SHAWN CARTER SCHOLARSHIP FUND
Mission
The Shawn Carter Foundation (aka "Shawn Carter Scholarship Fund") was founded as a public charity in 2003 by Gloria Carter and her son, Shawn "JAY-Z" Carter to open the doors of education, travel, enlightenment and experiences to those that may never have thought it possible. In doing so, the goal is to significantly increase the educational, social, and economic prospects of traditionally underserved students so they can fulfill their dreams and become positive contributors to the global community. Everyone possesses a genius level talent and The Shawn Carter Foundation’s mission is to give a platform to achieve greatness.
Ruling year
2003
CEO and Co-Founder
Gloria Carter
Executive Director
Dania Diaz
Main address
c/o Bessemer Trust 1271 Avenue of the Americas
New York, NY 10020 USA
EIN
11-3662240
NTEE code
Scholarships, Student Financial Aid, Awards (B82)
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
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Communication
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Scholarship Fund
Provides individual grants, paid directly to the educational institution, to every student who qualifies and reapplies yearly, from admission to graduation. The grant can be used to cover tuition expenses and related supplemental educational expenses such as books, lab fees, travel and select costs of living. All Shawn Carter Scholars are required to “give back” by conducting community service and by serving as mentors to younger, aspiring Shawn Carter Scholars.
College Exposure Workshops and HBCU Bus Tour
Exposes aspiring college students to the world of historically black colleges and universities (HBCUs) in order to promote increased college attendance at these institutions of higher learning. Over 10 original partner HBCUs from Pennsylvania to Georgia are visited throughout the tour, and the majority of these institutions become the future academic homes of our college tour participants. Currently the tours service interested candidates in New York, New Jersey and Connecticut. Candidates are required to attend a series of preparatory workshops to strengthen their prospects for college admission including:
ACT/SAT Preparation
Financial Aid & Scholarships Resources
College Essay and the Academic Resume
Interview Skills, Dress for Success
College Orientation
Study Abroad
Funding is a top barrier to first-generation student participation in study abroad. SCF has partnered with institutions to expand opportunities for scholars to travel and develop global perspectives. 31 students have studied abroad with all expenses paid. Past partners include the Institute for International Education (IIE)/Gilman International Scholarship Program and University of the Arts - London.
Where we work
Affiliations & memberships
Joyce E. Smith Excellence in Education (NACAC) 2020
External reviews
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
We aim to:
1) Increase opportunities for advancement among underserved youth seeking to fulfill their educational and professional goals
2)Increase the number of underserved youth attending and graduating post-secondary institutions
3) Strengthen the workforce by preparing diverse talent that has been traditionally underrepresented in various fields, industries, and sectors for vital roles in all facets of business and leadership.
What are the organization's key strategies for making this happen?
Our strategies for making our programs happen are the following
Increase opportunities for advancement among underserved youth seeking to fulfill their educational and professional goals:
Provide scholarship support to remove financial barriers to post secondary education and trade schools
Provide college workshops and an HBCU bus tour to increase knowledge and preparation for college and exposure to Historically Black colleges and universities
Provide funded opportunities for underserved youth to study abroad
Provide wealth building and financial literacy programs
Provide networking opportunities with professionals in a variety of fields and linking scholars with job opportunities
Increase the number of youth attending and graduating post-secondary institutions and trade schools:
Provide scholarship support to remove financial barriers
Expand outreach to high schools to recruit, enroll and engage more youth in our college workshops
Link students with alumni and other scholars for community support and networking
Strengthen the workforce by preparing diverse talent that has been traditionally underrepresented in various fields, industries, and sectors for vital roles in all facets of business and leadership.
Partner with corporations and institutions to secure job exposure, internships and fellowship opportunities for scholars (ex: Josh Dubin Fellowship)
What are the organization's capabilities for doing this?
Our organization has been providing these services for 20 years with qualified staff, dedicated board, focused curricula, and corporate and educational partners and supporters.
What have they accomplished so far and what's next?
We have accomplished tracking the following metrics:
- HBCU Bus Tour: number of students participating in the series of workshops and attending, number of seniors provisionally accepted on the tour, number of students who matriculate at the visited schools
- Scholarship Fund: number of applicants over the course of years, number of scholars graduating within 4 - 5 years, number of scholars receiving job placement after graduation
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
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- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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SHAWN CARTER SCHOLARSHIP FUND
Board of directorsas of 03/20/2023
Gloria Carter
Carolyn Archer
Kashyap Bakhai
Chaka Pilgrim
Neil Sirni
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
Disability
We do not display disability information for organizations with fewer than 15 staff.
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