Overview
What is Raymond James Charitable Endowment Fund?
The Raymond James Charitable Endowment Fund (RJCEF) is a charitable organization based in St. Petersburg, Florida. They specialize in managing donor-advised funds, enabling individuals to simplify their charitable giving and amplify its impact. During the current fiscal year, approximately 7,775 donor-advised funds were in operation. The RJCEF Board of Trustees launched a grant initiative program, awarding grants to a diverse range of 501(c)(3) organizations from both their general funds and donor-advised funds. In total, $372,813,010 was distributed to US tax-exempt organizations in categories such as faith-based organizations (20%), education and schools (11%), social services (13%), various other public charities (44%), medicine and science (6%), arts, culture, and museums (3%), and environment and animal welfare (3%). The RJCEF aims to foster generosity by offering programs that facilitate giving, optimize impact, and bring donors' philanthropic vision to life.
Official website here: www.raymondjamescharitable.org
Is Raymond James Charitable Endowment Fund legitimate?
Raymond James Charitable Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raymond James Charitable Endowment Fund 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: $64,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.raymondjamescharitable.org
What is the mission statement of Raymond James Charitable Endowment Fund?
The Raymond James Charitable Endowment Fund concentrates on encouraging generosity by offering programs to donors, simplifying the giving process, and amplifying the impact of their philanthropic vision. The organization manages donor-advised funds, which have experienced significant growth, with approximately 7,775 funds established during the current fiscal year. The RJCEF Board of Trustees introduced a grant initiative program, allowing applications from various organizations and granting funds from both its general funds and donor-advised funds. During the fiscal year, the RJCEF distributed grants totaling $372,813,010 to a range of IRS-approved, tax-exempt organizations. The charitable grants accounted for 33% of the beginning of the year net assets, amounting to $381,057,948. The grantees spanned a range of categories, including 20% faith-based organizations, 11% education and school organizations, 13% social services organizations, 44% various other public charitable organizations, 6% medicine and science organizations, 3% arts, culture, and museum organizations, and 3% environment and animal organizations.
Official website here: www.raymondjamescharitable.org
Who is the CEO of Raymond James Charitable Endowment Fund?
Erik Fruland is the Trustee/Chairman of Raymond James Charitable Endowment Fund.
Official website here: www.raymondjamescharitable.org
What is the revenue of Raymond James Charitable Endowment Fund?
Raymond James Charitable Endowment Fund's revenue in 2022 was $761,758,301.
Official website here: www.raymondjamescharitable.org
Who are the executives of Raymond James Charitable Endowment Fund and what are their salaries?
- Thomas Wilkins (Trustee/Chairman)
- Lauren Nicole Johnson (Trustee)
- Frances Neu (Trustee)
- Elizabeth Brady (Trustee As Of 11/18/21)
- Jeffrey Gallagher (Trustee As Of 11/18/21)
- Michelle Lynch (Trustee Until 11/18/21)
- Scott Zebra (Trustee As Of 11/18/21)
- Erik Fruland (Trustee/Cfo)
Official website here: www.raymondjamescharitable.org
Where can I find the form 990 for Raymond James Charitable Endowment Fund?
The Raymond James Charitable Endowment Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.raymondjamescharitable.org
Learn more at the official website: www.raymondjamescharitable.org
Mission Statement of Raymond James Charitable Endowment Fund
The Raymond James Charitable Endowment Fund, a leading philanthropic organization, is committed to influencing an increase in generosity by providing programs that simplify giving, maximize impact, and bring donors' philanthropic visions to life. This endowment fund operates primarily through donor-advised funds, which have seen significant growth, with approximately 7,775 funds in operation during the current fiscal year.
The Raymond James Charitable Endowment Fund's Board of Trustees introduced a Grant Initiative Program during the period, accepting applications from various organizations and distributing grants from both its general funds and donor-advised funds. The organization made impressive grants totaling $372,813,010 to a diverse range of U.S. IRS-approved, tax-exempt organizations across various sectors. The categories included 20% faith-based organizations, 11% education and school organizations, 13% social services organizations, 44% various other public charitable organizations, 6% medicine and science organizations, 3% arts, culture, and museum organizations, and 3% environment and animal organizations.
In summary, the Raymond James Charitable Endowment Fund empowers donors by providing them with simplified giving options and maximizing the impact of their charitable donations. By operating donor-advised funds at the core of its charitable operations and granting funds to a wide array of 501(C)(3) public charities, the organization plays a significant role in fostering generosity and supporting various causes that enrich communities and improve lives.
Impact
This information is meant to be a general summary of Raymond James Charitable Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Raymond James Charitable Endowment Fund plays a significant role in supporting philanthropy by operating donor-advised funds that simplify giving and maximize impact. During the current fiscal year, the fund increased its number of donor-advised funds to approximately 7,775. The fund's board of trustees launched a grant initiative program, accepting applications and supporting a variety of organizations from its general funds in addition to grants distributed from donor-advised funds.
In the fiscal year, the fund made grants totaling $372,813,010 to different 501(c)(3) public charities. These grants were spread across various categories, with 20% going to faith-based organizations, 11% to education and school organizations, 13% to social services organizations, and more allocated to medicine and science, arts, culture, environment, and animal organizations. This support represents a significant investment in organizations that are making a difference in their communities and beyond.
Through its efforts, the Raymond James Charitable Endowment Fund is influencing an increase in generosity by providing programs to donors that simplify giving, maximize impact, and make their philanthropic vision a reality. The fund's impact is felt not only in the amount of grants distributed but also in the support it provides to diverse charitable organizations working towards a better future.
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
2000
Phone
(727) 567-4861
Principal Officer
Erik Fruland
Main Address
PO Box 23559, ST PETERSBERG, FL, 33742
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Raymond James Charitable Endowment Fund 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.