Independent University Alumni | Foundation Profile
GrantBay analyzes IRS Form 990-PF data to help grant seekers find fit funders like Independent University Alumni. Data shown is extracted from Form 990-PF filings.
EIN: 04-2052723
Foundation Overview
Based in Lowell, MA, Independent University Alumni has awarded 19 grants totaling $10,099,595 to organizations in Massachusetts. Individual grants range from $5,000 to $2,895,115, with a median award of $150,000.
Latest Form 990-PF Snapshot
Foundation Intelligence
Advanced analytics and strategic insights to help nonprofit organizations assess grant opportunities and optimize their application strategies
New Applicant Friendliness
4 of 12 recipients (33%) were new grantees. Foundation maintains loyal partnerships while remaining open to qualified new applicants with strong proposals.
Geographic Focus
100% of all grants are concentrated in Massachusetts, demonstrating highly focused geographic giving. This foundation prioritizes deep community impact in its primary service area. Within Massachusetts, funding concentrates in Lowell (63%), Newton (37%).
Funding Trajectory
Moderate 23% growth trend over 2 years suggests stable and gradually increasing funding capacity. This positive trajectory indicates reliable grant-making resources and sustainable philanthropic commitment.
Program Areas
Dual focus on education (86%) and general purposes, indicating strategic concentration in complementary program areas.
Where is The Money Going?
Grants & Funding
Analyzing past grantees provides valuable insights into Independent University Alumni's funding preferences, organizational priorities, and grant making patterns. This historical data helps potential applicants understand the foundation's strategic focus and identify successful funding approaches.
| Name | Amount | Location | Purpose | Year |
|---|---|---|---|---|
| University Of Massachusetts Foundation Inc | $150,000 | Newton, MA, US | Provide Annual Scholarships To University Students | 2022 |
| University Of Massachusetts Lowell | $41,000 | Lowell, MA, US | Grants For Umass Lowell Programs, Organizations, And Departments | 2022 |
| Various Individuals | $5,000 | Lowell, MA, US | Provide Annual Scholarships To University Students;accrued In Prior Year,paid In Current Year | 2022 |
| University Of Massachusetts Foundation Inc | $150,000 | Newton, MA, US | Provide Annual Scholarships To University Students | 2022 |
| University Of Massachusetts Lowell | $41,000 | Lowell, MA, US | Grants For Umass Lowell Programs, Organizations, And Departments | 2022 |
| Various Individuals | $5,000 | Lowell, MA, US | Provide Annual Scholarships To University Students;accrued In Prior Year,paid In Current Year | 2022 |
| University Of Massachusetts Foundation Inc | $150,000 | Newton, MA, US | Provide Annual Scholarships To University Students | 2022 |
| University Of Massachusetts Lowell | $41,000 | Lowell, MA, US | Grants For Umass Lowell Programs, Organizations, And Departments | 2022 |
| Various Individuals | $5,000 | Lowell, MA, US | Provide Annual Scholarships To University Students;accrued In Prior Year,paid In Current Year | 2022 |
| University Of Massachusetts Foundation Inc | $150,000 | Newton, MA, US | Provide Annual Scholarships To University Students | 2022 |
| University Of Massachusetts Lowell | $41,000 | Lowell, MA, US | Grants For Umass Lowell Programs, Organizations, And Departments | 2022 |
| Various Individuals | $5,000 | Lowell, MA, US | Provide Annual Scholarships To University Students;accrued In Prior Year,paid In Current Year | 2022 |
| University Of Massachusetts Foundation Inc | $2,895,115 | Newton, MA, US | Provide Annual Scholarships To University Students | 2021 |
| Various Individuals | $156,750 | Lowell, MA, US | Scholarships For University Students | 2021 |
| University Of Massachusetts Foundation Inc | $2,895,115 | Newton, MA, US | Provide Annual Scholarships To University Students | 2021 |
| Various Individuals | $156,750 | Lowell, MA, US | Scholarships For University Students | 2021 |
| University Of Massachusetts Foundation Inc | $2,895,115 | Newton, MA, US | Provide Annual Scholarships To University Students | 2021 |
| Various Individuals | $156,750 | Lowell, MA, US | Scholarships For University Students | 2021 |
| See Attached Statement | $160,000 | Lowell, MA, US | Scholarships And Grants | 2020 |
Foundations Similar to Independent University Alumni
Discover 5 foundations with comparable assets ($8,543,099-$9,830,820), similar grant patterns, and geographic focus in MA that may also align with your organization's funding needs and grant seeking strategy.
| Foundation Name | Total Assets | Typical Grant Size | Service Area | Similarity Match |
|---|---|---|---|---|
|
Seed Fund Ua 121991
EIN: 36-6980564 | 62 grants awarded |
$9,219,694
(≈ Similar) |
$75,000
median grant |
Springfield, MA
Same state |
|
|
Origin Spring Foundation
EIN: 85-2925970 | 10 grants awarded |
$9,402,792
(≈ Similar) |
$150,000
median grant |
Belmont, MA
Same state |
|
|
William And Bernice Bumpus Fdn
EIN: 04-3410822 | 47 grants awarded |
$8,731,618
(≈ Similar) |
$100,000
median grant |
Boston, MA
Same state |
|
|
The Louise Sven And Anna Betty
EIN: 45-6246765 | 21 grants awarded |
$8,543,099
(≈ Similar) |
$93,750
median grant |
Boston, MA
Same state |
|
|
Caleb Development Corporation
EIN: 04-3365903 | 10 grants awarded |
$9,830,820
(≈ Similar) |
$172,006
median grant |
Lynn, MA
Same state |
|
Related Foundation Resources in MA:
Contact Information
Official contact details for Independent University Alumni as registered with the IRS. These details are essential for grant applications, correspondence, and due diligence processes.
| EIN | 04-2052723 |
| Website | N/A |
| Address | 1 UNIVERSITY AVE Lowell, MA 01854-2827 |
Key People (14)
Board members, trustees, and key staff who oversee Independent University Alumni's grant making decisions and strategic direction. Understanding leadership composition can provide insights into foundation priorities and potential networking opportunities.
| Executive Director | Margaret Shanahan |
|---|---|
| President | Kevin Shanahan |
| Vice President | Michael Alpert |
| Treasurer | Patricia Rivard Gardner |
| Secretary | Davis Lee |
Forms 990-PF
IRS Form 990-PF filings provide comprehensive financial information, grant details, and operational data. These documents are essential resources for understanding foundation capacity, giving patterns, and strategic priorities.
Form 990-PF Research Tips
- Review Part XV for detailed grant recipient information and funding purposes
- Check Part I for total assets, annual giving amounts, and payout requirements
- Examine Part VIII for key personnel compensation and board structure
- Look for trends across multiple years to understand giving patterns
About This Foundation Profile
This comprehensive foundation profile for Independent University Alumni is powered by Grant Bay's advanced foundation research platform. Our system analyzes IRS Form 990-PF filings, grant histories, and philanthropic patterns to provide nonprofit organizations with actionable intelligence for grant seeking success.
Data Sources & Accuracy
All information is derived from official IRS filings and public records. Grant Bay processes thousands of Form 990-PF documents to extract grant details, financial data, and organizational information. Data accuracy depends on foundation reporting quality and IRS filing completeness.
Research Applications
Use this profile for prospect research, grant strategy development, application preparation, and relationship building. Combine this data with additional research on foundation priorities, application processes, and board member backgrounds for comprehensive grant seeking strategies.