Cabot Corporation Foundation Inc
- Assets
- $462.8k
- Revenue
- $1.0m
- Investments
- $462.8k
- Employees
- 0
- Location
- Boston, MA
- Founding
- 12/1954
- Data as of
- 09/2021
- EIN
- 04-6035227
Organization Overview
Cabot Corporation Foundation Inc is located in Boston, MA. The organization was established in 1954. 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. Cabot Corporation Foundation Inc 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 09/2021, Cabot Corporation Foundation Inc generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cabot Corporation Foundation Inc has awarded 129 individual grants totaling $4,059,575. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOSTON HARBOR NOWFUNDS TO SUPPORT EDUCATION PROGRAM
SOLIDARITE INONDATIONS PEPINSTERFUNDS TO SUPPORT A FLOOD
CHINA FOUNDATION FOR DISABLED PERSONSFUNDS TO ASSIST THE DISABLED AND THE UNDERPRIVILEGED, AND IMPROVES THEIR HEALTH, EDUCATION AND EMPLOYMENT
SCHOLARSHIP AMERICAFUNDS TO ASSIST EMPLOYEES' CHILDREN TO CONTINUE THEIR EDUCATION IN COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane A Bell Director | 0 | $0 | |
Al Rizzo Director | 0 | $0 | |
Guillermo Del Castillo Director | 0 | $0 | |
Tim Knapp Director | 0 | $0 | |
Rob Davies Director | 0 | $0 | |
Peter Brzuska Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3 |
| 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 | $1,000,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10 |
| Contributions, gifts, grants paid | $1,123,377 |
| Total expenses and disbursements | $1,123,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $462,837 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $462,837 |
| 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, Cabot Corporation Foundation Inc has awarded $1,681,115 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INSTITUTE OF CHEMICAL ENGINEERS PURPOSE: PAYABLE $60K/YR 2021-2024 TOTAL $240K (FOSSI SCHOLARSHIP #1) | $240,000 |
BOSTON HARBOR NOW PURPOSE: CABOT EDUCATION PROGRAM AT THE STONE LIVING LAB. $375,000, PAYABLE OVER A THREE-YEAR PERIOD. | $125,000 |
SOLIDARITE INONDATIONS PEPINSTER PURPOSE: FLOOD DONATION FOR PEPINSTER | $89,092 |
CHINA FOUNDATION FOR DISABLED PERSONS PURPOSE: HELPS THE DISABLED AND THE UNDERPRIVILEGED AND IMPROVES THEIR HEALTH, EDUCATION AND EMPLOYMENT BY HUMANITARIANISM AND ACTIVE FUND RAISING. TO HELP CATARACT PATIENTS RECOVER SIGHT. TO HELP PATIENTS REGAIN THEIR EYESIGHT AND GET MORE OPPORTUNITIES TO COME TO SOCIETY. | $72,500 |
SCHOLARSHIP AMERICA PURPOSE: THE CABOT SCHOLARSHIP PROGRAM WAS ESTABLISHED TO ASSIST EMPLOYEES CHILDREN WHO PLAN TO CONTINUE THEIR EDUCATION IN TWO- OR FOUR-YEAR COLLEGES. RENEWABLE SCHOLARSHIPS ARE OFFERED EACH YEAR FOR FULL-TIME STUDY AT AN ACCREDITED INSTITUTION OF THE STUDENTS CHOICE. | $63,000 |
SCHOLARSHIP AMERICA PURPOSE: THE CABOT SCHOLARSHIP PROGRAM WAS ESTABLISHED TO ASSIST EMPLOYEES CHILDREN WHO PLAN TO CONTINUE THEIR EDUCATION IN TWO- OR FOUR-YEAR COLLEGES. RENEWABLE SCHOLARSHIPS ARE OFFERED EACH YEAR FOR FULL-TIME STUDY AT AN ACCREDITED INSTITUTION OF THE STUDENTS CHOICE. | $63,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |