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Nonprofiteer
← GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST

Form 990 for tax year 2024

Filed by GRACE L WOODWARD MEMORIAL ENDOWMENT TRUST.

Totals

Total revenue
$1,402,441
Total expenses
$2,060,002
Contributions and grants received
$0
Grants paid
$2,054,552
Program service revenue
$0
Investment income
$1,402,441
Other revenue
$0
Total assets, end of year
$48,016,370
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$48,016,370
Program services expenses (Part IX)
$2,054,552
Management and general expenses
$5,450
Fundraising expenses
$0
Program service expenses (Part III)
$2,054,552

Program services were 99.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 7a · Gross sales of assets other than inventory

    securities $2,060,002

  • 7b · Less cost or other basis and sales expenses

    securities $657,561

  • 7c · Gain or loss

    securities $1,402,441

  • 7d · Net gain or loss

    total $1,402,441 · related or exempt $1,402,441

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,054,552 · program services $2,054,552

  • 11c · Fees: accounting

    total $5,450 · management and general $5,450

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    beginning of year $46,356,768 · end of year $48,016,370

  • 27 · Net assets without donor restrictions

    beginning of year $19,948,262 · end of year $21,607,864

  • 28 · Net assets with donor restrictions

    beginning of year $26,408,506 · end of year $26,408,506

Mission and programs · 2024

Mission

ENDOWMENT FOR SUPPORT OF ABILENE CHRISTIAN UNIVERSITY

  • ENDOWMENT IN PERPETUAL WHOLLY-CHARITABLE TRUST FOR ABILENE CHRISTIAN UNIVERSITY IN ABILENE, TEXAS. CREATED PRIMARILY TO SERVE AS THE RECEPTABLE FOR THE ENDOWMENT AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND RELIGIOUS PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE TRUST CORPUS SHALL BE USED SOLELY IN THE CONTINENTAL UNITED STATES FOR THE SPECIFIC PURPOSE OF BENEFITING THE CHURCHES OF CHRIST.

    Expenses $2,054,552 · Grants $2,054,552

As filed on the 2024 return.

Listed in Part VII

  • Abilene Christian University

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 February 2026
IRS schema version
2024v5.5
Source object
202610419349301126

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