Overview
What is Texas Match The Promise Foundation?
Texas Match The Promise Foundation is a nonprofit organization situated in Austin, Texas, specifically at 111 E 17th Street. Their primary mission is to support students' higher education aspirations by providing matching scholarship funds. Through their initiatives, they award scholarships to eligible Texas schoolchildren with accounts in the state's prepaid tuition plan, the Texas Tuition Promise Fund. These scholarships can be used to purchase additional tuition units or accrue matching funds, as per the state's law. The organization's donations are sourced from individuals and companies, aiming to supplement the college savings of families with financial need. During the fiscal year, they funded scholarships for 28 students, each receiving up to $2,000 in tuition units, while the top 11 performers were granted additional scholarships worth $3,000 each.
Official website here: www.matchthepromise.org
Is Texas Match The Promise Foundation legitimate?
Texas Match The Promise Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Match The Promise 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.
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Official website here: www.matchthepromise.org
What is the mission statement of Texas Match The Promise Foundation?
The Texas Match The Promise Foundation's mission is centered around providing educational support to eligible students. The organization aims to award scholarships to these students, using funds from donations made by individuals and companies. These scholarships can be utilized to purchase additional tuition units or accrue matching funds, as permitted by state law. The foundation's primary purpose is to assist families with demonstrated financial need who have accounts in the Texas Tuition Promise Fund, a state-sponsored prepaid tuition plan. By doing so, the Texas Match The Promise Foundation seeks to help students attain higher education, thereby broadening their opportunities for the future.
Official website here: www.matchthepromise.org
What is the revenue of Texas Match The Promise Foundation?
Texas Match The Promise Foundation's revenue in 2024 was $205,503.
Official website here: www.matchthepromise.org
Who are the executives of Texas Match The Promise Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.matchthepromise.org
Where can I find the form 990 for Texas Match The Promise Foundation?
Texas Match The Promise Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.matchthepromise.org
Learn more at the official website: www.matchthepromise.org
Mission Statement of Texas Match The Promise Foundation
Texas Match The Promise Foundation, as its name suggests, is a organization dedicated to fulfilling a noble mission. Its primary objective is to provide matching education and scholarship funds to eligible students. These students must meet certain requirements related to financial need and academic performance. The foundation achieves this mission by accepting donations from individuals and companies. These contributions are then utilized to supplement the college savings of families who own accounts in the state's prepaid tuition plan, known as the Texas Tuition Promise Fund. By doing so, Texas Match The Promise Foundation aims to make higher education more accessible and affordable for families with demonstrated financial need.
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Impact
October, 2024
Texas Match The Promise Foundation significantly enhances access to higher education for eligible students in Texas. By awarding scholarships to students with accounts in the Texas 529 prepaid tuition plan, the foundation enables these recipients to purchase additional tuition units or accrue matching funds, per state law.
In the most recent fiscal year, the foundation funded scholarships for 28 Texas schoolchildren, each receiving matching tuition units worth up to $2,000. Notably, 11 of the highest-ranking applicants were honored with an even larger scholarship grant of tuition units valued at $3,000 each. This impactful initiative not only supports students in their academic pursuits but also encourages families to save for college, fostering a pathway to higher education for those with demonstrated financial need.
This information is meant to be a general summary of Texas Match The Promise 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 2024.
- Investment Income: $4,856
- Gross Receipts: $205,503
Assets and Liabilities:
- Total Assets: $1,740,149
- Total Liabilities: $704,403
- Net Assets: $1,035,746
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Organization Details
Founding Year
2009
Principal Officer
Glenn Hegar
Website
www.matchthepromise.orgNTEE Category
Code: B82 - Education
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