Overview
What is Howard Mckenna Charitable Trust 2430?
Howard Mckenna Charitable Trust #2430 is a philanthropic organization situated in San Antonio, Texas. As per its trust instrument and the guidance of its trustee, it annually distributes 5% of the net fair market value of the trust to the Mckenna Foundation, provided that the foundation continues to operate as a 501(c)(3) organization. This continuous support is integral to the Mckenna Foundation's charitable mission. The trust's activities primarily revolve around this financial contribution, which helps the Mckenna Foundation carry out its own philanthropic endeavors.
Is Howard Mckenna Charitable Trust 2430 legitimate?
Howard Mckenna Charitable Trust #2430 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Howard Mckenna Charitable Trust #2430 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: $3,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Howard Mckenna Charitable Trust 2430?
The Howard Mckenna Charitable Trust 2430 follows a specific distribution policy. It allocates 5% of its net fair market value annually to the Mckenna Foundation, provided the foundation continues to operate as a 501(c)(3) organization. This distribution is in accordance with the trust instrument and the guidance of the trustee. The trust does not have a mission statement per se, but its primary activity is supporting the Mckenna Foundation through annual financial contributions. The mission of the Mckenna Foundation would be needed to provide a comprehensive understanding of the overall objectives and goals of the charitable activities.
Who is the CEO of Howard Mckenna Charitable Trust 2430?
Frost Bank is the Debbie Broemsen, Administrator of Howard Mckenna Charitable Trust #2430.
What is the revenue of Howard Mckenna Charitable Trust 2430?
Howard Mckenna Charitable Trust 2430's revenue in 2022 was $37,264.
Who are the executives of Howard Mckenna Charitable Trust 2430 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $3,566
- Related: $0
- Other: $0
Where can I find the form 990 for Howard Mckenna Charitable Trust 2430?
Howard Mckenna Charitable Trust 2430's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Howard Mckenna Charitable Trust 2430
The Howard Mckenna Charitable Trust 2430 is committed to distributing a portion of its resources to the Mckenna Foundation, as long as the latter continues to operate as a 501(c)(3) organization. In accordance with the trust instrument and the guidance of the trustee, the Charitable Trust distributes 5% of its net fair market value annually to the Foundation. This practice ensures that a portion of the Trust's wealth is dedicated to charitable causes, specifically those supported by the Mckenna Foundation. The Trust's mission is to serve as a financial backbone, providing the Foundation with the necessary funds to carry out its charitable activities and fulfill its mission.
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Impact
October, 2024
The Howard McKenna Charitable Trust 2430 significantly impacts community initiatives by distributing 5% of its net fair market value annually to the Mckenna Foundation, contingent upon the foundation maintaining its 501(c)(3) status. This steady financial support allows the foundation to fund various programs and services that address community needs in San Antonio, TX. By committing to this annual distribution, the trust ensures a consistent flow of resources, enabling the foundation to expand its reach and enhance its effectiveness in philanthropy. The strategic financial framework provided by the trust facilitates sustainable growth for the foundation's initiatives, ultimately benefiting the broader community it serves.
This information is meant to be a general summary of Howard Mckenna Charitable Trust 2430. 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: $37,264
- Gross Receipts: $130,973
Assets and Liabilities:
- Total Assets: $817,179
- Total Liabilities: $0
- Net Assets: $817,179
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Organization Details
Founding Year
1973
Phone
(210) 220-4438Principal Officer
Frost Bank
Main Address
C/O FROST BANK TRUSTEE PO BOX 2950, SAN ANTONIO, TX, 782992950
NTEE Category
Code: T50 - Philanthropy
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