Overview
What is The Peter G Colton Memorial Fund?
The Peter G Colton Memorial Fund is a charitable organization, established under section 501(c)(3) of the Internal Revenue Code, with a mission to provide scholarships for educational pursuits. Based in Winchester, Massachusetts, specifically at 10 Winchester Place 103, this memorial fund primarily focuses on supporting scholar-athletes in the University of Massachusetts football program. Fundraising activities include charity golf tournaments, donations, sponsorships, t-shirt sales, and golf registration fees. The organization strives to expand its support to additional educational institutions in the future, with the awarded funds directly granted to the educational institutions to provide scholarships or awards.
Official website here: www.pgcmemorialfund.org
Is The Peter G Colton Memorial Fund legitimate?
The Peter G Colton Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Peter G Colton Memorial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.pgcmemorialfund.org
What is the mission statement of The Peter G Colton Memorial Fund?
The Peter G Colton Memorial Fund is established with a mission to provide scholarships for the educational pursuits of scholar-athletes, specifically within the University of Massachusetts football program. Initially, the fund aims to establish a scholarship at the university. However, it may expand its support to other educational institutions in the future. The organization operates under Section 501(c)(3) of the Internal Revenue Code, enabling it to use funds for charitable purposes related to granting scholarships or awards. The funds are directly given to the educational institutions to dispense the scholarships or awards based on their discretion.
Official website here: www.pgcmemorialfund.org
What is the revenue of The Peter G Colton Memorial Fund?
The Peter G Colton Memorial Fund's revenue in 2023 was $198,070.
Official website here: www.pgcmemorialfund.org
Who are the executives of The Peter G Colton Memorial Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pgcmemorialfund.org
Where can I find the form 990 for The Peter G Colton Memorial Fund?
The Peter G Colton Memorial Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pgcmemorialfund.org
Learn more at the official website: www.pgcmemorialfund.org
Mission Statement of The Peter G Colton Memorial Fund
The Peter G Colton Memorial Fund is a charitable organization with a mission to provide scholarships for the educational pursuits of scholar-athletes in the Umass football program. Established in memory of Peter G Colton, the fund aims to initiate a scholarship fund at the University of Massachusetts, with potential future expansions to support other educational institutions. The organization operates under section 501(c)(3) of the Internal Revenue Code, which designates it as a nonprofit entity dedicated to charitable purposes. The funds granted by the memorial fund are directly administered by the educational institutions themselves, to be used for scholarships or awards at their discretion.
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Impact
October, 2024
The Peter G Colton Memorial Fund significantly impacts the educational journeys of scholar-athletes in the UMass football program by providing dedicated scholarships that encourage academic excellence alongside athletic commitment. By organizing events like the first annual charity golf tournament, the fund generates revenue through donations, sponsorships, T-shirt sales, and golf registration fees, creating a robust financial foundation for these scholarships.
The mission focuses primarily on establishing a scholarship fund at the University of Massachusetts, enhancing opportunities for deserving athletes to further their education. This initiative not only supports individual ambitions but also fosters a culture of academic achievement in the realm of athletics. Looking ahead, the fund has the potential to expand its reach, offering support to other educational institutions and helping more scholar-athletes pursue their educational goals. Ultimately, the Peter G Colton Memorial Fund serves as a vital resource, empowering the next generation of leaders both on and off the field.
This information is meant to be a general summary of The Peter G Colton Memorial 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 2023.
- Investment Income: $5,012
- Gross Receipts: $198,070
Assets and Liabilities:
- Total Assets: $137,915
- Total Liabilities: $0
- Net Assets: $137,915
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Organization Details
Founding Year
2022
Principal Officer
Anna Colton
Website
www.pgcmemorialfund.orgNTEE Category
Code: B82 - Education
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