The AK Foundation Inc

Overview

The AK Foundation Inc is a 501(c)(3) nonprofit organization established in 2018, with a mission focused on philanthropy and education. It operates as a public charity, supporting causes primarily in education.

Mission and Activities

The AK Foundation Inc honors the legacy of Dr. James E. Shepard, a pivotal figure in the establishment of North Carolina Central University (NCCU). The foundation aims to increase intellectual, ethical, social, moral, and philanthropic awareness, placing a special emphasis on providing scholarships to students attending NCCU. It also supports the professional development of students and fosters a deeper commitment to community service.

Key Initiatives

One of the significant initiatives by The AK Foundation Inc is the establishment of the Alpha Kappa Endowment Fund at NCCU. This fund is designed to provide scholarships to deserving students, with a goal to raise $250,000. By supporting this endowment, the foundation helps ensure that students have the financial resources needed to pursue higher education and make impactful contributions in their communities.

Board of Directors

The organization is overseen by a dedicated board of directors, who are committed to fiscally responsible management and adherence to the foundation's bylaws and policies. The board includes members who are alumni of North Carolina Central University and are actively involved in various professional and community roles.

Tax Status

As a 501(c)(3) public charity, donations to The AK Foundation Inc are tax-deductible, allowing supporters to contribute to its mission while also benefiting from tax advantages.

NTEE Code

The foundation is classified under the National Taxonomy of Exempt Entities (NTEE) code for Fund Raising and/or Fund Distribution, reflecting its primary focus on organizing fundraising activities to support educational initiatives.