Overview
What is Rice Trust Inc?
Rice Trust Inc serves as a trustee for charitable remainder trusts, with the ultimate beneficiary being William Marsh Rice University, a recognized nonprofit organization under IRC Section 501(C)(3). The mission of Rice Trust Inc is to support William Marsh Rice University, ensuring its continued growth and success. By overseeing charitable remainder trusts, Rice Trust Inc plays a crucial role in providing ongoing financial support to the university, thus contributing to its ongoing mission and development.
Is Rice Trust Inc legitimate?
Rice Trust Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Rice Trust Inc 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
For more financial information, click here
What is the mission statement of Rice Trust Inc?
Rice Trust Inc, acting as a trustee, primarily supports William Marsh Rice University. This support is in the form of managing charitable remainder trusts, with the ultimate beneficiary being the IRC Section 501(C)(3) organization, William Marsh Rice University. The mission of Rice Trust Inc can be understood as its commitment to contributing to the well-being and growth of William Marsh Rice University, a renowned educational institution. By managing these trusts, Rice Trust Inc plays a significant role in supporting the university's ongoing operations and activities.
Who is the CEO of Rice Trust Inc?
Unavailable
What is the revenue of Rice Trust Inc?
Rice Trust Inc's revenue in 2022 was $556,542.
Who are the executives of Rice Trust Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $156,976
- Other: $26,952
- Compensation: $0
- Related: $273,954
- Other: $62,696
- Compensation: $0
- Related: $381,738
- Other: $70,578
- Compensation: $0
- Related: $464,084
- Other: $61,135
- Compensation: $0
- Related: $532,467
- Other: $65,982
- Compensation: $0
- Related: $189,161
- Other: $24,435
Where can I find the form 990 for Rice Trust Inc?
Rice Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rice Trust Inc
Rice Trust Inc, as a trustee, is dedicated to supporting William Marsh Rice University. This mission is accomplished through the management of charitable remainder trusts. Ultimately, the benefits derived from these trusts are intended to benefit William Marsh Rice University, a recognized 501(c)(3) organization. By serving as a trustee, Rice Trust Inc plays a crucial role in supporting the educational and charitable endeavors of William Marsh Rice University.
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Impact
October, 2024
Rice Trust Inc significantly impacts the funding and resources available to William Marsh Rice University in Houston, Texas. By serving as a trustee for charitable remainder trusts, it channels essential financial support that enhances the university's ability to provide quality education, research opportunities, and facilities. The trust enables donors to contribute to the university's long-term sustainability while enjoying potential tax benefits, thus fostering a culture of philanthropy within the community. This financial backing ultimately supports various programs, scholarships, and innovative projects at Rice University, reinforcing its mission to excel in education and research.
This information is meant to be a general summary of Rice Trust Inc. 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: $243,549
- Gross Receipts: $892,304
Assets and Liabilities:
- Total Assets: $3,853,083
- Total Liabilities: $4,811
- Net Assets: $3,848,272
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Organization Details
Founding Year
1971
Phone
(713) 348-4927Main Address
6100 Main Street MS-70, Houston, TX, 770051892
NTEE Category
Code: T00 - Philanthropy
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