Overview
What is Old Dominion University Educational Foundation?
The Old Dominion University Educational Foundation is a nonprofit organization based in Norfolk, Virginia, specifically located at 4417 Monarch Way 4th Floor, with a total of one employee. Its primary role is to support Old Dominion University by administering and distributing funds and property, contributing to the mission, objectives, and programs of the university. These supplemental funds are utilized for various purposes, including student and faculty scholarships/awards, eminent scholar professorships, faculty salaries, faculty research, university development, capital projects, and substantial support for the library and its collections.
Is Old Dominion University Educational Foundation legitimate?
Old Dominion University Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Dominion University Educational 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.
Here 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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Mission Statement of Old Dominion University Educational Foundation
The Old Dominion University Educational Foundation serves as a crucial entity in supporting the educational pursuits and objectives of Old Dominion University. Established with the primary purpose of managing and distributing funds and property, the Foundation furthers the mission of Old Dominion University in various ways.
In practice, the Old Dominion University Educational Foundation plays a vital role in supplementing the University's academic departments and special projects by providing additional financial resources. These funds are allocated towards student and faculty scholarships and awards, eminent scholar professorships, faculty salaries, and research grants. Furthermore, the Foundation contributes to the university's development, capital projects, and substantially supports the operations of the library and its collections.
By extending financial assistance, the Old Dominion University Educational Foundation enables Old Dominion University to maintain its high standards of education and research, ultimately enhancing the learning experience for students and fostering academic growth for faculty members. Through its varied initiatives, the Foundation plays a pivotal role in strengthening the academic community at Old Dominion University.
Impact
This information is meant to be a general summary of Old Dominion University Educational Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Old Dominion University Educational Foundation is significant in supporting the mission, objectives, and programs of Old Dominion University. By administering and distributing funds exclusively for the university's educational activities, the foundation plays a crucial role in providing supplemental funds to help defray operating costs of academic departments and special projects. These funds are utilized for student and faculty scholarships, eminent scholar professorships, faculty salaries, and faculty research, thereby fostering academic excellence and innovation within the university community. Additionally, the foundation contributes to university development, capital projects, and substantial support for the operations of the library and its collections, enriching the overall educational experience at Old Dominion University.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1955
Phone
(757) 683-4524
Principal Officer
Alonzo Brandon
Main Address
4417 MONARCH WAY 4TH FLOOR, NORFOLK, VA, 23529
NTEE Category
Code: B110 - Education
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