Overview
What is Bsa Endowment Master Trust?
The Bsa Endowment Master Trust is a charitable trust established for the Boy Scouts of America (BSA) and its affiliated entities, including local councils. Its primary objective is to manage and invest permanent funds on behalf of these entities, ensuring their long-term financial stability. By entrusting their endowments to a corporate trustee, local BSA councils can benefit from professional investment management through the BSA Commingled Endowment Fund, managed by BSA Asset Management, LLC. The trust is exclusively dedicated to serving the financial needs of BSA-related organizations that meet the criteria set by the Internal Revenue Code.
Official website here: www.scouting.org
Is Bsa Endowment Master Trust legitimate?
Bsa Endowment Master Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bsa Endowment Master 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
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Official website here: www.scouting.org
What is the mission statement of Bsa Endowment Master Trust?
The BSA Endowment Master Trust's primary purpose, as outlined in its agreement, is to manage and invest the permanent funds of the Boy Scouts of America's National Council, local councils, and their affiliated organizations that fall under Section 501(c)(3) of the Internal Revenue Code. This trust is designed to allow local BSA councils to maintain their endowment in a trust, managed by a corporate trustee, and invest solely in the BSA Commingled Endowment Fund, overseen by BSA Asset Management, LLC. The objective of this trust is to ensure the long-term financial stability and growth of the Boy Scouts of America's local councils and affiliated organizations.
Official website here: www.scouting.org
What is the revenue of Bsa Endowment Master Trust?
Bsa Endowment Master Trust's revenue in 2023 was $3,502,977.
Official website here: www.scouting.org
Who are the executives of Bsa Endowment Master Trust and what are their salaries?
There 7 volunteers at Bsa Endowment Master Trust.
There is 1 key member and their salary:
- Compensation: $92,713
- Related: $0
- Other: $0
Official website here: www.scouting.org
Where can I find the form 990 for Bsa Endowment Master Trust?
Bsa Endowment Master Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.scouting.org
Learn more at the official website: www.scouting.org
Mission Statement of Bsa Endowment Master Trust
The Bsa Endowment Master Trust, as outlined in its agreement, was established with a specific purpose. This nonprofit entity is dedicated to investing the permanent funds of the National Council of the Boy Scouts of America, local councils of the Boy Scouts, and their affiliates that fall under Section 501(c)(3) of the Internal Revenue Code. The trust's objective is to provide a secure and strategic investment vehicle for these organizations, enabling them to maintain their endowments within a trust managed by a corporate trustee. The Bsa Endowment Master Trust then invests these funds solely in the BSA Commingled Endowment Fund, LP, with BSA Asset Management, LLC acting as the manager. This structure allows local Boy Scouts councils to benefit from professional investment management, ensuring the long-term sustainability of their funds.
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Impact
October, 2024
The BSA Endowment Master Trust plays a crucial role in supporting the long-term financial health of the Boy Scouts of America and its local councils. By investing permanent funds on behalf of these councils and their affiliates, the trust ensures that resources are available for youth development programs that foster leadership, citizenship, and outdoor skills among young people.
Through its managed investments in the BSA Commingled Endowment Fund, LP, the trust provides local councils with a stable and professional investment strategy, allowing them to focus on their mission of youth engagement and development. The trust's framework helps councils preserve their endowments while maximizing returns, enabling them to offer quality programs and resources to their communities.
In essence, the BSA Endowment Master Trust strengthens the infrastructure of the Boy Scouts of America, enhancing its ability to serve youth and contribute positively to society while maintaining financial prudence and sustainability.
This information is meant to be a general summary of Bsa Endowment Master 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 2023.
- Investment Income: $3,502,977
- Gross Receipts: $3,502,977
Assets and Liabilities:
- Total Assets: $71,409,713
- Total Liabilities: $0
- Net Assets: $71,409,713
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Organization Details
Founding Year
2010
Principal Officer
Mr Thomas Forese Jr
Website
www.scouting.orgNTEE Category
Code: O114 - Youth development
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