Overview
What is Thomas L Jr & Grace P Downs Scholarship Fund?
The Thomas L Jr & Grace P Downs Scholarship Fund is a nonprofit organization with a mission to support Southwestern University, Texas Wesleyan University, and Southern Methodist University, as outlined in its trust instrument. The organization adheres to this mission by providing aid to these universities, specifically focusing on Southern Methodist University and Texas Wesleyan University. The exact nature of the support provided by the fund is not specified in the information provided.
Is Thomas L Jr & Grace P Downs Scholarship Fund legitimate?
Thomas L Jr & Grace P Downs Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas L Jr & Grace P Downs Scholarship 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: $62,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Thomas L Jr & Grace P Downs Scholarship Fund?
The Thomas L Jr & Grace P Downs Scholarship Fund, as outlined in its trust instrument, is committed to providing support to three specific educational institutions: Southwestern University, Texas Wesleyan University, and Southern Methodist University. Adhering to this mission, the organization carries out its activities, primarily focusing on backing Southern Methodist University and Texas Wesleyan University. The primary objective of the fund is not explicitly stated, but its actions indicate a dedication to supporting these universities in some capacity.
What is the revenue of Thomas L Jr & Grace P Downs Scholarship Fund?
Thomas L Jr & Grace P Downs Scholarship Fund's revenue in 2024 was $331,524.
Who are the executives of Thomas L Jr & Grace P Downs Scholarship Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $79,643
- Related: $0
- Other: $0
Where can I find the form 990 for Thomas L Jr & Grace P Downs Scholarship Fund?
Thomas L Jr & Grace P Downs Scholarship Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Thomas L Jr & Grace P Downs Scholarship Fund
The Thomas L Jr & Grace P Downs Scholarship Fund, as outlined in its trust instrument, is committed to providing support to three esteemed educational institutions: Southwestern University, Texas Wesleyan University, and Southern Methodist University. Adhering to this mandate, the organization carries out its mission by offering assistance to these universities, with a notable focus on Southern Methodist University and Texas Wesleyan University. The organization's programs are designed with this mission in mind, aiming to contribute positively to the academic pursuits of students at these universities.
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Impact
October, 2024
The Thomas L Jr & Grace P Downs Scholarship Fund significantly enhances educational access and opportunities for students at Southwestern University, Texas Wesleyan University, and Southern Methodist University. By providing financial support through scholarships, the Fund alleviates the burden of tuition and associated expenses, enabling students to focus on their academic and personal growth. This initiative fosters a diverse learning environment and encourages students from various backgrounds to pursue higher education. The Fund’s commitment to these institutions reflects a dedication to nurturing future leaders and professionals who will positively impact their communities and beyond. Through its targeted support, the scholarship fund plays a vital role in shaping the educational landscape of the region.
This information is meant to be a general summary of Thomas L Jr & Grace P Downs Scholarship 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 2024.
- Investment Income: $306,050
- Gross Receipts: $1,210,651
Assets and Liabilities:
- Total Assets: $8,663,790
- Total Liabilities: $0
- Net Assets: $8,663,790
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Organization Details
Founding Year
1980
Principal Officer
Debbie Broemsen
NTEE Category
Code: B82 - Education
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