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Also known as: C/O MARSHA E RICH ESQ
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Artemas W Stearns Trust is a private trust based in ANDOVER, MA. The foundation received its IRS ruling in 1972. The principal officer is Marsha E Rich Esq. It holds total assets of $4.2M. Annual income is reported at $1.5M. The foundation is governed by 5 officers and trustees. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Massachusetts. According to available records, Artemas W Stearns Trust has made 108 grants totaling $669K, with a median grant of $5K. Annual giving has grown from $203K in 2021 to $466K in 2022. Individual grants have ranged from $2K to $20K, with an average award of $6K. The foundation has supported 42 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$20K
Based on 37 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Artemas W Stearns Trust is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 108 grants. Its grantmaking reaches organizations primarily in MA.
Artemas W Stearns Trust has distributed a total of $669K across 108 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $2K to $20K.
The application deadline is JANUARY 31 OF THE YEAR FOR WHICH THE GRANTS ARE REQUESTED.. Grant recipients will be required to sign a receipt and assent in the form approved by the trust. In addition, the organization must certify to the trust that the funds have been expended for the purposes for which the grant was made and describe the disposition of the funds no later than december 31 of the year in which the grant was made. If the funds have not been fully spent by december 31, the organization must send a letter by that date stating how much of the grant has been spent and that the amount spent for the purposes for which the grant was made. Future grant requests from the organization which do not comply with this requirement will not be considered by the trustees.
Artemas W Stearns Trust is headquartered in ANDOVER, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rev Christopher Casey | TRUSTEE | $6K | $0 | $6K |
| Marsha E Rich Esq | TRUSTEE | $6K | $0 | $6K |
| Eileen M Khoury | TRUSTEE | $6K | $0 | $6K |
| John T Pollano Esq | TRUSTEE | $6K | $0 | $6K |
| Matthew A Kraunelis | TRUSTEE | $6K | $0 | $6K |
Total Giving
$357K
Total Assets
$4.3M
Fair Market Value
$4.4M
Net Worth
$4.3M
Grants Paid
$256K
Contributions
N/A
Net Investment Income
$101K
Distribution Amount
$208K
Total: $4.2M
Total Grants
108
Total Giving
$669K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
42
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lazarus HouseCHARITY | Lawrence, MA | $20K | 2022 |
| Greater Lawrence Community Boating ProgramCHARITY | Lawrence, MA | $18K | 2022 |
| Boys & Girls Club Of LawrenceCHARITY | Lawrence, MA | $15K | 2022 |
| Groundwork LawrenceCHARITY | Lawrence, MA | $15K | 2022 |
| Neighbors In NeedCHARITY | Lawrence, MA | $15K | 2022 |
| Lawrence General HospitalHEALTH | Lawrence, MA | $13K | 2022 |
| Food For The World IncCHARITYCHARITY | Lawrence, MA | $10K | 2022 |
| Mary Immaculate Healthcare ServicesHEALTH | Lawrence, MA | $10K | 2022 |
| Bread & Roses HousingCHARITY | Lawrence, MA | $10K | 2022 |
| Notre Dame Cristo Rey High SchoolEDUCATION | Lawrence, MA | $8K | 2022 |
| Bellesini Osa AcademyEDUCATION | Lawrence, MA | $8K | 2022 |
| Teach For America MassachusettsEDUCATION | Boston, MA | $7K | 2022 |
| St George Eastern Orthodox ChurchCHARITY | Lawrence, MA | $6K | 2022 |
| Merrimack Valley Food Bank IncCHARITY | Lowell, MA | $5K | 2022 |
| Esperanza AcademyEDUCATION | Lawrence, MA | $5K | 2022 |
| Bread & RosesCHARITY | Lawrence, MA | $5K | 2022 |
| Central Catholic High SchoolEDUCATION | Lawrence, MA | $5K | 2022 |
| Lawrence ProsperaCHARITY | Lawrence, MA | $5K | 2022 |
| Notre Dame Education CenterEDUCATION | Lawrence, MA | $5K | 2022 |
| Lawrence Community WorksCHARITY | Lawrence, MA | $5K | 2022 |
| Regis CollegeEDUCATION | Lawrence, MA | $5K | 2022 |
| Communities Together IncCHARITY | Lawrence, MA | $4K | 2022 |
| Brooks SchoolEDUCATION | North Andover, MA | $3K | 2022 |
| Community In RoadsCHARITY | North Andover, MA | $3K | 2022 |
| Easter Seals MassachusettsCHARITY | Worcester, MA | $3K | 2022 |
| Lawrence History CenterEDUCATION | Lawrence, MA | $3K | 2022 |