Is Fred H And Mary S Dore Charitable Ffoundation Legit?

The Fred H And Mary S Dore Charitable Foundation operates as a private foundation, primarily distributing grants. Its financial health appears stable, with assets consistently above $2.7 million in recent years, reaching $3,027,892 in 2023. While revenue has fluctuated, with a notable high of $245,528 in 2023, the foundation consistently expends funds, often exceeding its annual revenue, indicating active grantmaking. For instance, in 2022, expenses were $177,445 against revenue of $87,923. Spending efficiency is generally high for a grant-making foundation, as most expenses are direct grants. The absence of officer compensation reported across all filings suggests that administrative costs are likely minimal and primarily related to operational overhead for grant distribution. This structure inherently promotes a high program spending ratio. Transparency is strong, as evidenced by consistent IRS 990 filings over a decade and the clear reporting of zero officer compensation. The foundation's financial data is readily available, allowing for public scrutiny of its grantmaking activities and financial management.