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Nonprofit · EIN 04-6065605

WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST

Tax-exempt · BOSTON, MA 02109

Financials

$1.9M$2.5M2023$16.5M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$16,468,761$2,755,465$13,713,296$47,553,512$32,864$47,520,648
December 31, 2023990-PF$1,908,228$2,516,734-$608,506$44,500,085$181,036$44,319,049
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$1,361,910
Interest
$24,397
Net gain from sales of assets
$15,082,454

Expenses

Grants and similar amounts paid
$2,156,000
Compensation of officers, directors and key employees
$110,390
Disbursements for charitable purposes
$2,200,289
Excise tax on investment income
$225,581

Balance sheet and other

Total assets, start of year
$44,500,085
Total assets, end of year
$47,553,512
Total liabilities, end of year
$32,864
Net assets, end of year
$47,520,648
Fair market value of assets
$47,553,512
Qualifying distributions
$2,200,289
Net investment income
$16,468,761

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Karen Faulkner
2 Liberty Square 5th Floor, Boston, MA 02109
Executive Director40$49,140
Kristen J McCormack
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee20$20,000
Joseph Corrado
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee6$15,000
Lily E Mendez
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee5$15,000
Lavinia B Chase
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee4$11,250
990-PF for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Karen Faulkner
2 Liberty Square 5th Floor, Boston, MA 02109
Executive Director30$45,000
Lily E Mendez
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee3$17,500
Lavinia B Chase
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee4$15,000
Kristen J McCormack
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee4$15,000
Joseph Corrado
2 Liberty Square 5th Floor, Boston, MA 02109
Trustee6$15,000

Address and contacts

Address (IRS master file)
2 LIBERTY SQUARE FLOOR 5, BOSTON, MA 02109-4884
Signed the 990-PF
Kristen McCormack, Trustee
Phone
(617) 469-2271
Return prepared by
Daniel J Rubiano CPA and Company

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
04-6065605
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1947
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$47,553,512
Income (IRS master file)
$53,751,930

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$16,468,761$2,755,465$47,553,512IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$1,908,228$2,516,734$44,500,085XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6065605).

Questions about WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST

What is the EIN of WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST?
The employer identification number (EIN) of WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST is 04-6065605.
Is WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1947.
Are donations to WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST file?
Form 990-PF. Private foundations file every year.
When is the next return of WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST?
The 990-PF for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $49,140 (Karen Faulkner, Executive Director).
How much revenue does WILLIAM E SCHRAFFT & BERTHA E SCHRAFFT CHARITABLE TRUST have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $16,468,761, expenses of $2,755,465 and total assets of $47,553,512 at year end.

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