Albert H Stone & Reuben S Stone Fund

Organization Overview

Albert H Stone & Reuben S Stone Fund is located in Gardner, MA. The organization was established in 1951. 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. Albert H Stone & Reuben S Stone 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 12/2021, Albert H Stone & Reuben S Stone Fund generated $154.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $161.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Albert H Stone & Reuben S Stone Fund has awarded 87 individual grants totaling $282,250. 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 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS GRANTED DURING THE YEAR


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Board, Officers & Key Employees

Name (title)Compensation
Carlton E Nichols
Trustee
$9,320
Catherine T Nichols
Trustee
$9,320
Donna J Bellelsie
Trustee
$8,500

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $17,287
Dividends & Interest $77,270
Net Rental Income$0
Net Gain on Sale of Assets $60,155
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $154,712

Grants Awarded

Over the last fiscal year, Albert H Stone & Reuben S Stone Fund has awarded $128,050 in support to 40 organizations.

Grant RecipientAmount

UNIVERSITY OF MASS

PURPOSE: SCHOLARSHIP

$21,250

FITCHBURG UNIVERSITY

PURPOSE: SCHOLARSHIP

$9,650

SALEM STATE UNIVERSITY

PURPOSE: SCHOLARSHIP

$8,000

Beverly, MA

PURPOSE: SCHOLARSHIP

$5,500

ASSUMPTION COLLEGE

PURPOSE: SCHOLARSHIP

$5,500

MOUNT WACHUSETT COMMUNITY COLLEGE

Org PageRecipient Profile

Gardner, MA

PURPOSE: SCHOLARSHIP

$5,150
View Grant Profile

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