Overview
What is The Morrison & Foerster Foundation?
The Morrison & Foerster Foundation is a charitable entity linked to the law firm Morrison & Foerster LLP. It primarily focuses on distributing funds to U.S. nonprofit organizations that cater to disadvantaged children and youth in the communities where the firm's personnel reside and work. The foundation encourages its employees to direct their philanthropic efforts towards these local nonprofits, thereby empowering the community they are a part of. By doing so, The Morrison & Foerster Foundation plays a significant role in addressing the needs of vulnerable children and youth in its vicinity.
Official website here: www.mofo.com/culture/mofo-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Morrison & Foerster Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The score is derived solely from the charity's strong performance in the Accountability & Finance beacon, highlighting its commitment to responsible governance and transparent operations.
A key strength of the foundation lies in its fully independent board, comprised of 14 members, which contributes to effective oversight and decision-making. Additionally, the organization has established robust financial practices, including a 99.33% program expense ratio and zero liabilities to assets, ensuring that funds are utilized effectively for its charitable programs.
While the foundation demonstrates exceptional fiscal responsibility and management, it's essential to note that the evaluation is primarily focused on financial metrics. The absence of qualitative data on program impact or community feedback may limit a comprehensive understanding of the foundation's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Morrison & Foerster Foundation legitimate?
The Morrison & Foerster Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Morrison & Foerster 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.
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Official website here: www.mofo.com/culture/mofo-foundation/
What is the mission statement of The Morrison & Foerster Foundation?
The Morrison & Foerster Foundation encourages its employees to channel their charitable contributions towards nonprofit organizations that serve disadvantaged children and youth in the communities they reside and work in. The foundation's mission is to facilitate this charitable giving, thereby supporting local communities and addressing the needs of vulnerable young individuals. Through charitable grants, the foundation has supported various U.S. nonprofit organizations working towards the betterment of disadvantaged children and youth.
Official website here: www.mofo.com/culture/mofo-foundation/
Who is the CEO of The Morrison & Foerster Foundation?
Kenneth A Kuwayti is the President/Director of The Morrison & Foerster Foundation.
Official website here: www.mofo.com/culture/mofo-foundation/
What is the revenue of The Morrison & Foerster Foundation?
The Morrison & Foerster Foundation's revenue in 2022 was $4,580,728.
Official website here: www.mofo.com/culture/mofo-foundation/
Who are the executives of The Morrison & Foerster Foundation and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.mofo.com/culture/mofo-foundation/
Where can I find the form 990 for The Morrison & Foerster Foundation?
The Morrison & Foerster Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mofo.com/culture/mofo-foundation/
Learn more at the official website: www.mofo.com/culture/mofo-foundation/
Mission Statement of The Morrison & Foerster Foundation
The Morrison & Foerster Foundation serves as a platform for the charitable giving of the personnel at Morrison & Foerster, enabling them to support nonprofit organizations that cater to disadvantaged children and youth within the communities they reside and work in. The foundation's mission is to foster this charitable giving, ensuring that the firm's employees can make a significant impact in their local communities. By focusing on nonprofit organizations, The Morrison & Foerster Foundation aims to contribute to the betterment of these communities, particularly by addressing the needs of vulnerable children and youth.
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Impact
July, 2024
The impact of The Morrison & Foerster Foundation is focused on supporting disadvantaged children and youth in the communities where Morrison & Foerster LLP has offices. By making charitable grants to U.S. organizations serving these populations, the foundation enables employees to direct their philanthropic efforts towards making a positive difference in the lives of those in need. Its mission aligns with promoting community well-being and fostering a culture of giving back among the firm's personnel.
This information is meant to be a general summary of The Morrison & Foerster 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: $28,316
- Gross Receipts: $4,580,728
Assets and Liabilities:
- Total Assets: $2,941,898
- Total Liabilities: $0
- Net Assets: $2,941,898
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Organization Details
Founding Year
1986
Phone
(415) 268-7000Principal Officer
Kenneth A Kuwayti
Main Address
425 MARKET STREET 32ND FLOOR, SAN FRANCISCO, CA, 941052482
NTEE Category
Code: T22Z - Philanthropy
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