Beard Family Charitable Trust
- Assets
- $1.2m
- Revenue
- $136.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Wayland Ma, MA
- Founding
- 04/1966
- Data as of
- 12/2022
- EIN
- 04-6133161
Organization Overview
Beard Family Charitable Trust is located in Wayland Ma, MA. The organization was established in 1966. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Beard Family Charitable Trust 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, Beard Family Charitable Trust generated $136.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $196.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Beard Family Charitable Trust has awarded 855 individual grants totaling $1,895,840. 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
THE BEARD FAMILY CHARITABLE TRUST RECEIVES INVESTMENT INCOME WHICH IT DISTRIBUTES TO PRESELECTED CHARITABLE ORGANIZATIONS QUALIFYING UNDER IRC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Beard Trustee | 0 | $0 | |
Mary S Beard Trustee | 0 | $0 | |
Sarah H Beard Director | 0 | $0 | |
Andrew D Beard Director | 0 | $0 | |
Susan S Beard Director | 0 | $0 | |
Daniel P Beard Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $81,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,964 |
| Capital Gain Net Income | $54,964 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $136,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $295 |
| Total operating and administrative expenses | $10,693 |
| Contributions, gifts, grants paid | $185,500 |
| Total expenses and disbursements | $196,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,305 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,178,050 |
| 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, Beard Family Charitable Trust has awarded $185,500 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
A FAR CRY PURPOSE: GENERAL PURPOSE | $500 |
AMERICAN FREINDS SERVICE COMMITTEE PURPOSE: GENERAL PURPOSE | $200 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: GENERAL PURPOSE | $10,000 |
BOSTON LYRIC OPERA PURPOSE: GENERAL PURPOSE | $1,600 |
BOSTON MEDICAL CENTER PURPOSE: GENERAL PURPOSE | $500 |
BOSTON SYMPHONY ORCHESTRA PURPOSE: GENERAL PURPOSE | $12,000 |