Overview
What is Eugene And Jeanne Savage Scholarship Fund?
The Eugene and Jeanne Savage Scholarship Fund is a charitable organization that was established following Jeanne Savage's demise. It received tax-exempt status in February 2018 and began distributing funds in 2018, following a court order. The primary mission of this fund is to support financially disadvantaged yet deserving undergraduate students. It has allocated scholarship funds to two universities, specifically McDaniel College in Westminster, Maryland, and Stevenson University in Stevenson, Maryland, each receiving $120,000 in 2022. The fund's trustee is Kevin J Zinkand Sr.
Is Eugene And Jeanne Savage Scholarship Fund legitimate?
Eugene And Jeanne Savage Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eugene And Jeanne Savage Scholarship Fund 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: $12,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Eugene And Jeanne Savage Scholarship Fund?
The Eugene and Jeanne Savage Scholarship Fund's mission is centered around awarding scholarship funds to undergraduate students in need, specifically those attending McDaniel College and Stevenson University. The fund aims to provide financial support to worthy individuals, contributing to their educational pursuits and enabling their academic growth. The scholarship fund, established following Jeanne Savage's demise, has granted scholarship funds to both institutions in significant amounts, as evidenced by the distribution of $120,000 each to McDaniel College and Stevenson University in 2022.
Who is the CEO of Eugene And Jeanne Savage Scholarship Fund?
Kevin J Zinkand Sr is the Trustee of Eugene And Jeanne Savage Scholarship Fund.
What is the revenue of Eugene And Jeanne Savage Scholarship Fund?
Eugene And Jeanne Savage Scholarship Fund's revenue in 2022 was $97,017.
Who are the executives of Eugene And Jeanne Savage Scholarship Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $12,562
- Related: $0
- Other: $0
Where can I find the form 990 for Eugene And Jeanne Savage Scholarship Fund?
Eugene And Jeanne Savage Scholarship Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eugene And Jeanne Savage Scholarship Fund
The Eugene and Jeanne Savage Scholarship Fund, established following Jeanne Savage's demise, is committed to granting scholarship funds to deserving and financially struggling undergraduate students. This nonprofit organization has allocated funds to two esteemed educational institutions: McDaniel College in Westminster, Maryland, and Stevenson University in Stevenson, Maryland. In 2022, the fund awarded a generous sum of $120,000 to each institution, demonstrating its unwavering dedication to supporting the higher education of financially challenged students. The Eugene and Jeanne Savage Scholarship Fund serves as a beacon of hope for those in need, enabling them to pursue their academic dreams and secure a brighter future.
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Impact
October, 2024
The Eugene And Jeanne Savage Scholarship Fund significantly enhances access to higher education for deserving undergraduate students at McDaniel College and Stevenson University. By awarding $120,000 in scholarship funds to each institution in 2022, the fund directly alleviates financial burdens for students in need, enabling them to pursue their academic goals without the overwhelming stress of tuition costs.
This financial support not only makes education more accessible but also fosters a diverse learning environment, enriching the academic community at both colleges. The fund's mission, rooted in the legacy of Jeanne Savage, emphasizes the importance of education and the belief that every student deserves the opportunity to succeed, regardless of their financial situation.
Through its impactful scholarship offerings, the Eugene And Jeanne Savage Scholarship Fund empowers students to thrive academically and prepares them for successful futures, thereby contributing to the overall betterment of society.
This information is meant to be a general summary of Eugene And Jeanne Savage Scholarship Fund. 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: $97,017
- Gross Receipts: $2,501,333
Assets and Liabilities:
- Total Assets: $5,952,055
- Total Liabilities: $0
- Net Assets: $5,952,055
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Organization Details
Founding Year
2017
Phone
(410) 967-6284Principal Officer
Kevin J Zinkand Sr
Main Address
9233 Hines Estates Drive, Parkville, MD, 212341368
NTEE Category
Code: T50 - Philanthropy
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