Massachusetts Bankers Association Scholarship Foundation

Organization Overview

Massachusetts Bankers Association Scholarship Foundation is located in Boston, MA. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Bankers Association Scholarship 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 12/2023, Massachusetts Bankers Association Scholarship Foundation generated $49.5k in total revenue. All expenses for the organization totaled $53.4k during the year ending 12/2023. While expenses have increased by 34.3% per year over the past 5 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 2019, Massachusetts Bankers Association Scholarship Foundation has awarded 63 individual grants totaling $118,900. 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

2023

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $49,500
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $49,500

Grants Awarded

Over the last fiscal year, Massachusetts Bankers Association Scholarship Foundation has awarded $51,000 in support to 21 organizations.

Grant RecipientAmount

PRINCETON UNIVERSITY - AIDEN WALKER

PURPOSE: SCHOLARSHIP

$1,500

COASTAL CAROLINA UNIVERSITY - GINA

PURPOSE: SCHOLARSHIP

$2,500

PENN STATE - LINDZIE JOHNDRO

PURPOSE: SCHOLARSHIP

$2,500

NEW YORK UNIVERSITY - PRATEEK MOTAG

PURPOSE: SCHOLARSHIP

$2,500

UMASS AMHERST - CHRISTOPHER RRAPI

PURPOSE: SCHOLARSHIP

$2,500

WORCESTER POLYTECHNIC - CONNOR SAGA

PURPOSE: SCHOLARSHIP

$2,500
View Grant Profile

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