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Rowland Foundation, Inc.

Profile

Last Updated: 2016-07-29

At A Glance

Rowland Foundation, Inc.

150 Presidential Way, Ste. 510

Woburn, MA United States 01801-1121

Telephone: 7819375300

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-11-30)

Assets: $34,998,585

Total giving: $988,378

EIN

046046756

BRIDGE Number

0694187640

Additional Contact Information

Application address: c/o JPMorgan Chase Bank, N.A., 270 Park Ave., New York, NY 10017, tel.: (212) 464-1926

Background

Incorporated in 1960 in DE - The foundation's original name, Edwin H. Land-Helen M. Land, Inc., was changed in 1972. Edwin H. Land is the founder and former chairman of the Polaroid Corp. and the inventor of the Polaroid-Land camera and film. The foundation had received annual gifts of stock in the Polaroid Corp. It awards grants either as cash or as transfers of Polaroid Corp. stock, valued according to the market value at the date of transfer. In 1980, the foundation acquired land in Cambridge, MA, on which it constructed a facility for advanced scientific research. In 1981, the facility was transferred to the Rowland Institute for Science, Inc., a private operating foundation organized in 1980 and funded in 1981. Initial foundation support for the institute totaled nearly $13 million in 1981

Purpose and Activities

Giving primarily for higher education, human services, and children and youth services, including youth arts programs; funding also for other cultural institutions.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Foundations
  • Higher education
  • Human services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students
Organizations
  • Foundations

Financial Data

Year ended 2015-11-30

Assets: $34,998,585 (market value)

Expenditures: $1,174,401

Total giving: $988,378

Qualifying distributions: $1,024,770