National Association of State Treasurers Foundation Inc

Overview

The National Association of State Treasurers Foundation Inc., often abbreviated as NAST Foundation, is a nonprofit organization dedicated to supporting the educational and professional development of state treasurers and their staffs across the United States. Established with an Employer Identification Number (EIN) of 61-1370611, the foundation operates under the broader umbrella of the National Association of State Treasurers (NAST).

Purpose and Activities

The core mission of the NAST Foundation is to provide financial and in-kind support to state treasurers and their teams, enhancing their capacity to manage public finances effectively. By doing so, the foundation contributes to the advancement of public finance practices and policies at the state level. It aligns with NAST's goals of leadership, education, collaboration, and advocacy in public finance.

Financial Profile

The NAST Foundation's financial operations primarily rely on contributions, as noted in their financial reports. In recent years, contributions have made up 100% of their total revenue, with no income generated from investments or other revenue streams. The foundation manages its finances carefully, ensuring a strong asset base with minimal liabilities.

Governance and Leadership

The leadership and governance structure of the NAST Foundation are closely tied to the broader NAST organization. While specific board members are not explicitly listed for the foundation, its activities are guided by the goals and objectives set forth by NAST. The foundation benefits from the expertise of state treasurers and finance professionals who serve as ex-officio members or advisors.

Evaluation

The NAST Foundation has been evaluated by charity assessment platforms. On Charity Navigator, it holds a 2/4 Star rating, which reflects its operational efficiency and transparency. The foundation's efforts are crucial for enhancing the professional capabilities of state finance officials, contributing to better public finance management and policy-making at state levels.

Affiliations

The NAST Foundation is part of a network that includes several related initiatives and organizations focused on public finance and financial education. These include programs like ABLE today, which promotes financial inclusion for individuals with disabilities, and the College Savings Plans Network, which offers resources on 529 plans for college savings.

While this article provides a structured overview of the National Association of State Treasurers Foundation Inc., it focuses on available public information and may not cover all aspects of the organization's activities or governance.