Overview
What is James M And Cathleen D Stone Family Foundation Inc?
The James M and Cathleen D Stone Family Foundation Inc is a grant-making organization based in Boston, Massachusetts. Their primary mission is to support Harvard University and The Boston Foundation, Inc., by funding research and education in various fields. The foundation is dedicated to advancing knowledge and promoting academic growth through financial contributions. Their focus on both educational and scientific pursuits showcases their commitment to fostering innovation and progress within these important sectors.
What are the reviews and ratings of this charity?
Charity Navigator rating: 86% (Three-Star out of Four Star rating)
The James M and Cathleen D Stone Family Foundation Inc has received an 86% rating from Charity Navigator, reflecting a strong level of accountability and financial health. The foundation boasts a high score in all evaluated categories, particularly excelling in program expense ratio, indicating that a significant majority of its funds are directed towards its mission-driven programs rather than administrative costs.
The organization has a fully independent board, with 71% of its members meeting independence criteria. This independent oversight is complemented by rigorous financial practices, including a comprehensive audit and oversight committee, ensuring that the foundation operates transparently and responsibly. Additionally, there are no reported material diversions of assets, and conflict of interest policies are in place, further demonstrating a commitment to integrity.
While the foundation's overall performance is commendable, it is important for potential donors to consider the context of its operations and how effectively it meets its stated mission. Although the foundation scores well in financial metrics, further insights into its programmatic impact could provide a fuller picture of its effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is James M And Cathleen D Stone Family Foundation Inc legitimate?
James M And Cathleen D Stone Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. James M And Cathleen D Stone Family Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of James M And Cathleen D Stone Family Foundation Inc?
The James M and Cathleen D Stone Family Foundation supports the educational and scientific pursuits of Harvard University and the Boston Foundation. They accomplish this by offering grants to promote research and education in various fields. The foundation's mission is geared towards advancing knowledge and learning through financial assistance. By providing resources for research and education, the foundation aims to contribute to the advancement of multiple disciplines. Their commitment to supporting Harvard University and the Boston Foundation reflects their dedication to fostering intellectual growth and innovation.
Who is the CEO of James M And Cathleen D Stone Family Foundation Inc?
Cathleen D Stone is the President & Trustee of James M And Cathleen D Stone Family Foundation Inc.
What is the revenue of James M And Cathleen D Stone Family Foundation Inc?
James M And Cathleen D Stone Family Foundation Inc's revenue in 2022 was $16,240,815.
Who are the executives of James M And Cathleen D Stone Family Foundation Inc and what are their salaries?
There 9 volunteers at James M And Cathleen D Stone Family Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $636,389
- Other: $43,403
- Compensation: $0
- Related: $218,653
- Other: $30,907
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $359,101
- Other: $32,372
- Compensation: $0
- Related: $419,978
- Other: $35,958
Where can I find the form 990 for James M And Cathleen D Stone Family Foundation Inc?
James M And Cathleen D Stone Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of James M And Cathleen D Stone Family Foundation Inc
The James M and Cathleen D Stone Family Foundation Inc is a grant-making organization with a mission to advance the educational and scientific pursuits of Harvard University and the Boston Foundation, Inc. In simple terms, this philanthropic entity supports research and education across various fields affiliated with these esteemed institutions.
By providing financial assistance, the James M and Cathleen D Stone Family Foundation Inc contributes significantly to the ongoing efforts of Harvard University and the Boston Foundation, Inc. This partnership enables the institutions to expand their reach and make strides in the scientific community, ultimately benefiting society as a whole. The foundation's commitment extends to numerous disciplines, ensuring a diverse range of projects and initiatives receive the necessary backing.
In pursuit of its goals, the James M and Cathleen D Stone Family Foundation Inc acts as a catalyst for innovation and knowledge expansion. Its financial support serves as the fuel that propels groundbreaking research and educational programs, fostering intellectual growth and problem-solving within the academic sphere. Through its grant-making activities, the foundation plays a vital role in fostering the next generation of thinkers, researchers, and innovators, creating a lasting impact on the academic landscape and, by extension, the world.
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Impact
October, 2024
The James M And Cathleen D Stone Family Foundation Inc significantly advances educational and scientific initiatives, particularly through its support of research and education at Harvard University and the Boston Foundation. By providing grants, the foundation helps facilitate important research across various fields, fostering academic growth and innovation. This commitment to educational advancement not only enhances the academic landscape but also contributes to societal progress by supporting projects that could lead to impactful scientific discoveries and advancements. The foundation's role in promoting scholarly activities bolsters critical thinking, exploration, and the dissemination of knowledge, ultimately benefiting both local and broader communities through its investments in education and scientific research.
This information is meant to be a general summary of James M And Cathleen D Stone Family Foundation Inc. 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: $593,616
- Gross Receipts: $17,999,469
Assets and Liabilities:
- Total Assets: $8,055,068
- Total Liabilities: $0
- Net Assets: $8,055,068
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Organization Details
Founding Year
1994
Phone
(617) 951-1504Principal Officer
Cathleen D Stone
Main Address
695 ATLANTIC AVENUE, BOSTON, MA, 02111
NTEE Category
Code: U120 - Science research
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