Albert H & Reuben S Stone Fund
The Albert H & Reuben S Stone Fund is a private foundation based in Gardner, Massachusetts. It supports post-secondary education through scholarships for boys and girls who are Gardner residents, whether they attend Gardner High School or another high school.
Albert H & Reuben S Stone Fund at a glance
In short: Albert H & Reuben S Stone Fund gave $170K across 48 grants in 2025 (avg $4K), mostly in Massachusetts. 19% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $170,235
- +9.1% vs 2024
- Grants made (2025)
- 48
- +45.5% vs 2024
- Average grant
- $3,547
- -25.0% vs 2024
- Median grant
- $1,875
- Total assets
- $2,414,912
- +2.4% vs 2024
- New grantees (estimate)
- 19% first-time grantees (7 of 37, 2025)
- Primary geography
- Massachusetts (81% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Albert H & Reuben S Stone Fund
- How to Apply
-
Contact Carlton E Nichols Jr and submit a completed scholarship application. High school seniors must also provide a teacher’s letter of recommendation. Required materials include the applicant’s parents’ signed and completed most recent federal income tax return; a statement of estimated expenses and estimated support; an essay about educational goals, life or family goals, and circumstances meriting special consideration; a résumé listing extracurricular activities; and a copy of the financial aid award letter from the college the applicant plans to attend. Awards are restricted to boys and girls who are Gardner, Massachusetts, residents pursuing post-secondary education.
- Review Cycle
- High school seniors: May 1; college students: June 1.
- Deadline
- High school seniors: May 1; college students: June 1.
- Contact
Application contact: Carlton E Nichols Jr
Mailing address: 31 Lake St Suite 181, Gardner, MA 01440
Phone: (978) 630-2800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Albert H & Reuben S Stone Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Mass ($44K). Together the top 10 received $98K.
Organizations only. It also paid 9 individual scholarships ($25,485), which are not listed by name.
Grant Size Distribution
192 grants across all recorded years
The most common grant size was under $50K: 192 grants of 192 (100%).
Geographic Focus
Where this funder awards grants
The fund’s stated scholarship eligibility is limited to residents of Gardner, Massachusetts. In 2025, 81% of grant dollars went to recipients in Massachusetts; the reported shares for other states were Maine 4%, New York 3%, Rhode Island 3%, and New Hampshire 2%.
Grant Distribution by State
Share of 2025 grant dollars across all 48 itemized grants.
States
Cities
Is Albert H & Reuben S Stone Fund open to new grantees?
19%
first-time grantees, 2025
In 2025, 7 of 37 grantees (19%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $2K repeat.
- 65% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+12%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $128K (2021) to $171K (2023). In 2025 it made 48 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Mass Amherst, MA | Scholarships | $43,500 |
| 9 individual scholarships Recipients not named | — | $25,485 |
| University of Mass Lowell Lowell, MA | Scholarships | $11,500 |
| Fitchburg University Fichburg, MA | Scholarships | $10,500 |
| Bridgewater State University Bridgewater, MA | Scholarships | $9,500 |
| Westfield State University Westfield, MA | Scholarships | $4,750 |
| University of Maine Orono, ME | Scholarships | $4,000 |
| Springfield College Springfield, MA | Scholarships | $4,000 |
| Univeristy of North Carolina Chapel Hill, NC | Scholarships | $4,000 |
| Framingham State University Framingham, MA | Scholarhips | $3,250 |
Ready to take the next step with Albert H & Reuben S Stone Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,414,912 | $270,028 | $213,297 | $170,235 | 48 | $187,460 | $71,101 | $185,802 |
| 2024 | $2,358,181 | $213,693 | $197,131 | $156,000 | 33 | $172,453 | $74,094 | $171,150 |
| 2023 | $2,340,547 | $148,238 | $209,875 | $170,750 | 37 | $186,400 | $72,973 | $169,346 |
| 2022 | $2,403,670 | $160,065 | $186,229 | $151,900 | 34 | $165,631 | $139,467 | $160,696 |
| 2021 | $2,429,834 | $154,712 | $161,164 | $128,050 | 40 | $141,296 | $74,689 | $168,732 |
| 2020 | $2,436,286 | $96,072 | $189,901 | $154,200 | 47 | — | $74,651 | $154,997 |
Under IRS private-foundation payout rules, Albert H & Reuben S Stone Fund reported a distributable amount of $186K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s 2025 filing describes awards as restricted to post-secondary education for Gardner residents. It reports that 111 scholarships were granted to students attending 47 different colleges during 2025.
The fund’s 2025 grants went to colleges and universities. The grantees describe a range of educational missions: Springfield College says it educates students for leadership in service to others; Framingham State University says its funds benefit the university and its students; and an individual recipient Community College says it works to provide accessible, affordable education. Nichols College describes its focus as career-oriented business education, while Saint Anselm College describes its offering as a liberal arts education with professional and career preparation.
Grantmaking
In 2025, the fund reported 48 grants totaling $170,235. Grant amounts ranged from $500 to $43,500, with a median of $1,875. Its largest listed awards were $43,500 to the University of Mass (Amherst), $13,250 to Worcester State University, $11,500 to the University of Mass Lowell, $10,500 to Fitchburg University, and $9,500 to Bridgewater State University; each was for scholarships.
Other 2025 recipients included the University of Maine ($4,000), Springfield College ($4,000), the University of North Carolina ($4,000), Framingham State University ($3,250), an individual recipient Community College ($3,235), and Nichols College ($3,000). The fund’s filing states that it does not restrict giving to preselected organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carlton E Nichols, Catherine T Nichols, and Donna J Belle-Isle as trustees.
Albert H & Reuben S Stone Fund's 2025 filing lists 3 officers; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Carlton E Nichols
Trustee
On filings since 2020
3 hrs/week
$9K (2020) → $10K (2025)
Catherine T Nichols
Trustee
On filings since 2020
3 hrs/week
$9K (2020) → $10K (2025)
Donna J Belle-Isle
Trustee
On filings since 2020
3 hrs/week
$9K (2020) → $10K (2025)
Former officers (1)
- Former: Donna J Bellelsie (2021–2022) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $10K, to Carlton E Nichols (Trustee). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Albert H & Reuben S Stone Fund
How much does Albert H & Reuben S Stone Fund give each year?
Albert H & Reuben S Stone Fund gave $170K across 48 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $156K across 33 grants.
What is Albert H & Reuben S Stone Fund's typical grant size?
Albert H & Reuben S Stone Fund's median grant in 2025 was $1,875, and its average grant was $3,547, across 48 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Albert H & Reuben S Stone Fund that year got $1K on average.
Where does Albert H & Reuben S Stone Fund give grants?
Albert H & Reuben S Stone Fund gives mostly in Massachusetts: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (5 grants) and Worcester, MA (3 grants).
Does Albert H & Reuben S Stone Fund give general operating support?
Not in 2025: none of the 48 grants with a stated purpose on Albert H & Reuben S Stone Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (46 grants).
Who are Albert H & Reuben S Stone Fund's largest grantees?
Albert H & Reuben S Stone Fund's largest 2025 grantees include University of Mass ($43,500), University of Mass Lowell ($11,500) and Fitchburg University ($10,500), according to its 2025 IRS Form 990-PF. It also paid 9 individual scholarships ($25,485), which are not listed by name. Together they received 38% of its itemized 2025 grant dollars.
How large is Albert H & Reuben S Stone Fund?
Albert H & Reuben S Stone Fund reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $187K in qualifying distributions that year, against a required minimum of $186K (roughly 5% of its investment assets).
What does Albert H & Reuben S Stone Fund fund?
The fund’s 2025 filing describes awards as restricted to post-secondary education for Gardner residents. It reports that 111 scholarships were granted to students attending 47 different colleges during 2025. See mission & focus areas ↑
How do I apply for a grant from Albert H & Reuben S Stone Fund?
Contact Carlton E Nichols Jr and submit a completed scholarship application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Albert H & Reuben S Stone Fund's EIN?
Albert H & Reuben S Stone Fund's EIN (Employer Identification Number) is 04-6050419. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 30, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 2, 2026)
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Cite this profile
Grantable. (2026). Albert H & Reuben S Stone Fund funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/albert-h-and-reuben-s-stone-fund-morg_cda1fbc589c146f2a125628605d7bd7e
BibTeX
@misc{grantable_046050419_2026,
author = {{Grantable}},
title = {{Albert H \& Reuben S Stone Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/albert-h-and-reuben-s-stone-fund-morg_cda1fbc589c146f2a125628605d7bd7e},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Albert H & Reuben S Stone Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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