Overview
What is Southwestern Foundation?
The Southwestern Foundation, headquartered in Georgetown, Texas, is a nonprofit organization primarily dedicated to supporting Southwestern University. As outlined in its mission, the foundation manages real estate properties for the university's benefit. As of January 2022, the foundation held a significant percentage of land near Leander, Texas. In September 2022, a portion of this land was sold to the City of Leander for a Wastewater Easement. The foundation's activities are solely intended for the benefit of Southwestern University, with its resources used for charitable, scientific, literary, and educational purposes. The finances of the foundation are detailed in Part IX of the information.
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
Is Southwestern Foundation legitimate?
Southwestern Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwestern 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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Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
What is the mission statement of Southwestern Foundation?
The Southwestern Foundation's mission is centered around supporting Southwestern University. Operating with charitable, scientific, literary, and educational purposes in mind, the foundation is dedicated to benefiting and aiding the university. It manages and utilizes its assets, generating income to further contribute to the university's advancement and development, focusing solely on charitable and educational objectives for Southwestern University's betterment.
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
Who is the CEO of Southwestern Foundation?
Lenora Chapman is the Trustee & President of Southwestern Foundation.
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
What is the revenue of Southwestern Foundation?
Southwestern Foundation's revenue in 2022 was $36,940.
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
Who are the executives of Southwestern Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $692,627
- Other: $128,471
- Compensation: $0
- Related: $281,770
- Other: $32,046
- Compensation: $0
- Related: $154,521
- Other: $30,441
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
Where can I find the form 990 for Southwestern Foundation?
Southwestern Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southwestern.edu/finance-admin/southwestern-foundation
Learn more at the official website: www.southwestern.edu/finance-admin/southwestern-foundation
Mission Statement of Southwestern Foundation
The Southwestern Foundation, a nonprofit entity, is established with a primary objective to benefit and support Southwestern University. Its mission is multifaceted, encompassing charitable, scientific, literary, and educational pursuits. The Southwestern Foundation's primary role is to contribute to the betterment of Southwestern University, which it achieves by managing and utilizing its resources, including income and property, for these noble purposes. The foundation's activities are solely dedicated to serving the interests of Southwestern University, thereby contributing to the advancement of its charitable and educational endeavors.
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Impact
October, 2024
The Southwestern Foundation plays a significant role in supporting Southwestern University through the management of its resources and properties. By maintaining a legal ownership of a substantial interest in land near Leander, Texas, the Foundation enhances the university's capacity to engage in charitable, scientific, literary, and educational endeavors.
In 2022, the Foundation facilitated a successful transaction by selling 1.773 acres of this land to the City of Leander, generating income that can be reinvested into various initiatives that benefit the university. This strategic management of assets not only supports the operational needs of Southwestern University but also fosters growth and development in areas that contribute to the university's mission.
The Foundation's commitment to philanthropy and education ensures that resources are effectively utilized to promote the advancement of the university, thereby enriching the academic and community experience for students, faculty, and supporters alike.
This information is meant to be a general summary of Southwestern 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: $27,836
- Gross Receipts: $37,827
Assets and Liabilities:
- Total Assets: $82,340
- Total Liabilities: $0
- Net Assets: $82,340
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Organization Details
Founding Year
1993
Phone
(512) 863-1956Principal Officer
Lenora Chapman
Main Address
1001 East University Ave, Georgetown, TX, 78626
NTEE Category
Code: T99I - Philanthropy
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