Overview
What is Elizabeth G Smith Scholarship Trust?
The Elizabeth G Smith Scholarship Trust is a nonprofit organization that prioritizes offering financial aid through scholarships. Established in partnership with Abington Friends School, the Trust distributes its income to a dedicated fund, specifically intended for deserving female Quaker students who show a passion for sports. These students are entering either the 7th or 9th grade. The primary mission of the Trust is to support these talented young women in their educational journey.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Star rating)
The Elizabeth G Smith Scholarship Trust has received a low rating of 53%, indicating significant concerns in areas of accountability and financial practices. The charity's board lacks independent members, which suggests potential issues with governance and oversight. Additionally, critical policies, such as those related to conflicts of interest and whistleblower protections, are absent, further highlighting weaknesses in transparency and ethical management.
Despite these shortcomings, the organization does display strengths in its program expense ratio, with 100% of expenses allocated directly to its programs. This indicates a strong commitment to its mission of providing scholarships. However, the lack of financial oversight and absence of essential policies may jeopardize its effectiveness and public trust.
Overall, the Elizabeth G Smith Scholarship Trust faces considerable challenges in governance and transparency, which are vital for building confidence among donors and stakeholders. The absence of key policies and independent oversight could impact its long-term sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Elizabeth G Smith Scholarship Trust legitimate?
Elizabeth G Smith Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elizabeth G Smith 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Elizabeth G Smith Scholarship Trust?
The Elizabeth G Smith Scholarship Trust is dedicated to providing financial assistance in the form of scholarships. Specifically, it distributes its income to a restricted fund established by Abington Friends School. The scholarships are intended for deserving female students with a passion for sports, who are transitioning into the 7th or 9th grade. The trust's mission is aimed at supporting these students, fostering their interest in sports, and providing them with educational opportunities.
Official website here: www.none
Who is the CEO of Elizabeth G Smith Scholarship Trust?
Thomas B K Ringe Iii is the Trustee of Elizabeth G Smith Scholarship Trust.
Official website here: www.none
What is the revenue of Elizabeth G Smith Scholarship Trust?
Elizabeth G Smith Scholarship Trust's revenue in 2022 was $3,494.
Official website here: www.none
Who are the executives of Elizabeth G Smith Scholarship Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Elizabeth G Smith Scholarship Trust
The Elizabeth G Smith Scholarship Trust is an organization that dedicates its resources to providing scholarships. Specifically, it distributes its income to a fund established by Abington Friends School. The scholarships are intended for deserving female students who are Quakers and show a passion for sports. These scholarships are awarded to students as they enter either the 7th or 9th grade. The Elizabeth G Smith Scholarship Trust plays a significant role in supporting the educational aspirations of young Quaker women with a strong interest in sports.
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Impact
October, 2024
The Elizabeth G Smith Scholarship Trust significantly impacts the lives of deserving female Quaker students by providing financial support for their education. By allocating its income to a specific spending fund at Abington Friends School, the Trust ensures that these scholarships are targeted towards individuals who not only demonstrate academic potential but also exhibit a passion for sports. This initiative fosters personal growth, confidence, and leadership among young women, empowering them to pursue their interests and excel in both academics and athletics as they enter middle and high school. The Trust plays a crucial role in promoting educational equity and encouraging female participation in sports, ultimately contributing to a more balanced and inclusive educational environment.
This information is meant to be a general summary of Elizabeth G Smith 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: $3,494
- Gross Receipts: $4,311
Assets and Liabilities:
- Total Assets: $357,349
- Total Liabilities: $15,000
- Net Assets: $342,349
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Organization Details
Founding Year
1999
Phone
(215) 341-1016Principal Officer
Thomas B K Ringe Iii
Main Address
THOMAS RINGE III 424 RED COAT LAN, WAYNE, PA, 19087
Website
www.noneNTEE Category
Code: T112 - Philanthropy
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