2025-11-17T09:10:40-06:00 2024-12-31 043442418 JESSON OSLIN & ASSOC 2 GRANITE AVENUE SUITE 450 MILTON MA 02186 990 2024-01-01 452917981 PROMYS FOUNDATION PROM 6173532563 PO BOX 15502 BOSTON MA 02215 GLENN STEVENS TREASURER 6173532563 2025-11-13 1 1 JAMES L OSLIN CPA P00447677 6176983950 2025-11-13 X 2024 2025-03-06 01:10:19Z GLENN STEVENS PO BOX 15502 BOSTON MA 02215 540886 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 950135 475169 0 0 27662 65717 0 0 977797 540886 486226 905748 0 0 0 0 0 0 0 7349 43056 493575 948804 484222 -407918 1946645 1548919 0 10192 1946645 1538727 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. 0 0 938054 905748 THE PROMYS FOUNDATION WAS DELIGHTED TO FUND $905,748 IN MISSION-RELATED ACTIVITIES IN 2024 INCLUDING SUPPORTING NEED-BASED FINANCIAL AID FOR 24 STUDENTS AT PROMYS 2024. THIRTEEN FULL SCHOLARSHIPS WERE AWARDED INCLUDING THE BREAKOUT FELLOWSHIP AND JANE STREET FELLOWSHIPS. 38% OF ALL FINANCIAL AID RECIPIENTS IN 2024 HAD FAMILY INCOMES UNDER $41,000 A YEAR. EIGHTY-TWO HIGH SCHOOL STUDENTS, 23 UNDERGRADUATE COUNSELORS, AND 2 JUNIOR COUNSELORS PARTICIPATED IN PROMYS 2024 ON THE CAMPUS OF BOSTON UNIVERSITY. THANKS TO GENEROUS SUPPORT FROM THE POLYNERA FUND AND JANE STREET, PROMYS FOUNDATION HELPED FUND PROMYS PATHWAYS AND PROMYS FOR TEACHERS, BOTH RUN AT BOSTON UNIVERSITY.PROMYS WAS EXCITED TO RUN THE 2ND SUMMER OF PROMYS INDIA IN 2024 IN PARTNERSHIP WITH THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. TWENTY-EIGHT HIGH SCHOOL STUDENTS AND NINE COUNSELORS PARTICIPATED. PROMYS INDIA 2024 WAS 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, AND SQUAREPOINT FOUNDATION. 938054 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 RESIGNED 111025 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 2024 / PRESIDENT ELECT 11 10 25 1.00 X X 0 0 0 HENRY COHN SECRETARY 1.00 X 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 475169 475169 65717 65717 540886 65717 0 0 905748 905748 6870 6870 32306 32306 GENERAL 3325 3325 STATE FILING FEES 555 555 948804 938054 10750 0 471874 60310 1299932 1268031 21670 174839 198908 1946645 1548919 0 10192 0 10192 X 1946645 1538727 1946645 1538727 1946645 1548919 -407918 0 X X 0 1 X 1 0 X 288311 252044 632506 950141 475169 2598171 180 1030 374 1584 288491 253074 632880 950141 475169 2599755 12000 24030 23634 27405 8372 95441 0 12000 24030 23634 27405 8372 95441 2504314 5806 31538 3821 27656 65717 134538 5806 31538 3821 27656 65717 134538 294297 284612 636701 977797 540886 2734293 0.91590 0.91300 0.04920 0.03180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 174839 24069 198908 169248 14091 -8500 174839 203102 -33854 169248 184694 24908 -6500 203102 156826 27869 184694 0 0 0 VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND 198908 F 198908 X 540886 0 540886 0 540886 948804 0 948804 0 948804 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, 2024, 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 2022 FOR THE YEAR ENDED DECEMBER 31, 2024, 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 128805 0 MEHTA FELLOWSHIPS AND PROMYS INDIA SUPPORT BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 120000 0 $120,000 GRANT TO PROMYS FOR TEACHERS BOSTON UNIVERSITY (PROMYS DESIGNATION) 665 COMMONWEALTH AVE BOSTON MA 02215 042103547 501C3 380000 0 SUPPORT FOR PROMYS STUDENT PROGRAM PROMYS INC 665 COMMONWEALTH AVE ROOM 522 BOSTON MA 02215 994569473 501C3 276141 0 SUPPORT PROMYS INC'S MISSION PART I, LINE 2: THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES 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. BREAKOUT FELLOWSHIP - THE 2024 BREAKOUT FELLOWSHIP TO PROMYS, THE 10TH YEAR OF THE FELLOWSHIP, WAS AWARDED TO EMILY CHO-SAYEGH FROM NEW JERSEY. 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. 2. PROMYS FOR TEACHERS - PROMYS FOR TEACHERS (PFT) 2024 RAN 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. NINETEEN FIRST-YEAR TEACHERS AND 2 RETURNING TEACHERS TOOK PART IN PROMYS FOR TEACHERS IN 2024.. ALTHOUGH MOST OF THE PARTICIPANTS ARE LOCAL FROM MASSACHUSETTS, TEACHERS TRAVELED FROM CANADA, CHINA, CONNECTICUT, NEW JERSEY, AND NEW YORK TO ATTEND. PFT IS EXCEPTIONAL IN IMMERSING SECONDARY TEACHERS IN RIGOROUS EXPLORATORY MATHEMATICS AND FOR BEING OFFERED FREE TO TEACHERS. 3. YONGREN FELLOWSHIP - PROMYS WAS DELIGHTED TO WELCOME YIXIANG YOU TO BOSTON AS A 2024 YONGREN FELLOW FROM BEIJING, CHINA. IN ADDITION, THE 2022 YONGREN FELLOW, JIUSHAN XIE, NOW AN UNDERGRADUATE AT KINGS COLLEGE, LONDON, RETURNED TO PROMYS AS A COUNSELOR IN 2024. 4. JANE STREET FELLOWSHIPS - THE PROMYS FOUNDATION IS VERY GRATEFUL TO JANE STREET FOR ITS GENEROUS SUPPORT FOR PROMYS 2024 INCLUDING TWO JANE STREET FELLOWSHIPS FOR STUDENTS, TWO JANE STREET FELLOWSHIPS FOR COUNSELORS, AND SUPPORT FOR PROMYS PATHWAYS 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. 5. PACKARD FOUNDATION GRANT - 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 SECOND SUMMER OF PROMYS INDIA RAN IN 2024 AT THE INDIAN INSTITUTE OF SCIENCE (IISC) BANGALORE. THANKS TO THE GENEROSITY OF OUR PARTNERS AND SPONSORS, PROMYS INDIA 2024 WAS FREE FOR ALL STUDENTS. 6. PROMYS PATHWAYS - 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. 2024 WAS THE 3RD SUMMER OF THE PROMYS PATHWAYS SUMMER PROGRAM ON THE CAMPUS OF BOSTON UNIVERSITY. THE 4-WEEK PROGRAM IS FREE TO PARTICIPANTS, INCLUDING PUBLIC TRANSPORTATION COSTS AND LUNCHES. A RECORD THIRTY MASSACHUSETTS STUDENTS PARTICIPATED IN THE FULL PROGRAM, RECRUITED FROM PROMYS PATHWAYS MATH CIRCLES, PFT ALUMNI CLASSES, STEM OUTREACH EVENTS, AND LOCAL FINANCIAL AID APPLICANTS TO PROMYS WHO WERE NOT ACCEPTED THIS YEAR.