Albert H Stone & Reuben S Stone Fund
- Assets
- $2.4m
- Revenue
- $160.1k
- Investments
- $2.0m
- Employees
- 0
- Location
- Gardner, MA
- Founding
- 08/1951
- Data as of
- 12/2022
- EIN
- 04-6050419
Organization Overview
Albert H Stone & Reuben S Stone Fund is located in Gardner, MA. The organization was established in 1951. 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. Albert H Stone & Reuben S Stone 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 12/2022, Albert H Stone & Reuben S Stone Fund generated $160.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $186.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Albert H Stone & Reuben S Stone Fund has awarded 121 individual grants totaling $434,150. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS GRANTED DURING THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlton E Nichols Trustee | 3 | $0 | |
Catherine T Nichols Trustee | 3 | $0 | |
Donna J Bellelsie Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $72,117 |
| Capital Gain Net Income | $72,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,065 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,419 |
| Total operating and administrative expenses | $34,329 |
| Contributions, gifts, grants paid | $151,900 |
| Total expenses and disbursements | $186,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,552 |
| Savings and temporary cash investments | $353,708 |
| 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 | $2,041,409 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $2,403,670 |
| 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, Albert H Stone & Reuben S Stone Fund has awarded $151,900 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ASSUMPTION COLLEGE PURPOSE: SCHOLARSHIPS | $4,750 |
ENDICOTT COLLEGE PURPOSE: SCHOLARSHIPS | $4,250 |
CURRY COLLEGE PURPOSE: SCHOLARSHIPS | $4,250 |
BROWN UNIVERSITY PURPOSE: SCHOLARSHIPS | $1,750 |
FITCHBURG UNIVERSITY PURPOSE: SCHOLARSHIPS | $20,150 |
FRANKLIN PIERCE COLLEGE PURPOSE: SCHOLARSHIPS | $4,500 |