Overview
What is Mr & Mrs E H Sumners Foundation?
Mr. & Mrs. E.H. Sumners Foundation is a philanthropic organization based in Ridgeland, Mississippi, with an address at 1020 Highland Colony Parkway 200. Its primary mission is to distribute the net income of the foundation three times a year. This financial aid is allocated to five distinguished institutions of higher learning. Each institution has the responsibility to manage and utilize the trust funds through their financial aid offices, following the guidelines set by the scholarship committee of each institution. The funds are then disbursed as educational grants to deserving students, contributing to their academic pursuits.
Is Mr & Mrs E H Sumners Foundation legitimate?
Mr & Mrs E H Sumners Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mr & Mrs E H Sumners 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.
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 Mr & Mrs E H Sumners Foundation?
The Mr. & Mrs. E.H. Sumners Foundation's mission involves distributing its net income three times a year. This financial aid is then managed by five institutions of higher learning, each applying their own scholarship committee's policies to grant funds to deserving students. The foundation's primary objective is to support the education of students through these financial grants. By partnering with these institutions, the foundation contributes to the broader goal of providing access to higher education for a diverse group of students. The institutions themselves handle the distribution and selection process, ensuring that the funds are allocated in a fair and equitable manner.
Who is the CEO of Mr & Mrs E H Sumners Foundation?
Regina Fowler is the Trustee of Mr & Mrs E H Sumners Foundation.
What is the revenue of Mr & Mrs E H Sumners Foundation?
Mr & Mrs E H Sumners Foundation's revenue in 2022 was $3,498,933.
Who are the executives of Mr & Mrs E H Sumners Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $494,354
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mr & Mrs E H Sumners Foundation?
Mr & Mrs E H Sumners Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mr & Mrs E H Sumners Foundation
The Mr & Mrs E H Sumners Foundation, in its mission, distributes its net income three times a year. This generous contribution is directed towards five esteemed institutions of higher learning. Each of these institutions plays a crucial role in administering the trust funds, overseen by their respective scholarship committees. These committees are responsible for making educational grants to deserving students, ensuring that the foundation's resources are utilized effectively to support future generations seeking higher education. By following this policy, the Mr & Mrs E H Sumners Foundation is able to contribute significantly to the academic pursuits of numerous students, thereby fostering knowledge and progress.
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Impact
October, 2024
The Mr & Mrs E H Sumners Foundation significantly impacts education by providing financial support to students through grants distributed three times a year to five institutions of higher learning. Each institution leverages these funds to enhance its financial aid offerings, ensuring that deserving students receive the necessary assistance to pursue their educational goals. This collaborative approach fosters access to education, empowering students to overcome financial barriers and succeed academically. The foundation's commitment to supporting higher education not only benefits individual students but also contributes to the betterment of communities through the creation of an educated workforce.
This information is meant to be a general summary of Mr & Mrs E H Sumners Foundation. 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: $3,461,631
- Gross Receipts: $16,926,990
Assets and Liabilities:
- Total Assets: $72,070,637
- Total Liabilities: $0
- Net Assets: $72,070,637
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Organization Details
Founding Year
1977
Phone
(601) 790-8156Principal Officer
Regina Fowler
Main Address
1020 HIGHLAND COLONY PARKWAY 200, RIDGELAND, MS, 39157
NTEE Category
Code: B120 - Education
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