NonprofitsHoratio Alger Endowment Fund

Education

Horatio Alger Endowment Fund

ALEXANDRIA, VA

Total revenue

$13.7M

Total expenses

$16.1M

Net assets

$345.0M

Grants received

$664K

8 grants

EIN

272480291

Tax year

2024

Mission

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.

Programs

2 programs

National scholars' visibility: through dedicated ambassadors and special events, the association endeavors to establish connections with educational professionals (school principals, guidance counselors, teachers and other nonprofit organizations) for the purpose of identifying students best matching the association's special criteria for its scholarship programs. These activities also serve as public service announcements highlighting the association's mission that success is available to those dedicated to the principles of integrity, hard work, perseverance and compassion for others.

Expenses: $2.3M

Member support and meetings.

Expenses: $7K

Financials

FY 2024

Revenue

Contributions & grants$4.9M
Program service revenue
Investment income$8.9M
Other revenue
Total revenue$13.7M

Expenses

Grants paid$11.8M
Salaries & benefits$722K
Fundraising$12K
Other expenses$3.6M
Total expenses$16.1M
Total assets$345.1M
Net assets$345.0M

People

13 listed

NameRoleCompensation

LEON COOPERMAN

CHAIRMAN

Board

1 hrs/wk

JAMES SENEFF

PRESIDENT

Board

1 hrs/wk

JOHN WEILAND

TREASURER

Board

1 hrs/wk

DON DASEKE

SECRETARY

Board

1 hrs/wk

STANLEY KROENKE

DIRECTOR

Board

1 hrs/wk

CALVIN SISSON

DIRECTOR

Board

1 hrs/wk

DENNIS WASHINGTON

DIRECTOR

Board

1 hrs/wk

MICHAEL ROLLINS

DIRECTOR

Board

1 hrs/wk

TERRENCE J GIROUX

EXECUTIVE DIRECTOR

Board

9 hrs/wk

LESLEY ALBANESE BEG 042024

CHIEF EXECUTIVE OFFICER

Board

9 hrs/wk

CONSTANTINE G KATSARASKIS

CHIEF OPERATING OFFICER

Board

6 hrs/wk

JOHN B THORNBURG

CHIEF FINANCIAL OFFICER

Board

11 hrs/wk

DEBRA J STANCIL

MANAGER OF NOMINATIONS

Staff

1 hrs/wk

Independent contractors

MERCER INC

INVESTMENT MANAGEMENT SERVICES

$121K

DOLAN MCENIRY CAPITAL MANAGEMENT

INVESTMENT MANAGEMENT SERVICES

$107K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$100K
For grant recipient's exempt purposes
2023
$10K
Program Support
2023
$434K
TO SUPPORT ENDOWMENT OF STATE AND NATIONAL SCHOLARSHIPS, CAREER AND TECHNICAL EDUCATION SCHOLARSHIPS AND SCHOLAR SUPPORT SERVICES.
2022
$25K
B11 SINGLE ORGANIZATION SUPPORT
2022
$10K
General & Unrestricted
2022
$10K
CHARITY - GENERAL SUPPORT
2022
$50K
B11 SINGLE ORGANIZATION SUPPORT
2021

Funded by

$664K from 7 funders · 8 grants · 2021–2023

Chris T Sullivan Foundation Inc

$434K · 1 grant · 2022

The Community Foundation Of Louisville

$75K · 2 grants · 2021–2022

National Philanthropic Trust

$25K · 1 grant · 2022

Hendrick Family Foundation

$10K · 1 grant · 2023

The Ruvo Family Foundation

$10K · 1 grant · 2022

Details

EIN272480291
NTEE codeB11
Subsection03
Ruling date2010-08
Formed2010
Employees0
Volunteers9