Ivy Community Foundation Inc

The Ivy Community Foundation Inc is a nonprofit organization in the United States, operating under the tax identification number EIN 581574836. The foundation is part of a broader network of organizations closely associated with Alpha Kappa Alpha Sorority, Incorporated, a historically Black sorority dedicated to community service and educational advancement.

Mission

The Ivy Community Foundation's mission involves initiating programs, projects, and activities aimed at informing, educating, supporting, and engaging communities. It focuses on enhancing the social status and addressing community problems affecting girls, women, and their families. By providing educational opportunities and addressing specific community issues, the foundation seeks to improve the overall standing of these groups.

Programs and Scholarships

One of the notable initiatives of the Ivy Community Foundation is the provision of scholarships. In the state of Georgia, for example, the foundation offers the Mary Shy Scott Merit Scholarship and the Carolyn G. Randolph Scholarship. The Mary Shy Scott Merit Scholarship is awarded based on academic merit, while the Carolyn G. Randolph Scholarship targets students experiencing financial hardship. These scholarships are supported by revenue generated from specialty car tags sold by the Alpha Kappa Alpha Sorority, Inc., in partnership with the Georgia Department of Revenue.

Financial Overview

The Ivy Community Foundation Inc. reported a revenue of approximately $472,000 and expenses of $331,000 in 2023. As of the same year, the organization held total assets of $610,000 and total liabilities of $281,000[3]. The foundation's financial activities are detailed in its annual Form 990 filings with the IRS, which provide insights into its revenue sources and expenditure patterns.

Relationship with Alpha Kappa Alpha Sorority, Incorporated

The Ivy Community Foundation's activities are closely aligned with those of Alpha Kappa Alpha Sorority, Incorporated. The foundation supports the sorority's mission by facilitating community service, educational programs, and charitable giving. Through these initiatives, the foundation enhances the sorority's presence and impact in local communities.

Overall, the Ivy Community Foundation plays a significant role in promoting educational advancement and social support, primarily through its association with Alpha Kappa Alpha Sorority, Incorporated.

[1] https://www.aka-deltaomega.org/ivy-community-foundation [2] https://www.ivyfoundationkc.org/about_us [3] https://projects.propublica.org/nonprofits/organizations/581574836 [4] https://www.ivycommunityfoundationga.org/copy-of-ga-aka-scholarships [5] https://www.ivycommunityfoundationga.org/georgia-aka-scholarships