Overview
What is Wellington Management Foundation?
Wellington Management Foundation is a charitable organization headquartered in Boston, Massachusetts. Committed to enhancing educational opportunities for underprivileged youth, the foundation supports a variety of best-in-class programs and organizations within its communities. In 2022, it extended grants to 92 domestic organizations and 16 foreign ones, with grant sizes ranging from $10,000 to $1,425,000. Wellington Management Company LLP (WMC) covers the foundation's operational expenses, including office space, investment advisory services, and administrative support, amounting to $270,712, at no cost to the foundation. Furthermore, WMC covered additional expenses totaling $129,543 during the same year.
Official website here: www.wellington.com/en/about-us/community-engagement
Is Wellington Management Foundation legitimate?
Wellington Management Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wellington Management 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.
Here 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
Official website here: www.wellington.com/en/about-us/community-engagement
What is the mission statement of Wellington Management Foundation?
The Wellington Management Foundation's mission is centered around supporting top-tier programs and organizations in various communities. Specifically, their focus is on enhancing the educational opportunities for underprivileged youth. They achieve this by providing grants to charitable organizations, with contributions ranging from $10,000 to $1,425,000 in 2022. Wellington Management Company LLP covers the foundation's operational expenses and provides additional support in the form of office space, investment advisory services, and administrative assistance, without charging the foundation. In 2022, Wellington Management Company LLP paid out $129,543 in foundation expenses.
Official website here: www.wellington.com/en/about-us/community-engagement
What is the revenue of Wellington Management Foundation?
Wellington Management Foundation's revenue in 2022 was $5,586,457.
Official website here: www.wellington.com/en/about-us/community-engagement
Who are the executives of Wellington Management Foundation and what are their salaries?
- Wellington Trust Company Na (Trustee)
Official website here: www.wellington.com/en/about-us/community-engagement
Where can I find the form 990 for Wellington Management Foundation?
The Wellington Management Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wellington.com/en/about-us/community-engagement
Learn more at the official website: www.wellington.com/en/about-us/community-engagement
Mission Statement of Wellington Management Foundation
Wellington Management Foundation is committed to boosting the education and educational opportunities for underprivileged youth in various communities. This nonprofit organization achieves its mission by providing financial support to top-tier programs and organizations. In 2022 alone, Wellington Management Foundation funded 92 domestic organizations and 16 international ones, with grant sizes ranging from $10,000 to an impressive $1,425,000. It's worth noting that Wellington Management Company LLP (WMC) covers the operational expenses of the foundation, including office space, investment advisory services, and administrative support, amounting to $270,712, all at no cost to the foundation. Furthermore, during 2022, WMC paid a total of $129,543 for the foundation's expenses. By offering these resources, Wellington Management Foundation plays a significant role in empowering under-resourced youth through access to quality educational programs.
Impact
This information is meant to be a general summary of Wellington Management Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Wellington Management Foundation's impact lies in its substantial support for best-in-class programs and organizations that improve education and educational opportunities for under-resourced youth. In 2022, the foundation funded a total of 108 organizations, both domestic and foreign, with grants ranging from $10,000 to $1,425,000. This level of financial assistance directly contributes to enhancing the lives and future prospects of disadvantaged young people, thereby making a meaningful difference in their communities. Additionally, Wellington Management Company LLP covers the foundation's operating expenses and provides crucial support services at no charge, demonstrating a strong commitment to maximizing the impact of the foundation's philanthropic efforts.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1992
Phone
(617) 951-5000
Main Address
280 CONGRESS STREET, BOSTON, MA, 02210
NTEE Category
Code: T70Z - Philanthropy
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