Educational Institutions

Panhellenic Scholarship Foundation

  • Chicago, IL
  • www.panhellenicscholarships.org

Mission Statement

To promote education by providing scholarships and educational programs to Greek American students who, guided by the values of their Hellenic upringing, have the potential to become life-long significant achievers and contribute meanigfully to society.

Main Programs

  1. Scholarship Awards
  2. Hellenic Birthright
Service Areas

Self-reported

National

The PanHellenic Scholarship Foundation awards monetary scholarships to eligible students from all 50 states.  The Foundation's educational program, Hellenic Birthright, is also open to Greek American college students from all 50 States.

ruling year

2002

Principal Officer

Self-reported

Mr. Chris Tomaras

Co Principal Officer

Self-reported

Mr. Yanni Valsamas

Keywords

Self-reported

Scholarships, Greek American, Educational Programs, Hellenic, Birthright, Awards

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EIN

36-4302482

Physical Address

17 N. Wabash Ave., Ste. 600

Chicago, IL 60602

Contact

Cause Area (NTEE Code)

Fund Raising and/or Fund Distribution (B12)

Scholarships, Student Financial Aid, Awards (B82)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

The PanHellenic Scholarship Foundation is a non-profit 501 (c)(3) national Greek American organization that recognizes and honors exceptional undergraduate students of Hellenic descent, and supports their efforts with significant financial grants.  The PanHellenic Awards are based on academic merit and financial need.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

Scholarship Awards

Awards are offered to recognize and reward students who have demonstrated exceptional academic performance as well as provide meaningful support to those with the greatest financial need. By recognizing the achievements of highly performing students, the PanHellenic Scholarship Foundation encourages those with potential to continue their pursuit of significant accomplishments over the course of their lives.The Awards of $250,000 are offered at two levels:- Twenty (20) Awards of $10,000 based on academic achievement and financial need- Twenty (20) Awards of $2,500 based solely on academic achievementSelection of Award Recipients is made by an Academic Committee appointed by the Foundation’s Board of Directors. This Committee works independently and makes its decisions based on established criteria set forth in the scholarship application. Undergraduate students of Hellenic descent enrolled in an accredited university in any of the 50 United States are eligible to apply. The application can be downloaded directly from our website.

Category

Population(s) Served

Budget

$250,000.00

Program 2

Hellenic Birthright

Hellenic Birthright is a unique educational and cultural experience for Greek American college students, ages 18-25 living in the United States who have never been to Greece. This study-abroad program enables students to experience the history, culture and everyday life of Greece, while they broaden their education through accredited college courses. Hellenic Birthright was launched in collaboration with Anatolia College and their school of higher studies, the American College of Thessaloniki in 2012. The Foundation underwrites the study abroad expenses for all accepted students. Students will only be responsible for their airfare, health insurance and incidental expenses.Hellenic Birthright connects American students of Hellenic descent with their ancestral homeland through uniquely tailored educational and cultural activities that blend academics, art, architecture, and history.Please visit our blog at greekscholarships.net(http://www.greekscholarships.net/) where our inaugural participants wrote about their life-changing experiences. You can also see the impact Hellenic Birthright has made on these young lives in our newsletter(http://www.panhellenicscholarships.org/news/hellenic_birthright.pdf) .

Category

Population(s) Served

Budget

$100,000.00

Service Areas

Self-reported

National

The PanHellenic Scholarship Foundation awards monetary scholarships to eligible students from all 50 states.  The Foundation's educational program, Hellenic Birthright, is also open to Greek American college students from all 50 States.

Social Media

Blog

Funding Needs

The Foundation hopes to raise $200,000 in 2013.  This will cover the cost of operations and the Hellenic Birthright educational program.

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

PANHELLENIC SCHOLARSHIP FOUNDATION
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Panhellenic Scholarship Foundation

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2012
  • Board Chair and Board Members
  • Access to the GuideStar Community
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Principal Officer

Mr. Chris Tomaras

Co Principal Officer

Mr. Yanni Valsamas

BIO

With roots in Messenia, Chris Greece, where he received his formal schooling.  In 1958, after attending the Athens Graduate School of Economics and Business Sciences, he moved to the U.S. Initially, Mr. Tomaras was involved in a number of entrepreneurial businesses that led to the establishment and successful 20-year operation of the largest Greek food products manufacturer in the U.S. known as “Kronos Foods.”  Since the sale of Kronos Foods, Mr. Tomaras founded Tomaras Investments, Ltd., a private investment firm with holdings in real estate, the money markets and in several operating companies in the U.S. and abroad.       

 

 

Mr. Tomaras has been named “Distinguished Greek American” and recognized with the “Ellis Island Medal of Honor.”  He is an Archon of the Order of St. Andrews of the Ecumenical Patriarchate and a member of Leadership 100.  He is also a member of the Anatolia College Board of Trustees and a founding member of the American Foundation of Hellenic Studies at Georgia State University.  In 2003 he became honorary citizen of Panama City, Panama, and in 2004 he was named “Hellene of the Year” by the Hellenic Bar Association of Illinois.  In 2005 he was appointed as member of the Hellenic National Commission for UNESCO. In 2010, he received an honorary Doctor of Humanities degree from the Hellenic College-Holy Cross in Boston, MA.

STATEMENT FROM THE Principal Officer

""After 10 years with the organization, I feel more compelled and determined now more than ever to ensure that the Foundation continues for many decades to come.  You can help the PanHellenic Scholarship Foundation meet its goals to provide scholarships and educaitonal programs with your donation.  Every donation has a life-changing impact upon a deserving student." -Yanni Valsamas, Executive Director"

Governance

BOARD CHAIR

Mr. Chris P. Tomaras

Founder

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization


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BOARD ORIENTATION & 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?


RESPONSE NOT PROVIDED

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?


RESPONSE NOT PROVIDED

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?


RESPONSE NOT PROVIDED

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?


RESPONSE NOT PROVIDED

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?