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- EIN 23-1968136
- (215) 241-7272
- 1700 Market St Ste 1535 Philadelphia PA 19103-3917 USA
- www.friendsfiduciary.org
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Nonprofit Overview
Causes: Financial Institutions
Mission: Within the religious society of friends are many organizations requiring financial services to support their work. Among these organizations are friends meetings, churches, schools, retirement communities and other non-profit friends (continued on schedule o) groups whose purpose is to advance some aspect of the work and faith of the religious society of friends. Friends fiduciary corporation was created to meet this need. More specifically, the purposes of friends fiduciary corporation are to provide socially responsible investment management, fiduciary and charitable giving services for tax-exempt quaker organizations. Investments are made according to our socially responsible investment criteria, guided by friends testimonies and values. As a non-profit, we seek simply to cover our own costs and work to incorporate economies of scale and sound business principles in all our operations.
Programs: Investment management services:friends fiduciary corporation provides prudent, cost effective, institutional investment services for over 380 friends meetings, churches, schools and organizations. Our socially responsible investment activities include screening companies, active voting of proxies and shareholder advocacy, such as shareholder resolutions and company dialogues - all guided by our quaker testimonies, values and concerns.
grantmaking:friends fiduciary corporation serves as fiduciary/trustee for over 70 funds received under will or gift agreement. These funds may benefit specific friends organizations or be available for grants to further the work of friends. In 2017, over 90 grants were made to organizations. These grants supported the work of friends schools, retirement communities, meetings, and other charitable purposes of concern to the religious society of friends.
planned giving:friends fiduciary corporation provides planned giving administrative services. Friends fiduciary corporation has issued 500 charitable gift annuities to benefit the work of quaker organizations within the religious society of friends and the concerns of its members. In 2017, gifts totaling over $900,000 were received to establish charitable gift annuities, which will eventually benefit a variety of quaker organizations working in areas of education, peace, social justice and other charitable purposes of importance to friends.