Overview
What is George T Veal Memorial Fund Highground Advisors?
George T Veal Memorial Fund Highground Advisors is a nonprofit organization situated in Dallas, Texas, specifically at 1717 Main St STE 1400. The primary objective of this organization is to distribute its income to two other charitable entities: Baylor Scott & White Dallas Foundation and Buckner Foundation, both based in Dallas, Texas. These organizations fall under the category described in section 170(c) (2) of the United States tax code and are operated under the auspices of the Baptist General Convention of Texas, an association of Baptist churches. This nonprofit's mission aligns with these charitable organizations, supporting their causes and initiatives.
Is George T Veal Memorial Fund Highground Advisors legitimate?
George T Veal Memorial Fund Highground Advisors is a legitimate nonprofit organization registered as a 501(c)(3) entity. George T Veal Memorial Fund Highground Advisors 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 George T Veal Memorial Fund Highground Advisors?
The George T Veal Memorial Fund Highground Advisors, as specified in its trust instrument, directs its income to be distributed to two 501(c)(2) charitable organizations: the Baylor Scott & White Dallas Foundation and the Buckner Foundation, both operating under the auspices of the Baptist General Convention of Texas. The goal of these distributions is to support the charitable work carried out by these organizations, which aligns with their status as tax-exempt entities as outlined in Section 170(c) of the U.S. Internal Revenue Code. In essence, the George T Veal Memorial Fund Highground Advisors contributes to the charitable efforts of these organizations, thereby contributing to their respective missions and causes.
What is the revenue of George T Veal Memorial Fund Highground Advisors?
George T Veal Memorial Fund Highground Advisors's revenue in 2023 was $69,013.
Who are the executives of George T Veal Memorial Fund Highground Advisors 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 George T Veal Memorial Fund Highground Advisors?
George T Veal Memorial Fund Highground Advisors's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of George T Veal Memorial Fund Highground Advisors
George T. Veal Memorial Fund Highground Advisors, as outlined by its trust instrument, is dedicated to channeling its income to two charitable organizations falling under section 170(c) (2) of the Internal Revenue Code. These organizations, Baylor Scott & White Dallas Foundation and Buckner Foundation, are operated under the auspices of the Baptist General Convention of Texas, a collective body of Baptist churches in Dallas, Texas. The mission of George T. Veal Memorial Fund Highground Advisors, therefore, is to support these two charitable entities in fulfilling their roles within the Baptist community. By doing so, the fund contributes to the broader mission of these organizations, which are likely focused on providing aid, resources, and support to various communities and individuals in need.
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Impact
October, 2024
The George T Veal Memorial Fund, through its trust activities, significantly impacts the community by directing essential financial support to the Baylor Scott & White Dallas Foundation and the Buckner Foundation in Dallas, Texas. With a structured distribution of income—approximately $33,624 to Baylor Scott & White and $33,625 to Buckner Foundation—this fund facilitates vital programs and services provided by these organizations.
The Baylor Scott & White Dallas Foundation plays a crucial role in enhancing healthcare access and quality, while the Buckner Foundation focuses on improving the lives of vulnerable populations through initiatives in foster care, senior services, and community development. By channeling resources to these significant entities, the George T Veal Memorial Fund contributes toward fostering health, well-being, and social upliftment within the Dallas community, positively influencing countless lives aligned with the values upheld by the Baptist General Convention of Texas.
This information is meant to be a general summary of George T Veal Memorial Fund Highground Advisors. 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 2023.
- Investment Income: $69,013
- Gross Receipts: $69,013
Assets and Liabilities:
- Total Assets: $495,391
- Total Liabilities: $111
- Net Assets: $495,280
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Organization Details
Founding Year
1950
Principal Officer
Highground Advisors
NTEE Category
Code: T22Z - Philanthropy
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