Civic Intelligence

Lester I Beal Memorial Scholarship Fund

EIN 04-6398211 • 501(c)3 • Pittsburgh, PA

Profile

Financial support for the massachusetts institute of technology

500 First Ave P7-pfsc-03-zPittsburgh, PA 15219

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$13,092

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 29.9% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

46th percentile

1.6%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

143%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$806,038

Up $12,428 (+1.6%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$806,038

Up $12,428 (+1.6%) from 2023

Operations
Liabilities / Revenue35th percentileNet Margin80th percentile

Revenue

Up

$43,794

Up $25,784 (+143%) from 2023

Expenses

Up

$31,025

Up $3,183 (+11%) from 2023

Net Income

Up

$12,769

Up $22,601 (+230%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth46th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2010: $475,048Liabilities 2010: $0Net Assets 2010: $475,0482010Assets 2011: $499,689Liabilities 2011: $0Net Assets 2011: $499,6892011Assets 2012: $521,763Liabilities 2012: $0Net Assets 2012: $521,7632012Assets 2013: $562,635Liabilities 2013: $0Net Assets 2013: $562,6352013Assets 2014: $639,027Liabilities 2014: $0Net Assets 2014: $639,0272014Assets 2015: $660,683Liabilities 2015: $0Net Assets 2015: $660,6832015Assets 2016: $664,227Liabilities 2016: $0Net Assets 2016: $664,2272016Assets 2017: $684,251Liabilities 2017: $0Net Assets 2017: $684,2512017Assets 2018: $701,913Liabilities 2018: $0Net Assets 2018: $701,9132018Assets 2019: $794,305Liabilities 2019: $0Net Assets 2019: $794,3052019Assets 2020: $788,114Liabilities 2020: $0Net Assets 2020: $788,1142020Assets 2021: $827,871Liabilities 2021: $0Net Assets 2021: $827,8712021Assets 2022: $802,791Liabilities 2022: $0Net Assets 2022: $802,7912022Assets 2023: $793,610Liabilities 2023: $0Net Assets 2023: $793,6102023Assets 2024: $806,038Liabilities 2024: $0Net Assets 2024: $806,0382024

Highlighted filing

2024

Assets$806,038
Liabilities$0
Net Assets$806,038
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $61,081Expenses 2010: $16,230Net Income 2010: $44,8512010Revenue 2011: $46,825Expenses 2011: $20,528Net Income 2011: $26,2972011Revenue 2012: $48,328Expenses 2012: $23,718Net Income 2012: $24,6102012Revenue 2013: $57,572Expenses 2013: $21,465Net Income 2013: $36,1072013Revenue 2014: $103,286Expenses 2014: $21,884Net Income 2014: $81,4022014Revenue 2015: $43,512Expenses 2015: $21,862Net Income 2015: $21,6502015Revenue 2016: $24,154Expenses 2016: $20,616Net Income 2016: $3,5382016Revenue 2017: $43,087Expenses 2017: $23,052Net Income 2017: $20,0352017Revenue 2018: $42,258Expenses 2018: $24,599Net Income 2018: $17,6592018Revenue 2019: $118,412Expenses 2019: $26,005Net Income 2019: $92,4072019Revenue 2020: $22,389Expenses 2020: $27,065Net Income 2020: -$4,6762020Revenue 2021: $66,022Expenses 2021: $26,327Net Income 2021: $39,6952021Revenue 2022: $4,080Expenses 2022: $28,986Net Income 2022: -$24,9062022Revenue 2023: $18,010Expenses 2023: $27,842Net Income 2023: -$9,8322023Revenue 2024: $43,794Expenses 2024: $31,025Net Income 2024: $12,7692024

Highlighted filing

2024

Revenue$43,794
Expenses$31,025
Net Income$12,769
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$806,038
Liabilities
$0
Net assets
$806,038
Revenue
$43,794
Expenses
$31,025
Net income
$12,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.06$0.00$8.06$0.44$0.31$0.13
2023Detailed filing. Detailed filing data is available for this year.$7.94$0.00$7.94$0.18$0.28$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$0.00$8.03$0.04$0.29$0.25
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$8.28$0.00$8.28$0.66$0.26$0.40
2020Detailed filing. Detailed filing data is available for this year.$7.88$0.00$7.88$0.22$0.27$0.05
2019Detailed filing. Detailed filing data is available for this year.$7.94$0.00$7.94$1.18$0.26$0.92
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$0.00$7.02$0.42$0.25$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.84$0.00$6.84$0.43$0.23$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.64$0.00$6.64$0.24$0.21$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.61$0.00$6.61$0.44$0.22$0.22
2014Detailed filing. Detailed filing data is available for this year.$6.39$0.00$6.39$1.03$0.22$0.81
2013Summary only. Only limited summary data is available for this year.$5.63$0.00$5.63$0.58$0.21$0.36
2012Summary only. Only limited summary data is available for this year.$5.22$0.00$5.22$0.48$0.24$0.25
2011Summary only. Only limited summary data is available for this year.$5.00$0.00$5.00$0.47$0.21$0.26
2010Summary only. Only limited summary data is available for this year.$4.75$0.00$4.75$0.61$0.16$0.45
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 12, 2025
Return Version
2024v5.1
Gross Receipts
$234,786
Mission and Program Overview

Mission

Financial support for the massachusetts institute of technology

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$793,610$806,038▲ $12,428
Investments in Publicly Traded Securities$757,081$761,937▲ $4,856
Savings and Temporary Cash Investments$36,529$44,101▲ $7,572
Total Assets$793,610$806,038▲ $12,428
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$793,610$806,038▲ $12,428
Total Liabilities and Net Assets / Fund Balance$793,610$806,038▲ $12,428
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleBaseTotal
-Trustee$13,092$13,092
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$43,794
Other Revenue
$0
Change in Net Assets
$12,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,599
Salaries, Compensation, and Employee Benefits$13,092
Other Expenses$334
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,599--$17,599
Current Officers, Directors, Trustees, and Key Employees$5,237$7,855-$13,092
Other Expenses$35$299-$35
Total Functional Expenses$22,871$8,154$0$31,025
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Massachusetts Institute of TechnologyCambridge, MA501(c)(3)Scholarship Applicants Who Are Residents of Maine Wishing to Pursue the Study of Architecture$17,599
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.”

Filing and Contact Details

Filer

Filer Name
Lester I Beal Memorial Scholarship Fund
EIN
04-6398211
Phone
4122583051
Address
500 FIRST AVE P7-PFSC-03-Z, PITTSBURGH, PA 15219

Signing Officer

Name
Pnc Bank N a
Title
Tax Manager
Phone
4122583051
Signed
2025-04-12
Discuss with paid preparer
Yes

Organization Details

Formed
1994
Legal Domicile
Ma
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Ernst & Young US Llp
Address
2100 ONE PPG PLACE, PITTSBURGH, PA 15222
Preparer
Jason Belot
Phone
3302555814
Supplemental Narrative

Additional Explanations

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.”

Raw XML Appendix347 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
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IRS990/AddressChangeInd0X
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PNC BANK N A
IRS990/BooksInCareOfDetail/PhoneNum04122583051
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0500 FIRST AVE P7-PFSC-03-Z
IRS990/BooksInCareOfDetail/USAddress/CityNm0PITTSBURGH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd015219
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0793610
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0806038
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt07855
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt05237
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt013092
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt017599
IRS990/CYInvestmentIncomeAmt043794
IRS990/CYOtherExpensesAmt0334
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt012769
IRS990/CYSalariesCompEmpBnftPaidAmt013092
IRS990/CYTotalExpensesAmt031025
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt043794
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0FINANCIAL SUPPORT FOR MASSACHUSETTS INSTITUTE OF TECHNOLOGY
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExcsTaxSect4951Or4952Or4953Ind0false
IRS990/ExpenseAmt022871
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0PNC BANK N A
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt013092
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt020354
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt01
IRS990/GrantAmt017599
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt017599
IRS990/GrantsToDomesticOrgsGrp/TotalAmt017599
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0211346
IRS990/GrossReceiptsAmt0234786
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt023440
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023440
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0757081
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0761937
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0190992
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0FINANCIAL SUPPORT FOR THE MASSACHUSETTS INSTITUTE OF TECHNOLOGY
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0793610
IRS990/NetAssetsOrFundBalancesEOYAmt0806038
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt020354
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt020354
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-341
IRS990/OtherExpensesGrp/Desc0FOREIGN TAXES PAID
IRS990/OtherExpensesGrp/Desc1STATE FILING FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0299
IRS990/OtherExpensesGrp/ProgramServicesAmt035
IRS990/OtherExpensesGrp/TotalAmt0299
IRS990/OtherExpensesGrp/TotalAmt135
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0SHAWN DICKSON CO PNC BANK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt016074
IRS990/PYInvestmentIncomeAmt018010
IRS990/PYOtherExpensesAmt0176
IRS990/PYRevenuesLessExpensesAmt0-9832
IRS990/PYSalariesCompEmpBnftPaidAmt011592
IRS990/PYTotalExpensesAmt027842
IRS990/PYTotalRevenueAmt018010
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt012769
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt036529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt044101
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LESTER 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE 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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2PROVIDED SUPPORT TO MASSACHUSETTS INSTITUTE OF TECHNOLOGY BUT FOR THE SUPPORTING ORGANIZATIONS INVOLVEMENT, THE SUPPORTED ORGANIZATION WOULD NEED TO CONDUCT THIS ACTIVITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3THE 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
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4ORGANIZATION TO MAKE SCHOLARSHIPS TO STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Form 990, Schedule A, Section D, Line 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Form 990, Schedule A, Section D, Line 3
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2QUESTION 2B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc3Form 990, Schedule A, Section E, Line 2a
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc4Form 990, Schedule A, Section E, Line 2a, Continued
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042103594
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt017599
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MASSACHUSETTS INSTITUTE OF TECHNOLOGY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt017599
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt017599
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP APPLICANTS WHO ARE RESIDENTS OF MAINE WISHING TO PURSUE THE STUDY OF ARCHITECTURE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MASSACHUSETTS INSTITUTE OF TECHNOLOGY
IRS990ScheduleI/RecipientTable/RecipientEIN0042103594
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt077 MASSACHUSETTS AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CAMBRIDGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002139
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS TRUST FUND HAS NO WRITTEN POLICY REGARDING DOCUMENTATION OF MEETINGS AND WRITTEN ACTIONS OF ITS GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PNC 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 AND RELATED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt52023 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11-DESCRIPTION OF PROCESS FOR REVIEW
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3EXPLANATION FOR FORM 990, PAGE 6, PART VI, LINE 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5EXPLANATION FOR FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0OF TECHNOLOGY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt077 MASSACHUSETTS AVENUE
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MASSACHUSETTS INSTITUTE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine2Txt0OF TECHNOLOGY
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt022871
IRS990/TotalFunctionalExpensesGrp/TotalAmt031025
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalRevenueGrp/ExclusionAmt043794
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt043794
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0793610
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0806038
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PNC BANK N A
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TAX MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum04122583051
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LESTER I BEAL MEMORIAL SCHOLARSHIP FUND
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0346565596
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ERNST & YOUNG US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02100 ONE PPG PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PITTSBURGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
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ReturnHeader/PreparerPersonGrp/PhoneNum03302555814
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON BELOT
ReturnHeader/ReturnTs02025-04-21T15:01:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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