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Top Rated

Bob Woodruff Family Foundation

CharityWatch report issued
January 2018

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.
 
$13
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 12/31/2016

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).

$8,300,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $13

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

$8,000,000

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% $9
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 Executive Director $261,430
2 Mary Carstensen Director, National Veterans Intermediary $188,315
3 Brett Morash Director of Operations & Finance $174,488
1
Name: Anne Marie Dougherty
Title: Executive Director
Compensation: $261,430
2
Name: Mary Carstensen
Title: Director, National Veterans Intermediary
Compensation: $188,315
3
Name: Brett Morash
Title: Director of Operations & Finance
Compensation: $174,488

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) 2016 tax filing, BWF reports receiving donated services and use of facilities in 2016 on which it placed a value of $1,355,683 (IRS Form 990, Schedule D, Part XI).

[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) 2016 tax filing, there is a "family relationship" between a BWF co-chairman/co-president, Dave Woodruff, and the vice president, Lee Woodruff. The related co-chairman/co-president and vice president, in addition to being officers of the organization, are also on the board of directors, which consisted of 16 total people in 2016. (See IRS Form 990, Part VII & Schedule O.)
According to the Bob Woodruff Family Foundation (BWF) audit of December 31, 2016 (Note 2, Concentration of Revenue):

"Fifty-six [56] and fifty-four [54] percent of BWF's revenue for the years ended December 31, 2016 and 2015, respectively, is from special events revenue from the Stand Up for Heroes event that BWF holds annually."

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