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Horatio Alger Endowment Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272480291 ✦ Alexandria, VA ✦ Designated as a 501(c)(3)

Overview

What is Horatio Alger Endowment Fund?

The Horatio Alger Endowment Fund is a philanthropic organization located in Alexandria, Virginia. Its primary mission is to support the educational and charitable initiatives of the Horatio Alger Association of Distinguished Americans, Inc. The Endowment Fund receives, holds, invests, and distributes funds to further benefit the Association's ongoing and future programs. In 2022, the Endowment Fund granted resources to the Association to bolster their scholarship and membership programs.


Official website here: www.horatioalger.org

Is Horatio Alger Endowment Fund legitimate?

Horatio Alger Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horatio Alger Endowment Fund 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.

Here are some key statistics you may want to consider:

Executive Compensation: $289,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,295

For more financial information, click here


Official website here: www.horatioalger.org

What is the mission statement of Horatio Alger Endowment Fund?

The Horatio Alger Endowment Fund exists to support educational and charitable initiatives. Its primary goal is to collect, manage, and distribute funds to the Horatio Alger Association of Distinguished Americans, Inc., with the objective of benefiting the Association's ongoing and future programs. During the year 2022, the Endowment Fund granted funds to the Horatio Alger Association to further their scholarship and membership programs.


Official website here: www.horatioalger.org

Who is the CEO of Horatio Alger Endowment Fund?

Terrence J Giroux is the Chairman of Horatio Alger Endowment Fund.


Official website here: www.horatioalger.org

What is the revenue of Horatio Alger Endowment Fund?

Horatio Alger Endowment Fund's revenue in 2022 was $41,403,763.


Official website here: www.horatioalger.org

Who are the executives of Horatio Alger Endowment Fund and what are their salaries?

Here are 12 key members and their salaries:

    Terrence J Giroux (Executive Director)
  • Compensation: $0
  • Related: $5,090,087
  • Other: $74,441

    • Constantine G Katsaraskis (Associate Executive Direct)
  • Compensation: $0
  • Related: $268,902
  • Other: $32,289

    • John B Thornburg (Managing Director)
  • Compensation: $0
  • Related: $230,013
  • Other: $44,469

    • Margaret Slipek (Manager Editorial Services)
  • Compensation: $0
  • Related: $187,243
  • Other: $43,483

    • Debra J Stancil (Manager Of Nominations)
  • Compensation: $0
  • Related: $115,899
  • Other: $48,753

    • Paul Anthony Novelly (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Neubauer (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Weiland (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David L Sokol (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dennis R Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leon G Cooperman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James M Seneff Jr (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.horatioalger.org

    Where can I find the form 990 for Horatio Alger Endowment Fund?

    The Horatio Alger Endowment Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.horatioalger.org

    Learn more at the official website: www.horatioalger.org

    Mission Statement of Horatio Alger Endowment Fund

    The Horatio Alger Endowment Fund is a charitable organization dedicated to promoting educational purposes. In specific terms, it functions to collect, manage, and distribute funds towards the Horatio Alger Association of Distinguished Americans, Inc. (the "Association") to support the Association's ongoing and future programs. The main aim of the Horatio Alger Endowment Fund is to make a difference in people's lives by investing in the Association's initiatives.

    During the year 2022, the Horatio Alger Endowment Fund made significant grants to the Horatio Alger Association of Distinguished Americans, Inc. These contributions were directed towards state and other scholarship programs and membership programs. By doing so, the Horatio Alger Endowment Fund has played a pivotal role in providing opportunities and support to those who may otherwise have faced financial challenges in their pursuit of higher education.

    The Horatio Alger Endowment Fund's mission is rooted in the belief that education is a powerful tool for personal growth and development. By investing in the Horatio Alger Association of Distinguished Americans, it enables the organization to continue its important work of recognizing and empowering individuals who have faced adversity and persevered to achieve academic and professional success. The Horatio Alger Endowment Fund's commitment to education and charitable causes is a testament to its enduring dedication to making a meaningful impact on the lives of countless individuals.

    Impact

    This information is meant to be a general summary of Horatio Alger Endowment Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Horatio Alger Endowment Fund's impact lies in its support for educational and charitable endeavors. Through grants made to the Horatio Alger Association of Distinguished Americans, Inc., the Fund contributes to state and other scholarship programs as well as membership initiatives. By funding these programs, the Fund helps provide educational opportunities and support to individuals in pursuit of their academic and personal goals. This support ultimately fosters a positive impact on individuals' lives and contributes to the broader goal of promoting educational excellence and opportunity.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $20,014,701
  • Program Service Revenue: $0
  • Gross Receipts: $335,155,173

    • Assets and Liabilities:
  • Total Assets: $307,856,993
  • Total Liabilities: $449,732
  • Net Assets: $307,407,261
  • Organization Details

    Founding Year

    2010

    Principal Officer

    Terrence J Giroux

    Main Address

    99 CANAL CENTER PLAZA 320, ALEXANDRIA, VA, 22314

    NTEE Category

    Code: B82 - Education

    If you are a representative of Horatio Alger Endowment Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.