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The George I. Alden Trust

Profile

Last Updated: 2016-06-06

At A Glance

The George I. Alden Trust

370 Main St., 11th Fl.

Worcester, MA United States 01608-1779

Telephone: (508) 459-8005

URL: www.aldentrust.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $192,168,251

Total giving: $9,500,000

EIN

046023784

BRIDGE Number

8484353773

Background

Trust established in 1912 in MA - Founded by the late George I. Alden, who was educated at Harvard's Lawrence School of Science and taught mechanical engineering for 28 years at Worcester Polytechnic Institute. In 1885 he joined with several other business men in establishing the Norton Emery Wheel Company. As second president and later chairman of the board, Mr. Alden initiated one of the first programs for helping employees to acquire further education

Purpose and Activities

The trust is currently focusing on grants to private colleges and universities in PA, NY, NJ and the six New England states with fulltime undergraduate enrollments of 1000 -3000 students. In addition the trust supports YMCAs in Massachusetts and educationally related organizations in the Worcester, MA area.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Undergraduate education
  • University education
  • Vocational education
Population Groups
  • Academics
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $192,168,251 (market value)

Expenditures: $11,280,054

Total giving: $9,500,000

Qualifying distributions: $9,799,880

Giving activities include:

$9,500,000 for grants