James M Stoneman Charitable Fund
- Assets
- $33.6m
- Revenue
- $2.0m
- Investments
- $32.5m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 04-2741931
Organization Overview
James M Stoneman Charitable Fund is located in Boston, MA. The organization was established in 1981. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. James M Stoneman Charitable Fund 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 06/2022, James M Stoneman Charitable Fund generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, James M Stoneman Charitable Fund has awarded 93 individual grants totaling $12,982,505. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Morrissey Trustee | 0 | $0 | |
Thea Stoneman Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrissey Hawkins & Lynch | 6/29/22 | $350,000 |
Pkf O'connor Davies Advisory Llc | 6/29/22 | $42,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,344 |
| Dividends & Interest | $1,285,415 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $675,027 |
| Capital Gain Net Income | $675,027 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,163 |
| Total Revenue | $2,025,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,714 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $128,534 |
| Total operating and administrative expenses | $531,585 |
| Contributions, gifts, grants paid | $2,162,830 |
| Total expenses and disbursements | $2,694,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,099,529 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,174,680 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,593,745 |
| Accounts payable and accrued expenses | $32 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32 |
Grants Awarded
Over the last fiscal year, James M Stoneman Charitable Fund has awarded $2,162,830 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BARNSTABLE CLEAN WATER COALITION PURPOSE: GENERAL SUPPORT | $500 |
BELMONT HILL SCHOOL INC PURPOSE: GENERAL SUPPORT | $1,000 |
BOCA RATON REGIONAL HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $250,000 |
EXPONENT PHILANTHROPY PURPOSE: GENERAL SUPPORT | $780 |
BOSTON COLLEGE PURPOSE: GENERAL SUPPORT | $250,000 |
CCHC FOUNDATION PURPOSE: GENERAL SUPPORT | $500,000 |