All Saints Episcopal School of Lubbock Inc Endowment Foundation T
THE TRUST WAS CREATED TO RECEIVE AND MAINTAIN A PERMANENT FUND OR FUNDS OF MONEY AND PROPERTY REAL, PERSONAL OR MIXED, TO BE ADMINISTERED AS AN ENDOWMENT FUND FOR THE PRODUCTION OF INCOME FOR THE BENEFIT OF ALL SAINTS EPISCOPAL SCHOOL OF LUBBOCK, INC.
All Saints Episcopal School of Lubbock Inc. Endowment Foundation T
Overview
The All Saints Episcopal School of Lubbock Inc. Endowment Foundation T is a nonprofit organization established to support All Saints Episcopal School. The foundation plays a critical role in providing financial stability and resources to the school.
Purpose
The primary purpose of the foundation is to generate a consistent source of income through the effective management and investment of endowment funds. This income helps relieve the operating budget of All Saints Episcopal School and supports various school activities, including faculty positions, programs, scholarships, and financial aid opportunities.
Operations
During the year ending May 31, 2024, the foundation transferred $30,681 to All Saints Episcopal School. This financial support highlights the foundation's commitment to enhancing the educational experience at the school.
Rating and Compliance
The All Saints Episcopal School of Lubbock Inc. Endowment Foundation T has received a 3/4 Star rating from Charity Navigator, indicating a level of transparency and accountability in its operations. The foundation submits annual reports to relevant authorities, including Form 990, which provides detailed financial information and operational insights.
Role in Education
The endowment foundation plays a vital role in ensuring the long-term sustainability of All Saints Episcopal School by providing necessary resources for educational programs, faculty support, and student aid. This support allows the school to maintain its educational model and foster a conducive learning environment.
Additional Information
The foundation operates as a separate nonprofit entity with its own EIN (752166880). It focuses on supporting the educational mission of All Saints Episcopal School while adhering to nonprofit governance and compliance standards.
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1986
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Lubbock
All Saints Episcopal School - Lubbock Private School - College Prep Academy
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