Foundation Financial and Legal

The Beta Iota Foundation is a non-profit organization, classified as a 501(c)(3) private foundation. Under federal tax laws we are required to make qualifying distributions equal to 5% of our assets annually towards our stated purpose of undergraduate scholarships.

The majority of the Foundation's assets are currently managed by Dimensional Fund Advisors, in accounts carried with National Financial Services LLC, member NYSE, SIPC.

Please contact the Foundation at administrator@betaiotafoundation.org for additional questions and information regarding the Beta Iota Foundation's legal disclosure requirements according to Internal Revenue Code section 6104, including Form 1023, Form 990-PF, and the Foundation's determination letter.