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← FIFTIETH ANNIVERSARY SCHOLARSHIP FUND

Form 990 for tax year 2023

Filed by FIFTIETH ANNIVERSARY SCHOLARSHIP FUND.

Totals

Total revenue
$1,508,240
Total expenses
$410,564
Contributions and grants received
$125,000
Grants paid
$375,200
Program service revenue
$0
Investment income
$1,383,240
Other revenue
$0
Total assets, end of year
$10,479,475
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,479,475
Program services expenses (Part IX)
$375,200
Management and general expenses
$35,364
Fundraising expenses
$0
Program service expenses (Part III)
$375,200

Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $125,000

  • 3 · Investment income

    total $114,873 · excluded $114,873

  • 7a · Gross sales of assets other than inventory

    securities $2,319,328

  • 7b · Less cost or other basis and sales expenses

    securities $1,050,961

  • 7c · Gain or loss

    securities $1,268,367

  • 7d · Net gain or loss

    total $1,268,367 · excluded $1,268,367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $375,200 · program services $375,200

  • 11f · Fees: investment management

    total $35,364 · management and general $35,364

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $8,371,700 · end of year $10,479,475

  • 28 · Net assets with donor restrictions

    beginning of year $8,371,700 · end of year $10,479,475

Mission and programs · 2023

Mission

THE FIFTIETH ANNIVERSARY SCHOLARSHIP FUND WAS ESTABLISHED TO PROVIDE NEED-BASED GRANTS TO STUDENTS AT JOHN BURROUGHS SCHOOL, AN EXEMPT ORGANIZATION UNDER IRC 501(C)(3).

Activities or mission (Part I)

TO PROVIDE NEED-BASED GRANTS TO STUDENTS AT JOHN BURROUGHS SCHOOL.

  • THE FIFTIETH ANNIVERSARY SCHOLARSHIP FUND WAS ESTABLISHED TO PROVIDE NEED-BASED GRANTS TO STUDENTS AT JOHN BURROUGHS SCHOOL. THE TRUSTEES OF THE FIFTIETH ANNIVERSARY SCHOLARSHIP FUND REVIEW THE APPLICATIONS FOR TUITION ASSISTANCE AND GRANT AWARDS BASED SOLELY ON THE BASIS OF FINANCIAL NEED. THIS YEAR, ELEVEN STUDENTS RECEIVED $375,200 IN TUITION AID FOR JOHN BURROUGHS SCHOOL.

    Expenses $375,200 · Grants $375,200

As filed on the 2023 return.

Listed in Part VII

  • Andrew Abbott

    OFFICER TRUSTEE

    Total calculated
    $759,477
    From this org
    $0
    From related orgs
    $637,192
    Other
    $122,285
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $602,492 related
    Bonus
    $0
    Other
    $0 + $34,700 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $95,885 related
    Filer's total
    $0 + $759,477 related

  • Kerrigan Kaplan

    OFFICER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Anne McDonnell

    OFFICER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John F McDonnell

    OFFICER TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sabrine Rhodes

    OFFICER TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • JOHN BURROUGHS SCHOOL

    $375,200

    TUITION ASSISTANCE AND REDUCTION FOR QUALIFIED APPLICANTS AT JOHN BURROUGHS SCHOOL

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 January 2025
IRS schema version
2023v6.0
Source object
202510279349301041

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