Million Dollar Round Table Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 366080766 ✦ Park ridge, IL ✦ Designated as a 501(c)(3)

Overview

What is Million Dollar Round Table Foundation?

The Million Dollar Round Table Foundation is a charitable organization, serving as the philanthropic arm of Million Dollar Round Table (MDRT), a global association of financial services professionals. Located in Park Ridge, Illinois, the foundation provides grant funding to a diverse range of charitable programs worldwide. Their grant allocation process is based on a thorough application process, foundation policy, or the discretion of the Board of Trustees. Only eligible organizations, operating as non-profit entities for charitable purposes, are considered for funding. The mission of the Million Dollar Round Table Foundation is to encourage involvement and generosity from MDRT members and the broader industry, while supporting worthy charitable organizations globally, thereby demonstrating the impact and compassion of its members.


Official website here: www.mdrtfoundation.org

Is Million Dollar Round Table Foundation legitimate?

Million Dollar Round Table Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Million Dollar Round Table 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.mdrtfoundation.org

What is the mission statement of Million Dollar Round Table Foundation?

The Million Dollar Round Table Foundation, serving as the charitable arm of Million Dollar Round Table, a global association of financial services professionals, has a mission to encourage participation from its members and contribute funds to worthy charitable organizations worldwide. The foundation demonstrates the generosity, service, and impact of its MDRT members by donating to various charitable organizations globally. The Million Dollar Round Table Foundation provides grant funding to a diverse range of charitable programs worldwide, determining award recipients through a grant application process, foundation policy, or the Board of Trustees. All grant recipients must meet eligibility requirements, operating as not-for-profit entities with charitable purposes.


Official website here: www.mdrtfoundation.org

Who is the CEO of Million Dollar Round Table Foundation?

Michele L Stauff is the Principal Officer of Million Dollar Round Table Foundation.


Official website here: www.mdrtfoundation.org

What is the revenue of Million Dollar Round Table Foundation?

Million Dollar Round Table Foundation's revenue in 2022 was $3,474,556.


Official website here: www.mdrtfoundation.org

Who are the executives of Million Dollar Round Table Foundation and what are their salaries?

Here are 22 key members and their salaries:

    Michele Stauff (Executive Director)
  • Compensation: $0
  • Related: $180,774
  • Other: $17,277

    • Karen Matts (Global Development Manager)
  • Compensation: $0
  • Related: $116,828
  • Other: $12,784

    • Timothy Clairmont (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas R Mccoy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Simon Gibson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Priti Kucheria (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pecky Wong (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mohamad Abdullah (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael P Austin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Hanna (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Nichols (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Silbernagel (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry D Semler (Trustee Emeritus)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jay Definis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Green (Executive Committee Liaison) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Heather Lindsley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elaine Milne (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Walsh (Immediate Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Lord (Officer/Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alessandro Forte (Officer/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aleen M Swofford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrian Baker (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mdrtfoundation.org

    Where can I find the form 990 for Million Dollar Round Table Foundation?

    The Million Dollar Round Table Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mdrtfoundation.org

    Learn more at the official website: www.mdrtfoundation.org

    Mission Statement of Million Dollar Round Table Foundation

    The Million Dollar Round Table Foundation, acting as the charitable arm of Million Dollar Round Table, serves a noble mission. This mission is centered around encouraging and facilitating participation from its members and the broader financial services industry, while simultaneously channeling resources to deserving charitable organizations worldwide. The foundation's primary objective is to showcase the benevolence, service, and far-reaching impact of its MDRT members.

    In pursuit of its mission, the Million Dollar Round Table Foundation extends grant funding to a wide array of charitable programs globally. The process for awarding these grants is meticulous, involving a grant application procedure, adherence to foundation policies, or approval from the Board of Trustees. All recipients of these grants must meet stringent eligibility requirements, including operating as non-profit entities with a charitable purpose. The foundation's generosity spans across multiple continents, making a tangible difference in countless lives.

    Impact

    This information is meant to be a general summary of Million Dollar Round Table Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Million Dollar Round Table Foundation's impact is significant in supporting charitable organizations worldwide. Through its grant funding initiatives, the foundation provides crucial financial support to a diverse range of charitable programs. These grants are awarded based on a thorough application process, foundation policies, and the decisions of the Board of Trustees. By channeling funds to worthy causes, the foundation exemplifies the generosity, service, and positive impact of MDRT members on a global scale.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,594,876
  • Program Service Revenue: $0
  • Gross Receipts: $8,432,940

    • Assets and Liabilities:
  • Total Assets: $32,121,511
  • Total Liabilities: $111,397
  • Net Assets: $32,010,114
  • Organization Details

    Founding Year

    1959

    Principal Officer

    Michele L Stauff

    Main Address

    325 W TOUHY AVENUE, PARK RIDGE, IL, 60068

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Million Dollar Round Table Foundation 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.