Seeds Of Hope Charitable Trust

Organization Overview

Seeds Of Hope Charitable Trust is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Seeds Of Hope Charitable Trust 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 06/2022, Seeds Of Hope Charitable Trust generated $490.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Seeds Of Hope Charitable Trust has awarded 37 individual grants totaling $1,282,336. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ADMINISTER ASSETS, IN TRUST, TO BE USED FOR THE FURTHERANCE OF CATHOLIC EDUCATION PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEEDS OF HOPE (SOH) PROVIDES "HOPE SCHOLARSHIPS" TO LOW-INCOME FAMILIES AND THEIR STUDENTS TO ATTEND A CATHOLIC K-8 SCHOOL WITHIN THE ARCHDIOCESE OF DENVER (AOD). THESE SCHOLARSHIPS ADDRESS THE OPPORTUNITY GAP FOR LOW-INCOME FAMILIES TRYING TO BREAK A CYCLE OF POVERTY BY CHOOSING TO ATTEND A QUALITY SCHOOL. BY PROVIDING SCHOLARSHIPS AND TUITION ASSISTANCE, SOH GIVES FAMILIES THE CHOICE TO SEND THEIR CHILDREN TO A CATHOLIC SCHOOL WHERE SPIRITUAL, MENTAL, ACADEMIC, AND PHYSICAL FORMATION IS PROVIDED. SOH'S MISSION IS TO "CULTIVATE MINDS AND HEARTS FOR CHRIST BY STRIVING TO MAKE A TRANSFORMATIVE CATHOLIC EDUCATION FINANCIALLY ACCESSIBLE TO ANY FAMILY WHO SEEKS IT". IT IS OUR BELIEF THAT STUDENTS WHO DESIRE THE BENEFITS OF CATHOLIC EDUCATION SHOULD NOT BE TURNED AWAY BECAUSE OF FINANCIAL LIMITATIONS. STUDIES SHOW THAT STUDENTS IN IMPOVERISHED, HIGH-MINORITY AREAS PERFORM BETTER AND HAVE MORE OPPORTUNITIES FOR LONG-TERM SUCCESS IF THEY CAN CHOOSE A QUALITY EDUCATION ENVIRONMENT. THE CATHOLIC SCHOOLS SERVED THIS YEAR BY SOH OFFER EXACTLY THAT - A QUALITY ALTERNATIVE TO PUBLIC SCHOOLS AND PROVIDE: A FAITH-BASED SETTING, A SAFE LEARNING ENVIRONMENT, A NURTURING COMMUNITY THAT REINFORCES FAMILY, HIGHER LEVELS OF PARENTAL ENGAGEMENT, AND A RIGOROUS ACADEMIC CURRICULUM. OUR SCHOOLS AND CLASSROOMS FORM THE WHOLE CHILD, FULLY COMMITTED TO EDUCATING AND FORMING WITNESSES WHO WILL TRANSFORM THE WORLD, YOUNG MEN AND WOMEN WHO ARE PREPARED TO BE SAINTS AND LEADERS IN OUR COMMUNITIES. WITH THAT IN MIND, IN FISCAL YEAR 2022, SOH OFFERED "HOPE SCHOLARSHIPS" RANGING FROM $500 TO $3,000 PER STUDENT, DEPENDING ON NEED. APPLICATIONS FOR ASSISTANCE ARE REVIEWED TO DETERMINE WHETHER STUDENTS AND THEIR FAMILIES MEET THE SOH HOUSEHOLD INCOME-ELIGIBILITY GUIDELINES, BASED ON THE U.S. FEDERAL POVERTY GUIDELINES (FPG). ALTHOUGH FAMILIES MAY RECEIVE ASSISTANCE FROM SOURCES IN ADDITION TO SOH, FAMILIES ARE ALL REQUIRED TO CONTRIBUTE FINANCIALLY TO THEIR CHILDREN'S TUITION. PARENTS MAKE SIGNIFICANT SACRIFICES TO CONTRIBUTE TO THE COST OF TUITION TO ENSURE THEIR CHILDREN RECEIVE A CATHOLIC EDUCATION. THIS CONTRIBUTION FROM THE FAMILY CREATES A SENSE OF PRIDE AND ACCOUNTABILITY BECAUSE THE FAMILY IS DOING SOMETHING VALUABLE FOR THEIR CHILDREN. SOH (INC. AND TRUST) CONTINUES TO EXPAND ITS MISSION TO SERVE LOW-INCOME, HIGH MINORITY POPULATIONS BY OFFERING HOPE SCHOLARSHIPS TO ANY INCOME-ELIGIBLE STUDENT/FAMILY ATTENDING ANY OF THE 33 AOD CATHOLIC K-8 SCHOOLS. QUALIFYING STUDENTS AND THEIR FAMILIES AT ANY AOD CATHOLIC K-8 SCHOOL ARE ELIGIBLE TO APPLY FOR A HOPE SCHOLARSHIP. DURING THE YEAR ENDED JUNE 30, 2022, CONSOLIDATED AND COMBINED SOH (INC. AND TRUST) PROGRAMS PROVIDED TUITION ASSISTANCE AND GRANTS TO SCHOOLS TOTALING APPROXIMATELY $2,600,000 TO APPROXIMATELY 1,050 STUDENTS. AS A CONTINUED SERVICE FOR THE OFFICE OF CATHOLIC SCHOOLS, SOH CONTINUES TO MAINTAIN AND DEVELOP THE ONLINE VARIABLE TUITION PROGRAM (VTP), WHICH GATHERS IMPORTANT DATA AND INFORMATION FROM FAMILIES AND STUDENTS TO HELP SCHOOLS CALCULATE AFFORDABLE TUITION. DURING FISCAL YEAR 2022, THE VTP WAS OPENED UP TO 24 AOD CATHOLIC K-8 SCHOOLS. ALSO IN FISCAL YEAR 2021-2022, SOH INSTITUTED A BOARD-APPROVED PILOT PROGRAM TO PROVIDE ONE-TIME BLOCK GRANTS TO SCHOOLS TO IMPACT CLASSROOMS, SUPPORT TEACHERS AND HELP SCHOOLS DEMONSTRATING CATHOLIC EDUCATION MISSION RENEWAL THROUGH A PROGRAM CALLED "MISSION RENEWAL/CLASSROOM IMPACT GRANTS PROGRAM". SCHOOL PRINCIPALS COMPLETED AN APPLICATION TO MAKE A REQUEST FOR THIS GRANT. A TOTAL OF $439,275 WAS GRANTED TO AOD CATHOLIC K-12 SCHOOLS FOR THIS SUCCESSFUL AND IMPACTFUL PROGRAM.


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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$312,691
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$312,691
Total Program Service Revenue$0
Investment income $102,436
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $75,167
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $490,294

Grants Awarded

Over the last fiscal year, Seeds Of Hope Charitable Trust has awarded $128,000 in support to 4 organizations.

Grant RecipientAmount

GUARDIAN ANGELS CATHOLIC SCHOOL

Org PageRecipient Profile

Denver, CO

PURPOSE: Support for operations

$48,000

ST THERESE CATHOLIC SCHOOL

Org PageRecipient Profile

Aurora, CO

PURPOSE: Support for operations

$29,000

ANNUNCIATION CATHOLIC SCHOOL

Org PageRecipient Profile

Denver, CO

PURPOSE: Support for operations

$26,000

ST ROSE OF LIMA CATHOLIC ACADEMY

Org PageRecipient Profile

Denver, CO

PURPOSE: Support for operations

$25,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 9 grants that Seeds Of Hope Charitable Trust has recieved totaling $544,644.

Awarding OrganizationAmount
$260,500
Donahue Foundation

Centennial, CO

PURPOSE: EDUCATIONAL

$173,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$60,000
Heider Family Foundation

Evergreen, CO

PURPOSE: TUITION ASSISTANCE

$24,000
Hawk Family Foundation

Denver, CO

PURPOSE: GENERAL

$20,000
Charles And Mary Heider Family Foundation

Omaha, NE

PURPOSE: CHARITABLE

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,451,102
Earnings-$1,075,845
Grants-$344,571
Ending Balance$8,030,686

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