Alice S Ayling Scholarship Foundation
The Alice S Ayling Scholarship Foundation is a private foundation based in Woburn, Massachusetts, established in 1987. The organization holds 501(c)(3) tax-exempt status and operates as a family foundation dedicated to supporting higher education through scholarship programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
-16.9% YoY
Annual Giving
$1.7M
+10.9% YoY
Grant Count
14
+0.0% YoY
Avg Grant Size
$120K
+10.9% YoY
Mission & Focus Areas
The foundation provides grants to colleges and universities for the purpose of offering scholarships to students engaged in full-time studies. The foundation places strong emphasis on scholarships in the humanities field.
Primary focus areas include:
- Arts and culture
- Humanities
- Education
- Higher education
Grantmaking
The foundation is an active grantmaker with recent annual giving of approximately $1.5 million. Recent grants have been awarded to institutions including:
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Geographic Focus
Where this funder awards grants
The foundation operates primarily in the Northeastern United States, with funding activity in:
- Massachusetts (including Boston, Cambridge, and Worcester)
- Maine
- New Hampshire
- Vermont
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $8,040,882
- Total Revenue: $2,075,812
- Total Expenses: $1,668,023
- Total Liabilities: $0
- Total Giving: $1,510,750
As of 2024:
- Total Assets: $6,680,791
- Total Revenue: $543,014
- Total Expenses: $1,906,500
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,680,791 | $8,040,882 | $7,633,093 |
| Revenue | $543,014 | $2,075,812 | $1,317,902 |
| Expenses | $1,906,500 | $1,668,023 | $1,462,908 |
| Qualifying Distributions | $1,790,750 | $1,585,810 | $1,367,330 |
| Net Investment Income | $469,484 | $1,630,557 | $514,574 |
| Distributable Amount | $1,050,788 | $1,351,492 | $1,739,037 |
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
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel overseeing the foundation include:
- Michael C. Andrews (Trustee)
- Richard P. Hamel (Trustee)
- Gerald B. O'Grady III (Trustee)
The foundation maintains a staff of 2 employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL C ANDREWS | TRUSTEE | 2 | $27,500 |
| RICHARD P HAMEL | TRUSTEE | 2 | $98,600 |
| GERALD B O'GRADY III | TRUSTEE | 2 | $98,600 |
Contact Information
Address: 8 Cedar St Ste 55 Woburn, MA 01801
Telephone: 617-695-9799
EIN: 22-2808952
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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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