P.E.O. Foundation

P.E.O. Foundation

The P.E.O. Foundation is not a project but is a service to the P.E.O. Sisterhood that benefits all of the projects.

P.E.O. Foundation Facts

Purpose

The P.E.O. Foundation is a nonprofit corporation established in 1961 to encourage tax-deductible giving to the educational and charitable projects of the P.E.O. Sisterhood. Because it qualifies as a charity under Section 501(c)(3) of the Internal Revenue Code, gifts and bequests to the Foundation are deductible for U.S. and state income, estate and gift tax purposes. Gifts to local or state chapter funds are not tax-deductible because these entities are not qualified charities.

Administration

The P.E.O. Foundation is administered by a board of trustees who are members of P.E.O. and are assisted by P.E.O. Executive Office personnel. Management of investments follows established policies and guidelines with expert advice from independent money managers and consultants.

  1. Annual Income Transfers – Donors may establish a fund that annually transfers income to one or more of our five International projects or to other P.E.O. qualified educational and charitable projects. If transfers are to be divided among more than one project, that division must be equal.
  2. Scholarship Funds – Funds may be established for payment of scholarships awarded by the scholarship committee. When the principal balance of the fund reaches $5,000, the income will be available for scholarships, payable to the recipient or the school in which she is enrolled.
  3. Undesignated Funds – Undesignated Funds may be established for the benefit of the projects without the donor having to determine the exact distribution of income. Donors may leave that decision to the trustees of the P.E.O. Foundation who annually distribute the income to the projects based on current needs.