Overview
What is David C Ai Charitable Trust?
The David C Ai Charitable Trust is a philanthropic entity established to support various charitable initiatives. Its primary goal is to contribute to the programs of a local YMCA branch and other charitable organizations. The trust's mission is to distribute its annual income and, if necessary, a portion of its principal, ensuring long-term benefits for its beneficiaries. A significant portion of its funds is allocated to the Nuuanu YMCA in Honolulu, Hawaii, specifically for their Teen Fitness Program. Remaining funds or principal distributions, as the trustee deems necessary, are distributed to various charitable organizations, as listed in Exhibit III. The trustee has the flexibility to determine the distribution amounts for each organization.
Is David C Ai Charitable Trust legitimate?
David C Ai Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. David C Ai Charitable Trust 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 David C Ai Charitable Trust?
The David C Ai Charitable Trust is established with the mission to support various charitable programs. Each year, it distributes a portion of its income for the trust's intended purposes, which may also include distributing a portion of its principal funds as necessary. Initially, a significant portion of its funds is allocated to the Nuuanu YMCA in Honolulu, Hawaii, to support their teen fitness program. Remaining funds or additional distributions, as deemed necessary, are distributed to various charitable organizations, as per the trustee's determination. The specific organizations eligible for such distributions are listed on Exhibit III.
What is the revenue of David C Ai Charitable Trust?
David C Ai Charitable Trust's revenue in 2023 was $5,774,205.
Who are the executives of David C Ai Charitable Trust and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for David C Ai Charitable Trust?
David C Ai Charitable Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of David C Ai Charitable Trust
The David C. Ai Charitable Trust is committed to supporting the programs of a local YMCA branch and various other charities. According to its charter, the trustee is responsible for distributing the net income of the charitable trust annually and may distribute a portion of the principal as necessary for the trust's purposes, ensuring the long-term needs of its beneficiaries. A significant portion of the funds is allocated to the Nuuanu YMCA in Honolulu, Hawaii, to support its teen fitness program. Any remaining net income and principal distributions deemed necessary by the trustee are distributed to one or more charitable organizations, as listed in Exhibit III, in the amounts the trustee determines. The David C. Ai Charitable Trust's mission is to contribute to the betterment of various charitable causes, primarily focusing on the wellbeing of young individuals through the YMCA's teen fitness program, while also supporting other deserving organizations.
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 David C Ai Charitable Trust plays a vital role in supporting community wellness and youth development initiatives. By prioritizing the funding of the Nuuanu YMCA in Honolulu, it directly contributes to the enhancement of the Teen Fitness Program, promoting healthy lifestyles among local adolescents. This targeted support not only fosters physical well-being but also encourages social interaction and teamwork among teens.
In addition to benefiting the YMCA, the trust extends its impact to multiple charitable organizations, addressing a range of community needs as determined by the trustee. The flexible funding model allows for responsive allocations based on the evolving requirements of various beneficiaries, ensuring that both net income and principal distributions can be deployed where they are most needed.
Overall, the David C Ai Charitable Trust is dedicated to making a difference in the lives of individuals and families within the Honolulu area, reinforcing the importance of community engagement and support for holistic development. Its mission reflects a commitment to fostering sustainable growth and well-being in the local community.
This information is meant to be a general summary of David C Ai Charitable Trust. 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: $269,370
- Gross Receipts: $18,797,786
Assets and Liabilities:
- Total Assets: $9,123,580
- Total Liabilities: $0
- Net Assets: $9,123,580
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Principal Officer
Steven C Ai
NTEE Category
Code: T90J - Philanthropy
If you are a representative of David C Ai Charitable Trust 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.