Overview
What is Massachusetts Medical Society Charitable & Educational Fund?
The Massachusetts Medical Society Charitable & Educational Fund is a nonprofit organization situated in Waltham, Massachusetts. In the fiscal year 2022, they provided financial aid in the form of low-interest loans to 104 qualifying medical students, totaling $1.2 million. These loans are specifically offered to third and fourth-year students enrolled in accredited medical schools within Massachusetts. The primary mission of this fund is to support the education and careers of future medical professionals in the state.
Is Massachusetts Medical Society Charitable & Educational Fund legitimate?
Massachusetts Medical Society Charitable & Educational Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Massachusetts Medical Society Charitable & Educational 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.
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What is the mission statement of Massachusetts Medical Society Charitable & Educational Fund?
The Massachusetts Medical Society Charitable & Educational Fund's mission is centered around providing financial aid to medical students. Specifically, they issue low-interest loans to third and fourth-year students enrolled in accredited medical schools within Massachusetts. In the fiscal year 2022, this fund distributed loans to 104 eligible medical students, totaling $1,200,000. This financial aid aims to support these students in their pursuit of medical degrees, thereby contributing to the healthcare sector.
Who is the CEO of Massachusetts Medical Society Charitable & Educational Fund?
Michele P Pugnaire is the Chair of Massachusetts Medical Society Charitable & Educational Fund.
What is the revenue of Massachusetts Medical Society Charitable & Educational Fund?
Massachusetts Medical Society Charitable & Educational Fund's revenue in 2022 was $175,968.
Who are the executives of Massachusetts Medical Society Charitable & Educational Fund and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Massachusetts Medical Society Charitable & Educational Fund?
Massachusetts Medical Society Charitable & Educational Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Massachusetts Medical Society Charitable & Educational Fund
The Massachusetts Medical Society Charitable & Educational Fund is dedicated to supporting third and fourth-year medical students enrolled in accredited medical schools within Massachusetts. Its primary mission involves issuing low-interest loans to these students to help alleviate their financial burdens during their academic journey. In the fiscal year 2022, this charitable organization extended loans to 104 qualified students in an amount of $1.2 million.
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Impact
October, 2024
Massachusetts Medical Society Charitable & Educational Fund significantly impacts the educational landscape for aspiring medical professionals in the Commonwealth of Massachusetts. By issuing low-interest loans to third and fourth-year medical students enrolled in accredited medical schools, the organization alleviates financial burdens that these students face as they progress toward their careers in healthcare.
In the fiscal year 2022 alone, the Fund issued $1,200,000 in loans to 104 qualified medical students. This financial support not only enables students to focus on their studies and clinical training but also fosters a new generation of healthcare providers ready to meet the needs of their communities. By investing in the education of future physicians, the Fund plays a crucial role in ensuring a robust healthcare workforce in Massachusetts, ultimately benefiting public health and access to medical care throughout the region.
This information is meant to be a general summary of Massachusetts Medical Society Charitable & Educational 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.
- Program Service Revenue: $169,451
- Gross Receipts: $175,968
Assets and Liabilities:
- Total Assets: $8,815,048
- Total Liabilities: $4,856,515
- Net Assets: $3,958,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON STUDENT LO
Revenue
$169,451
Organization Details
Founding Year
1955
Phone
(781) 434-7178Principal Officer
Michele P Pugnaire
Main Address
860 WINTER STREET, WALTHAM, MA, 024511411
NTEE Category
Code: B82Z - Education
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