Overview
What is Ocf Joseph E Weston Public Foundation?
The Ocf Joseph E Weston Public Foundation is a charitable organization based in Portland, Oregon, acting as a grantor under The Oregon Community Foundation. Their mission lies in supporting various causes that enhance the lives of Oregonians, focusing on children, the working poor, individuals with disabilities, elderly citizens, and the homeless. In 2022, they granted funds to 530 organizations and awarded scholarships to 576 elementary, middle, and high school students and 421 college students. The foundation's initiatives align with The Oregon Community Foundation's goal of improving the overall quality of life for Oregon residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The Ocf Joseph E Weston Public Foundation has achieved a strong rating of 90%, reflecting a high level of accountability and financial health. Its exceptional score in the Accountability & Finance category indicates robust financial practices and governance, with a fully independent board and effective oversight mechanisms in place. The foundation demonstrates a solid commitment to transparency and ethical management, highlighted by its conflict of interest policy and documented board meeting minutes.
Financially, the foundation exhibits impressive metrics, such as a program expense ratio of 95.38%, which signifies that the vast majority of its funds are directed towards its mission-driven activities. The fundraising efficiency ratio is notably low, further emphasizing its cost-effective approach to raising funds. Additionally, the foundation’s liabilities to assets ratio of just 0.41% suggests strong financial stability and minimal debt burden.
While the foundation's performance is commendable, no limitations or challenges were noted in the available data. Overall, the Ocf Joseph E Weston Public Foundation demonstrates a solid commitment to its mission, ensuring that donor contributions are effectively utilized for intended purposes.
This AI summary has been generated from information found on Charity Navigator.
Is Ocf Joseph E Weston Public Foundation legitimate?
Ocf Joseph E Weston Public Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocf Joseph E Weston Public 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ocf Joseph E Weston Public Foundation?
The OCF Joseph E. Weston Public Foundation functions as a grant-making organization, contributing to initiatives that align with the mission of The Oregon Community Foundation. This mission is dedicated to enhancing lives in Oregon through philanthropy. The Foundation grants funds to various organizations and scholarships to students across Oregon and SW Washington. Their support reaches out to children, the working poor, people with disabilities, senior citizens, and the homeless. In 2022, the Foundation distributed grants to 530 organizations and awarded scholarships to 576 elementary/middle/high school students and 421 college students.
What is the revenue of Ocf Joseph E Weston Public Foundation?
Ocf Joseph E Weston Public Foundation's revenue in 2023 was $10,403,560.
Who are the executives of Ocf Joseph E Weston Public Foundation and what are their salaries?
There 12 volunteers at Ocf Joseph E Weston Public Foundation.
Here are 12 key members and their salaries:
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- Related: $216,047
- Other: $15,239
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- Related: $339,869
- Other: $75,412
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- Related: $145,830
- Other: $52,850
Where can I find the form 990 for Ocf Joseph E Weston Public Foundation?
Ocf Joseph E Weston Public Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ocf Joseph E Weston Public Foundation
The OCF Joseph E. Weston Public Foundation, also known as the Weston Foundation, is a philanthropic organization that works in collaboration with The Oregon Community Foundation (OCF). This supporting foundation is dedicated to enhancing the lives of Oregonians by making grants that align with the mission of OCF, which is to improve lives and promote effective philanthropy.
In practice, the Weston Foundation supports a diverse range of causes, focusing primarily on children, the working poor, people with disabilities, senior citizens, and the homeless. Through grant funding, the organization aims to bring about positive change and provide essential resources to these communities. Moreover, the Weston Foundation offers scholarships to students attending private elementary, middle, and high schools in Oregon and SW Washington, as well as to students pursuing higher education at both private and public colleges.
In the 2022 grant cycle, the Weston Foundation awarded funds to 530 organizations, demonstrating its commitment to making a significant impact across various sectors. This support reached a total of 576 elementary, middle, and high school students by means of scholarships and 421 college students who also received this valuable assistance. By doing so, the Weston Foundation contributes to the personal growth and development of countless individuals in Oregon and SW Washington.
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Impact
October, 2024
The OCF Joseph E. Weston Public Foundation significantly enhances the quality of life in Oregon and Southwest Washington through its impactful grant-making and scholarship programs. Focused on supporting vulnerable populations, the Foundation provides crucial funding to children, the working poor, individuals with disabilities, senior citizens, and the homeless. In 2022 alone, it awarded grants to 530 organizations, fostering initiatives that directly benefit communities across the region.
The Foundation's commitment to education is evident in its scholarship offerings, with 576 elementary, middle, and high school students receiving financial support, alongside 421 college students. By investing in future generations, the Weston Foundation strengthens educational opportunities and promotes economic mobility for students in the area.
Through its efforts, the Foundation not only addresses immediate needs but also cultivates long-term positive change, reinforcing its mission to improve lives and promote effective philanthropy throughout Oregon.
This information is meant to be a general summary of Ocf Joseph E Weston Public 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 2023.
- Investment Income: $20,299
- Gross Receipts: $10,403,560
Assets and Liabilities:
- Total Assets: $573,347,552
- Total Liabilities: $2,739,551
- Net Assets: $570,608,001
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Organization Details
Founding Year
1991
NTEE Category
Code: T11 - Philanthropy
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