Charleston School of Law Foundation

The Charleston School of Law Foundation is a nonprofit organization dedicated to supporting educational and charitable activities, particularly in relation to the Charleston School of Law. It operates within the category of Educational Institutions and Related Activities, focusing on scholarships, student financial aid services, and awards.

Purpose and Classification

The foundation is classified as an educational nonprofit, which supports activities related to scholarships and student financial aid services. Donations to this organization are tax-deductible, reflecting its status as a recognized charitable entity.

Financial Overview

Recent financial data show that the foundation's primary sources of revenue include contributions and investment income. For instance, contributions accounted for a significant portion of its revenue, while investment income also played a crucial role. The organization maintains assets substantially in excess of its liabilities, indicating a stable financial position.

Governance and Leadership

Key figures in the governance and leadership of related entities include individuals like Hal E Cobb, who has served in roles such as Chairman of the Charleston School of Law Foundation. Leadership roles are often filled by individuals with a deep commitment to education and community development.

Relationship with Charleston School of Law

The Charleston School of Law, which became a 501(c)(3) nonprofit organization in December 2024, shares a significant relationship with the foundation due to their aligned goals and focus on educational support. This transition marks a significant development in the school's history, moving from a for-profit to a nonprofit model. The school and the foundation are both committed to advancing educational opportunities in the legal field.

Impact and Activities

The foundation's activities contribute to the broader mission of promoting legal education and public service, aligning with the values of the Charleston School of Law. By supporting scholarships and financial aid, it plays a crucial role in ensuring accessibility to legal education for students.

References

) Nonprofit Explorer: Charleston School of Law Foundation
) Charleston School of Law: Transition to 501(c)(3) Status
*) Leadership Updates at Charleston School of Law

[1] https://projects.propublica.org/nonprofits/organizations/200596694 [2] https://charlestonbusiness.com/charleston-school-of-law-officially-becomes-a-nonprofit/ [3] https://charlestonlaw.edu/charleston-law-becomes-501c3/ [4] https://charlestoncitypaper.com/2024/12/03/dream-come-true-charleston-school-of-law-becomes-nonprofit/ [5] https://en.wikipedia.org/wiki/Charleston_School_of_Law