Overview
What is Margaret Bloom Trust 1045000013?
Margaret Bloom Trust 1045000013 is a charitable trust established in memory of Margaret Bloom, who passed away in 1981. This trust, based in Champaign, Illinois, holds its assets in trust for the benefit and use of the University of Illinois Foundation. The organization's primary mission is to provide scholarships to students at the University of Illinois, Urbana, Illinois, under specific conditions. The funds distributed from the trust are solely used for the education and maintenance of these students. The trust supports the University of Illinois Foundation's activities.
Is Margaret Bloom Trust 1045000013 legitimate?
Margaret Bloom Trust 1045000013 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Margaret Bloom Trust 1045000013 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: $99,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Margaret Bloom Trust 1045000013?
The Margaret Bloom Trust 1045000013 is a charitable entity established through Margaret Bloom's will, with her passing observed on September 29, 1981. The trust's primary purpose is to hold its assets in trust, managed by a designated trustee, for the advantage of the University of Illinois Foundation. This foundation then utilizes the distributions from the trust to grant scholarships to students enrolled at the University of Illinois Urbana-Chicago. These scholarships are exclusively intended for students who fulfill specific criteria for their higher education.
Who is the CEO of Margaret Bloom Trust 1045000013?
Karen Walker is the Principal Officer of Margaret Bloom Trust 1045000013.
What is the revenue of Margaret Bloom Trust 1045000013?
Margaret Bloom Trust 1045000013's revenue in 2023 was $381,435.
Who are the executives of Margaret Bloom Trust 1045000013 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Margaret Bloom Trust 1045000013?
Margaret Bloom Trust 1045000013's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Margaret Bloom Trust 1045000013
The Margaret Bloom Trust 1045000013, established in the will of Margaret Bloom who passed away in 1981, is a charitable trust with a specific mission. This organization holds its assets in trust for the University of Illinois Foundation, using the distributions primarily to provide scholarships for students at the University of Illinois, Urbana, Illinois. These scholarships are intended for students who meet certain conditions specified for their college education. In essence, the Margaret Bloom Trust aims to support the education and maintenance of deserving students at the University of Illinois, thereby contributing to their academic journey.
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Impact
October, 2024
Margaret Bloom Trust 1045000013 significantly enhances educational opportunities for students at the University of Illinois by providing scholarships that support their academic pursuits. Established through the will of Margaret Bloom, who passed away in 1981, the trust operates with a clear mandate: to distribute its assets exclusively for the benefit of students. This commitment not only aids in reducing the financial burden of college expenses but also ensures that eligible students can focus more on their education and personal development.
The trust's ongoing support of the University of Illinois Foundation underscores its long-term impact on the educational landscape in Urbana, Illinois. By facilitating access to financial resources, the trust plays a pivotal role in fostering academic achievement and maintaining a diverse student body that is reflective of varying backgrounds and experiences. Additionally, it helps cultivate future leaders and professionals who will contribute to society, thereby leaving a lasting legacy that extends well beyond the immediate beneficiaries. Through its dedicated funding, Margaret Bloom Trust 1045000013 embodies a commitment to educational excellence and equity.
This information is meant to be a general summary of Margaret Bloom Trust 1045000013. 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: $267,025
- Gross Receipts: $1,327,057
Assets and Liabilities:
- Total Assets: $8,695,582
- Total Liabilities: $0
- Net Assets: $8,695,582
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Organization Details
Founding Year
1983
Phone
(217) 365-4800Principal Officer
Karen Walker
Main Address
PO BOX 260, CHAMPAIGN, IL, 618240260
NTEE Category
Code: B114 - Education
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