Overview
What is J W Ellsworth Endowment Trust?
The J.W. Ellsworth Endowment Trust is a philanthropic organization based in Brooklyn, Ohio. Its primary mission is to support the operation, maintenance, and upkeep of the Western Reserve Academy. Grants are distributed according to a trust agreement from 1923, with the objective of maintaining and operating an educational institution for boys and young men. The institution aims to prepare individuals to become useful citizens, providing a curriculum that includes the classics, humanities, sciences, and agriculture. It strives to avoid the flaws of modern educational methods, emphasizing the mastery of fundamental subjects. The trust also encourages scientific research by faculty members and ensures affordability for students with limited means, maintaining reasonable tuition fees. KeyBank serves as the trustee, maintaining a responsiveness to the trust's objectives.
Is J W Ellsworth Endowment Trust legitimate?
J W Ellsworth Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. J W Ellsworth Endowment 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: $210,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of J W Ellsworth Endowment Trust?
The J.W. Ellsworth Endowment Trust's mission is centered around providing grants, in accordance with a trust agreement from 1923. The primary objective of these grants is to support the operation, maintenance, and upkeep of the Western Reserve Academy. The funds are intended for educational purposes, specifically to operate an institution for boys and young men, preparing them to become responsible citizens. The curriculum includes not only the traditional subjects of classics, humanities, and sciences, but also features a department of agriculture. The school aims to avoid the shortcomings of modern educational methods by emphasizing the mastery of fundamental subjects. Students with limited means are allowed to attend, and the tuition is kept affordable. Research conducted by faculty members is encouraged.
Who is the CEO of J W Ellsworth Endowment Trust?
Unavailable
What is the revenue of J W Ellsworth Endowment Trust?
J W Ellsworth Endowment Trust's revenue in 2022 was $4,699,959.
Who are the executives of J W Ellsworth Endowment Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $210,474
- Related: $0
- Other: $0
Where can I find the form 990 for J W Ellsworth Endowment Trust?
J W Ellsworth Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of J W Ellsworth Endowment Trust
The J. W. Ellsworth Endowment Trust, in accordance with its trust agreement dated December 21, 1923, makes distributions for the operation, maintenance, and upkeep of the Western Reserve Academy. The primary purpose of these distributions is for educational purposes, specifically to maintain and operate an institution of learning for boys and young men, equipping them to become responsible citizens of the republic. Beyond the traditional curriculum that includes the classics, humanities, and sciences, the academy also features a department of agriculture. The academy strives to avoid the shortcomings of modern educational methods, developing students by insisting on the mastery of fundamental subjects of study. Encouragement is given to scientific research conducted by faculty members, and students with limited means are permitted to attend, with tuition always being kept affordable. KeyBank, as trustee, maintains a responsiveness to the academy's needs.
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Impact
October, 2024
The J W Ellsworth Endowment Trust has a significant impact on education by providing essential financial support for the Western Reserve Academy. Established through a trust agreement in 1923, the Trust ensures that funds are allocated specifically for the operation, maintenance, and upkeep of this educational institution.
By focusing on creating an environment conducive to learning for boys and young men, the Trust emphasizes the importance of instilling knowledge that prepares students to become responsible citizens. Its commitment to a comprehensive curriculum that includes classical studies, humanities, and sciences is complemented by the incorporation of a Department of Agriculture, which aims to offer practical skills alongside academic knowledge.
Moreover, the Trust seeks to address educational disparities by allowing students with limited means to access quality education. It mandates that tuition is always maintained with this objective in mind, thereby fostering inclusivity and opportunity for all prospective students.
Through its commitment to fundamental subjects and encouragement of scientific research among faculty, the J W Ellsworth Endowment Trust aligns educational practices with the values of thorough academic mastery and innovative inquiry. This holistic approach not only enriches the educational landscape but also ensures that the institution can continue to serve as a vital resource for future generations.
This information is meant to be a general summary of J W Ellsworth Endowment 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: $4,715,602
- Gross Receipts: $13,159,738
Assets and Liabilities:
- Total Assets: $41,872,079
- Total Liabilities: $0
- Net Assets: $41,872,079
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME
Organization Details
Founding Year
1923
Phone
(216) 471-2012Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: T900 - Philanthropy
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