THE PURPOSE OF THE FOUNDATION IS TO PURSUE CONTRIBUTIONS FROM RESIDENTS OF WAITE HILL AND EVEN FROM INTERESTED NON-RESIDENTS, WHO WILL VOLUNTARILY CONTRIBUTE ON A TAX DEDUCTIBLE BASIS TO THE VILLAGE FOR IT TO FUND ITS OPERATIONS. HOWEVER, THE DONORS WILL NOT GIVE THE VILLAGE UNFETTERED IMMEDIATE CONTROL OVER THE FUNDS. RATHER, THE FOUNDATION WILL ALLOCATE FUNDS AS NEED FOR VARIOUS VILLAGE PROJECTS. THE INVESTMENT INCOME MAY BE USED FOR DAY-TO-DAY VILLAGE OPERATIONS, BUT ANY FUNDS WITHDRAWN FROM THE PRINCIPAL WILL BE USED FOR LONG-TERM CAPITAL IMPROVEMENTS TO THE VILLAGE. ALSO, TO THE EXTENT THAT THE VILLAGE WOULD QUALIFY FOR OHIO OR FEDERAL AID, THE FOUNDATION WOULD NOT BE CONSIDERED AN AVAILABLE RESOURCE FOR THE VILLAGE SO THAT IT MAY QUALIFY FOR CERTAIN FINANCIAL ASSISTANCE. IN ADDITION, THERE ARE CERTAIN RESTRICTIONS ON MUNICIPALITIES AND VILLAGES IN THE STATE OF OHIO WITH RESPECT TO THE INVESTMENT OF THEIR FUNDS. THIS FUND WOULD NOT BE AN INVESTMENT BY THE MUNICIPALITY, AND WOULD T
Reported officers (all unpaid)
No paid executives reported in 2024. WAITE HILL VILLAGE FOUNDATION reported 3 unpaid officers and board members on its 990.
Revenue and expenses over time
WAITE HILL VILLAGE FOUNDATION reported revenue and expenses across 2 filing years.
What Philanthropy, Voluntarism & Grantmaking executives earn in Ohio
WAITE HILL VILLAGE FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Ohio earns a median of $25,764.
These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 847 organizations across 847 filings (2021 – 2024).
See full Philanthropy, Voluntarism & Grantmaking pay data for Ohio →Common questions about WAITE HILL VILLAGE FOUNDATION
What are WAITE HILL VILLAGE FOUNDATION's revenue and expenses?
In 2024, WAITE HILL VILLAGE FOUNDATION reported $112k in total revenue and $50k in total expenses on its IRS Form 990.
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