John Franklin Scholarship Association Inc

Overview

The John Franklin Scholarship Association Inc is a nonprofit organization based in the United States, with an Employer Identification Number (EIN) of 465378986. It operates within the educational sector, focusing on scholarships and student financial aid services.

Mission and Purpose

The association's primary mission is to support education by funding college scholarships for graduating high school seniors. This goal is achieved by providing financial assistance to promote the attainment of higher education goals among youth.

Activities and Impact

Since its inception, the organization has awarded over $368,000 in scholarships to local graduating seniors. As of 2023, the association provided $84,000 in grants, highlighting its commitment to educational support. Additionally, it has contributed to the John Franklin Golf Endowment at Abilene Christian University, demonstrating its broader impact in educational and athletic initiatives.

Scholarship Programs

Starting from 2023, the John Franklin Scholarship Association offers recipients $4,000 per year, distributed as $2,000 per semester. This scholarship is renewable for up to four years, provided that recipients maintain enrollment and a passing GPA.

Financial Operations

The organization's financial operations include revenue sources such as contributions and fundraising events. In recent years, fundraising has been a significant source of revenue, while contributions also play a crucial role in supporting its mission. Donations to the organization are tax-deductible, encouraging philanthropic support for its educational objectives.

Governance and Structure

Detailed information on the governance and specific leadership structure is not readily available. However, like many nonprofits, it likely operates under a board of directors responsible for strategic planning and oversight of its educational support activities.