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Albert H Stone & Reuben S Stone Fund is a private trust based in GARDNER, MA. The foundation received its IRS ruling in 1951. The principal officer is Bowditch & Dewey. It holds total assets of $2.4M. Annual income is reported at $309K. The foundation is governed by 3 officers and trustees. Scholarships granted during the year. Tax records are available from 2020 to 2023. According to available records, Albert H Stone & Reuben S Stone Fund has made 118 grants totaling $477K, with a median grant of $2K. The foundation has distributed between $152K and $171K annually from 2020 to 2023. Individual grants have ranged from $250 to $39K, with an average award of $4K. The foundation has supported 68 unique organizations. The foundation primarily supports organizations in Massachusetts, New Hampshire, Rhode Island, which account for 73% of all grants. Grantmaking reaches organizations across 14 states. Contributions to this foundation are tax-deductible.
Scholarships granted during the year
Expenses: $127K
Scholarships granted during the year. Based on available records, the foundation has funded 118 grants. Its grantmaking reaches organizations primarily in MA, NH, RI.
Albert H Stone & Reuben S Stone Fund has distributed a total of $477K across 118 grants. The median grant size is $2K, with an average of $4K. Individual grants have ranged from $250 to $39K.
The application deadline is High school seniors May 1st and college students June 1st.. Restricted to post secondary education for boys and girls who are residents of Gardner, Massachusetts, whether they attend Gardner High School or any other high school.
Albert H Stone & Reuben S Stone Fund is headquartered in GARDNER, MA. While based in MA, the foundation distributes grants to organizations across 14 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Carlton E Nichols | Trustee | $9K | $0 | $9K |
| Catherine T Nichols | Trustee | $9K | $0 | $9K |
| Donna J Belle-Isle | Trustee | $9K | $0 | $9K |
Total Giving
$210K
Total Assets
$2.3M
Fair Market Value
$3.4M
Net Worth
$2.3M
Grants Paid
$171K
Contributions
N/A
Net Investment Income
$73K
Distribution Amount
$169K
Total Grants
118
Total Giving
$477K
Average Grant
$4K
Median Grant
$2K
Unique Recipients
68
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of MassScholarship | Amherst, MA | $39K | 2023 |
| Fitchburg UniversityScholarships | Fichburg, MA | $17K | 2023 |
| Worcester State UniveersityScholarships | Worcester, MA | $16K | 2023 |
| Salem State UniversityScholarships | Salem, MA | $8K | 2023 |
| Saint Anselm CollegeScholarships | Manchester, NH | $7K | 2023 |
| Framingham State UniversityScholarhip | Framingham, MA | $6K | 2023 |
| Mount Wachusett Community CollegeScholarships | Gardner, MA | $6K | 2023 |
| Northeastern UniversityScholarships | Boston, MA | $5K | 2023 |
| Mass College Of Art DesignScholarships | Boston, MA | $4K | 2023 |
| Providence CollegeScholarships | Providence, RI | $4K | 2023 |
| Westfield State UniversityScholarships | Westfield, MA | $4K | 2023 |
| Curry CollegeScholarships | Milton, MA | $4K | 2023 |
| University Of Mass LowellScholarship | Lowell, MA | $4K | 2023 |
| Assumption CollegeScholarships | Worcester, MA | $4K | 2023 |
| Univesity Of ConnecticutScholarships | Storrs, CT | $3K | 2023 |
| Rochester Institute Of TechnologyScholarhip | Rochester, NY | $3K | 2023 |
| Thomas CollegeScholarship | Waterville, ME | $3K | 2023 |
| University Of North CarolinaScholarship | Chapel Hille, NC | $3K | 2023 |
| Suffolk UniverstiyScholarships | Boston, MA | $3K | 2023 |
| Clemson UniversityScholarhip | Clemson, SC | $3K | 2023 |
| Wentworth Institute Of TechnologyScholarships | Boston, MA | $2K | 2023 |
| Montserrat College Of ArtScholarships | Beverly, MA | $2K | 2023 |
| Nichols CollegeScholarships | Dudley, MA | $2K | 2023 |
| Purdue UniversityScholarships | West Lafayette, IN | $2K | 2023 |
| Endicott CollegeScholarships | Beverly, MA | $2K | 2023 |
| University Of MaineScholarship | Orono, ME | $2K | 2023 |
| Merrimack CollegeScholarship | North Andover, MA | $2K | 2023 |
| Bridgewater State UniversityScholarships | Bridgewater, MA | $2K | 2023 |
| Franklin Pierce CollegeScholarships | Ringe, NH | $2K | 2023 |
| Penn State UniversityScholarships | State College, PA | $2K | 2023 |
| Stonehill CollegeScholarships | Easton, MA | $2K | 2023 |
| Gordon CollegeScholarship | Wenham, MA | $2K | 2023 |
| Fashion Institute Of TechnologyScholarships | New York, NY | $1K | 2023 |
| Ithaca CollegeScholarships | Ithaca, NY | $1K | 2023 |
| Mount HolyokeScholarship | South Hadley, MA | $1K | 2023 |
| Louisiana State UniversityScholarships | Baton Rouge, LA | $750 | 2023 |
| Ohio State UniversityScholarships | Columbus, OH | $750 | 2023 |