Mr & Mrs E H Sumners Foundation

Organization Overview

Mr & Mrs E H Sumners Foundation is located in Jackson, MS. The organization was established in 1979. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mr & Mrs E H Sumners Foundation 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, Mr & Mrs E H Sumners Foundation generated $8.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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

NET INCOME IS DISTRIBUTED 3 TIMES A YEAR TO 5 INSTITUTIONS OF HIGHER LEARNING. EACH INSTITUTION ADMINISTERS THE TRUST FUNDS THROUGH ITS FINANCIAL AID OFFICE UNDER POLICY SET BY THE SCHOLARSHIP COMMITTEE OF EACH INSTITUTION IN MAKING EDUCATIONAL GRANTS TO STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL NET INCOME IS DISTRIBUTED 3 TIMES A YEAR TO 5 INSTITUTIONS OF HIGHER LEARNING. EACH INSTITUTION ADMINISTERS THE TRUST FUNDS THROUGH ITS FINANCIAL AID OFFICE UNDER POLICY SET BY THE SCHOLARSHIP COMMITTEE OF EACH INSTITUTION IN MAKING EDUCATIONAL GRANTS TO STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Monica Owen
Foundation Mgr.
$0
Regions Bank - Trustee
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 $1,929,113
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$122,722
Net Gain/Loss on Asset Sales $6,502,893
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,309,284

Grants Awarded

Over the last fiscal year, Mr & Mrs E H Sumners Foundation has awarded $4,318,087 in support to 5 organizations.

Grant RecipientAmount

Oxford, MS

PURPOSE: EDUCATIONAL

$1,295,426

MISSISSIPPI STATE UNIVERSITY

Org PageRecipient Profile

Mississippi State, MS

PURPOSE: EDUCATIONAL

$1,295,426

UNIV OF MS MEDICAL SCHOOL

PURPOSE: EDUCATIONAL

$863,617

HOLMES COMMUNITY COLLEGE

PURPOSE: EDUCATIONAL

$431,809

Jackson, MS

PURPOSE: EDUCATIONAL

$431,809
View Grant Profile

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