Overview
What is Whitworth Foundation?
The Whitworth Foundation, established in Spokane, Washington, has been dedicated to supporting Whitworth University for nearly half a century. Its primary mission is to uphold the institution's integration of faith and learning. To achieve this, the foundation encourages individuals to create planned gift arrangements, such as charitable gift annuities and charitable remainder trusts. These arrangements offer tax benefits and generate regular income for donors and their beneficiaries during a specified period, following which the remaining funds are transferred to Whitworth University's endowment fund, ensuring perpetual financial support for the university. During FY 2022, the foundation transferred $527,347 to Whitworth University to further its objectives.
Official website here: www.whitworth.edu
Is Whitworth Foundation legitimate?
Whitworth Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Whitworth Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.whitworth.edu
What is the mission statement of Whitworth Foundation?
The Whitworth Foundation serves as a catalyst or conduit, facilitating the flow of deferred or planned gifts. Its primary purpose is to provide permanent financial support for Whitworth University, a institution known for integrating faith and learning. Individuals contribute to the foundation, establishing planned-gift arrangements such as charitable gift annuities and charitable remainder trusts. These gifts offer tax savings and regular income to donors and their beneficiaries for a specified period. Upon expiration of this period, the remaining funds are transferred to the Whitworth University fund, ensuring the university's continued support in perpetuity. In fiscal year 2022, the Whitworth Foundation transferred $527,347 to Whitworth University to uphold the institution's mission.
Official website here: www.whitworth.edu
Who is the CEO of Whitworth Foundation?
Scott Mcquilken is the Principal Officer of Whitworth Foundation.
Official website here: www.whitworth.edu
What is the revenue of Whitworth Foundation?
Whitworth Foundation's revenue in 2022 was $113,620.
Official website here: www.whitworth.edu
Who are the executives of Whitworth Foundation and what are their salaries?
There 11 volunteers at Whitworth Foundation.
Here are 16 key members and their salaries:
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- Related: $230,344
- Other: $20,198
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- Related: $297,062
- Other: $24,548
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- Related: $264,707
- Other: $25,270
Official website here: www.whitworth.edu
Where can I find the form 990 for Whitworth Foundation?
Whitworth Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whitworth.edu
Learn more at the official website: www.whitworth.edu
Mission Statement of Whitworth Foundation
The Whitworth Foundation, established nearly half a century ago, serves as a catalyst or conduit for directed or planned gifts. Its primary purpose is to channel these deferred gifts towards providing permanent financial assistance to Whitworth University. The foundation encourages individuals to establish planned-gift arrangements such as charitable gift annuities and charitable remainder trusts. These arrangements offer tax savings and regular income to donors and their beneficiaries for a specified period. Once this period elapses, the remaining portion of these gifts is transferred to the Whitworth University fund, thereby providing perpetual support to the institution. During the fiscal year 2022, the Whitworth Foundation transferred $527,347 to Whitworth University to uphold the institution's mission.
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Impact
October, 2024
The Whitworth Foundation plays a crucial role in bolstering the mission of Whitworth University by facilitating significant financial contributions that support the institution's commitment to integrating faith and learning. Over nearly five decades, the Foundation has enabled individuals to establish planned-gift arrangements, such as charitable gift annuities and charitable remainder trusts. These arrangements not only provide tax advantages and regular income for donors and their beneficiaries but also ensure a lasting impact through the funds they generate.
In fiscal year 2022 alone, the Foundation transferred $527,347 to Whitworth University, highlighting its ongoing commitment to enhancing educational opportunities and resources for students. By serving as a catalyst for deferred or planned gifts, the Whitworth Foundation ensures that financial support flows to the university, promoting its sustainability and mission for generations to come.
This information is meant to be a general summary of Whitworth Foundation. 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.
- Gross Receipts: $113,620
Assets and Liabilities:
- Total Assets: $15,872,942
- Total Liabilities: $6,713,998
- Net Assets: $9,158,944
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Organization Details
Founding Year
1972
Phone
(509) 777-3208Principal Officer
Scott Mcquilken
Main Address
300 W HAWTHORNE RD, SPOKANE, WA, 99251
Website
www.whitworth.eduNTEE Category
Code: B110 - Education
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