Lieutenants Benevolent Association Charitable & Scholarship Fund Inc

Scholarships, Student Financial Aid, Awards / New York City /

Lieutenants Benevolent Association Charitable & Scholarship Fund Inc

THE PURPOSES FOR WHICH THE CORPORATION WAS FORMED ARE AS FOLLOWS: 1. TO ESTABLISH A SCHOLARSHIP FUND FOR WORTHY STUDENTS; 2. TO AID, ENCOURAGE, STIMULATE, FOSTER AND PROMOTE ARTISTIC, CULTURAL AND EDUCATIONAL ACTIVITIES THROUGH GRANTS, BEQUESTS, GIFTS OR OTHERWISE TO INDIVIDUALS, GROUPS, INSTITUTIONS AND ORGANIZATIONS; 3. TO ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER ANY GIFTS, BEQUESTS, DEVISES, BENEFITS OF TRUSTS (BUT NOT TO ACT AS TRUSTEE), AND PROPERTY OF ANY SORT WITHOUT LIMITATION AS TO AMOUNT OR VALUE AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE PURPOSES; 4. TO RAISE FUNDS AND SOLICIT DONATIONS FROM INTERESTED INDIVIDUALS, CHARITABLE, EDUCATIONAL AND SCIENTIFIC ORGANIZATIONS AND FOUNDATIONS, AND OTHER INTERESTED ORGANIZATIONS AND FOUNDATIONS, AGENCIES, INSTITUTIONS, ASSOCIATIONS AND CORPORATIONS AND TO ADMINISTER AND EXPEND SUCH FUNDS IN FURTHERANCE OF THE CORPORATE GOALS AND PURPOSES.

Edit Contact

10960059

EIN

New York City, NY 10038 United States

Address

nypd-lba.org

Web

Description

Lieutenants Benevolent Association Charitable & Scholarship Fund Inc

The Lieutenants Benevolent Association Charitable & Scholarship Fund Inc is a 501(c)(3) nonprofit organization based in New York. It operates under the broader umbrella of the Lieutenants Benevolent Association, which supports the welfare and interests of NYPD lieutenants.

Purpose

The organization was established for several key purposes:

Educational Support: Its primary mission is to establish a scholarship fund for worthy students. This initiative is focused on providing financial assistance to students, typically the children of active and retired NYPD lieutenant members.
Charitable Activities: The organization also engages in other charitable endeavors, fostering a culture of giving and community service.

Business Model

The fund derives its revenue mainly from contributions, program services, investment income, and net fundraising efforts. Over recent years, contributions have comprised roughly 40-56% of total revenue, while program services and investment income contribute smaller but significant portions[1].

Governance and Operations

As a component of the Lieutenants Benevolent Association, the charitable and scholarship fund works in conjunction with broader organizational goals, which include advocating for and supporting the interests of NYPD lieutenants. This is part of a larger network involving other NYPD officer associations like the NYPD Captains Endowment Association, with which they collaborate through entities such as the NYPD Superior Officers Council[3].

Financial Structure

The organization has maintained no liabilities over the past several years, indicating a solid financial foundation. Total assets have varied, with recent values around $375,730[1]. This stability allows the organization to focus on its core mission of providing scholarships and supporting charitable causes.

Impact

The Lieutenants Benevolent Association Charitable & Scholarship Fund is notable for its expansion of scholarship offerings, enhancing educational opportunities for the families of lieutenants. This commitment underscores the organization's dedication to fostering the well-being and future success of its members' children[2].

[1] https://projects.propublica.org/nonprofits/organizations/10960059 [2] http://nypd-lba.org/wp-content/uploads/securepdfs/2019/02/newsletter180331.pdf [3] https://nypdsoc.org [4] https://www.charitynavigator.org/ein/010960059 [5] https://www.guidestar.org/profile/01-0960059