Overview
What is Hospice Endowment Trust Fund Of Phoenix Az?
The Hospice Endowment Trust Fund of Phoenix, Arizona, is a charitable organization focused on managing and investing donations for the advantage of Hospice of the Valley, a related 501(c)(3) tax-exempt institution. The trust fund's assets have experienced growth, thanks to favorable market conditions and additional capital from Hospice of the Valley. The sole purpose of the Hospice Endowment Trust Fund is to support Hospice of the Valley in its mission.
What are the reviews and ratings of this charity?
Charity Navigator rating: 86%, Three-Star out of Four Star rating.
The Hospice Endowment Trust Fund of Phoenix, AZ, has received a commendable Three-Star rating with an overall score of 86%. This rating reflects the organization's strong commitment to accountability and finance, as indicated by a perfect score in several key areas, including independent board membership and financial oversight practices. The organization benefits from a majority of independent board members and has established robust policies ensuring transparency and ethical governance.
The fund's financial health is notably solid, with a liabilities to assets ratio of 0.00%, suggesting that the organization is operating without significant debt. Furthermore, a program expense ratio of approximately 72% indicates that a significant portion of its funds is allocated directly to its mission-driven programs, which is a positive sign for donors interested in maximizing their impact.
However, while the organization showcases strong financial management, the rating is exclusively derived from its accountability and finance metrics. There may be additional factors concerning program effectiveness or community impact that are not captured in this score, which potential donors may wish to consider. Overall, the charity demonstrates responsible financial practices and effective governance, making it a reliable option for those looking to support hospice care initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Hospice Endowment Trust Fund Of Phoenix Az legitimate?
Hospice Endowment Trust Fund Of Phoenix Az is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospice Endowment Trust Fund Of Phoenix Az 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 Hospice Endowment Trust Fund Of Phoenix Az?
The Hospice Endowment Trust Fund serves as a repository for donations intended for the benefit of Hospice of the Valley, a related tax-exempt organization. Its primary activity involves holding and investing contributions from generous donors. The growth of its investment holdings can be attributed to market favorability and the transfer of additional capital from Hospice of the Valley. The assets of the trust fund are dedicated solely to supporting Hospice of the Valley and its mission.
Who is the CEO of Hospice Endowment Trust Fund Of Phoenix Az?
Unavailable
What is the revenue of Hospice Endowment Trust Fund Of Phoenix Az?
Hospice Endowment Trust Fund Of Phoenix Az's revenue in 2022 was $44,011,492.
Who are the executives of Hospice Endowment Trust Fund Of Phoenix Az and what are their salaries?
There 10 volunteers at Hospice Endowment Trust Fund Of Phoenix Az.
Here are 12 key members and their salaries:
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- Related: $510,999
- Other: $25,628
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Where can I find the form 990 for Hospice Endowment Trust Fund Of Phoenix Az?
Hospice Endowment Trust Fund Of Phoenix Az's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hospice Endowment Trust Fund Of Phoenix Az
The Hospice Endowment Trust Fund of Phoenix, a 501(c)(3) tax-exempt organization, is dedicated to holding and investing donations on behalf of Hospice of the Valley, a related charitable institution. This trust fund exists to support Hospice of the Valley through the management of its financial contributions.
The Hospice Endowment Trust Fund has experienced significant growth due to favorable market outcomes and the transfer of additional capital from Hospice of the Valley. The assets held by this trust serve a unique purpose: solely to benefit Hospice of the Valley in its mission to provide essential hospice services to those in need. This financial support is crucial for the continued operation and expansion of Hospice of the Valley's programs, ensuring it can continue to make a difference in the lives of its patients and their families.
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Impact
October, 2024
The Hospice Endowment Trust Fund of Phoenix, AZ has a significant impact by ensuring the financial sustainability and growth of Hospice of the Valley, a related organization that provides essential end-of-life care services. Through prudent management and strategic investments, the Trust Fund has seen an increase in its investment holdings, which is attributed to favorable market conditions and the transfer of additional capital. This growth allows for enhanced support of hospice services, ensuring that they remain available to community members who need compassionate care during critical times in their lives. By holding and investing contributions from donors, the Trust Fund not only secures resources for immediate needs but also builds a lasting financial foundation that can support ongoing and future initiatives for Hospice of the Valley, ultimately improving the quality of care provided to patients and their families in Phoenix and beyond.
This information is meant to be a general summary of Hospice Endowment Trust Fund Of Phoenix Az. 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: $43,960,520
- Gross Receipts: $116,989,909
Assets and Liabilities:
- Total Assets: $587,769,784
- Total Liabilities: $0
- Net Assets: $587,769,784
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Organization Details
Founding Year
1982
Phone
(602) 530-6900Main Address
1510 EAST FLOWER STREET, PHOENIX, AZ, 85014
NTEE Category
Code: P74 - Human services
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