Overview
What is Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee?
The Richard Fay Warner Scholarship Tuw, overseen by Regions Bank Trust Dept Trustee, is a designated fund aimed at generating income. The annual income derived from this trust is utilized to support the Richard Fay Warner Scholarship Fund at the University of Florida. This financial aid initiative serves to provide educational assistance to beneficiaries, contributing to their academic pursuits and personal growth.
Is Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee legitimate?
Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee 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: $4,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee?
The Richard Fay Warner Scholarship Tuw Regions Bank Trust Dept Trustee's mission is centered around the investment of assets to generate annual income. According to the trust document, this income is then utilized to fund the Richard Fay Warner Scholarship Fund at the University of Florida. The primary objective of this scholarship fund is to support students financially, promoting educational opportunities and empowering them to pursue their academic goals. The trust does not have a mission statement per se, but its purpose and function are to generate income for the scholarship fund.
Who is the CEO of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee?
Regions Bank is the Trustee of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee.
What is the revenue of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee?
Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee's revenue in 2022 was $9,337.
Who are the executives of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $4,219
- Related: $0
- Other: $0
Where can I find the form 990 for Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee?
Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee
The Richard Fay Warner Scholarship, managed by Tuw Regions Bank Trust Dept Trustee, is a scholarship fund that serves a specific purpose. The trust document governing this fund stipulates that the annual income generated from the assets invested within the trust should be utilized to support the Richard Fay Warner Scholarship Fund at the University of Florida. The mission of this scholarship fund, therefore, is to invest its assets in a way that generates a steady income stream, with the goal of using this income to provide financial assistance to deserving students through the Richard Fay Warner Scholarship at the University of Florida. The trust's purpose is to ensure the long-term sustainability of the scholarship fund, thereby enabling it to support students who may not otherwise have access to higher education.
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Impact
October, 2024
The Richard Fay Warners Scholarship, managed by Regions Bank Trust Department as the trustee, has a significant impact on higher education at the University of Florida. This scholarship fund is primarily supported through the net annual income generated from the trust's investments, ensuring a continuous financial resource for students.
By providing scholarships, it alleviates the financial burden on students, enabling them to pursue their educational goals without the heavy weight of tuition costs. This support not only fosters academic achievement but also encourages greater diversity and access to higher education, benefiting the broader community in Birmingham, AL, and beyond.
Furthermore, the scholarship helps cultivate future leaders and professionals who can contribute to various fields, enhancing the overall educational landscape. The ongoing investment strategy of the trust ensures that the scholarship fund remains sustainable, allowing it to adapt to changing economic conditions while consistently supporting students at the University of Florida.
This information is meant to be a general summary of Richard Fay Warners Scholarship Tuw Regions Bank Trust Dept Trustee. 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: $9,337
- Gross Receipts: $76,823
Assets and Liabilities:
- Total Assets: $220,149
- Total Liabilities: $0
- Net Assets: $220,149
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Organization Details
Founding Year
1957
Phone
(800) 276-5827Principal Officer
Regions Bank
Main Address
PO Box 10885, BIRMINGHAM, AL, 352020885
NTEE Category
Code: B82 - Education
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