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Year, State Incorporated
2001, CO
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Stated Purpose
"to grant scholarships to lesbian, gay, bisexual, transgendered, and queer students for higher education."
Point Foundation reports that it provides community college and traditional point scholarships to assist LGBTQ students to transfer to a four-year institution or those already enrolled in an undergraduate or graduate program. The scholarship programs offer financial assistance, one-on-one mentoring, leadership development, and community service training. In 2021, the organization states that it provided grants to 389 students.
For the year ended June 30, 2021, Point Foundation's program expenses were:
Scholarship and scholar support |
$1,803,407 |
Leadership conferences and training |
$972,981 |
Scholar selections |
$329,864 |
Total Program Expenses: |
$3,106,252 |
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Chief Executive
Jorge Valencia, Executive Director and Chief Executive Officer
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Compensation*
$245,917
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Chair of the Board
Peter Lichtenthal
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Chair's Profession / Business Affiliation
Retired, Global Brand President, The Estee Lauder Companies
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Board Size
30
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Paid Staff Size
20
*2019 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Co-Chair, Jen Wohlner, serves as Technical Program Manager at Datadog.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
Fundraising costs were 7% of related contributions. (Related contributions, which totaled $8,666,559 are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Point Foundation's audited financial statements for the year ended June 30, 2021.
Source of Funds |
Contributions |
$7,020,462 |
Investment return, net |
$1,121,550 |
Bequests |
$1,035,421 |
PPP Loan Forgiveness |
$268,048 |
Special events, net |
$182,833 |
In-kind contributions |
$159,795 |
Total Income |
$9,788,109 |
- Programs: 70%
- Administrative: 16%
- Fundraising: 14%
Total Income |
$9,788,109 |
Program expenses |
$3,106,252 |
Fundraising expenses |
$624,366 |
Administrative expenses |
$726,346 |
Other expenses |
$0 |
Total expenses: |
$4,456,964 |
Income in Excess of Expenses |
$5,331,145 |
Beginning Net Assets |
$9,573,094 |
Other Changes In Net Assets |
$-1,616 |
Ending Net Assets |
$14,902,623 |
Total Liabilities |
$382,591 |
Total Assets |
$15,285,214 |
Note 1: As noted in the above financial section, "other changes in net assets" refers to a loss on disposal of property and equipment.
Note 2: According to Point Foundation's audited financial statements for the year ended June 30, 2021, the organization received $159,795 in legal and advisory services.