Gabriela Mistral Foundation Inc.
Introduction
The Gabriela Mistral Foundation Inc. is a nonprofit organization designated as a 501(c) organization, operating under the IRS code. It is categorized under International, Foreign Affairs and National Security, with a focus on International Development, Relief Services, according to the National Taxonomy of Exempt Entities (NTEE).
Mission and Purpose
While specific details about the foundation's mission are not readily available, its name suggests a connection to the legacy of Gabriela Mistral, the Chilean poet-diplomat and educator known for her contributions to Latin American literature and cultural identity. Foundations like this often aim to promote education, cultural exchange, and humanitarian efforts inspired by the values and work of their namesakes.
Financial Overview
As of recent financial disclosures, the Gabriela Mistral Foundation Inc. has primarily relied on contributions for its revenue. For instance, in the fiscal year ending December 2022, the foundation reported contributions as the sole source of revenue, amounting to 100% of its total revenue. The financial data also indicates that the foundation has maintained zero liabilities during the years for which data is available.
| Fiscal Year Ending | Total Revenue | Total Expenses | Net Income | Total Assets | Total Liabilities |
|---|---|---|---|---|---|
| December 2023 | $36,267 | $34,324 | $1,943 | $44,327 | $0 |
| December 2022 | $44,807 | Not specified | Not specified | $42,384 | $0 |
| December 2021 | $72,050 | Not specified | Not specified | $72,200 | $0 |
Tax Deductibility
Donations made to the Gabriela Mistral Foundation Inc. are tax-deductible, as the organization is recognized by the IRS as a tax-exempt nonprofit.
Conclusion
The Gabriela Mistral Foundation Inc. operates with a focus on international development and relief, reflecting the broad cultural and educational impact of its namesake, Gabriela Mistral. While detailed mission statements or ongoing projects are not available, the foundation's reliance on contributions for support indicates its commitment to philanthropic activities aligned with its stated NTEE categorization.
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