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J W ELLSWORTH ENDOWMENT TRUST

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Public nonprofit record

J W ELLSWORTH ENDOWMENT TRUST

EIN 34-6501094 · Philanthropy, Voluntarism & Grantmaking Foundations (T900)

What they do

GRANTS ARE MADE ACCORDING to TRUST AGREEMENT DATED DECEMBER 21, 1923. KEYBANK,AS TRUSTEE, MAKES DISTRIBUTIONS for THE OPERATION,MAINTENANCE, and UPKEEP of THE WESTERN RESERVE ACADEMY. DISTRIBUTIONS ARE to BE USED SOLELY for EDUCATIONAL PURPOSES. SPECIFICALLY, to MAINTAIN and OPERATE AN INSTITUTION of LEARNING for BOYS and YOUNG MEN THAT THEY MAY BE PREPARED to BE USEFUL CITIZENS of THE REPUBLIC, and IN ADDITION to THE USUAL CURRICULUM COMPRISING THE CLASSICS, HUMANITIES, and SCIENCES, to MAINTAIN A DEPARTMENT of AGRICULTURE. IT SHALL BE THE PURPOSE of THE SCHOOL to AVOID AS FAR AS POSSIBLE THE DEFECTS of MODERN EDUCATIONAL METHODS. STUDENTS SHALL BE DEVELOPED BY INSISTENCE ON THE MASTERY of FUNDAMENTAL SUBJECTS of STUDY. SCIENTIFIC RESEARCHES CONDUCTED BY MEMBERS of THE FACULTY ARE to BE ENCOURAGED. STUDENTS WITH LIMITED MEANS SHALL BE PERMITTED and THE TUITION to BE CHARGED to STUDENTS SHALL AT ALL TIMES BE MAINTAINED WITH THAT OBJECT IN VIEW. KEYBANK MAINTAINS A RESPONSIVENESS to THE

Money

Financial picture

Tax year 2024
Revenue$1,869,832
Expenses$303,565
Assets$38,183,517
Income$6,216,891
Grants given$8,163,049
Average grant$4,081,525
Management$303,565
Stocks and bonds$29,303,223

About this charity

Recognized since
January 1953
Location
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH 44144
County
Cuyahoga
In care of
KEYBANK BY JOSEPH VELKOS
Primary officer
KEYBANK BY JOSEPH VELKOS, VICE PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
PWC US TAX LLP
NTEE classification
Philanthropy, Voluntarism & Grantmaking Foundations (T900)
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
2000
Deductibility
1
Foundation
17
Activity
059000000
Organization
2
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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