BBB Wise Giving Report for
Gift of Adoption Fund

BBB Wise Giving Report issued September 2011
BBB Wise Giving Report expires September 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Gift of Adoption Fund
Address: 2001 Waukegan Road,
PO Box 567
  Techny, IL 60082
Phone: 877-205-2367
847-205-2784
Web Address: www.giftofadoption.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1996, Wisconsin
Affiliates: None
Stated Purpose: “to inspire adoption by providing grants to qualified parents and to give children without families permanent homes and the chance to thrive.”

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Evaluation Conclusions

               

Gift of Adoption Fund (GAF) meets the 20 Standards for Charity Accountability.
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Programs

               

GAF provides grants to qualified parents – giving children who need families a permanent home and a chance to thrive. The organization awards grants without regard to race, religion, age or marital status to provide the last funds needed to complete the adoption process.

For the fiscal year ended June 30, 2010, GAF's program expenses were:

  
Grants 491,993
Total Program Expenses: $491,993
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Governance

               

Chief Executive : Pam Devereux, CEO
Compensation*:
 $65,000

Highest Paid Executive: Brian M. Murphy,Chief Operating Officer
Compensation*: $88,000

Chair of the Board: Sharon Komlofske
Chair's Profession / Business Affiliation: Independent Sales Agent, Worth By Design

Board Size: 11

Paid Staff Size: 3

*July 1, 2009 - June 30, 2010 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, Internet appeals, and cause-related marketing.
Fund raising costs were 15% of related contributions. (Related contributions, which totaled $602,065, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on GAF's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
Contributions 412,129
Special events (net) 145,108
In-kind donations 44,828
Gain on investments 24,517
Program service fees 23,880
Interest, dividends and capital gain distributions 5,573
Miscellaneous revenue 1,535
Total Income $657,570


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Uses of Funds as a % of Total Expenses

Programs: 75%  Fund Raising: 14%  Administrative: 11% 

Total income   $657,570
  Program expenses $491,993
  Fund raising expenses 91,842
  Administrative expenses 71,151
 
Total expenses   $654,986
Income in Excess of Expenses   2,584
Beginning net assets   412,047
Ending net assets   414,631
Total liabilities   90,619
Total assets   $505,250

Note: For the fiscal year ended June 30, 2010, GAF's audited financial statements reported in-kind gifts of $44,828 for marketing ($27,299), events ($16,316), depreciation ($5,000), grants ($959), board meetings ($149), and travel ($105).

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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 BBB 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 Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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