Overview
What is Mary Adelaide Gardner Scholarship Trust?
The Mary Adelaide Gardner Scholarship Trust is a nonprofit organization based in Cincinnati, Ohio. Its primary mission is to provide financial support to students pursuing their education at the Michigan State University School of Journalism, as outlined in its governing documents. The trust's distributions will be utilized to fund scholarships for these students, thereby contributing to the nurturing of future journalists.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star Rating)
The Mary Adelaide Gardner Scholarship Trust has received a rating of 60%, which equates to a Two-Star rating based primarily on its accountability and finance practices. The score is significantly influenced by its lack of independent board members, which raises concerns regarding governance and oversight within the organization. While it has demonstrated a strong program expense ratio of 74.64%, the absence of certain policies and transparency measures indicates areas needing improvement.
One positive aspect is that the trust has not experienced any material diversion of assets, reflecting a solid financial integrity. However, the absence of a whistleblower policy and a document retention policy indicates potential weaknesses in accountability practices. Additionally, the charity's website was not listed on its tax form, which may hinder transparency efforts.
Overall, while the Mary Adelaide Gardner Scholarship Trust has shown some strengths, particularly in financial management and program spending, it faces challenges related to governance and transparency that could impact future ratings and community trust. Addressing these issues could enhance its overall effectiveness and credibility in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mary Adelaide Gardner Scholarship Trust legitimate?
Mary Adelaide Gardner Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Adelaide Gardner Scholarship 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: $27,421
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mary Adelaide Gardner Scholarship Trust?
The Mary Adelaide Gardner Scholarship Trust's primary purpose is to provide financial assistance in the form of scholarships to students pursuing their education at the Michigan State University School of Journalism. This mission is outlined in the governing document of the trust. The distributions from the trust are specifically allocated to support students in this field, aiming to foster the growth and development of future journalists. The trust does not engage in any other activities beyond this scholarship program.
Who is the CEO of Mary Adelaide Gardner Scholarship Trust?
Fifth Third Bank N A is the Trustee of Mary Adelaide Gardner Scholarship Trust.
What is the revenue of Mary Adelaide Gardner Scholarship Trust?
Mary Adelaide Gardner Scholarship Trust's revenue in 2022 was $43,095.
Who are the executives of Mary Adelaide Gardner Scholarship Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $27,421
- Related: $0
- Other: $0
Where can I find the form 990 for Mary Adelaide Gardner Scholarship Trust?
Mary Adelaide Gardner Scholarship Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary Adelaide Gardner Scholarship Trust
The Mary Adelaide Gardner Scholarship Trust is a philanthropic entity that focuses on funding scholarships for students pursuing their education at the Michigan State University School of Journalism. In line with its mission, the trust provides financial aid to deserving students, as outlined in its governing document. Through these scholarships, the Mary Adelaide Gardner Scholarship Trust aims to support the academic growth and future career prospects of aspiring journalists at Michigan State University.
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Impact
October, 2024
The Mary Adelaide Gardner Scholarship Trust significantly impacts aspiring journalists by providing essential financial support through scholarships at the Michigan State University School of Journalism. By directing distributions from the trust to this renowned institution, it enables students to pursue their academic and career goals without the overwhelming burden of tuition costs. This investment in education fosters the development of skilled professionals in journalism, contributing to the field's diversity and quality. Ultimately, the trust not only facilitates individual success but also enriches the journalistic landscape by supporting the next generation of media makers.
This information is meant to be a general summary of Mary Adelaide Gardner Scholarship 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: $43,095
- Gross Receipts: $639,321
Assets and Liabilities:
- Total Assets: $1,218,917
- Total Liabilities: $0
- Net Assets: $1,218,917
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Organization Details
Founding Year
1980
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: T22 - Philanthropy
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