Overview
What is West Virginia University Alumni Assoc Loyalty Permanent Endowment?
West Virginia University Alumni Assoc Loyalty Permanent Endowment is a charitable organization, established by the West Virginia University Alumni Association in 1937. Located in Morgantown, West Virginia, this nonprofit entity holds an exempt status under Section 501(C)6 and Section 501(C) of the Internal Revenue Code. The main objective of the endowment is to provide financial aid in the form of scholarships to deserving students at West Virginia University. The net income generated from the endowment is managed by a committee appointed from the Alumni Association, which utilizes the funds for specified purposes, including administrative expenses at the university.
Is West Virginia University Alumni Assoc Loyalty Permanent Endowment legitimate?
West Virginia University Alumni Assoc Loyalty Permanent Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia University Alumni Assoc Loyalty Permanent Endowment 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 West Virginia University Alumni Assoc Loyalty Permanent Endowment?
The West Virginia University Alumni Assoc Loyalty Permanent Endowment, established in 1937, is primarily focused on providing scholarships to students at West Virginia University. This endowment, exempt under relevant tax codes, directs its net income towards specific purposes as outlined in its trust indenture. These purposes include funding for maintenance and administrative expenses at the university, as well as the allocation of scholarships to selected students at West Virginia University. The trust committee, comprised of appointed members from the alumni association, is responsible for utilizing these funds to fulfill these objectives.
Who is the CEO of West Virginia University Alumni Assoc Loyalty Permanent Endowment?
Unavailable
What is the revenue of West Virginia University Alumni Assoc Loyalty Permanent Endowment?
West Virginia University Alumni Assoc Loyalty Permanent Endowment's revenue in 2022 was $1,295,710.
Who are the executives of West Virginia University Alumni Assoc Loyalty Permanent Endowment and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $53,411
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Where can I find the form 990 for West Virginia University Alumni Assoc Loyalty Permanent Endowment?
West Virginia University Alumni Assoc Loyalty Permanent Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Virginia University Alumni Assoc Loyalty Permanent Endowment
The West Virginia University Alumni Assoc Loyalty Permanent Endowment, established in 1937, is a charitable organization with a primary mission to provide financial aid to students attending West Virginia University (WVU). According to the trust indenture, the fund is exempt under Section 501(C) of the Internal Revenue Code, and its purpose is to support the university's maintenance and administrative expenses and offer scholarships to eligible WVU students. The trust committee, composed of duly appointed members from the Alumni Association, is responsible for deciding which students will receive the scholarships based on specified criteria. The fund's primary objective is to contribute to the educational journey of WVU students, thereby supporting the university's mission of providing quality education.
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Impact
October, 2024
The West Virginia University Alumni Association Loyalty Permanent Endowment significantly impacts students at West Virginia University by providing crucial scholarships that alleviate financial burdens and enhance educational opportunities. Established under a trust indenture in 1937, the fund ensures that a portion of its net income is dedicated to supporting students through financial assistance.
By empowering selected students with scholarship funding, this endowment fosters academic success and access to higher education for individuals who may otherwise struggle to afford it. This financial support can enable students to focus on their studies, participate in extracurricular activities, and reduce the need for student loans, ultimately contributing to a more fulfilling university experience. Beyond individual scholarships, the endowment also supports the operational needs of the university, ensuring a well-rounded educational environment.
Through its sustained efforts, the endowment not only nurtures the personal and academic growth of students but also strengthens the overall mission of West Virginia University, fostering a sense of community and loyalty among alumni and encouraging ongoing support for future generations.
This information is meant to be a general summary of West Virginia University Alumni Assoc Loyalty Permanent Endowment. 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: $1,223,274
- Gross Receipts: $15,098,643
Assets and Liabilities:
- Total Assets: $14,439,407
- Total Liabilities: $11,999
- Net Assets: $14,427,408
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Organization Details
Founding Year
1937
Main Address
466 CHESTNUT RIDGE ROAD, MORGANTOWN, WV, 26505
NTEE Category
Code: B84Z - Education
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