Nothing justifies. United Negro College Fund grants scholarships to beneficiaries. 299 Market Street Suite 250 Education, }); Frequency Retirement Plan for the Employees of the United Negro College Fund currently has over 400 active participants and over $27.6M in plan assets. Because we do not have sufficient funds. Our estimates rely on data made public by United Negro College Fund on its website, annual reports, financial statements and Form 990s. BBB Business Profiles may not be reproduced for sales or promotional purposes. Our member hbcus are known for their achievements in undergraduate education, but they also have impressive results in research that benefits their states, regions, the country and the world. EIN: 13-1624241. Be the first to review! We do not assess what explains the nonprofit's cost-effectiveness. 5.15 Here's a look at his charity work. }); Frequency Output data collected during the program. Are you the representative for this organization? Saddle Brook, NJ 07663 Annual, Please share with this organization: 13-1624241, Board Leadership Accountability & Transparency Performance Metrics, Charities Performing Similar Types of Work. 215 reviews, Rating: Cultural & Ethnic Awareness, This charity has reported a measure of cost-effectiveness: how much impact (per dollar) your donation will have on the charity's social outcome. Monthly Would you like us to email someone and CC you? Impact assessments of postsecondary scholarship programs are based on income generated relative to cost. 5.23 Read more: JPMorgan pinpoints the triggers for a bond sell-off that can cause unusually large losses in everything from stocks to gold — and lays out how to be ready for it (edited). UNCF is headquartered at 1805 7th Street, NW in Washington, D.C. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. My name, email, and postal address Moreover, Smith restored the historic Lincoln Hills fly-fishing resort in Colorado, which hosts 6,000 inner-city children and a few hundred wounded veterans each summer, he said in a 2018 interview. Quarterly 08/24/2011, Rating: Anything more than 200K is outlandish and unjustified. United Negro College Fund publicly reports data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates. Reasons for BBB Rating. The United Negro College Fund (UNCF) was founded on April 25, 1944 in Washington, D.C. by Frederick Patterson, president of the Tuskegee Institute, and Mary McLeod Bethune, an adviser to the Franklin Roosevelt Administration, to provide a steady, consistent stream of funding to 27 financially struggling small historically black colleges and universities (HBCUs) scattered across the south. Email [email protected] (Theron Mohamed). 8260 Willow Oaks Corporate Dr. Fairfax, VA 22031. Please try again.   Web Site 5.22 Method for Attributing Outcomes We estimate the increase in income caused by a nonprofit's scholarship program in two steps. Also, many businesses are closed, suspended, or not operating as usual, and are unable to respond to complaints and other requests. The result is the number of scholars whose graduation was caused by the nonprofit. Wow, now that's charity- pay yourself first, right? EIN: Help Charity Navigator rate more organizations with your tax-deductible donation. tel: (800) 331-2244 Log In or Register Now to View Forms 990! How hypocritical, arrogant, and greedy of this Non-Profit to abuse their tax exempt status and use tax payer subsidy to enrich themselves.. tel: (800) 331-2244 2. Smith is the co-founder and CEO of Vista Equity Partners and the wealthiest Black American with an estimated $6 billion fortune. This plan is in the top 15% of plans for Company Generosity. This plan has a BrightScope Rating of 72. The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF). 1805 7th Street, NW Your generous gift helps our students continue their education online. BBB of Eastern & Southwest Missouri & Southern Illinois. Headquarters Washington, District of Columbia. Fiscal Year End Mar 31, 2014. Should You Buy that Charity Affiliated Product? francene https://greatnonprofits.org/org/united-negro-college-fund-inc BBB Business Profiles are provided solely to assist you in exercising your own best judgment. 5.18 Justice Department and IRS officials are determining whether Smith has to pay taxes on about $200 million of assets that flowed from his first private equity fund through offshore structures and into his Fund II Foundation, Bloomberg said. My name, email, and postal address Annual, Please share with this organization: Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. How BBB Processes Complaints and Reviews. "I will never forget that my path was paved by my parents, grandparents and generations of African-Americans whose names I will never know," he said. Donor These […] Share this review: Retirement Plan for the Employees of the United Negro College Fund is a defined contribution plan. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first. Quite outrageous, but typical, that this Non-Profit, with annual revenues of over $200 million, gave their employees a 3% pay raise despite their annual revenues DECLINING by 17.5% from 2008 to 2009, and they still managed an average employee salary of over $75,000 per year- almost DOUBLE the median American household income. Read more. As a matter of policy, BBB does not endorse any product, service or business. Chair, CEO ImpactMatters analyzed publicly available data to rate the cost-effectiveness of United Negro College Fund. Without UNCF, funds for college would not be available for low-income students. Arts & Culture, Is this Impact Information useful in your decision making? Website (703) 205-3400. EIN: 13-1624241. Fund II also gifted $20 million to Cornell University to provide scholarships, graduate fellowships, and program funding for underrepresented students in STEM fields. Facebook What do you think? A free inside look at company reviews and salaries posted anonymously by employees. Work of large scholarships and programs established by benefactors have also been impactful. Civil Rights, Social Action & Advocacy, In addition, some of their scholarship programs support majority students. 13-1624241, Board Leadership BBB remains operational and focused on serving our business community and our consumers throughout this crisis. BBB is here to help. Scholarships, Please check out resources available to you at BBB.org/coronavirus. All data for Financial Performance Metrics calculations was provided by UNCF on recent 990s filed with the IRS. 12/19/2012, Rating: Dear First Name, Your generous gift helps our students continue their education online. Should You Buy that Charity Affiliated Product? It donated $27 million to The Susan G. Komen Breast Cancer Foundation, $48 million to The United Negro College Fund, and $54 million to The National Park Foundation to acquire the homes of … President, CEO, UNCF BRIDGE ID: 3108588923. This rating was published 04/01/2020 and includes data from FY2019, the most recent 990 received at that time. We apply the earnings boost owing to a degree to those scholars whose graduation was caused by the nonprofit. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. click here to access the application form. Education : Scholarship and Financial Support, 1805 7th Street, NW Washington, DC 20001 BBB remains operational and focused on serving our business community. Smith is the only Black American to sign famed investor Warren Buffett's Giving Pledge, a non-binding commitment to donate the majority of his wealth to charitable causes. 3,857 pageviews, Share this Nonprofit Since its inception in 1944, UNCF has grown to become the nation's oldest and most successful African American higher education assistance organization. $(document).on("click", ".orgSiteLink", function (e) { One Time Programs receive a 5/5 assessment if they increase income for a recipient by more than $1.50 for every $1 spent and a 4/5 assessment if income increases by more than $0.85 for every $1 spent. President, CEO. Smith spent $34 million of his fortune to erase the student debt of the 2019 graduating class of Morehouse College, a historically Black men's college in Atlanta. Visit Web Site