Knight Scholarship Inc
EIN 300152906 Private FoundationAbout
THIS STATEMENT IS SUBMITTED IN ACCORDED WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS DURING THE CURRENT TAX YEAR. DURING 2018 THE KNIGHT SCHOLARSHIP, INC. MADE A DISTRIBUTION OF ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. SUCH DISTRIBUTIONS REPRESENTED 100% OF KNIGHT SCHOLARSHIP'S NET ASSETS OF $2,407,436 AT THE BEGINNING OF 2018. INFORMATION REGARDING THESE DISTRIBUTIONS IS AS FOLLOWS: NAME AND ADDRESS OF DISTRIBUTES: TEXAS TECH UNIVERSITY SYSTEM 1508 KNOXVILLE AVENUE LUBBOCK, TX 79409 ASSETS DISTRIBUTED: CASH DATE OF DISTRIBUTION: MAY 8, 2018 FAIR MARKET VALUE OF DISTRIBUTION: $2,600,000 THE DISTRIBUTIONS WERE MADE TO TEXAS TECH UNIVERSITY SYSTEM TO HELP FUND STUDENT'S SPORTS SCHOLARSHIPS. HOWEVER, TEXAS TECH UNIVERSITY SYSTEM IS UNDER NO OBLIGATION TO USE FUNDS IN A MANNER THAT WILL DIRECTLY BENEFIT KNIGHT SCHOLARSHIP, INC.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $60K | $2.7M | $107K | 1 |
| 2017 | $124K | $2.8M | $-20K | 1 |
| 2018 | $2.6M | $0 | $224K | 1 |
Grant Size Distribution
Based on 3 grants on record
Geographic Distribution
Texas Counties Served
Top 1 counties
- 1 Lubbock
Officers & Directors
Grants Awarded (3 total)
| Purpose | ||||
|---|---|---|---|---|
| Texas Tech University | Lubbock, TX | $2,628,765 | EDUCATION SCHOLARSHIPS | 2018 |
| Texas Tech University | Lubbock, TX | $124,000 | EDUCATION SCHOLARSHIPS | 2017 |
| Texas Tech University | Lubbock, TX | $60,000 | EDUCATION SCHOLARSHIPS | 2016 |
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