Did you know that because nonprofit organizations are exempt from paying taxes, everything about their operations can be accessed by the public? Why would you want to access the financials for a nonprofit? Because if you were considering making a donation, you may want to know if 80% of their donations received are going to administrative costs or towards their mission. Most people want their money to go towards the mission of the organization rather than the salaries of employees or administrative costs.
The largest and most prominent group that helps you find out about non-profits is called Guidestar. Their goal is to provide high quality information about US non-profits so that people can better decide who they want to support, donate to, or volunteer for an organization that falls in line with their values. They gather and organize the information for over 2.7 Million nonprofits – including Abingdon Foundation!
For restaurants, there’s Yelp. For real estate, there’s Zillow. For law, there’s LexisNexis. For nonprofits, there’s GuideStar. ~Guidestar
Guidestar rates all of the nonprofits in their database by a Seal of transparency: Bronze, Silver, Gold, and Platinum. I am so excited to say that at the beginning of 2020, Guidestar reached out to Abingdon Foundation and announced that we have a Gold Seal of Transparency! For such a new nonprofit, this is a big deal.
Over 95% of the donations we receive go back to our scholarship program and mission of empowering the female pursuit of non-traditional fields in science, technology, engineering, arts, and mathematics. It warms my heart to know that people like you believe in the same things we believe at the foundation and it is a joy to be recognized by Guidestar for our impact.
2020 is off to a great start. Thank you Guidestar for recognizing the hard work of our past and present boardmembers, our volunteers, donors, and everyone who has helped spread the message of our foundation. Let’s keep going Full STEAM Ahead….