Overview
What is F R Babcockbabcock Urological Endow Fd?
F R Babcockbabcock Urological Endow Fd is a charitable organization established with an endowment, located at 1100 North Market Street, Wilmington, DE 19890. The primary mission of this nonprofit is to support urological research and education at the University of Michigan. The University of Michigan, recognized as a public charity by the IRS, is the beneficiary of the charity's net income. The trust instrument mandates that the endowment corpus remains intact, ensuring a continuous flow of financial support towards urological studies and learning.
Is F R Babcockbabcock Urological Endow Fd legitimate?
F R Babcockbabcock Urological Endow Fd is a legitimate nonprofit organization registered as a 501(c)(3) entity. F R Babcockbabcock Urological Endow Fd 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: $83,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of F R Babcockbabcock Urological Endow Fd?
The F R Babcockbabcock Urological Endow Fd, as per its trust instrument, is mandated to maintain its corpus as an endowment. The primary goal is to distribute its net income to the University of Michigan, a recognized 501(C)(3) public charity under Section 509(A)(1), for the purpose of supporting urological research and education. This endowment aims to contribute significantly to the advancement of urological studies and enhance educational initiatives in the field. The endowment's primary role is to support urological research, fostering innovation and knowledge expansion in this specialized medical field.
Who is the CEO of F R Babcockbabcock Urological Endow Fd?
Wilmington Trust Company is the Trustee of F R Babcockbabcock Urological Endow Fd.
What is the revenue of F R Babcockbabcock Urological Endow Fd?
F R Babcockbabcock Urological Endow Fd's revenue in 2022 was $983,764.
Who are the executives of F R Babcockbabcock Urological Endow Fd and what are their salaries?
There is 1 key member and their salary:
- Compensation: $83,767
- Related: $0
- Other: $0
Where can I find the form 990 for F R Babcockbabcock Urological Endow Fd?
F R Babcockbabcock Urological Endow Fd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of F R Babcockbabcock Urological Endow Fd
The F R Babcockbabcock Urological Endowment Fund is committed to supporting urological research and education. According to its trust instrument, the charity is required to maintain its corpus as an endowment and distribute its net income to the University of Michigan, a public charity recognized by the IRS under Section 501(C)(3) and classified as a Section 509(A)(1) organization. The primary objective of this endowment fund is to contribute to the advancement of urological studies and education at the University of Michigan. By providing financial resources, this charitable organization aims to facilitate groundbreaking discoveries and enhance the educational experience in the field of urology.
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Impact
October, 2024
F R Babcockbabcock Urological Endow Fd plays a crucial role in advancing urological research and education at the University of Michigan. By holding its corpus as an endowment, the fund ensures a sustainable source of financial support, allowing the university to conduct pioneering studies and educational programs in urology. The net income generated from this endowment directly contributes to funding research initiatives, enhancing the curriculum, and training future urologists. This impact not only furthers academic knowledge in the field but also ultimately benefits patient care and outcomes in urological health.
This information is meant to be a general summary of F R Babcockbabcock Urological Endow Fd. 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: $983,764
- Gross Receipts: $2,138,988
Assets and Liabilities:
- Total Assets: $17,722,244
- Total Liabilities: $0
- Net Assets: $17,722,244
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Organization Details
Founding Year
1934
Phone
(302) 651-1942Principal Officer
Wilmington Trust Company
Main Address
1100 NORTH MARKET STREET, WILMINGTON, DE, 198900001
NTEE Category
Code: B11 - Education
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