The Mary-Louise Eddy And Ruth N Eddy Foundation
- Assets
- $5.5m
- Revenue
- $195.4k
- Investments
- $5.3m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 22-2642870
Organization Overview
The Mary-Louise Eddy And Ruth N Eddy Foundation is located in Boston, MA. The organization was established in 1996. 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. Mary-Louise Eddy And Ruth N Eddy 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 12/2022, Mary-Louise Eddy And Ruth N Eddy Foundation generated $195.4k 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 (21.5%) each year. All expenses for the organization totaled $470.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mary-Louise Eddy And Ruth N Eddy Foundation has awarded 57 individual grants totaling $1,086,700. 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 FOUNDATION PROVIDES GRANTS FOR CHARITABLE PURPOSES WITH SPECIAL ATTENTION GIVEN TO THE SUPPORT AND BETTERMENT OF WHEATON COLLEGE IN NORTON, MASSACHUSETTS AND TO THE GENERAL
CULTURAL, SOCIAL AND CIVIC BETTERMENT OF THE COMMUNITY OF BREWESTER, MASSACHUSETTS AND OTHER COMMUNITES IN THE COMMONWEALTH OF MASSACHUSETTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Neese Trustee | 0 | $0 | |
Roger V O'day Trustee | 0 | $0 | |
Fiduciary Trust Co Trustee | 0 | $50,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $69,230 |
| Capital Gain Net Income | $75,928 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,377 |
| Total Revenue | $195,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,641 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,460 |
| Total operating and administrative expenses | $65,579 |
| Contributions, gifts, grants paid | $405,200 |
| Total expenses and disbursements | $470,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,884 |
| Savings and temporary cash investments | $179,770 |
| 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 | $1,498,418 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,463,102 |
| 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, The Mary-Louise Eddy And Ruth N Eddy Foundation has awarded $405,200 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY DEVELOPMENT PARTNERSHIP PURPOSE: GENERAL SUPPORT | $30,000 |
CAPE COD CHAPTER OF AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $5,000 |
CAPE COD MUSEUM OF NATURAL PURPOSE: GENERAL SUPPORT | $25,000 |
CAPE COD HEALTHCARE FOUNDATION PURPOSE: GENERAL PURPOSES | $25,000 |
JR TECH INC PURPOSE: GENERAL PURPOSES | $12,500 |
MASSACHUSETTS AUDUBON PURPOSE: GENERAL SUPPORT | $25,000 |