Artemas W Stearns Trust
The Artemas W Stearns Trust is a private foundation established in 1896 and located in Andover, Massachusetts. The trust operates as an independent foundation with a focused mission to support charitable causes in the Lawrence, Massachusetts area.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.2M
-2.0% YoY
Annual Giving
$249K
-2.7% YoY
Grant Count
38
-2.6% YoY
Avg Grant Size
$7K
-0.2% YoY
Under IRS private-foundation payout rules, Artemas W Stearns Trust reported a distributable amount of $223K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The trust's primary purpose is to support organizations that service and benefit the deserving poor and indigent aged people, including hospitals, community projects, and secondary schools in the Lawrence, Massachusetts area.
Funding interests include:
- Community health and medical services
- Health and wellness initiatives
- School health programs
- Renewable energy projects
- Food pantries and community gardens
- Environmental education
Grantmaking
The trust does not fund individuals, endowments, capital campaigns, or construction projects. Organizations must demonstrate direct benefit to indigent aged people and the deserving poor in Lawrence, Massachusetts.
Grant Range
varies by project
Average Grant
varies by project
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Geographic Focus
Where this funder awards grants
The trust exclusively funds projects and organizations serving the city of Lawrence, Massachusetts and the surrounding area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $4,186,120
- Total revenues: $275,264
- Total expenses: $367,988
- Investment income and dividends: $162,552
- Net gain from sale of non-inventory assets: $112,310
- Number of employees: 0
EIN: 04-2137061
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,186,120 | $4,271,416 | $4,604,836 |
| Revenue | $275,264 | $167,265 | $86,755 |
| Expenses | $367,988 | $356,973 | $344,994 |
| Qualifying Distributions | $290,082 | $290,302 | $270,246 |
| Net Investment Income | $196,956 | $100,592 | $227,667 |
| Distributable Amount | $223,391 | $207,964 | $219,929 |
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
185 grants across all recorded years
Open Grants
1 open opportunity from Artemas W Stearns Trust
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lazarus House ($20,000), Neighbors in Need ($20,000), Greater Lawrence Community Boating Program ($18,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BELLESINI OSA ACADEMY LAWRENCE, MA | EDUCATION | $7,500 |
| BEYOND SOCCER LAWRENCE, MA | CHARITY | $5,000 |
| BOYS & GIRLS CLUB OF LAWRENCE LAWRENCE, MA | CHARITY | $15,000 |
| BREAD & ROSES HERITAGE COMMITTEE LAWRENCE, MA | CHARITY | $2,500 |
| BREAD & ROSES HOUSING LAWRENCE, MA | CHARITY | $15,000 |
| BREAD & ROSES LAWRENCE, MA | CHARITY | $5,000 |
| BROOKS SCHOOL NORTH ANDOVER, MA | EDUCATION | $3,200 |
| CATIE'S CLOSET DRACUT, MA | CHARITY | $4,000 |
| CENTRAL CATHOLIC HIGH SCHOOL LAWRENCE, MA | EDUCATION | $5,000 |
| COMMUNITIES TOGETHER INC LAWRENCE, MA | CHARITY | $4,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Marsha E Rich, Esq. serves as the trust's contact and administrator.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARSHA E RICH ESQ | TRUSTEE | 10 | $6,000 |
| EILEEN M KHOURY | TRUSTEE | 10 | $6,000 |
| JOHN T POLLANO ESQ | TRUSTEE | 10 | $6,000 |
| REV CHRISTOPHER CASEY | TRUSTEE | 10 | $6,000 |
| MATTHEW A KRAUNELIS | TRUSTEE | 10 | $6,000 |
Contact Information
Address: 9 Bartlet Street, Suite 343, Andover, MA 01810-3655
Telephone: 978-687-0156
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Artemas W Stearns Trust fund?
The trust's primary purpose is to support organizations that service and benefit the deserving poor and indigent aged people, including hospitals, community projects, and secondary schools in the Lawrence, Massachusetts area. Funding interests include: • Community health and medical services • Health and wellness initiatives • School health programs • Renewable energy projects • Food pantries and community gardens • Environmental education
How do I apply for a grant from Artemas W Stearns Trust?
**Grant Activity:** • Made 37 grants in 2024 • Total annual giving: approximately $249,200–$256,000 • Average grant size: varies by project **Recent Grant Recipients (2024):** • Greater Lawrence Community Boating Program: $18,000 • Lawrence Boys and Girls Club: $15,000 • Groundwork Lawrence (GWL): $15,000 • Lazarus House (noted as recipient in prior year) **Funding Restrictions:** The trust does not fund individuals, endowments, capital campaigns, or construction projects. Organizations must de…
Where does Artemas W Stearns Trust make grants?
The trust exclusively funds projects and organizations serving the city of Lawrence, Massachusetts and the surrounding area.
What size grants does Artemas W Stearns Trust award?
In 2024, Artemas W Stearns Trust awarded 38 grants totaling $249K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Artemas W Stearns Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Artemas W Stearns Trust reported a distributable amount of $223K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Artemas W Stearns Trust's EIN?
Artemas W Stearns Trust's EIN (Employer Identification Number) is 04-2137061. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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