Overview
What is Tift Endowment Fund Inc?
Tift Endowment Fund Inc, based in Port Isabel, Texas, serves as a nonprofit organization that utilizes grants generated by the Texas International Fishing Tournament to fund scholarships. Their primary mission is to invest in the education of individuals, providing financial aid to deserving students. The Endowment Fund operates within the state of Texas and potentially beyond, fostering opportunities for academic growth and personal development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Tift Endowment Fund Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The rating is based on an 80% score that highlights a strong commitment to financial integrity, with a perfect score in several categories, such as having an entirely independent board and no material diversion of assets.
Strengths of the organization include its 100% program expense ratio, meaning all funds are directed towards its charitable missions. The board composition is also commendable, featuring all independent members, which enhances governance. However, there are areas for improvement, such as the absence of a whistleblower policy and document retention protocols, which could affect transparency and trust.
Overall, while the Tift Endowment Fund demonstrates a strong commitment to its mission and sound financial practices, addressing the noted deficiencies in governance policies could further strengthen its operational effectiveness and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Tift Endowment Fund Inc legitimate?
Tift Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tift Endowment Fund 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 Tift Endowment Fund Inc?
Tift Endowment Fund Inc's mission is centered around awarding scholarships to individuals, utilizing grants generated from the Texas International Fishing Tournament, Inc. The endowment fund's primary objective is to support education by providing financial aid to deserving students. By granting scholarships, the fund aims to contribute to the academic growth and success of these students, potentially opening up opportunities for them in their future endeavors. The scholarships are a testament to the fund's commitment to investing in the future generations, fostering their educational development.
Who is the CEO of Tift Endowment Fund Inc?
Sara Tippit is the Vice President of Tift Endowment Fund Inc.
What is the revenue of Tift Endowment Fund Inc?
Tift Endowment Fund Inc's revenue in 2022 was $78,997.
Who are the executives of Tift Endowment Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Tift Endowment Fund Inc?
Tift Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tift Endowment Fund Inc
Tift Endowment Fund Inc, a distinguished organization, is dedicated to awarding scholarships using grants obtained from the Texas International Fishing Tournament, Inc. Their primary mission is to provide financial assistance to deserving individuals, fostering educational opportunities and community development. The endowment fund relies on the proceeds from the Texas International Fishing Tournament to fund these scholarships, thereby investing in the future of its recipients and promoting education as a key to personal growth and societal progress.
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Impact
August, 2024
Tift Endowment Fund Inc's impact lies in providing scholarships to deserving individuals through grants from the Texas International Fishing Tournament, Inc. This support plays a vital role in furthering education and empowering students to achieve their academic and career goals. By awarding scholarships, Tift Endowment Fund Inc contributes to the development of individuals and the community by investing in education, creating opportunities for learning, and fostering future leaders.
This information is meant to be a general summary of Tift Endowment Fund 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: $26,997
- Gross Receipts: $78,997
Assets and Liabilities:
- Total Assets: $823,216
- Total Liabilities: $0
- Net Assets: $823,216
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Organization Details
Founding Year
1973
Principal Officer
Sara Tippit
Main Address
402 EAST TYLER, PORT ISABEL, TX, 78578
NTEE Category
Code: B82 - Education
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