Overview
What is Jefferson Scholars Foundation?
The Jefferson Scholars Foundation is a charitable organization situated in Charlottesville, Virginia, with the address 112 Clarke Court, 22903. Their primary mission includes granting academic merit-based scholarships, fellowships, and professorships to deserving students and faculty members at the University of Virginia (UVA). In 2023, they awarded grants to 32-50 undergraduate students, 21 doctoral and Master of Business Administration (MBA) candidates, and 7 National Fellows. Additionally, the Foundation financed the salaries, benefits, and related costs of 6 UVA professors and supported 12 graduate students working under their guidance. With a staff of 23 employees, the Jefferson Scholars Foundation has been instrumental in contributing to the educational pursuits of 303 students and faculty members.
Official website here: www.jeffersonscholars.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 78% (Three-Star out of Four Star rating)
The Jefferson Scholars Foundation has achieved a Three-Star rating with an overall score of 78%, indicating a moderate level of effectiveness and transparency. The Accountability & Finance score is particularly strong at 95%, reflecting excellent governance practices, including a fully independent board and rigorous financial oversight. This strong financial accountability suggests that the foundation is well-managed and prioritizes its fiduciary responsibilities.
However, the foundation's Impact & Measurement score is lower at 56%, which points to potential areas for improvement in how it measures the effectiveness and overall impact of its programs. Specifically, the analysis indicates that the foundation increases income for scholarship recipients by less than $0.85 for every $1 spent, which raises questions about the efficiency and effectiveness of its funding allocation.
Overall, while the Jefferson Scholars Foundation demonstrates strong governance and financial health, there are concerns regarding its impact measurement practices. Strengthening these areas could enhance the foundation's ability to report on its success and further justify its expenditures to donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Jefferson Scholars Foundation legitimate?
Jefferson Scholars Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jefferson Scholars 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,164,183
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,013,450
For more financial information, click here
Official website here: www.jeffersonscholars.org
What is the mission statement of Jefferson Scholars Foundation?
The Jefferson Scholars Foundation supports the University of Virginia (UVA) by providing academic merit-based scholarships, fellowships, and professorships to students and faculty. The Foundation grants four-year scholarships to up to 50 incoming undergraduate students each year, and awards graduate fellowships to PhD and MBA candidates. Additionally, the Foundation funded the salaries, benefits, and related costs of six UVA professors and provided support for 12 graduate students working with them. In total, the Foundation financially assists 303 students and faculty members.
Official website here: www.jeffersonscholars.org
Who is the CEO of Jefferson Scholars Foundation?
Robbyn L Callahan is the Foundation Board Of Direct of Jefferson Scholars Foundation.
Official website here: www.jeffersonscholars.org
What is the revenue of Jefferson Scholars Foundation?
Jefferson Scholars Foundation's revenue in 2023 was $33,501,224.
Official website here: www.jeffersonscholars.org
Who are the executives of Jefferson Scholars Foundation and what are their salaries?
The average compensation at Jefferson Scholars Foundation during 2023 was $138,158. There are 23 employees and 1192 volunteers at Jefferson Scholars Foundation.
Here are 40 key members and their salaries:
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Official website here: www.jeffersonscholars.org
Where can I find the form 990 for Jefferson Scholars Foundation?
Jefferson Scholars Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jeffersonscholars.org
Learn more at the official website: www.jeffersonscholars.org
Mission Statement of Jefferson Scholars Foundation
The Jefferson Scholars Foundation, a merit-based scholarly organization, is dedicated to supporting students and faculty at the University of Virginia (UVA) through academic scholarship, fellowship, and professorship programs. This esteemed foundation awards full-cost, four-year scholarships to between 32 and 50 incoming undergraduates each year, recognizing their academic prowess. In addition, it grants 21 academic merit-based fellowships for incoming PhD and MBA candidates and 7 academic merit-based graduate fellowships for national fellows. Furthermore, the foundation financially supports 6 UVA professors, providing them with salaries, benefits, and related costs. The foundation's generosity extends to 12 graduate students working with these professors. With these initiatives, the Jefferson Scholars Foundation has provided financial assistance to a total of 303 students and faculty in the previous fiscal year.
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Impact
October, 2024
The Jefferson Scholars Foundation significantly enhances academic excellence at the University of Virginia (UVA) by providing substantial financial support in the form of merit-based scholarships, fellowships, and professorships. Each year, the foundation awards full-cost, four-year scholarships to between 32 and 50 incoming undergraduate students, enabling them to pursue their educational goals without the burden of financial constraints.
In addition to undergraduate support, the foundation is committed to fostering advanced research and academic development at UVA. During fiscal year 2023, it awarded 21 graduate fellowships to incoming PhD and MBA candidates, further enriching the academic environment. The foundation also works closely with faculty by funding the salaries and benefits of six professors while supporting 12 graduate students in collaboration with these faculty members.
Overall, the Jefferson Scholars Foundation's contribution extends to 303 students and faculty members, cultivating a vibrant community of scholars and enhancing the educational landscape of UVA. Through its strategic investments in human capital, the foundation not only promotes individual academic achievements but also strengthens the university's commitment to excellence in research and education.
This information is meant to be a general summary of Jefferson Scholars 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 2023.
- Investment Income: $503,729
- Gross Receipts: $50,898,327
Assets and Liabilities:
- Total Assets: $764,689,436
- Total Liabilities: $83,781,663
- Net Assets: $680,907,773
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Organization Details
Founding Year
1998
Phone
(434) 243-9029Principal Officer
Robbyn L Callahan
Main Address
112 CLARKE COURT, CHARLOTTESVILLE, VA, 22903
Website
www.jeffersonscholars.orgNTEE Category
Code: T30 - Philanthropy
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