Overview
What is The Alexander Macomber Memorial Scholarship Trust?
The Alexander Macomber Memorial Scholarship Trust is a nonprofit organization with a mission to support undergraduate students in the beta gamma chapter at the Massachusetts Institute of Technology (MIT). By raising and investing funds, they aim to offer interest-free loans and scholarships to these students, thereby promoting their educational endeavors and upholding their charitable intentions. The Trust's purpose is to empower these students financially, thereby contributing to their academic success and personal growth.
Is The Alexander Macomber Memorial Scholarship Trust legitimate?
The Alexander Macomber Memorial Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Alexander Macomber Memorial Scholarship Trust submitted a form 990EZ, 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.
What is the mission statement of The Alexander Macomber Memorial Scholarship Trust?
The Alexander Macomber Memorial Scholarship Trust's mission is centered around raising and investing funds to offer interest-free loans and scholarships to undergraduate students who are part of the Beta Gamma chapter at the Massachusetts Institute of Technology (MIT). This financial aid is provided to support the educational pursuits of these students, thereby fulfilling the trust's charitable and educational purpose. The trust aims to use its resources to make higher education more accessible for these students, thereby contributing to their academic growth and success.
Who is the CEO of The Alexander Macomber Memorial Scholarship Trust?
Jonathan Varsanik is the President of The Alexander Macomber Memorial Scholarship Trust.
What is the revenue of The Alexander Macomber Memorial Scholarship Trust?
The Alexander Macomber Memorial Scholarship Trust's revenue in 2022 was $6,888.
Who are the executives of The Alexander Macomber Memorial Scholarship Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for The Alexander Macomber Memorial Scholarship Trust?
The Alexander Macomber Memorial Scholarship Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Alexander Macomber Memorial Scholarship Trust
The Alexander Macomber Memorial Scholarship Trust is dedicated to achieving its charitable and educational purpose by raising and strategically investing funds. These funds are then utilized to provide interest-free loans and/or scholarships to undergraduate students who are part of the Beta Gamma chapter at the Massachusetts Institute of Technology (MIT). By offering such financial aid, the Trust aims to support these students in their academic pursuits and contribute to their overall growth and development.
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Impact
August, 2024
The Alexander Macomber Memorial Scholarship Trust impacts the lives of Beta Gamma undergraduates attending the Massachusetts Institute of Technology by providing interest-free loans and scholarships. By raising and investing funds for this specific purpose, the Trust helps alleviate the financial burden on students pursuing higher education at MIT. This support not only furthers the educational goals of these students but also contributes to the overall charitable and educational purposes of the Trust.
This information is meant to be a general summary of The Alexander Macomber Memorial Scholarship Trust. 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: $4,830
- Gross Receipts: $6,888
Assets and Liabilities:
- Total Assets: $495,188
- Total Liabilities: $0
- Net Assets: $495,188
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Organization Details
Phone
(508) 400-4719Principal Officer
Jonathan Varsanik
Main Address
52 UPLAND ROAD, SHARON, MA, 02067
NTEE Category
Code: B82 - Education
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