Charles A. Dana Law Center Foundation Inc

The Charles A. Dana Law Center Foundation Inc is a nonprofit organization based in Gulfport, Florida, established to support the mission of Stetson University College of Law. This foundation was formally recognized as a tax-exempt organization in November 1959 and has been impactful in the areas of educational philanthropy, particularly through scholarships and program support for students and educational initiatives at the law school.

Purpose and Activities

The primary objective of the Charles A. Dana Law Center Foundation is to enhance educational opportunities and resources at Stetson University College of Law. The foundation provides financial support through scholarships, which aim to alleviate the burden of education costs for students pursuing legal studies. Additionally, it supports various educational programs designed to enrich the academic experience of the law school's community.

Financial Overview

As of the fiscal year ending June 2020, the foundation reported total assets amounting to approximately $4.6 million. Its revenue sources included investment income and sales of assets. The foundation operated without incurring any liabilities. In recent years, the primary source of income has shifted towards investment income, demonstrating a stable financial footing that supports its activities.

Governance

The organization is governed by a board of directors, which includes various professionals from legal and academic backgrounds. Their oversight ensures that the foundation's activities align with its mission of supporting legal education and enhancing the operational capabilities of Stetson University College of Law.

Compliance and Reporting

The Charles A. Dana Law Center Foundation complies with IRS regulations for nonprofit organizations by filing Form 990 annually. This ensures transparency in its financial activities and adherence to guidelines expected of tax-exempt organizations.

Conclusion

Overall, the Charles A. Dana Law Center Foundation Inc plays a significant role in supporting legal education at Stetson University, contributing resources that facilitate learning and professional development for future lawyers. Through its commitment to scholarship and educational programs, the foundation continues to uphold its mission in advancing the educational goals of the law school community.