Rands Foundation
- Assets
- $18.9m
- Revenue
- $685.6k
- Investments
- $14.6m
- Employees
- 0
- Location
- Westwood, MA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 87-0757900
Organization Overview
Rands Foundation is located in Westwood, MA. The organization was established in 2006. 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. Rands 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, Rands Foundation generated $685.6k 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 (14.8%) each year. All expenses for the organization totaled $772.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rands Foundation has awarded 115 individual grants totaling $2,315,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amelia R Rands Trustee | 0.1 | $0 | |
Robert D Rands Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $398,002 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $276,182 |
| Capital Gain Net Income | $375,734 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,447 |
| Total Revenue | $685,631 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,073 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,859 |
| Total operating and administrative expenses | $39,682 |
| Contributions, gifts, grants paid | $732,500 |
| Total expenses and disbursements | $772,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,258,925 |
| 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 | $127,776 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,897,964 |
| 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, Rands Foundation has awarded $732,500 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ADDISON COUNTY COMMUNITY ACTION GROUP INC (HOPE) PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BLESSED STEPHEN BELLESINI OSA ACADEMY INC PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
BOSTON COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
BOSTON DEBATE LEAGUE PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
BRUNSWICK SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |