Overview
What is Verna Townsend Trust Dated 7871 1020000374?
The Verna Townsend Trust Dated 7871 1020000374 is a philanthropic entity established to grant annual scholarships. This trust, based at the University of Illinois, offers financial aid of $2,500 to students who are currently enrolled in both the College of Law and the School of Music. By providing these scholarships, the trust aims to support and empower students in their academic pursuits, thereby contributing to the educational community at the university.
Is Verna Townsend Trust Dated 7871 1020000374 legitimate?
Verna Townsend Trust Dated 7871 1020000374 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verna Townsend Trust Dated 7871 1020000374 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: $7,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Verna Townsend Trust Dated 7871 1020000374?
The Verna Townsend Trust, with the identifier 7871 1020000374, is committed to providing annual scholarships worth $2,500. These scholarships are exclusively intended for students who are currently enrolled in the College of Law and the School of Music at the University of Illinois. This financial aid aims to support and encourage talented individuals in their studies, thereby fostering academic growth and potential in these specific fields.
Who is the CEO of Verna Townsend Trust Dated 7871 1020000374?
Unavailable
What is the revenue of Verna Townsend Trust Dated 7871 1020000374?
Verna Townsend Trust Dated 7871 1020000374's revenue in 2022 was $139,902.
Who are the executives of Verna Townsend Trust Dated 7871 1020000374 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $7,524
- Related: $0
- Other: $0
Where can I find the form 990 for Verna Townsend Trust Dated 7871 1020000374?
Verna Townsend Trust Dated 7871 1020000374's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Verna Townsend Trust Dated 7871 1020000374
The Verna K Townsend Trust is a charitable organization that dedicates an annual sum of $2,500 towards scholarships. These scholarships are intended for students who are currently enrolled in two specific academic units at the University of Illinois: the College of Law and the School of Music. By providing this financial assistance, the Verna K Townsend Trust aims to support and encourage the academic pursuits of these students, thereby contributing to their future success in their respective fields.
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Impact
October, 2024
The Verna Townsend Trust Dated 7871 1020000374 significantly impacts students at the University of Illinois by providing $2,500 annual scholarships targeted specifically for those enrolled in the College of Law and the School of Music. This financial support alleviates some of the financial burdens faced by students in these rigorous programs, enabling them to focus on their studies and professional development without the added stress of financial constraints.
By prioritizing education in law and music, the trust fosters talent and academic excellence in these fields. The scholarships can enhance the recipients' opportunities for successful careers, particularly in areas that require advanced knowledge and skills, such as legal practice and the arts. The trust's mission also contributes to the overall institutional goal of advancing education and promoting cultural enrichment, thereby cultivating a strong community of legal and artistic professionals in the future.
This information is meant to be a general summary of Verna Townsend Trust Dated 7871 1020000374. 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: $11,704
- Gross Receipts: $206,762
Assets and Liabilities:
- Total Assets: $1,740,434
- Total Liabilities: $0
- Net Assets: $1,740,434
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Organization Details
Founding Year
1979
Main Address
PO BOX 260, CHAMPAIGN, IL, 618240260
NTEE Category
Code: B82 - Education
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