Invest in Others Charitable Foundation, Inc.
Invest in Others Charitable Foundation, Inc.
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About this organization
Mission
The Invest in Others 501(c)(3) Charitable Foundation is supported by the financial services industry to amplify the charitable work of financial advisors, employees, and their firms. Invest in Others is a catalyst to channel philanthropy and volunteerism to where it is needed most.
About
The Invest in Others Awards Program (the program) recognizes the charitable work of financial advisors in communities across the country and around the world. Financial advisors are nominated for one of the following five awards: Catalyst, Community Service, Global Impact, Volunteer of the Year, and Lifetime Achievement. Advisor finalists and winners receive a donation to their designated charities; finalists receive $10,000, winners receive $40,000, and the Lifetime Achievement Award winner receives $50,000. These amounts may increase depending on funds raised during the year. Sixty honorable mentions may also receive donations of $1,000 each depending on funds raised. Awards are presented at the annual gala each fall. Additionally, Invest in Others offers opportunities throughout the year for financial advisors to apply for grants on behalf of charities to support specific projects or programs.
Interesting data from their 2020 990 filing
The purpose of the non-profit is stated in the filing as “To amplify the charitable work of financial advisors, employees, and their firms, and to serve as a catalyst to channel philanthropy and volunteerism to where it is needed most.”.
Their activities were defined as: “To amplify the charitable work of financial advisors, employees, and their firms, and to serve as a catalyst to channel philanthropy and volunteerism to where it is needed most.”.
- As per legal requirements, the non-profit's state of operation is reported as MA.
- The non-profit's address in 2020 as per the filing is 10 STEVENS STREET 237, ANDOVER, MA, 01810.
- The form of the non-profit organization shows 4 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$7,466.
- The organization has 35 independent voting members.
- The organization was formed in 2006.
- The organization pays $576,880 in salary, compensation, and benefits to its employees.
- The organization pays $161,494 in fundraising expenses.
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