While preparing to review “Saving Money,” a children’s primer, I noticed that the book’s frontispiece indicated it was purchased by the Donald E. Garrant Foundation. Curious, I Googled the name to find that it is a corporate philanthropy dedicated to financial literacy. They don’t have a website, but the tax returns of 501(c)(3) organizations are public, and it was easy to find it through the National Center for Charitable Statistics.
The Donald E. Garrant Foundation of Wakefield, MA
In 2007, the Donald E. Garrant Foundation funded:
- $3,608 to the Galvin Middle School for a school program on financial literacy
- $1,000 to the Foundation for the Advancement of Malden Education to purchase supplies
- $622 to the Wakefield High School to purchase Intuit software
- $766 to the Action for Boston Community Development to purchase financial literacy materials
- $5,860 to the Wilmington High School to purchase supplies for library books
None of the six officers of corporation received any compensation for their work. The foundation’s only other expense was $1,250 in accounting fees. Their total disbursements were $13,141 which is 6% of the funds’ total assets of $218,065.
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