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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
No Greater Sacrifice Foundation
 
Employer identification number
26-1572599
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
 
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2023
Page 2

Schedule I (Form 990) 2023
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1) Scholarships for Continued Education 58 1,916,480   N/A N/A
(2) Mentorship expenses and other recipient benefits 235 137,625   N/A N/A
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
Part I, Line 2: No Greater Sacrifice (NGS) grants are awarded to children of fallen and wounded Service members with the goal of providing a debt-free undergraduate college education. NGS delivers scholarships and resources to improve their quality of life through the pursuit of higher education. NGS honors the sacrifices of our Service members by investing in their children's capacity for greatness through education. In addition to the critical funding, NGS provides personalized mentorship and coaching to each scholar and their families to help them better define their career and educational goals, and to improve their quality of life through the pursuit of higher education. The scholarship covers tuition and fees (up to the cost of Public In-State University/College Tuition and Fees), room and board, books, and special equipment. To monitor the use of grant funds, through the application process a scholar's eligibility is verified based on Department of Defense and Veteran's Affairs related documentation to ensure the NGS requirements are met for selection. A funding liability is established based on information known at time of selection. For each school term, each scholar's detailed request for funds are reviewed by both the Program Manager, Executive Director/Director of Operations, and NGS Board Member and Military Family Liaison with approval from the NGS Finance Committee (composed of: Chairman, Treasurer, Director of Investments) to disburse funds. Funds are disbursed directly to the college or university, when possible, to be applied to the student's account/expenses with NGS being the last dollar to ensure their account is fully paid. Along with NGS, the funds are monitored with the schools and scholars with any unused funds returned to the organization. Additionally, each scholar is reviewed by the board annually. Any remaining liability at the time of completion is then able to be used for new scholars.
Part III, Line 2(c) Amount of grant- Scholarships for education In 2023, NGS awarded $1,610,000 in scholarships to 38 new recipients. In accordance with GAAP accounting, the net present value of the 2023 scholarships awarded must be determined. The net present value is based on the recipient's age and discount rate and is adjusted annually to reflect changes in various factors, most notably the recipient's age. The net present value of the 2023 scholarships awarded and reported in Part III, column (c) is $1,916,480. At the end of 2023, NGS has a total of 357 scholarship recipients.
Schedule I (Form 990) 2023



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