George E Stifel Endowment Fund
- Assets
- $3.1m
- Revenue
- $181.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Wheeling, WV
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 55-6018247
Organization Overview
George E Stifel Endowment Fund is located in Wheeling, WV. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George E Stifel 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, George E Stifel Endowment Fund generated $181.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $256.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AT LEAST 85% OF THE ACCOUNTING INCOME INCLUDING SHORT TERM CAPITALGAINS ARE TO BE DISTRIBUTED ANNUALLY AS THE GEORGE E STIFEL PRIZES TOSTUDENTS IN THE 5TH, 6TH, 7TH, AND 8TH GRADES AND IN HIGH SCHOOL ATEACH OF THE PUBLIC SCHOOLS WITHIN OHIO COUNTY, WV IN SUCH VARYINGAMOUNTS TO BE DETERMINED BY THE TRUSTEES. THE PRIZES IN 5TH - 8THGRADES SHALL BE AWARDED TO THE SCHOLAR WHO SHALL HAVE ATTAINED THEBEST GPA IN THE PREVIOUS SCHOOL YEAR. IN HIGH SCHOOL, THE AWARDS MAYBE MADE ON THE SAME BASIS OR FOR EXCELLENCE IN INDIVIDUAL STUDIES INTHE DISCRETION OF THE TRUSTEES. ANY EXCESS FUNDS AFTER PRIZES SHALLBE USED FOR SCHOLARSHIPS TO AID DESERVING STUDENTS TO OBTAIN A BETTEREDUCATION FROM SCHOOLS ADMINISTERED BY THE OHIO COUNTY BOARD OFEDUCATION. TO THE EXTENT THE TRUSTEES DO NOT AWARD ALL OF THE NETINCOME FOR PRIZES AND SCHOLARSHIPS FOR ANY YEAR, THE TRUST SHALL PAYTHE EXCESS INCOME TO THE OVHS&E FOUNDATION AND MEDICAL PARK FOUNDATION, IN EQUAL SHARES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan C Stamp Trustee | Trustee | $0 | |
Diane E Crowl Trustee | Trustee | $0 | |
Paula M Mcclure Trustee | Trustee | $0 | |
Name Not Listed Trustee | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $122,086 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $59,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $95,616 |
| Grants and other assistance to domestic individuals. | $134,440 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,208 |
| Fees for services: Other | $442 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $256,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $150,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,953,252 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,127,392 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,127,392 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,127,392 |
Grants Awarded
Over the last fiscal year, George E Stifel Endowment Fund has awarded $95,616 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO COUNTY SCHOOLS PURPOSE: TO SUPPORT STUDENT PROGRAMMING IN OHIO COUNTY SCHOOLS | $75,514 |
Wheeling, WV PURPOSE: SCHOLARSHIPS FOR GRADUATES OF OHIO COUNTY (WV) SCHOOLS | $14,469 |
OHIO COUNTY SCHOOLS PURPOSE: TO SUPPORT THE STRINGS CAMP PROGRAM | $5,633 |
Endowment Analysis
| Beg. Balance | $8,094,259 |
| Earnings | $1,691,253 |
| Admin Expense | $26,325 |
| Grants | $230,056 |
| Ending Balance | $9,529,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Peter Alfond Foundation Bethesda, MD | $78,752,550 | $129,307,233 |
Service Coordination Inc Frederick, MD | $19,156,790 | $52,158,150 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |