Marion & Jasper Whiting Foundation
- Assets
- $4.4m
- Revenue
- $363.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1967
- Data as of
- 10/2023
- EIN
- 04-6147345
Organization Overview
Marion & Jasper Whiting Foundation is located in Boston, MA. The organization was established in 1967. According to its NTEE Classification (B40) the organization is classified as: Higher Education, 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. Marion & Jasper Whiting 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 10/2023, Marion & Jasper Whiting Foundation generated $363.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $290.6k during the year ending 10/2023. While expenses have increased by 3.3% per year over the past 4 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 2020, Marion & Jasper Whiting Foundation has awarded 144 individual grants totaling $838,986. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO AWARD FELLOWSHIPS TO TEACHERS AT THE COLLEGE OR UNIVERSITY LEVEL FOR STUDY ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A PERMANENT CHARITABLE TRUST FUND ESTABLISHED UNDER THE WILL OF JASPER WHITING. THE FOUNDATION BEGAN AWARDING ANNUAL FELLOWSHIPS AFTER THE DEATH OF MR. WHITING'S WIFE, MARION, IN 1965. FOR THE FOUNDATION'S F/Y/E 10/31/2023, THE TRUSTEES RECEIVED 104 APPLICATIONS AND MADE 42 AWARDS TOTALING $256,409. ACCORDING TO THE WILL, THE BENEFITS UNDER THE FOUNDATION ARE TO BE CONFERRED AT THE SOLE DISCRETION OF THE TRUSTEES BUT SHALL NOT AT ANY TIME BE DENIED FOR REASONS OF RACE, COLOR, NATIONALITY, RELIGION, OR GENDER. ALL APPLICANTS MUST SUBMIT THEIR PROPOSAL FOR THEIR PROJECT OF STUDY TO THE TRUSTEES WITHIN CERTAIN TIME DEADLINES EACH YEAR. IN AN AGREEMENT WITH THE IRS, THE TRUSTEES HAVE AGREED TO MAKE THE AWARDS DIRECTLY TO THE COLLEGE OR UNIVERSITY WITH WHICH THE APPLICANT IS AFFILIATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert G Bannish See Note Part-Time Trustee | Trustee | 1 | $0 |
Bonny S Kellerman Part-Time Trustee | Trustee | 0.2 | $1,864 |
Deborah Kaufman Appointed 52323 Part-Time Trustee | Trustee | 0.2 | $736 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $140,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $169,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $363,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,409 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,054 |
| Compensation of current officers, directors, key employees. | $10,054 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,816 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,720 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $150 |
| Total functional expenses | $290,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $312,340 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,093,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,405,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,405,615 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,405,615 |
Grants Awarded
Over the last fiscal year, Marion & Jasper Whiting Foundation has awarded $232,738 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BRANDEIS UNIVERSITY PURPOSE: TRAVEL ASSISTANCE FOR ASSOCIATE PROFESSOR DR. JONATHAN ANJARIA. | $6,900 |
BRIDGEWATER STATE UNIVERSITY PURPOSE: TRAVEL ASSISTANCE FOR ASSOCIATE PROFESSOR CAROLINE STANLEY. | $8,215 |
COLBY SAWYER COLLEGE PURPOSE: TRAVEL ASSISTANCE FOR ASSOCIATE PROFESSOR EWA CHRUSCIEL. | $5,850 |
COLLEGE OF THE HOLY CROSS PURPOSE: TRAVEL ASSISTANCE FOR ASSISTANT PROFESSOR DR. ADITI MALIK. | $7,058 |
CONNECTICUT COLLEGE PURPOSE: TRAVEL ASSISTANCE FOR ASSOCIATE PROFESSOR CHRIS BARNARD. | $6,135 |
FRAMINGHAM STATE UNIVERSITY PURPOSE: TRAVEL ASSISTANCE FOR PROFESSOR TALIA ADRY. | $5,436 |