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CarEth Foundation
Funders Network on Trade and Globalization

CarEth Foundation
264 N. Pleasant Street, 2nd Floor
Amherst, MA 01002
Tel: 413-256-0349
Fax: 413-256-3536
email: careth@funder.org
Website: www.funder.org/grantmaking/careth
EIN: 04-2433914
E
xempt since February 1967

Description: "Peace and security"-style foundation based on the fortune of Boston investment counselor, G. Sterling Grumman, who died in a mountain-climbing accident in his seventies. First president, Grumman sister Helen Burr Grumman. Named for Carol and Ethel Grumman, aunts of G. Sterling Grumman.
G. Sterling Grumman was also an early board member of the loudly anti-U.S.-policy Center for Defense Information.

Under leadership of current president Ethel Ackley, another Grumman sister, CarEth Foundation has funded anti-biotech and anti-globalization organizations. A founder member on the steering committee of the Funders Network on Trade and Globalization, but no longer associated, according to CarEth officials.

 CarEth Foundation Revenue and Expenses:
Fiscal Year Ending December 31, 2000

venue

 

  Expenses

Contributions

$0

Interest on savings

$103

Dividends

$77,443

Capital gains

$402,756

Special Events

$0

Sales

$0

Other

$0

 

Grants

$250,000

Administration

$18,038

Other

$48,246

Total Expenditures

$316,264

 

 

Total Assets

$2,142,150

Total Revenue $480,302   NET GAIN/LOSS $164,038

 

 

CarEth Foundation Board of Directors, 2000

Ethel Ackley, President Sandra Grumman, Vice-President
Ted Ackley, Secretary Paul Deats, Treasurer
Scott Ackley, Director Bill Briggs, Director
Lee Grumman, Director Byron Rushing, Director

 

Sample CarEth Foundation grants:

Recipient: Center for International Policy
Amount: $20,000

Recipient: Development Group for Alternative Policy
Amount: $14,000

Recipient: Institute for Agricultural and Trade Policy
Amount: $15,000

Recipient: Institute for Policy Studies
Amount: $18,000

Recipient: Interhemispheric Resource Center
Amount: $15,000

Recipient: International Media Project
Amount: $15,000

Recipient: Global Exchange
Amount: $12,000

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