WALTER P & ELIZABETH M STERN FOUNDATION INC

NEW YORK, NY 10017 EIN 136111129

https://N/A
Total Given 2016–2024
$8.0M
15 grants · $885K avg/year
based on 9 yrs of IRS 990-PF records on file
$100K+/yr
local funder
capacity
$448K
typical big bets · $277K–$668K
grant size
33%
supporter · 3/9 multi-year
repeat
$10.2M
Assets · 2021
9
Distinct recipients

About

THIS STATEMENT IS SUBMITTED IN ACCORDANCE WITH REG. 1.6043-3(A)(1) AND FORM 990-PF GENERAL INSTRUCTION T TO REPORT THE DISTRIBUTION OF CERTAIN ASSETS THAT RESULTED IN A SUBSTANTIAL CONTRACTION OF ASSETS DURING THE YEAR AND/OR A PLAN OF DISSOLUTION. DURING 2024 THE WALTER & ELIZABETH STERN FOUNDATION ("STERN FDN") MADE SEVERAL DISTRIBUTIONS OF ASSETS FROM SOURCES OTHER THAN CURRENT INCOME. SUCH DISTRIBUTIONS REPRESENTED 49.37% OF STERN FDN'S NET ASSETS OF $8,022.115 (AS MEASURED BY FAIR MARKET VALUE) AT THE BEGINNING OF 2024. ALL OF THESE GRANTS ARE EXEMPT FROM TAXES UNDER IRC SEC. 501(C)(3) AND ARE PAID TO PUBLIC CHARITIES AS DEFINED IN IRC SEC. 170(B)(1)(A)(VI) OR 170(B)(1)(A)(II). THEY ARE NOT CONTROLLED (DIRECTLY OR INDIRECTLY) BY STERN FDN OR ANY DISQUALIFIED PERSONS WITH RESPOECT TO STERN FDN. THE DISTRIBUTIONS WERE MADE TO HELP THE ORGANIZATIONS IN THEIR CHARITABLE OR EDUCATIONAL TAX EXEMPT PURPOSE. HOWEVER, THE ORGANIZATIONS ARE UNDER NO OBLIGATION TO USE THE FUNDS IN A MANNER THAT WILL DIRECTLY BENEFIT STERN FDN.

Application Information

Accepts Unsolicited Proposals Unknown
Contact Person ELIZABETH STERN
Phone 2126491500
Deadlines N/A
How to Apply IN WRITING SPECIFYING AMOUNT REQUIRED AND INTENDED USE
Restrictions N/A

Financial Trends

Giving Over Time

Total Assets Over Time

View financial data as table
YearTotal GivingTotal AssetsRevenueGrants
2016 $448K $8.2M $482K 2
2017 $306K $9.1M $285K 1
2018 $374K $8.7M $803K 1
2019 N/A $10.1M $367K N/A
2020 $257K $9.5M $318K 1
2021 $630K $10.2M $355K 2
2022 $297K $9.1M $573K 1
2023 $1.3M $8.0M $432K 2
2024 $4.3M $5.2M $221K 5

Grant Size Distribution

Based on 15 grants on record

Minimum
$5
25th Pctl
$277K
Median
$448K
Average
$531K
75th Pctl
$668K
Maximum
$1.5M

Geographic Distribution

US Grant Distribution Map

Officers & Directors

NameTitle
ELIZABETH M STERN PRESIDENT
DAVID MC STERN VICE PRES
WILLIAM M STERN SECRETARY
SARAH M STERN TREASURER
WALTER P STERN DECEASED 22722 PRESIDENT
WALTER P STERN PRESIDENT

Grants Awarded (15 total)

Purpose
PER SCHEDULE ATTACHED - STATEMENT E - NON-CASH Valhalla, NY $1,517,547 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2024
PER SCHEDULE ATTACHED - STATEMENT D - NON-CASH Washington, DC $1,389,208 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2024
PER SCHEDULE ATTACHED - STATEMENT C - NON-CASH WHITE PLAINS, NY $892,552 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2024
PER SCHEDULE ATTACHED - STATEMENT B CASH GRANTS NEW YORK, NY $774,500 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2023
PER SCHEDULE ATTACHED - STATEMENT C - NON-CASH WHITE PLAINS, NY $561,680 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2023
PER SCHEDULE ATTACHED - STATEMENT B CASH GRANTS NEW YORK, NY $523,740 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2021
PER SCHEDULE ATTACHED - STATEMENT B CASH GRANTS NEW YORK, NY $461,025 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2024
PER SCHEDULE ATTACHED - STATEMENT B NEW YORK, NY $448,181 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2016
PER SCHEDULE ATTACHED - STATEMENT B NEW YORK, NY $373,892 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2018
PER SCHEDULE ATTACHED - STATEMENT C NEW YORK, NY $306,384 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2017
PER SCHEDULE ATTACHED - STATEMENT B CASH GRANTS NEW YORK, NY $296,510 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2022
PER SCHEDULE ATTACHED - STATEMENT B NEW YORK, NY $256,874 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2020
PER SCHEDULE ATTACHED - STATEMENT C Washington, DC $106,544 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2021
PER SCHEDULE ATTACHED - STATEMENT F - NON-CASH New York, NY $52,442 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2024
K-1 KINDER MORGAN ENERGY PARTNERS NEW YORK, NY $5 AS PER BY-LAWS OF FOUNDATION TO ORGANIZATIONS QUALIFIED UNDER IRC SECTION 501 (C) (3) 2016