Horatio Alger Endowment Fund

Organization Overview

Horatio Alger Endowment Fund is located in Alexandria, VA. The organization was established in 2010. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Horatio Alger Endowment Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Horatio Alger Endowment Fund generated $58.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $8.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE FUND IS TO PROMOTE EDUCATIONAL AND CHARITABLE PURPOSES, AND IN PARTICULAR TO RECEIVE, HOLD, INVEST AND DISTRIBUTE FUNDS TO THE HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. (THE "ASSOCIATION") FOR THE BENEFIT OF THE ASSOCIATION'S EXISTING AND FUTURE PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2020 THE FUND MADE GRANTS TO HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS, INC. TO SUPPORT STATE AND OTHER SCHOLARSHIP PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Anthony Novelly
Chairman
$0
David L Sokol
President
$0
Joseph Neubauer
Vice President
$0
John Weiland
Treasurer
$0
Terrence J Giroux
Executive Director
$0
John B Thornburg
Managing Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Agile World Llc
Media
$103,892
The Tenors
Operatic Pop Music Performance
$500,000
Mercer Inc
Consultancy Services
$175,163
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$26,466,037
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,466,037
Total Program Service Revenue$0
Investment income $9,718,237
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,087,078
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $58,271,352

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Horatio Alger Endowment Fund has recieved totaling $10,000.

Awarding OrganizationAmount
Mills Family Foundation Inc

Lafayette, LA

PURPOSE: CHARITABLE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$272,364,035
Earnings$29,541,150
Net Contributions$26,466,037
Grants$7,902,462
Ending Balance$320,468,760

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