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Also known as: OF ARKANSAS
Student Loan Guarantee Foundation Of Arkansas is a private corporation based in N LITTLE ROCK, AR. The foundation received its IRS ruling in 1967. It holds total assets of $4.6M. Annual income is reported at $315K. THE FOUNDATION SELECTED UNIVERSITIES IN ARKANSAS TO PARTICIPATE IN A PILOT PROGRAM TO FUND SCHOLARSHIPS TO STUDENTS WHO HAD PREVIOUSLY DROPPED OUT OF SCHOOL AND WERE IN NEED OF FINANCIAL AID TO COMPLETE THEIR COURSE OF STUDY. STUDENTS WERE SELECTED BY COMMITTEES FROM THEIR RESPECTIVE UNIVERSITIES, EACH OF WHOM WAS TO RECEIVE UP TO $5,000 PER SEMESTER IN ORDER TO COMPLETE THEIR DEGREE. THE FOUNDATION INTENDS TO ENCOURAGE THE INSTITUTIONS TO INCREASE THE DISTRIBUTION OF SCHOLARSHIP FUNDS.DURING THE FISCAL YEAR ENDED 9/30/2022, THE PROGRAM EXPANDED FROM TEN UNIVERSITIES TO TWENTY-TWO UNIVERSITIES COMPOSED OF BOTH PUBLIC AND PRIVATE INSTITUTIONS. A TOTAL OF 49 SCHOLARSHIPS WERE FUNDED AS A RESULT OF THIS PROGRAM. According to available records, Student Loan Guarantee Foundation Of Arkansas has made 35 grants totaling $670K, with a median grant of $9K. Annual giving has grown from $100K in 2021 to $185K in 2023. Grantmaking activity was highest in 2022 with $386K distributed across 22 grants. Individual grants have ranged from $1K to $125K, with an average award of $19K. The foundation has supported 11 unique organizations. Grant recipients are concentrated in Arkansas. Contributions to this foundation are tax-deductible.
THE FOUNDATION SELECTED UNIVERSITIES IN ARKANSAS TO PARTICIPATE IN A PILOT PROGRAM TO FUND SCHOLARSHIPS TO STUDENTS WHO HAD PREVIOUSLY DROPPED OUT OF SCHOOL AND WERE IN NEED OF FINANCIAL AID TO COMPLETE THEIR COURSE OF STUDY. STUDENTS WERE SELECTED BY COMMITTEES FROM THEIR RESPECTIVE UNIVERSITIES, EACH OF WHOM WAS TO RECEIVE UP TO $5,000 PER SEMESTER IN ORDER TO COMPLETE THEIR DEGREE. THE FOUNDATION INTENDS TO ENCOURAGE THE INSTITUTIONS TO INCREASE THE DISTRIBUTION OF SCHOLARSHIP FUNDS.DURING THE FISCAL YEAR ENDED 9/30/2023, TWENTY FOUR SCHOOLS COMPOSED OF BOTH PUBLIC AND PRIVATE INSTITUTIONS WERE INVITED TO PARTICIPATE. A TOTAL OF 51 SCHOLARSHIPS WERE FUNDED AS A RESULT OF THIS PROGRAM.
Expenses: $443K
THE FOUNDATION SELECTED UNIVERSITIES IN ARKANSAS TO PARTICIPATE IN A PILOT PROGRAM TO FUND SCHOLARSHIPS TO STUDENTS WHO HAD PREVIOUSLY DROPPED OUT OF SCHOOL AND WERE IN NEED OF FINANCIAL AID TO COMPLETE THEIR COURSE OF STUDY. STUDENTS WERE SELECTED BY COMMITTEES FROM THEIR RESPECTIVE UNIVERSITIES, EACH OF WHOM WAS TO RECEIVE UP TO $5,000 PER SEMESTER IN ORDER TO COMPLETE THEIR DEGREE. THE FOUNDATION INTENDS TO ENCOURAGE THE INSTITUTIONS TO INCREASE THE DISTRIBUTION OF SCHOLARSHIP FUNDS.DURING THE FISCAL YEAR ENDED 9/30/2022, THE PROGRAM EXPANDED FROM TEN UNIVERSITIES TO TWENTY-TWO UNIVERSITIES COMPOSED OF BOTH PUBLIC AND PRIVATE INSTITUTIONS. A TOTAL OF 49 SCHOLARSHIPS WERE FUNDED AS A RESULT OF THIS PROGRAM. Based on available records, the foundation has funded 35 grants. Its grantmaking reaches organizations primarily in AR.
Student Loan Guarantee Foundation Of Arkansas has distributed a total of $670K across 35 grants. The median grant size is $9K, with an average of $19K. Individual grants have ranged from $1K to $125K.
Student Loan Guarantee Foundation Of Arkansas typically selects its grantees rather than accepting unsolicited proposals.
Student Loan Guarantee Foundation Of Arkansas is headquartered in N LITTLE ROCK, AR.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Ms Kimbery Elrod | EXECUTIVE DIRECTOR | $132K | $10K | $143K |
| Dr Samuel Howell | VICE-PRESIDENT | $3K | $0 | $3K |
| Ms Susan Balest | SECRETARY | $3K | $0 | $3K |
| Mr Mark Ryan | PRESIDENT | $3K | $0 | $3K |
| Dr Tom Bishop | DIRECTOR | $3K | $0 | $3K |
Total Giving
$558K
Total Assets
$4.5M
Fair Market Value
$4.5M
Net Worth
$4.4M
Grants Paid
$185K
Contributions
$0
Net Investment Income
$43K
Distribution Amount
$232K
Total: $3.5M
Total Grants
35
Total Giving
$670K
Average Grant
$19K
Median Grant
$9K
Unique Recipients
11
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of ArkansasTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Fayetteville, AR | $21K | 2023 |
| Arkansas State UniversityTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2022. | State University, AR | $5K | 2022 |
| University Of Central ArkansasTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Conway, AR | $125K | 2023 |
| Southern Arkansas UniversityTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Magnolia, AR | $18K |
LITTLE ROCK, AR
MAGNOLIA, AR
MOUNTAIN HOME, AR
LITTLE ROCK, AR
| 2023 |
| University Of Arkansas At Fort SmithTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Fort Smith, AR | $9K | 2023 |
| Philander Smith CollegeTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Little Rock, AR | $5K | 2023 |
| Henderson State UniversityTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Arkadelphia, AR | $5K | 2023 |
| University Of Arkansas GranthamTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2023. | Little Rock, AR | $1K | 2023 |
| University Of Arkansas At Pine BluffTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2022. | Pine Bluff, AR | $5K | 2022 |
| University Of Arkansas At Little RockTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2022. | Little Rock, AR | $5K | 2022 |
| Harding UniversityTO AWARD SCHOLARSHIPS OF UP TO $5,000 PER SEMESTER PER STUDENT IN THE FISCAL YEAR ENDED 9/30/2022. | Searcy, AR | $2K | 2022 |
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