Ethical Gold Foundation

Advancing the ethical, equitable and sustainable use of natural resources.

Albany, CA

Mission

The Ethical Gold Foundation's mission is to advance the ethical, equitable and sustainable use of natural resources.

Ruling year info

2012

Director

Michael A Scott

Main address

813 Talbot Ave

Albany, CA 94706 USA

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EIN

27-4756404

NTEE code info

Recycling (C27)

Water Resource, Wetlands Conservation and Management (C32)

IRS filing requirement

This organization is required to file an IRS Form 990-N.

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Gold mining creates staggering environmental impacts and social strife worldwide. Buying a single ounce of mined gold requires digging, blasting and pollution and generates about: * 11,000 kilowatt hours of electricity from burning coal and oil, or enough to run a U.S. home for 1 year * 300 gallons of water from pollution by heavy metals such as arsenic, lead and/or mercury * 250 TONS of waste earth/soil/rock from digging, blasting, removal and dumping * 70 pounds of raw cyanide from poisoning rivers, lakes and freshwater sources * 5 grams of mercury from dumping into water that poisons rivers, streams and wildlife * 3 TONS of carbon dioxide, a greenhouse gas that is rapidly heating the atmosphere * Natural landscapes destroyed by mining craters, refuse and blasting Gold commerce also creates serious social issues including: * Blood Gold * Child Labor * Forced Labor * Indigenous Community Impact * Human Rights Violations * Resource hoarding

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Advancing the ethical, equitable and sustainable use of natural resources

Advancing the ethical, equitable and sustainable use of natural resources

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We are people concerned by two critical issues: the dwindling funding for nonprofits and the vast global environmental destruction created by the gold mining industry. Our pioneering movement promotes the gifting of gold property for conversion into charitable dollars that will advance a safer and more equitable society. Ethical Gold products avoid the staggering environmental impacts and social strife created by gold mining enterprises worldwide. Buying one ounce of Ethical Gold protects our fragile home planet from gold mining’s extreme digging, blasting and pollution. Egf is a trusted partner that transforms donated gold into:

* New charitable dollars for nonprofits advancing health, fighting disasters, supporting social movements, education, human rights, animal rights, environmental issues and other critical global challenges.
* A source of ethically sourced gold unblemished by pollution or social impacts
* Reducing the massive environmental and social footprint caused by ordinary gold commerce

We create gold grants for nonprofits.
Charities now have a new source of funding from donated gold. Unlike cash gifts, donated gold property presents several challenges, like: how to turn valuable tangible property into charitable dollars? What kind of gold is it? What is its value? How to keep the property safe? How will it benefit the charity? We solve these issues with a clear nonprofit conversion process that accepts gifts of gold property, prepares it for sale, markets and sells it, and then grants 100% of the net proceeds directly to the donor’s recommended charity. Donors value this new way to support charitable work because it also creates measurable environmental benefits and reduces social strife created by gold mining enterprises.

How it works:
The Donor
* Pledges the gift online, recommends your charity as the beneficiary, and ships the donated gold property to egf

The Ethical Gold Foundation
* Securely receives the property and provides a gift receipt to the donor
* Curates the property, prices, markets and sells it online, and then ships the goods to the buyer
* Remits 100% of the net amount directly to the donor’s recommended charity as an unrestricted award

The Beneficiary Charity
* Receives the monetary award from the foundation, for unrestricted use
* That’s it!

The Ethical Gold Foundation specializes in creating new nonprofit funding and reduce the gigantic environmental and social impacts created by gold mining. We do this by converting donated gold into charitable dollars for nonprofits and creating gold products sourced without hurting people or the planet. We solve the challenges of donating tangible gold property to charity, including: converting property into charitable dollars; determining the type of gold; keeping it safe; and maximizing the charitable benefit. Our transparent conversion process accepts gifts of gold property, prepares it for sale, markets and sells it, and then grants 100% of the net proceeds directly to the donor’s recommended charity. Each ounce of donated gold produces about $1,700 in charitable dollars and prevents a staggering environmental footprint. We award grants only to charities in the United States with valid IRS 501(c)(3) status that do not promote hatred, violence or racism.

Why donate gold?
We help donors turn oldish gold into new funding for your favorite charity, qualify for a tax benefit, and reduce the environmental damage and social impacts from global gold mining enterprises. Donated gold property is securely received, respectfully handled, thoughtfully curated, and sold online through a transparent process that transfers 100% of the net sale to your recommended charity, without restrictions or strings attached.

How it works:
The Donor
* Pledges the gift online, recommends your charity as the beneficiary, and ships the donated gold property to egf

The Ethical Gold Foundation
* Securely receives the property and provides a gift receipt to the donor
* Curates the property, prices, markets and sells it online, and then ships the goods to the buyer
* Remits 100% of the net amount directly to the donor’s recommended charity as an unrestricted award

The Beneficiary Charity
* Receives the monetary award from the foundation, for unrestricted use
* That’s it!

We are currently completing our systems infrastructure including website, CRM and other items in order to initiate operations.

Financials

Ethical Gold Foundation
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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  • Compare nonprofit financials to similar organizations

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Ethical Gold Foundation

Board of directors
as of 07/15/2020
SOURCE: Self-reported by organization
Board chair

Michael Scott

Ethical Gold Foundation

Term: 2019 - 2021

Marc Teitelbaum

Jose Borges

Forest Trends