The Ashurst Foundation
- Assets
- $19.3m
- Revenue
- $766.9k
- Investments
- $17.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 20-6325176
Organization Overview
The Ashurst Foundation is located in Boston, MA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ashurst Foundation 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 12/2022, Ashurst Foundation generated $766.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $936.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ashurst Foundation has awarded 403 individual grants totaling $7,083,250. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth K Pozen Trustee | 0 | $0 | |
Robert C Pozen Trustee | 0 | $0 | |
Joanna R Pozen Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $134 |
| Dividends & Interest | $855,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$60,473 |
| Capital Gain Net Income | $11,808 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$28,317 |
| Total Revenue | $766,925 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $250 |
| Total operating and administrative expenses | $3,092 |
| Contributions, gifts, grants paid | $933,000 |
| Total expenses and disbursements | $936,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,727,482 |
| 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 | $5,123,818 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $19,321,771 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, The Ashurst Foundation has awarded $933,000 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ANTI DEFAMATION LEAGUE PURPOSE: TO SUPPORT ORG'S TAX-EXEMPT PURPOSES | $6,000 |
ART IN COMMON PLACES PURPOSE: TO SUPPORT ORG'S TAX -EXEMPT PURPOSE | $500 |
BOSTON HARBOR NOW PURPOSE: TO SUPPORT ORG'S TAX-EXEMPT PURPOSES | $5,000 |
BUNKER HILL COMMUNITY COLLEGE PURPOSE: TO SUPPORT ORG.'S TAX-EXEMPT PURPOSE | $300,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: TO SUPPORT ORG'S TAX-EXEMPT PURPOSES | $10,000 |
COMMITTEE ON CAPITAL MARKETS REGULA PURPOSE: TO SUPPORT ORG'S TAX-EXEMPT PURPOSES | $2,000 |