Mildred Towle Scholarship Trust Fund
- Assets
- $1.1m
- Revenue
- $53.7k
- Investments
- $1.0m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 07/1987
- Data as of
- 09/2023
- EIN
- 99-6050638
Organization Overview
Mildred Towle Scholarship Trust Fund is located in Honolulu, HI. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Mildred Towle Scholarship Trust 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 09/2023, Mildred Towle Scholarship Trust Fund generated $53.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $55.5k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mildred Towle Scholarship Trust Fund has awarded 28 individual grants totaling $188,000. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,468 |
| Capital Gain Net Income | $17,468 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $332 |
| Total Revenue | $53,685 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,644 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $172 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,466 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $55,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,898 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,024,168 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,067,066 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mildred Towle Scholarship Trust Fund has awarded $33,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF HAWAII FOUNDATION PURPOSE: SCHOLARSHIPS | $10,000 |
UNIVERSITY OF HAWAII AT MANOA PURPOSE: SCHOLARSHIPS | $6,000 |
HAWAII PACIFIC UNIVERSITY PURPOSE: SCHOLARSHIPS | $6,000 |
CHAMINADE UNIVERSITY OF HONOLULU PURPOSE: SCHOLARSHIPS | $6,000 |
NEW YORK UNIVERSITY PURPOSE: SCHOLARSHIPS | $5,000 |