Form 990, Page 6, Part VI, Line 11-description of Process for Review
“Trustee reviews all underlying monetary and factual information before the irs form 990 is filed.”
990 • Fiscal year 2023 • EIN 38-6841793
Scores are not available for this record yet.
Assets
Up$41,250,086
Up $664,273 (+1.6%) from 2022
Net Assets
Up$41,250,086
Up $664,273 (+1.6%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue
Up$3,269,495
Up $159,635 (+5.1%) from 2022
Expenses
Down$2,605,231
Down $493,676 (-16%) from 2022
Net Income
Up$664,264
Up $653,311 (+5965%) from 2022
Funds the dudley e chambers program at stanford university, supports university research in sciences and engineering, provides scholarships in sciences and engineering and facilitates university capital improvements
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cap Stk Tr Prin Current Funds | $40,585,813 | $41,250,086 | ▲ $664,273 |
| Investments in Publicly Traded Securities | $39,805,206 | $40,456,060 | ▲ $650,854 |
| Savings and Temporary Cash Investments | $772,639 | $783,882 | ▲ $11,243 |
| Cash and Non-Interest-Bearing Accounts | $7,968 | $10,144 | ▲ $2,176 |
| Total Assets | $40,585,813 | $41,250,086 | ▲ $664,273 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $40,585,813 | $41,250,086 | ▲ $664,273 |
| Total Liabilities and Net Assets / Fund Balance | $40,585,813 | $41,250,086 | ▲ $664,273 |
| Name | Title | Base | Total |
|---|---|---|---|
| - | Trustee | $223,540 | $223,540 |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $2,350,921 |
| Salaries, Compensation, and Employee Benefits | $223,541 |
| Other Expenses | $30,769 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $2,350,921 | - | - | $2,350,921 |
| Current Officers, Directors, Trustees, and Key Employees | $75,190 | $148,351 | - | $223,541 |
| Other Expenses | $750 | $30,019 | - | $30,019 |
| Total Functional Expenses | $2,426,861 | $178,370 | $0 | $2,605,231 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Stanford University | Stanford, CA | 501 (c)(3) | Funds the Dudley E Chambers Program at Stanford University to Support Research and Educationin Engineering and Natural Sciences | $2,350,921 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Trustee reviews all underlying monetary and factual information before the irs form 990 is filed.”
“As trustee, jpmorgan chase bank na maintains a close and continuous working relationship with the officers of the supported organization.the governing documents are not available to the general public, but have been given and are available to all interested parties such as beneficiaries, trustees, executors, etc. Jpmorgan chase bank na does not have a public conflict of interest policy. However, the governing documents and state law impose limitations of trustee powers thatjpmorgan chase bank na strictly follows. Financial statements are sentto each charitable beneficiary for review and comment.”
“For stanford fiscal year 2022 to 2023, the university allocated $800,000 from the dudley chambers trust distributions to contribute $100,000 toward the salary of each of eight members of the faculty. As described in the expenditure report, four of these faculty members have appointments in the school of engineering (chambers scholars) and four have appointments in the school of humanities and sciences (chambers fellows).”
“Each of the chambers fellows and scholars was an associate professor during the 2022 to 2023 academic year. None of the chambers fellows and scholars currently holds an endowed chair, so the support provided by the dudley chambers trust is especially valuable for these professors. Stanford university benefits greatly from the teaching and research work performed by the chambers fellows and scholars.”
“Teaching responsibilities for the eight professors vary but, as an example, the chambers scholars in the school of engineering taught a total of 604 students in academic year 2022 to 2023: an average of 151 students per faculty member. The chambers fellows in the school of humanities and sciences (h&s) taught a total of 928 students in academic year 2022 to 2023: an average of 232 per faculty member.”
“The frequency of scholarly publications also varies, but the chambers fellows and scholars published a total of 101 scholarly papers in 2022 to 2023. In addition to publishing, research, lecturing, and related teaching activities, the eight professors are actively engaged in mentoring the next generation of academic researchers and teachers. All the chambers fellows and scholars serve in varying capacities as advisors to graduate students in doctoral and masters”
“Scholarships - the terms of the dudley chambers trust provide that one-third of distributions be used to furnish one or more whole or partial scholarships to students specializing in one or more areas of engineering technology and the natural sciences.”
“Stanford university chooses to focus the funding designated for scholarships on its national science foundation fellows (nsf). For stanford fiscal year 2022 to 2023, the university allocated $800,000 from the dudley chambers trust distributions to provide fellowships that support 146 nsf fellows in engineering technology and natural science disciplines.”
“The dudley chambers trust funds provided about 11 percent of the funding for 32 percent of the nsfs on tenure for 2022 to 2023. The $5,500 award per nsf fellow contributes toward each fellow tuition. Average tuition was $52,560 for 2022 to 2023, of which the nsf provides $12,000 per year.”
“Fund for education or research - finally, the terms of the dudley chambers trust provide that one-third of distributions be used to pay for expenses incurred by stanford for education or research in one or more areas of engineering technology and the natural sciences, for purposes other than salary payments to faculty members and scholarships.”
“In 2022 to 2023, $800,000 of the distribution from the dudley chambers trust was allocated to learning technologies & spaces (lts), part of the office of the vice provost for student affairs (vpsa). Funds were used to provide technology and furniture upgrades in nine stem classrooms and the salaries for three full-time professional staff whose expertise and training help support these critical upgrades.”
“The classroom upgrades are part of the stanford classrooms reimagined initiative, a multiyear strategic plan to meet the changing needs of students, to address the growing gap between classroom supply and demand, and to optimize the use of existing spaces and resources.”
“These upgrades enable instructors to engage with audiences in more than one location and offer guest lecturer presentations that are more sustainable and accessible. Furniture upgrades ensured the classrooms could easily be reconfigured to accommodate different learning and teaching styles and classroom orientations.”
“Also necessary for the successful integration of technology in stem classrooms are full-time professional staff that directly support instructors as they adapt to new teaching and learning technologies in the classroom and continue to offer an inclusive and collaborative learning environment to students. Dedicated staff that are available to train, support, and problem solve are a critical part of the initiative success and the long-term viability of the”
“Mutual fund adjustment: ($48.36); rounding: $1.16; return of capital adjustment: $56.20;total $9.00”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | THE ORGANIZATION (TRUST) MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE SUPPORTED ORGANIZATION (STANFORD) THROUGHOUT THE YEAR. WE PROVIDE TO STANFORD AN EXTENSIVE PERFORMANCE REVIEW OF THE TRUST, BOTH WRITTEN AS WELL AS OFFERING A QUARTERLY CONFERENCE CALL TO REVIEW THE TRUST ASSET ALLOCATION, OBJECTIVE, INVESTMENTS, PERFORMANCE, OUR MARKET OUTLOOK AND STRATEGY. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | THE TRUSTEE ALSO REVIEWS THE ADMINISTRATIVE PROVISIONS OF THE TRUST INCLUDING FUTURE DISTRIBUTIONS. THE DIALOGUE IS TWO-WAY AS THE TRUSTEE ENCOURAGE STANFORD TO SHARE WITH THE TRUSTEE THEIR THOUGHTS ABOUT THE MARKETS, THE PORTFOLIOS INVESTMENTS, PERFORMANCE, ASSET ALLOCATION AND RISK. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 2 | IN ADDITION, THE TRUSTEE WELCOMES FEEDBACK REGARDING WHETHER THE CURRENT ACCOUNT AND DISTRIBUTIONS ARE MEETING THE NEEDS OF STANFORD. THE TRUSTEE REQUESTS THAT STANFORD SUPPLY AN ANNUAL EXPENDITURE REPORT AS TO THE EXPENDITURE OF FUNDS FROM THE TRUST. THE TRUSTEE ALSO PROVIDES STANFORD WITH THE OPPORTUNITY TO JOIN MARKET CALLS REGARDING THE TRUSTEES OUTLOOK AND STRATEGY FOR THE MARKETS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 3 | THE TRUSTEE ENGAGES IN OPEN AND COLLABORATIVE DISCUSSION AS TO THE INVESTMENTS AND INCOME FROM THE TRUST. THIS DISCUSSION IS GENERALLY QUARTERLY AT THE CONVENIENCE OF THE SUPPORTED ORGANIZATION AND IS WITH REPRESENTATIVE(S) FROM STANFORD MANAGEMENT COMPANY WHO ARE RESPONSIBLE FOR THE INVESTMENT AND MANAGEMENT OF STANFORD UNIVERSITYS ENDOWMENT AND OTHER FINANCIAL ASSETS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 4 | THESE CALLS ARE ROBUST AND GIVE STANDFORD MORE INFORMATION REGARDING OUR OVERALL STRATEGY IN LIGHT OF CURRENT MARKET EVENTS OR DISLOCATIONS.THE TRUSTEE ENGAGES IN OPEN AND COLLABORATIVE DISCUSSION AS TO THE INVESTMENTS AND INCOME FROM THE TRUST. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 5 | IN ADDITION TO A SIGNIFICANT VOICE WITH RESPECT TO INVESTMENTS, THE SUPPORTED ORGANIZATION SOLELY CHOOSES HOW TO SPEND THE DISTRIBUTIONS FROM THE TRUST, IN ACCORDANCE WITH THE GOVERNING INSTRUMENT. STANFORD HAS DESIGNED PROGRAMS THAT BEST MEET THE NEEDS OF THEIR ORGANIZATION, SELECTING FACULTY AND SCHOLARSHIP RECIPIENTS TO CARRY OUT THE MISSION AND INTENT OF THE TRUST. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 6 | THE ORGANIZATION IS A TRUST FUND THAT DISBURSES FUNDS ONLY TO QUALIFYING CHARITABLE ORGANIZATIONS AS DIRECTED BY THE TRUSTS GOVERNING INSTRUMENT TO BE USED ONLY IN ACCORDANCE WITH THE GOVERNING INSTRUMENT. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 6 | FORM 990, SCHEDULE A, PART V, LINE 8 |
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| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | FUNDS THE DUDLEY E CHAMBERS PROGRAM AT STANFORD UNIVERSITY TO SUPPORT RESEARCH AND EDUCATIONIN ENGINEERING AND NATURAL SCIENCES |
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| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | TRUST ACCOUNTING RECORDS ARE MAINTAINED IN A DEDICATED TRUST ACCOUNTING SYSTEM. REPORTS ARE REGULARLY OBTAINED FROM THIS SYSTEM.TRUST ADMINISTRATORS FOLLOW THE RULES AND REGULATIONS GOVERNINGCONTINUITY AND MAINTENANCE OF EXEMPT STATUS WHILE ALSO CARRYING OUT INDIVIDUAL TRUSTOR INTENT. DUTIES INCLUDE ANNUAL TRUST REVIEW, ISSUINGREPORTS, IDENTIFYING CHARITABLE RECIPIENTS, RESEARCHING TAX STATUS OFPOTENTIAL CHARITABLE RECIPIENTS, AND MAKING NECESSARY INCOMEDISTRIBUTIONS FROM EACH TRUST. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | EXPLANATION FOR FORM 990, SCHEDULE I, PART 1, LINE 2 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FOR STANFORD FISCAL YEAR 2022 TO 2023, THE UNIVERSITY ALLOCATED $800,000 FROM THE DUDLEY CHAMBERS TRUST DISTRIBUTIONS TO CONTRIBUTE $100,000 TOWARD THE SALARY OF EACH OF EIGHT MEMBERS OF THE FACULTY. AS DESCRIBED IN THE EXPENDITURE REPORT, FOUR OF THESE FACULTY MEMBERS HAVE APPOINTMENTS IN THE SCHOOL OF ENGINEERING (CHAMBERS SCHOLARS) AND FOUR HAVE APPOINTMENTS IN THE SCHOOL OF HUMANITIES AND SCIENCES (CHAMBERS FELLOWS). |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EACH OF THE CHAMBERS FELLOWS AND SCHOLARS WAS AN ASSOCIATE PROFESSOR DURING THE 2022 TO 2023 ACADEMIC YEAR. NONE OF THE CHAMBERS FELLOWS AND SCHOLARS CURRENTLY HOLDS AN ENDOWED CHAIR, SO THE SUPPORT PROVIDED BY THE DUDLEY CHAMBERS TRUST IS ESPECIALLY VALUABLE FOR THESE PROFESSORS. STANFORD UNIVERSITY BENEFITS GREATLY FROM THE TEACHING AND RESEARCH WORK PERFORMED BY THE CHAMBERS FELLOWS AND SCHOLARS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | TEACHING RESPONSIBILITIES FOR THE EIGHT PROFESSORS VARY BUT, AS AN EXAMPLE, THE CHAMBERS SCHOLARS IN THE SCHOOL OF ENGINEERING TAUGHT A TOTAL OF 604 STUDENTS IN ACADEMIC YEAR 2022 TO 2023: AN AVERAGE OF 151 STUDENTS PER FACULTY MEMBER. THE CHAMBERS FELLOWS IN THE SCHOOL OF HUMANITIES AND SCIENCES (H&S) TAUGHT A TOTAL OF 928 STUDENTS IN ACADEMIC YEAR 2022 TO 2023: AN AVERAGE OF 232 PER FACULTY MEMBER. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FREQUENCY OF SCHOLARLY PUBLICATIONS ALSO VARIES, BUT THE CHAMBERS FELLOWS AND SCHOLARS PUBLISHED A TOTAL OF 101 SCHOLARLY PAPERS IN 2022 TO 2023. IN ADDITION TO PUBLISHING, RESEARCH, LECTURING, AND RELATED TEACHING ACTIVITIES, THE EIGHT PROFESSORS ARE ACTIVELY ENGAGED IN MENTORING THE NEXT GENERATION OF ACADEMIC RESEARCHERS AND TEACHERS. ALL THE CHAMBERS FELLOWS AND SCHOLARS SERVE IN VARYING CAPACITIES AS ADVISORS TO GRADUATE STUDENTS IN DOCTORAL AND MASTERS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | SCHOLARSHIPS - THE TERMS OF THE DUDLEY CHAMBERS TRUST PROVIDE THAT ONE-THIRD OF DISTRIBUTIONS BE USED TO FURNISH ONE OR MORE WHOLE OR PARTIAL SCHOLARSHIPS TO STUDENTS SPECIALIZING IN ONE OR MORE AREAS OF ENGINEERING TECHNOLOGY AND THE NATURAL SCIENCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | STANFORD UNIVERSITY CHOOSES TO FOCUS THE FUNDING DESIGNATED FOR SCHOLARSHIPS ON ITS NATIONAL SCIENCE FOUNDATION FELLOWS (NSF). FOR STANFORD FISCAL YEAR 2022 TO 2023, THE UNIVERSITY ALLOCATED $800,000 FROM THE DUDLEY CHAMBERS TRUST DISTRIBUTIONS TO PROVIDE FELLOWSHIPS THAT SUPPORT 146 NSF FELLOWS IN ENGINEERING TECHNOLOGY AND NATURAL SCIENCE DISCIPLINES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE DUDLEY CHAMBERS TRUST FUNDS PROVIDED ABOUT 11 PERCENT OF THE FUNDING FOR 32 PERCENT OF THE NSFS ON TENURE FOR 2022 TO 2023. THE $5,500 AWARD PER NSF FELLOW CONTRIBUTES TOWARD EACH FELLOW TUITION. AVERAGE TUITION WAS $52,560 FOR 2022 TO 2023, OF WHICH THE NSF PROVIDES $12,000 PER YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | FUND FOR EDUCATION OR RESEARCH - FINALLY, THE TERMS OF THE DUDLEY CHAMBERS TRUST PROVIDE THAT ONE-THIRD OF DISTRIBUTIONS BE USED TO PAY FOR EXPENSES INCURRED BY STANFORD FOR EDUCATION OR RESEARCH IN ONE OR MORE AREAS OF ENGINEERING TECHNOLOGY AND THE NATURAL SCIENCES, FOR PURPOSES OTHER THAN SALARY PAYMENTS TO FACULTY MEMBERS AND SCHOLARSHIPS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | IN 2022 TO 2023, $800,000 OF THE DISTRIBUTION FROM THE DUDLEY CHAMBERS TRUST WAS ALLOCATED TO LEARNING TECHNOLOGIES & SPACES (LTS), PART OF THE OFFICE OF THE VICE PROVOST FOR STUDENT AFFAIRS (VPSA). FUNDS WERE USED TO PROVIDE TECHNOLOGY AND FURNITURE UPGRADES IN NINE STEM CLASSROOMS AND THE SALARIES FOR THREE FULL-TIME PROFESSIONAL STAFF WHOSE EXPERTISE AND TRAINING HELP SUPPORT THESE CRITICAL UPGRADES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | THE CLASSROOM UPGRADES ARE PART OF THE STANFORD CLASSROOMS REIMAGINED INITIATIVE, A MULTIYEAR STRATEGIC PLAN TO MEET THE CHANGING NEEDS OF STUDENTS, TO ADDRESS THE GROWING GAP BETWEEN CLASSROOM SUPPLY AND DEMAND, AND TO OPTIMIZE THE USE OF EXISTING SPACES AND RESOURCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | THESE UPGRADES ENABLE INSTRUCTORS TO ENGAGE WITH AUDIENCES IN MORE THAN ONE LOCATION AND OFFER GUEST LECTURER PRESENTATIONS THAT ARE MORE SUSTAINABLE AND ACCESSIBLE. FURNITURE UPGRADES ENSURED THE CLASSROOMS COULD EASILY BE RECONFIGURED TO ACCOMMODATE DIFFERENT LEARNING AND TEACHING STYLES AND CLASSROOM ORIENTATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | ALSO NECESSARY FOR THE SUCCESSFUL INTEGRATION OF TECHNOLOGY IN STEM CLASSROOMS ARE FULL-TIME PROFESSIONAL STAFF THAT DIRECTLY SUPPORT INSTRUCTORS AS THEY ADAPT TO NEW TEACHING AND LEARNING TECHNOLOGIES IN THE CLASSROOM AND CONTINUE TO OFFER AN INCLUSIVE AND COLLABORATIVE LEARNING ENVIRONMENT TO STUDENTS. DEDICATED STAFF THAT ARE AVAILABLE TO TRAIN, SUPPORT, AND PROBLEM SOLVE ARE A CRITICAL PART OF THE INITIATIVE SUCCESS AND THE LONG-TERM VIABILITY OF THE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | TRUSTEE REVIEWS ALL UNDERLYING MONETARY AND FACTUAL INFORMATION BEFORE THE IRS FORM 990 IS FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | AS TRUSTEE, JPMORGAN CHASE BANK NA MAINTAINS A CLOSE AND CONTINUOUS WORKING RELATIONSHIP WITH THE OFFICERS OF THE SUPPORTED ORGANIZATION.THE GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC, BUT HAVE BEEN GIVEN AND ARE AVAILABLE TO ALL INTERESTED PARTIES SUCH AS BENEFICIARIES, TRUSTEES, EXECUTORS, ETC. JPMORGAN CHASE BANK NA DOES NOT HAVE A PUBLIC CONFLICT OF INTEREST POLICY. HOWEVER, THE GOVERNING DOCUMENTS AND STATE LAW IMPOSE LIMITATIONS OF TRUSTEE POWERS THATJPMORGAN CHASE BANK NA STRICTLY FOLLOWS. FINANCIAL STATEMENTS ARE SENTTO EACH CHARITABLE BENEFICIARY FOR REVIEW AND COMMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | MUTUAL FUND ADJUSTMENT: ($48.36); ROUNDING: $1.16; RETURN OF CAPITAL ADJUSTMENT: $56.20;TOTAL $9.00 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.