Overview
What is Leonard & Beryl Buck Foundation C/O Wells Fargo Bank?
The Leonard & Beryl Buck Foundation CO Wells Fargo Bank is a charitable trust established in 1979 to distribute funds for non-profit, religious, or educational activities in Marin County, California. As per the court orders, Wells Fargo Bank, as the investment trustee, manages the trust's investments and makes direct distributions to beneficiaries. In the 2022 fiscal year, distributions totaling $9,430,164 were made to the Buck Institute for Research on Aging, Alcohol Justice, and Education. Marin Community Foundation, as the distribution trustee, disbursed trust funds amounting to $22,729,875 to various charitable recipients in Marin County. The Foundation supports initiatives aimed at closing the educational achievement gap, developing affordable housing, increasing economic security, and reducing the environmental impacts of climate change. Grants are also awarded to areas such as immigrant integration, services for older adults, community health, legal services, arts education and community arts, social justice, and access to parks and open space.
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star rating
The Leonard & Beryl Buck Foundation has achieved a Three-Star rating from Charity Navigator, signifying a commendable level of accountability and finance management. The score reflects a strong focus on responsible financial practices, as evidenced by their perfect scores in various categories such as audit oversight, conflict of interest policies, and material diversion of assets.
With an impressive program expense ratio of 97.35%, the organization demonstrates a commitment to effectively channeling funds toward its charitable activities. Additionally, the foundation upholds robust governance practices, maintaining thorough documentation of board meeting minutes and adhering to established document retention policies.
However, while the overall rating is positive, it is based solely on the Accountability & Finance beacon. Future evaluations may benefit from additional data points, providing a more comprehensive overview of the foundation's impact and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Leonard & Beryl Buck Foundation C/O Wells Fargo Bank legitimate?
Leonard & Beryl Buck Foundation C/O Wells Fargo Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leonard & Beryl Buck Foundation C/O Wells Fargo Bank 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 Leonard & Beryl Buck Foundation C/O Wells Fargo Bank?
The Leonard & Beryl Buck Foundation is a charitable trust established in 1979 to distribute funds for non-profit charitable, religious, or educational activities. With Wells Fargo Bank serving as investment trustee, the trust administers investments and makes grants to organizations in need. In the 2022 fiscal year, the foundation distributed a total of $32,163,039 to various charitable recipients, supporting initiatives to close educational achievement gaps, develop affordable housing, increase economic security, and reduce the environmental impact of climate change. Additionally, grants were provided in areas such as immigrant integration, services for older adults, community health, legal services, arts education and community arts, social justice, and access to parks and open space.
Who is the CEO of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank?
Stacey R Ashton is the Investment Trustee of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank.
What is the revenue of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank?
Leonard & Beryl Buck Foundation C/O Wells Fargo Bank's revenue in 2022 was $55,717,446.
Who are the executives of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Leonard & Beryl Buck Foundation C/O Wells Fargo Bank?
Leonard & Beryl Buck Foundation C/O Wells Fargo Bank's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank
The Leonard & Beryl Buck Foundation CO Wells Fargo Bank is a charitable trust established in 1979, committed to distributing funds for non-profit charitable, religious, or educational activities in California's Marin County. The organization's mission is to make grants to deserving organizations that align with its goals.
Wells Fargo Bank serves as the investment trustee, managing the foundation's investments and making direct distributions to beneficiaries. In the 2022 fiscal year, the trustee disbursed a significant amount, totaling $9,430,164, to organizations such as the Buck Institute for Research on Aging, Alcohol Justice, and the Buck Institute for Education. Marin Community Foundation, on the other hand, acts as the distribution trustee, allocating the trust funds to various charitable recipients. These grants totaled $22,729,875 for the same fiscal year.
The Leonard & Beryl Buck Foundation CO Wells Fargo Bank focuses on supporting initiatives that aim to close the educational achievement gap, develop affordable housing, increase the economic security and upward mobility of disadvantaged individuals and families, and act as a catalyst for change in efforts to reduce the environmental impacts of climate change. The organization's grants span across various issue areas, including immigrant integration, services for older adults, community health, legal services, arts education and community arts, social justice, and access to parks and open space. By providing essential financial support to these initiatives, the foundation contributes to the overall betterment of Marin County's communities.
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Impact
October, 2024
The Leonard & Beryl Buck Foundation, administered by Wells Fargo Bank, plays a significant role in supporting various nonprofit charitable, religious, and educational organizations in Marin County, California. In the fiscal year 2022, the foundation facilitated approximately $9.4 million in direct distributions to key organizations such as the Buck Institute for Research on Aging and Alcohol Justice. Additionally, the Marin Community Foundation, acting as the distribution trustee, allocated nearly $22.7 million to a range of charitable recipients.
The foundation strategically targets critical issues within the community through its four main initiatives: closing the educational achievement gap, developing affordable housing, enhancing economic security for low-income individuals and families, and addressing the challenges posed by climate change. Furthermore, it supports various community grant areas, including immigrant integration, services for older adults, community health, legal services, arts education, social justice, and access to parks and open spaces.
This focused grant-making activity helps foster improvements in societal well-being, promotes equity, and nurtures a healthier environment, thereby creating a lasting impact in Marin County.
This information is meant to be a general summary of Leonard & Beryl Buck Foundation C/O Wells Fargo Bank. 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: $55,717,446
- Gross Receipts: $403,915,546
Assets and Liabilities:
- Total Assets: $1,041,465,445
- Total Liabilities: $16,868,259
- Net Assets: $1,024,597,186
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Organization Details
Founding Year
1979
Phone
(704) 590-2828Principal Officer
Stacey R Ashton
Main Address
6325 S RAINBOW BLVD 3RD FL, LAS VEGAS, NV, 89118
NTEE Category
Code: T900 - Philanthropy
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