The Benevolent Fund of Motorsports (INDYCAR Benevolent Foundation)
The Benevolent Fund of Motorsports (INDYCAR Benevolent Foundation)
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About this organization
Mission
The INDYCAR Benevolent Foundation’s mission is to provide support and resources to members of the INDYCAR sanctioned motorsports community during times of hardship.
About
Our purpose is to to provide charity and financial assistance during times of hardship, injury, illness or death to licensed participants of the INDYCAR sanctioned motorsports community including race car drivers and their families, race team members and their families, accredited media, INDYCAR personnel, event promoter staff, and other licensed entrants supporting the INDYCAR motorsports industry. With the help of many supporters from the general public including valued fans of the sport, the greater motorsports community, as well as others in the extended family, since its inception the foundation has been able to successfully raise more than $2 million in funds to provide a wide range of help to numerous members of the motorsports community experiencing hardships.
Interesting data from their 2020 990 filing
The purpose of the non-profit is listed in the filing as “To provide charity and financial assistance to individuals and families who have participated in motor sports who are in need due to death, injury or illness.”.
When discussing its operations, they were characterized as: “To provide charity and financial assistance to individuals and families who have participated in motor sports who are in need due to death, injury or illness.”.
- The non-profit's legally reported state of operation is IN.
- The filing states that the non-profit's address in the year 2020 is 7921 PINEWOOD CT, INDIANAPOLIS, IN, 46214.
- The form submitted by the non-profit for 2020 shows a total of 0 employees.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $21,291.
- The organization has 11 independent voting members.
- The organization was formed in 1997.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.