Overview
What is Morgan State University Foundation Inc?
The Morgan State University Foundation Inc, located at 1700 E Coldspring Lane, Baltimore, MD 21251, functions as a nonprofit organization. Its primary mission is to grant scholarships and financial assistance to students enrolled at Morgan State University. Additionally, the foundation supports university programs through financial contributions. By fostering this partnership, the Morgan State University Foundation aims to boost the growth, progress, and overall well-being of the esteemed educational institution.
Official website here: www.givetomorgan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Morgan State University Foundation Inc has earned a commendable Four-Star rating from Charity Navigator due to its strong performance in Accountability & Finance, scoring 92%. This rating reflects a solid commitment to transparency and responsible financial management, supported by a fully independent board and no noted material diversion of assets. The foundation demonstrates a high level of program expenses, indicating a focus on its mission, alongside efficient fundraising practices.
User reviews highlight the foundation's positive impact on students, particularly emphasizing the emotional and financial support provided during challenging times. One reviewer, a former student and current alumni development officer, shared a deeply personal account of how the university's support helped them overcome significant hardships, culminating in a dedication to giving back to the institution. The establishment of scholarships in memory of alumni underscores the foundation's commitment to preserving the legacy of Morgan State University and ensuring future students have the same opportunities.
While the foundation has excelled in various accountability measures, it is noted that some policies, like the whistleblower and document retention policies, are missing. This could be an area for improvement in ensuring comprehensive governance practices. Overall, Morgan State University Foundation Inc stands out for its financial efficiency and strong community impact.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Morgan State University Foundation Inc legitimate?
Morgan State University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgan State University Foundation Inc 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:
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For more financial information, click here
Official website here: www.givetomorgan.org
What is the mission statement of Morgan State University Foundation Inc?
The Morgan State University Foundation Inc is dedicated to supporting the advancement of Morgan State University. Its mission is geared towards fostering growth, progress, and overall well-being for the institution. The organization provides financial aid in the form of scholarships to students attending the university, ensuring access to higher education. Additionally, it offers financial assistance for various university programs to enhance their capabilities and effectiveness. The Foundation's primary goal is to contribute to the ongoing success of Morgan State University.
Official website here: www.givetomorgan.org
Who is the CEO of Morgan State University Foundation Inc?
Craig L Spencer is the Treasurer of Morgan State University Foundation Inc.
Official website here: www.givetomorgan.org
What is the revenue of Morgan State University Foundation Inc?
Morgan State University Foundation Inc's revenue in 2023 was $28,239,330.
Official website here: www.givetomorgan.org
Who are the executives of Morgan State University Foundation Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.givetomorgan.org
Where can I find the form 990 for Morgan State University Foundation Inc?
Morgan State University Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.givetomorgan.org
Learn more at the official website: www.givetomorgan.org
Mission Statement of Morgan State University Foundation Inc
The Morgan State University Foundation Inc is a dedicated organization with a mission to foster the advancement and well-being of Morgan State University. Through its efforts, the Foundation aims to provide crucial support for students attending the university and contribute financially to various university programs.
More specifically, the Foundation's primary role is to promote the growth, progress, and general welfare of Morgan State University. By granting scholarships and offering financial assistance to students, the organization helps ensure that deserving individuals have the opportunity to pursue their education and reach their full potential. Furthermore, by providing financial support for university programs, the Foundation contributes to the overall success and development of Morgan State University.
In essence, the Morgan State University Foundation Inc serves as a vital partner in the academic community, working to enhance the student experience and support the academic endeavors of the university. Through its grant programs and scholarship initiatives, the organization plays a pivotal role in enabling students to thrive and reach their goals, ultimately contributing to the university's continued growth and success.
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Impact
October, 2024
Morgan State University Foundation Inc plays a crucial role in fostering the growth and advancement of Morgan State University. By providing grants and scholarship assistance, the Foundation ensures that students have the financial support they need to pursue their educational goals. This financial assistance not only enhances accessibility for a diverse student body but also contributes to the overall welfare of the university’s community.
In addition to student scholarships, the Foundation supports various university programs that enhance academic and extracurricular offerings, enriching the overall student experience. Through its dedicated efforts, the Foundation directly impacts the educational landscape in Baltimore, empowering future leaders and promoting higher education within the community. The work of the Foundation not only helps individuals achieve their dreams but also strengthens the university's position as a vital institution of learning and development in the region.
This information is meant to be a general summary of Morgan State University Foundation Inc. 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 2023.
- Investment Income: $1,768,713
- Gross Receipts: $28,357,041
Assets and Liabilities:
- Total Assets: $155,800,209
- Total Liabilities: $2,059,841
- Net Assets: $153,740,368
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Organization Details
Founding Year
1971
Phone
(443) 885-4021Principal Officer
Craig L Spencer
Main Address
1700 E COLDSPRING LANE, BALTIMORE, MD, 21251
Website
www.givetomorgan.orgNTEE Category
Code: B43I - Education
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