Stoneham Business & Community Educational Foundation
About
The Stoneham Business & Community Educational Foundation is a nonprofit formed to build a partnership among Stoneham’s citizens, its educational community and the local business sector. Its goal is to promote the personal and educational growth of the town’s youth by funding innovative projects in areas such as enrichment, staff and curriculum development, and community outreach, with grants going to a variety of individuals and educational organizations.
The foundation describes local educational foundations as a proven way to encourage innovation by providing resources that would otherwise be unavailable, and it presents the effort as a collective one, a symbol of what the town’s village can accomplish when caring people work together. A major donor, the Cummings Foundation, has granted it a three-year award to help fulfill that mission.
What to Know
- It is organized as a 501(c)(3) nonprofit.
- The board of directors approves every grant, and only projects not typically covered by regular budgets are considered.
- Grants are distributed annually, and all awards are published.
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