Overview
What is The American Legion September 11 Memorial Scholarship Trust Fund?
The American Legion September 11 Memorial Scholarship Trust Fund is a charitable organization based in Indianapolis, Indiana. Its primary mission is to provide financial aid for the higher education of children who have lost a parent in military service due to fatal incidents since September 11, 2001, or those with a 50% or more disability rating. This support is granted through the Legacy Scholarship Fund, an initiative under the Trust's umbrella. The purpose of this Scholarship Fund is to alleviate the financial burden associated with pursuing college education for these children of fallen or severely disabled military personnel.
Official website here: www.legion.org/scholarships/legacy
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Stars
The American Legion September 11 Memorial Scholarship Trust Fund has achieved a remarkable 95% rating, signifying a strong commitment to accountability and impact. With an Accountability & Finance score of 88 and an outstanding Impact & Measurement score of 100, the organization demonstrates a well-rounded approach to managing resources and measuring outcomes effectively. The significant program expense ratio of 89.93% indicates that a large portion of its funds directly supports its mission.
One of the notable strengths of this charity is its financial health, with a low liabilities to assets ratio of 1.39%, suggesting a stable financial position. Additionally, the absence of material diversion of assets reflects a high level of integrity in financial management. The independent board comprises three members, emphasizing governance and oversight capabilities through practices like conflict of interest, whistleblower, and document retention policies.
However, while the organization performs exceptionally well in impact evaluation, continually assessing and adapting its strategies could further enhance its effectiveness. The impressive outcome of increasing scholarship recipient income by more than $1.25 for every dollar spent showcases the trust fund's significant impact on beneficiaries, positioning it as a prominent player in supporting education for those affected by the events of September 11.
This AI summary has been generated from information found on Charity Navigator.
Is The American Legion September 11 Memorial Scholarship Trust Fund legitimate?
The American Legion September 11 Memorial Scholarship Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Legion September 11 Memorial Scholarship Trust Fund 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
For more financial information, click here
Official website here: www.legion.org/scholarships/legacy
What is the mission statement of The American Legion September 11 Memorial Scholarship Trust Fund?
The American Legion September 11 Memorial Scholarship Trust Fund's mission is to offer financial aid for higher education to eligible applicants who have lost a parent serving in the active military duty since the September 11, 2001 terror attacks, or who themselves have sustained a 50% or more disability. The primary objective of the trust is to support these individuals in pursuing their college education. The scholarship fund aims to alleviate the financial burden associated with higher education, providing a crucial opportunity for these families impacted by military service. The trust seeks to honor the sacrifices made by these families and ensure that the legacy of their lost loved ones continues through the pursuit of education.
Official website here: www.legion.org/scholarships/legacy
Who is the CEO of The American Legion September 11 Memorial Scholarship Trust Fund?
Unavailable
Official website here: www.legion.org/scholarships/legacy
What is the revenue of The American Legion September 11 Memorial Scholarship Trust Fund?
The American Legion September 11 Memorial Scholarship Trust Fund's revenue in 2022 was $1,660,609.
Official website here: www.legion.org/scholarships/legacy
Who are the executives of The American Legion September 11 Memorial Scholarship Trust Fund and what are their salaries?
There 500 volunteers at The American Legion September 11 Memorial Scholarship Trust Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $211,804
- Other: $72,466
- Compensation: $0
- Related: $39,694
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $366,075
- Other: $113,563
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.legion.org/scholarships/legacy
Where can I find the form 990 for The American Legion September 11 Memorial Scholarship Trust Fund?
The American Legion September 11 Memorial Scholarship Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legion.org/scholarships/legacy
Learn more at the official website: www.legion.org/scholarships/legacy
Mission Statement of The American Legion September 11 Memorial Scholarship Trust Fund
The American Legion September 11 Memorial Scholarship Trust Fund is dedicated to providing financial aid for higher education to qualified applicants. This mission stems from the tragic loss of parents serving in the active-duty military since the terrorist attacks of September 11, 2001, or those who have been left with a 50% or more disability rating. The fund aims to support these children by offering scholarships, enabling them to pursue their college education. This initiative serves as a testament to the organization's commitment to honoring the memory of those who have made the ultimate sacrifice while serving their country.
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Impact
July, 2024
The American Legion September 11 Memorial Scholarship Trust Fund's impact lies in its crucial support for the children of military personnel who made the ultimate sacrifice in service to their country since September 11, 2001. By providing scholarships to these deserving individuals, the fund enables them to pursue higher education opportunities that may otherwise have been out of reach. This support not only honors the memory of the fallen but also invests in the future of their children, offering them the chance to excel academically and achieve their goals. Through the provision of education funds, the Trust Fund plays a vital role in helping these young individuals build bright and promising futures despite the challenges they have faced.
This information is meant to be a general summary of The American Legion September 11 Memorial Scholarship Trust Fund. 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: $253,417
- Gross Receipts: $6,906,866
Assets and Liabilities:
- Total Assets: $16,005,785
- Total Liabilities: $222,780
- Net Assets: $15,783,005
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Organization Details
Founding Year
2002
Phone
(317) 630-1200Main Address
PO Box 1055, Indianapolis, IN, 46206
NTEE Category
Code: B82 - Education
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