Overview
What is The Letourneau University Foundation?
The Letourneau University Foundation, located at 2100 South Mobberly Ave, Longview, TX 75602, is a nonprofit organization committed to supporting Letourneau University. They achieve this mission by collaborating with university alumni and constituents, assisting them in their legacy planning. The foundation then consultatively designs legacy gifts, ensuring these plans benefit Letourneau University in various ways, such as through outright bequests or charitable split-interest irrevocable trusts. The primary objective of the Letourneau University Foundation is to contribute to the university's mission of nurturing individuals who view their professional lives as a sacred calling, making mission fields of every workplace in every nation.
Is The Letourneau University Foundation legitimate?
The Letourneau University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Letourneau University Foundation 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: $120,351
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,896
For more financial information, click here
What is the mission statement of The Letourneau University Foundation?
The Letourneau University Foundation's mission is to support Letourneau University in its mission of raising individuals who view their careers as a divine calling, impacting various workplaces globally. They accomplish this mission through a professional and biblically informed approach, helping alumni and constituents design estate and legacy plans. The charity intent expressed in these plans is to benefit Letourneau University, which is then executed through consultative legacy gift designs, such as testamentary bequests and charitable split-interest irrevocable trusts.
Who is the CEO of The Letourneau University Foundation?
Thomas E Bevan is the Chancellor, Letourneau Univ. of The Letourneau University Foundation. The CEO's salary of The Letourneau University Foundation is $111,873 and their total compensation is $120,351.
What is the revenue of The Letourneau University Foundation?
The Letourneau University Foundation's revenue in 2022 was $3,412,001.
Who are the executives of The Letourneau University Foundation and what are their salaries?
The average compensation at The Letourneau University Foundation during 2022 was $85,124. There are 2 employees and 7 volunteers at The Letourneau University Foundation.
Here are 10 key members and their salaries (The Letourneau University Foundation's CEO's salary is $111,873 and their total compensation is $120,351):
- Compensation: $0
- Related: $377,383
- Other: $28,978
- Compensation: $0
- Related: $310,798
- Other: $21,442
- Compensation: $111,873
- Related: $0
- Other: $8,478
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Letourneau University Foundation?
The Letourneau University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Letourneau University Foundation
The Letourneau University Foundation, in its mission, serves as a guide, employing a professional and biblically informed approach. Its primary objective is to assist individuals in meticulously designing estate and legacy plans that expressly benefit Letourneau University. The university, recognized for its dedication to raising up individuals who view their careers as a divine calling, makes every workplace in every nation a potential mission field.
In line with its mission, The Letourneau University Foundation has engaged numerous alumni and constituents of the university. Through their collaboration, they help complete the legacy planning process. Once the alumni and constituents' wishes are established within these plans, the foundation consultatively designs legacy gifts. Some of these gifts are directed to Letourneau University through outright testamentary bequests, while others are channeled through charitable split-interest irrevocable trusts, allowing a portion of the remaining interest to benefit the university.
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Impact
October, 2024
The Letourneau University Foundation significantly impacts Letourneau University by facilitating a strong alignment between alumni legacy planning and the institution’s mission. By engaging with alumni and the wider community, the Foundation helps individuals design thoughtful estate plans that reflect their intentions to support Letourneau University.
Through a professional and biblically informed approach, the Foundation guides constituents in creating legacy gifts, whether through outright testamentary bequests or charitable split-interest irrevocable trusts. This careful planning ensures that the charitable intentions of supporters directly benefit the university's mission of preparing students who view their work as a sacred calling, effectively transforming their chosen professions into mission fields.
The result is a sustainable source of funding that enhances educational opportunities at Letourneau University, allowing it to nurture future leaders who will positively impact communities around the globe. The Foundation's work exemplifies the transformative power of planned giving, creating a lasting legacy for both the donors and the students they aim to inspire.
This information is meant to be a general summary of The Letourneau University Foundation. 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: $208,042
- Program Service Revenue: $250,945
- Gross Receipts: $3,412,001
Assets and Liabilities:
- Total Assets: $30,343,194
- Total Liabilities: $1,787,842
- Net Assets: $28,555,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENDOWMENT MANAGEMENT FEE REVENUE
Revenue
$250,945
Organization Details
Founding Year
2018
Phone
(903) 233-4110Principal Officer
Thomas E Bevan
Main Address
2100 South Mobberly Ave, Longview, TX, 75602
NTEE Category
Code: B12 - Education
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