Education : Scholarship and Financial Support

Point Foundation

The National LGBTQ Scholarship Fund

impact data icon

Impact Information is available from our partner, Classy

three stars

87.42

5055 Wilshire Boulevard Suite 501
Los Angeles, CA 90036
tel: (866) 337-6468   Web Site
EIN: 84-1582086

Board Leadership
James Williams and Alan Guño
Co-Chairs

CEO
Jorge Valencia
Executive Director & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 87.42 three stars
  Financial 82.22 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Point Foundation empowers promising lesbian, gay, bisexual, transgender and queer (LGBTQ) students to achieve their full academic and leadership potential - despite the obstacles often put before them - to make a significant impact on society. Point is the nation's largest scholarship provider to LGBTQ students of merit; granting more than 400 scholarships since 2002. Point promotes change through scholarship funding, mentorship, leadership development, and community service training. Upon completing their tenure as scholars, Point Alumni have access to the Point community, resources, and leadership programming. Point continues to explore ways to support LGBTQ students, such as a Community College Scholarship Program (initial funding thanks to Wells Fargo), assisting LGBTQ students in their final year at a community college who are planning to transfer to a four-year college or university. For 2018-2019, Point is providing financial and programmatic support to 98 students.

Point Foundation empowers promising lesbian, gay, bisexual, transgender and queer (LGBTQ) students to achieve their full academic and leadership potential - despite the obstacles often put before them - to make a significant impact on society. Point is the nation's largest scholarship provider to LGBTQ students of merit; granting more than 400 scholarships since 2002. Point promotes change through scholarship funding, mentorship, leadership development, and community service training. Upon completing their tenure as scholars, Point Alumni have access to the Point community, resources, and leadership programming. Point continues to explore ways to support LGBTQ students, such as a Community College Scholarship Program (initial funding thanks to Wells Fargo), assisting LGBTQ students in their final year at a community college who are planning to transfer to a four-year college or university. For 2018-2019, Point is providing financial and programmatic support to 98 students.

Impact Information

Classy created Progress to help nonprofits and social enterprises articulate their performance by combining qualitative insights on program strategies and beneficiaries, with quantitative metrics on social problems, short term outputs and long term intended outcomes.  Learn More about Impact Information.
Program Name: Scholarships-Mentoring-Leadership Development
Problem

Many LGBTQ students drop out of high school to escape violence, harassment, and isolation– a dropout rate nearly three times the national average. As a result, many say they are not planning to pursue a higher education. Many also lack the support and encouragement of their families. Point Foundation addresses these issues by providing LGBTQ students with scholarship funding, mentorship, leadership development, and community service training.

Strategy

Provide a financial contribution toward the many costs of attending institutions of higher education. Provide scholarship recipients with mentors who are role models and provide advice on academic and professional career decisions. Provide training in leadership development through programs, conferences, and internship opportunities. Promote a culture of giving back to community by requiring scholarship recipients to design and complete an annual community service project.

IF:THEN

IF IF LGBTQ young people have greater access to financial support to help with the cost of attaining a higher education degree…...

THEN Then more LGBTQ young people will choose to pursue and likely complete a higher education degree program.

IF IF LGBTQ students have access to mentors who can help guide them during the pursuit of their academic degree and onward as they begin their career trajectory…...

THEN Then they are more likely to have confidence in their abilities, excel in school and be better prepared for succeeding in their chosen profession.

IF IF LGBTQ students are provided with opportunities to learn, develop and practice leadership skills…...

THEN Then they can give back to their community by helping address the systemic challenges LGBTQ individuals face.
This impact information is current as of October 2018, when it was provided to us by Classy. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

82.22

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.3%
  Administrative Expenses 11.0%
  Fundraising Expenses 13.6%
  Fundraising Efficiency $0.13
  Working Capital Ratio (years) 1.72
  Program Expenses Growth -1.1%
  Liabilities to Assets 2.2%
All data for Financial Performance Metrics calculations was provided by Point Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Point Foundation on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,934,443
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $641,825
   Related Organizations $0
   Government Grants $0
Total Contributions $3,576,268
   Program Service Revenue $0
Total Primary Revenue $3,576,268
   Other Revenue $141,443
TOTAL REVENUE $3,717,711
   
EXPENSES  
   Program Expenses $3,087,707
   Administrative Expenses $460,796
   Fundraising Expenses $538,160
TOTAL FUNCTIONAL EXPENSES $4,086,663
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-368,952
   
Net Assets $9,824,124

Charts

Compensation % of Expenses Paid to Title
$295,544 7.23% Jorge Valencia Executive Director & CEO

Mission

Point Foundation empowers promising lesbian, gay, bisexual, transgender and queer (LGBTQ) students to achieve their full academic and leadership potential - despite the obstacles often put before them - to make a significant impact on society. Point is the nation's largest scholarship provider to LGBTQ students of merit; granting more than 400 scholarships since 2002. Point promotes change through scholarship funding, mentorship, leadership development, and community service training. Upon completing their tenure as scholars, Point Alumni have access to the Point community, resources, and leadership programming. Point continues to explore ways to support LGBTQ students, such as a Community College Scholarship Program (initial funding thanks to Wells Fargo), assisting LGBTQ students in their final year at a community college who are planning to transfer to a four-year college or university. For 2018-2019, Point is providing financial and programmatic support to 98 students.

Highly Rated

Charity Name & State Overall Score Overall Rating
Point Foundation (CA) 87.42 three stars
Institute for Quality Education (IN) 86.56 three stars
Tri-County Scholarship Fund (NJ) 86.41 three stars
The BISON Children's Scholarship Fund (NY) 95.43 four stars
SHRM Foundation (VA) 86.65 three stars

Compare These Charities (Highly Rated)

Charity Contact Info

Point Foundation
5055 Wilshire Boulevard
Suite 501
Los Angeles, CA 90036
tel: (866) 337-6468
fax: (866) 397-6468
EIN: 84-1582086

Mail donations to:
P.O. Box 60108
Los Angeles, CA 90060

Visit Web Site

Board Leadership

James Williams and Alan Guño
Co-Chairs

CEO

Jorge Valencia
Executive Director & CEO