Overview
What is Louvon Family Foundation?
The Louvon Family Foundation is a nonprofit organization based in Sumter, South Carolina. Their primary mission is to encourage and support initiatives that open opportunities and create pathways towards improved quality of life for individuals and families who have not fully benefited from the American Dream. They have launched a scholarship program called the Beautiful Possibilities Scholarship Initiative at Morris College, which aims to support underrepresented students with academic potential but limited financial resources. This scholarship covers tuition, room and board, books, and meals, providing a life-changing opportunity for many students. The foundation's efforts are focused on individuals and families who have historically faced barriers in accessing the American Dream.
Is Louvon Family Foundation legitimate?
Louvon Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louvon Family Foundation 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
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What is the mission statement of Louvon Family Foundation?
The Louvon Family Foundation's mission is to encourage, support, and conduct programs and activities that open opportunities and create pathways to improved quality of life for individuals and families who have not been able to fully benefit from the American Dream. The foundation aims to provide a springboard for underrepresented students, often the first in their families to pursue higher education, by offering full scholarships covering tuition, room and board, books, and meals. This initiative is not intended as a handout or a temporary solution, but rather an opportunity to unlock hidden possibilities that previous generations could only dream of for their descendants. The scholarship focuses on students from diverse backgrounds whose family heritage arrived in the country through opportunities such as fresh starts, second chances, and forced relocations.
What is the revenue of Louvon Family Foundation?
Louvon Family Foundation's revenue in 2024 was $177,372.
Who are the executives of Louvon Family Foundation and what are their salaries?
There 25 volunteers at Louvon Family Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Louvon Family Foundation?
Louvon Family Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Louvon Family Foundation
The Louvon Family Foundation's mission is centered around encouraging, supporting, and conducting programs and activities that create pathways to improved quality of life for individuals and families who have not fully benefited from the American Dream. This foundation believes in opening opportunities for those who have been overlooked, aiming to bridge the gap between desire and realization for a better life.
The Louvon Family Foundation's approach is best exemplified by their Beautiful Possibilities Scholarship Initiative at Morris College in Sumter, SC. This program focuses on providing full scholarships to underrepresented students who, despite academic potential, lack the financial means to attend college. The scholarship serves as a stepping stone, allowing these students to seize educational opportunities that may have seemed out of reach for their families in the past. The foundation's mission is not about handouts or addressing ongoing problems, but rather about unlocking hidden opportunities and enabling future generations to realize their intellectual potential.
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Impact
October, 2024
The Louvon Family Foundation significantly influences the lives of underrepresented students in South Carolina through its Beautiful Possibilities Scholarship Initiative at Morris College. This program is designed to address financial barriers that prevent deserving students from pursuing higher education, particularly those who are often the first in their families to consider college.
By providing full scholarships that cover tuition, room and board, books, and meals, the foundation opens doors for those who may have thought a college education was beyond their reach. This initiative not only alleviates financial concerns but also empowers students to explore their potential and seize opportunities that once seemed inaccessible.
The program focuses on enhancing the quality of life for individuals and families who have historically been denied the full benefits of the American Dream. It serves as a catalyst for change, creating pathways for success for students from diverse backgrounds and fostering a supportive environment that honors their aspirations for a better future. Ultimately, the Louvon Family Foundation's impact is profound; it transforms lives by nurturing talent, promoting education, and championing equity for future generations.
This information is meant to be a general summary of Louvon Family Foundation. 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 2024.
- Program Service Revenue: $566
- Gross Receipts: $177,372
Assets and Liabilities:
- Total Assets: $538,099
- Total Liabilities: $0
- Net Assets: $538,099
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE INTEREST
Revenue
$566
Organization Details
Founding Year
2014
Principal Officer
James V Wilson Sr
NTEE Category
Code: S20 - Community improvement
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