Overview
What is Ruth A Elmore Trust Fund?
The Ruth A Elmore Trust Fund is a charitable organization that primarily invests in savings and marketable securities. The income generated from these investments is then distributed equally among eleven designated beneficiaries, which include hospitals, societies, and religious institutions. These organizations use the funds for general purposes, as outlined in a declaration of trust established in 1953. The Trust Fund's mission is to directly support these selected organizations and contribute to their ongoing operations.
Is Ruth A Elmore Trust Fund legitimate?
Ruth A Elmore Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ruth A Elmore Trust Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $38,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ruth A Elmore Trust Fund?
The Ruth A Elmore Trust Fund, in accordance with its declaration of trust dated February 2, 1953, provides direct support to various charitable organizations. These organizations include Pen Bay Medical Center, Pine Tree Society, two Shriners Hospitals in the Northeast, the N.E. Anti-Vivisection Society, and six First Church of Christ, Scientist Churches. This support is intended for general purposes, and the income generated from the Trust Fund's investments in savings and marketable securities is evenly distributed among these organizations.
Who is the CEO of Ruth A Elmore Trust Fund?
Henry Osborn is the Trustee of Ruth A Elmore Trust Fund.
What is the revenue of Ruth A Elmore Trust Fund?
Ruth A Elmore Trust Fund's revenue in 2022 was $513,987.
Who are the executives of Ruth A Elmore Trust Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $38,521
- Related: $0
- Other: $0
Where can I find the form 990 for Ruth A Elmore Trust Fund?
Ruth A Elmore Trust Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ruth A Elmore Trust Fund
The Ruth A Elmore Trust Fund, as per its mission, provides direct financial support to several charitable organizations. These organizations include Pen Bay Medical Center, Pine Tree Society, two Shriners Hospitals located in the Northeast, the Anti-Vivisection Society of New England, and six First Church of Christ, Scientist churches. The Trust Fund's purpose is to allocate these funds for general purposes, in accordance with the declaration of trust dated February 2, 1953. The Trust Fund invests in savings and marketable securities, generating income that is then distributed equally among the aforementioned charities, adhering to the guidelines set forth in the declaration of trust.
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Impact
October, 2024
The Ruth A. Elmore Trust Fund significantly impacts various charitable organizations through direct financial support. By investing in savings and marketable securities, the trust generates income that is distributed equally among eleven designated beneficiaries. These include Pen Bay Medical Center and Pine Tree Society, which provide vital healthcare and support services, as well as Shriners Hospitals, known for their specialized pediatric care.
Additionally, the fund supports the N.E. Anti-Vivisection Society, promoting humane treatment of animals, and six churches under the First Church of Christ, Scientist, aiding in their community outreach and spiritual missions. This structured approach ensures that the income serves diverse needs, contributing to the welfare of communities while adhering to the intent expressed in the trust's declaration. Overall, the Ruth A. Elmore Trust Fund plays a crucial role in sustaining essential services and fostering well-being across different sectors.
This information is meant to be a general summary of Ruth A Elmore Trust Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $513,987
- Gross Receipts: $829,248
Assets and Liabilities:
- Total Assets: $11,238,515
- Total Liabilities: $0
- Net Assets: $11,238,515
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Organization Details
Founding Year
1953
Phone
(617) 450-3288Principal Officer
Henry Osborn
Main Address
210 MASSACHUSETTS AVE P02-02, BOSTON, MA, 021153195
NTEE Category
Code: T22 - Philanthropy
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