Albert H & Reuben S Stone Fund
The Albert H & Reuben S Stone Fund is a private foundation located in Gardner, Massachusetts. Established in 1948 and tax-exempt since August 1951, the fund operates as a 501(c)(3) organization with no employees. The foundation's primary focus is awarding scholarships to support education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+0.8% YoY
Annual Giving
$156K
-8.6% YoY
Grant Count
33
-10.8% YoY
Avg Grant Size
$5K
+2.4% YoY
Mission & Focus Areas
The fund's stated purpose is to grant scholarships to worthy children who are residents of Gardner, Massachusetts, and to institutions located in the city of Gardner that benefit worthy children of the community. The foundation exclusively funds scholarship programs.
Grantmaking
The Albert H & Reuben S Stone Fund is an active grantmaker focused on scholarship distribution:
Grant Types
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Geographic Focus
Where this funder awards grants
The fund primarily serves Gardner, Massachusetts, with a specific focus on scholarships for worthy children who are residents of Gardner and grants to local institutions that benefit Gardner's youth.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023:
- Total Assets: $2,340,547
- Total Revenues: $148,238
- Total Expenses: $209,875
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,358,181 | $2,340,547 | $2,403,670 |
| Revenue | $213,693 | $148,238 | $160,065 |
| Expenses | $197,131 | $209,875 | $186,229 |
| Qualifying Distributions | $172,453 | $186,400 | $165,631 |
| Net Investment Income | $74,094 | $72,973 | $139,467 |
| Distributable Amount | $171,150 | $169,346 | $160,696 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Carlton E Nichols | Trustee | 3 | $8,980 |
| Catherine T Nichols | Trustee | 3 | $8,980 |
| Donna J Belle-Isle | Trustee | 3 | $9,150 |
Contact Information
- Address: 31 Lake Street, Suite 181, Gardner, MA 01440
- Telephone: 978-630-2800
- EIN: 04-6050419
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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