Overview
What is George E Stifel Endowment Fund?
The George E Stifel Endowment Fund is a philanthropic organization situated in Wheeling, West Virginia. Their primary mission involves distributing at least 85% of their annual income, including short-term capital gains, to award scholarships and prizes to students in the 5th to 8th grades and high school within Ohio County, West Virginia. These awards are given based on academic excellence or individual achievements, as determined by the trustees. Any excess funds after these awards are directed towards scholarships for deserving students to further their education at schools administered by the Ohio County Board of Education. In cases where the trustees do not utilize all the income for prizes and scholarships in a given year, the excess is distributed equally between OVHS&E Foundation and Medical Park Foundation.
Is George E Stifel Endowment Fund legitimate?
George E Stifel Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. George E Stifel Endowment 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
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What is the mission statement of George E Stifel Endowment Fund?
The George E. Stifel Endowment Fund primarily focuses on distributing a significant portion of its annual income, including short-term capital gains, as the George E. Stifel Prizes. These prizes are awarded to students in the 5th to 8th grades and high school from public schools within Ohio County, West Virginia. The amount of each prize is determined by the trustees, and prizes in lower grades are given to the student with the highest GPA from the previous year. High school awards can be given based on overall performance or excellence in individual studies, at the discretion of the trustees. Any excess funds after prize distributions are used to provide scholarships to deserving students to further their education in schools under the Ohio County Board of Education. If the trustees do not utilize all the income for prizes and scholarships in a given year, the excess income is equally distributed between the OVHS&E Foundation and Medical Park Foundation.
Who is the CEO of George E Stifel Endowment Fund?
Joan C Stamp is the Trustee of George E Stifel Endowment Fund.
What is the revenue of George E Stifel Endowment Fund?
George E Stifel Endowment Fund's revenue in 2022 was $414,150.
Who are the executives of George E Stifel Endowment Fund and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for George E Stifel Endowment Fund?
George E Stifel Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of George E Stifel Endowment Fund
The George E. Stifel Endowment Fund is dedicated to distributing at least 85% of its accounting income, including short-term capital gains, annually. This distribution is intended for awarding the George E. Stifel Prizes to students in the fifth, sixth, seventh, and eighth grades, as well as high school students, across the public schools within Ohio County, West Virginia. The prize amounts for students in the lower grades will be determined by the trustees and will be awarded to the scholar who attained the best GPA in the previous school year. In high school, the awards may be made based on the same criteria or for excellence in individual studies, at the discretion of the trustees. Any excess funds remaining after distributing prizes will be used to provide scholarships to deserving students to obtain a better education from schools administered by the Ohio County Board of Education. In cases where the trustees do not award all of the net income for prizes and scholarships for a particular year, the excess income will be paid to the OVHS&E Foundation and Medical Park Foundation, in equal shares.
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Impact
October, 2024
The George E. Stifel Endowment Fund significantly impacts education in Ohio County, West Virginia, by recognizing and rewarding academic excellence among students. An annual distribution of at least 85% of its accounting income enables the fund to provide the George E. Stifel Prizes to students in the 5th through 8th grades, as well as high school students in public schools throughout the county. These awards are based on achieving the highest GPA in the previous school year for middle school students, while high school awards may also recognize excellence in individual subjects, as determined by the trustees.
In addition to the prizes, any surplus funds are allocated for scholarships, further supporting deserving students in their pursuit of higher education. This dual approach not only incentivizes academic achievement but also helps alleviate financial barriers to education. The fund also contributes to the OVHS&E Foundation and Medical Park Foundation, enhancing community support beyond education. Overall, the George E. Stifel Endowment Fund fosters a culture of academic excellence and provides crucial financial resources to students in the region.
This information is meant to be a general summary of George E Stifel Endowment 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: $414,150
- Gross Receipts: $424,563
Assets and Liabilities:
- Total Assets: $3,221,551
- Total Liabilities: $0
- Net Assets: $3,221,551
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Organization Details
Founding Year
1926
Phone
(304) 234-9400Principal Officer
Joan C Stamp
Main Address
1 BANK PLAZA, WHEELING, WV, 26003
NTEE Category
Code: T20 - Philanthropy
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