Overview
What is Leo W Seal Jr Charitable Trust?
The Leo W Seal Jr Charitable Trust is a philanthropic entity established with a mission to support Mississippi State University (MSU) Foundation. The MSU Foundation utilizes the funds granted by the trust to distribute resources to various departments within the university. Specifically, 35% of the funds are allocated to the Athletic Department, 25% to the College of Business, 12.5% each to the College of Engineering and the College of Forest Resources, and the remaining 15% is allocated for unrestricted use within MSU. The goal is to contribute positively to these departments, enhancing their respective academic and athletic programs.
Is Leo W Seal Jr Charitable Trust legitimate?
Leo W Seal Jr Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leo W Seal Jr Charitable 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: $181,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Leo W Seal Jr Charitable Trust?
The Leo W Seal Jr Charitable Trust's primary objective is to provide support to the Mississippi State University Foundation. This support is then allocated to various departments within the university. Specifically, 35% of the funds are directed towards the Athletic Department, 25% go to the College of Business, 12.5% each is allocated to the College of Engineering and the College of Forest Resources, and the remaining 15% is used for unrestricted purposes within the university.
Who is the CEO of Leo W Seal Jr Charitable Trust?
Unavailable
What is the revenue of Leo W Seal Jr Charitable Trust?
Leo W Seal Jr Charitable Trust's revenue in 2022 was -$922,941.
Who are the executives of Leo W Seal Jr Charitable Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $181,383
- Related: $0
- Other: $0
Where can I find the form 990 for Leo W Seal Jr Charitable Trust?
Leo W Seal Jr Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Leo W Seal Jr Charitable Trust
The Leo W Seal Jr Charitable Trust is established with a mission to support the Mississippi State University Foundation. This foundation then distributes the funds to various departments within the university. The Charitable Trust allocates a significant portion of its support to the Athletic Department, accounting for 35% of the total distribution. Additionally, it contributes 25% to the College of Business, 12.5% each to the College of Engineering and the College of Forest Resources, and finally, reserves 15% for unrestricted use by Mississippi State University. This distribution of funds aims to contribute to the overall growth and development of these departments within the university.
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Impact
October, 2024
The Leo W. Seal Jr. Charitable Trust significantly enhances the educational landscape at Mississippi State University (MSU) by strategically distributing funds to various departments. By allocating 35% of its support to the Athletic Department, the Trust fosters a robust athletic program that not only contributes to school spirit but also offers scholarships and facilities that benefit student-athletes. Additionally, the 25% designated for the College of Business helps strengthen academic programs, promoting professional development and career readiness for future business leaders.
With 12.5% of funds each going to the College of Engineering and the College of Forest Resources, the Trust supports vital programs that advance research, innovation, and sustainable practices in engineering and environmental management. The remaining 15% of the funding is allocated for unrestricted use, providing the MSU Foundation with flexibility to address urgent needs and opportunities across the university.
Overall, the Trust's contributions play a crucial role in enhancing educational quality, fostering student success, and promoting a culture of excellence at Mississippi State University.
This information is meant to be a general summary of Leo W Seal Jr Charitable 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: -$922,941
- Gross Receipts: $33,114,496
Assets and Liabilities:
- Total Assets: $30,165,176
- Total Liabilities: $0
- Net Assets: $30,165,176
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Organization Details
Founding Year
2009
Phone
(504) 599-2191Main Address
701 POYDRAS STREET STE 3100, NEW ORLEANS, LA, 701397727
NTEE Category
Code: B11 - Education
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