Oakland Rotary Endowment

The Oakland Rotary Endowment is a nonprofit organization located in Oakland, California, with the EIN number 94-2434641. It operates under the broad category of philanthropy, voluntarism, and grantmaking foundations, categorized as "N.E.C." (Not Elsewhere Classified) in terms of its tax-exempt status.

Purpose and Activities

The organization focuses on providing educational mentoring and scholarships for young men and women. It supports both local and international projects, aligning with the broader Rotary mission of enhancing communities and fostering global goodwill. The endowment's activities are designed to empower future generations through sustainable projects and educational initiatives.

Financial Overview

As of recent financial records, the Oakland Rotary Endowment reported a revenue of approximately $409,000, with expenses totaling about $422,000. The organization holds total assets valued at around $4.59 million, accompanied by liabilities amounting to about $318,000. The primary sources of revenue include contributions, investment income, and fundraising efforts.

Tax Deductibility

Donations made to the Oakland Rotary Endowment are tax-deductible, offering contributors the opportunity to support charitable causes with financial incentives.

Community Impact

The endowment's efforts are intertwined with those of the Rotary Club of Oakland #3, which is one of the oldest and most prominent Rotary clubs worldwide. Together, they strive to make a positive impact in the community through various service projects, educational initiatives, and international collaborations.

Ratings and Compliance

The Oakland Rotary Endowment has received a 4/4-star rating from Charity Navigator, reflecting its effective management and transparency. However, it has faced issues related to compliance with California state registrations.