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Vertuassets Foundation Inc

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

EIN: 822328799 ✦ Alpharetta, GA ✦ Designated as a 501(c)(3)

Overview

What is Vertuassets Foundation Inc?

Vertuassets Foundation Inc is a nonprofit organization based in Alpharetta, Georgia. Their primary mission is to facilitate charitable donations of assets from individuals and businesses. By enabling the donation of appreciated assets, they aim to increase the financial resources given to nonprofit organizations. Vertuassets Foundation reaches out to those who wish to make a charitable contribution from their wealth, thereby amplifying the impact on causes that benefit those in need.


Official website here: www.vertuassets.org

Is Vertuassets Foundation Inc legitimate?

Vertuassets Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vertuassets Foundation Inc 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.vertuassets.org

What is the mission statement of Vertuassets Foundation Inc?

Vertuassets Foundation Inc aims to facilitate the donation of assets to fund causes that benefit those in need. By reaching out to individuals and businesses who wish to charitably give from their wealth, Vertuassets enables the transfer of appreciated assets to non-profit organizations. This approach results in increased financial resources being made available to support various charitable initiatives. The organization plays a crucial role in connecting generosity with impact, thereby amplifying the positive impact on communities.


Official website here: www.vertuassets.org

Who is the CEO of Vertuassets Foundation Inc?

Pamela Pugh is the President/Director of Vertuassets Foundation Inc.


Official website here: www.vertuassets.org

What is the revenue of Vertuassets Foundation Inc?

Vertuassets Foundation Inc's revenue in 2022 was $37,486,655.


Official website here: www.vertuassets.org

Who are the executives of Vertuassets Foundation Inc and what are their salaries?

Here are 3 key members and their salaries:

    Pamela Pugh (President/Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dana E Ring (Secr./Treas./Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Tyler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.vertuassets.org

    Where can I find the form 990 for Vertuassets Foundation Inc?

    The Vertuassets Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.vertuassets.org

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

    Mission Statement of Vertuassets Foundation Inc

    Vertuassets Foundation Inc, a mission-driven organization, focuses on facilitating the donation of assets to fund causes that benefit those in need. By reaching out to individuals and businesses with a charitable inclination from their wealth, Vertuassets enables more financial resources to be channeled towards non-profit organizations. In simpler terms, this foundation serves as a bridge, connecting those who wish to make a difference through asset donations with the organizations that require such resources to make a meaningful impact.

    Vertuassets Foundation Inc's primary objective is to enable the donation of appreciated assets to fund causes that benefit individuals in need. The organization identifies and approaches individuals and businesses with a philanthropic mindset, encouraging them to donate their assets rather than selling them and donating the proceeds. This approach allows donors to maximize their tax benefits while making a significant contribution to the non-profit sector.

    Moreover, Vertuassets Foundation Inc's efforts are geared towards broadening the pool of financial resources available to non-profit organizations. By enabling asset donations, the foundation helps these organizations to increase their financial capacity, enabling them to expand their reach and deliver more comprehensive services to their beneficiaries. In essence, Vertuassets Foundation Inc acts as a catalyst, empowering donors and non-profits alike to work together to create a positive impact on the lives of those in need.

    Impact

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




    Thursday, August 15, 2024

    Vertuassets Foundation Inc's impact lies in enabling donations of assets to fund causes benefiting those in need. By reaching individuals and businesses with a desire to give charitably from their wealth, Vertuassets facilitates the donation of appreciated assets, thereby increasing financial resources available to nonprofit organizations. This effectively amplifies the impact of charitable contributions, making a tangible difference in addressing needs within communities and supporting various philanthropic endeavors.





    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: $1,652,364
  • Program Service Revenue: $0
  • Gross Receipts: $75,207,270

    • Assets and Liabilities:
  • Total Assets: $22,054,666
  • Total Liabilities: $100,020
  • Net Assets: $21,954,646
  • Organization Details

    Founding Year

    2017

    Principal Officer

    Pamela Pugh

    Main Address

    PO BOX 448, ALPHARETTA, GA, 300090448

    NTEE Category

    Code: T30 - Philanthropy

    If you are a representative of Vertuassets Foundation Inc 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.