Overview
What is Mary R Gallaspy Charitable Trust No Two?
The Mary R Gallaspy Charitable Trust No Two, situated in Natchitoches, Louisiana, is a philanthropic entity that has allocated its income towards establishing two equal scholarship funds. These funds are intended for undergraduate students pursuing majors in mathematics or a related field, as well as in business or education, at Northwestern State University. The trust's income is managed by the Northwestern State University Foundation, as per its trust instrument's directive.
Is Mary R Gallaspy Charitable Trust No Two legitimate?
Mary R Gallaspy Charitable Trust No Two is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary R Gallaspy Charitable Trust No Two 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: $27,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mary R Gallaspy Charitable Trust No Two?
The Mary R Gallaspy Charitable Trust No Two, as outlined in its trust instrument, directs the use of its income exclusively for establishing two equal scholarship funds for undergraduate students at Northwestern State University. Specifically, one scholarship fund is designated for students majoring in mathematics or a related field, while the other is for students majoring in business or education. The purpose of these scholarships is to provide financial assistance to eligible undergraduate students at the university. The trust does not have a broader mission beyond this specific scholarship establishment mandate.
Who is the CEO of Mary R Gallaspy Charitable Trust No Two?
Drake Owens is the Trustee of Mary R Gallaspy Charitable Trust No Two.
What is the revenue of Mary R Gallaspy Charitable Trust No Two?
Mary R Gallaspy Charitable Trust No Two's revenue in 2022 was $7,568,243.
Who are the executives of Mary R Gallaspy Charitable Trust No Two and what are their salaries?
Here are 34 key members and their salaries:
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Where can I find the form 990 for Mary R Gallaspy Charitable Trust No Two?
Mary R Gallaspy Charitable Trust No Two's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mary R Gallaspy Charitable Trust No Two
The Mary R Gallaspy Charitable Trust No Two, as outlined in its trust instrument, is committed to channeling its income solely for the purpose of establishing two equal scholarship funds. These funds are intended for undergraduate students pursuing their studies at Northwestern State University. The first scholarship fund, named the Hettie M. Fincher Scholarship, is specifically earmarked for students majoring in mathematics or a related field. On the other hand, the Mary R. Gallaspy Scholarship is intended for undergraduate students majoring in business or education. The trust aims to support and empower these students by providing them with financial assistance, thereby contributing to their academic journey at Northwestern State University.
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Impact
October, 2024
The Mary R. Gallaspy Charitable Trust No Two significantly impacts undergraduate students at Northwestern State University through the establishment of two dedicated scholarship funds. The Hettie M. Fincher Scholarship supports students pursuing mathematics or closely related fields, fostering academic achievement and encouraging future contributions to the STEM disciplines. Meanwhile, the Mary R. Gallaspy Scholarship benefits students majoring in business or education, aiding in the development of future leaders and educators.
By directing its income exclusively to these funds, the trust enhances educational opportunities and reduces the financial burden on students, ultimately contributing to a more educated and skilled workforce in Louisiana. The scholarships not only assist students in achieving their academic goals but also support the broader mission of the university to cultivate talent and drive economic growth within the region.
This information is meant to be a general summary of Mary R Gallaspy Charitable Trust No Two. 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: $732,332
- Gross Receipts: $7,568,243
Assets and Liabilities:
- Total Assets: $32,819,833
- Total Liabilities: $14,004,741
- Net Assets: $18,815,092
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Organization Details
Founding Year
2011
Phone
(318) 357-4250Principal Officer
Drake Owens
Main Address
535 UNIVERSITY PARKWAY, NATCHITOCHES, LA, 71497
NTEE Category
Code: B11 - Education
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