PROVIDED APPROXIMATELY $4.1 MILLION IN INTEREST-FREE LOANS AND $2.7 MILLION IN GRANTS FOR UNDERGRADUATE EDUCATION TO STUDENTS FROM MILITARY FAMILIES. INTEREST-FREE LOANS WERE FOR $8,500 EACH. GRANTS RANGED FROM $500 TO $7,625. IN ADDITION, THE BALANCE OF $42,786,730 IN OUTSTANDING INTEREST-FREE LOANS TO 4,000-PLUS MILITARY CHILDREN EQUATE TO OVER $2,139,336 IN DIRECT SAVINGS TO STUDENTS (BASED ON AN AVERAGE INTEREST RATE OF 5%). ALL DONATED FUNDS SUPPORTED EDUCATIONAL ASSISTANCE. NO DONATED FUNDS WERE USED FOR OPERATIONAL EXPENSES.
Geographies
Not indicated
Dates
Jan 1, 2022 – Dec 31, 2022
Source
990
No causes provided
No populations provided
–
$3M
American Patriot Grants
PROVIDED AMERICAN PATRIOT GRANTS TO 21 STUDENTS WHOSE MILITARY PARENT DIED WHILE IN ACTIVE MILITARY SERVICE TO OUR COUNTRY OR WHOSE MILITARY PARENT COLLECTED T-SGLI. THE GRANTS WERE FOR $7,000 EACH WITH TOTAL AMOUNT OF $151,000.