2025-04-21T15:01:31-04:00 2024-12-31 346565596 ERNST & YOUNG US LLP 2100 ONE PPG PLACE PITTSBURGH PA 15222 990 2024-01-01 046398211 LESTER I BEAL MEMORIAL SCHOLARSHIP FUND BEAL 4122583051 500 FIRST AVE P7-PFSC-03-Z PITTSBURGH PA 15219 PNC BANK N A TAX MANAGER 4122583051 2025-04-12 true true JASON BELOT P00183464 3302555814 2025-04-12 2024 2025-03-06 01:10:19Z X SHAWN DICKSON CO PNC BANK 500 FIRST AVE P7-PFSC-03-Z PITTSBURGH PA 15219 234786 false X N/A X 1994 MA FINANCIAL SUPPORT FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY 1 0 0 0 0 0 0 18010 43794 0 18010 43794 16074 17599 0 11592 13092 0 0 176 334 27842 31025 -9832 12769 793610 806038 0 0 793610 806038 FINANCIAL SUPPORT FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY false false 22871 17599 FINANCIAL SUPPORT FOR MASSACHUSETTS INSTITUTE OF TECHNOLOGY 22871 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false X 1 0 false false false false false false false false false false false true true true true false true false false false MA X PNC BANK N A 4122583051 500 FIRST AVE P7-PFSC-03-Z PITTSBURGH PA 15219 PNC BANK N A TRUSTEE 3.0 0.0 X 13092 0 0 13092 0 0 false false false 23440 23440 211346 190992 20354 20354 20354 43794 43794 17599 17599 13092 5237 7855 FOREIGN TAXES PAID 299 299 STATE FILING FEE 35 35 31025 22871 8154 0 36529 44101 757081 761937 793610 806038 0 0 X 793610 806038 793610 806038 793610 806038 X 12769 -341 X false false false X X 1 MASSACHUSETTS INSTITUTE OF TECHNOLOGY 042103594 2 true 17599 0 1 17599 0 true false false false false false false false false false false false false false false true false true X true true 0 0 0 0 0 0 Form 990, Schedule A, Section D, Line 2 LESTER I. BEAL MEMORIAL SCHOLARSHIP FUND IS A TRUST FUND THAT DISBURSES FUND TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUST'S GOVERNING INSTRUMENT TO BE USED AS DECREED IN THE INSTRUMENT. Form 990, Schedule A, Section D, Line 3 THE TRUSTEE HOLDS REGULAR MEETINGS WITH THE SUPPORTED ORGANIZATION TO BETTER UNDERSTAND ITS NEEDS. FURTHER, THE SUPPORTED ORGANIZATION IS PROVIDED WITH THE ANNUAL STATEMENTS THAT CONTAINS THE INVESTMENTS, INCOME AND EXPENSE ACTIVITIES OF THE SUPPORTING ORGANIZATION FOR THE GIVEN TAX YEAR. QUESTION 2B PROVIDED SUPPORT TO MASSACHUSETTS INSTITUTE OF TECHNOLOGY BUT FOR THE SUPPORTING ORGANIZATIONS INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NEED TO CONDUCT THIS ACTIVITY. Form 990, Schedule A, Section E, Line 2a THE SOLE PURPOSE OF LESTER I. BEAL MEMORIAL SCHOLARSHIP FUND IS TO PRODUCE INCOME IN ORDER TO MEET THE NEEDS OF ITS SUPPORTED ORGANIZATION. IT DOES THIS BY HOLDING AND INVESTING ASSETS PLACED IN THE TRUST BY ITS GRANTOR. AT THE END OF EACH QUARTER, ENTIRE NET INCOME PRODUCED BY THE TRUST IS DISTRIBUTED TO THE SUPPORTED ORGANIZATION. THESE FUNDS ARE THEN USED BY THE SUPPORTED Form 990, Schedule A, Section E, Line 2a, Continued ORGANIZATION TO MAKE SCHOLARSHIPS TO STUDENTS. false MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 501(c)(3) 17599 FMV SCHOLARSHIP APPLICANTS WHO ARE RESIDENTS OF MAINE WISHING TO PURSUE THE STUDY OF ARCHITECTURE 1 EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 The Lester I Beal Memorial Scholarship Fund is a trust fund that disburses funds only to qualifying charitable organizations as directed by the trust governing instrument to be used only in accordance with the governing instrument. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a THIS TRUST FUND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b THIS TRUST HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY AND COMMITTEES WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW PNC BANK, NA AS SOLE TRUSTEE OF THE TRUST ARRANGES FOR THE PREPARATION OF THE TAX RETURNS FOR THE TRUST AND USES A THIRD PARTY FOR THIS PREPARATION. EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c THE CONFLICT OF INTEREST POLICY OF PNC CHARITABLE TRUST REQUIRES AN ANNUAL AFFIRMATION THAT IT HAS BEEN RECEIVED, READ, UNDERSTOOD, AND AGREED TO BE COMPLIED WITH. IN ADDITION, THE POLICY REQUIRES AN ANNUAL DISCLOSURE OF THE EXISTENCE AND NATURE OF ANY AFFILIATION IN WHICH A PARTY WOULD BE CONSIDERED AN INTERESTED PERSON UNDER THE POLICY. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. EXPLANATION FOR FORM 990, PART XI, LINE 9 2023 transactions posted in 2024 OF $952 less 2024 transactions posted in 2025 of $893 less return of capital adjustment of $143 less a rounding adjustment from return of capital of $260 plus a rounding adjustment of $3. MASSACHUSETTS INSTITUTE OF TECHNOLOGY 77 MASSACHUSETTS AVENUE CAMBRIDGE MA 02139 042103594 MA 501(c)(3) 2 N/A false false true false false false false false false false false false false false false false false false false false MASSACHUSETTS INSTITUTE OF TECHNOLOGY b 17599 FMV