Overview
What is Educational Foundation Scholarship Endowment Trust?
The Educational Foundation Scholarship Endowment Trust is a nonprofit entity established to support scholarships for student-athletes attending the University of North Carolina at Chapel Hill. Operating under the guidance of the Educational Foundation, Inc., it channels funds to this organization to provide financial aid for deserving athletes. Organized specifically for this charitable purpose, the Trust functions as the Foundation's agent in distributing scholarships.
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What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Educational Foundation Scholarship Endowment Trust has achieved an impressive score of 96%, reflecting its strong commitment to accountability and financial health. With a perfect score in several key areas, the organization demonstrates a high level of transparency and governance, with an independent board composed entirely of members who are not affiliated with the organization.
One of the standout features of the trust is its financial efficiency, highlighted by a program expense ratio of 98.94%. This indicates that a substantial majority of funds raised are directed toward its educational programs and scholarships, ensuring that donations are effectively utilized to support its mission. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower protections, which further enhance its integrity.
There are no noted limitations in the data provided, showcasing that the organization operates without any material diversions of assets and maintains sound financial practices. Overall, the Educational Foundation Scholarship Endowment Trust exemplifies a well-managed nonprofit committed to its educational goals.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Foundation Scholarship Endowment Trust legitimate?
Educational Foundation Scholarship Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Foundation Scholarship Endowment Trust 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 Educational Foundation Scholarship Endowment Trust?
The Educational Foundation Scholarship Endowment Trust is a charitable organization dedicated to providing financial assistance for scholarships for student-athletes at the University of North Carolina at Chapel Hill. Established for this specific purpose, the Trust operates under the guidance of the Educational Foundation, Inc., acting as its agent to distribute funds. The Trust's primary goal is to support deserving student-athletes in their academic pursuits, with the aim of fostering their personal and athletic development. The Trust's disbursements to the Educational Foundation enable the provision of valuable scholarships to these talented individuals.
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What is the revenue of Educational Foundation Scholarship Endowment Trust?
Educational Foundation Scholarship Endowment Trust's revenue in 2024 was $23,391,900.
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Who are the executives of Educational Foundation Scholarship Endowment Trust and what are their salaries?
There 200 volunteers at Educational Foundation Scholarship Endowment Trust.
Here are 10 key members and their salaries:
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- Related: $649,327
- Other: $36,024
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- Related: $322,280
- Other: $35,344
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- Related: $263,040
- Other: $31,877
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- Related: $240,279
- Other: $29,892
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- Related: $118,205
- Other: $22,521
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Where can I find the form 990 for Educational Foundation Scholarship Endowment Trust?
Educational Foundation Scholarship Endowment Trust's most recent form 990 was submitted in 2024 and can be accessed here.
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Learn more at the official website: www.ramsclub.com
Mission Statement of Educational Foundation Scholarship Endowment Trust
The Educational Foundation Scholarship Endowment Trust is a charitable entity dedicated to forwarding funds to the Educational Foundation, Inc. for the provision of scholarships to student-athletes at the University of North Carolina at Chapel Hill. Established specifically for this purpose, the Trust functions as the Foundation's agent in granting financial assistance to deserving athletes.
The Trust's mission revolves around bolstering the educational pursuits of student-athletes at the University of North Carolina at Chapel Hill. By distributing funds to the Educational Foundation, it enables the organization to award scholarships to these talented individuals. The Trust's operation is exclusively focused on this objective, with its activities overseen and managed by the Educational Foundation, Inc.
The Educational Foundation Scholarship Endowment Trust plays a vital role in supporting student-athletes at the University of North Carolina at Chapel Hill. Through its financial contributions, it empowers these athletes to focus on their academics while participating in their respective sports, thereby fostering a well-rounded college experience. The Trust's dedication to this cause ensures that deserving student-athletes receive the necessary financial assistance to further their education and pursue their athletic passions.
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Impact
October, 2024
The Educational Foundation Scholarship Endowment Trust plays a vital role in supporting student-athletes at the University of North Carolina at Chapel Hill by providing essential financial assistance through scholarships. By forwarding distributions to the Educational Foundation, Inc., the Trust ensures that deserving student-athletes can access the resources necessary to pursue their academic and athletic goals.
This support not only alleviates the financial burden on student-athletes but also enhances their overall college experience, allowing them to focus on both their studies and training. By investing in the education of these young individuals, the Trust contributes to their personal and professional development, fostering a culture of excellence both on and off the field.
Through its dedicated efforts, the Educational Foundation Scholarship Endowment Trust helps cultivate the next generation of leaders in sports and education, reinforcing the importance of balanced achievements in academics and athletics.
This information is meant to be a general summary of Educational Foundation Scholarship Endowment Trust. 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.
- Investment Income: $2,192
- Gross Receipts: $23,467,975
Assets and Liabilities:
- Total Assets: $400,369,374
- Total Liabilities: $17,748
- Net Assets: $400,351,626
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Organization Details
Founding Year
1968
Principal Officer
John Montgomery
Website
www.ramsclub.comNTEE Category
Code: B820 - Education
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