Private Foundation

Independent University Alumni Association at Lowell Inc

Independent University Alumni Association at Lowell Inc is a Private Foundation headquartered in Lowell, MA. Financial data from the 2025 filing: $239K revenue, $298K expenses, $6.7M total assets. IRS filings disclose 12 grants awarded by this foundation, totaling roughly $7.0M.

EIN: 042052723 Lowell, MA Latest filing: 2025

Total Revenue$239K

Total Expenses$298K

Total Assets$6.7M

Grants Given12

Grant Total$7.0M

Filing Years2021–2025

Sample Grants Given

University of Massachusetts

Newton, MA · 2024

Annual scholarships for students

$150,000

University of Massachusetts Lowell

Lowell, MA · 2024

Grants for UMass Lowell programs

$19,000

UNIVERSITY OF MASSACHUSETTS LOWELL

LOWELL, MA · 2023

FUNDS FOR STUDENT SCHOLARSHIPS

$3,118,293

UNIVERSITY OF MASSACHUSETTS

NEWTOWN, MA · 2023

ANNUAL SCHOLARSHIPS FOR STUDENTS

$150,000

UNIVERSITY OF MASSACHUSETTS LOWELL

LOWELL, MA · 2023

GRANTS FOR UMASS LOWELL PROGRAMS

$18,150

Showing up to 5 of 12 total records — full history available with membership.

Officers & Directors

Secretary Davis Lee

Director George Duggan

Director Hae-Young Christina Joo

Director Joseph Vecchione

President Kevin Shanahan

Executive Director Margaret Shanahan

Officer compensation and complete director data available with membership.

Top Grant Purposes

FUNDS FOR STUDENT SCHOLARSHIPS

$3,118,293 1 grant

PROVIDE ANNUAL SCHOLARSHIPS TO UNIVERSITY STUDENTS

$3,045,115 2 grants

SCHOLARSHIPS AND GRANTS

$280,300 2 grants

SCHOLARSHIPS FOR UNIVERSITY STUDENTS

$156,750 1 grant

Annual scholarships for students

$150,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2025	$239K	$298K	$6.7M
2024	$285K	$3.4M	$6.4M
2023	$284K	$329K	$9.1M
2022	$2.5M	$3.2M	$8.8M
2021	$452K	$319K	$11.6M

Between 2021 and 2025, reported annual revenue declined from $452K to $239K (-47%), with total assets most recently reported at $6.7M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in MA.

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for Independent University Alumni Association at Lowell Inc

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