Overview
What is Reisher Family Foundation?
The Reisher Family Foundation is a philanthropic organization headquartered in Colorado. In the spring of 2022, they allocated new scholars to the following Colorado universities: University of Northern Colorado, Metropolitan State University of Denver, University of Colorado at Denver, University of Colorado at Colorado Springs, Colorado State University, Colorado Mesa University, and Colorado State University at Pueblo. During this year, the Reisher Family Foundation granted a substantial sum of $4,460,800 to the Denver Foundation, enabling the continuation and expansion of the Reisher Scholarship Program. The foundation's primary focus is to provide grants to the Reisher Scholarship Fund at the Denver Foundation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Reisher Family Foundation has received a Two-Star out of Four Star rating from Charity Navigator with an overall score of 73%. This score indicates a need for improvement, particularly in the areas of financial transparency and governance practices. While the organization boasts a high program expense ratio of 97.92%, demonstrating a strong commitment to its mission, the lack of publicly available financial statements and the absence of key governance policies like a whistleblower and document retention policy are concerning.
The foundation does have some strengths, including a fully independent board and a solid liability to asset ratio of 0.00%. Additionally, it successfully manages its fundraising activities with no associated costs, highlighting efficient use of resources. The reported CEO compensation process is also transparent, which reflects positively on its accountability.
However, the foundation's website is notably lacking in essential information, such as its tax form, audit reports, and listings of staff and board members. These omissions hinder potential donors and stakeholders from fully understanding the foundation's operations and governance. Overall, while the foundation demonstrates commitment through its program expenditures, improving transparency and governance could enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Reisher Family Foundation legitimate?
Reisher Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reisher Family 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: $40,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Reisher Family Foundation?
The Reisher Family Foundation focuses on grant-making to support the Reisher Scholarship Fund at the Denver Foundation. This commitment is aimed at providing scholarships to deserving students in various Colorado universities. In the spring of 2022, the Reisher Scholarship Committee recognized new scholars at the University of Northern Colorado, Metropolitan State University of Denver, the University of Colorado at Denver, the University of Colorado at Colorado Springs, Colorado State University, Colorado Mesa University, and Colorado State University at Pueblo. Throughout the year, the Reisher Family Foundation made significant grants amounting to $4,460,800 to the Denver Foundation to ensure the continuation and expansion of the Reisher Scholarship Program.
Who is the CEO of Reisher Family Foundation?
Mary Reisher is the Principal Officer of Reisher Family Foundation.
What is the revenue of Reisher Family Foundation?
Reisher Family Foundation's revenue in 2022 was $444,544,338.
Who are the executives of Reisher Family Foundation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $85,779
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Reisher Family Foundation?
Reisher Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Reisher Family Foundation
The Reisher Family Foundation is a philanthropic organization dedicated to granting funds to the Reisher Scholarship Program at the Denver Foundation. This mission aims to provide financial assistance to students attending various universities in Colorado. In the spring of 2022, the Reisher Scholarship Committee at the Denver Foundation identified new scholars at seven Colorado universities: the University of Northern Colorado, Metropolitan State University of Denver, the University of Colorado at Denver, the University of Colorado at Colorado Springs, Colorado State University, Colorado Mesa University, and Colorado State University at Pueblo. The Reisher Family Foundation supported this initiative by making grants totaling $4,460,800 to the Denver Foundation to ensure the continuation and growth of the Reisher Scholarship Program. By offering scholarships to deserving students, the Reisher Family Foundation invests in the future of Colorado's youth, enabling them to reach their full potential and contribute to their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Reisher Family Foundation has made a substantial impact through its commitment to education in Colorado. In 2022, the foundation provided over $4.4 million in grants to the Reisher Scholarship Fund at the Denver Foundation. This significant investment enables the continuation and expansion of the Reisher Scholarship Program, which is designed to support students pursuing higher education.
Through this initiative, new Reisher Scholars have been designated across several Colorado universities, including the University of Northern Colorado, Metropolitan State University of Denver, the University of Colorado at Denver, and others. This targeted support not only assists students financially but also fosters educational opportunities and personal growth for recipients, ultimately benefiting the broader community by promoting access to education.
This information is meant to be a general summary of Reisher Family 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: $5,778,795
- Gross Receipts: $444,550,546
Assets and Liabilities:
- Total Assets: $521,642,537
- Total Liabilities: $0
- Net Assets: $521,642,537
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2000
Phone
(303) 235-1301Principal Officer
Mary Reisher
Main Address
12345 W COLFAX AVENUE, LAKEWOOD, CO, 802153742
NTEE Category
Code: B82 - Education
If you are a representative of Reisher Family Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.