A Private Foundation located in MALDEN, MA



Latest data derived from the private foundation e-Filings updated by the IRS

IRS Form 990 PF

P

2023 Tax Year

About this Private Foundation: 425194


This private foundation is located in Malden and provides grants for various charitable purposes. It focuses on philanthropy, voluntarism, and grantmaking. Recently, the foundation awarded $13,000 to a high school to help cover advanced placement exam costs. Additionally, it granted $263,000 to colleges and universities for scholarships benefiting selected graduating students from the same high school, enhancing their post-secondary education opportunities. The foundation supports its focus area by facilitating access to educational resources and financial assistance for students in need.

Foundation Profile


In the tax year 2024, a notable private foundation based in Malden has demonstrated a strong commitment to philanthropy, voluntarism, and grantmaking through its substantial asset base of $7.0 million USD. This foundation has actively engaged in charitable giving, distributing a total of $257.6K in grants to support educational initiatives and enhance opportunities for students in the region. The foundation's mission centers on empowering the next generation through funding that prioritizes scholarships and educational resources. In this tax year, the trustees awarded $13,000 to a local high school to assist with the costs of advanced placement exams, ensuring that students have the resources needed to excel academically. Additionally, the foundation allocated $263,000 to various colleges and universities, specifically aimed at providing scholarships for 18 graduating students from the high school. This funding not only supports their immediate educational needs but also lays the groundwork for their future academic pursuits. Eligible applicants for grants typically include educational institutions and organizations that align with the foundation's focus on enhancing educational access and success for students. The foundation seeks to partner with entities that share its commitment to fostering academic achievement and supporting the educational aspirations of youth. Funding priorities are clearly defined, with a strong emphasis on scholarship programs and educational support that directly benefit students. The foundation's approach to charitable giving reflects a deep understanding of the challenges faced by students in accessing higher education, particularly in the context of financial barriers. Overall, this private foundation exemplifies a dedicated effort to uplift and empower students through targeted funding opportunities. By focusing on educational grants and scholarships, it plays a pivotal role in shaping the future of young individuals in its community, ensuring they have the support necessary to succeed in their post-secondary education endeavors. Grant seekers are encouraged to explore potential funding opportunities that align with the foundation's mission and priorities.
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MALDEN, MA

Summary

Assets

$7m

Distributions

$257.5k

Contributions

$0

Grant Median

$

Count

0

Grant Max

$0
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Latest Tax e-Filing

2023

Published by IRS

2024

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# Name Title Hours / Wk Comp ($)

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State

MA

City

MALDEN

Purpose

Interest

Philanthropy, Voluntarism & Grantmaking Foundations

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Nonprofit Grant Provider in MALDEN, MA with $7m in Assets