Civic Intelligence

Promys Foundation

EIN 45-2917981 • 501(c)3 • Boston, MA

Profile

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.

PO Box 15502Boston, MA 02215

promysfoundation.org

Siviq Scores

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

Liabilities / Assets

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

33rd percentile

0.02x

Higher debt load relative to revenue than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-75%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

9th percentile

-20%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-45%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,548,919

Down $397,725 (-20%) from 2023

Liabilities

Up

$10,192

Up $10,192 from 2023

Net Assets

Down

$1,538,727

Down $407,917 (-21%) from 2023

Revenue

Down

$540,886

Down $436,911 (-45%) from 2023

Expenses

Up

$948,804

Up $455,229 (+92%) from 2023

Net Income

Down

-$407,918

Down $892,140 (-184%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $174,038Liabilities 2013: $02013Assets 2014: $381,338Liabilities 2014: $0Net Assets 2014: $381,3382014Assets 2015: $432,471Liabilities 2015: $0Net Assets 2015: $432,4712015Assets 2016: $367,928Liabilities 2016: $0Net Assets 2016: $367,9282016Assets 2017: $455,657Liabilities 2017: $0Net Assets 2017: $455,6572017Assets 2018: $487,163Liabilities 2018: $0Net Assets 2018: $487,1632018Assets 2019: $603,587Liabilities 2019: $0Net Assets 2019: $603,5872019Assets 2020: $755,442Liabilities 2020: $11,407Net Assets 2020: $744,0352020Assets 2021: $1,024,658Liabilities 2021: $7,062Net Assets 2021: $1,017,5962021Assets 2022: $1,448,389Liabilities 2022: $6,130Net Assets 2022: $1,442,2592022Assets 2023: $1,946,644Liabilities 2023: $0Net Assets 2023: $1,946,6442023Assets 2024: $1,548,919Liabilities 2024: $10,192Net Assets 2024: $1,538,7272024

Highlighted filing

2024

Assets$1,548,919
Liabilities$10,192
Net Assets$1,538,727

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $162,506Expenses 2013: $13,176Net Income 2013: $149,3302013Revenue 2014: $243,237Expenses 2014: $35,937Net Income 2014: $207,3002014Revenue 2015: $199,658Expenses 2015: $146,395Net Income 2015: $53,2632015Revenue 2016: $130,783Expenses 2016: $202,644Net Income 2016: -$71,8612016Revenue 2017: $319,556Expenses 2017: $250,108Net Income 2017: $69,4482017Revenue 2018: $423,852Expenses 2018: $381,327Net Income 2018: $42,5252018Revenue 2019: $435,420Expenses 2019: $348,978Net Income 2019: $86,4422019Revenue 2020: $403,554Expenses 2020: $282,323Net Income 2020: $121,2312020Revenue 2021: $438,814Expenses 2021: $158,756Net Income 2021: $280,0582021Revenue 2022: $867,128Expenses 2022: $404,975Net Income 2022: $462,1532022Revenue 2023: $977,797Expenses 2023: $493,575Net Income 2023: $484,2222023Revenue 2024: $540,886Expenses 2024: $948,804Net Income 2024: -$407,9182024

Highlighted filing

2024

Revenue$540,886
Expenses$948,804
Net Income-$407,918

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.01$1.54$0.54$0.95$0.41
2023Summary only. Only limited summary data is available for this year.$1.95$0.00$1.95$0.98$0.49$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.45$0.01$1.44$0.87$0.40$0.46
2021Summary only. Only limited summary data is available for this year.$1.02$0.01$1.02$0.44$0.16$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.01$0.74$0.40$0.28$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.44$0.35$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.00$0.49$0.42$0.38$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.46$0.00$0.46$0.32$0.25$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.00$0.37$0.13$0.20$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$0.20$0.15$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.24$0.04$0.21
2013Summary only. Only limited summary data is available for this year.$0.17$0.00$0.16$0.01$0.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$540,886
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,299,932$1,268,031▼ $31,901
Investments Other Securities$174,839$198,908▲ $24,069
Cash and Non-Interest-Bearing Accounts$471,874$60,310▼ $411,564
Pledges and Grants Receivable-$21,670-
Total Assets$1,946,645$1,548,919▼ $397,726
Liabilities
Accounts Payable and Accrued Expenses$0$10,192▲ $10,192
Total Liabilities$0$10,192▲ $10,192
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,946,645$1,538,727▼ $407,918
Total Net Assets Fund Balance$1,946,645$1,538,727▼ $407,918
Total Liabilities and Net Assets / Fund Balance$1,946,645$1,548,919▼ $397,726

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$198,908--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$174,839-▲ $24,069-$198,908
2023$169,248-▲ $14,091-$174,839
2022$203,102-▼ $33,854-$169,248
2021$184,694-▲ $24,908-$203,102
2020$156,826-▲ $27,869-$184,694
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wan-yin WuPresident
Marjory BaruchVice President 2024 / President Elect 11 10 25
Amanda TuckerTrustee
Caleb ShorTrustee
Cameron FreerTrustee
Ila VarmaTrustee
Joshua Greene Resigned 111025Trustee
Li-mei LimTrustee
Michael KingTrustee
Henry CohnSecretary
Glenn StevensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$475,169
Program Service Revenue
$0
Investment Income
$65,717
Other Revenue
$0
All Other Contributions
$475,169
Change in Net Assets
$-407,918

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,886
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$540,886
Total Revenue per Form 990
$540,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$905,748
Other Expenses$43,056
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$905,748--$905,748
Fees for Services Other$32,306--$32,306
Fees for Services Accounting-$6,870-$6,870
Other Expenses-$555-$555
Total Functional Expenses$938,054$10,750$0$948,804

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$948,804
Total Expenses per Audited Statements$948,804
Total Expenses per Form 990$948,804
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston University (promys Designation)Boston, MA501c3Support for Promys Student Program$380,000
Promys IncBoston, MA501c3SUPPORT PROMYS INC'S MISSION$276,141
Boston University (promys Designation)Boston, MA501c3Mehta Fellowships and Promys India Support$128,805
Boston University (promys Designation)Boston, MA501c3$120,000 GRANT TO PROMYS FOR TEACHERS$120,000
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
Audit committee
Yes
Backup withholding compliance
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

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.

Filing and Contact Details

Filer

Filer Name
Promys Foundation
EIN
45-2917981
Phone
6173532563
Address
PO BOX 15502, BOSTON, MA 02215

Signing Officer

Name
Glenn Stevens
Title
Treasurer
Phone
6173532563
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Stevens
Formed
2011
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
24

Preparer

Firm
Jesson Oslin & Assoc
Address
2 GRANITE AVENUE SUITE 450, MILTON, MA 02186
Preparer
James L Oslin CPA
Phone
6176983950
Supplemental Narrative

Additional Explanations

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.

Financial Statement Notes

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.

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IRS990/ActivityOrMissionDesc0PROMYS 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.
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IRS990/Desc0THE 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.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT 2024 / PRESIDENT ELECT 11 10 25
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0VANGUARD - BREAKOUT FELLOWSHIPS TERM ENDOWMENT FUND
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MEHTA FELLOWSHIPS AND PROMYS INDIA SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1$120,000 GRANT TO PROMYS FOR TEACHERS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SUPPORT FOR PROMYS STUDENT PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3SUPPORT PROMYS INC'S MISSION
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3PROMYS INC
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1665 COMMONWEALTH AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2665 COMMONWEALTH AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3665 COMMONWEALTH AVE ROOM 522
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEE IS REQUIRED TO SUBMIT A WRITTEN REPORT OF GRANT EXPENDITURES
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S OFFICERS REVIEW AND APPROVE THE FORM 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, EACH TRUSTEE IS EXPECTED TO REPORT CONFLICT OF INTERESTS TO THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION MAKES ITS FORM 1023, FORM 990 AND ITS ORGANIZATIONAL DOCUMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND VIA THE MASSACHUSETTS PUBLIC CHARITY WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GRANTS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt41. 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PAGE 9 PART VIII LINE 1F CONTRIBUTIONS AND GRANTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE O ADDITIONAL INFORMATION
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IRS990/SignificantChangeInd00

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