Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1975.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
10 people listed on the 990.
Charles Symington’s $22K as President & CEO is at the 3rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides financial assistance and grants to insurance industry personnel affected by catastrophic events, while also supporting scholarships and educational research projects.
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The focus of the foundation's programs are to provide financial assistance to insurance industry personnel impacted by catastrophic occurrences not covered by their own insurance or other grants and funding sources. For the year ended august 31, 2022, the organization awarded over $100,000 in grants to qualified recipients.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $927K | $843K |
| Total assetsLn 16 | $927K | $843K |
| LiabilitiesLn 26 | $761 | $0 |
| Net assetsLn 32 | $926K | $843K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $121K | $121K | ||
| Grants to domestic individualsLn 2 | $6K | $6K | ||
| Office expensesLn 13 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $125 | $125 | ||
| Total functional expensesLn 25 | $129K | $127K | $1K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $4K | $17K | −$13K | $941K | 990 PDF |
| FY2023 | $300K | $190K | $110K | $954K | 990 PDF |
| FY2022 Viewing | $46K | $129K | −$83K | $843K | 990 PDF |
| FY2021 | $175K | $733K | −$558K | $926K | 990 PDF |
| FY2020 | $2.8M | $1.4M | $1.3M | $1.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $46,085 across 3 lines filed
Part IX · Statement of functional expenses $128,791 across 4 lines filed
Part X · Balance sheet $843,269 assets, 7 lines filed
Part XI · Reconciliation of net assets $843,269 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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