Edwards Scholarship Fund
- Assets
- $10.6m
- Revenue
- $453.6k
- Investments
- $9.9m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 02/1940
- Data as of
- 07/2024
- EIN
- 04-6002496
Organization Overview
Edwards Scholarship Fund is located in Boston, MA. The organization was established in 1940. 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. Edwards Scholarship 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 07/2024, Edwards Scholarship Fund generated $453.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $556.5k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Edwards Scholarship Fund has awarded 1,207 individual grants totaling $3,559,361. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT SCHOLARSHIPS TO COLLEGE STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Bonn III Trustee | 5 | $0 | |
Margaret Flanagan Trustee | 5 | $0 | |
Timothy Blank Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney | 7/30/22 | $68,853 |
Hemeway & Barnes Llp | 7/30/22 | $55,923 |
Burke & Associates Cpas Inc | 7/30/22 | $13,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,650 |
| Interest on Savings | $69,398 |
| Dividends & Interest | $188,490 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $188,036 |
| Capital Gain Net Income | $188,036 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $453,574 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,672 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,082 |
| Total operating and administrative expenses | $139,008 |
| Contributions, gifts, grants paid | $417,450 |
| Total expenses and disbursements | $556,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,301 |
| Savings and temporary cash investments | $0 |
| 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 | $1,549,516 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,571,573 |
| 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, Edwards Scholarship Fund has awarded $417,450 in support to 124 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAELLE NORBRUN PURPOSE: SCHOLARSHIP | $3,500 |
ALISSA PRINSTON PURPOSE: SCHOLARSHIP | $3,500 |
AISLING MCQUAID PURPOSE: SCHOLARSHIP | $4,000 |
ALIYAH HAMILTON PURPOSE: SCHOLARSHIP | $3,500 |
ANDRIANNA LEON PURPOSE: SCHOLARSHIP | $3,500 |
ANH HONG PURPOSE: SCHOLARSHIP | $4,000 |