Masonic Education And Charity Trust

Organization Overview

Masonic Education And Charity Trust is located in Boston, MA. The organization was established in 1934. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masonic Education And Charity Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 08/2020, Masonic Education And Charity Trust generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $1.6m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Masonic Education And Charity Trust has awarded 29 individual grants totaling $33,887,419. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD AND INVEST FUNDS FOR RELATED MASONIC ORGANIZATIONS AND DISTRIBUTE INCOME EARNED TO THEM AND TO RETURN THEIR INVESTED FUNDS WHEN REQUIRED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

***THE MASONIC EDUCATION AND CHARITABLE TRUST HOLDS AND INVESTS FUNDS FOR THE MASONIC HOME, THE GRAND LODGE OF MASONS IN MASSACHUSETTS AND OTHER MASONIC ORGANIZATIONS. NET INCOME AND FUNDS ARE DISTRIBUTED TO THESE ORGANIZATIONS FOR THEIR CHARITABLE PROGRAMS AS DESCRIBED BELOW:THE ESSENTIAL QUALITIES MASONS SHARE IN THEIR DIVERSE LIVES ARE A BELIEF IN A SUPREME BEING AND A DESIRE TO STRIVE FOR:**FELLOWSHIP WITH OTHER MASONS**HIGH MORAL STANDARDS**KINDNESSS IN THE HOME**COURTESY IN SOCIETY**HONESTY IN BUSINESS**FAIRNESS IN ALL DEALINGSBEING A MASON:BEING A MASON IS ABOUT A FATHER HELPING HIS SON MAKE BETTER DECISIONS; A BUSINESS LEADER STRIVING TO BRING MORALITY TO THE WORKPLACE; A THOUGHTFUL MAN LEARNING TO WORK THROUGH TOUGH ISSUES IN HIS LIFE.FELLOWSHIP, FRIENDSHIP, AND COMMUNITY SERVICE:THROUGHOUT A MASON'S LIFE, FELLOWSHIP AND FRIENDSHIP IS A KEY COMPONENT, AS WELL AS COMMUNITY SERVICE. THE TYPICAL MASON WANTS TO CONTINUE TO GROW AS A MAN AND TO BENEFIT SOCIETY.FELLOWSHIP:BY ATTENDING MASONIC LODGE MEETINGS AND LEARNING FROM YOUR FELLOW MASONS, YOU WILL STRENGTHEN THE BONDS OF FELLOWSHIP AS YOU JOIN TOGETHER WITH LIKE-MINDED MEN WHO SHARE IDEALS OF BOTH A MORAL AND METAPHYSICAL NATURE. YOU'LL ENJOY THE FRIENDSHIP OF OTHER MASONS IN THE COMMUNITY, AND YOU'LL BE WELCOMED AS A "BROTHER" BY MASONS EVERYWHERE IN THE WORLD. FREEMASONRY ALSO PROMISES THAT SHOULD YOU EVER BE OVERTAKEN BY MISFORTUNE, SICKNESS, OR ADVERSITY THROUGH NO FAULT OF YOUR OWN, THE HANDS OF OUR GREAT FRATERNITY WILL BE STRETCHED FORTH TO AID AND ASSIST YOU.CHARITY:FROM ITS EARLIEST DAYS, CHARITY HAS BEEN THE MOST VISIBLE MASONIC ACTIVITY. FREEMASONS HAVE ALWAYS BEEN DEVOTED TO CARING FOR DISADVANTAGED CHILDREN, THE SICK AND THE ELDERLY. IN FACT, MASONS IN NORTH AMERICA GIVE AWAY APPROXIMATELY $3 MILLION TO NATIONAL AND LOCAL CHARITIES EACH DAY, OF WHICH MORE THAN 70% IS DIRECTED TOWARD THE GENERAL PUBLIC. MASONS ARE ALSO ACTIVELY INVOLVED IN A GREAT DEAL OF COMMUNITY VOLUNTEER WORK.EDUCATION:THE GRAND LODGE OF MASSACHUSETTS HAS ADVOCATED THE EDUCATION OF ITS MEMBERS SINCE ITS EARLIEST YEARS. ITS CEREMONIES PROVIDE INSTRUCITON TO ALL MEMBERS, SUPPLEMENTED BY VARIOUS OTHER ACTIVITIES SUCH AS SEMINARS, LECTURES, WORKSHOPS, AND READING. BECAUSE FREEMASONRY IS AN ESOTERIC SOCIETY, CERTAIN ASPECTS OF ITS WORK ARE NOT GENERALLY DISCLOSED TO THE PUBLIC. FREEMASONRY USES AN INITIATORY SYSTEM OF DEGREES TO EXPLORE ETHICAL AND PHILOSOPHICAL ISSUES, AND THE SYSTEM IS LESS EFFECTIVE IF THE OBSERVER KNOWS BEFOREHAND WHAT WILL HAPPEN. IT IS DESCRIBED IN MASONIC CRAFT RITUAL AS "A BEAUTIFUL SYSTEM OF MORALITY VEILED IN ALLEGORY AND ILLUSTRATED BY SYMBOLS."LEADERSHIP:FREEMASONRY OFFERS ITS MEMBERS LEADERSHIP OPPORTUNITIES AT THE LODGE, DISTRICT, AND GRAND LODGE LEVEL. AS FREEMASONS PROGRESS THROUGH THE CRAFT, THEY DISCOVER DIFFERENT ASPECTS OF THEMSELVES AND DEVELOP A RANGE OF SKILLS THAT EVEN THEY MIGHT NOT HAVE KNOWN THEY POSSESSED. BY DEVELOPING LEADERSHIP TECHNIQUES THAT FIT THEIR PERSONALITY, MASONS UNLOCK THE DOOR TO THEIR FULL POTENTIAL. FOR MORE THAN TEN YEARS THE GRAND LODGE OF MASSACHUSETTS HAS SPONSORED THE MASONIC LEADERSHIP INSTITUTE FOR ITS MEMBERS TO STRENGTH LEADERSHIP WITHIN OUR FRATERNITY AND TO CONTRIBUTE TO THE PERSONAL GROWTH OF MASSACHUSETTS MASONS.MASONIC HEALTH SYSTEM (MHS) OF MASSACHUSETTS WAS ESTABLISHED IN 2001 TO CONTINUE THE MASONIC TRADITION OF CARING. MHS PROVIDES A CONTINUUM OF QUALITY SERVICES AND PROGRAMS TO THOSE IN NEED BY PROUDLY SPONSORING THE FOLLOWING:THE OVERLOOK COMMUNITYA 219 INDEPENDENT LIVING RESIDENCE CONTINUING CARE RETIREMENT COMMUNITY (CCRC) ON THE CHARLTON CAMPUS COMPRISED OF 205 APARTMENTS AND 14 COTTAGES. THE OVERLOOK COMMUNITY IS DESIGNED TO OFFER HIGH QUALITY, MAINTENANCE-FREE LIVING AND RELIEVE FUTURE HEALTH CARE CONCERNS WITH COMPLETE PEACE OF MIND.OVERLOOK MASONIC HEALTH CENTERONE OF THE MOST RESPECTED LONG-TERM CARE FACILITIES IN THE STATE IS SITUATED ON 450+ ACRES OF BEAUTIFUL COUNTRYSIDE IN CHARLTON. FOR NEARLY A CENTURY, THE OVERLOOK MASONIC HEALTH CENTER HAS BEEN CARING FOR MASSACHUSETTS MASONS, THEIR WIVES, WIDOWS, AND OTHER MEMBERS OF THE COMMUNITY. THE HEALTH CENTER HAS REMAINED COMMITTED TO ITS MISSION TO MAINTAIN A PROFESSIONAL STAFF THAT PROVIDES HIGH QUALITY CARE AND SERVICES IN AN ENVIRONMENT THAT FOSTERS RESPECT, DIGNITY AND CHOIOCE. SOME OF THE MEDICAL SERVICES PROVIDED AT THE HEALTH CENTER INCLUDE: 24-HOUR SKILLED NURSING, POST-ACUTE CARE SERVICES, ALZHEIMER'S AND OTHER DEMENTIA RELATED CARE PROGRAMS, FITNESS PROGRAMS, REHABILITATIVE SERVICES, AND NUTRITIONAL SERVICES.OVERLOOK VISITING NURSE ASSOCIATION & HOSPICE SERVICESA FULL SERVICE MEDICARE AND MEDICAID HOME HEALTH AGENCY, OFFERING SPECIALIZED SERVICES AND PROGRAMS THROUGHOUT THE COMMONWEALTH TO AN AVERAGE DAILY CENSUS OF APPROXIMATELY 1700 CLIENTS. THE OVERLOOK VISITING NURSE ASSOCIATION PROVIDES EXEMPLARY HEALTH CARE SERVICES ACROSS THE CONTINUUM WITH AN EMPHASIS ON HEALTH AND WELL-BEING. SERVICES ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK, AND WEEKEND ADMISSIONS ARE ACCEPTED. VISITING NURSE SERVICES CAN BE EASILY OBTAINED BY CONTACTING THE OVERLOOK OFFICE IN YOUR AREA. IN ADDDITION, REFERRALS CAN BE MADE FROM YOUR DOCTOR, HOSPITAL DISCHARGE PLANNERS, EXTENDED CARE FACILITIES AND COMMUNITY AGENCIES.OUR TEAMS OF PROFESSIONALS PROVIDE SERVICES TO INDIVIDUALS AND CAREGIVERS TO HELP COPE WITH THE CIRCUMSTANCES ASSOCIATED WITH A TERMINAL ILLNESS. THE HOSPICE TEAM DESIGNS A PLAN OF CARE TO MEET THE NEEDS OF THE PATIENT AND FAMILY, WITH THE GOAL OF REDUCING PAIN AND PROVIDING COMFORT AND SUPPORT. OVERLOOK HOSPICE SERVICES, OFFERED IN SOUTHERN WORCESTER COUNTY AND NEW BEDFORD, ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK, 365 DAYS A YEAR.OVERLOOK HEALTH & WELLNESS INFOSOURCEA RESOURCE PROVIDING FREE ACCESS AND REFERRALS TO ALL YOUR HEALTH RELATED QUESTIONS AND CONCERNS. THE OVERLOOK HEALTH & WELLNESS INFOSOURCE WILL ASSIST YOU WITH REFERRALS IN SUCH AREAS AS HOME HEALTH CARE, MEDICAL SUPPPLIES, CAREGIVER ASSISTANCE, NUTURITIONAL ASSISTANCE, GENERAL HEALTH CARE, AND GUIDANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Mason W Russell
Treasurer
$0
Richard Maggio
President
$0
John R Halsey
Clerk & Trustee
$0
Craig Macpherson
Asst. Treasurer
$0
Paul R Perkins
Trustee
$0
Thomas R Appleton II
Trustee
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,649,066
Investment income $120,575
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $452,857
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,222,498

Grants Awarded

Over the last fiscal year, Masonic Education And Charity Trust has awarded $91,250 in support to 3 organizations.

Grant RecipientAmount

DEMOLAY FOUNDATION OF MASSACHUSETTS

PURPOSE: TO FUND VARIOUS PROGRAMS AND PROVIDE FINANCIAL ASSISTANCE

$38,750

MASONIC SERVICE ASSOCIATION OF NA

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: TO FUND VARIOUS PROGRAMS AND PROVIDE FINANCIAL ASSISTANCE

$31,500

GEORGE WASHINGTON MASONIC MEMORIAL

Org PageRecipient Profile

Alexandria, VA

PURPOSE: TO FUND VARIOUS PROGRAMS AND PROVIDE FINANCIAL ASSISTANCE

$21,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Masonic Education And Charity Trust has recieved totaling $332,229.

Awarding OrganizationAmount
Grimshaw Gudewicz Charitable Foundation

Fall River, MA

PURPOSE: SCHOLARSHIPS

$180,000
Stephen C Luce Foundation 14-3300800070

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$148,554
Barr Foundation

Boston, MA

PURPOSE: MATCHING GIFTS PROGRAM: FOR UNRESTRICTED SUPPORT

$1,500
$1,100
William & Karen Tell Foundation

Wilmington, DE

PURPOSE: GENERAL & UNRESTRICTED

$1,000
David Joyce Charitable Trust

Newton, MA

PURPOSE: GENERAL FUND

$50
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$39,692,695
Earnings-$3,610,008
Admin Expense$48,113
Net Contributions$1,024,985
Other Expense$1,491,280
Ending Balance$35,568,279

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