Overview
What is William R Kenan Jr Endowment Fund For The Piedmont School?
The William R Kenan Jr Endowment Fund for The Piedmont School is a charitable organization established to provide scholarship funding at The Piedmont School. Located in High Point, North Carolina, this nonprofit organization is tax-exempt under Section 501(C)(3) of the Internal Revenue Code. The endowment fund, valued at over one million dollars, generates income that is allocated to award scholarships at The Piedmont School. This institution specializes in educating students with unique learning needs, excluding visual or auditory impairments, physical disabilities, behavioral or emotional disorders, mental retardation, or any condition that would typically be associated with these categories. The endowment fund engages in fundraising activities among select individuals and businesses to sustain its operations and fulfill its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The William R Kenan Jr Endowment Fund For The Piedmont School has achieved an impressive score of 94% on Charity Navigator, reflecting a strong commitment to accountability and financial transparency. This rating is based entirely on a single beacon score focused on financial practices, indicating that the organization has a robust structure in place to manage its resources effectively.
Strengths noted in the evaluation include a fully independent board, which is critical for ensuring unbiased governance and decision-making. The fund has no reported material diversion of assets and has solid policies in place for conflict of interest, whistleblower protections, and document retention. Additionally, the organization allocates 100% of its expenses to programs, highlighting its dedication to serving its mission without diverting funds to administrative costs.
While the data highlights many strengths, it is essential for potential donors to understand that the rating is based solely on financial metrics. This means that while the organization demonstrates excellent financial health and governance practices, further evaluation of its programmatic impact and effectiveness may be beneficial for a comprehensive view of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is William R Kenan Jr Endowment Fund For The Piedmont School legitimate?
William R Kenan Jr Endowment Fund For The Piedmont School is a legitimate nonprofit organization registered as a 501(c)(3) entity. William R Kenan Jr Endowment Fund For The Piedmont School 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
What is the mission statement of William R Kenan Jr Endowment Fund For The Piedmont School?
The William R Kenan Jr Endowment Fund for The Piedmont School was established with a mission to provide scholarship funding. This organization aims to support students with learning differences, excluding those related to visual or auditory acuity, physical handicaps, behavioral or emotional disorders, mental retardation, or other specific conditions. They have established an endowment fund of over one million dollars, the income from which is utilized to distribute scholarships at The Piedmont School. The endowment fund's purpose is to help students with learning differences access quality education, thereby enhancing their opportunities for personal growth and development. The organization engages in fundraising activities among a select group of individuals and businesses to sustain this initiative.
Who is the CEO of William R Kenan Jr Endowment Fund For The Piedmont School?
Sumner Finch is the Director of William R Kenan Jr Endowment Fund For The Piedmont School.
What is the revenue of William R Kenan Jr Endowment Fund For The Piedmont School?
William R Kenan Jr Endowment Fund For The Piedmont School's revenue in 2020 was $48,200.
Who are the executives of William R Kenan Jr Endowment Fund For The Piedmont School and what are their salaries?
There 4 volunteers at William R Kenan Jr Endowment Fund For The Piedmont School.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $123,446
- Other: $5,127
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for William R Kenan Jr Endowment Fund For The Piedmont School?
William R Kenan Jr Endowment Fund For The Piedmont School's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of William R Kenan Jr Endowment Fund For The Piedmont School
The William R. Kenan Jr. Endowment Fund for The Piedmont School was established with a mission to establish an endowment fund to provide scholarship funding at The Piedmont School. This organization's primary goal is to support students with learning differences that are not related to visual or auditory acuity, physical handicaps, behavioral or emotional disorders, or mental retardation. By creating this endowment fund, the organization aims to distribute the income generated from it to fund scholarships at The Piedmont School. This tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code engages in fundraising activities among a selected group of individuals and businesses. The organization has successfully established an endowment fund exceeding one million dollars ($1,000,000) to support the education of deserving students at The Piedmont School.
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Impact
August, 2024
The William R Kenan Jr Endowment Fund for The Piedmont School has a significant impact on providing scholarship funding for students at The Piedmont School. By establishing an endowment fund of over one million dollars, the organization ensures that income generated from the fund is utilized to support students with learning differences at the school. This initiative allows students to access specialized education and support services tailored to their needs, ultimately enhancing their educational experience and opportunities for success.
This information is meant to be a general summary of William R Kenan Jr Endowment Fund For The Piedmont School. 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 2020.
- Investment Income: $48,200
- Gross Receipts: $249,455
Assets and Liabilities:
- Total Assets: $1,514,468
- Total Liabilities: $0
- Net Assets: $1,514,468
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Organization Details
Founding Year
2009
Phone
(336) 883-0922Principal Officer
Sumner Finch
Main Address
815 OLD MILL ROAD, HIGH POINT, NC, 27262
NTEE Category
Code: B112 - Education
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