Overview
What is The Asc Trust At The University Of Southern California?
The Annenberg School for Communication Trust, abbreviated as THE ASC TRUST at the University of Southern California, is a charitable organization based in Pennsylvania, specifically at the address c/o John R Latourette Jr, 1500 Marke, Philadelphia, PA 19102. Established under the laws of the Commonwealth of Pennsylvania, its primary purpose is to support the Annenberg School for Communication and Journalism at the University of Southern California. This educational institution, located in Los Angeles, California, focuses on the study of communications and is classified as a non-profit organization under Sections 501(c)(3) and 170(b)(1)(A)(ii) of the Internal Revenue Code. The ASC TRUST makes distributions of its principal and income to the Annenberg School, with a reported distribution of $6,097,171 during the taxable year in question. Its activities are limited to supporting the Annenberg School, acting as a "Type III" supporting organization as per an IRS Determination letter dated February 7, 2011.
Is The Asc Trust At The University Of Southern California legitimate?
The Asc Trust At The University Of Southern California is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Asc Trust At The University Of Southern California 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:
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What is the mission statement of The Asc Trust At The University Of Southern California?
The Asc Trust at the University of Southern California is established with the primary mission to support the Annenberg School for Communication and Journalism at the University of Southern California. The trust's activities are limited to making distributions of its principal and income to the Annenberg School, which is a component part of the University of Southern California. The Annenberg School is a non-profit organization, as per the Internal Revenue Code, and is governed and operated by the Trustees of the University of Southern California. During the taxable year in question, the trust distributed a significant amount to the Annenberg School, furthering its mission to support communications and journalism education.
Who is the CEO of The Asc Trust At The University Of Southern California?
John R Latourette Jr is the Trustee of The Asc Trust At The University Of Southern California.
What is the revenue of The Asc Trust At The University Of Southern California?
The Asc Trust At The University Of Southern California's revenue in 2022 was $8,374,768.
Who are the executives of The Asc Trust At The University Of Southern California and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for The Asc Trust At The University Of Southern California?
The Asc Trust At The University Of Southern California's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Asc Trust At The University Of Southern California
The Asc Trust at the University of Southern California is dedicated to supporting the Annenberg School for Communication and Journalism. This mission is aimed at bolstering the academic and research endeavors of the Annenberg School, which is a component part of the University of Southern California. The trustees of The Asc Trust make distributions of both principal and income to the Annenberg School, contributing a significant sum of $6,097,171 during the taxable year in question. By providing financial support, The Asc Trust at the University of Southern California plays a crucial role in enhancing the Annenberg School's ability to continue its mission of educating students in the field of communication and journalism.
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Impact
October, 2024
The Asc Trust at the University of Southern California significantly impacts the Annenberg School for Communication and Journalism by providing essential financial support. With contributions totaling over $6 million during the recent fiscal year, the Trust enables the school to enhance its programs, faculty recruitment, research initiatives, and student resources. This financial backing is crucial for maintaining a leading position in communication studies and journalism education.
By fostering robust educational opportunities and innovative research, the Trust helps to shape future leaders in communication and media. Its support not only strengthens the academic environment at the Annenberg School but also contributes to broader advancements in the field, addressing critical issues in media and communication in today's rapidly changing landscape.
In essence, the Trust’s resources empower the Annenberg School to pursue its mission more effectively, ensuring that students and faculty can engage in high-quality education and impactful research that resonates beyond the university, ultimately benefiting society as a whole.
This information is meant to be a general summary of The Asc Trust At The University Of Southern California. 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: $8,200,680
- Gross Receipts: $8,374,768
Assets and Liabilities:
- Total Assets: $111,772,784
- Total Liabilities: $0
- Net Assets: $111,772,784
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Organization Details
Founding Year
2002
Phone
(215) 575-7000Principal Officer
John R Latourette Jr
Main Address
c/o John R Latourette Jr 1500 Marke, Philadelphia, PA, 19102
NTEE Category
Code: E114 - Health
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