Overview
What is Carl R Fravel Memorial Trust?
The Carl R Fravel Memorial Trust is a perpetual endowment established to support specific 501(C) 3 nonprofit organizations, as outlined in the will of its namesake, Carl R Fravel. The trust's primary objective is to provide ongoing financial assistance to these designated organizations, thereby fulfilling Fravel's philanthropic vision. Based in Sewell, New Jersey, the trust follows a mission of granting funds to these named charities indefinitely, aiming to contribute positively to their causes and impact within their respective communities.
Is Carl R Fravel Memorial Trust legitimate?
Carl R Fravel Memorial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carl R Fravel Memorial Trust 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
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What is the mission statement of Carl R Fravel Memorial Trust?
The Carl R Fravel Memorial Trust is committed to providing perpetual grants to designated 501(C) 3 organizations, in accordance with the wishes of its founder, Carl R Fravel. The primary objective of this trust is to ensure a continuous flow of financial support to these organizations, as outlined in Fravel's will. This philanthropic endeavor aims to make a lasting impact on the causes and initiatives that Fravel held dear. The trust serves as a perpetual source of funding, providing financial assistance to the named organizations, thereby contributing to their continued operation and impact.
What is the revenue of Carl R Fravel Memorial Trust?
Carl R Fravel Memorial Trust's revenue in 2022 was $153,726.
Who are the executives of Carl R Fravel Memorial Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $29,609
Where can I find the form 990 for Carl R Fravel Memorial Trust?
Carl R Fravel Memorial Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carl R Fravel Memorial Trust
The Carl R. Fravel Memorial Trust is an organization that is committed to providing perpetual grants to designated 501(C) 3 non-profit organizations. In accordance with the will of Carl R. Fravel, the Trust serves as a perpetual funding source for these chosen organizations. The mission of the Carl R. Fravel Memorial Trust is to ensure the continuous support and financial assistance to these named non-profit entities, thereby enabling them to fulfill their respective missions and serve their communities effectively.
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Impact
October, 2024
The Carl R. Fravel Memorial Trust significantly impacts specified 501(c)(3) organizations through its committed provision of perpetual grants. Established in accordance with the wishes of Carl R. Fravel, the Trust ensures ongoing financial support for designated charitable entities, thereby enabling them to enhance their services and expand their reach. This stable funding mechanism not only fosters sustainability for these organizations but also allows them to focus on their missions, knowing that they have reliable resources at their disposal. By honoring Fravel’s legacy, the Trust contributes to the long-term well-being of the communities these organizations serve. Based in Sewell, NJ, the Trust plays a crucial role in supporting initiatives that align with its mission, ultimately making a lasting positive difference.
This information is meant to be a general summary of Carl R Fravel Memorial Trust. 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: $198,884
- Gross Receipts: $1,834,521
Assets and Liabilities:
- Total Assets: $8,748,993
- Total Liabilities: $0
- Net Assets: $8,748,993
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Organization Details
Founding Year
2021
Principal Officer
Michael J Mcginty Jr
NTEE Category
Code: Z99 - Unknown
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