventing animal suffering through the promotion of healthy, humane, and sustainable food choices. One way they accomplish this is by supporting and empowering entrepreneurs and startups producing alternative protein products, which replace conventional animal protein with plant-based or other cruelty-free alternatives. The Fund aids in launching these companies and helping early-stage startups thrive, ultimately shifting a portion of protein production and consumption towards more compassionate food choices.
Who is the CEO of Lever Foundation Growth Fund?
Nick Cooney is the Director of Lever Foundation Growth Fund.
What is the revenue of Lever Foundation Growth Fund?
Lever Foundation Growth Fund's revenue in 2022 was $2,273,000.
Who are the executives of Lever Foundation Growth Fund and what are their salaries?
There 3 volunteers at Lever Foundation Growth Fund.
Here are 4 key members and their salaries:
- 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 Lever Foundation Growth Fund?
Lever Foundation Growth Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lever Foundation Growth Fund
The Lever Foundation Growth Fund, a 501(c)3 charitable organization, is dedicated to advancing the mission of Lever Foundation and like-minded charities. This mission revolves around preventing animal suffering by promoting healthy, sustainable, and humane food choices. One of the ways the Foundation achieves this goal is by backing entrepreneurs and startup companies that produce alternative protein products. These innovative food items serve as replacements for conventional animal protein on consumers' plates, using plant-based proteins or proteins that don't require raising and slaughtering animals. By providing crucial support to new businesses in this sector and helping early-stage startups grow, the Fund plays a pivotal role in expanding the production and consumption of animal-free proteins. This shift towards more compassionate food choices ultimately contributes to a more humane food system.
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Impact
October, 2024
The Lever Foundation Growth Fund significantly impacts the food system by promoting humane and sustainable food choices while preventing animal suffering. By empowering entrepreneurs and startups in the alternative protein sector, the Fund aids the development of innovative food products that can substitute conventional animal proteins with plant-based or lab-grown alternatives. This support not only helps early-stage companies secure the necessary funding to grow but also fosters a shift in consumer behavior towards healthier, cruelty-free options.
Through targeted grantmaking to both Lever Foundation and other aligned public charities, the Fund amplifies its mission, enabling a wider reach and deeper influence in creating a more compassionate food production landscape. By facilitating the growth and development of solutions that avoid the need to raise and slaughter animals for food, the Fund contributes to a transformative change in how protein is produced and consumed, ultimately benefiting animals, the environment, and public health.
This information is meant to be a general summary of Lever Foundation Growth 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.
- Gross Receipts: $2,273,000
Assets and Liabilities:
- Total Assets: $3,044,959
- Total Liabilities: $0
- Net Assets: $3,044,959
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Organization Details
Founding Year
2020
Phone
(717) 584-1805Principal Officer
Nick Cooney
Main Address
242 Elizabeth Drive, Lancaster, PA, 17601
NTEE Category
Code: D12 - Animals
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