Massachusetts Inst of Tech Trust

PAOLI, PA EIN: 23-6297385

Massachusetts Inst of Tech Trust is a private foundation, based in PAOLI, PA. IRS filing data is available for 2020. In 2020, it awarded 3 grants totaling $977K. Net investment income was $28K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$977K

Grant Count

Avg Grant Size

$326K

Under IRS private-foundation payout rules, Massachusetts Inst of Tech Trust reported a distributable amount of $53K for 2020 — the minimum it must pay out in qualifying distributions.

About Massachusetts Inst of Tech Trust

Based on IRS filings

Massachusetts Inst of Tech Trust is a private foundation, based in PAOLI, PA. IRS filing data is available for 2020. In 2020, it awarded 3 grants totaling $977K. Net investment income was $28K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $977K (100%)

States

Massachusetts

Cities

Cambridge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	—
Revenue	$35,188
Expenses	$1,000,244
Qualifying Distributions	—
Net Investment Income	$27,658
Distributable Amount	$52,887

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2020

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Massachusetts Institute of Technology ($774,117), Massachusetts Institute of Technology ($182,707), Massachusetts Institute of Technology ($20,406).

Recipient	Purpose	Amount
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	FBO RECIPIENT	$20,406
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	FBO RECIPIENT (STATEMENT A: VARIOUS SECURITIES: DISTRIBUTION OF ASSETS IN COMPLETE TERMINATION)	$774,117
MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA	FBO RECIPIENT (STATEMENT A: DISTRIBUTION OF CASH IN COMPLETE TERMINATION)	$182,707

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
LUCY B NEWLIN SELLERS	TRUSTEE	—	—
WILLIAM VERPLANK NEWLIN	TRUSTEE	—	—

Frequently Asked Questions

Where does Massachusetts Inst of Tech Trust operate?

Massachusetts Inst of Tech Trust has awarded grants in Massachusetts.

What size grants does Massachusetts Inst of Tech Trust award?

In 2020, Massachusetts Inst of Tech Trust awarded 3 grants totaling $977K — an average of about $326K per grant, based on its IRS Form 990 filings.

How much is Massachusetts Inst of Tech Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Massachusetts Inst of Tech Trust reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.