2024-11-14T08:10:38-06:00 2023-12-31 043442418 JESSON OSLIN & ASSOC 2 GRANITE AVENUE SUITE 450 MILTON MA 02186 990 2023-01-01 452917981 PROMYS FOUNDATION PROM 6173532563 PO BOX 15502 BOSTON MA 02215 GLENN STEVENS TREASURER 6173532563 2024-11-13 1 0 JAMES L OSLIN CPA P00447677 6176983950 2024-11-13 X 2023 2024-10-15 13:58:12Z GLENN STEVENS PO BOX 15502 BOSTON MA 02215 1005997 0 X PROMYSFOUNDATION.ORG X 2011 MA PROMYS FOUNDATION EXISTS TO SUPPORT PROMYS (PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS). ALL ACTIVITIES OF THE PROMYS FOUNDATION ARE DESIGNED TO SERVE A SINGLE PURPOSE: TO SUPPORT THE NON-PROFIT PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS (PROMYS) WHOSE MISSION IS FINDING AND NURTURING TALENT IN MATHEMATICS. THE PROMYS PROGRAM IS A PROGRAM OF BOSTON UNIVERSITY, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 170(B)(I)(A)(II). THE ACTIVITIES OF THE PROMYS FOUNDATION WILL CENTER ON FUNDRAISING WITH THE PRIMARY GOAL BEING TO PROVIDE FUNDS TO PROMYS TO FUND STUDENT SCHOLARSHIPS. 11 11 0 24 0 0 862506 950135 801 0 3821 27662 0 0 867128 977797 383660 486226 0 0 0 0 0 0 0 21315 7349 404975 493575 462153 484222 1454256 1946644 0 0 1454256 1946644 X ALL ACTIVITIES OF THE PROMYS FOUNDATION ARE DESIGNED TO SERVE A SINGLE PURPOSE: TO SUPPORT THE NON-PROFIT PROGRAM IN MATHEMATICS FOR YOUNG SCIENTISTS (PROMYS) WHOSE MISSION IS FINDING AND NURTURING TALENT IN MATHEMATICS. THE PROMYS PROGRAM IS A PROGRAM OF BOSTON UNIVERSITY, AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 170(B)(I)(A)(II). THE ACTIVITIES OF THE PROMYS FOUNDATION WILL CENTER ON FUNDRAISING WITH THE PRIMARY GOAL BEING TO PROVIDE FUNDS TO PROMYS TO FUND STUDENT SCHOLARSHIPS. 1 0 486226 486226 THE PROMYS FOUNDATION WAS DELIGHTED TO FUND $486,226 IN MISSION-RELATED ACTIVITIES IN 2023 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 20 STUDENTS AT PROMYS 2023. TWELVE FULL SCHOLARSHIPS WERE AWARDED INCLUDING THE BREAKOUT FELLOWSHIP, JANE STREET FELLOWSHIPS, AND TWO SEPARATELY FUNDED MEHTA FELLOWSHIPS FOR STUDENTS FROM BRAZIL AND EGYPT. 50% OF ALL FINANCIAL AID RECIPIENTS IN 2023 HAD FAMILY INCOMES UNDER $50,000 A YEAR. EIGHTY HIGH SCHOOL STUDENTS, 21 UNDERGRADUATE COUNSELORS, AND 3 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2023 ON THE CAMPUS OF BOSTON UNIVERSITY.PROMYS INDIA - PROMYS WAS EXCITED TO LAUNCH PROMYS INDIA IN 2023 WITH ALL STUDENTS RECEIVING FULL SCHOLARSHIPS COVERING ALL COSTS OF PARTICIPATION INCLUDING TUITION, ROOM & BOARD, AND TRAVEL. THE NEW PROGRAM RAN FOR SIX WEEKS IN PARTNERSHIP WITH, AND ON THE CAMPUS OF, THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. A VERY LARGE NUMBER OF STRONG APPLICATIONS WERE RECEIVED FROM ACROSS INDIA. THIRTY-ONE VERY TALENTED HIGH SCHOOL STUDENTS AND EIGHT COUNSELORS PARTICIPATED. PROMYS INDIA IS FREE FOR ALL STUDENTS THANKS TO GENEROUS SUPPORT FROM OUR PARTNERS AND DONORS. THE FOUNDING SPONSORS OF PROMYS INDIA ARE NICK NASH & PHALGUN RAJU, AVI AND SANDRA NASH, AND THE INDIRA FOUNDATION. WE ARE ALSO VERY GRATEFUL FOR THE GENEROSITY OF THE PACKARD FOUNDATION, JANE STREET, SQUAREPOINT FOUNDATION, AND THE SPIRIT OF RAMANUJAN. JANE STREET - THE PROMYS FOUNDATION IS VERY GRATEFUL TO JANE STREET FOR ITS GENEROUS SUPPORT FOR PROMYS 2023 INCLUDING TWO JANE STREET FELLOWSHIPS FOR STUDENTS, TWO JANE STREET FELLOWSHIPS FOR COUNSELORS, AND SUPPORT FOR PROMYS PATHWAYS (FORMERLY KNOWN AS PROMYS MATH CIRCLE) DESIGNED FOR HIGHLY MOTIVATED STUDENTS OF MATHEMATICS IN THE BOSTON AREA WHO ARE FROM LOW-INCOME BACKGROUNDS OR FROM OTHER GROUPS UNDERREPRESENTED IN STEM. JANE STREET ALSO GAVE GENEROUS SUPPORT TO PROMYS INDIA AND PROMYS EUROPE.PROMYS INDIA SUMMER PROGRAM - PROMYS FOUNDATION IS EXCITED AND GRATEFUL TO HAVE BEEN AWARDED A $225,000 GRANT FOR GENERAL SUPPORT FROM THE DAVID AND LUCILE PACKARD FOUNDATION FOR PROMYS INDIA 2023-2025. THE INAUGURAL SUMMER OF PROMYS INDIA RAN FROM MAY 7 TO JUNE 17, 2023 AT THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. THANKS TO THE GENEROSITY OF OUR PARTNERS AND SPONSORS, PROMYS INDIA 2023 WAS FREE FOR ALL STUDENTS. PROMYS PATHWAY - PROMYS PATHWAYS PROVIDES DEEP MATHEMATICAL EXPERIENCES TO STUDENTS WHO ARE FROM BACKGROUNDS TRADITIONALLY UNDERREPRESENTED IN STEM AND TO THOSE WHO MIGHT NOT OTHERWISE HAVE ACCESS TO EXTRACURRICULAR MATHEMATICS OPPORTUNITIES. THESE OPPORTUNITIES INCLUDE THE PATHWAYS SUMMER PROGRAM, WEEKLY MATH CIRCLES, AND SPECIAL COLLABORATIVE EVENTS. PROMYS PATHWAYS WAS PREVIOUSLY KNOWN AS PROMYS MATH CIRCLE OR PMC. 2023 WAS THE 2ND SUMMER OF THE PROMYS PATHWAYS SUMMER PROGRAM ON THE CAMPUS OF BOSTON UNIVERSITY. THE 4-WEEK PROGRAM WAS FREE TO PARTICIPANTS, INCLUDING PUBLIC TRANSPORTATION COSTS AND LUNCHES. THE THIRTEEN PARTICIPANTS WERE RECRUITED FROM PATHWAYS MATH CIRCLES OR WERE LOCAL FINANCIAL AID APPLICANTS TO PROMYS. BUT WEREN'T QUITE READY TO ATTEND THE FLAGSHIP PROGRAM. 486226 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 MA NY CA IL NJ CT X GLENN STEVENS TREASURER 6173532563 PO BOX 15502 BOSTON MA 02215 X JOSHUA GREENE TRUSTEE 1.00 X 0 0 0 GLENN STEVENS TREASURER 1.00 X X 0 0 0 WAN-YIN WU PRESIDENT 1.00 X X 0 0 0 MARJORY BARUCH VICE PRESIDENT 1.00 X X 0 0 0 HENRY COHN SECRETARY 1.00 X X 0 0 0 PAUL SHERMAN TRUSTEE - RESIGNED APRIL 2023 1.00 X 0 0 0 MICHAEL KING TRUSTEE 1.00 X 0 0 0 ILA VARMA TRUSTEE 1.00 X 0 0 0 CAMERON FREER TRUSTEE 1.00 X 0 0 0 CALEB SHOR TRUSTEE 1.00 X 0 0 0 LI-MEI LIM TRUSTEE 1.00 X 0 0 0 AMANDA TUCKER TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 0 950135 950135 25737 25737 30125 28200 1925 1925 1925 977797 25737 0 1925 486226 486226 6075 6075 GENERAL 1274 1274 493575 486226 7349 0 515081 471873 769927 1299932 169248 174839 1454256 1946644 0 0 0 0 X 1026196 1727216 428060 219428 1454256 1946644 1454256 1946644 484222 8166 0 X X 0 1 X 1 0 X 251524 288311 252044 632506 950141 2374526 10069 180 1030 374 11653 261593 288491 253074 632880 950141 2386179 48955 12000 24030 23634 27405 136024 0 48955 12000 24030 23634 27405 136024 2250155 9451 5806 31538 3821 27656 78272 9451 5806 31538 3821 27656 78272 271044 294297 284612 636701 977797 2464451 0.91300 0.83310 0.03180 0.03120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 169248 14091 -8500 174839 203102 -33854 169248 184694 24908 -6500 203102 156826 27869 184694 158629 34697 -36500 156826 0 0 0 VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND 174839 F 174839 X 985963 8166 8166 977797 0 977797 493575 0 493575 0 493575 PART V, LINE 4: THE BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND WILL BE USED TO PROVIDE FULL SCHOLARSHIP TO PROMYS FOR A MATHEMATICALLY TALENTED STUDENT WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE 501(C)(3), EXCEPT TO THE EXTENT THAT IT HAS TAXABLE INCOME FROM BUSINESSES THAT ARE NOT RELATED TO ITS EXEMPT PURPOSE. UNRELATED BUSINESS INCOME THAT GREATER THAN $1,000 WOULD BE TAXED AT THE APPLICABLE CORPORATE TAX RATE. THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2023, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND TAXING AUTHORITIES NO LONGER HAVE THE RIGHT TO EXAMINE TAX YEARS PRIOR TO 2020. FOR THE YEAR ENDED DECEMBER 31, 2023, THERE WERE NO INTEREST OR PENALTIES ASSOCIATED WITH TAX POSITIONS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. 1 BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 214223 0 MEHTA FELLOWSHIPS AND PROMYS INDIA SUPPORT BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 75000 0 $75,000 GRANT TO PROMYS FOR TEACHERS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 45983 0 GRANT FOR FUNDING THE PROMYS EUROPE BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 24233 0 SUPPORT FOR PROMYS STUDENT PROGRAM BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 30000 0 JANE STREET FELLOWSHIPS TO PROMYS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 8500 0 BREAKOUT FELLOWSHIP TO PROMYS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 6000 0 AMS FINANCIAL AID SUPPORT TO PROMYS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 51000 0 PROMYS PATHWAYS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 31287 0 PROMYS SUPPORT FOR STRATEGIC PLANNING PART I, LINE 2: THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES FORM 990, PART III, LINE 2 PROMYS INDIA - PROMYS WAS EXCITED TO LAUNCH PROMYS INDIA IN 2023 WITH ALL STUDENTS RECEIVING FULL SCHOLARSHIPS COVERING ALL COSTS OF PARTICIPATION INCLUDING TUITION, ROOM & BOARD, AND TRAVEL. THE NEW PROGRAM RAN FOR SIX WEEKS IN PARTNERSHIP WITH, AND ON THE CAMPUS OF, THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. A VERY LARGE NUMBER OF STRONG APPLICATIONS WERE RECEIVED FROM ACROSS INDIA. THIRTY-ONE VERY TALENTED HIGH SCHOOL STUDENTS AND EIGHT COUNSELORS PARTICIPATED. PROMYS INDIA IS FREE FOR ALL STUDENTS THANKS TO GENEROUS SUPPORT FROM OUR PARTNERS AND DONORS. THE FOUNDING SPONSORS OF PROMYS INDIA ARE NICK NASH & PHALGUN RAJU, AVI AND SANDRA NASH, AND THE INDIRA FOUNDATION. WE ARE ALSO VERY GRATEFUL FOR THE GENEROSITY OF THE PACKARD FOUNDATION, JANE STREET, SQUAREPOINT FOUNDATION, AND THE SPIRIT OF RAMANUJAN. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S OFFICERS REVIEW AND APPROVE THE FORM 990 BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, EACH TRUSTEE IS EXPECTED TO REPORT CONFLICT OF INTERESTS TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FORM 1023, FORM 990 AND ITS ORGANIZATIONAL DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND VIA THE MASSACHUSETTS PUBLIC CHARITY WEBSITE. FORM 990 PAGE 9 PART VIII LINE 1F CONTRIBUTIONS AND GRANTS GRANTS FROM THE POLYNERA FUND, CARINA INITIATIVES, THE INTERNATIONAL MATHEMATICAL UNION AND OTHERS PROVIDED DEEPLY APPRECIATED MISSION SUPPORT DURING 2023. THE PROMYS FOUNDATION IS GRATEFUL TO ALL ITS SPONSORS AND DONORS WHO MAKE IT POSSIBLE FOR PROMYS PARTICIPANTS TO ATTEND REGARDLESS OF FINANCIAL BACKGROUND. SCHEDULE O ADDITIONAL INFORMATION 1. TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS - THE TARA AND JASUBHAI MEHTA FELLOWSHIPS TO PROMYS ARE FOR MATHEMATICALLY TALENTED LOW-INCOME STUDENTS IN INDIA AND OTHER LOW-GDP COUNTRIES AND ARE FUNDED BY NICHOLAS NASH & PHALGUN RAJU, AVI & SANDRA NASH, AND THE INDIRA FOUNDATION, THE MEHTA FELLOWSHIP SPONSORS. EACH MEHTA FELLOWSHIP COVERS ALL COSTS FOR PARTICIPATION IN PROMYS OR PROMYS INDIA. THE MEHTA FELLOWSHIPS WERE ESTABLISHED IN 2015 AND WERE THE PILOT PROGRAM FOR PROMYS INDIA WHICH LAUNCHED AT IISC IN BANGALORE IN 2023. PROMYS WAS DELIGHTED TO WELCOME NEW MEHTA FELLOWS WHO ATTENDED PROMYS INDIA 2023 PLUS TWO NEW MEHTA FELLOWS FROM BRAZIL AND EGYPT WHO ATTENDED PROMYS 2023 AT BOSTON UNIVERSITY. THE VIBRANT MEHTA FELLOWSHIP ALUMNI COMMUNITY CONTINUES TO GROW. 2. BREAKOUT FELLOWSHIP - THE 2023 BREAKOUT FELLOWSHIP TO PROMYS, THE 9TH YEAR OF THE FELLOWSHIP, WAS AWARDED TO SHENGYU ZHANG FROM NEW YORK. TERENCE TAO, RICHARD TAYLOR, AND JACOB LURIE, RECIPIENTS OF THE INAUGURAL BREAKTHROUGH PRIZES IN MATHEMATICS, VERY GENEROUSLY CREATED AND FUNDED THE BREAKOUT FELLOWSHIP TO PROMYS. THE BREAKOUT FELLOWSHIP IS A FULL SCHOLARSHIP TO PROMYS FOR A MATHEMATICALLY TALENTED STUDENT WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND. THANKS TO THE GENEROSITY AND VISION OF THE ALUM COMMUNITY, THE BREAKOUT FELLOWSHIP ENDOWMENT ASSURES THE FUTURE OF THE BREAKOUT FELLOWSHIPS: THERE WILL BE A BREAKOUT FELLOW IN EVERY PROMYS COHORT. 3. PROMYS FOR TEACHERS - PROMYS FOR TEACHERS (PFT) 2023 RAN IN PERSON ON THE CAMPUS OF BOSTON UNIVERSITY. ACADEMIC YEAR SEMINARS WORKSHOPS WERE OFFERED TO HELP TEACHERS UNPACK THE PEDAGOGICAL APPROACHES USED AT PROMYS TO ENRICH THE MATHEMATICAL EXPERIENCE IN THEIR OWN CLASSROOMS. ANOTHER IMPORTANT GOAL OF THE WORKSHOPS IS TO ESTABLISH AN ONGOING PROFESSIONAL NETWORK OF TEACHERS, MATHEMATICS EDUCATORS, AND RESEARCH MATHEMATICIANS. FIFTEEN TEACHERS TOOK PART IN PROMYS FOR TEACHERS IN 2023, INCLUDING 5 RETURNING PFT ALUMNI. ALTHOUGH MOST OF THE PARTICIPANTS WERE LOCAL FROM MASSACHUSETTS, TEACHERS TRAVELED FROM CALIFORNIA, INDIA, NEW YORK, SENEGAL, AND TEXAS TO ATTEND. PFT IS EXCEPTIONAL IN IMMERSING SECONDARY TEACHERS IN RIGOROUS EXPLORATORY MATHEMATICS AND FOR BEING OFFERED FREE TO TEACHERS.