Turkish Philanthropy Funds
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Turkish Philanthropy Funds meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to inspire and mobilize innovative, high-impact philanthropy to create a legacy that benefits our communities in Turkey and the United States."
Year, State Incorporated:
2007, DE
Turkish Philanthropy Funds (TPF) reports that it is a Turkish-American community foundation, connecting donors and partners to create lasting social investments. The organization partners with and distributes grants to vetted non-profit organizations that promote equity in education, gender equality, disaster relief, and economic development in Turkey. In 2024, TPF states that it distributed 97 grants.
For the year ended June 30, 2024, Turkish Philanthropy Funds's program expenses were:
Program services: $8,881,753
Total Program Expenses: $8,881,753
Chief Executive
Senay Ataselim Yilmaz, PhD, Executive Director
Compensation*
$242,051
Chair of the Board
Mustafa Kemal Abadan
Chair's Profession / Business Affiliation
Retired, Design Partner, Skidmore, Owings & Merrill LLP
Board Size
23
Paid Staff Size
7
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Direct mail appeals, Radio
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $5,142,857, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Turkish Philanthropy Funds's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Contributions and grants | $4,591,606 |
| Special events, net | $551,251 |
| Interest and dividend income, net | $788,295 |
| Unrealized and realized gain on investments | $1,663,221 |
| Total Income | $7,594,373 |
Programs: 91% Fundraising: 1% Administrative: 7%
| Total Income | $7,594,373 |
| Total expenses: | $9,734,455 |
| Program expenses | $8,881,753 |
| Fundraising expenses | $130,314 |
| Administrative expenses | $722,388 |
| Other expenses | $0 |
| Income in Excess of Expenses | $-2,140,082 |
| Beginning Net Assets | $32,804,780 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $30,664,698 |
| Total Liabilities | $4,597,113 |
| Total Assets | $35,261,811 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance