Overview
What is Seabold Charitable Trust?
The Seabold Charitable Trust is a philanthropic organization situated in Chicago, Illinois. Its primary mission is to provide financial aid to three esteemed educational institutions: University of the South, Luther College, and Southern Methodist University. The trust actively supports these charities by granting funds to both Southern Methodist University and University of the South. The Seabold Charitable Trust's mission is centered around offering financial assistance to these three esteemed educational establishments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Seabold Charitable Trust has earned a Three-Star rating from Charity Navigator, indicating a fair level of performance in accountability and finance. The overall score is derived from a strong focus on financial metrics, particularly their 100% independent board members and a solid accountability framework. The trust exhibits no material diversion of assets and maintains a sound liabilities to assets ratio of 0.00%.
The organization boasts a program expense ratio of 75.20%, reflecting a strong commitment to channeling funds towards its programs rather than administrative costs. Furthermore, the presence of documented policies regarding conflict of interest and document retention demonstrates a proactive approach to governance and transparency.
However, while the financial indicators are positive, the rating suggests that there is room for improvement in overall performance. The charity might benefit from expanding its focus beyond financial metrics to enhance its impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Seabold Charitable Trust legitimate?
Seabold Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seabold Charitable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $15,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Seabold Charitable Trust?
The Seabold Charitable Trust is committed to supporting three specific charities: the University of the South, Luther College, and Southern Methodist University. Their mission is centered around providing financial assistance to these institutions, contributing to their ongoing operations and development. The trust does not disclose any specific details about the nature of its support or the goals it aims to achieve through these contributions.
Who is the CEO of Seabold Charitable Trust?
Na is the Principal Officer of Seabold Charitable Trust.
What is the revenue of Seabold Charitable Trust?
Seabold Charitable Trust's revenue in 2022 was $92,132.
Who are the executives of Seabold Charitable Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Seabold Charitable Trust?
Seabold Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seabold Charitable Trust
The Seabold Charitable Trust is committed to providing support for three distinguished educational institutions: University of the South, Luther College, and Southern Methodist University. This philanthropic organization dedicates its resources to these charities, offering grants to both Southern Methodist University and University of the South. By doing so, the Seabold Charitable Trust plays a significant role in contributing to their ongoing operations and initiatives. The trust's mission reflects its commitment to these institutions, aiming to foster their growth and success in the realm of education.
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Impact
October, 2024
Seabold Charitable Trust has a significant impact by providing financial support to educational institutions, fostering academic growth and community development. By directing its resources toward the University of the South, Luther College, and Southern Methodist University, the Trust facilitates scholarships, grants, and programs that enhance the educational experiences of students. The funding helps these institutions to maintain and improve their facilities, develop innovative academic programs, and support student services. Ultimately, the Trust’s contributions empower students and enrich the academic environments of these colleges, leading to long-term benefits for the communities they serve.
This information is meant to be a general summary of Seabold Charitable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $92,132
- Gross Receipts: $487,667
Assets and Liabilities:
- Total Assets: $1,234,066
- Total Liabilities: $0
- Net Assets: $1,234,066
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Organization Details
Founding Year
2001
Phone
(312) 630-6000Principal Officer
Na
Main Address
PO BOX 803878, CHICAGO, IL, 60680
NTEE Category
Code: T22 - Philanthropy
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