Eugene Atwood Fund

Organization Overview

Eugene Atwood Fund is located in Stonington, CT. The organization was established in 1999. 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. Eugene Atwood 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 03/2022, Eugene Atwood Fund generated $344.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $241.4k during the year ending 03/2022. While expenses have increased by 6.0% per year over the past 6 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 2017, Eugene Atwood Fund has awarded 18 individual grants totaling $805,237. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES INTEREST FREE TUITION LOANS TO WORTHY NEW LONDON COUNTY RESIDENTS ENROLLED IN COLLEGE AT THE UNDERGRADUATE LEVEL.


THE FOUNDATION PROVIDES DIRECT GRANTS TO WORTHY NEW LONDON COUNTY RESIDENTS FOR EDUCATIONAL PURPOSES AND COMMUNITY ACTIVITIES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $20,000
Interest on Savings $0
Dividends & Interest $161,204
Net Rental Income$0
Net Gain on Sale of Assets $40,591
Capital Gain Net Income $40,591
Net ST Capital Gain $3,536
Income Modifications $0
Profit on Inventory Sales $0
Other Income $122,267
Total Revenue $344,062

Grants Awarded

Over the last fiscal year, Eugene Atwood Fund has awarded $124,917 in support to 3 organizations.

Grant RecipientAmount

STUDENT LOAN ADVANCES

PURPOSE: STUDENT LOANS

$91,142

ATWOOD AWARD

PURPOSE: EDUCATION GRANTS

$29,500

GRANTS

PURPOSE: EDUCATIONAL GRANTS

$4,275
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Eugene Atwood Fund has recieved totaling $20,000.

Awarding OrganizationAmount
Wimpfheimer Foundation Inc

Stonington, CT

PURPOSE: GENERAL EXPENSES OF THE ORGANIZATION

$20,000
View Grant Recipient Profile

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