Overview
What is Grace L Woodward Memorial Endowment Trust?
The Grace L Woodward Memorial Endowment Trust is an everlasting charitable trust primarily established to serve as a repository for donations, with the primary beneficiary being Abilene Christian University located in Abilene, Texas. The trust's purpose is to promote charitable, educational, and religious causes, in accordance with Section 501(C)(3) of the U.S. Internal Revenue Code. The trust's resources are intended for use within the continental United States, primarily to support churches of Christ and, more specifically, Abilene Christian University.
Is Grace L Woodward Memorial Endowment Trust legitimate?
Grace L Woodward Memorial Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grace L Woodward Memorial Endowment Trust 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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What is the mission statement of Grace L Woodward Memorial Endowment Trust?
The Grace L Woodward Memorial Endowment Trust is established as a perpetual, wholly-charitable trust with the primary purpose of serving as a receptacle for endowments. Operating exclusively for charitable, educational, and religious purposes, as defined under Section 501(C)(3) of the Internal Revenue Code, the trust's corpus is intended for benefiting churches of Christ within the continental United States. The endowment's funds are utilized for specific charitable purposes, contributing to the betterment of these religious institutions.
Who is the CEO of Grace L Woodward Memorial Endowment Trust?
Abilene Christian University is the Trustee of Grace L Woodward Memorial Endowment Trust.
What is the revenue of Grace L Woodward Memorial Endowment Trust?
Grace L Woodward Memorial Endowment Trust's revenue in 2022 was $1,097,374.
Who are the executives of Grace L Woodward Memorial Endowment Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Grace L Woodward Memorial Endowment Trust?
Grace L Woodward Memorial Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Grace L Woodward Memorial Endowment Trust
The Grace L Woodward Memorial Endowment Trust is established as a perpetual, wholly-charitable trust with a primary focus on supporting Abilene Christian University. Operating exclusively for charitable, educational, and religious purposes, this endowment is designed to serve as a receptacle for donations and contributions. The mission of the Grace L Woodwood Memorial Endowment Trust is to utilize its corpus solely within the continental United States, aiming to benefit the Churches of Christ. This endowment is dedicated to furthering the causes of education and religion, contributing significantly to the growth and development of Abilene Christian University.
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Impact
October, 2024
The Grace L Woodward Memorial Endowment Trust significantly impacts Abilene Christian University by providing a perpetual source of funding aimed at supporting its educational and charitable initiatives. Established specifically to benefit the university and the Churches of Christ, the trust ensures that financial resources are available to enhance student learning and support various programs aligned with the institution's mission.
By functioning as a reliable endowment, the trust contributes to the long-term sustainability of the university, allowing for the preservation and expansion of academic offerings, scholarships, and community outreach initiatives. This perpetual funding mechanism fosters an environment where educational excellence can thrive, directly benefiting students and the broader community.
Overall, the Grace L Woodward Memorial Endowment Trust plays a vital role in nurturing the values of education and faith within the framework of Abilene Christian University, reinforcing its commitment to developing future leaders grounded in Christian principles.
This information is meant to be a general summary of Grace L Woodward Memorial Endowment Trust. 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: $1,097,374
- Gross Receipts: $1,754,804
Assets and Liabilities:
- Total Assets: $46,336,469
- Total Liabilities: $0
- Net Assets: $46,336,469
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Organization Details
Founding Year
1997
Phone
(325) 674-2000Principal Officer
Abilene Christian University
Main Address
BOX 29139, ABILENE, TX, 79699
NTEE Category
Code: T00 - Philanthropy
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