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Also known as: ASSOCIATION AT LOWELL INC
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Independent University Alumni Association At Lowell Inc. is a private corporation based in LOWELL, MA. The foundation received its IRS ruling in 1952. It holds total assets of $6.4M. Annual income is reported at $285K. The foundation is governed by 14 officers and trustees. Scholarships and grants provided to university students. Tax records are available from 2016 to 2023. According to available records, Independent University Alumni Association At Lowell Inc. has made 4 grants totaling $6.1M, with a median grant of $1.5M. Individual grants have ranged from $157K to $2.9M, with an average award of $1.5M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Scholarships and grants provided to university students
Expenses: $162K
Gift to university of massachusetts foundation for scholarships to be provided to university students
Expenses: $2.9M
Scholarships and grants provided to university students. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in MA.
Independent University Alumni Association At Lowell Inc. has distributed a total of $6.1M across 4 grants. The median grant size is $1.5M, with an average of $1.5M. Individual grants have ranged from $157K to $2.9M.
The application deadline is SUBMISSION DEADLINE FOR FISCAL YEAR ENDING 6/30/2021 WAS 11/7/2020. The scholarships , grants, or awards must be used towards tuition, books fees and other related educational expenses at the university of massachusetts lowell.
Independent University Alumni Association At Lowell Inc. is headquartered in LOWELL, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Margaret Shanahan | EXECUTIVE DIRECTOR | $43K | $0 | $43K |
| Mary Ann Kitrosser | DIRECTOR | $0 | $0 | N/A |
| Richard Donaldson | DIRECTOR | $0 | $0 | N/A |
| Patricia Rivard Gardner | TREASURER | $0 | $0 | N/A |
| Kevin Shanahan | PRESIDENT | $0 | $0 | N/A |
| Walter Dawson | DIRECTOR | $0 | $0 | N/A |
| Hae-Young Christina Joo | DIRECTOR | $0 | $0 | N/A |
| George Duggan | DIRECTOR | $0 | $0 | N/A |
| Richard Russell | DIRECTOR | $0 | $0 | N/A |
| Davis Lee | SECRETARY | $0 | $0 | N/A |
| Valerie King | DIRECTOR | $0 | $0 | N/A |
| Thomas Vaughn | DIRECTOR | $0 | $0 | N/A |
| Joseph Vecchione | DIRECTOR | $0 | $0 | N/A |
| Michael Alpert | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$329K
Total Assets
$9.1M
Fair Market Value
$9.1M
Net Worth
$9.1M
Grants Paid
$191K
Contributions
$3K
Net Investment Income
$240K
Distribution Amount
N/A
Total: $8.8M
Total Grants
4
Total Giving
$6.1M
Average Grant
$1.5M
Median Grant
$1.5M
Unique Recipients
2
Most Common Grant
$2.9M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Massachusetts Foundation IncPROVIDE ANNUAL SCHOLARSHIPS TO UNIVERSITY STUDENTS | Newton, MA | $2.9M | 2022 |
| Various IndividualsSCHOLARSHIPS FOR UNIVERSITY STUDENTS | Lowell, MA | $157K | 2022 |