The Missouri Retired Teachers Association authorized the formation of the Missouri Retired Teachers Foundation in 2002. The Foundation is a tax-exempt not-for-profit organization devoted exclusively to carrying out certain charitable, educational, scientific, and literary purposes which include the following:
- To foster a spirit of respect, loyalty, and enthusiasm among retirees.
- To conduct activities and service projects which advance the cause of public education and the teaching profession in Missouri.
- To award grants and scholarships to students enrolled in teacher education programs, to active teachers and to support personnel to extend their professional training.
- To perform other humanitarian endeavors consistent with the Foundation’s Bylaws and Articles of Incorporation.
The Foundation is incorporated under the laws of the State of Missouri and approved by the Internal Revenue Service as a public charity. All contributions and gifts to the Foundation from individuals, firms, associations, and other organizations are tax-deductible for both income tax and gifts from estates. Independent financial audits are performed each year to ensure contributors that the funds are properly accounted for and being used consistent with the Foundation’s purposes.
The Foundation’s Bylaws and Articles of Incorporation were developed and officially approved by the Missouri Retired Teachers Association Executive Committee. The business activities of the Foundation are conducted by the MRTF Board of Directors.