Aksel Nielsen Foundation

Organization Overview

Aksel Nielsen Foundation is located in Cambridge, MA. The organization was established in 1959. 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. Aksel Nielsen 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 12/2021, Aksel Nielsen Foundation generated $284.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $239.6k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Aksel Nielsen Foundation has awarded 193 individual grants totaling $1,071,725. 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

NONE


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Board, Officers & Key Employees

Name (title)Compensation
Judith M Pemstein
President
$0
Alan B Pemstein
Secretary
$0
Benjamin Pemstein
Trustee
$0
Michael Pemstein
Treasurer
$0
Robert Pemstein
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $79,333
Profit on Inventory Sales $0
Other Income $431
Total Revenue $284,304

Grants Awarded

Over the last fiscal year, Aksel Nielsen Foundation has awarded $197,475 in support to 39 organizations.

Grant RecipientAmount

ACLU

PURPOSE: GENERAL SUPPORT

$5,000

ADL NEW ENGLAND

PURPOSE: GENERAL SUPPORT

$5,000

BOYS AND GIRLS CLUB BOSTON

PURPOSE: GENERAL SUPPORT

$2,000

BROTHERS AT BARD BARD COLLEGE

PURPOSE: GENERAL SUPPORT

$1,000

CASA MYRNA VAZQUEZ

PURPOSE: GENERAL SUPPORT

$5,000

CAMP AVODA

PURPOSE: GENERAL SUPPORT

$40,000
View Grant Profile

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