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Top Rated

Bob Woodruff Family Foundation

CharityWatch report issued
October 2020

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
82%
Program Percentage
Amount spent on programs
relative to overhead.
 
$6
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Bob Woodruff Family Foundation
1350 Broadway
Suite 905
New York, NY 10018

Other Names

Bob Woodruff Foundation

Tax Status

501(c)3

Stated Mission

To find, fund, and shape innovative programs that help our impacted veterans, service members, and their families thrive.

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Data based on Fiscal Year Ended 12/31/2019

Program Percentage: 82%

The percentage of Bob Woodruff Family Foundation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$12,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $6

How many dollars Bob Woodruff Family Foundation spends on fundraising to raise each $100 of contributions.

$20,000,000

Calculated Total Contributions

(rounded)

Joint Costs

Bob Woodruff Family Foundation's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
85% $4
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Bob Woodruff Family Foundation IRS Form 990 26-1441650
Bob Woodruff Family Foundation Audited Financial Statements 26-1441650
Entity: Bob Woodruff Family Foundation
Document Type: IRS Form 990
Tax ID: 26-1441650
Entity: Bob Woodruff Family Foundation
Document Type: Audited Financial Statements
Tax ID: 26-1441650

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Bob Woodruff Family Foundation
meets governance benchmarks.
 
Bob Woodruff Family Foundation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Anne Marie Dougherty CEO $375,998
2 Stanley Marshall Lauck Chief Growth & Marketing Officer $287,393
3 Nancy Berglass President, National Veterans Intermediary $268,533
1
Name: Anne Marie Dougherty
Title: CEO
Compensation: $375,998
2
Name: Stanley Marshall Lauck
Title: Chief Growth & Marketing Officer
Compensation: $287,393
3
Name: Nancy Berglass
Title: President, National Veterans Intermediary
Compensation: $268,533

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 1 re: In-Kind Contributions), BWF reports receiving in-kind contributed goods and services in 2019 on which it placed a total value of $1,834,111.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 2, Concentrations of Risk, Concentration of Revenue):

"Twenty-six [26] and thirty-five [35] percent of BWF's revenue for the years ended December 31, 2019 and 2018, respectively, is from special event revenue from the Stand Up for Heroes event that BWF holds annually.

"Total contribution revenue for the years ended December 31, 2019 and 2018, consists of 85% and 73% from two donors, respectively."

According to the Bob Woodruff Family Foundation (BWF) 2019 tax filing re: the existence of a family or business relationship among officers, directors, trustees, or key employees (IRS Form 990, Part VI, Section A, line 2), BWF reports:

"Dave Woodruff and Lee Woodruff – family relationship" (IRS Form 990, Schedule O).


BWF reports that Dave Woodruff is Co-Chairman, and Lee Woodruff is Vice President. In addition to being officers of the organization, they are also on the board of directors, which consisted of 14 people at year-end 2019 (IRS Form 990, Parts VI & VII).

According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 11, Commitments, Hotel Agreement):

"BWF entered into an agreement with a hotel for guest rooms, meeting space, food, and beverages for the 2020 annual Stand Up For Heroes event.

"The minimum fee for guest rooms, meeting rooms, food, and beverage is $96,599. In the event the annual event is cancelled, BWF is required to pay liquidating damages for the amount of anticipated revenues lost by the hotel. The liquidating damage[s] will be prorated based on the timing of cancellation from the first contracted room arrival..."

According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2019 (Note 1 re: Subsequent Events):

"...The Coronavirus Disease 2019 (COVID-19) has recently affected global markets, supply chains, employees of companies, and our communities. Specific to BWF, COVID-19 may impact various parts of its 2020 operations and financial results including the amount of contributions that BWF will receive as a result. Management believes that BWF is taking appropriate actions to mitigate the negative impact. However, the full impact of COVID-19 is unknown and cannot be reasonably estimated as of December 31, 2019."

According to the Bob Woodruff Family Foundation (BWF) 2019 tax filing, BWF reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a):

"Stanley Kroder, severance payment, $13,333."


Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):

"Bonuses may be provided to employees at the discretion and approval of the Chief Executive Officer. The Chief Executive Officer's bonus would be approved by governance."


BWF reports "Bonus & incentive compensation" payments to five individuals in 2019, including to Anne Marie Dougherty, Chief Executive Officer, in the amount of $117,500. Dougherty's reported total compensation in 2019 is $375,998. The other reported "Bonus & incentive compensation" amounts range from $56,250 to $28,125, with associated total compensation ranging from $287,393 to $167,049 (IRS Form 990, Schedule J, Part II).


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