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CHARITY REVIEW
Issued: February 2025 Expires: February 2026

Scholarship Foundation of St. Louis

Accredited Charity
Accredited Charity

Meets Standards
(314) 725-3456
6825 Clayton Ave Ste 100
Saint Louis, MO, 63139-3749
https://sfstl.org/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Scholarship Foundation of St. Louis meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to provide access to post-secondary education to members of our community who otherwise would not have the financial means to fulfill their educational goals."

Year, State Incorporated:
1929, MO

The Scholarship Foundation of St. Louis provides access to post-secondary education to those who otherwise would not have the financial means to fulfill their educational goals. Operating on a nondiscriminatory basis, the Scholarship Foundation provides direct financial assistance to applicants with significant financial need who demonstrate satisfactory academic progress and good character and are the St. Louis Metropolitan statistical area as well as a number of other communities in Missouri and Illinois. Annually, the Scholarship Foundation awards grants and interest and fee-free loans in excess of $5 million to approximately 500 students. Additionally, the Scholarship Foundation serves more then 5,000 students who are planning postsecondary education or those who are currently pursuing technical, associate, bachelor, graduate, and professional degrees. The Foundation provides guidance and assistance to students and families navigating the financial aid process by conducting free public workshops and placing Student Advisors in schools in need of college advising resources and have a high proportion of students from low-income backgrounds. The Scholarship Foundation also offers college preparation and persistence support, academic advising, access to fellowships, and financial support for mental health care.”

For the year ended December 31, 2023, Scholarship Foundation of St. Louis's program expenses were:

Programs $7,978,428
Total Program Expenses $7,978,428

Chief Executive
Faith Sandler, Executive Director

Compensation*
$280,068

Chair of the Board
Tom Ruwitch, Community Volunteer

Chair's Profession / Business Affiliation

Board Size
30

Paid Staff Size
18

* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 7.68%

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 Scholarship Foundation of St. Louis's audited financial statements for the year ended December 31, 2023.

Source of Funds
Contributions and Grants $8,263,072
Net Investment Return $2,258,824
Interest Income not Charged on Student Loans $1,120,268
Collection Fees and Other $107,772
Total Income $11,749,936

Programs: 87% Fundraising: 7% Administrative: 6%

Total Income $11,749,936
Total expenses: $9,128,223
  Program expenses $7,978,428
  Fundraising expenses $634,528
  Administrative expenses $515,267
  Other expenses $0
Income in Excess of Expenses $2,621,713
Beginning Net Assets $43,488,390
Other Changes In Net Assets $-2,905,740
Ending Net Assets $43,204,363
Total Liabilities $3,201,092
Total Assets $46,405,455

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB of Eastern & Southwest Missouri & Southern Illinois