Public Charity

SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA

Based in NEW YORK, NY, SHAWN CARTER SCHOLARSHIP FUND C/O BESSEMER TRUST COMPANY NA operates as a Public Charity. The organization reported $5.1M in revenue, $1.5M in expenses, $16.5M in total assets for fiscal year 2024. Imperigo tracks 20 reported grant relationships connected to this organization totaling approximately $11.0M.

EIN: 113662240 NEW YORK, NY Scholarships & Student Financial Aid NTEE: B82 Latest filing: 2024
Total Revenue$5.1M
Total Expenses$1.5M
Total Assets$16.5M
Grant Records20
Funding Total$11.0M
Filing Years2019–2024

Mission

TO HELP INDIVIDUALS FACING SOCIO-ECONOMIC HARDSHIPS FURTHER THEIR EDUCATION AT POST SECONDARY INSTITUTIONS BY PROVIDING THEM WITH EDUCATIONAL SCHOLARSHIPS AND RELATED EDUCATIONAL SUPPORT SERVICES AND EXPERIENCES TO ENSURE THEIR PATH TOWARDS SUCCESS.

Where $100 goes at Shawn Carter Scholarship Fund C/O Bessemer Trust Company Na

How Shawn Carter Scholarship Fund C/O Bessemer Trust Company Na divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$85 Programs the work itself
$8 Management running the organization
$7 Fundraising raising the next dollar

Inside the $85 for programs

$38
Wealth building
45% of program spending
$22
National scholarship fund
26% of program spending · Reported in the filing: 308 students
$18
Through our community goodwill programs, which include the toy giveaway and marcy back to school tournament, over $86,000 was spent on over 2,000 youth and families who participated
21% of program spending · Reported in the filing: 2,000 youth

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alex Spiro
DIRECTOR Brian Schlusselberg
SECRETARY Carolyn Archer
HONORARY BOARD MEMBER Chaka Pilgrim
EXECUTIVE DIRECTOR Dania Diaz
PRESIDENT Gloria Carter

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$10,093,810 12 grants
Fundraising & Sponsorship
$700,000 1 grant
Education
$46,800 3 grants
Unspecified
$151,716 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.1M $1.5M $16.5M
2023 $11.0M $3.0M $12.9M
2022 $2.4M $1.1M $4.9M
2020 $3.7M $4.6M $3.8M
2019 $4.9M $694K $4.7M

Between 2019 and 2024, reported annual revenue grew from $4.9M to $5.1M (+5%), with total assets most recently reported at $16.5M.

Interactive year-over-year charts and full filing details available with membership.

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