United Methodist Higher Education Foundation
United Methodist Higher Education Foundation
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About this organization
Mission
United Methodist Higher Education Foundation provides on average in excess of $2 million in scholarship funding through its collaborative programs. In pursuit of that goal, the foundation hosts endowment fundraising events and programs to raise scholarship dollars.
About
United Methodist Dollars for Scholars provides matching scholarships for students attending United Methodist-related institutions. Local United Methodist churches provide $1,000 for their member students (totaling $698,000 in 2018), the United Methodist Higher Education Foundation matches each student's $1,000, and in most instances the United Methodist-related educational institution matches $1,000, bringing the total award to $3,000 per student. Further, numerous United Methodist Conference Foundations match the award with an additional $1,000 (totaling $317,000 in 2018), bringing the total award to $4,000 per student. Total scholarships awarded by United Methodist Higher Education Foundation through this program in 2018 were $1,713,000. Foundation merit scholars provide a $3,000 scholarship to every class at each of the 13 United Methodist-related seminaries and a $2,000 scholarship to each of the 106 United Methodist-related educational institutions. Named endowed scholarships are awarded to students from various donor-endowed scholarship funds.
Interesting data from their 2020 990 filing
The filing documents outline the non-profit's mission as “The organization was established to develop and manage funds for scholarships for united methodist students attending united methodist related schools.”.
When detailing its duties, they were outlined as: “United methodist higher education foundation provides on average in excess of $2 million in scholarship funding through its collaborative programs. in pursuit of that goal, the foundation hosts endowment fundraising events and programs to raise scholarship dollars.”.
- The non-profit's reported state of operation is TN as per legal requirements.
- The filing reveals that the address of the non-profit in 2020 is PO BOX 340005, NASHVILLE, TN, 372030005.
- The non-profit's form for the year 2020 reports a total of 6 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$742,148.
- The organization has 0 independent voting members.
- The organization was formed in 1965.
- The organization pays $623,300 in salary, compensation, and benefits to its employees.
- The organization pays $271,719 in fundraising expenses.
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